Slow Brexit could lead to banking job losses
Tens of thousands of banking jobs will leave the UK if the country doesn’t come up with a transitional deal governing its withdrawal from the EU, according to a report from the British House of […]
2016
Facebook announces 360-degree live video
Facebook is enabling 360-degree live streaming, with the first video from National Geographic showing researchers at Utah’s Mars Desert Research Station. The company is expected to enable the feature for all pages and users, and […]
Trump could set up UK-US trade deal quickly
Upon taking office as president, Donald Trump could swiftly negotiate a free-trade agreement between the US and the UK, said Larry Kudlow, a Trump campaign adviser. Kudlow said he wasn’t speaking officially on behalf of […]
Data point to Chinese economy picking up momentum
Reports suggest that China’s economy is stabilizing and gaining strength. Retail sales rose 10.8% in November, industrial production gained 6.2% and for the first 11 months of the year, fixed-asset investment was up 8.3%. Bloomberg […]
Italy’s largest bank UniCredit is planning to cut 14,000 jobs over the next 3 years
Italy’s largest bank by assets is planning to cut 14,000 jobs over the next three years and raise €13B to strengthen its balance sheet. The latest reshaping of UniCredit (OTCPK:UNCFF) will be closely watched for […]
U.K. inflation rose to 1.2% in November
U.K. inflation rose to 1.2% in November, beating analyst expectations for a 1.1% increase and marking the highest rate since October 2014. Meanwhile, U.K. Chancellor Philip Hammond has backed a longer period to manage a […]
SpaceX delays launch of capsule with human crew
SpaceX has postponed plans to launch a Dragon capsule with a human crew until 2018. The mission had originally been scheduled for next year, but SpaceX says it needs more time for “assessment and implementations” […]
Tech leaders put $1B toward clean energy
Microsoft co-founder Bill Gates, Facebook CEO Mark Zuckerberg, Amazon CEO Jeff Bezos and other tech leaders have announced a $1 billion investment to research and develop clean energy technology. Gates has stressed a need to […]