As the impact of the Brexit vote led to a pronounced weakening in economic activity, the UK economy shrank last month, claimed one of Britain’s leading economic thinktanks. The gross domestic product contracted by 0.2% in July, estimated the National… Read More ›
Day: August 10, 2016
Market Abuzz with Expectations from September OPEC Meeting
Oil prices have been driven higher and shorts in the futures market have been squeezed out with just the whiff of an OPEC meeting and this has in turn made it more unlikely that any action would be taken by… Read More ›
Pentagon approves sales of $1.15 billion of tanks, armour & equipment to Saudi Arabia
General Dynamics will be the principal contractor for the sale. The Pentagon has disclosed that the U.S. State Department has approved the potential sale of more than 20 armoured recovery vehicles, 130 Abrams battle tanks, and other equipment to Saudi… Read More ›
Intel acquires Nervana Systems
The acquisition will help Intel bolster the deep learning performance of its Xeon chipset. Intel has disclosed its intentions of acquiring Nervana Systems, a San Diego, California based company that specializes in artificial intelligence. The acquisition will bolster Intel’s deep… Read More ›
28 companies urge the U.S. Justice Department to oversee VW $2 billion settlement
The $2 billion dollar is seen as a “game changer” by electric vehicle charging companies thus they wants its usage overseen by an independent regulator. As part of the penalties imposed on Volkswagen wherein it will have to spend $2… Read More ›