Archive for the 'Economy' Category
Execs Representing Companies Worth $3 Trillion Met with Trump
December 15th, 2016Via: CNBC: Whoa, that’s a lot of dough walking around in Trump Tower. President-elect Donald Trump’s mega technology summit in New York on Wednesday hosted leaders of companies that have a combined market value of more than $3 trillion. That’s more than the GDP of many countries, including, the United Kingdom, France and India, according […]
Amazon Drone Makes First Delivery to Customer
December 14th, 2016Via: Engadget: It’s already been three years since Amazon first revealed its somewhat audacious plan to make deliveries by drone. But the company is quite serious about this, and today it is announcing that it complete the first Amazon Prime Air drone-powered delivery. The company recently launched a trial in Cambridge, England — and on […]
Uber’s Self-Driving Cars Start Picking Up Passengers in San Francisco
December 14th, 2016Via: Tech Crunch: Uber’s self-driving cars are making the move to San Francisco, in a new expansion of its pilot project with autonomous vehicles that will see Volvo SUVs outfitted with sensors and supercomputers begin picking up passengers in the city. The autonomous cars won’t operate completely driverless, for the time being – as in […]
AUSTRALIA COULD SCRAP THE $100 NOTE
December 13th, 2016India. Venezuela. Australia? Via: New Zealand Herald: Australia looks set to follow in the footsteps of Venezuela and India by abolishing the country’s highest-denomination banknote in a bid to crack down on the “black economy”. Speaking to ABC radio on Wednesday, Revenue and Financial Services Minister Kelly O’Dwyer flagged a review of the $100 note […]
GM Delivers First Bolt EVs to 3 Customers Just a Few Blocks from Tesla’s Factory
December 13th, 2016Via: Electrek: While it shouldn’t necessarily be seen as a swipe at Tesla for delivering the first sub-$40,000 long-range electric vehicle before them, it wouldn’t be the first time that GM tries to subtly, or more directly, take a shot at Tesla with the Chevy Bolt EV. Like when it sent out press pictures with […]
Trump Picks Exxon CEO Rex Tillerson for Secretary of State
December 13th, 2016Via: BBC: President-elect Donald Trump has confirmed the chief executive of Exxon Mobil, Rex Tillerson, as his choice for US secretary of state. In a statement, Mr Trump praised Mr Tillerson, 64, as among the “most accomplished business leaders and international dealmakers” in the world. Mr Tillerson is said to have a good relationship with […]
Venezuela Pulls Highest-Value Banknote, Closes Border with Colombia
December 13th, 2016Via: CNN: Venezuela just made it harder for its citizens to escape the country’s cash crisis. President Nicolas Maduro announced Monday night that he’s closing the country’s border with Colombia for 72 hours as Venezuelans rush to exchange bills before they become invalid later this week. He accused “mafias” of moving Venezuelan money into Colombia. […]
Pipeline Spills 176,000 Gallons of Crude Into Creek About 150 Miles from Dakota Access Protest Camp
December 12th, 2016Via: CNBC: A pipeline leak has spilled tens of thousands of gallons of crude oil into a North Dakota creek roughly two and a half hours from Cannon Ball, where protesters are camped out in opposition to the Dakota Access pipeline. Members of the Standing Rock Sioux and other tribes, as well as environmentalists from […]
Dallas Police and Fire Pension Board Halts $154 Million in Withdrawals
December 8th, 2016Via: Dallas Morning News: The Dallas Police and Fire Pension System’s Board of Trustees suspended lump-sum withdrawals from the pension fund Thursday, staving off a possible restraining order and stopping $154 million in withdrawal requests. The system was set to pay out the weekly requests Friday. Pension officials said allowing the withdrawals would leave them […]
The Grim Truth of Chinese Factories Producing the West’s Christmas Toys
December 8th, 2016Via: Guardian: Xiao Fang thinks she’s one of the luckier workers making Barbie dolls for the Christmas market at the Mattel toy factory in Chang’an. True, she says, she works 11-hour days, six days a week, and shares a dormitory with nine other women and gets to see her husband only once a week. She […]
