ASTANA in Kazakhstan is one of the world’s most remote capitals, surrounded by thousands of kilometres of empty steppe. This summer Astana attempted to launch itself onto the global stage by hosting the World Expo, which closed on September 10th and underwhelmed many attendees. But there are other ways to have an impact. On the city’s […]
Read moreWHEN it comes to liquefied natural gas (LNG), the supermajors have supersized appetites. The likes of Royal Dutch Shell, ExxonMobil and BP make discoveries described as “elephants”; their cost overruns alone can run into the tens of billions of dollars; and projects take the best part of a decade to complete. For years, the industry […]
Read more“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 moreThe next-generation 5G network will “usher in what I think is the fourth industrial revolution in this country,” Verizon CEO and chairman Lowell McAdam said on CNBC’s “Squawk on the Street” on Thursday. McAdam was a speaker at the Goldman Sachs 26th Annual Communacopia Conference in New York on Thursday. He said the company the […]
Read moreThe Federal Trade Commission said Thursday it is investigating the data breach at Equifax that exposed the personal information of 143 million people. News of the investigation sent Equifax’s stock sinking. “The FTC typically does not comment on open investigations,” agency spokesman Peter Kaplan said. “However in light of the intense public interest and the […]
Read moreCNBC’s Jim Cramer said Thursday that Equifax Chief Executive Richard Smith “should be fired today” after the fallout from the credit reporting agency’s massive data breach. “I think the board is unbelievable. What does it take to get fired in this country?” Cramer said on “Squawk on the Street.” “I mean, this was — you […]
Read moreJPMorgan becomes just seventh bank to cover Buffett's Berkshire Hathaway, calling it a screaming buy
If there is anyone out there who doesn’t need affirmation from Wall Street analysts, it’s the 87-year-old investing icon Warren Buffett. But JPMorgan gave it to the “Oracle of Omaha” anyway Thursday, initiating coverage on Berkshire Hathaway, the conglomerate he’s run for five decades, with an overweight rating. Despite Berkshire being the sixth-largest company in […]
Read moreCall it the next Warby Parker to hit the market, but for shoes. Allbirds has already won over Silicon Valley, where the business is based, with its wool sneakers spotted on the feet of Google co-founder Larry Page, Twitter Chief Dick Costolo and venture capitalists Ben Horowitz and Mary Meeker, to name a few. And […]
Read moreApple’s new iPhone X has a spectacular edge-to-edge display that dominates the entire front of the device. Well, nearly the entire front. Unlike Xiaomi’s Mi Mix 2, Samsung’s Galaxy S8, and LG’s V30, Apple hasn’t kept the iPhone X top bezel intact; and compared to the Essential Phone, its camera array is much, much more […]
Read moreIndia’s billion plus customers are in the sights of internet giant Google who are reportedly set to release a mobile payment service in the country. Digital payment platforms can earn money in a number of ways as operators skim percentages from transactions costs, charge to advertise seller products or earn interest on cash held in […]
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