On April 15, a long-dormant Bitcoin wallet stirred to life for the first time in nearly 14 years. The wallet owner sent 50 million Bitcoins to Coinbase, notching a profit of over $3 million on coins that used to be worth less than a penny each. The transaction was unusual but hardly unique. Nearly every […]
A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China’s Geely, foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers
Trade war tactics: How Volvo will land a cheap Chinese EV on U.S. shores Read More »
This here is the totally new Mini Aceman, and it’s an all-electric, Mini crossover. Splitting the size difference between the properly mini Mini Cooper and large Mini Countryman, it fills the space previously occupied by the now-discontinued Clubman, but does so without a gasoline-powered option (or cute barn doors in the rear). Before we get
Mini Aceman debuts at Beijing Auto Show as a little, all-electric crossover Read More »
The European Union launched an investigation into China’s procurement of medical devices, the latest in a spate of actions that are raising tension ahead of President Xi Jinping’s first visit to the bloc in five years. The probe was formally announced Wednesday morning Beijing time and will seek to address concerns that China unfairly favors
Wall Street stalwart Jamie Dimon is concerned history may be repeating itself with the U.S. economy returning to the embedded stagflation it battled fifty years ago. Speaking at the Economic Club of New York on Tuesday, JPMorgan CEO Dimon said now more so than ever the economy is resembling the 1970s, when both inflation and
Pret A Manger is shaking up its board and bringing back its co-founder to help guide the UK coffee-and-sandwich chain through a rapid overseas expansion. Olivier Goudet, the former chief executive officer of Pret owner JAB Holdings, is stepping down as chairman of the chain, according to the company. Goudet, who will remain on the
Pret A Manger's cofounder makes a comeback to the coffee chain's board amid overhaul Read More »
London has long been continental Europe’s financial hub, with its vibrant Square Mile and the range of banks it’s home to. Clearly, even Brexit couldn’t dull its charm because the city is still a talent magnet unlike any other. For years, the British capital has ranked as the top destination among those looking for work—and
China can withstand any new tariffs the world throws at it—even the punitive ones Donald Trump is planning if he wins a second presidential term—because its prices are simply too competitive to resist. That’s the predominant view at this month’s Canton Fair. Many buyers and sellers at China’s biggest trade event, held in the southern
Chinese suppliers shrug off U.S. tariff threats as customers flock to their cheap goods Read More »
It’s springtime in Europe — time for the annual blossoming of spectacle and sound known as the Eurovision Song Contest. Taking place in May in Malmö, Sweden, the 68th annual competition will see acts from 37 countries vie for the continent’s pop crown in a feelgood extravaganza that strives — not always successfully – to banish international
When asked to imagine how major broadcasters might use generative AI in coming months, most people conjure up dystopian visions, from deepfakes of politicians to Minority Report-style ads that follow them around the city. However the reality, at this relatively early stage in the AI game, is far less sinister – and the biggest players
The BBC is moving fast and showing that humans must always come first Read More »
