Landmark Financial Seoul Korea Blog
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Despite the news, economic reports and my Twitter feed, when I look at the state of Small Business in the U.K., I find many reasons to be optimistic. I’m not on my own here am I? I know there is plenty in the news that could get small businesses down; from economic challenges, talk of the high street “dying,” and small business confidence down for another quarter – the longest period it’s been down since the last recession.
From Jack Ma to Pony Ma, the leading lights of China’s internet industry gather in Shanghai this week to showcase the country’s latest advances in artificial intelligence. But the real headliner could be American entrepreneur Elon Musk.
Costco Wholesale Corp.’s first outlet in China opened on Tuesday and was soon overrun with customers willing to fight over discounted products and wait hours to pay for their purchases.
The American retail giant had to suspend operations in its Shanghai store in the afternoon citing “heavy traffic and customer flows,” according to a text message sent by the company to consumers holding its membership card. The message was shared on Weibo, China’s micro-blogging website.
Norway’s wealth fund proposed overhauling its global holdings, calling for a shift away from Europe in a move that would allow it to boost its U.S. stock investments by as much $100 billion and take a larger chunk of the biggest technology companies.
In a letter sent to the Finance Ministry released on Tuesday, the $1 trillion fund recommended that its investments “be adjusted further towards float-adjusted market weights by increasing the weight of equities in North America and reducing the weight of equities in European developed markets.”
Esports organization ReKTGlobal has signed Benjamin “DrLupo” Lupo to a multiyear deal that will have the top Fortnite streamer serve as the face of the company.
The 32-year-old Omaha native, who was recently named one of Time magazine’s 25 most influential people on the internet, will now represent the esports media and tech conglomerate through appearances, streams and sponsorship activations.
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Ziraat Bank, Turkey’s largest bank by assets, has stopped offering services to Venezuela’s Central Bank in wake of tougher U.S. sanctions that raise the stakes for companies that do business with the Caribbean nation.
The Ankara-based state bank confirmed the closing of its account without providing further details. Venezuela’s Central Bank was relying on Ziraat to pay contractors, move money and import products in Turkish liras. A Venezuela Central Bank press official didn’t respond to requests for comment.
The Dow Jones Industrial Average posted its largest decline this year and government-bond markets sent a fresh warning about the risk of a coming recession, highlighting anxiety on Wall Street about the prospects for the decadelong economic expansion.
The Dow industrials slumped 800.49 points, or 3%, to 25479.42, led by sharp declines in economically sensitive industries such as banking and manufacturing.
Source: https://www.wsj.com/articles/asian-stocks-gain-on-tariff-delay-11565769562?mod=e2tw
Rarely has a minor consumer product received more vilification than the plastic straw. As a symbol of human wastefulness and our careless disregard for the environment, straws are the near-perfect villain. You use a plastic straw once and toss it, but it stays with us forever, sitting in a landfill, floating in the sea or harming wildlife.
That’s why some local governments like that of New York City have stopped allowing them, along with other single-use plastics. This seems like a perfectly reasonable thing to do, even though plastic straws comprise only a small part of the total volume of plastic disposed of each year.
Elon musk, perhaps the world’s most famous entrepreneur, is sometimes referred to as “the Trump of technology”—not for political reasons, but because of his habit of making, at short notice, spectacular pronouncements that stretch the bounds of credibility. On July 16th he was at it again, unveiling a new type of brain-machine interface (bmi). If human beings do not enter a symbiosis with artificial intelligence (ai), he declared, they are sure to be left behind. And he, the announcement implied, was going to be the man who stopped that happening.
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