Miscellany

Miscellany

Big tech faces onslaught from all sides

Shakespeare said “It is excellent to have a giant’s strength, but it is tyrannous to use it like a giant.”

Google, Amazon, Facebook, Apple and other technology juggernauts are in the fight of their lives over accusations they failed to heed the Bard’s warning. A backlash is building that threatens to tie the companies’ hands in powerful ways.

More and more Indians now queuing up for EB-5 visa

It’s Uncle Sam calling for many rich individuals in India. The number of rich Indians who are exploring the EB-5 visa route to relocate to the US for business expansion, career prosperity or for their children’s better education is on the rise.

More and more Indians now queuing up for EB-5 visa

It’s Uncle Sam calling for many rich individuals in India. The number of rich Indians who are exploring the EB-5 visa route to relocate to the US for business expansion, career prosperity or for their children’s better education is on the rise.

VW unveils electric minibus to take on Uber in app-based rides

Volkswagen AG’s Moia division unveiled a six-seater, battery-powered minibus to enter the market of app-based ride hailing and car-pooling, taking on the likes of Uber Technologies Inc.

The modified van will begin roaming the streets of Hamburg in the second half of next year, although Moia aims to roll out the service internationally, Ole Harms, chief executive of the division, said on Monday at the TechCrunch Disrupt conference in Berlin. He expects services using Moia minibuses to replace 1 million cars across European and U.S. cities by 2025.

Internet must have security & humanity, Tim Cook tells China

Apple Inc. Chief Executive Officer Tim Cook  (in pic) made his first appearance at China’s World Internet Conference, using the surprise keynote to call for future internet and AI technologies to be infused with privacy, security and humanity. Cook made the comments on Sunday at the opening ceremony for the conference -- an event designed to globally promote the country’s vision of a more censored and controlled internet. It’s the second Chinese appearance in two months for the executive, who met with President Xi Jinping in October.

EasyGov entitlement engine catches eyeballs

EasyGov, the cloud based solution that provides Indian citizens an easy and convenient access to welfare schemes and services from the government, generated a lot of interest at the Global Entrepreneurship Summit (GES) 2017, held at Hyderabad.

New vaccine, long-acting drug trials buoy hopes in HIV fight

Research-ers anounc-ed the launch of two big studies in Africa on Thursday to test a new HIV vaccine and a long-acting injectable drug, fuelling hopes for better ways to protect against the virus that causes AIDS. The start of the three-year vaccine trial involving 2,600 women in southern Africa means that for the first time in more than a decade there are now two big HIV vaccine clinical trials taking place at the same time.

Catch your dream date at Madame Tussauds

Don’t be surprised to hear prime minister Narendra Modi come alive with his speech as you approach his lifelike wax sculpture at Delhi’s revamped historic Regal Theatre that now houses Merlin Entertainments’ iconic Madame Tussauds.

The India chapter and 23rd edition of this world-acclaimed wax museum opens doors to visitors from Friday.

Leverage risks seen high for Indian banks

Indian and Chinese banks are most exposed to high corporate leverage risks. They are followed by Indonesia, Vietnam, Korea and Hong Kong, a report of global rating agency Moody’s has said.  Referring to India, the agency said that a high share of debt is owed by weak and small companies.

Bitcoin tops $11,000, marks 11-fold rise in 2017

Virtual currency bitcoin soared to an all-time high above $11,000 on Wednesday on major exchanges and digital currency indexes, including the widely followed Luxembourg-based trading platform BitStamp.

The cryptocurrency broke through the $11,000 barrier, for the first time, despite warnings from traditional marketplaces and market-watchers. The digital currency was trading at $11,395 per coin, according to Reuters data. A 15 per cent increase from Tuesday brings its gains for 2017 to date to more than 1,000 per cent.

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