Retailing is dead. Sales clerks are losing their jobs by the thousands. The employment picture for young people with only a high school education is going to get even worse. And all this is happening because of Amazon and its ilk, which are driving the shift among consumers toward e-commerce. We’ve heard this story over […]
Read morePresident Donald Trump will come to Britain on a state visit next year, Sky News quoted senior government sources as saying on Tuesday, quashing expectations that U.S. leader would make the trip this year. Prime Minister Theresa May invited the U.S. president to Britain in January during their first meeting in January, when the two […]
Read moreThe 32-year-old chief executive of defunct Mt. Gox pleaded not guilty on Tuesday to charges relating to the loss of hundreds of millions of dollars worth of bitcoins and cash from what was once the world’s biggest bitcoin exchange. French national Mark Karpeles filed the plea in response to charges of embezzlement and data manipulation […]
Read moreCoffee drinkers are waking up to some good news Tuesday after new research suggests that a cup of joe a day could keep the doctor away. Two new studies claim to have found a direct correlation between coffee drinking and a reduced risk of suffering from a host of killers, including heart disease, stroke and […]
Read moreSingapore state-owned investment company Temasek reported Tuesday that its portfolio rose to a record 275 billion Singapore dollars (about $198.6 billion) — up 13 percent year-over-year in local terms — for the year ended March 31. For the longer term 10-year and 20-year total shareholder return (TSR), one of Temasek’s key metrics for itself, the […]
Read moreAmerican technology companies are bringing automation and robotics to the age-old task of battling mosquitoes in a bid to halt the spread of Zika and other mosquito-borne maladies worldwide. Firms including Microsoft Corp and California life sciences company Verily are forming partnerships with public health officials in several U.S. states to test new high-tech tools. […]
Read moreIsraeli pension funds are expected to get a waiver that will allow them to invest in four new high-tech funds for which the government issued new tenders this week. The new mutual funds, issued on Sunday and meant for both private and institutional investors, are to be traded on the Tel Aviv Stock Exchange, TASE. […]
Read moreCryptocurrencies need to be regulated or they risk going out of control as more people invest in these digital assets, the head of a major Chinese bitcoin exchange platform warned on Tuesday. Bitcoin and ethereum, two popular cryptocurrencies, have seen rapid price swings in recent months. In May, a 19 percent price fall for bitcoin […]
Read moreSouth Korea‘s intelligence agency does not believe North Korea has secured re-entry capabilities for its intercontinental ballistic missile (ICBM) program, a South Korean lawmaker said on Tuesday, disputing Pyongyang’s account. North Korea launched what was said to be a nuclear-capable ICBM last week as it presses on with its nuclear and missile programs in defiance […]
Read moreSingapore-based private equity firm Quadria Capital is growing in Vietnam and expanding its holdings in Singapore as it looks to grow its influence in Asia’s trillion-dollar health care space. “Health care is going through a huge amount of change,” Abrar Mir, Quadria Capital co-founder and managing partner, told CNBC’s “The Rundown.” “Total health care spending […]
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