Author Archives
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Alarming SUV Boom in China and the Consequences
The Chinese government hopes to boost the number of clean vehicles on the road 10-fold by the end of the decade through the spending billions on research grants, steep subsidies and new infrastructure — such as charging stations — to… Read More ›
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U.S. Supreme Court Rejects Challenge to Google Book-Scanning Project
A challenge filed in the US Supreme Court by authors who contend that Google’s massive effort to scan millions of books for an online library violates copyright law was turned down by e court on Monday as it declined to… Read More ›
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CEO Dudley’s Pay Rise Voted against by BP Shareholders
Controversy over BP CEO Bob Dudley’s pay package amid falling profits and job losses at the oil major saw a barrage of complaints from its shareholders on Thursday. Its worst ever results reported in 20 years, the London-listed company reported… Read More ›
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Plans to Deal ‘hammer blow’ to Tax Evasion by UK and European Allies
In a direct response to the Panama Papers leak that exposed how the world’s richest and most powerful people hide their wealth from tax authorities, Britain and its European allies have announced new rules designed to be a “hammer blow”… Read More ›
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Wild Markets and Tame Gains seen by Goldman Asset $15 Billion Manager
Bouts of volatility will continue as nervous investors dump shares at even the slightest hint of bad news, says Suneil Mahindru the chief investment officer for international equities at Goldman Sachs Asset Management, who oversees about $15 billion. As low… Read More ›
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Google Raided by Facebook to Get Head for New Lab
Poaching the former director of the US research agency DARPA to lead a new research and development lab focused on large technological leaps, Facebook has hired Regina Dugan from Google. The new unit called Building 8 will create products to… Read More ›
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Warning of Stagnation Risk Issued by IMF as it Cuts Global Growth Forecast
Citing reasons of China’s slowdown, persistently low oil prices and chronic weakness in advanced economies, the International Monetary Fund cut its global growth forecast for the fourth time in the past year on Tuesday. The global economy would grow at… Read More ›
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Veil on Arms Program of Secretive North Korea Lifted as it Declassifies Information
Showcasing its push to develop long-range nuclear missiles despite international sanctions, secretive North Korea is revealing details of its weapons development program for the first time ahead of a rare ruling party Congress next month. With foreign governments and experts… Read More ›
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Allianz Global CEO Identifies ‘Brexit’ as the Biggest Risk Facing Europe
The greatest risk facing the region is the U.K. referendum on its membership of the European Union, says the vice-chair of financial services firm Allianz Global Investors, reported CNBC. Regardless of the outcome of the vote on June 23, it… Read More ›
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Panama Papers Leak has Left Europe Reeling
While may be just a handful was aware of the Panamanian law firm Mossack Fonseca before the weekend fewer perhaps considered Panama a key global financial center. However the world’s financial and political leaders have been rocked by disclosures of… Read More ›
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