Author Archives
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US court Reinstates Lawsuit Accusing 16 Big Banks of Libor Manipulation
Sixteen major banks have been accused of conspiring to manipulate the Libor benchmark interest rate by a US appeals court on Monday which reinstated a civil lawsuit against the banks. the judges warned that the institutions could be bankrupted by the… Read More ›
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One of the World’s Most Expensive Countries Is Debating Giving Away Money
Debates and discussions are on in Switzerland about giving its people $2,500 a month for doing nothing. A vote that would decide whether the government should replace the various welfare benefits with the introduction of an unconditional basic income is… Read More ›
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Removal of Barriers to Data Flow Urged by Half of the EU Countries
To ensure that the continent of Europe can benefit from new data-driven technologies, a call for the removal of barriers to the free flow of data both within and outside the 28-nation bloc was given by nearly half of the… Read More ›
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After $7.2M Raising by BeMyEye, an ‘Uber for mystery shoppers’, Company Eyes US Expansion
6.5 million euros ($7.2 million) was raised by a start-BeMyEye up and announcement for an acquisition was made as it eyes international expansion. BeMyEye crowdsources people to carry out mystery shopping and data collection tasks for major brands like Coca… Read More ›
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Experts’ Thought on Artificial Intelligence Taking Away Jobs
Artificial Intelligence of AI is the new mantra for IT companies in 2016. While one of Google’s AI programs won the complex game of ‘Go’ against the world’s best player, pulling out moves a human mind could not comprehend, other… Read More ›
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Selling Its Pricy iPhone the main Challenge for Apple’s Cook in India
Tim Cook is being treated as virtual rock star while he visits India on his first trip. Keeping Cook’s bodyguards busy as the Apple Inc. chief executive officer toured the city’s most famous temple, the paparazzi have tailed him since… Read More ›
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Netflix and Amazon face EU Quota Threat
As part of an overhaul of the EU’s broadcasting rules, Netflix and Amazon’s video streaming services could be forced to devote “at least” 20 per cent of their catalogues to European films and TV shows. Potentially forcing video-on-demand groups to… Read More ›
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Freakish Diamond with Freak Dig Out Story from Sub-Arctic Ice Is About to Go on Sale
Foxfire is a freak, even in the world of rare stones. And it is also a freakish incident that saved rare diamond from being discarded as it was found buried in a place where big gem-quality diamonds aren’t supposed to… Read More ›
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As VIP Punters Step Back, Macau Casinos Face Growing Bad Debts
At a time when high-roller VIP punters are backing off, Casinos in Macau face a growing volume of bad debt provisions, further hitting earnings in the world’s largest gambling hub. The operators in the southern Chinese territory have been prompted… Read More ›
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Foxconn Sister Concern Buys Microsoft’s Feature Phone Business for $350 million
FIH Mobile, a subsidiary of Foxconn, is buying the feature phone business from Microsoft for $350 million. According to the deal, Microsoft would hand over the rights to use the Nokia brand, feature phone software, services, and other contracts and… Read More ›
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