European Central Bank (ECB) President Mario Draghi said Friday that the environment of low rates in the euro zone has not hurt the profits of European banks. “As regards bank profitability, ECB research finds little evidence that our monetary policy is currently doing harm,” Draghi told an audience in Frankfurt. The central bank has been […]
Read moreBitcoin hit a new record high Friday, coming within touching distance of the $8,000 handle. The cryptocurrency was trading at $7,998.40 in the early hours, U.K. time, according to industry website CoinDesk. Bitcoin did pare some of those gains, however, falling as low as $7,535.85; it was trading around $7,750 by mid-morning. It’s been a […]
Read moreIssuing digital tokens is a popular way for many start-ups to raise money, but two prominent names in the cryptocurrency space warned about the rise in fraudulent projects that offer little value to investors. Initial coin offerings, or ICOs, are a fundraising vehicle where investors send some form of digital currency — usually bitcoin or […]
Read moreArtificial intelligence (AI) is set to have the biggest technological impact on the oil and gas industry over the coming years, according to Microsoft‘s oil and gas director for the Middle East and Africa. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC) on Wednesday, Omar Saleh said technology disruptions over the past three […]
Read moreMafia ‘boss of bosses’ Salvatore ‘Toto’ Riina has died in the hospital while serving multiple life sentences as the mastermind of a bloody strategy to assassinate Italian prosecutors and law enforcement trying to bring down the Cosa Nostra, Italian media reported Friday. He was 87. Riina died hours after the Justice Minister had allowed his […]
Read moreChina shocked the world last week when it suddenly announced it would finally make some moves to open up its financial sector to more ownership from international investors. But it’s not just overseas companies that stand to benefit: One important Chinese sector will grow stronger, experts said. Like many parts of China’s financial industry, insurance […]
Read moreMarkets in Europe are expected to open mixed on Friday morning as investors digest further earnings and data. The FTSE 100 is seen down by 16 points at 7,370; the DAX is expected to open higher by 24 points at 13,067; and the CAC 40 is set to start up by 2 points at 5,335, […]
Read moreTesla unveiled its next generation Roadster on Thursday. In a shock unveiling reminiscent of a Steve Jobs “One more thing…” surprise, Tesla CEO Elon Musk revealed that the car will be incredibly fast for a production vehicle. The new Roadster clearly takes aim at high end sports cars. “The point of doing this is to […]
Read moreTesla unveiled the Tesla Semi truck on Thursday. The truck can drive 500 miles on a single charge, which was higher than some analysts had expected. That may mean that, in terms of range, the vehicle could meet the needs of long haul truck drivers. Tesla CEO Elon Musk said the truck can beat a […]
Read moreAfter months of teasing investors and fans that his company’s first electric semi will “blow your mind,” Tesla CEO Elon Musk finally took the wraps off the truck. Actually, he rolled into the unveiling in Hawthorne, California, sitting in the cab of the new Tesla Semi. With a slick design that will allow truckers to […]
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