Airbus CEO sees 'flying car' prototype ready by end of year
MUNICH Airbus Group plans to test a prototype for a self-piloted flying car as a way of avoiding gridlock on city roads by the end of the year, the aerospace group's chief executive said on Monday. Airbus last year formed a division called Urban Air Mobility that is exploring concepts such as a vehicle to transport individuals or a helicopter-style vehicle that can carry multiple riders. The aim would be for people to book the vehicle using an app, similar to car-sharing schemes. "One hund..>> view originalSterling volatile as market speculates on 'hard Brexit'; investors await May's speech
Stretch explained that when May encouraged the pound negativity back in October, she failed to recognize or attempt to mitigate the impact of the slide. "Expect much the same this time, indeed expect an attempt to make a virtue of the move via benefits to the export sector." The currency has seen a lot of volatility since the U.K. voted to leave the European Union. While the initial moves were dramatic, plunging from the highs of $1.50 to a 31-year low of $1.32, the currency fell a fur..>> view originalSKorea's Samsung in Rough Patch With Arrest Request, Recalls
SEOUL, South Korea — A request by South Korean prosecutors to arrest Lee Jae-yong, the 48-year-old vice chairman and de facto leader of Samsung Electronics, has added to the troubles for the country's most valuable company after a spate of recalls last year.Lee faces allegations he offered $36 million in bribes to a friend of President Park Geun-hye, who has been impeached. Prosecutors say they also suspect him of embezzlement and lying under oath. A Seoul court will review the request for his..>> view originalWho are the 8 richest people? All men, mostly Americans
FILE - In this Tuesday, Dec. 13, 2016 file photo, Bill Gates arrives to Trump Tower in New York. The eight individuals who own as much as half of the rest of the planet are all men, and have largely made their fortunes in technology. Gates co-founded Microsoft in the mid-70s, growing it into the world’s biggest software company and helping to make computers a household item. (Seth Wenig, file/Associated Press) By Associated Press January 16 at 4:15 AM DAVOS, Switzerland — The eight indiv..>> view originalJPMorgan Upgrades Indonesia, Lifting Call That Riled Jakarta
JPMorgan Chase & Co. upgraded its assessment of the Indonesian stock market, reversing an earlier bearish call that prompted Jakarta to stop doing business with the U.S. bank.The bank’s analysts raised their "tactical" view of Indonesian equities one level to “neutral” in a report dated Monday, saying volatility in emerging-market bonds following Donald Trump’s U.S. election victory in November should now subside. The upgrade came two weeks after Indonesia’s government cut business ties with JP..>> view originalStark Inequality: Oxfam Says 8 Men as Rich as Half the World
The same report a year earlier said that the richest 62 people on the planet owned as much wealth as the bottom half of the population. However, Oxfam has revised that figure down to eight following new information gathered by Swiss bank Credit Suisse. Oxfam used Forbes' billionaires list that was last published in March 2016 to make its headline claim. According to the Forbes list, Microsoft founder Gates is the richest individual with a net worth of $75 billion. The others, in order of rankin..>> view original
Monday, January 16, 2017
Airbus CEO sees 'flying car' prototype ready by end of year and other top stories.
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