Author Archives
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Survey Finds Companies Unprepared for New Data Protection Regulations
According to a survey from cybersecurity firm Symantec, many companies are unprepared for new European regulations that will require higher standards of data protection. Firms would be required to clear accountability so that firms may be held accountable if they… Read More ›
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Recession Warning by Bank of America Amid a Scary Market
A top market watcher believes that a chilling trend in the market could wreak havoc on your portfolio. “We are seven years into a full-fledged, all out, central bankers doing everything they can to stimulate demand,” Bank of America-Merrill Lynch’s… Read More ›
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Virtual Reality Shoppers can Pay by Nodding, Thanks to Alibaba’s New Payment System
Virtual reality shoppers would be able to pay for things in future just by nodding their heads. A payment service that will allow this was unveiled and demonstrated by Alibaba Group Holdings’ finance arm on Wednesday. A part of Alibaba’s… Read More ›
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$600 Billion in Bad Debts could be Caused by China Property Bubble
China Property Bubble has been an issue for analysts. Any collapse in China’s red-hot property market is being put a price tag with respect to what it could cost banks, by China watchers. According to DBS Vickers Hong Kong Ltd.,… Read More ›
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100 Boeing Jets Worth as Much as $18.6 Billion Ordered by Qatar Air
Gulf carrier Qatar Airways and Boeing said that the former signed a letter of intent for up to 60 narrowbody 737 MAX 8 jets worth $6.9 billion and ordered 40 Boeing Co widebody jets valued at $11.7 billion. In a… Read More ›
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As Chip Surge Eases Smartphone Recall Blues, Samsung Sees Third Quarter Profit Jump
As a pickup in chip and display earnings likely offset the impact of a global smartphone recall that has roiled the tech giant, South Korea’s Samsung Electronics Co expects third-quarter profit grew 5.6 percent, beating estimates. Compared with the 7.4… Read More ›
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Wireless Data Plans for Drones to be Sold by Verizon
A data plan for their drones would soon be available for companies. Working with drone makers to connect the flying vehicles to Verizon’s wireless network would soon be started by Verizon Communications Inc., the company said. The company officials said… Read More ›
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Special U.K. Access to EU Single Market Doubted by Merkel
Claiming that allowing exemptions to EU rules on migration would lead to a free-for-all across the bloc, German Chancellor Angela Merkel signaled a growing reluctance to grant any special trade relations to the U.K. once it leaves the European Union…. Read More ›
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IMF Warns of Ballooning Global Debt Reaching a All-time High of $152 Trillion
Sitting at more than double the balance at the start of this century, the world is awash with $152 trillion dollars of debt which is at an all-time high, according to the IMF. This debt mountain signifies the extent to which increases in borrowing have… Read More ›
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Saying ‘This Can’t Go On Anymore’, May Takes Swipe at Business
“Elites” and business leaders in the UK should end abusive work practices and pay their taxes because “change has got to come” to Britain. This was the message from the British Prime Minister Theresa May as she took a swipe… Read More ›
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