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U.S. Telecom Hack Exposes Major Security Vulnerabilities In Global Telecom Infrastructure 11/22/2024

ECB Sounds Alarm On AI Stock Bubble: A Looming Threat To Financial Stability 11/21/2024

Hyundai IONIQ 9: The Battle For The Electric Three-Row SUV Market 11/21/2024

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Business & Finance

For Opening New Accounts, More Americans Would Visit A Branch Than Use Mobile Apps

A new survey conducted on U.S. citizens with a bank account has found that about 60 per cent of all Americans prefer to go to a bank branch to open an account instead of using online apps through their mobiles, tablets of desktop computers despite the enhancement of quality of mobile banking apps....

Asia Focus Of HSBC Drives Growth With A 141% Y-O-Y Increase In Profits For 2017

HSBC bank said that its strategy of focusing on Asia was giving its growth after the lender announced a pre-tax profit of $17.2bn (£12.3bn) in 2017. In the last year, the bank had made a profit of $7.1 billion and this year’s figure notes a 141per cent increase compared to a year ago....

U.S. Pharma Companies Developing 200 New Medicines For Cardiovascular Diseases: PhRMA Report

One out of every three deaths in the United States is accorded to cardiovascular diseases 0 including heart disease and stroke. It has turned out to be the leading cause of death in the country. Every year, over 800,000 deaths occur in the country due to cardiovascular diseases...

The US authorities to tighten control over crypto-currencies

The US authorities, alarmed by the global rush around bitcoin and other crypto currencies, are preparing to consider new rules. Their introduction will lead to tightening of federal control over this emerging class of assets, reports Reuters. US lawmakers are moving to consider new rules for...

How the popularity of mining became a trap for NVIDIA and AMD

Crypto currencies have been rising during the lasy year, and so did the capital of most investors. The year 2018 started a little differently - in a month of correction, the total capitalization of crypto-currencies decreased by tens of billions of dollars. Despite the volatility, interest in...

Discounts On Freight For Oil Exported To India To Be Increased By Iran: Media

In an effort to enhance its market share in the global oil market and challenge the likes of Saudi Arabia and Iraq, OPEC member Iran has offered to increase the discount on freight for oil sale to India against a pledge from New Delhi of increased imports. Iran is hoping that the appeal of...

Mining One Bitcoin In South Korea Costs $26,000 While Just $530 In Venezuela

A lot of money is being expended for mining of bitcoins in South Korea. Recent data released by lighting and furniture firm Elite Fixtures shows that $26,170 is the cost that is incurred in the process of mining just one bitcoin in South Korea. It is the largest market in the world for the...

Warren Buffett invests in pharmaceutics

American billionaire investor Warren Buffett invested $ 360 million in the purchase of shares in the Israeli pharmaceutical company Teva, which caused a revival in the stock market. Teva’s shares jumped in price by 11%, raising the quotes of other pharmaceutical companies. Last night, Warren...

Toshiba forecasts first profit in four years

The Japanese industrial conglomerate Toshiba predicts the first profit for four years. As a result of the current fiscal year (to be completed in late March), the company expects a net profit of 520 billion yen ($ 4.86 billion), while previously losses were predicted at 110 billion yen. Analysts...

Credit Suisse suffered a loss for the third consecutive year

Swiss bank Credit Suisse recorded an annual loss for the third consecutive year and reported write-offs in the fourth quarter of 2017 in connection with the tax reform in the US, CNBC reported. The net loss of the bank in 2017 was 983 million Swiss francs ($ 1.05 billion). Credit Suisse reported...