Between now and 2021, battery production all over the world will more than double, Bloomberg reports. With more companies getting into the game, expansion and competition are up, and prices are down. This will mean more opportunities for energy companies and electric car manufacturers, and better deals for consumers looking to purchase clean powered technology for less money. The key is an expected increase in the number of battery factories, which will boost production capacity—and thus provide the economies of scale needed to make batteries cheaper.
Uber is backpedaling over an accounting error that led to tens of thousands of New York City drivers not getting their full pay for two and a half years. Uber reportedly discovered the accounting error when it created a new receipt template for New York City drivers, according to The Wall Street Journal, which first reported this story. The payments are the result of an error Uber said it recently discovered in how it calculated driver earnings. Until this week, Uber applied its “service fee”—typically 25% for UberX rides in New York City—to the gross fare, or the total amount paid by the passenger. But in a terms-of-service agreement dated to November 2014, Uber told drivers it calculated that commission based on the net fare, or the amount paid by the passenger minus sales tax and other applicable fees. Uber told WSJ that it will refund affected New York City drivers an average of $900 each, which includes interest on the loss profit over the past years.
The Catalan Government decided on Tuesday to formally request negotiations with the Spanish government on the terms and conditions for carrying out the independence referendum. In the next few days, the Catalan President, Carles Puigdemont, will send a letter to the Spanish Prime Minister, Mariano Rajoy, which will include the text approved on Tuesday at the Executive Council of the Catalan government, the Catalan Minister of Presidency and Government Spokesperson, Neus Munté, explained in declarations to the press.
Abigail Johnson, chair and CEO of Fidelity Investments, went public with her enthusiasm for blockchain technology, bitcoin, ethereum and what the future holds for both open-source, public blockchains and more private alternatives, during Coinbase, a bitcoin and blockchain conference held in New York City. In her talk, Johnson discussed the "future scenario" where blockchain technologies have thrived, remarking that she thinks this has a "reasonable chance" of coming to pass despite the relative newness of the technology.
Moody's Investors Service on Wednesday downgraded China's credit rating to A1 from Aa3, changing its outlook to stable from negative, citing expectations that China's financial strength will erode somewhat over the coming years. It was Moody's first downgrade for the country since 1989, according to Reuters.
Tech giant Apple has been named the most valuable brand in the world for a seventh consecutive year, worth $170 billion. Its brand value is up 10% over last year and represents 21% of the company’s recent market value of $806 billion, a 10 per cent increase on the figure for 2016. Google ranked second place, whose brand value has risen $19.3bn from last year to just under $102bn, according to Forbes. It's the second straight year Google has placed second to Apple, and it is closing the gap with a 23% gain this year after a 26% jump in 2016.
After everything got digitalized, from movies to music, there seems to be a new interest in physical products. Vinyls are making a comeback, while at the same time streaming services like Spotify allow users to listen to music they do not even need to download. Startup Qleek positions itself right inbetween these two worlds. Their products are called Qleeks, small hexagons that are linked to a specific playlist on a streaming service. They can be played on a special player or just by taking a shot of their QR code. For anyone who made a mixed tape in the 80s or 90s, the allure is easy to see.
According to the Boston Consulting Group (BCG), Singapore's stringent bank secrecy laws have attracted $1.1 trillion in foreign capital, and its growth rate is bypassing that of Switzerland. Singapore will become the world's largest multinational financial center by 2028, according the report. For foreign capital, Singapore's management is relatively lenient. Singapore immigration authorities only generally check "the first pot of gold" of the immigrant applicants.
Only a little more than half a year is remaining until implementation of PRIIPs and MiFID II, and th
Lo Shipbrokers and Shipagents Dinner è uno degli eventi più importanti nel panorama mondiale della
Within the framework of this presentation, Viktor Pershikov, MFTA, (a leading technical analyst in R
One of the biggest conferences in Switzerland, which brings together the private equity, venture cap
Within the framework of this presentation, Viktor Pershikov, MFTA (a leading technical analyst in Ru
Updates and news from MarketPlus
|SMI® PR||9032.89||-0,20 %|
|LYXOR DAX INAV||121.555||-0,48 %|
|FTSE MIB Index||20833.88||-0,46 %|
|FTSE 100||7424.13||-0,20 %|
|CAC 40||5266.12||-0,30 %|
|S&P 500||2438.30||0,16 %|
|NASDAQ Composite||6265.2495||0,46 %|
|HANG SENG INDEX||25670.05||-0,02 %|
|Powered by Yahoo Finance|