Business

As the world’s largest democracy embarks on a series of dramatic policies expected to transform the entire culture of doing business, its economy is feeling the sting. Ongoing pressure spurred by demonetization and supply chain disruption ahead of July’s Goods and Services Tax (GST) pushed gross domestic product growth to a three-year low in the
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IBM for example has not only built a blockchain for major global banks such as Deutsche Bank and HSBC; it also developed a blockchain-based solution for the food ecosystem that allows producers to trace food contamination in a matter of seconds. Accounting giant EY also unveiled its own distributed ledger solution for the shipping insurance
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Steve Jennings | Getty Images Emerson Collective Founder and President Laurene Powell Jobs speaks in San Francisco, California on September 20, 2017. Billionaire entrepreneur Laurene Powell Jobs took a 20 percent stake in Washington sports empire Monument Sports and Entertainment, according to The Washington Post on Tuesday. People familiar with deal said Jobs’ stake would
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In the immediate wake of the deadliest mass shooting in the U.S., some of Las Vegas’ conference halls and resorts served as makeshift shelters, housing injured concertgoers and distraught residents. But as the day progressed, streets and hotels were reopening, and so far, most events look to be proceeding as planned, but with added precautions.
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But researchers here also try out new ideas. Looking to build a new system for searching with images instead of words, a team in Bangalore turned to Watson to index 600,000 photos from the world’s top fashion shows and Bollywood movies. Last spring, a major Indian fashion house, Falguni Shane Peacock, tried the tool, which
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The GOP tax reform plan unveiled Wednesday would lead to broad reinvestment in manufacturing, according to a survey of American producers released Friday. “Two-thirds of manufacturers said, specifically, that if we get this tax plan through, they’ll invest in new plants and equipment, and hire new workers,” Jay Timmons, CEO of the National Association of
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Andrew Harrer | Bloomberg | Getty Images Travelers wait in line before going through Transportation Security Administration screening at Ronald Reagan National airport in Washington, D.C. The days of rock-bottom Thanksgiving airfares are over. Roundtrip domestic U.S. flights are about 13 percent more expensive this year than in 2016, fetching about $325 on average as
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South Korea‘s financial regulator on Friday said it will ban raising money through all forms of virtual currencies, a move that follows similar restrictions in China on initial coin offerings. The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled
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Hugh Hefner, the iconic founder of Playboy magazine, died at his home, the Playboy Mansion, of natural causes at age 91, Playboy Enterprises said in a statement on Wednesday. Playboy magazine was founded more than 60 years ago to create a niche upscale men’s magazine, combining images of nude women with in-depth articles, interviews and
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New York state’s financial services regulator has issued a subpoena to Equifax Inc demanding it provide more information about the massive data breach the credit-reporting firm disclosed this month, a person familiar with the matter said on Wednesday. New York’s Department of Financial Services (DFS) sent the subpoena to Equifax on Sept. 14, said the
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China is “quite serious about living up to the commitments they have made regarding North Korea,” U.S. Commerce Secretary Wilbur Ross said on Wednesday. The order for mainland lenders to stop doing business with Pyongyang “is a logical next step in the sanctions, and a very important one,” he told CNBC’s “Squawk Box.” “Chinese commercial
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