Sunday, November 29, 2020
Home Blog
HSBC Holdings Plc is considering shutting down its retail banking operations in the United States after narrowing the options for how to improve performance at its struggling North America business, the Financial Times reported on Saturday. The bank's senior management will present the plan to the board in the coming weeks, the FT reported, citing people familiar with the situation. The bank...
The U.S units of the two Korean automakers, Hyundai Motor Co and Kia Motors, have accepted to pay a record $210 million in combined civil penalties after U.S. auto safety regulators said they failed to quickly recall 1.6 million vehicles with engine issues in 2015 and 2017. “It’s critical that manufacturers appropriately recognize the urgency of their safety recall responsibilities...
A coronavirus detection robot built by an Egyptian inventor is currently undergoing trial in an Egyptian hospital. The robot, designed with a human-like face that "isn't scary" for patients, scuttles around the hospital on wheels. It can test for coronavirus and tell patients off for not wearing a face mask, according to the inventor. The machine, named Cira-03, can check temperature...
Speculation is mounting that Apple will move some iPad and MacBook manufacturing out of China to Vietnam due to the ongoing US-China trade war. At the request of Apple Inc, Foxconn, a major Apple contractor that produces many of the company’s iPhones in Zhengzhou China will move, apparently in the first half of 2021, Reuters reported Thursday. It is unclear which iPad...
Equipped with trays and a digital screen featuring a cat's snout, this cat-like robot not only miaows when touched, but also helps waiters in a Moscow restaurant perform contactless service to customers. "Robot allows us to deliver big orders, said a waiter Elvis”. “Therefore, waiters have more time to talk to clients or help other guests. It helps to bring...
With the increasing number of coronavirus cases in the U.S, followed by persistent layoffs, diminished income and nervous consumers, the U.S economy is under great pressure and faces many threats. New data released Wednesday showed that the spread of the virus is intensifying the threats to an economy still struggling to recover from the pandemic. The number of Americans who filed...
Elon Musk’s personal wealth seems to be flying like a rocket despite the pandemic. Musk, who ranked 35th on the Bloomberg Billionaires Index in January this year, has suddenly surpassed Bill Gates to become the second richest man in the whole world! He stands only behind Amazon's CEO Jeff Bezos, according to Bloomberg's latest ranking of Billionaires. The 49-year-old Tesla CEO...
A Belgian computer security researcher has exposed vulnerability in Tesla’s model X that can allow a hacker easily steal the electric vehicle with a smartphone. Lennert Wouters from KU Leuven university in Belgium told Wired that he found a way to break into a Model X with the vehicle identification number displayed on the dashboard. "The system has everything it needs to be secure," Wouters...
Employees of GoDaddy, the world’s largest domain name registrar, accidentally helped hackers last week to redirect emails and web traffic of some targeted cryptocurrency websites, Krebs on Security reported. Two of the affected websites Liquid and NiceHash, confirmed the separate attacks which reportedly happened in just few days apart. “A domain hosting provider ‘GoDaddy’ that manages one of our core domain names incorrectly transferred...
A former Professor of Economics and International Finance at the University of Michigan, John Hussman, has warned of looming ‘substantial losses’ in the next 12 years even for a well-diversified investor. "Oh, man. The unwinding of this bubble is going to be painful", said John Hussman who is now the president and principal shareholder of Hussman Econometrics Advisors, the investment...
- Advertisement -

LAST WEEK

4/zQE8E8G5pFKN4LTtA3c5Ak8bKpc776zsGCfDtUtSsKmvG0fMnkQ21J8