European markets are seen opening lower on Friday morning, as investors awaited the U.S. Senate’s vote on tax reform legislation. The FTSE 100 is set to open 16 points lower at 7,313, while the DAX is expected to start down by 27 points at 13,028 and the CAC 40 is poised to open 13 points […]
Read moreADELAIDE, Australia — The state of South Australia announced on Friday that it had powered up the world’s biggest battery ahead of schedule: a feat already being heralded as one of this century’s first great engineering marvels and a potential solution to the country’s energy woes. The battery is the size of an American football […]
Read moreArtificial intelligence (AI) will play a “massive” role in healthcare, a technology entrepreneur told CNBC on Thursday. Naveen Jain, the founder of health technology firm Viome, said that there is a big wave of AI coming into the health sector. “This is a tsunami that’s coming,” Jain told CNBC in a TV interview from the […]
Read moreCryptocurrencies have a high chance of being worth trillions of dollars in the future, according to one top venture capitalist. Albert Wenger, partner at Union Square Ventures, a venture capital firm that has invested in several blockchain start-ups, said there is “irrational exuberance” in the cryptocurrency market, but in the long term, the value of […]
Read moreWhile the world watches North Korea test yet another missile in defiance of international sanctions and warnings, China continues to be a friend to Kim Jong Un’s regime. The relationship has prompted questions over how far Pyongyang would have to go before Beijing turned on its neighbor. After this week’s latest missile test, again over […]
Read moreBEIJING — “This is the empty bottle of my last North Korean beer. I sold it last night,” Cui Chengri lamented, speaking from his empty Beijing restaurant. “I need re-supply by tonight but I don’t know if there will be any.” The United Nations has slapped stronger sanctions on North Korea over the last year […]
Read moreThe Hwasong-15 missile that North Korea launched on Wednesday is a new type of intercontinental ballistic missile which can fly over 13,000 km (8,080 miles), a South Korean defense ministry spokesman told Reuters on Friday. Earlier this week, Pyongyang said it had test-fired its most advanced missile, putting the U.S. mainland within range, and in […]
Read moreA powerful quake of magnitude 6.3 struck southeastern Iran near the city of Kerman on Friday, the U.S. Geological Survey said. The quake, which was relatively shallow, was centered 31 miles (50 km) northeast of Kerman, which has a population of more than 821,000. A magnitude 6.3 quake is considered strong and is capable of […]
Read moreThe question keeps coming up: Do OPEC and Russia not see that their agreement to cut oil supply has allowed shale producers to grow their market share? Russian Energy Minister Alexander Novak, for his part, said Thursday that the increase in shale production was expected. And, had the group of oil producers not agreed to […]
Read moreA private survey that focuses on small and medium-sized firms in China showed that manufacturing activity picked up at a slower pace in November. The Caixin/Markit manufacturing Purchasing Managers’ Index came in at 50.8 for last month — the lowest level in five months, Caixin and IHS Markit said in a joint press release. Economists […]
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