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News & Updates

July 12, 2019 Fed Chairman: ‘No One Uses It’ — Bitcoin a Speculative Asset Like Gold

Source: Coin Telegraph

The Chairman of the United States Federal Reserve has said that a globally adopted cryptocurrency system could conceivably remove the need for reserve currencies.

July 12, 2019 Volkswagen to invest in Ford self-driving car unit

Source: MarketWatch

Volkswagen AG has agreed to invest around $2.6 billion in Ford Motor Co.'s autonomous-vehicle partner, Argo AI, in a deal that values the startup at $7 billion, according to people familiar with the matter.

July 11, 2019 Employment among ‘prime age’ men declining, triggering 'alarm'

Source: Fox Business

While the U.S. economy Opens a New Window. continues to show signs of strength and vitality, employment Opens a New Window. conditions appear to be worsening for one particular group: prime-age males.

July 11, 2019 Amazon plans to spend $700 million to retrain a third of its US workforce in new skills

Source: CNBC

Amazon.com on Thursday unveiled plans to retrain a third of its U.S. workforce — or 100,000 workers — by 2025 to help its employees move into more advanced jobs or find new careers.

July 11, 2019 Wall Street banks bailing on troubled U.S. farm sector

Source: Reuters

after years of falling farm income and an intensifying U.S.-China trade war - JPMorgan and other Wall Street banks are heading for the exits, according to a Reuters analysis of the farm-loan holdings they reported to the Federal...

July 11, 2019 France approves digital tax on American tech giants, defying US trade threat

Source: CNBC

France’s Senate approved a tax on the revenues of tech giants like Google, Amazon and Facebook on Thursday, defying a warning from the President Donald Trump administration that it “unfairly targets American companies.”

July 11, 2019 Fed rate cut would ease pressure on China’s central bank, analysts say

Source: CNBC

A widely expected interest rate cut by the U.S. Federal Reserve would give China more breathing room in shoring up its slowing economy, some analysts said.

July 10, 2019 GRI makes key appointment as Chief Development Officer joins the organization

Source: GRI

Amsterdam– GRI is raising its capacity to build on the success of the GRI Standards, following the recruitment of Marco van der Ree as Chief Development Officer. [more]

July 10, 2019 Fed chief faces tough task in Congressional testimony: ‘Walking a tightrope over Niagara Falls’

Source: CNBC

Fed Chair Jerome Powell’s two days of testimony before Congress this week could lead to volatile markets, as the Fed chief is expected to lay out a case for rate cuts but not commit to when or how much they could move.

July 9, 2019 In a scene reminiscent of the financial crisis, axed Deutsche Bank workers leave with belongings

Source: CNBC

The scene was solemn at Deutsche Bank’s offices in London, New York and Tokyo on Monday as scores of employees, belongings in hand, left their desks for the final time as the German lending giant began one of the largest rounds...

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