• New solar charging tech being developed by Hyundai for vehicles
New solar charging tech being developed by Hyundai for vehicles

Putting solar panels on the roofs of cars has always been an idea, but it's never really rolled out to the market in a huge way, although that might change in the next year or two. For drivers who want to go more green but are unable - for various reasons, including renting - to install their own solar panels on their roof, having them mounted on...

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  • Chancellor hits tech giants in the pocket
Chancellor hits tech giants in the pocket

To this end the United Kingdom will from April 2020 introduce a digital services tax that will include digital platforms such as search engines, social networks and online shops. Suppose the public finance forecasts deteriorate significantly next year? "But what the OBR gives the OBR can take away". They might. There's perhaps a one in three ch...

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  • Kenya makes gains on ease of doing business
Kenya makes gains on ease of doing business

On the other hand, it is still ranked low for enforcing contracts and paying taxes (90th in both categories). In its annual "Doing Business" 2019 report, the World Bank said India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.

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  • Govt Sends Letters to RBI Invoking Section 7 of RBI Act
Govt Sends Letters to RBI Invoking Section 7 of RBI Act

RBI Deputy Governor Viral Acharya had on Friday warned that undermining a central bank's independence was "potentially catastrophic". The government is unlikely to invoke Section 7 of the Reserve Bank of India Act though is using it as a threat to get the central bank to the negotiating table on a host of issues, including the more recen...

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  • IBM to acquire open-source software firm Red Hat for $34B
IBM to acquire open-source software firm Red Hat for $34B

Which is where the deal shows IBM's weakness because its own IaaS remains unsophisticated compared to rivals and efforts to renovate it have struggled. But that is a shrinking business. International Business Machines Corp. will pay $190 a share in cash for Raleigh , North Carolina-based Red Hat, according to a statement from the companies Sunda...

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  • Global billionaire wealth increased by 19% in 2017, say UBS and PwC
Global billionaire wealth increased by 19% in 2017, say UBS and PwC

Roughly half of China's new billionaires saw their wealth dip below 10 digits by the end of the year, the report showed. "There are 701 billionaires over the age of 70, whose wealth will transition to heirs and philanthropy over the next 20 years, given the statistical probability of average life expectancy".

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  • UK Royal Mint Halts Plans to Offer Gold-Backed Crypto
UK Royal Mint Halts Plans to Offer Gold-Backed Crypto

Had the deal gone through, it would have been the first time a government from a developed country would have been involved with a crypto exchange . The biggest hurdle to tackle in the project was Anne Jessop, recently appointed as the CEO of the Mint , who eventually made a decision to stall this project completely, shattering the initiative...

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  • Stocks end volatile week in slide
Stocks end volatile week in slide

European markets were mostly higher. But Asian markets took big losses, as the USA market did the day earlier. "Our forecast is therefore for the S&P 500 to drop by a total of about 15 percent from its recent peak". HOUSING SKID: The Commerce Department said sales of new US homes plunged 5.5 percent in September, the fourth monthly drop. The ...

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  • Consumer spending powers strong GDP growth
Consumer spending powers strong GDP growth

The US' economy grew at an annual rate of 3.5 per cent in the third quarter, down slightly from the 4.2 per cent growth rate registered in the previous quarter, the government said on Friday. Third quarter growth might have been even stronger if not for the sagging housing market. Bloomberg's USA chief economist Carl Riccadonna said followi...

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  • Volkswagen T-Cross Revealed, India Bound
Volkswagen T-Cross Revealed, India Bound

The T-Cross is the latest example of what Volkswagen has called its "global SUV offensive". In South America and China - two further growth markets - versions of the T-Cross specially tailored for those markets are being made. It follows on from the Touareg , Tiguan , US- and Chinese market Atlas and Terramont, T-Roc and Chinese market Tayron a...

