Billionaire Elon Musk has a unique proposition for saving the boys’ soccer team trapped in a Thai cave. The Tesla chief executive on Sunday shared a video via Twitter, demonstrating a “tiny, kid-size submarine” being used to transport a person across a pool. The vessel’s structure was made from the liquid oxygen transfer tube of […]
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China is on a charm offensive in Europe after Trump's tariffs on Beijing
China is looking to the European Union as its new best friend amid trade frictions with the United States. Prime Minister Li Keqiang met eastern and central European leaders in Sofia, Bulgaria, on Saturday, and vowed to open up China’s economy to the wider world. Keqiang is also meeting German Chancellor Angela Merkel on Monday […]
Read moreThe 10-year U.S. Treasury note that debuted in August 2016 when the bond market was near its peak has had a rough ride, its price falling ever since and no reprieve in sight. Welcome to the new U.S. Treasury market, where 75 percent of existing government bonds are now trading below par. Despite high demand […]
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The UK’s Brexit secretary just walked away from the job. Here’s what that means
The resignation of a key driver of the U.K.’s Brexit process is a blow for British Prime Minister Theresa May, but analysts believe she can survive the departure. Brexit Secretary David Davis resigned Sunday evening, objecting to May’s withdrawal plan that seeks to maintain close economic ties with the European Union (EU), rather than a […]
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SocGen chairman calls on regulators to help strengthen Europe’s banks
The chairman of Societe Generale said Europe‘s banking space should follow in the footsteps of the U.S.’s, calling on regulators to facilitate more consolidation in the region. Speaking to CNBC over the weekend, Lorenzo Bini Smaghi said that European banks need to become more concentrated, so they can compete with American lenders. “In general if […]
Read moreChinese internet giant Tencent said it plans to spin off its streaming music service on a U.S. stock exchange. In a statement issued on Sunday through the Hong Kong stock exchange, Tencent said the terms of the proposed spin-off, including offering size, price range and other details have not been finalized. The company added that […]
Read moreEuropean equities are expected to start the trading day higher as investors monitor developments on trade and react to news that the U.K.’s chief Brexit negotiator has resigned from his post. The FTSE 100 is seen up by 48 points at 7,653; the DAX is set to open higher by 64 points at 12,552; and […]
Read moreShares of Chinese smartphone maker Xiaomi opened for trade down more than 2 percent on their debut in Hong Kong on Monday, following a disappointing pricing and a listing delay in mainland China. Xiaomi shares opened down at 16.60 Hong Kong dollars ($2.12) a share, according to Dow Jones, below the initial public offering price […]
Read moreAsian shares were set for gains on Monday, taking cues from Wall Street’s advance following the release of strong employment data for the month of June. Meanwhile, trade remained a closely watched area for investors after the U.S. and China exchanged tariffs last week. Futures tipped higher opens for Japan and Australia on the first […]
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You don’t need an expensive camera to take great photos — the phone in your pocket is better than you think, especially on top-of-the-line phones like the Samsung Galaxy S9 and the iPhone X. When used correctly, phones can produce images that hold up against more professional equipment. Shooting on a smartphone also comes with […]
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