“Be bold,” says Padmasree Warrior, the CEO of driverless electric vehicle start-up NIO U.S. That’s one bit of advice she would give to young people just getting started in their careers. Before running the U.S. division of the global premium auto company aiming to compete in the same space as Elon Musk’s Tesla, Warrior was […]
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US shale production will see sharp growth slowdown in 2018, IHS says
U.S. shale production is expected to surge throughout the remainder of the year but investors should be prepared for nowhere near as much growth in 2018, according to Dan Yergin, vice chairman at IHS Markit. “We still see U.S. shale continuing to grow and being an important part of the supply but I think this […]
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Amid debt crises and raging protectionism, there’s still a country that badly wants to join the euro
The governor of the Croatian National Bank is confident that joining the euro zone’s single currency will be a good bet for a country that’s on a steady growth trajectory. Boris Vujcic told CNBC Tuesday said that joining the EU had given the country a much-needed boon in the aftermath of the European debt crisis […]
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Incoming EU banking regulations are a ‘headache for everyone’, RBS fintech advisor says
New banking regulations involving customer data sharing and data protection are a “headache for everyone”, according to a fintech advisor at the Royal Bank of Scotland. Alan Lockhart, head of open banking and fintech solutions at RBS said banks are slow to respond and would have to play catch up with the fintech industry due […]
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HSBC CEO confirms possible 'hard' Brexit plan to move 1,000 jobs to Paris
HSBC Chief Executive Stuart Gulliver confirmed on Tuesday possible plans to move 1,000 jobs from Britain to Paris in case of a so-called ‘hard’ Brexit, and said recent reforms from the French government would be positive, if enacted. “There is about 1,000 jobs out of 43,000 that are employed in the UK that will be […]
Read moreFinancial technology (fintech) has felt the impact of Brexit, the election of President Donald Trump and a perceived direction towards protectionism, Western Union’s partnerships lead has said. Christina Hamilton, head of partnerships and international expansion at the global payments and transfers company, said that protectionism and a populist surge against globalization was a serious concern […]
Read moreOil prices could soon fall below $40 a barrel if investors don’t get a clear catalyst that prompts them to start buying the commodity, Goldman Sachs said on Tuesday. The investment bank believes oil prices will not rally until traders see at least one of two things: further intervention from OPEC or a consistent drop […]
Read moreTaxi app Uber said it will be improving an offer to drivers and would welcome greater legal clarity about different types of employment in Britain, in response to a government review into the gig economy published on Tuesday. The review calls for a new category of worker called a “dependent contractor” meaning that those Britons […]
Read moreJapan’s Toyota has just announced itself on the Israeli start-up scene, confirming on Tuesday that it has led an early-stage funding round in Israel’s Intuition Robotics. Toyota Research Institute, TRI, the automaker’s initiative in artificial intelligence, autonomous driving and home robotics, has a treasure chest of $1 billion and says it has led a $14 […]
Read moreA daily morning look at the financial stories you need to know to start the day. STOCKS/ECONOMY -Stock futures are down after Monday’s mixed close. OIL/ENERGY -U.S. crude prices are down 1 percent and back to the $43 a barrel level after Monday’s rally. TERROR/DEFENSE -South Korea’s intelligence agency says North Korea still cannot make […]
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