Switzerland rankek first among the world’s top innovation leaders, according to Innovation Indicator 2017, the annul research which analyzed the innovative strength of 35 national economies on behalf of acatech—the German National Academy of Science and Engineering—and BDI—the Federation of German Industries.
Booster Fuels, which operates a mobile gas station that functions via smartphone, on Tuesday announced a $20 million round from existing investors like Conversion Capital, which led the round, along with Maveron, Madrona Venture Group, Version One, Perot Jain LP, and RRE Ventures. New investors include Stanford’s StartX Fund, BADR Investments, and U.S. Venture Inc. Total funding to date is now $32 million.
The Chicago Board Options Exchange (CBOE) has partnered with Gemini, the bitcoin exchange backed by investors Cameron and Tyler Winklevoss, as part of a bid to launch cryptocurrency derivatives trading. According to the Wall Street Journal, the agreement will find the CBOE leveraging Gemini's data for the launch of dedicated product listings in 2017. Opened to traders in 2015, Gemini is a New York-based exchange offering bitcoin and ether markets, as well as daily auctions of the cryptocurrencies.
Globally, the number of women working at Facebook has risen to 35 percent, up from 33 percent in 2016 while their number in the technical department has risen by two per cent in the past year to 19 percent, the company said. According to a Facebook blog post on Wednesday, women now make up 27 percent of all new graduate hires in engineering and 21 percent of all new technical hires at Facebook.
Unicredit, Italy's largest bank by assets, posted a stronger-than-expected net profit in the second quarter of the year thanks to lower costs and a drop in loan-loss charges. Net profit came in at 945 million euros, well above a consensus forecast of 676 million euros distributed by the bank and also helped by a positive one-off item in Germany. Revenues for the second quarter fell 7.8 percent year-on-year to 4.85 billion euros. Net Interest Income (NII) totaled €2.7 billion.
A new digital currency called "bitcoin cash" (BCC), created by the splitting of the bitcoin blockchain, is rapidly rising in price despite lacking crucial support from parts of the cryptocurrency community. Bitcoin cash has secured its place as a top cryptocurrency within a day of entering the marketplace. According to Coinmarketcap.com, the cryptocurrency is trading at about $490 a coin, and its market cap now stands above $8 billion. As such, it is the third-largest cryptocurrency by market cap, surpassing big-name coins such as Ripple ($6.7 billion) and Litecoin ($2.2 billion).
After 10 weeks of construction, Switzerland finally opened what local authorities have been calling the "world’s longest suspension bridge." Named Europabrücke, or the Europe Bridge, this narrow pedestrian bridge hovers over the Grabengufer ravine, near Zermatt. Hanging 278 feet (84.73 meters) in the air, you might want to hold someone’s hand for a little extra courage -- but that won’t be possible. Only measuring 25.6 inches (65 centimeters) wide, the bridge is only large enough to allow for a single file line along its 1,620 feet length from end to end.
After a two-year avalanche of revelations – from diesel emissions manipulation to claims of cartel collusion – German politicians will give car executives an unusually chilly reception in Berlin on Wednesday. At an emergency “diesel summit” increasingly jittery federal politicians and leaders of car-building states – Bavaria, Lower Saxony and Baden Württemberg – will read auto executives the riot act over their handling of a scandal with growing political and economic consequences.
August 2 marks this year’s Earth Overshoot Day – the day the world’s consumption of resources exceeds its capacity to regenerate those resources that year. At the Global Footprint Network NGO, researchers have determined that August 2nd is 2017’s Earth Overshoot Day – the day we have consumed more ecological resources than the earth can regenerate this year. Think of it as going over budget and running up a debt.
Apple announced on Tuesday financial results for the third fiscal quarter of 2017, which corresponds to the second calendar quarter of the year. For the quarter, Apple posted revenue of $45.4 billion and net quarterly profit of $8.7 billion, or $1.67 per diluted share, compared to revenue of $42.4 billion and net quarterly profit of $7.8 billion, or $1.42 per diluted share, in the year-ago quarter.
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