The very existence of cash seems jeopardized in the world. Each country, at its own pace, has its opponents to hard currency and would like to see it go away for good. While some countries are just toying with the idea, others have already gone to great length to root out what they see as…
The music streaming giant’s IPO is scheduled to hit the market either late this year or in early 2018. Ahead of its U.S. stock market listing, in a significant development Spotify has disclosed that it has renewed its global licensing partnership with Warner Music Inc. The development marks its last big music royalty deal ahead…
The development marks the birth of a green, cost effective long-haul trucking industry. Next month, Tesla Inc is set to unveil a big-rig electric truck which will have a mile range of 200 to 300 miles. The development is a sign that Tesla is eyeing the commercial freight market as it aggressively ramps up the…
Analysts think the death of a major economic concept could dominate discussions as central bankers gather at the annual Jackson Hole symposium on Friday. It shows that inflation and unemployment have a stable and inverse relationship and is known as Phillips curve, an economic concept developed by New Zealand economist William Phillips. However, this inverse…
The U.S. groceries market is likely to heat up further. In what is likely to be a milestone for Amazon.com, the world’s largest online retailer has managed to get an approval from the U.S. Federal Trade Commission for its planned $13.7 billion acquisition of Whole Foods Market Inc. In its statement, the FTC said it…
While the sales of its flagship Galaxy S8 was brisks, the launch of the Note 8 comes at a time when consumers are expecting the launch of the iPhone 8, Apple’s 10th anniversary phone. Expectations are skyhigh, hope Apple doesn’t disappoint. With the world’s largest smartphone maker by market share launching its new Galaxy Note…
Other nations may be affected due to China installing more robots than any other nation. The International Federation of Robotics estimates that shipments of robots to the second largest economy in the world will nearly double to 160,000 in 2019 even as it has already jumped 27 percent to about 90,000 units last year, marking a single-country record and…
According to Harvard University researchers writing in a peer-reviewed journal, even as Exxon Mobil Corp.’s own scientists determined man-made global warming was real and a serious threat, it spent the last 40 years undermining public concern over climate change. “Exxon Mobil contributed to advancing climate science — by way of its scientists’ academic publications —…
In 2018, it will capitalize on this further by enabling voice Google powered shopping across its 4,700 brick and mortar stores. In a development that marks the opening of a second front on Wal-Mart Stores assault on Amazon.com Inc, the company is teaming up with Google to enter the nascent voice-shopping market that is at…
In an effort to reduce food contamination by using blockchain, IBM has been joined by a group of global food giants including the likes of Nestle, Unilever and Walmart. In order to trace the source of contaminated produce IBM would enable global food businesses to use its blockchain network, the corporation announced on Tuesday. According to…
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