President Donald Trump and his team are not as well organized as the European Union, the president of the European Commission said in an interview with Politico. When asked about the recent events in the White House, Jean-Claude Juncker said that “it’s stunning” how Anthony Scaramucci was fired as communications director after 10 days in […]
Read moreAs Beijing’s sweltering summer rolls into August, China’s political elite usually retreats seaside to deliberate the hottest topic of all: the future of the ruling Communist Party. The highly secretive confab is in Beidaihe, a beach resort roughly 175 miles east of Beijing along the Bohai Sea, and it’s an annual ritual from the days […]
Read moreMicrosoft is testing a Windows 10 feature that allows people to control features of the operating system with their eyes. Eye Control is aimed at “empowering people with disabilities to operate an on-screen mouse, keyboard, and text-to-speech experience using only their eyes,” Microsoft said in a blog post on Wednesday. Users require eye tracking hardware […]
Read more“Bitcoin cash,” the cryptocurrency created as a result of a split in the bitcoin blockchain, may not have long-term potential, industry insiders told CNBC, but a key event down the road could give it more backing. To recap, the underlying bitcoin technology known as the blockchain underwent a “fork”, meaning it split to create a […]
Read moreTesla is continuing to see demand for its first mass market car, the Model 3, with an average of 1,800 new orders a day. But on its quarterly earnings call, CEO Elon Musk revealed about 63,000 people have cancelled their Model 3 pre-orders. The number of orders went from approximately 518,000 to 455,000, Musk said. […]
Read moreGerman luxury automaker BMW AG says net profit rose 14 percent in the second quarter as earnings were boosted by the new version of the 5-Series sedan. Profit rose to 2.21 billion euros ($2.60 billion) in the April-June period from 1.95 billion euros a year earlier. CEO Harald Krueger said Thursday strong earnings would ensure […]
Read moreCredit Agricole reported a sharp rise in its core capital ratio to 12.4 percent, as the bank took advantage of higher profits and a sale of a stake in investment company Eurazeo to beef up its financial position. An improving economic activity in its core European markets, such as France and Italy, coupled with a […]
Read moreItaly’s largest bank by assets, UniCredit, posted a stronger-than-expected net profit in the second quarter of the year thanks to lower costs and a drop in loan-loss charges. Net profit came in at 945 million euros, well above a consensus forecast of 676 million euros distributed by the bank and also helped by a positive […]
Read moreGerman industrial group Siemens plans an initial public offering of its healthcare unit, expected to value the business at up to 40 billion euros ($47 billion), in the first half of 2018, it said in a statement on Thursday. The trains-to-turbines group wants Healthineers to have its own currency for acquisitions and investments as the […]
Read moreJapanese Prime Minister Shinzo Abe has chosen his new cabinet, reappointing key economic ministers but replacing his defense and foreign ministers in a sweeping reshuffle, the top government spokesman said on Thursday. Abe re-appointed Taro Aso as finance minister, top government spokesman Yoshihide Suga, who will also remain in his job, told a news conference. […]
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