GDP grew 0.3% in the eurozone in Q3
GDP grew 0.3% in the eurozone in Q3, or 1.6% on an annual basis, according to official figures. Last week, the European Commission cut its GDP forecasts for the bloc on increased political uncertainty and […]
2016
Value of China’s home sales continues to surge
The total value of homes sold in China posted a 38% year-over-year gain to 941 billion yuan in October, based on calculations by Bloomberg using data from the National Bureau of Statistics. The increase follows […]
Hong Kong regulator: Blockchain’s future unclear
A Hong Kong financial regulator says it is too early to say whether blockchain technology is ready for large-scale adoption. Many issues surrounding the use of blockchain — including consumer protection and money-laundering concerns — […]
Brands start using Snap Spectacles
Brands are using Snap’s video-capturing Spectacles, which record 10-second videos that can be shared to Snapchat. Esquire Network has filmed a motorcycle ride to promote a show; Mountain Dew has filmed a skateboarder drinking the […]
Tech companies gird for Trump presidency
Leading technology firms are preparing for a showdown with President-elect Donald Trump’s administration regarding data mining and privacy, which have been a source of controversy since Edward Snowden revealed information about mass surveillance. Other firms […]
PIMCO to diversify investments
Pacific Investment Management’s new CEO, Emmanuel Roman, plans to move away from traditional bonds and invest in hedge funds, real-estate and other alternative assets. The firm will juggle the need to reassure investors in its […]
Tesla Motors acquires Grohmann Engineering for an undisclosed figure
The German engineering firm specializes in automated manufacturing processes. Tesla plans to use the company’s location in Germany as a base for Tesla Advanced Automation Germany. “We believe the result will yield exponential improvements in […]
Twitter might still sell looping video app Vine
Despite saying it would shutter the service, Twitter (NYSE:TWTR) might still sell looping video app Vine, TechCrunch reports. Sources said some of the bids are below a $10M price point, rendering such a transaction relatively […]
Iran plans to sign $6B deal with Total to develop an offshore gas field
Iran plans to sign a preliminary $6B deal with Total (NYSE:TOT) today to help develop an offshore gas field, an agreement that would mark the first Western energy investment there since international sanctions were lifted […]
China’s export volume keeps falling
Chinese trade data for October came in below expectations as weak demand continued to weigh on the world’s second-largest economy. Exports contracted by 7.3% on year, while imports fell 1.4%, resulting in a trade surplus […]