George Constantin

15 Flips | 1 Magazine | @djgeorgeconmck4 | Keep up with George Constantin on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “George Constantin”

China’s debt bubble is getting only more dangerous

By Matt O'Brien<p>It would be like finding out Warren Buffett's financial empire may have been, quite possibly, a sham.<p>That's what happened last year when China's richest man — at least on paper — lost half of his wealth in less than half an hour. It turned out that his company Hanergy may well just …

Ukraine meets with investors in effort to strike debt deal

In a news release issued following the meeting, Ukraine's Finance Ministry said it reaffirmed its support for a proposed three-month maturity extension for Ukreximbank debt maturing in April.<p>Ukraine is seeking to restructure the banks' bonds under an International Monetary Fund-backed overhaul of …

Russia denies German report it is ready to sign gas deal with Greece

MOSCOW/BERLIN (Reuters) - Russia denied on Saturday a German media report suggesting that it could sign a gas pipeline deal with Greece as early as Tuesday which could bring up to five billion euros into Athens’ depleted state coffers.<p>Russian President Vladimir Putin (R) and Greek Prime Minister …

Finance officials see rising risks to economic recovery

WASHINGTON (AP) — World finance officials said Saturday they see a number of threats on the horizon for a global economy still clawing back from the …

ECB's Draghi won't 'contemplate' Greek default

WASHINGTON — The head of the European Central Bank said Saturday he won't "even contemplate" the possibility of a Greek default on its debt repayments next month and that such an event would throw the eurozone into "uncharted waters."<p>At a news conference at the International Monetary Fund-World …

Tesla loses its third China executive in a year amid weak sales

HONG KONG (MarketWatch) — The dismal Chinese sales for Tesla Motors Inc.’s electric cars have seemingly upset Chief Executive Elon Musk, as the …

U.S. oil production reaches all-time high amid depressed crude prices

Domestic oil production has reached a new high of 9.2 million barrels daily, according to a new government report.<p>The total is the most since 1983, …

Scientists Have Figured Out a Way to Convert Solar Energy Into Liquid Fuel

Researchers at Harvard have discovered how to convert solar energy into liquid fuel, potentially accelerating our switch to the alternative-energy …

Last-ditch talks to end Ukraine's war as fighting rages

Leaders of Ukraine, Russia, Germany and France hold a tense summit in Minsk aimed at ending 10 months of fighting in Ukraine as fresh violence claimed more lives<p>As soldiers in eastern Ukraine continued to shell each other mercilessly, there was no disguising the intense discomfort as Vladimir Putin …

Greek debt deal still far off after crisis talks

Europe made little progress Wednesday in averting a new crisis that could force Greece to drop the euro.<p>Greece's new government, led by left-wing party Syriza, says half a decade of austerity has condemned the country to a downward spiral that is impoverishing its people and making it impossible to …

Demonstrators in Athens and Brussels tell EU finance ministers – no more austerity!

While Europe’s finance ministers were discussing Greece’s future, only a few metres away demonstrators were sending their own message. It was one of solidarity with the Greek people – “No more troika no more austerity.”<p>“Hope for change in Europe is coming from Greece. There is no doubt about that. …

Apple’s electric car plans

It looks like Apple is working on an electric, possibly autonomous automobile. Numerous publications have reported that Apple CEO Tim Cook started the project about a year ago, which followed a M&A meeting with Tesla’s Elon Musk in the Spring of 2013.<p>We must remember that Apple has many R&D …

Tesla factory racing to retool for new models

FREMONT, Calif. — Xavier, Wolverine, Iceman, Thunderbird and Cyclops were all working hard.<p>In balletic movements, the massive robots, among the world's largest industrial machines, were silently building Tesla electric cars.<p>Named by Chief Executive Elon Musk after popular comic book characters, the …

Hackers Pull Off Largest Bank Heist Ever, Steal $1B From 100 Banks In 30 Nations: Report

A gang of hackers, allegedly operating out of Russia, Ukraine and China, stole nearly $1 billion over the last two years from 100 banks in 30 …

Tesla's Elon Musk takes aim at 'Apple's Achilles heel'

“Ultimately,” wrote KickingBear’s Guy English nearly three years ago, “the retention of talent will be Apple’s Achilles’ heel. The smartest people …