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  • Oil prices steady after stock markets plunge
Oil prices steady after stock markets plunge

The global benchmark crude traded at a $9.79 premium to WTI for the same month. However, a global collapse in equities has roiled oil markets this week. Beijing has long vowed to defy the revived USA sanctions, but this week a key Chinese export-finance bank and the country's largest state oil refineries indicated that they were pulling back fr...

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  • Chevy, Ford, Tesla slip in Consumer Reports' reliability survey
Chevy, Ford, Tesla slip in Consumer Reports' reliability survey

The Model 3 sedan, seen as key to Tesla's profitability, debuted with "Average" reliability. The Model X SUV remained "Much-Worse-Than-Average" for reliability, with ongoing problems including the falcon-wing doors and center display screen.

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  • $1 million lottery ticket sold at Phoenix convenience store
$1 million lottery ticket sold at Phoenix convenience store

As for who holds that golden ticket, the victor may never be known, as SC is among several states that allow winners to remain anonymous. The estimated cash option for the largest grand prize in US lottery history - should the victor choose to take a one-time lump-sum payment instead of annual payouts over 30 years - is $913 million, according to...

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  • Google Sacks Employees Over Sexual Harassment
Google Sacks Employees Over Sexual Harassment

Sundar Pichai, Google Inc Chief Executive Officer, in an email to its employees on Thursday said the technology giant fired these employees in the past two years after sexual harassment allegations against them. The paper says that what Google didn't reveal at the time was that the executive was having an extramarital relationship with a co-worke...

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  • Patient gets in hospital lottery pool and wins $1 million
Patient gets in hospital lottery pool and wins $1 million

South Carolina Education Lottery Chief Operating Officer Tony Cooper says the lottery knows when and where the ticket was bought, but won't be sure who bought it until the victor contacts them. Unfortunately, the break means he'll need a hip replacement. "And then the staff came into the room and they were saying congratulations". "I couldn't bel...

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  • Tesla shares rise after posting ‘historic’ Q3 profit
Tesla shares rise after posting ‘historic’ Q3 profit

The result is a victory for chief executive Elon Musk , who had promised a profit to investors earlier this year. Revenues more than doubled from past year to $6.8 billion to easily top analyst estimates. The exact statement was as follows: "In order to significantly increase the affordability of Model 3 , we have chose to accelerate our manufact...

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  • Hedging against Trump? Fed chair builds network of support on Capitol Hill
Hedging against Trump? Fed chair builds network of support on Capitol Hill

Yesterday evening, I visited one of the few people who understands what it's like to be in Powell's shoes: former Fed chief Paul Volcker. However, Clarida said: "We have a very clear mandate, and the data shows up every month in terms of inflation and unemployment, and our job is to sustain what is a very healthy and robust economy".

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  • In change of tack, Saudi Arabia says Khashoggi's murder 'premeditated'
In change of tack, Saudi Arabia says Khashoggi's murder 'premeditated'

Since becoming heir apparent a year ago, Prince Mohammed has won plaudits for reforms, including ending a decades-long ban on women drivers. Saudi Arabia's crown prince denounced on Wednesday the "repulsive" murder of journalist Jamal Khashoggi and vowed justice will prevail, in his first public comments on the case, without addressing USA accu...

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  • Saudi Crown Prince Gets Applause, Cuts Deals at Investment Summit
Saudi Crown Prince Gets Applause, Cuts Deals at Investment Summit

It was not clear what could be heard. Turkish Foreign Minister Mevlut Cavusoglu said Thursday that Ankara had shared information with some parties who sought additional details. But when quizzed over whether Mr Blair would axe his deal with Saudi, a spokesman for the institute told Business Insider: "We have nothing further to add to what Mr Bl...

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  • A Disappointing Holiday Forecast Drops Amazon's Stock 9% After Its Earnings Report
A Disappointing Holiday Forecast Drops Amazon's Stock 9% After Its Earnings Report

Amazon said revenue was hurt by foreign exchange rate changes. CEO Jeff Bezos , with the after-hours stock drop, saw his eye-watering net worth slump by almost $13 billion, to $128.9 billion, this after a $8.2 billion hit on Wednesday.

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