Intensifying tensions between Iraqi and Kurdish forces in the oil-rich region of Kirkuk could prompt a sustained rally in oil prices, an analyst told CNBC on Monday. State TV reported Monday that Iraq’s central government had taken control of some areas in Iraq’s Kirkuk province “without fighting.” However, Kurdish Rudaw TV said Iraqi and Kurdish […]
Read moreIBM has developed a blockchain platform that allows banks to rapidly clear and settle payment transactions around the world. Big Blue said Monday it has worked with a number of international banks including Spain’s BBVA, Indonesia’s Bank Danamon and Australia’s National Australia Bank. Blockchains are groupings of data maintained by a disperse network of computers […]
Read moreEarly on a fall morning, the sweat was already beading on Sean Williams’s brow as he and his partner wrestled with a problem worthy of a geometry class: figuring out the series of lifts, tilts and tugs needed to squeeze a sectional sofa through the front door of a New Jersey home. Just a few […]
Read moreThe White House released its first economic analysis of the Republican tax plan on Monday, an attempt to establish the intellectual underpinning for the argument that cutting corporate taxes ultimately helps middle-class workers. The report from White House chief economist Kevin Hassett projects that the GOP goal of reducing the corporate tax rate from 35 […]
Read moreSebastian Kurz is set to become the next chancellor of Austria and, at 31, the world’s youngest leader after North Korea’s Kim Jong Un (33) and Ireland’s Leo Varadkar (38). Known as “Wunderwuzzi” (roughly translated as “one who can walk on water”), Kurz won Austria’s general election Sunday with about 31 percent of the vote. […]
Read moreWikileaks founder Julian Assange claims his organization has made a 50,000 percent return on bitcoin after investing in the cryptocurrency in 2010 — and it’s all thanks to the U.S. government. In a tweet over the weekend, Assange posted a screenshot of bitcoin prices on July 18, 2010 and October 14, 2017 on industry website […]
Read moreChinese device maker Huawei could surpass Apple in the smartphone market this year, according to an analyst from a top research firm. In the second quarter of this year, Huawei held a 11.3 percent market share, shipping 38.5 million units, IDC data show. Apple meanwhile shipped 41 million iPhones and had a 12 percent market […]
Read moreThe United States and Japan will put their reputations on the line on Tuesday, as they prepare for an expensive showdown in technological superiority. What’s the test? Giant battling robots. MegaBots tweet: IT’S TIME FOR THE GIANT ROBOT DUEL! Two years ago, U.S. robotics company MegaBots challenged its Japanese rival, Suidobashi Heavy Industries, to a […]
Read moreCurrency, United States Finance
Catalonia still won't say whether it's declaring independence, but wants to meet with Spanish leader
Catalan leader Carles Puigdemont has not given a clear answer to whether the region has declared independence or not, according to a letter sent to the Spanish government. The letter, sent just two hours before a deadline imposed by Madrid, reiterated an offer to meet Spanish Prime Minister Mariano Rajoy as soon as possible to […]
Read moreSouth Korean police are seeking an arrest warrant for Cho Yang-ho, chairman of Hanjin Group, the parent of Korean Air Lines Co Ltd, on charges of breach of trust following their probe intoconstruction work at his house, a police official said on Monday. In July, police raided the headquarters of Korean Air Lines, South Korea’s […]
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