Shares of AMS, a chipmaker appreciated by 206% in 2017. On Friday, European stocks steadied their footings and were set to post their strongest gains since 2013 buoyed by surging tech stocks as well as a robust resources sector. Although the eurozone blue chip stocks dropped by 0.1%, the pan-European STOXX 600 index remained flat,…
The filing of bankruptcy by Air Berlin has led to a capacity bottleneck leading to cheaper fares getting sold off faster, which in turn has led to rising prices for air fares in Germany. On Thursday, Andreas Mundt, the head of a German cartel office told German newspaper Sueddeutsche Zeitung that airlines should not be…
Among the measures South Korea will take is baning the anonymous opening of cryptocurrency accounts; the measures will also have legislative backing. On Thursday, the South Korean government said, it will impose additional restrictions in order to reign in wild speculation in Bitcoin, a cryptocurrency, that is being traded within the country. “The government had…
Israeli pharmaceutical firm Teva is attempting to prevent a complete collapse and in that effort, will fire about 25 per cent of its workforce globally, which amounts to about 14,000 workers. During the next two years, about 1,700 workers are anticipated to be fired in in Israel alone. For Israel, this cut would be the…
There have bene allegations that the there is a shortage of adequate staffing in the cybersecurity sector which has left many companies exposed and vulnerable to cyber attacks by hackers. Now cyber security professionals say that there is requirement for better education and improved apprentice schemes for people engaged in cybersecurity jobs. While there were…
Responding to the UN vote to accept the proposal for identifying Jerusalem as the capital of Israel, the US government has decided to reduce its commitment to the United Nations for the two years of 2018 and 2019, Washington announced recently. U.S. president Donald Trump had decided to recognize Jerusalem as the capital of Israel…
By extending the tax rebate on NEVs upto December 31, 2020, China aims to provide a financial support structure for green vehicles. In efforts aimed at boosting the adoption of hybrid and electric cars, China stated it will extend its tax rebate on the purchase of these new-energy vehicles (NEV) until the end of 2020.…
The Russian safety watchdog has called on the Japanese automaker to recall a series of its cars for issues concerning the deployment of its airbag. On Wednesday, Russia’s Rosstandart, a technical safety watchdog, has called Nissan Motor Co Ltd to recall 106,340 of its cars in Russia. As per Rosstandart, the recall would affect the…
While it is believed that companies design their internet according to their core customers – the English-speaking Americans, it would probably change within a few years for U.S. tech companies with India being at the focus. It is this market that is driving the anticipation that billions of people in Asia would get more internet…
While traditionally, digital currencies such as the bitcoin, have always been decentralized and provide anonymity to the holder of the currency, Israel’s digital currency is likely to be centralized and compliant with existing money laundering laws. Israel’s central bank, the Bank of Israel, stated it is examining the possibility of issuing digital currency in order…
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