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Analyst Calls Elon Musk a Charlatan and Terms Tesla Stock Worthless


Tesla is often regarded as one of the most innovative companies in the world and for the right reasons, considering the fact that it remains one of the biggest pioneers in the electric vehicle industry. By the same token, its founder Elon Musk has also acquired a cult-like following all over...

Volkswagen’s Digital Transformation to See Cuts to 4000 Jobs


Over the years, plenty of companies have gone on digital transformations that have seen core jobs being reduced at the expense of more robust Information Technology (IT) departments, and that is exactly what is going to happen with Germany car manufacturing giant Volkswagen. It has now emerged that...

Global Outlook Cut Down To Decade Low By World Bank As Trade Nosedives


The trading sentiment at a global level has been at one of its lowest ebbs for quite some time, and perhaps the primary trigger for that has been trading war between the United States and China. When the two biggest economies in the world are involved in a trade war, then it is certain...

Car Manufacturing Stocks Up in Europe Despite the Onset of Tech Selloff


Over the years, the biggest tech companies in the world have been spooked by a wide range of anti-trust actions brought on by the local regulatory authorities. In a sensational development, the regulatory authorities in the United States regulatory authorities initiated anti-trust action against...

Chinese Tech Giant Tencent Bets $40 Million British Fintech Firm True Layer


The financial technology sector is one of the most important industries to have emerged over the past few years and during that time the United Kingdom has gone on to become one of the most influential countries in terms of Fintech innovation. One of the more interesting Fintech companies to have...

China and India Leading Fintech Adoption Charts According to EY


It was perhaps only a matter of time before the world of finance and cutting edge collided to form a new set of products altogether. For many, it was not really a big surprise when a new industry named financial technology or Fintech emerged over the past half a decade or so and ever since...

Apple Ends iTunes and Displays $12000 Mac at Worldwide Developers Conference


When an Apple event takes place, then it invariably becomes the biggest news story from the world of technology, and it was no different when it came to the Apple Worldwide Developers Conference held yesterday. However, the event was a landmark one for a variety of reasons and not least because...

INEOS Announces Plan to Invest $2 Billion in Saudi Petrochemical Project


After the whole Jamal Khashoggi affair, there was worldwide outrage about the Saudi leadership and many investors made noises about not doing business in the country ever again. However, the tide has definitely turned over the course of 2019, and big-ticket investment is continuing to flow into...

Morgan Stanley Predicts Recession Within a Year if Trade War Drags On


The prolonged trade war between the United States and China has been one of the most damaging diplomatic and economic developments over the past few months. Despite the hope that the issue was going to be resolved, all talks broke down last month and soon enough, the problem escalated...

White House Economic Adviser Kevin Hassett To Step Down Soon


Over the years, numerous high profile advisers and officials have left the Trump administration for a variety of reasons. However, the reason behind economic advisor Hassett’s departure is still unclear so far. Ever since Donald Trump became the president of the United States, the sudden departure...

Indian Cryptocurrency Regulation Is Ready, Official Confirms


Ahead of the G20 summit, India’s new finance secretary has confirmed that the report detailing the country’s crypto regulation is now ready. It will soon be submitted to the finance minister for approval. Since Arun Jaitley opted out of cabinet responsibilities, Prime Minister Narendra...

T-Mobile and Sprint’s Boost Mobile Could be Bought by Amazon


Over the years, Amazon has created a sprawling empire with a hand in a range of pies, and much of that has been accomplished through strategic acquisitions. While it is true that it is often regarded as only an e-commerce company, it is necessary to the point that it is a tech company as well...

Another Aspiring Satoshi Copyrights the Bitcoin Whitepaper


The cryptocurrency community got riled up recently over Craig Wright’s U.S. copyright registration of the Bitcoin whitepaper and some of the code from the early software. However, on May 24 the U.S. Copyright Office saw a Bitcoin whitepaper registration by a man named Wei Liu, bringing...

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