Economy

Ford Lyfts AI efforts with autonomous vehicle partnership By Barclay Ballard   Ride-hailing app Lyft and automobile giant Ford will collaborate in an attempt to bring self-driving vehicles to the mainstream before fierce competitor Uber. On September 27,...

CSIS: Potential Scenarios for Venezuela’s Future   Given the ongoing political, economic, social, and humanitarian crisis in Venezuela, in early June CSIS convened a small group of experts to identify the major drivers of possible future...

China IT Ministry to Create Official Blockchain Standards Wolfie Zhao   A Chinese government body is considering creating national standards to boost the development of blockchain and distributed ledger technology (DLT) in the country. According to an announcement...

China urges BRICS to promote open world economy   Chinese President Xi Jinping calls for the BRICS nations - Brazil, Russia, India, China and South Africa - to boost more open global economy and push for...

How Robots Are Transforming the Cleaning Industry   Remember how far off the future seemed as a kid? You may have had daydreams about self-driving cars and automated homes. While some of that is still (sadly) quite...

Turkish lira trades below 6.0 against the dollar The lira lost approximately 40 percent of its value against the dollar this year, but has bounced back strongly since the beginning of the week, with gains...

Tesla cuts nine percent of workforce in search of profit   In its fifteen-year existence the company headed up by Elon Musk has not made a profit, and it's burning through cash at an unprecedented rate. Tesla...

EU fines Facebook €110 million over WhatsApp deal   The European Commission levied the $123M fine because Facebook had said it could not automatically match user accounts on its namesake platform and WhatsApp, but two years...

Taiwan ministry expresses 'deep concern' about Qualcomm's antitrust fine by Jess Macy Yu   TAIPEI (Reuters) - Taiwan’s economics ministry said it is “deeply concerned” about the antitrust agency imposing a $775 million fine on Qualcomm...

Italy's populist coalition government poses new threat to eurozone Ben Chu Economics Editor   After a week of intense wrangling, the leaders of the Five Star Movement and the Lega Nord agree a common programme. Two Italian, populist, eurosceptic parties...