In China, investors are committing a lot of capital right now to a new twist on an old form of transportation: the bicycle. Specifically, bike-sharing start-ups in China are enjoying surging growth with a simple concept: Users download an app on their smartphones, which allows them to locate and unlock a nearby bike. It’s a […]
Read moreNetflix‘s subscriber growth in the United States is nearly saturated, but the streaming company has great potential for international growth, internet analyst Anthony DiClemente told CNBC on Tuesday. A day after Netflix reported it added 5.2 million total memberships in the second quarter, its shares were up more than 9 percent in premarket, trading at […]
Read moreThe Greek government seems ready to tap the bond markets again as early as next week, a source close to the situation told CNBC on Tuesday, which would mark the first time since 2014 that the country has borrowed from the capital markets. Athens’ return is important to show that the reforms under the current […]
Read moreAirbus says it has successfully tested a new type of jet propelled aircraft that could speed the development of unmanned flight. The European aerospace firm said the unmanned, jet-propelled craft flew by itself for around seven minutes over a test site in Overberg, South Africa. “We are increasingly shifting our focus towards these kinds of […]
Read moreThe U.K. has fallen out of favor as an emigration destination for China’s wealthy, according to a new report which pips Canada in front. The U.S. remains the preferred destination for Chinese millionaires considering a move overseas, but for the first time Britain has fallen behind Canada, the 2017 study by China’s Hurun Research and […]
Read moreFintech startups have raised a record $1.27 billion by selling bitcoin and other cryptocurrencies through initial coin offerings (ICOs), the initial public offerings (IPOs) of the digital world, a report has found. Funds raised by ICOs far outstripped venture capital investment in startup companies, according to the report by equity and research firm Autonomous. It […]
Read moreI’m sorry to inform you that perhaps some robots are taking this whole “be more human” thing a bit too far. I’ve seen people make jokes about jumping into a river or out of a window when they feel distressed, but one DC-based security robot appears to have interpreted this on a literal level. TWEET […]
Read moreChina’s investors and markets are becoming increasingly important to Israel’s economy, and in particular to its booming high-tech industry. The first IPO (initial public offering) of an Israeli high-tech company on a Chinese stock exchange, Hong Kong, is expected within the year and Chinese investments in Israeli high-tech venture capital approached $1 billion in 2016, […]
Read moreCurrency, United States Finance
UK inflation surprises with June slowdown, easing pressure on Bank of England
British inflation unexpectedly slowed for the first time since October last month, adding to the likelihood that the Bank of England will keep interest rates at a record low in August. Consumer prices rose by 2.6 percent compared with a year earlier, the Office for National Statistics said on Tuesday, down from a nearly four-year […]
Read moreRussia has threatened to take retaliatory measures against the United States after diplomatic talks collapsed over the seizure of two mansions. U.S. and Russian officials met on Monday to reach an agreement over sanctions imposed by the Obama administration over alleged Russian hacking in the 2016 presidential campaign. However, the Russian foreign ministry said Tuesday […]
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