The clean energy sector will be a massive engine for job growth in the United States given the increasing focus on the adoption of green technology, according to Milken Institute chairman Mike Milken. Milken was speaking to CNBC’s “Street Signs” on Wednesday at the sidelines of his institute’s Asia Summit 2017 in Singapore, touching on […]
Read moreThe competitive edge for Asian economies — many of which depend on low-cost labor and exports for growth — will likely erode as technology changes the way manufacturers operate, Boston Consulting Group said in a new report. Technologies such as robotics and digital simulation are allowing manufacturers to make customized products in locations closer to […]
Read moreIt’s well known that vacationers can rent a room — or a whole home — on Airbnb. But the company, one of the giants of the sharing economy, is dedicating attentions to another sort: business travelers. That segment already makes up about 10 percent of Airbnb’s business, and it expects that to grow to about […]
Read moreCurrency, United States Finance
Here is Juncker’s list of demands as he sets out roadmap for EU growth
The European Union is in its strongest position in a decade, but it must act quickly to capitalize on this and avoid past shortcomings, the President of the European Commission Jean-Claude Juncker has said. Delivering his keynote State of the European Union address Wednesday, Juncker outlined a number of measures the union must implement in […]
Read moreEuropean markets were set to open lower on Wednesday morning, despite record highs on Wall Street following the release of Apple‘s latest iPhone. Britain’s FTSE 100 is seen 14 points lower at 7,391; the German DAX is expected to open down by around 18 points at 12,505 and the French CAC is poised to open […]
Read moreCurrency, United States Finance
Global oil demand to exceed expectations in 2017, says IEA; OPEC cuts supply
Global oil demand is set to accelerate faster than anticipated this year, according to the International Energy Agency (IEA), which has revised up its 2017 growth estimates. Strong second-quarter demand has buoyed oil markets, which have been struggling to rebalance as a supply glut has weighed heavily on prices, the IEA said in its September […]
Read moreCurrency, United States Finance
A robot that can solve Rubik’s cube and thread a needle just conducted an Italian orchestra
Italy, a country steeped in ancient tradition, has taken a stride forward in the twenty-first century race towards automation, becoming the first country to showcase a robot-conducted orchestra. YuMi, a dual-armed robot designed by ABB, accompanied Italian tenor Andrea Bocelli and conducted the Lucca Philharmonic Orchestra at a gala event in Pisa’s Teatro Verdi Tuesday […]
Read moreThe issue of Muslim marginalization in Myanmar has captivated the attention of Islamic State-inspired extremists, sparking fears the country could become fertile ground for transnational terror groups. For years, Buddhist-majority Myanmar has clashed with the Rohingya — an ethnic minority that is predominately Muslim. The conflict has recently escalated, with increased reports of violent attacks […]
Read moreFor months, the text messages came. Some were flirtatious, asking her to meet him late at night. Sometimes, the texts were sexually explicit. The messages were directed at Laura Munoz, an executive assistant at the online lending start-up Social Finance. The texts were from her boss, Mike Cagney, the company’s chief executive, according to five […]
Read moreSouth Korea said on Wednesday traces of radioactive xenon gas were confirmed to be from a North Korean nuclear test earlier this month, but it was unable to conclude whether the test had been for a hydrogen bomb as Pyongyang claimed. North Korea conducted its sixth nuclear test on Sept. 3, prompting the UN Security […]
Read more