Billionaire Elon Musk said Facebook Chief Executive Mark Zuckerberg’s understanding of the future of artificial intelligence (AI) is “limited”, as the spat between the two tech bosses continues. On Sunday, Zuckerberg took to Facebook Live talking informally to viewers while at a barbecue. A user submitted a question saying how they had seen a recent […]
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German business confidence reaches its highest level since country's reunification
German business confidence unexpectedly rose in July, a survey showed on Tuesday, hitting the third record high in as many months as Europe’s largest economy powered ahead and morale lifted across industry. The Munich-based Ifo economic institute said its business climate index, based on a monthly survey of some 7,000 firms, rose to 116.0 from […]
Read moreA massive private Chinese conglomerate pulled an unusual move on Monday, revealing its ownership structure after striking multi-billion dollar deals that have raised questions about corporate governance, strategic motivations, financial health and who exactly is calling the shots. HNA had its start as a small airline, and has now evolved into a giant, global conglomerate […]
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Op-Ed: UK leadership battle could leave an awe-inspiring choice for a post-May prime minister
Entire libraries are replete with lengthy tomes that attempt to define the essence and significance of political leadership through the ages; whether it is innate or earned, the power it can wield for better or worse, and the varying role that it plays in diversely governed societies across the globe. But as we approach the […]
Read moreNasdaq acquired a London-based regulatory technology firm Sybenetix which uses algorithms to catch rogue traders, the company said on Tuesday. The stock exchange said it is paying an undisclosed amount and intends to fund the purchase with cash. “Nasdaq is investing in the technologies, talent and capabilities that solve the complex challenges our clients face,” […]
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Iran already has a lot of problems, and the next one could be a banking crisis
Nothing is easy for Iran’s economy these days, and things could soon get even tougher. The U.S. House of Representatives is expected to pass a bill Tuesday to put new sanctions on Russia, North Korea — and Iran. A Senate version passed overwhelmingly last month. Iran is being targeted for its activities in Syria, its […]
Read moreMicrosoft is not killing off its Paint app in the next update of Windows 10, the company said late on Monday, after fears that the iconic software could be ditched. The U.S. technology company recently released a list which labeled Paint “deprecated”, meaning it was considering removing the app when the Windows 10 Fall Creators […]
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Akzo Nobel second-quarter profit misses forecasts, chairman to resign
Dutch paintmaker Akzo Nobel, grappling with the consequences of rebuffing a 26.3 billion euro ($30.63 billion) takeover bid by U.S. rival PPG Industries, on Tuesday announced earnings below market expectations and said Chairman Antony Burgmans will resign at the end of his term in April 2018. Akzo said its core profit in the second quarter […]
Read moreThings are looking up for Malaysia, with more foreign investors cashing in on the country’s improving economy and strengthening currency, market participants told CNBC on Tuesday. The Malaysian ringgit has been one of the best-performing currencies in the region this year, while domestic stocks have gained around 8 percent. In fact, the country’s brightening prospects […]
Read moreJapanese tech titan SoftBank has approached Uber about taking a multi-billion dollar stake in the ride-sharing company, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. SoftBank has already invested in three ride-sharing companies in Asia: GrabTaxi in Singapore, Ola in India and Didi Chuxing Technology in China, the report noted. […]
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