The European Central Bank published a report for the first time on Monday of its corporate bond purchases, as it comes under pressure to taper its buying program. “When the ECB buys bonds in the primary market it is essentially taking the place of some other investor who would have bought the bonds but cannot […]
Read moreBMW’s biggest plant in the world is about to get a little bigger. The German automaker said Monday it will add another 1,000 jobs and invest $600 million in the plant as part of a plan to boost annual production to as many 450,000 vehicles annually. “It’s a great day for us here in Spartanburg […]
Read moreApple has often been accused of acting like it invented things that others have been doing for years. That complaint is not without merit, however Apple can lay claim to transforming existing things into mainstream successes, which takes no small amount of invention in its own right. Fingerprint authentication and contactless payments are just two […]
Read moreShares in Nestlé rose more than 4 per cent on Monday morning after the Swiss consumer group became latest target of US activist investor Daniel Loeb. Mr Loeb’s Third Point has taken an investment position of roughly 40m shares, or 1.3 per cent, in the company, and has begun “productive conversations” with management, the US-based […]
Read moreA new whitepaper from Innovate Finance’s Transatlantic Policy Working Group (TPWG) has recommended that regulators in the U.S. do more to encourage financial technology (fintech) innovation in the regulatory field (regtech) by liaising with their international counterparts more and adopting a national policy that conforms with global norms. The TPWG was formed earlier in the […]
Read moreAmazon‘s cloud computing division has been working on a translation service that developers could use to make their websites and apps available in multiple languages, CNBC has learned. Amazon already has machine-translation technology that it uses across the company to do things like provide product information in multiple languages. Now, the company is preparing to […]
Read moreBritain’s Prince Harry has revealed he once considered relinquishing his royal title in order to have the chance of leading an “ordinary life”. “I felt I wanted out but then decided to stay in and work out a role for myself,” the prince – who is fifth in line to the throne – said during […]
Read moreAirlines may soon ditch their in-flight entertainment systems as new networks allow passengers improved access to the internet, according to the telecommunications satellite firm, Inmarsat. This week sees the launch of the company’s European Aviation Network (EAN) satellite, which the firm says will deliver 100 of megabits per second to devices such as tablet and […]
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Bitcoin rival ethereum dropped Monday despite a major exchange’s efforts to shore up confidence by announcing a credit for customers who lost money during last week’s flash crash. Ethereum, also known as ether, traded 11 percent lower Monday morning, near $268, according to CoinDesk. Last Wednesday, ethereum briefly plunged in a flash crash from above […]
Read moreAlibaba’s payment app Alipay unveiled the latest step in its global expansion strategy Monday. The platform is to launch in South Africa with the intention of servicing Chinese tourists. Rita Liu, head of Alipay EMEA, told CNBC’s Street Signs that the firm would work with tour bus operator City Sightseeing, facilitated by its partner ACI […]
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