What the German election means for the euro zone

What the German election means for the euro zone

Chancellor candidate Armin Laschet of the German Christian Democrats (CD). Sean Gallup | Getty Images News | Getty Images LONDON — The upcoming election in Germany could disappoint other European governments that are looking for more integration in the single currency area — a sensitive topic that many market players are monitoring. The 19 euro zone nations follow the same monetary rules and share the same currency, but fiscal policies are still mostly decided at the national level. This is often a source of concern every time there’s a crisis in the region, simply because it often takes the euro...

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Elon Musk says Starlink will IPO when cash flow is more predictable

Elon Musk says Starlink will IPO when cash flow is more predictable

SpaceX founder and Tesla CEO Elon Musk visits the construction site of Tesla’s gigafactory in Gruenheide, near Berlin, Germany, May 17, 2021. Michele Tantussi | Reuters Tesla and SpaceX CEO Elon Musk said he will only publicly list satellite broadband service Starlink when its cash flow is more predictable. Starlink, which is currently operated by space exploration firm SpaceX, allows people to connect to the internet via a satellite dish that is placed on or near their property. The internet is beamed down to the dish via Starlink satellites that have been put into orbit by SpaceX. “Going public sooner...

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Hong Kong journalists blame ‘government oppression’

Hong Kong journalists blame ‘government oppression’

A man holds the last print edition of Hong Kong pro-democracy newspaper Apple Daily from his car. Dominic Chiu | SOPA Images | LightRocket via Getty Images When asked about Apple Daily’s alleged offenses, Hong Kong’s Secretary for Security John Lee said last week that “we are talking about a conspiracy in which the suspects tried to make use of journalistic work to collude with a foreign country or external elements to impose sanction or take hostile activities against Hong Kong” and China. Apple Daily had come under increasing pressure by Hong Kong authorities. Its owner, media tycoon Jimmy Lai,...

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China plans to send its first crewed mission to Mars in 2033

China plans to send its first crewed mission to Mars in 2033

A Long March-7 Y3 carrier rocket carrying the Tianzhou-2 cargo spacecraft blasts off from the Wenchang Spacecraft Launch Site on May 29, 2021 in Wenchang, Hainan Province of China. Yuan Chen | VCG | Getty Images GUANGZHOU, China — China plans to send its first crewed mission to Mars in 2033 as it continues to boost its space ambitions in a battle with the U.S. The world’s second-largest economy is planning regular crewed missions to the Red Planet. Wang Xiaojun, head of the state-owned China Academy of Launch Vehicle Technology, outlined the country’s Mars plans for the first time this...

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Siemens hikes growth targets as it continues pivot toward tech

Siemens hikes growth targets as it continues pivot toward tech

wallix | iStock Editorial | Getty Images German industrial giant Siemens on Thursday presented a new growth strategy, in which it said it will continue to pivot toward developing and advancing its digital tech business. “Digitalization, automation and sustainability are growth engines for our business,” Chief Executive Roland Busch said in a statement Thursday as the company announced its intention to “accelerate high-value growth as a focused technology company.” Presenting its new growth strategy ahead of its investor day, Siemens said that following the spin off of Siemens Energy in 2020, the company is now a “focused technology company that...

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Visa to buy Swedish fintech start-up Tink

Visa to buy Swedish fintech start-up Tink

Visa Inc. credit and debit cards are arranged for a photograph in Washington, D.C., U.S., on Monday, April 22, 2019. Andrew Harrer | Bloomberg | Getty Images LONDON — Visa has agreed to acquire Swedish financial technology start-up Tink for 1.8 billion euros ($2.1 billion). The deal comes after the payment giant’s bid to buy American fintech firm Plaid was torpedoed by U.S. regulators. Source link

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Covid is deadlier this year than all of 2020. Why do Americans think it’s over?

Covid is deadlier this year than all of 2020. Why do Americans think it’s over?

Fans in the audience react as The Foo Fighters reopen Madison Square Garden on June 20, 2021 in New York City. Kevin Mazur | Getty Images As the U.S. pushes ahead with its reopening, easing mask mandates and lifting public health restrictions, much of the rest of the world is seeing an alarming surge in the number of Covid-19 infections and deaths. The stark contrast underscores how unevenly the coronavirus pandemic has spread, now hitting low-income nations harder as they struggle with access to vaccines, the rapid spread of new variants and heavily burdened health-care systems. It also shows why,...

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Mining bitcoin could get easier after China crypto crackdown

Mining bitcoin could get easier after China crypto crackdown

LAN network cables plugged into a Bitcoin mining computer server are pictured in Bitminer Factory in Florence, Italy, April 6, 2018. Alessandro Bianchi | Reuters With China cracking down on cryptocurrencies, it may soon become much easier — and more profitable — to mine bitcoin. Last month, Beijing called for measures to stamp out bitcoin mining amid concerns over its environmental impact. This has already resulted in crypto miners fleeing China for other regions, like North America. China’s crackdown intensified over the weekend, with authorities in the hydropower-rich Chinese province of Sichuan ordering crypto miners to shut down operations. According...

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Paralympic Games could enable a more inclusive post-pandemic recovery

Paralympic Games could enable a more inclusive post-pandemic recovery

This summer’s Tokyo Paralympics present an opportunity for businesses to embrace a vastly underrepresented segment of the workforce and aid the global coronavirus recovery, experts said. The decades-old Games, which showcase the sporting talents of leading disabled athletes, have been instrumental in removing taboos around often “shunned or excluded” members of society, International Paralympic Committee CEO Mike Peters told CNBC. That, in turn, has helped stir up important conversations about how businesses and society at large can better understand and engage the 1.3 billion people globally with a lived experience of disability. “Aside from the fact that it’s an incredible...

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Doctor shortage contributed to Japan’s slow vaccine rollout: Professor

Doctor shortage contributed to Japan’s slow vaccine rollout: Professor

A shortage of doctors and nurses in Japan’s aging population contributed to the country’s sluggish Covid vaccine rollout, says Keio University professor Sayuri Shirai. As of June 21, only 18.3% of Japan’s population has received at least one Covid vaccine dose, according to Our World in Data. In comparison, more than 50% of people in the U.S. have received one dose of the vaccine while that figure is even higher in the U.K. at 63.6%. “In an aging society it’s very difficult to find doctors and nurses. And local government, they don’t have enough people to administer [the vaccines]. So...

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