Category: World

Facebook plans to launch its “news section” in the fall
11. 8. 2019 No Responses

Facebook plans to launch its “news section” in the fall

The social media giant has offered mainstream outlets as much as $3 million per year for the privilege of using their headlines, article excerpts and stories, according to people familiar with the deal who spoke to the Wall Street Journal...
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Novartis CEO Narasimhan Defends Company’s Decision to Withhold False Data From the FDA
8. 8. 2019 No Responses

Novartis CEO Narasimhan Defends Company’s Decision to Withhold False Data From the FDA

Responding to the agency’s stern rebuke, Vas Narasimhan, the company’s executive, tried to reassure investors that Novartis did not intentionally deceive the FDA while seeking approval for its $2.1 million gene therapy. The chief executive of Novartis on W...
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Elixxir: Privacy Preserving Technology vs. Legislation
5. 8. 2019 No Responses

Elixxir: Privacy Preserving Technology vs. Legislation

Dr. David Chaum – inventor of eCash and founder of DigiCash in 90’s and now CEO of project Elixxir, blogged about Privacy Preserving Technology vs. Legislation. After last spying Apple’s faux pas and spending decades focused on the intersect...
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Mylan to merge with Pfizer’s Upjohn
29. 7. 2019 No Responses

Mylan to merge with Pfizer’s Upjohn

Pfizer will combine its off-patent drug business with Mylan. Pfizer shareholders would own 57% of the new company and Mylan’s shareholders would get 43%. The combined company, which will sell Mylan’s EpiPen and Pfizer’s Viagra, will be domiciled in the.....
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Boeing Q2 Revenue Plunges, Missing By $5 Billion
24. 7. 2019 No Responses

Boeing Q2 Revenue Plunges, Missing By $5 Billion

With the storm clouds over the grounded 737 MAX gathering patiently for the past 5 months, it was only a matter of time before the torrential downpour arrived, which it did just before 730am, when Boeing reported shocking numbers, with...
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Harley-Davidson second-quarter profit falls 20%
23. 7. 2019 No Responses

Harley-Davidson second-quarter profit falls 20%

H-D’s motorcycle revenue missed estimates $1.43 billion, versus $1.44 billion expected by analysts. The company reports $195.6 million in net income during the second quarter, versus $242.3 million a year earlier, a nearly 20% drop. H-D’s second-quarte...
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Boeing 737 Max Grounding Charges to Reach $8 Billion
22. 7. 2019 No Responses

Boeing 737 Max Grounding Charges to Reach $8 Billion

The financial fallout from the troubled 737 Max jetliner continues to swell for Boeing, which on Thursday announced $7.3 billion in costs that will hit its bottom line. The price tag could still climb. The Max has been grounded for...
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Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss
18. 7. 2019 No Responses

Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss

Alexandria Ocasio-Cortez’s exchange with Facebook’s crypto boss about who actually controls the Libra currency. Rep. Alexandria Ocasio-Cortez and the Facebook exec David Marcus had an enlightening exchange on Wednesday during a hearing with lawmake...
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Now Even Junk Bonds Have Negative Yields
17. 7. 2019 No Responses

Now Even Junk Bonds Have Negative Yields

75 years ago this month, a group of 744 delegates from around the world gathered at the very posh Mount Washington Hotel in New Hampshire to build a brand new global financial system. The year was 1944. World War II...
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DHL: Significant Downturn in World Trade
13. 7. 2019 No Responses

DHL: Significant Downturn in World Trade

A new quarterly report from logistics company DHL, measured global air and sea cargo trade volumes between March and June, found trade data continues to deteriorate in the US and China as there is still no resolution to end the trade war, reported...
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Trump Slaps 400% Tariff On Vietnamese Steel
3. 7. 2019 No Responses

Trump Slaps 400% Tariff On Vietnamese Steel

President Trump accused Vietnam of being “almost the single worst abuser of everybody” and asserted that “Vietnam takes advantage of us even worse than China.” This sudden turn in Trump’s rhetoric contrasted with the praise he off...
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BIS Chief Reverses Stance On Cryptos
2. 7. 2019 No Responses

BIS Chief Reverses Stance On Cryptos

From “Ponzi” To “We’re Working On It” – Cryptos Hater BIS Chief Reverses Stance On Cryptos The head of the Bank of International Settlements (BIS) has appeared to U-turn on issuing digital currencies after a fresh interview ...
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Libra – Briefly Explained
29. 6. 2019 No Responses

Libra – Briefly Explained

It’s Facebook’s new cryptocurrency. The point is that you can send money all over the world with lower fees than if you were to engage, say, Western Union. It’s shady as hell, though. You remember Tyler and Cameron Winklevoss? The...
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Hinduja-Etihad consortium gearing up for Jet Airways bid
28. 6. 2019 No Responses

Hinduja-Etihad consortium gearing up for Jet Airways bid

Also Tata’s, Qatar Airways in exploratory mode. After failed negotiations earlier with multiple suitors, the SBI-led consortium decided to take Jet Airways to the bankruptcy court on June 17 and on June 20, the National Company Law Tribunal (NCLT) admitt...
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480 pilots sue Boeing, FAA revealed new glitch in 737 MAX
27. 6. 2019 No Responses

480 pilots sue Boeing, FAA revealed new glitch in 737 MAX

480 737 MAX pilots sue Boeing over ‘unprecedented cover-up’ that led to crashes & grounding. A class-action lawsuit against Boeing reportedly accuses the US aviation giant of covering up the faulty sensor issue and keeping pilots in the dark about...
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