Author Archives
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Monte Paschi Fraud Case Sees Deutsche Bank Woes Deepening
Accusations that it was running an international criminal organization at the time must be faced by Deutsche Bank AG, on trial in Milan for allegedly helping Banaca Monte dei Siena SpA conceal losses. The circumstances were aggravated to the charges the German… Read More ›
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Only $50,000 Worth Of Bitcoin Made By Hackers Who Infected 200,000 Machines
Despite the large scale of the attack, an industry source told the media that hackers who locked files on 200,000 computers globally and asked for a bitcoin ransom payment to unlock them, have only made around $50,000. Machines across 150 countries were… Read More ›
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This Is Why The Indian Market Is Being Attempted To Be Cracked By Many US Start-Ups
The Indian market came to Houzz, which is based in Palo Alto, California and is an online home renovation and design giant, and the company didn’t start out with a plan to enter the Indian market. A million customers and… Read More ›
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US Natural Gas Exports To China Face Obstacles Despite Trump Trade Deal
Limited benefits from the U.S. deal with Beijing to open Chinese markets to U.S. natural gas would be available for American drillers and natural gas exporters. Long-term contracts to purchase liquefied natural gas from American suppliers can now be negotiated… Read More ›
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EU Wants To Talk US Out Of Banning Laptops From The Cabins Of Transatlantic Flights On Urgent Basis
Alarmed at a proposed expansion of the U.S. ban on in-flight laptops and tablets to include planes from the EU, European governments held urgent talks with the U.S. Department of Homeland Security. Since as many as 65 million people fly… Read More ›
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As U.S. Welcome Wanes, China’s Tech Money Heads For Israel
Chinese companies looking to invest in promising technology are finding a warmer welcome for their cash in Israel as they are struggling to seal deals in the United States as regulatory scrutiny tightens. The quarry for Chinese firms has become… Read More ›
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Under The 100-Day Plan, U.S. And China Agree To First Trade Steps
Among other steps as part of Washington’s drive to cut its trade deficit with Beijing, the United States and China have agreed to take action by mid-July to increase access for U.S. financial firms and expand trade in beef and… Read More ›
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With $84 Billion Spree, Shale Drillers Are Outspending The World
In order to harvest fields that register fat profits even with the recent drop in oil prices, U.S. shale explorers are boosting drilling budgets 10 times faster than the rest of the world. According to analysts at Barclay’s Plc., compared with just… Read More ›
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To Fend Off Populist Threat, EU Wants Tougher Global Trade Rules
In a fresh effort to fend off the inequalities of globalisation that have been seized on by hard-right nationalists such as Marine Le Pen of France, Europe will press the US and China for tougher world trade rules. The European Commission called… Read More ›
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Warding Off Screw Tops And Plastic, Fight Back On By The Once Tainted Cork Industry Of Portugal
Shares in Corticeira Amorim, the world’s largest cork producer, didn’t look like a great bet even a decade ago. Screw tops and plastic stoppers were the cheaper products that were being flirted with by its biggest customer, the wine industry,… Read More ›
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