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Chinese Seek 'Silk Road' Riches In Pakistan, Braves Security Fears

In Pakistan across the Himalayas, Beijing has pledged to spend $57 billion on infrastructure projects as part of its “Belt and Road” initiative and Zhang Yang, a businessman from Chongqing in southwest China, is one of a growing number of Chinese pioneers sensing an opportunity in this new region....

French Startup Frustrations Highlighted By Flying Water Taxis Highlight

A clean, fast taxi service for the waterways of major cities is what French yachtsman Alain Thebault wants to turn a boat design into that he used to break a world speed sailing record in 2009.   Thebault expects to raise between 50 to 100 million euros by the end of September as the...

Researchers Say Robot Danger Risks Being Addressed Slowly By Robot Makers

Robot manufacturers in January were warned about nearly 50 vulnerabilities in their home, business and industrial robots, by researchers now say that only a few of the problems have been addressed.   The vulnerabilities would allow hackers to make robots lurch and move violently, putting...

Study Finds U.S. Rail, Bus Service Being Undercut By Cheap Oil

A recent study by researchers at DePaul University has concluded that U.S. bus companies and the Amtrak passenger rail system that bet more consumers would embrace alternatives to driving for trips shorter than 400 miles, are being squeezed by cheap gasoline.   No Amtrak passenger rail...

Agreement To Cap Sugar In Drinks In Singapore Arrived At By Seven Companies Including Coca-Cola, Pespico

While there is rising awareness among consumers about the excessive consumption of sugar in various products, people have been talking about the sugar content in soft drinks.   Singapore is one city state that has been drawing a campaign to fight diabetes and in order to limit the sugar...

BMW-Intel Self-Driving Car Alliance Joined By Fiat Chrysler

There is a race between carmakers and technology companies to develop "robotaxis" which can be called up via smartphone and paid for by the minute and this race is set to get intensified a few notches more as Fiat Chrysler is slated to join an alliance led by BMW engaged for the development of...

Philippine’s Central Banker Isn't Worried About Possibilities Of Its Currency Getting Even Weaker

The Philippines’ good tidings were being heralded by the tumbling of the peso to a fresh 11-year low.   He wasn't worried about either the deficit or the currency's drop — or even his expectation that the peso may fall further, said Nestor Espenilla, governor of the country's central...

A Stealth App Is The Test Material For Facebook For China’s Market

It has been years that Facebook and many of its apps have been blocked in China.   Now by authorizing the release of a new app there that does not carry the Facebook name, the social network is trying a different way into China.   According to a person with knowledge of the...

EU Commissioner Calls For Summit In Connection With Europe's 'Toxic' Eggs Scandal

A call to stop "blaming and shaming" one another over a continental eggs contamination scare was given by Europe's food safety commissioner to countries.   After traces of a moderately toxic pesticide – called fipronil – were found in batches of eggs, tensions between agricultural ministers...

Reuters Poll Predicts It Will Be Two Years That U.S. Economic Expansion Will Last

According to a majority of economists polled by Reuters who forecast growth will not accelerate the way the Trump administration has predicted, the U.S. economic expansion will last at least another two years. It has taken unusually long time for the recovery from the devastating 2007-2009...

IEA Says Non-OPEC Expansion Continues While Oil Market Re-Balancing Is Underway

The latest report from the International Energy Agency says that more time is needed before the shifting fundamentals in the oil industry are felt by markets even though it states that the oil market is re-balancing as demand continues to grow.   By revising up its July forecast from 1.4...

While Worries Linger, Upbeat Mood Among Online Lenders About Turnaround Progress

Even while analysts expressed their concerns with the health of the online lenders' sector, stocks in this sector were sent soaring after LendingClub Corp and OnDeck Capital Inc surprised investors very recently with strong growth forecasts and good quarterly results.   Bbanks pulled back...
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