Over the past month, a $2 trillion shock wave through global markets has been experienced by Donald Trump’s election win. That’s how much equities’ global market value has jumped. And over the worst month for global bonds in dollar terms on record, that’s about the size of the loss in worth of the Bloomberg Barclays…
One day, its U.S. market would be eclipsed by its fast-growing China business, Starbucks said. Taking the chain to a total of about 37,000 outlets, it plans to open 12,000 additional stores globally in the next five years, the company said. Half of the new units will be in the U.S. and China. “Our core business…
In the hope that its own gaming franchises can replicate the success of console rival Nintendo Co’s Pokemon GO, Japan’s Sony Corp will release as many as six smartphone games in the next financial year. Some of Sony’s popular gaming franchises would be freed up to make them available on Apple Inc’s iOS and Google’s…
A report from Saxo Bank claims that inflation could soar and propel the dollar to record highs by expected economic stimulus policies that U.S. President-elect Donald Trump may introduce and this could result in the price of Bitcoin hitting more than $2,000 in 2017. According to CoinDesk data, Bitcoin is currently trading around $754.51. A handle of…
Recharge times and distance covered in one recharge are some of the biggest challenges facing the electric vehicle industry. But now scientists claim that it is now possible to recharge electric cars in seconds and travel from London to Edinburgh without stopping due to a plastic based on soft contact-lens technology which has the potential…
A common cancer drug triggers the development of new eggs, an outcome which was previously thought to be impossible, found scientists which have offered new hope to infertile women. It is possible to reverse the clock and coax the ovaries back into a pre-pubescent state where they begin to produce new eggs, researchers at the…
Pushing the forward oil curve upside down, bankers, merchants and brokers said that U.S. shale oil companies are using the post-OPEC rally to hedge their oil price risk for next year and 2018 above $50 a barrel. Offsetting the first output cut by the Organization of Petroleum Exporting Countries in eight years, higher U.S. oil…
A new feature for its genetically modified corn seeds that it says will not only boost yields but cut down on fertilizer use and carbon-dioxide emissions is being introduced by Monsanto Co., a lightning rod for critics of modern agricultural techniques. A friendly fungus that helps corn plants in their earliest growth stages has been…
After former managers at Nokia struck up partnerships with Google and phone manufacturer Foxconn and licensed the handset brand from Microsoft, the smartphones from the Finnish company are poised for a comeback. Nokia chose Microsoft’s unpopular Windows operating system for its “Lumia” range after it missed the shift to smartphones despite once being the world’s…
In what will mark only the third time in more than a quarter century that the White House has rejected an investment by an overseas buyer as a national security risk, U.S. President Barack Obama is poised to block a Chinese company from buying Germany’s Aixtron SE, reported Bloomberg quoting people familiar with the matter.…
