The European Central Bank’s purchases of European corporate bonds are bringing down borrowing costs for businesses and helping them reduce their reliance on bank lenders, according to the central bank’s Economic Bulletin. The bond buying […]
“Pokemon Go” is now receiving $10 million a day in revenue, having reached the milestone of 100 million downloads, according to App Annie. The game’s success apparently has not cut significantly into the popularity of […]
Summary The White House has announced plans to accelerate the commercial use of drones for package delivery. Alphabet’s Project Wing will participate in the White House program. Making drone delivery practical requires solving the fundamental […]
Mercari, the first Japanese startup to achieve unicorn status, is evaluating whether to pursue a new funding round. Downloads of the company’s free mobile app, which matches individual buyers with sellers, recently surged in the […]
Markit’s purchasing managers’ index for the UK pulled back sharply after the Brexit vote, suggesting that the economy could contract in the third quarter. The PMI’s drop to 47.3 from 51.9 the previous month was […]
HSBC posted a sharp 29% drop in first-half profit from a year before, citing a decline in activity, “spikes of uncertainty” associated with China’s slowing economy and questions arising from Brexit. The bank plans a […]
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