Tue 14 May 2019: LONDON (Reuters) – Bitcoin hit its highest level in 10 months on Tuesday, raising hopes among cryptocurrency enthusiasts of greater mainstream acceptance as an escalating U.S.-China trade war roiled global markets, but others urged investor caution. Bitcoin, which lost three-quarters of its value in 2018, has soared by 24% since Friday […]
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Fri 10 May 2019: The United States pulled the trigger Friday on a steep increase in tariffs on Chinese products and Beijing immediately vowed to hit back, turning up the heat before a second day of trade negotiations. President Donald Trump got a briefing from his trade negotiators after the first day of talks with […]
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Fri 26 Apr 2019: Emirates’ signature Ramadan service is expected to begin on May 5th to coincide with the start of the Holy month. During Ramadan, the airline expects to serve 1 million dates to customers during iftar and suhoor, both on board and on the ground in Dubai. Emirates’ Ramadan service consists of specially […]
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Thu 25 Apr 2019: Tesla posted a surprisingly large $702.1 million net loss in the first quarter as sales of its electric cars slumped and demand appeared to be waning. The company lost $4.10 per share from January through March, when deliveries fell 31% from the fourth quarter. Tesla had warned it would lose money […]
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Sat 20 Apr 2019: A French supermarket group plans to use robots inspired by the famous Star Wars droid to transport food to customers in Paris, Reuters reported. Stepping up the race for automated deliveries with online retailers such as Amazon, Casino’s Franprix chain will test the delivery robots on the streets of Paris’s 13th […]
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Fri 19 Apr 2019: (Reuters) – McDonald’s Corp said it would remove costlier, premium burgers from its menus in favor of its more popular Quarter Pounders, shifting its focus to simpler and quickly-served burgers. The burger chain added the Signature Crafted burgers to its menu two years ago to keep up with competition from Wendy’s […]
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Sat 13 Apr 2019: Facebook Inc Chief Executive Officer Mark Zuckerberg’s compensation for 2018 more than doubled to $22.6 million, a regulatory filing showed on Friday. Facebook has in the past few years faced public outcry over its role in Russia’s alleged influence on the 2016 U.S. presidential election and has come under fire following […]
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Thu 11 Apr 2019: WASHINGTON (Reuters) – Amazon.com Inc and Microsoft Corp have been selected to continue competing for Pentagon cloud computing services as part of a contract that could be worth some $10 billion, the U.S. Department of Defense said on Wednesday. The selection leaves Oracle Corp and IBM Corp out of the competition […]
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Mon 8 Apr 2019 NEW YORK (AP) — Pinterest, among a gaggle of tech companies planning to go public this year, hopes to raise as much as $1.5 billion in its initial offering of shares. The digital scrapbooking site said in a regulatory filing Monday that it will put about 75 million shares up for […]
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When the world’s richest man and his wife decided to divorce, the numbers were always going to be big. And so it proved this week, when Amazon founder Jeff Bezos and his wife MacKenzie agreed the terms of their split. MacKenzie Bezos will keep a 4% stake in the online retail giant. Her stake is […]
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