In contrast to a CNBC report, Tesla Motors has clarified that only deliveries for new orders for the Model 3 will be from 2018. There is no change in deliveries for old orders. Tesla Motors Inc. has disclosed that customers… 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 ›
Second Fund of 500 Startups Aims Investments in South East Asia
A second fund will be used for funding startup ventures in Southeast Asia by 500 Startups, the venture firm that successfully backed ride-hailing startup Grab. Managing Partner Khailee Ng plans to invest in 200 seed-stage companies through the $50 million Durian… Read More ›
For the $37 Billion Stock Sifter, Apple Is Now Boring Enough to Buy
The losing steam of Apple Inc. stocks has only made them a bargain. According to Robert Naess, who oversees 33 billion euros ($37 billion) in stocks at Nordea Bank, Scandinavia’s largest bank, the stocks of the iPhone maker is cheap… Read More ›
Amid iPhone Sales Concerns, Apple Shares Fall 2%
11 points off the Dow Jones industrial average was shaved after shares of Apple briefly dipped more than 2 percent in heavy afternoon trade on Friday. The Dow Jones was brought down as Apple is the third-greatest contributor to declines in the… Read More ›
Hanjin Shipping receives $45 million credit line to help unload its cargo
Despite numerous sources of credit, Hanjin Shipping is still short of 270 billion won to unload all of its cargo. The non-unloading of its cargo is likely to impact the upcoming holiday shopping season. In a development that could act… Read More ›
Allianz says German Households Lost Over $200 Billion due to Over-caution
German insurance giant Allianz said that over the past four years, 200 billion euros ($223 billion) has been lost in investment income by German households due to their overcautious attitude. Rather than investing in shares or funds, Germans lost out by keeping… Read More ›
Control of Internet Falling Into Few Hands, Warns Web Security CEO
The internet is increasingly controlled by a select few tech companies, including Google, Facebook, Apple and Amazon even though it was designed to be a massive, decentralized system that nobody controlled. And these companies are continuing to consolidate power, feels the… Read More ›
Ugliest Shoes in the US are a Billion Dollar Market
Ugly shoes are the new craze in America. Stretchy laminated sneakers and weird, fur-striped sandals are being sold by Zara. And celebrities and fashion editors are wearing clunky black-and-white Adidas slippers. Some mystifying, ultra-shaggy slip-ons were designed by Gucci. Awkward, curvey… Read More ›
Research Claims More than$2.5 Billion Hoarded Away by US Firms in Offshore Accounts
According to new research by independent advisory firm Capital Economics, the cash that is held overseas by U.S. firms is very unlikely to be ever repatriated and the report also states that the amount of cash held overseas by U.S…. Read More ›
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