Japan forms part of a list of countries that have been exempted from U.S. economic sanctions on Iran. Countries on this exemption list are allowed to import Iranian oil for another 180 days. On Monday, the governor of Iran’s central… Read More ›
Economy & Finance
Berkshire Hathaway Energy Co denies Financial Times report on lithium extraction
The Financial Time’s report had cited sources and a fund raising document, and stated, Berkshire Hathaway’s geothermal wells could produce up to 90,000 tonnes of lithium a year worth $1.5 billion at current prices. Berkshire Hathaway Energy Co, a unit… Read More ›
Crude oil prices rise touch 2019 peak
OPEC led prices cut along with the release of Chinese refinerery processing data in 2018, led to the peaking of crude oil. On Monday, oil prices recorded the highest peak following the release of data that showed China’s refinery processing… Read More ›
Investor Resolution Urging Amazon To Stop Selling Facial-Recognition Tech To The Government
Amazon is being urged by its investors to stop selling its facial-recognition software to government agencies because of concerns among them that such technology can be used to trample rights of people. A group of Amazon shareholders brought together a… Read More ›
Banning Huawei From 5G Network Construction Being Considered In Germany
If media reports are to be believes, Huawei could soon be banned from another Western market of significance – Germany. Recent reports state that the government in Germany is considering methods that it can use to prevent the Chinese tech… Read More ›
Report Claims Darknet Markets Saw Double Daily Bitcoin Transactions In 2018
According to a study conducted by data firm Chainalysis, during 2018, bitcoin was used as a mode of payment on the darknet market sites in double the amount that it was used a year earlier. The darknet is a place… Read More ›
UK Retailers Issued No Deal Brexit Advice By Amazon
Amazon.com has asked British businesses that use its platform for trading to initiate measures so that they would be able to continue trading on the e-commerce platform to the customers in the European Union in the case of a no… Read More ›
Fossil’s Smart Watch Technology To Be Acquired By Google For $40 M
With an eye of increasing its presence in the wearable technology industry, US tech and search engine giant Google has announced the acquisition of the smart watch technology of Fossil Group Inc. in a deal that would be worth 40… Read More ›
US Fed Says American Economy Posted “Modest To Moderate” Growth in December To January
The United States saw “modest to moderate” economic growth from December to January even though the corporate turned out to be less optimistic because of multiple downside risks, said the U.S. Federal Reserve. The economic reports from 12 federal reserve… Read More ›
Developing Countries To Note Greater Wealth Growth In Five Years Than Developed Nations
There are some countries that names of which would surprise many when it comes to creation of new millionaires. Even though economic powerhouses like the United States, China and Japan possess the largest proportion of the world’s wealthy, the rates… Read More ›
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