newszine

Caterpillar cuts profit outlook as China construction sales slump

1 hour ago NAMEX Comments Off on Caterpillar cuts profit outlook as China construction sales slump
(Reuters) – Industrial bellwether Caterpillar Inc (CAT.N) reported a drop in sales in the United States and China in the third quarter, leading it to cut its outlook for the year and adding to evidence that the global economy is firmly on the decline. FILE PHOTO: Caterpillar logo is pictured at the ‘Bauma’ Trade Fair Read More

SoftBank adds to financial burden with $10 billion WeWork deal

5 hours ago NAMEX Comments Off on SoftBank adds to financial burden with $10 billion WeWork deal
TOKYO (Reuters) – SoftBank Group Corp’s (9984.T) financial strains escalated on Wednesday as it agreed to spend more than $10 billion to take over office-space sharing startup WeWork, knocking the Japanese tech conglomerate’s already weakened shares. FILE PHOTO: SoftBank Corp placard is prepared during a ceremony to mark the company’s debut on the Tokyo Stock Read More

Google proclaims ‘quantum supremacy’ with new supercomputing breakthrough

5 hours ago NAMEX Comments Off on Google proclaims ‘quantum supremacy’ with new supercomputing breakthrough
Google has claimed the mantle of ‘quantum supremacy’ after its 53-bit quantum computer named Sycamore took just 200 seconds to perform a calculation that would have taken the world’s top supercomputer 10,000 years to crack. The tech giant made the initial claim back in September, which was fiercely disputed by competitors, but now the company Read More

Houston Astros’ AJ Hinch ‘very disappointed’ over report of exec’s alleged Roberto Osuna comments

7 hours ago NAMEX Comments Off on Houston Astros’ AJ Hinch ‘very disappointed’ over report of exec’s alleged Roberto Osuna comments
Houston Astros manager A.J. Hinch on Tuesday criticized the leadership of his own franchise after a series of bungled responses to a report alleging a team executive used a player accused of domestic abuse to taunt female reporters in the celebratory aftermath of the team’s American League Championship Series win Saturday. Hinch addressed the report Tuesday before leading his Read More

‘Prime editing’: Scientists unveil new tool to DESTROY genetic diseases

9 hours ago NAMEX Comments Off on ‘Prime editing’: Scientists unveil new tool to DESTROY genetic diseases
It was once limited to the realm of mad scientists in scary movies, but the potential to alter a living human’s genes to eradicate disease is almost within our grasp, thanks to a new cutting-edge gene-editing tool. The current state-of-the-art gene-editing tool, known as CRISPR-Cas9, is extremely powerful. But its lack of precision, high error Read More

SoftBank clinches WeWork takeover deal, bailing out co-founder

14 hours ago NAMEX Comments Off on SoftBank clinches WeWork takeover deal, bailing out co-founder
(Reuters) – SoftBank Group Corp agreed to spend more than $10 billion to take over U.S. office-space sharing startup WeWork on Tuesday, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control. FILE PHOTO: Japan’s SoftBank Group Corp Chief Executive Masayoshi Son attends a news conference in Tokyo, Japan, Read More

Exclusive: Blackstone, CVC seek to take Paysafe public – sources

20 hours ago NAMEX Comments Off on Exclusive: Blackstone, CVC seek to take Paysafe public – sources
MADRID/FRANKFURT/NEW YORK (Reuters) – Private equity firms Blackstone Group Inc (BX.N) and CVC Capital Partners Ltd are seeking to hire underwriters for an initial public offering (IPO) of Paysafe Group Ltd that could value the payments processing firm at more than $10 billion, including debt, according to people familiar with the matter. FILE PHOTO: The Read More

Anonymous official behind infamous NYT op-ed to release book on Trump White House

22 hours ago NAMEX Comments Off on Anonymous official behind infamous NYT op-ed to release book on Trump White House
The anonymous White House official behind the explosive “resistance” op-ed in the New York Times last year is back, with the unknown author set to release a book billed as an”unprecedented behind-the-scenes portrait of the Trump presidency.” The book, titled “A WARNING,” comes nearly a year after the senior official laid out his scathing attack. According Read More

SoftBank clinches deal to take over WeWork: sources

22 hours ago NAMEX Comments Off on SoftBank clinches deal to take over WeWork: sources
(Reuters) – SoftBank Group Corp (9984.T) has agreed to spend more than $10 billion to take over WeWork, doubling down on an ill-fated investment and paying off its co-founder Adam Neumann to relinquish control, people familiar with the matter said on Tuesday. FILE PHOTO: A WeWork logo is seen outside its offices in San Francisco, Read More

Newt Gingrich: The China threat is real — And THIS is the key to beating back its economic-military machine

1 day ago NAMEX Comments Off on Newt Gingrich: The China threat is real — And THIS is the key to beating back its economic-military machine
In the age of Huawei, the Belt and Road Initiative, and China’s state-sponsored companies, we need the United States Export-Import Bank more than ever. The EXIM Bank, an independent agency, provides government-backed financing for those looking to export goods and services from the United States. Since the 1930s, it has helped grow the U.S. economy and Read More