Vedaraman Natarajan

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Elon Musk bets he can fix Australia’s energy issue in 100 days or it’s free

What are the odds?<p>Elon Musk has promised to solve ongoing power problems in the state of South Australia by committing to build a 100MW battery storage farm, and promising that if he couldn’t provide the system within 100 days, he would give it to the state for free.<p>The Tesla CEO made the promise …

More than a third of UK graduates regret attending university

Report finds graduates have just £150 spare each month after living costs and half feel a degree has not helped their life path<p>More than a third of graduates regret going to university, and half reckon they would have landed their current job without having to study for a degree, according to …

Bank shares plunge across Europe as stress tests warn of contagion

Italian and German banks incur heavy losses, weighed further by prospect of prolonged period of low interest rates<p>Bank shares across Europe have slumped, as investors digested the results of health checks on major lenders and the impact of low interest rates on their long-term health.<p>Shares in …

Investing

UK pay: British workers see biggest fall in wages - TUC

<b>Workers in the UK have suffered the biggest fall in wages among the world's richest countries since the financial crisis, research has suggested.</b><p>Between 2007 and 2015 wages in the UK fell by 10.4%, a drop equalled only by Greece, the analysis by the TUC found.<p>Women's pay in particular needs to be …

OECD

Singapore seizes $177m as part of Malaysia corruption probe

<b>Singapore plans to take "firm regulatory actions" against four major banks over their dealings with scandal-ridden Malaysian state fund 1MDB.</b><p>1MDB is at the centre of a global corruption investigation.<p>The local units of Standard Chartered and UBS, Southeast Asia's biggest lender DBS and Falcon Bank …

Economic Development

Brexit dents global economic outlook, fiscal stimulus ahead - Reuters poll

REUTERS - Confidence in prospects for the global economy has been dented following Britain’s vote to leave the European Union, with a growing view that monetary policy is a fading force and many governments now need to borrow and spend, Reuters polls showed.<p>Broad worries about political risks are …

Economy

The economics of GST

Yet another session of Indian Parliament begins with hopes that there will finally be a political agreement to clear the way for the goods and …

This drone flies 70 mph and it was made by an 18-year-old

George Matus Jr. may be 18 years old but don't call him a novice when it comes to all things drone.<p>By age 12, Matus had already built his first flying quadcopter and was serving as a test pilot for a drone company.<p>Five years later, he was selected among 2,800 applicants to be a Thiel Fellow from …

Drones

GE agrees deal with China's Huawei to improve productivity

<b>US manufacturing giant General Electric has agreed a deal with Chinese technology and smartphone giant Huawei to help it improve production.</b><p>GE hopes that by connecting all areas within a production process via the internet it can improve productivity, lower costs and reduce emissions.<p>It predicts …

Manufacturing

Is Australia really 'the lucky country'?

http://vod-pro-ww-live.akamaized.net/mps_h264_hi/public/news/business/1251000/1251967_h264_1500k.mp4?__gda__=1518130871_2ed0fe915e7725fc1d095bb388588741<p><b>For anyone who enjoys shopping, Westfield will be a familiar name.</b><p>The shopping centre giant owns malls across the world and attracted some 400 …

Australia

Uber just completed its two-billionth trip

It took Uber nearly six years to complete a billion trips, but only six months to finish another billion. Today, Uber CEO Travis Kalanick announced his company hit its two-billionth trip on June 18th — with the added caveat that the two billionth car ride was actually 147 trips that began …

Uber

Brexit could cut London house prices by more than 30%, says bank

Société Générale warns high-end properties could even halve in value as companies move top staff abroad<p>London property prices could fall by more than 30% in the wake of Britain’s vote to leave the EU and may halve in the most expensive parts of the city, according to analysts at the French bank …

ARM Holdings in £24bn Japanese takeover deal

<b>ARM Holdings, one of the UK's biggest technology companies, is set to announce it is being bought by Japan's Softbank for £24bn ($32bn).</b><p>The board of ARM is expected to recommend shareholders accept the offer - close to a 50% premium on its closing market value of £16.8bn on Friday.<p>The …

Masayoshi Son

Pokémon Go launched in 26 countries, and then its servers crashed

You might say that Pokémon Go doesn’t. Get it?<p>Good news! You’ve created a crazily viral megahit mobile app!<p>Bad news! You need to support a crazily viral megahit mobile app.<p>That’s the story of Niantic, the company behind Pokémon Go. The game has been an instant hit, which means that from the start, …

Pokémon

Turkey has made clear to U.S. that Gulen behind coup plot

ISTANBUL (Reuters) - Turkey’s foreign minister said on Saturday he had made clear in a call with U.S. counterpart John Kerry that followers of U.S.-based cleric Fethullah Gulen were behind a coup attempt, but had not directly discussed the cleric’s possible extradition.<p>A faction of the armed …

