After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
British manufacturing output growth weakens as exports hit slowest in almost a year September 24, 2018 Growth in the British manufacturing sector slowed as exports cooled, according to data published today. Expansion in output slowed to the lowest since May in September, the survey of more than 400 major manufacturers by the Confederation of British Industry (CBI) showed. Exports weakened to the slowest expansion since October 2017, with a balance [...]
Oil prices hit four-year high after Opec defy Trump’s calls for production boost September 24, 2018 Oil prices have hit a four-year high after Opec ruled out a production increase and analysts predicted it would continue to rise towards $100 per barrel. Brent Crude Oil reached $81.17 per barrel, up more than 2 per cent, on Monday – its highest since 2014 – after Saudi Arabia and Russia led the way [...]
Total makes major UK offshore gas discovery September 24, 2018 Oil and energy giant Total has announced a major gas discovery off the coast of the Shetland Islands in the North Sea. The French multinational company said it made the discovery on its Glendronach prospect – drilling a well to a depth of 4,312 metres and encountering a gas column in a reservoir. Read [...]
DEBATE: Could Donald Trump’s trade war be a positive force in reining in Chinese dominance? September 24, 2018 Could Donald Trump’s trade war be a positive force in reining in Chinese dominance? Alastair Benn, news editor of Reaction, says YES. Two centuries ago, the world experienced something historians call “the Great Divergence”. Pre-nineteenth century, America, Europe, China, and India formed an equilibrium at the heart of the global economy, taking up roughly [...]
Gold rush: Barrick Gold to merge with Randgold in $18.3bn deal September 24, 2018 Two of the world’s largest gold producers are set to merge as Canada’s Barrick Gold said it has agreed to buy London-listed Randgold Resources in a shock $18bn (£13.7bn) deal. In plans to create what Barrick Gold and Randgold Resources hailed as an “industry-leading gold company”, the companies will be hoping to cement their [...]
Saudi Arabia and Russia defy Trump’s calls for oil production boost September 23, 2018 Saudi Arabia and Russia have defied Donald Trump's calls for an immediate production boost to reduce oil prices. The Organization of the Petroleum Exporting Countries (Opec) and non-Opec oil producers met on Sunday to discuss oil production quotas in the wake of US sanctions on Iran. Opec's leader Saudi Arabia has moved to calm fears [...]
Oil-producing giants in reported talks to raise supply amid US sanctions on Iran September 22, 2018 Some of the world’s largest oil producers are mulling the possibility of raising oil supply by as much as 500,000 barrels per day (bpd) in a bid to compensate for Iran’s falling output, it has been reported this morning. Countries within the Organisation of the Petroleum Exporting Countries (Opec) as well as other producers are [...]
Sky’s the limit: Dramatic auction between Comcast and Fox nears its conclusion September 22, 2018 The dramatic fate of Sky is nearing its finale, as a £26bn head-to-head auction between two of the world’s most powerful media companies enters into its final few hours. Comcast is battling it out with Rupert Murdoch’s 21st Century Fox and its powerful soon-to-be owner Disney in a rare auction, which includes up to three [...]
Sky’s the limit: Dramatic auction between Comcast and Fox nears its conclusion September 22, 2018 The dramatic fate of Sky is nearing its finale, as a £26bn head-to-head auction between two of the world’s most powerful media companies enters into its final few hours. Comcast is battling it out with Rupert Murdoch’s 21st Century Fox and its powerful soon-to-be owner Disney in a rare auction, which includes up to three [...]
A software bug came close to wiping out the bitcoin network September 21, 2018 A huge flaw in the Bitcoin network's underlying software that could have destroyed the cryptocurrency has been discovered. The problem existed since March 2017, which meant someone could have exploited the network by influencing the way bitcoin transactions are confirmed. Read more: Regulate 'Wild West' world of cryptocurrencies, MPs demand Anyone mining the cryptocurrency would [...]