The most active corporate investors in blockchain companies are Google and Goldman Sachs, says a new report. Cryptocurrencies like bitcoin are based on the blockchain technology. But promising cheaper and faster processes, from industries from finance to insurance, it is also being developed for use. according to a report by data firm CBI Insights published recently, just…
Starting off with its spring-summer collection, animal fur in its clothing would be stopped beinig used by the luxury fashion brand Gucci from next year. During the 2017 Kering Talk at the London College of Fashion, this the fur-free policy on Wednesday was announced by Marco Bizzarri, the Italian firm’s president and CEO of the…
By signing a 210 million euro ($249 million)deal to buy large parts of insolvent Air Berlin, Lufthansa reinforced its position as Germany’s largest airline on Thursday. To quickly expand its Eurowings budget business, Lufthansa plans to use the Air Berlin assets. Reaching their highest level in nearly 17 years, Lufthansa shares up more than 3…
Marking a return to its investment banking roots as trading revenue slows, and by pitching creative deals to big, complex clients, Goldman Sachs Group Inc is betting it can get its money-making mojo back. Media reports quoting sources said that focused on generating compelling deal ideas for companies like Warren Buffett’s conglomerate Berkshire Hathaway Inc…
Deepening a rift amid sanctions on the OPEC-member country Venezuela, the fifth largest U.S. buyer of Venezuelan crude, PBF Energy, has halted direct purchases from state-run oil company PDVSA, reported the media citing four sources. PDVSA owes bondholders $1.2 billion in debt payments due this month and further disagreements could spell new hardships for it even…
In order to explain his view that rockets must be reusable if humans are ever to afford space exploration, Elon Musk has used the analogy of destroying a commercial jet after just one flight for years. Now, a way he might profit off that dream, has been discovered by the founder of SpaceX. By launching…
The manner in which the acquisition of London-based artificial intelligence company DeepMind might start to generate revenue rather than just research papers for Alphabet Inc’s Google was shown in the launches of new hardware from the company recently. For a cost of reported $400 million, Alphabet had bought DeepMind in 2014. better than any human on the…
Two analysts at Leerink Partners said that Amazon is poised for a direct threat to the U.S.’s biggest brick-and-mortar drugstore chains and the e-commerce company is almost certain to enter the business of selling prescription drugs by 2019. “It’s a matter of when, not if,” Leerink Partners analyst David Larsen said in a report to…
Tweeting that the electric vehicle maker was diverting resources to fix production bottlenecks of its new Model 3 sedan and to help Puerto Rico, Tesla Inc Chief Executive Elon Musk on Friday pushed back the unveiling of the company’s big rig truck until mid-November. Echoing his own comments in July, when he showed off some…
On his historic, four-day state visit to Russia, Saudi King Salman bin Abdulaziz brought 1,500 people, a golden escalator and his own carpets, reported the media quoting people familiar with the matter. The special escalator he travels with was used by the 81-year-old leader of the Gulf kingdom after he exited his plane late Wednesday and stepped out…
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