Tesla has begun making good on its promise to help Puerto Rico rebuild its energy grid after a devastating hurricane caused massive damage on the island. On Tuesday, Tesla announced via Twitter that Hospital del Nino in Puerto Rico is “first of many” solar and storage projects going live. Images tweeted out show solar panels […]
Read moreIn the high-stakes, high-cost battle among global automakers to develop ever more efficient vehicles, one of the biggest breakthroughs in internal combustion engine technology in years looks to be coming from one of the industry’s smaller players. Japan’s Mazda Motor Corp has zoomed past its larger global rivals to develop an engine which ignites gasoline […]
Read moreThe U.K.’s decision to leave the EU is the second most “stupidest” decision ever made by a country, only beaten by the U.S. voting for President Donald Trump, according to Michael Bloomberg. “I did say that I thought it (Brexit) was the stupidest thing that a country has ever done — but then we trumped […]
Read moreLloyds Banking Group said its pre-tax profit for the first nine months of the year rose 38 percent to 4.5 billion pounds ($5.91 billion), building on the eight-year profit record it achieved in the first six months of the year. Britain’s biggest retail bank also said it would improve the rate at which it generates […]
Read moreIndia’s government on Tuesday announced a massive bank recapitalization plan worth tens of billions of dollars — a possible “game changer” for the country’s bad loans problem. The plan could not only provide cheer for investors worried about Indian banks’ worsening balance sheets, but it may also have far-reaching implications for the country’s economic prospects. […]
Read moreEuropean stocks are set to open lower on Wednesday morning as investors look out for new earnings reports and economic data. The FTSE 100 is seen down by 21 points at 7,508; the DAX is set to open lower by 26 points at 12,995 and the CAC 40 is expected to start the day lower […]
Read moreMario Draghi, the president of the European Central Bank (ECB), is set to reveal details of a reduction in monetary stimulus Thursday in what could be the most eventful meeting of the central bank this year. The expectation for this week’s ECB meeting are very clear: Nothing less than the big “taper” plan for next […]
Read moreThe Kurdistan Regional Government in a statement early on Wednesday offered to freeze the results of an earlier referendum on independence as part of an offer to defuse the crisis with the Iraqi central government in Baghdad. The statement also called for an immediate ceasefire and a halt to all military operations in the northern […]
Read moreChina announced its new leadership lineup on Wednesday with President Xi Jinping still at the helm of the Chinese Communist Party. Although it’s a team in name, the Chinese president is now more powerful than he’s ever been. In the wake of the last week’s Communist Party congress, Xi now stands as China’s most powerful […]
Read moreThe tropical island-nation of Singapore now boasts the world’s strongest passport, according to a new ranking. It’s the first time an Asian country has topped the list. Citizens of the Southeast Asian financial hub are able to enter the higher number of countries visa-free or with a visa on arrival, making Singapore’s passport the most […]
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