Four of the world’s top central bankers promised on Tuesday to keep openly guiding investors about future policy moves as they slowly withdraw the huge monetary stimulus rolled out during the financial crisis. After pumping some $10 trillion into financial markets since the 2008 crisis — driving them many markets to record highs — the […]
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So, in September, IBM hosted a hackathon at one of its U.K. offices where teams of software engineers competed to design the best app for Emerson and his family. The winning team designed a dashboard in the form of an iPad mounted on Emerson’s wheelchair. The app would monitor the toddler’s body temperature, heart rate […]
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Continuous disruption is 'new normal' for oil and gas industry, Baker Hughes CEO says
Continuous disruption in the oil and gas industry should be viewed positively, Baker Hughes CEO Lorenzo Simonelli said Tuesday. Speaking at the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC), Simonelli said, “We have to look at disruption as being our friend.” “The new normal is continuous disruption, we need to take out all the inefficiency […]
Read moreApple is exploring a rear-facing 3-D sensor system for the iPhone to be released in 2019, Bloomberg reported on Tuesday citing people familiar with the matter. The technology would be different than the TrueDepth sensor that’s currently on the front of the iPhone X. The iPhone X’s system relies on a light technique that projects […]
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Janet Yellen admits the Fed could be confusing the public with its many voices
Federal Reserve Chair Janet Yellen said that one of the challenges for the central bank is the multiple members it has and how they communicate with the public. “This really is one of the challenges of our system,” Yellen told a European Central Bank panel in Frankfurt Tuesday. “We have a very large committee, 19 […]
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Decline in the pound will continue for three key reasons, economist Adam Posen warns
Sterling is likely to further weaken amid increasing political instability and sluggish Brexit negotiations, according to a leading economist. Adam Posen, president of the Peterson Institute for International Economics and a former member of the Bank of England’s monetary policy committee, told CNBC on Tuesday that a decline in the pound is to be expected. […]
Read moreTesco won provisional approval for its proposed £3.7 billion ($4.9 billion) takeover of wholesaler Booker from the UK competition regulator on Tuesday, moving Britain’s biggest retailer closer to securing a new avenue of growth. The Competition and Markets Authority (CMA) said, after conducting an in-depth review, that it had provisionally concluded that Tesco’s purchase of […]
Read moreProperty firm behind one of London’s most iconic sites says blockchain will 'absolutely' have a role
Blockchain technology will “absolutely” have a function in Landsec’s business, the CEO of the U.K.’s largest property firm told CNBC on Tuesday. Landsec is the developer behind some Britain’s biggest shopping malls and most iconic sites. For example, it owns the electronic advertising billboards in London’s Piccadilly Circus. The FTSE 100-listed firm deals with a […]
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OPEC may expand to include allied oil producers, UAE energy minister says
United Arab Emirates Minister for Energy Suhail al-Mazroui said Tuesday there is “definitely” an appetite for non-OPEC members to join the 14-member cartel. When asked whether the non-OPEC countries currently complying to the global supply cuts could eventually become official members of the cartel, al-Mazroui replied: “There is definitely a willingness and a wish to […]
Read moreGreece will distribute 1.4 billion euros as a social dividend to pensioners and others hit hard by the country’s austerity programmes, Prime Minister Alexis Tsipras said on Monday. The money is available because the country has beaten its 2017 bailout target for a primary surplus – which excludes debt servicing costs – of 1.75 percent […]
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