A tiny glass company you’ve never heard of is one of China’s best-performing stocks this month. Spiking 34 percent, so far this month state-owned Luoyang Glass is the second-best performer in the Shanghai Composite. For the last three days, the stock has also hit the 10 percent daily trading limit. At a measly 0.03 percent of the Shanghai Composite’s…
Announcement about working on a new way for mobile phones to transfer large amounts of data without using wires or WiFi connections is expected to be made by a startup backed by Tony Fadell, one of the fathers of the Apple iPod. Samsung Electronics Co Ltd, Foxconn parent Hon Hai Precision Industry Co Ltd and…
The globe’s two biggest emerging economies are squaring off over their shared border while the world has focused on North Korea. A hot spot for increasing military tension in recent months has been China and India’s borderlands, though geographically desolate and inhospitable. Given that both are equipped with nuclear weapons, the situation could escalate even as the two…
According to report released by the Economist Intelligence Unit on Wednesday, global livability is finally showing some telltale signs of an improvement after 10 years of back-to-back slumps. But, continuing to threaten world living standards is the continued threat of terrorism that includes several high-profile attacks in Europe, said a EIU statement on the report. The…
It was expected that the strategy to clear a global oil glut struck between the OPEC and Russia to succeed within six months. But now it could be years that the battle could last for. Already nine months later than originally expected, next spring, tBottom of Form he Organization of Petroleum Exporting Countries and its…
In a proposal cheered by British businesses but which is likely to raise eyebrows on the continent, U.K. wants to maintain tariff-free, bureaucracy-light trade with the European Union for a period after Brexit and perhaps permanently, the U.K. government said. After it leaves in March 2019, it will seek to negotiate a “close association” with the…
Can you imagine where the soon to be world’s largest data center would be situated – a small town in the remote north of the Arctic Circle is set to be its home. With the aim of eventually drawing on a record-setting 1000 megawatts of power, the Kolos facility is being developed by a US-Norwegian…
Based on growing optimism that faster transaction times will hasten the spread of the cryptocurrency, bitcoin soared past $4,000 for the first time. After a plan to quicken trade execution by moving some data off the main network was activated last week, noting a gain of nearly 17 percent since Friday, the largest digital tender…
As key U.S. officials played down the risk of an imminent war with North Korea and as South Korea’s president said resolving Pyongyang’s nuclear ambitions must be done peacefully, tensions on the Korean peninsula eased slightly on Monday. A spike in tensions in recent months has been spiked by concerns that North Korea is close to…
Even as Microsoft Corp looks to speed up use of the distributed database software by enterprises, the U.S. tech giant is working on technology that it believes can make blockchain-based systems faster and more private. In order to solve some of the issues that have slowed down the adoption of blockchain networks, including speed and…
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