Business

Waldo Swiegers | Bloomberg via Getty Images A worker walks past the Marikana platinum mine, operated by Lonmin Plc, in Marikana, South Africa, on Monday, Nov. 9, 2015. South Africa’s Sibanye-Stillwater has agreed to buy Lonmin, valuing the troubled platinum producer at about 285 million pounds ($382.47 million), the two companies said on Thursday. Under
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Blue Origin, the rocket company founded by Jeff Bezos, said that on Tuesday an updated New Shepard booster launched, landed, and successfully deployed the unmanned Crew Capsule 2.0. It was the rocket company’s first launch in 14 monhts. The seventh mission for New Shepard launched midday from Blue Origin’s facility in the desert of west
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One of the demands that the countries are making of Qatar is that it close Al Jazeera, a Middle-East focused news network with global reach, which they accuse of sympathizing with Islamist movements, such as the Muslim Brotherhood. Al Jazeera has responded to the allegations by insisting that it has editorial independence, telling the BBC
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Wild investment into the cryptocurrency market mirrors the record sum paid for the world’s most expensive painting last month, according to the creator of Ethereum. The cryptocurrency market has seen an unprecedented level of interest from investors this year. Bitcoin, the world’s largest digital currency, has risen more than 1,500 percent since the start of
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Patrick T. Fallon | Bloomberg | Getty Images David Simon, chairman and chief executive officer of Simon Property Group Starbucks and Amazon-owned Whole Foods are the latest victims of retail landlords pushing back against companies shuttering stores and trying to bypass contractual agreements. Recently, the largest U.S. mall owner, Simon Property Group, claimed a high-profile
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Forward-thinking legal thinkers are helping us grasp these dynamics. For example, Rory van Loo has described the status of the “corporation as courthouse“—that is, when platforms like Amazon run dispute resolution schemes to settle conflicts between buyers and sellers. Van Loo describes both the efficiency gains that an Amazon settlement process might have over small
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Deputy National Security Adviser Dina Powell will depart the White House “early next year,” press secretary Sarah Huckabee Sanders said Friday. In a statement, the White House spokeswoman called Powell “a key, trusted advisor in this administration,” but said “she has always planned to serve one year before returning home to New York.” Sanders said
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Customers of mobile-only banking start-up Revolut had a tough time accessing the app Thursday. The financial technology firm lets people spend and transfer money internationally without fees. But when it decided to allow users to buy, hold and exchange cryptocurrencies including bitcoin, Ethereum and Litecoin, some ran into difficulty. Revolut introduced a temporary queuing system
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The reforms do have their shortcomings, however. The ‘bailing in’ of private investors has not worked as intended so far, a reduction in banks’ heavy exposure to government debt has not been tackled and loosely regulated investment funds are turning into “shadow banks” by slowly taking business away from regular lenders. The Basel reforms have
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A Sears investor is urging the embattled department store chain to consider going private, among other strategic alternatives. Memento S.A., a Switzerland-based investment manager for the Elarof Trust, which owns about 2 millions shares in Sears, issued an open letter to the company Thursday morning, expressing concerns over “historical patterns of alarming short-selling activity” in
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China has an ambitious plan to become a global leader in innovation and technology, and that could potentially bode very well for German multinational company Merck KGaA. The company is one of the leading names in science and technology and does business across three sectors: health care, life science and performance materials. The latter two
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The president has said that inquiries into his financial dealings would be a “violation” of the special counsel’s mandate. Mueller is investigating ties between the president’s top advisers and Russia. Trump has repeatedly denied accusations that his campaign colluded with the Russian government. Press secretary Sarah Sanders on Tuesday called the reports that Mueller subpoenaed
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