View of the headquarters of the British pharmaceutical company GlaxoSmithKline in west London. Ben Stencil | AFP | Getty Images LONDON – UK-based drugmaker GlaxoSmithKline (GSK) has asked Britain to shut down the Covid-19 contact-tracing application when about 2,500 employees are at work. The pharmaceutical giant, which is working on …
Read More »I believe Big Tech will not break
Former Microsoft .ft CEO Steve Burmer on Wednesday commented on a no-confidence report by the House Judiciary Subcommittee, which found Amazon, Apple, Facebook, Facebook and Google to have a monopoly power. “I bet the money won’t break,” Balmer said. Ballmer, who sued MicroStft in an anti-trust lawsuit in the early …
Read More »The Fed’s Kashkari has warned that delayed stimulus would have “terrible consequences”
Minneapolis Federal Reserve President Neil Kashkari became the latest central banker to warn against further stimulus in the US economy, saying the cost behind doing anything could not be huge. As tensions escalate in Washington, Kashkari told CNBC that workers, businesses and governments need more cash from Congress. “There are …
Read More »McDonald’s will add bakery items to the menu under pressure for breakfast customers
McDonald’s new cinnamon rolls, apple fritters and blueberry muffins Source: McDonald’s McDonald’s is adding baked goods to its standing menu for the first time in more than eight years as the fast-food giant seeks to revive its snack sales. Oct. From the 28th, customers will be able to purchase an …
Read More »Billionaire Ray Dalio explained how to invest in China
SINGAPORE: Many investors have cut ties with China in 2020. But a billionaire hedge fund manager has a strategy that starts with “balance”. “The way to play the Chinese market is to build a diversified portfolio first,” Ray Dalio told CNBC’s “Street Signs Asia” on Wednesday. That, he said, means …
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