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$150 Million Artificial Intelligence Institute Backed By Canadian Government And Businesses Groups

With the intention to fund an artificial intelligence institute at the University of Toronto, about C$200 million ($150 million) is being arranged for by the Canadian and Ontario governments who have teamed up with a group of businesses, project organizers said.   With the significant...

Albeit With Staggered Brexit Shift, London Banks Try To Calm Staff Nerves

As London based banks work out how many jobs will have to move to continental Europe as Britain exits the European Union, they are treading carefully, enacting two-stage contingency plans, to avoid losing nervous London-based staff.   Launching two years of negotiations that will shape the...

UK PM May Urged To Drop Threat Of No Brexit Deal By U Manufacturers

Claiming that they would bear the brunt of trade barriers with the EU, U.K.’s Prime Minister Theresa May on Monday was requested to drop her threat that she might take the country out of the European Union without a new trade deal by Britain's manufacturers.   May was already has warned the...

Extension Oil-Output Cut By Six Months Being Looked Into By OPEC And Non-OPEC Countries

A decision to review whether a global pact to limit supplies should be extended by six months was announced by a joint committee of ministers from OPEC and non-OPEC oil producers, the cartel said in a statement.   The committee "reports high level of conformity and recommends six-month...

Data Suggests, A Boon For Americans Travelling Abroad Is Global Turmoil

Costs for U.S. travelers seeking the best international deals may have been helped by the global uncertainty and the effects of President Donald Trump immigration policy which may be suppressing bookings from abroad.   With flights from the seven countries listed in the president's...

Business Activity Hits Its Highest Level Since April 2011, Shows Euro Zone PMI Data

According to survey data released on Friday, there was cause to rejoice for Europe’s industry as the euro zone businesses grew during March at their fastest pace since April 2011.   Ahead of both February's reading of 56.0 and median consensus expectations of 55.8, the euro zone March flash...

On A New Aerial Frontier Emerge The Drone Catchers

While drones are gaining popularity very fast, working on counter-drone systems as small consumer and commercial drones proliferate is Silicon Valley startup Airspace Systems and some 70 companies. But instead of disabling them or shooting them down, it aims to catch drones, unlike others.  ...

Better Standards Called For By Online Advertisers Group

The advertising industry was urged to stop using annoying online marketing formats that have fuelled the rapid rise of ad-blockers by a broad coalition of advertising trade groups, ad buyers and sellers from Western Europe and the United States.   Pop-up advertisements, auto-play video ads...

Trump’s Orders For Fuel Economy Standards Review Seen As A Big Win For Automakers

Handing a victory to auto industry executives and provoking criticism from Democrats and environmental groups, U.S. President Donald Trump on Wednesday ordered a review of tough U.S. vehicle fuel-efficiency standards put in place by the Obama administration.   Trump promised he would...

Only Bitcoin Has Managed To Do Something That Alternative Cryptocurrency Ether Has Just Done

In a feat that only bitcoin has managed to achieve in the digital currency world, the market capitalization of a cryptocurrency called ether exceeded $2 billion and it hit an all-time high on Monday.   Run on a different blockchain to the one that powers bitcoin, ether runs on an...

Sources Say U.S. Reassured EU On Privacy Directive

During a meeting with the EU digital chief, no changes to a pact enabling billions of dollars of data flows were indicated by U.S. Secretary of Commerce Wilbur Ross who gave no indication of any plans to change U.S. privacy protections on the pact.   The previous government at the helm of...

Approval Of Trump Trademark In Line With Law Says China Defending Its Decision

A senior Chinese commercial official said on Friday to the media that primarily since they met legal standards, initial approval on dozens of new trademarks in China for U.S. President Donald Trump trademarks were granted.   The U.S. president and his family were given protection in China...
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