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Is Tesla Inc. the ultimate loser amidst the trade war?

  • Crystal Ng
  • 17 Days ago
  • 0
Trump Administration considers adding a 25% tariff on Chinese car imports. China retaliates with an equal 25% of 106 U.S. imported goods. Tesla Inc. is already paying 25% due to China’s tariff on car imports. China has been the most prominent trading partner of the United States for some time now. NBC News states that the trades […]

Grab Acquires Uber’s Foothold in Southeast Asia

  • Crystal Ng
  • 24 Days ago
  • 0
Uber Technologies is experiencing global challenges. Grab has procured Uber in Southeast Asia. Grab is a ride-hailing and logistics service based in Singapore. Its services are available in most of its neighboring countries in Southeast Asia. These include countries like Malaysia, Indonesia, Philippines, Vietnam and so on. The company has excelled in recent years such […]

Women are People, Not a Commodity

  • Crystal Ng
  • 2 Months ago
  • 0
An extraordinary event transpired amidst the 19th and 20th centuries which altered the course of the history and transformed the world into life as we know it today. This century-long struggle has come to be known as the period of women’s suffrage movement. Prior to that time, long before any of us were born, women […]

Eliminating Plastic Straws for a Greater Good

  • Crystal Ng
  • 2 Months ago
  • 0
In the last century, a synthetic material was produced on the basis of low costs of production in addition to the convenience of single-use followed by disposal. This, however, has evolved into one of the major concerns in the world in recent years. The environmental effects from the use of plastic items are detrimental due […]

Sprint and T-Mobile nearing merger agreement

  • William Van-Lear Black
  • 7 Months ago
  • 0
T-Mobile and Sprint, respectively the third and fourth largest wireless carriers in the U.S., are nearing a merger agreement, undisclosed sources told Reuters Friday. A due diligence period would follow the finalization of the agreement’s terms, but the companies expect a deal by October, according to Reuters’ source. In August, Reuters says, Sprint CEO Marcelo Claure […]

Toshiba board agrees to sell memory business to Bain-led group

  • William Van-Lear Black
  • 7 Months ago
  • 0
Wednesday, the board of reeling technology giant Toshiba announced that it has approved the $18 billion sale of the company’s flash memory operation, Toshiba Memory Corporation (TMC), to a group of buyers that includes American venture capital firm Bain Capital, and a pair of government-owned Japanese organizations, the Innovation Network Corporation of Japan, the New […]

Markets rise as Irma weakens, North Korea anniversary passes without nuke test

  • William Van-Lear Black
  • 7 Months ago
  • 0
Markets around the world are rising as Florida missed the worst of Irma this weekend, and as North Korea’s founding celebration, which took place Saturday, did not include a missile test, Reuters reports. Irma hit the Florida keys Sunday as a Category 4 hurricane, then came into Miami, damaging several buildings and creating a storm […]

Carpooling service Via closes investment round, plans U.S. and oversea expansion

  • William Van-Lear Black
  • 8 Months ago
  • 0
Carpooling service Via just completed a funding round, the proceeds of which the company intends to use to expand its service in the U.S. and to establish a presence in Europe, TechCrunch reports. Via will begin London operations in the near future, and Paris service soon after. The amount of the funding round remains undisclosed, […]

Chinese authorities crackdown on cryptocurrency ICOs

  • William Van-Lear Black
  • 8 Months ago
  • 0
Monday, the Chinese government banned the practice of creating and selling new cryptocurrencies, Reuters reports.  With the rise of Blockchain technology, initial coin offerings (ICOs)—which give investors the opportunity to buy newly-created cryptocurrencies—have gained popularity. In total, Reuters says, ICOs have raised $2.32 billion since the inception of the cryptocurrency market; $2.16 billion of that […]

Fox News will no longer broadcast in the UK

  • William Van-Lear Black
  • 8 Months ago
  • 0
21st Century Fox announced Tuesday that it will pull Fox News from UK airwaves, The Guardian reports. The network’s final broadcast across the pond took place at 4:00 p.m. local time Tuesday. A spokeswoman told The Guardian: “[Fox] has decided to cease providing a feed of Fox News Channel in the UK. Fox News is […]