North Africa

Man in New Zealand quits his job to play Pokemon Go full-time

<b>A man in New Zealand has quit his job to play Pokemon Go full-time.</b><p>Tom Currie worked as a barista and bartender at a seaside restaurant on the Hibiscus Coast near Auckland, but has decided to jack that in to find digital creatures on his phone instead.<p>He says he's relying on friends and family to …

Pokémon Go

It’s time to wean the UK from economic steroids

“A week is a long time in politics,” Harold Wilson once said. Never have these words rang more true. This was surely a contender for the most eventful seven days in the UK’s peacetime history.<p>I’m pleased we have a new Prime Minister. Last weekend, the Tory leadership contest looked like extending …

Pokémon Go uses little data, but it's still a big drag on mobile networks

Too many trainers trying to be the very best<p><i>Pokémon Go</i>, as one of the most popular mobile games ever released, is a fascinating test case for observing just how taxing a single app can be for an entire network's performance. In an analysis of a small European telecom performed by California-based …

Google Keyboard rolls out colorful themes on Android

Google's Android keyboard now has many more themes to pick from, and they're not as drab as the "material dark" and "material light" options that existed before. With the new version that just hit the Play Store, you've also got a slew of options in shades of red, blue, green, pink, and yeah.. some …

Facebook is bringing Instant Articles inside Messenger

Articles hosted on Facebook will now load faster inside Messenger, too.<p>Facebook is adding Instant Articles — which are articles hosted on Facebook and therefore very quick to load — inside of its standalone messaging app, Messenger.<p>If you see a little lightning bolt in the upper-righthand corner of …

Personalized News

The EU just shot down Google’s main argument that it’s not abusing its search power

Also, a third charge sheet comes — on ads.<p>Europe’s competition authority took two more swings at Google on Thursday, furthering the search giant’s incessant antitrust troubles there.<p>The headline news is the addition of a <i>third</i> charge sheet against Google for market dominance, adding to existing …

Antitrust Laws

Here’s what Apple really meant to say today about its plans to sell web video

Eddy Cue on skinny bundles, translated.<p>Apple has spent years trying to assemble a “skinny bundle” of TV channels that it could sell directly to consumers. Last year it tried it again.<p>So it was surprising to see Eddy Cue, Apple’s top media exec, tell the Hollywood Reporter today that this isn’t …

Smart TV

Facebook says board member Thiel’s GOP convention speech is in ‘his personal capacity’

His views do not represent Facebook’s views, the company said.<p>Facebook said that the upcoming speech by board member and investor Peter Thiel at the GOP convention is "personal."<p>"Peter Thiel is attending and speaking at the RNC in his personal capacity. He is not attending on behalf of Facebook or …

Silicon Valley

Line launched the biggest tech IPO of 2016 | Recode Daily: July 15, 2016

The messaging service got a 26 percent pop.<p>After pushing back its IPO twice in the last couple years, the Japanese messaging service Line finally went public yesterday. Its share price popped around 26 percent to $41.58 a share, a positive sign for what's been an anemic tech IPO market over the …

Mike Pence

All your questions about Pokémon Go, answered

Including the big one: When can we stop talking about Pokémon Go?<p>How does Pokémon Go work? What are the privacy concerns around it? And, most importantly, what is the best Pokémon?<p>On the latest episode of <b>Too Embarrassed to Ask</b>, Recode’s Kara Swisher and The Verge’s Lauren Goode and Sean O’Kane …

Pokémon Go

Attack in Nice: New terror in France months after mass shooting

<b>(CNN) —</b> First, it was a magazine office and a kosher food market. Then a concert venue, football stadium and terrace restaurants. Now it's the seaside city of Nice.<p>Since the beginning of last year, terrorists have targeted France in a series of shootings and bombings mostly aimed at social scenes, …

Extremism

Rate of species decline 'no longer within safe limit' for humans, experts warn

Animal and plant species are declining so quickly that world biodiversity loss is no longer within a “safe limit” and could start to threaten much of …

Tech leaders: 'Trump would be a disaster for innovation'

145 tech power players penned an open letter to the world about Donald Trump.<p>"We have listened to Donald Trump over the past year and we have concluded: Trump would be a disaster for innovation," they wrote in a Medium post published Thursday.<p>The authors of the letter hail from some of tech's most …

Donald Trump

MPs decry 'failed' effort to stop UK property money laundering

Committee says £100bn is being laundered each year and its chairman says system for tackling problem is ‘futile and impotent’<p>Government attempts to stop the UK property market being exploited by international money launderers are “totally inadequate” and the country has instead “laid out a welcome …

Francois Hollande's hairdresser bill shocks the world

A receding hairline and budget cuts won't stop French President Francois Hollande from keeping his well-paid hairdresser by his side.<p>People are reacting with shock, anger and humor since a government spokesperson confirmed the existence of an official presidential hairdresser who makes 9,895 euros …

France