Starting with everyday workers who fear being replaced by machines to visionaries like Elon Musk, who once compared A.I. to “summoning the demon” in a horror film, artificial intelligence has no shortage of critics. But according to Rob Subbaraman, chief economist… Read More ›
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Major Headaches For Investors Is Being Cause By The Euro Zone’s Third Largest Economy — And It Might Get A Lot Worse
The third largest economy of euro zone remains a major headache even when most of the euro zone seems to be flourishing. Even though recent data have come in above forecasts, Italy is dubbed by many analysts as the biggest… Read More ›
As People Fall Back In Love With The Road Trip, RV Sales Soar Across Europe And US
Back and picking up a new generation of eager fans just wanting to hit the road are recreational vehicles (RVs), caravans, campervans or motorhomes – whatever size they are. After the euro zone debt crisis of 2013 and the financial… Read More ›
Beijing Worried About Rising Chinese Steel Prices
The Chinese government is getting worried about striking the right balance on the markets as China’s steel prices are rising. Even as the government seeks to find economic growth outside of heavy industry and manufacturing, China, the world’s largest steel… Read More ›
Growing Resistance Meets U.S. Push For Freer NAFTA e-Commerce
Emerging as a flashpoint in an upcoming renegotiation of the NAFTA trade deal is a U.S. proposal for Mexico and Canada to vastly raise the value of online purchases that can be imported duty-free from stores like Amazon.com and eBay…. Read More ›
Costs For Cakes And Pastries Expected To Skyrocket As Butter Prices Spark ‘Major Crisis’ In Europe
At a time when prices are skyrocketing, stockpiles are running low and dairy giants are warning of an imminent shortage, Europeans are consuming more and more butter. Market fears of a European butter shortage cannot be ignored, said Chef Séverine… Read More ›
U.S. Fintech firm Fiserv offers to acquire UK-based Monitise for $98 million
Fiserve has managed to secure a significant 9.9% of Monitise’s issued share capital in its bid, thus ensuring that the bid is likely to sail through. Fiserv, a U.S. fintech company has upgraded its offer to $98 million (75 million… Read More ›
A ‘New Normal’ For Russia Ushered In By Trump’s Sanctions Reboot
The chill in geopolitics is threatening to turn into a deep freeze for an economy retooling after the crash in oil prices as Russia hunkers down for “decades” of U.S. sanctions. He assumption that Russia’s future may look much like its… Read More ›
There Have Been 63,000 Cancellations Of Tesla’s Model 3 Pre-Orders
Expecting an average of 1,800 new orders a day, Tesla is continuing to see demand for its first mass market car, the Model 3. However, the company also revealed that about 63,000 people have cancelled their Model 3 pre-orders, Tesla’s… Read More ›
4,000 Jobs Expected To Be Moved To EU After Brexit By Deutsche Bank
As Deutsche Bank AG’s Brexit plans take shape, people briefed on the matter wsere quoted in the media as saying that the lender envisions shifting almost half its U.K. positions to the European continent over coming years. Under the bank’s… Read More ›