BROWSING websites that list sperm donors is weirdly similar to online dating. “Sanford is the total package,” begins one online ad, describing his strong jawline and piercing blue eyes. With a degree in finance and a “charming demeanour”, he is more than a pretty face. You can listen to a voice recording from Sanford himself. […]
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“A DEFINING moment for the auto industry.” That is how usually restrained analysts at Sanford C. Bernstein, a research firm, described the news that China’s government wants to move towards a ban on gas guzzlers. On September 9th, Xin Guobin, vice minister of industry and information technology, told an automotive conference in Tianjin, a grimy […]
Read moreU.S. consumer prices accelerated in August amid a jump in the cost of gasoline and rents, signs of firming inflation that could allow further monetary policy tightening from the Federal Reserve this year. The Labor Department said on Thursday its Consumer Price index rose 0.4 percent last month after edging up 0.1 percent in July. […]
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Mercedes-Benz owner Daimler has invested millions in an Israeli start-up whose battery technology can charge electric vehicles in a matter of minutes. Tel-Aviv-based StoreDot announced Wednesday that the trucking arm of the German automotive giant had led a $60 million funding round, and would partner with the firm to adopt its FlashBattery technology. The company […]
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Saudi Aramco’s planned initial public offering remains on track, the company said on Thursday, after Bloomberg reported that the oil company is preparing contingency plans for a possible delay by a few months into 2019. Saudi authorities are aiming to list up to 5 percent of the world’s largest oil producer on both the Saudi […]
Read moreGermany’s Munich Re warned it could miss its profit target this year, the first major reinsurer to flag a hit to earnings from damage caused by hurricanes Harvey and Irma. “These two events are expected to result in high insured losses, which the market and Munich Re are unable to quantify at the moment,” it […]
Read moreSwitzerland’s central bank tweaked its long-held language about the “significant overvaluation” of the Swiss franc on Thursday as it kept other parts of its ultra-expansive monetary policy on hold. The Swiss National Bank acknowledged the weakening of the franc against the euro in recent weeks, which it said “is helping to reduce, to some extent, […]
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The Bank of England held interest rates steady Thursday but said that a hike is likely to be needed in the “coming months.” The Monetary Policy Committee (MPC) voted by a majority of 7-2 to keep rates at a record low 0.25 percent but noted that a strengthening economy and inflationary pressures could prompt them […]
Read moreOne man’s loss is another man’s gain, as the saying goes, and so it seems to be the case for Brexit. As Britain prepares to suffer an outflow of jobs from its capital over the coming years, Europe, and one city in particular, looks set to reap the benefits: Frankfurt. Already a thriving financial hub, […]
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As Russian troops take part in what may be the largest military exercise since the Cold War, NATO has called on Moscow to be more “transparent” about its exercises. The Zapad 2017 military exercise is held on the border with Poland, Lithuania and Belarus. The main purpose is to stimulate defense and counterattack in case […]
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