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Musk: SpaceX not planning to reuse Falcon 9, aims to speed ‘BFR’

Musk: SpaceX not planning to reuse Falcon 9, aims to speed ‘BFR’

SpaceX’s Falcon 9 rocket and Dragon spacecraft lift off from Launch Complex 40 at the Cape Canaveral Air Force Station in Florida, Sept 21, 2014. (Bloomberg pic) NEW YORK: “SpaceX is no longer planning to upgrade Falcon 9 second stage for reusability,” Tesla’s Elon Musk said in a tweet Saturday. Musk says he’s accelerating the […]

November 17, 2018 | By | Reply More
Deutsche Bank’s inconvenient truth about its Germany Inc. ties

Deutsche Bank’s inconvenient truth about its Germany Inc. ties

Deutsche Bank Chief Executive Officer Christian Sewing. (Bloomberg pic) FRANKFURT: As Deutsche Bank AG approaches its 150th anniversary, Germany’s biggest lender is facing an inconvenient truth: it is no longer irreplaceable for the country’s economic elite. From corporate giants to specialist engineering firms, Germany Inc.’s once-solid allegiance to Deutsche Bank is waning after years of […]

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Hard Brexit would be disastrous says German industry

Hard Brexit would be disastrous says German industry

Britain’s Prime Minister Theresa May is fighting to defend a draft deal agreed with the EU. (Bloomberg pic) BERLIN: Britain crashing out of the European Union without a divorce deal would have disastrous consequences for companies and workers in Britain and across Europe, the head of the BDI German Federation of Industry said on Saturday. […]

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Probe Lloyds Chief over whistle-blower, police commissioner says

Probe Lloyds Chief over whistle-blower, police commissioner says

António Horta Osório, Chief Executive of Lloyds Banking Group. (Bloomberg pic) LONDON: A police commissioner is urging UK prosecutors to probe Lloyds Banking Group Plc’s executive directors, including its chief executive officer, for withholding a whistle-blower’s report from the board in 2014. Antonio Horta-Osorio, who took the helm in 2011, didn’t immediately flag that he […]

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German transport minister wants to welcome Uber, others by 2021

German transport minister wants to welcome Uber, others by 2021

Mobile application Uber. (AFP pic) BERLIN: Transport Minister Andreas Scheuer wants to open the German market to carpooling services offered by Uber and other companies by 2021, Focus magazine reported Saturday. Scheuer told Focus in an interview that online taxi services and pooling services could help provide critical services in rural areas, and he wanted […]

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ECB policy makers try to keep a brave face on shaky Euro economy

ECB policy makers try to keep a brave face on shaky Euro economy

For companies with a global reach, trade tensions between the US and China have already eaten into profits, reducing their capacity to bolster European operations. (Bloomberg pic) PARIS: The euro-zone economy is testing the mettle of European Central Bank policymakers, who need to judge whether a multitude of uncertainties are crystallizing into serious risks to growth. […]

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Bill Gates-backed vegan burger maker Beyond Meat files for IPO

Bill Gates-backed vegan burger maker Beyond Meat files for IPO

Sandwiches, made with Savage River Inc Beyond Meat breakfast sausage, are seen during the inauguration of the company’s Manhattan Beach Project Innovation Center in Los Angeles, California, US, on Thursday, July 19, 2018. (Bloomberg pic) SAN FRANCISCO: Beyond Meat Inc, the maker of vegan chicken and beef substitutes including the Beyond Burger, filed for a […]

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Visa, AmEx, Mastercard face Brazilian probe over competition law

Visa, AmEx, Mastercard face Brazilian probe over competition law

Visa Inc and Mastercard Inc credit cards are arranged for a photograph in Tiskilwa, Illinois, US, on Tuesday, Sept. 18, 2018. (Bloomberg pic) NEW YORK: Visa Inc, American Express Co and Mastercard Inc are among firms being investigated by Brazilian regulators over some rules governing use of payment networks. The Brazilian Administrative Council for Economic […]

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Nvidia hands US$824 million windfall to semiconductor shorts

Nvidia hands US$824 million windfall to semiconductor shorts

(AFP pic) SAN FRANCISCO: A semiconductor sell-off sparked by a dismal sales forecast from Nvidia Corp. resulted in a windfall for short sellers. Investors betting against chip stocks had reaped US$824 million in mark-to-market profits as of Friday afternoon, according to financial analytics firm S3 Partners. The majority came from short positions in Nvidia, whose […]

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Airbnb says quarterly revenue topped US$1 bn

Airbnb says quarterly revenue topped US$1 bn

The logo of online lodging service Airbnb is displayed on a computer screen in Paris. (AFP pic) SAN FRANCISCO: Airbnb said Friday it took in more than a billion dollars in revenue in the past three months, calling it the best quarter ever for the home-sharing giant as it readies a stock market offering. “The […]

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