Author Archives
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Serious Discussion of Rate Hike This Month Urged by Fed’s Lockhart
Despite the revelation of some recent disappointing economic indicators, the call for a “serious discussion” about raising interest rates at the U.S. central bank’s meeting later this month was repeated by Federal Reserve Bank of Atlanta President Dennis Lockhart. “Notwithstanding… Read More ›
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Google’s DeepMind Achieves Speech-Generation Breakthrough
A system for machine-generated speech that it says outperforms existing technology by 50 percent has been created by Google’s DeepMind unit, which is working to develop super-intelligent computers. An artificial intelligence called WaveNet that can mimic human speech by learning… Read More ›
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Mastercard sued for $19 billion in Britain’s biggest damages claim
According to court documents filed in London, a legal case brought against Mastercard demanding 14 billion pounds ($19 billion) in damages for allegedly charging excessive fees could potentially benefit some 46 million people in Britain. When shoppers swiped their debit… Read More ›
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Danger of Donating to Trump-Pence Ticket Alert Sounded on Wall Street
Donating to the Trump-Pence ticket may be more trouble than it’s worth – this seems to be the new memo for Wall Street. After Credit Suisse Group AG and Northern Trust Corp., it was the turn of Goldman Sachs Group… Read More ›
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Cost Cuts by China’s Biggest Banks Results in Departure of Tens of Thousands of Jobs
The possibility that employment has peaked at the firms that are the world’s biggest providers of banking jobs was highlighted when China’s four biggest banks reported that staff numbers fell by the most in at least six years in the first… Read More ›
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$20 Billion of Projects May be Cancelled by Saudi Arabia due to Cost-Cutting Drive
With the aim of repairing finances squeezed by low oil prices, projects worth more than $20 billion is planned to be cancelled and ministry budgets by a quarter are to be slashed by Saudi Arabia, reported Bloomberg citing people familiar with… Read More ›
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Rising Demand from Developing Economies, Oberthur Fiduciaire Confident in the Future of Global Banknote Market
Since the private players provide sophisticated anti-counterfeiting technologies like watermarks and security strips, most countries around the world have outsourced banknote printing to private companies. French worldwide company Oberthur Fiduciaire, which stands in the first row of global security printers,… Read More ›
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Millennials can Forget Sefie, Virtual Realty ‘Surroundie’ is here to Replace it
Helped by the rise of virtual reality (VR) headsets and affordable 360 degree cameras, selfie lovers can forget it and adopt the “surroundie” which can soon become the newest trend in picture taking. A selfie taken with a 360 degree… Read More ›
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U.S. Companies Come Out in Support of Microsoft in Gag Order Lawsuit
A Microsoft Corp lawsuit that intends to secure the right of companies and to strike down a law that prevents companies from telling customers the government is seeking their data found a number of supports ranging from technology, media, pharmaceutical… Read More ›
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Zukerberg Disappointed with SpaceX Rocket Blast Carrying Satellites for its Africa Internet Connectivity
Hobbling a Facebook Inc. initiative to spread internet access across Africa and marking the second loss of a spacecraft by Elon Musk’s venture in a little more than a year, a SpaceX rocket blew up on a launchpad in Florida. As SpaceX… Read More ›
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