Fiat Chrysler is concerned consumers could be left exposed to price hikes as a result of NAFTA negotiations. Speaking on the sidelines of the North American International Auto Show in Detroit, Fiat Chrysler’s Chief Executive Sergio Marchionne told CNBC on Monday: “The consumer, in the absence of a realignment of […]
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Why French leader Macron could outshine Trump at Davos
French President Emmanuel Macron is set to speak at this month’s World Economic Forum (WEF) in Davos, Switzerland, with analysts saying the popular new leader will be Europe’s man to watch there. Macron is expected to give a speech to world leaders and business people gathered in the Alpine resort […]
Bitcoin price drops 10 percent in an hour, falling below $12,000 to a six-week low
Bitcoin dipped to a six-week low Tuesday, as investors monitored warnings from regulators and reports of an escalated crackdown on the cryptocurrency market in China. Other major digital currencies including ethereum and ripple were also seen falling significantly. According to CoinMarketCap data, ethereum was trading at $1,090.96, down more than […]
Investors could lose everything on cryptocurrency fundraises, regulator warns
Buying into initial coin offerings (ICOs) can lead to the total loss of an investment, said the head of a top European regulator. ICOs bear similarities to initial public offerings for a stock, but in an IPO, the investor usually has a stake in the company, whereas coin sales differ […]
California parents charged with torture after 13 siblings found chained in a house
A California couple has been charged with torture after police rescued their 13 malnourished children from a home where some of them had been chained to beds, and neighbors on Monday described the family as shut-ins who shunned social contact. Police made the discovery after a 17-year-old girl escaped the […]
BlackBerry launches cybersecurity product called Jarvis to stop driverless cars getting hacked
BlackBerry has launched a cybersecurity software aimed at protect driverless cars. The product which was released on Monday and is called Jarvis identifies vulnerabilities in software used in cars. Jarvis scans and delivers insights in minutes, a process that would normally take a large number of experts and a lot […]
Singapore’s crime rate is so low that many shops don’t even lock up
Singapore was recently ranked second on the Economist Intelligence Unit’s Safe Cities Index for 2017, coming in just behind Tokyo. In 2016, the island nation’s police reported 135 total days without any crimes including snatch-theft, house break-ins and robbery. That low crime rate means many small businesses enjoy little concern […]
Chinese central bank official reportedly says virtual currency trade needs to end
A senior Chinese central banker says authorities should ban centralized trading of virtual currencies as well as individuals and businesses that provide related services, an internal memo from a government meeting seen by Reuters showed. In the memo outlining details of discussions at a meeting of internet regulators and other […]
US lawmakers urge AT&T to cut commercial ties with China’s Huawei, sources say
U.S. lawmakers are urging AT&T, the No. 2 wireless carrier, to cut all commercial ties to Chinese phone maker Huawei Technologies and oppose plans by telecom operator China Mobile to enter the U.S. market because of national security concerns, said two congressional aides. The warning comes after the administration of […]
Dow futures are pointing to a big open
Dow futures traded significantly higher late Monday night, pointing to a strong Tuesday showing for U.S. stocks. At 12:10 p.m. HK/SIN, Dow Jones industrial average e-mini futures were higher by 0.69 percent, or 178 points, ahead of American markets re-opening for trade after the long weekend. U.S. stocks had soared […]