The Philadelphia Mint was successfully persuaded that the U.S. needed a four-dollar coin by the then America’s minister plenipotentiary to Austria, John Adam Kasson in 1879. The argument that America needed a coin that would work as a form of international currency was most probably the reason for this even as the exact logic of the…
With losses exacerbated by unfavorable currency moves and a foray into equity markets, the world’s biggest pension fund posted the worst annual performance since the global financial crisis. The retirement manager said on Friday in Tokyo that 5.3 trillion yen ($51 billion) or 3.8 percent was lost by Japan’s $1.3 trillion Government Pension Investment Fund…
Preparations are underway to receive first supplies from America’s shale in East Asia, a region that which imports more liquefied natural gas than any other region of the world. According to an official at tanker owner Maran Gas Maritime Inc. who asked not to be identified because he isn’t authorized by the company to speak…
Norway is now making waves when it comes to clean energy despite being a big player in fossil fuels. With hydropower a crucial part of the mix of clean energy sources, 98 percent of its “electricity production” comes from renewable sources, the Norwegian government has said. Norway is home to an abundance of natural resources…
Even though American’s say that the wastage of 130 billion pounds of food (PDF) makes them feel bad, they however don’t do anything about it. They are aware of the scale of this $160 billion (PDF) problem, said more than half the respondents in a new national survey. While 51 percent said it would be difficult to reduce…
A senior HSBC banker has been charged him with fraudulently rigging a multibillion-dollar currency exchange deal after he was arrested by the FBI as he attempted to board a transatlantic flight. Allegations to have “corruptly manipulated the foreign exchange market to benefit themselves and their bank” and of “defrauding clients” have been leveled against Mark…
As a niche sport for those interested in seeing combatants pummel one another in an octagonal cage the Ultimate Fighting Championship seemed for years to be a curio. However an eye-popping price tag is now commanded by U.F.C. as it has become a global sports empire. People with direct knowledge of the matter told media…
Andy Rubin helped create the world’s largest operating system – the Android platform. During the Bloomberg Technology Conference, he talks about the coming of age of a conscious computer controlled by Artificial Intelligence. This isn’t science fiction, but science fact. It is coming. Although, Andy Rubin was one of those who helped invent the Android…
As Amazon looks to step up its challenge to local e-commerce players in India, the US online retail giant announced the decision of investing $3 billion in India this year. The announcement was made by the chief executive f the company Jeff Bezos. Bringing Amazon’s total investment in India to $5 billion, the new money…
A new report from UNESCO, the United Nations Environment Programme (UNEP) and the Union of Concerned Scientists (UCS) claims that climate change is “fast becoming one of the most significant risks for world heritage sites worldwide”. Some of the world’s most famous sites that are being impacted by climate change are highlighted in the latest…
business-gurus.com 