Indonesia extradites xiu.com founder, China continues crack down on fugitives

  • William Van-Lear Black
  • 8 Months ago
  • 0
Chinese authorities have extradited Ji Wenhong, founder of online clothing retailer xiu.com, from Indonesia to face smuggling charges, the AP reports via New York Daily News. Indonesian officials returned Ji to China Saturday. Authorities accuse Ji of having designed a system by which his company illegally imported goods from Europe and the US. Allegedly, the […]

Icelandic airline WOW brings cheap transatlantic flights to four midwestern US cities

  • William Van-Lear Black
  • 8 Months ago
  • 0
Icelandic budget airline WOW Air announced Wednesday that it will expand its service to four Midwestern US cities—St. Louis, Cleveland, Cincinnati, and Detroit—beginning in Spring 2018, USA Today reports. WOW will run four flights a week between each city and the airline’s hub, Keflavik International Airport near Reykjavik, Iceland. One-way tickets will start at $99.99. […]

China is using quantum cryptography to produce unhackable transmissions

  • Ashley Leader
  • 8 Months ago
  • 0
China has proven itself able to use quantum cryptography to produce what are essentially unhackable transmissions. A Chinese group of researchers called the Quantum Experiments at Space Scale project, or QUESS, launched a quantum cryptography satellite into orbit in August last year. This satellite has enabled the QUESS project to send quantum-encrypted messages from earth to the satellite — […]

Euro Reaches Two-Year Dollar High

  • Cedric Brenninkmeijer
  • 9 Months ago
  • 0
Last Friday the euro strengthened to a two-year high against the dollar, raising 1.8 percent over the week and has gained 11 percent year to date. The euro was valued at $1.1680 on Friday as the highest settlement since Jan. 15, 2105. This raise comes a day after European Central Bank president Mario Draghi to […]

Bank of America Prepares Dublin as Brexit Backup Plan

  • Cedric Brenninkmeijer
  • 9 Months ago
  • 0
Bank of America has decided to pick Dublin as its new base for its European Union operations amidst Britain’s Brexit preparations to leave the union. This is the first Wall street lender to pick Dublin, which is a prime location for a smaller location shift while still remaining within an E.U. sphere. International banks are […]

IMF to lend Greece $1.8 Billion

  • Ashley Leader
  • 9 Months ago
  • 0
The International Monetary Fund has resolved to bail Greece out yet again, Bloomberg reports. To be precise, the IMF has approved “in principle” a loan of up to $1.8 billion to Greece. Just over two years have passed since Greece was unable to make a payment on a previous IMF loan. Greece has endured severe economic conditions […]

Chinese Courier ZTO Sued Over False IPO Listing

  • Cedric Brenninkmeijer
  • 9 Months ago
  • 0
Chinese courier ZTO Express and those involved in its New York stock market listings have been sued by a U.S. pension fund. The fund alleges that ZTO exaggerated its profit margins to lure investors into its $1.4 billion initial public offering. Morgan Stanley and Goldman Sachs Group Inc., which was responsible for ZTO’s IPO, are […]

Two Leading Black Markets Abolished by U.S. and European Authorities

  • Cedric Brenninkmeijer
  • 9 Months ago
  • 0
The two largest online black markets, AlphaBay and Hansa Market, have been shut down and their operators have been arrested, according to reports by the U.S. and European authorities on Thursday. AlphaBay, what is considered to be the largest dark net market, was taken down in early July while its founder, Alexandre Cazes, a 25 […]

Beijing Blocks WhatsApp Access in Mainland China

  • Cedric Brenninkmeijer
  • 9 Months ago
  • 0
Chinese users have reported trouble regarding the use of WhatsApp instant messaging tool on Tuesday. Many suspect that Beijing is responsible for the issues that are arising as part of its latest regulations on internet use. The issues included involved being unable to send or receive photos using the chat app, which is owned by […]

Netflix Subscribers Surpass Target

  • Cedric Brenninkmeijer
  • 9 Months ago
  • 0
Netflix Inc. has surpassed the expectations of Wall Street for its second quarter by adding 5.2 million new streaming customers. Netflix predicts further continued growth due to the momentum generated by foreign subscriptions, which overcame U.S. subscribers. As a result of its customer base growth, Netflix shares have increased by 10.4 percent on Monday. Regarding […]
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