The bigger Cryptocurrencies get, the worse they perform: BIS
LONDON (Reuters) – Cryptocurrencies are not scalable and are more likely to suffer a breakdown in trust and efficiency the greater the number of people using them, the Bank of International Settlements (BIS)said on Sunday in its latest warning about th…
China’s BYD recalls cars with Takata airbag inflators: state media
BEIJING (Reuters) – Chinese electric vehicle maker BYD Co Ltd has announced a recall of over 10,000 cars equipped with accident-prone Takata airbag inflators, state news agency Xinhua reported on Sunday.
GE should be fined if French job pledges not met: France
PARIS (Reuters) – U.S. company General Electric should be fined if it does not create as many jobs at Alstom as agreed when it purchased its energy subsidiary in 2015, a French government spokesman said on Sunday.
Orange, former executives to stand trial over staff suicides
PARIS (Reuters) – The former head of France Telecom Didier Lombard, six other executives and telecoms operator Orange have been ordered to stand trial over their alleged role in a wave of staff suicides.
Foxconn announces North American headquarters in Wisconsin
SHANGHAI (Reuters) – Taiwanese electronics manufacturer Foxconn said it would establish its North American corporate headquarters in Milwaukee, Wisconsin, following the purchase of a building in the city’s downtown area.
Siemens wins $2 billion contract to build new London Tube trains
LONDON (Reuters) – A division of Germany’s Siemens has been awarded a contract worth about 1.5 billion pounds ($2 billion) to design and build 94 new trains for the Piccadilly Line on London’s metropolitan train network, known as the Tube.
Singapore Exchange to continue SGX Nifty trade despite India dispute
MUMBAI (Reuters) – The Singapore Exchange (SGX) on Saturday said a court-appointed arbitrator had allowed it to continue listing and trading of SGX Nifty contracts beyond August 2018, during dispute resolution with India’s National Stock Exchange (NSE…
International fund managers turn to financials, tech as trade worries rise
NEW YORK (Reuters) – The rising tensions over global trade policy are prompting some top-performing international fund managers to look for the companies that can emerge as winners.
Apple, Qualcomm battle over possible ban on some U.S. iPhone imports
(Reuters) – The staff of the U.S. International Trade Commission on Friday recommended that a trade judge find that Apple Inc infringed at least one of Qualcomm Inc’s patents, a move that could lead to blocking the import of some iPhones.
Theranos founder Holmes, former president indicted for fraud
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the U.S. Justice Department announced on Frid…
