Renato Berardo

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Chinese investment bankers missing

Citic Securities unable to reach Chen Jun and Yan Jianlin as authorities widen investigation into stock market crash<p>• Gui Minhai: the strange disappearance of a publisher who riled China’s elite<p>One of China’s biggest securities companies has said it has been unable to contact its top two investment …

China

The biggest fast food chains in the U.S., and their humble beginnings.

All hail the American entrepreneur who came up with crispy fried chicken and these spinach and feta wraps from Starbucks. A look at the biggest fast food joints and their brand value, along with a peak into their past.

Fast Food

Wal-Mart Sues Puerto Rico Over 'Astonishing And Unsustainable' Tax Increase

Wal-Mart Puerto Rico, Inc. (Wal-Mart PR), the Puerto Rico arm of the venerable Wal-Mart chain, has filed a lawsuit against the Commonwealth of Puerto Rico in a bid to overturn certain new tax laws the retailer says are discriminatory and violate federal laws and the U.S. Constitution. The case is</i> …

Android Phone Lets You Share Secrets

Phil Zimmermann says that people have the right to whisper in each other’s ears and tell secrets – and he’s been enabling the digital equivalent of that since the early 1990s.<p>Zimmermann is a computer scientist, cryptographer, personal privacy evangelist, and the programmer who wrote Pretty Good …

Android Phones

How much is a craft brewery worth? How about a billion dollars?

Home brewers who simply want to concoct a great-tasting beer for friends and family now have a reason to aim higher. A billion reasons, actually.<p>San Diego's Ballast Point, a craft brewery that got its start in the back of a home-brew supply store in 1992, is being bought by alcoholic beverage …

Beer

China reports rise in counterfeit and shoddy products

A Chinese government report has highlighted the country's mounting problems with the online sale of goods. It said a huge proportion of items sold on …

China

Deutsche Bank is paying $258 million for moving money it shouldn’t have

Deutsche Bank today (Nov. 4) joined Standard Chartered, HSBC, and BNP Paribas in paying big fines for providing financial services to enemies of the state.<p>Its US subsidiary settled charges by the Federal Reserve and the the New York Department of Financial Services over wiring a collective $11 …

Financial Services

Robot revolution: rise of 'thinking' machines could exacerbate inequality

Global economy will be transformed over next 20 years at risk of growing inequality, say analysts<p>A “robot revolution” will transform the global economy over the next 20 years, cutting the costs of doing business but exacerbating social inequality, as machines take over everything from caring for …

Globalization

Expedia Spends $3.9 Billion On HomeAway, The Biggest Airbnb Competitor

The travel booking site is snapping up the only major competitor to Airbnb.<p>Expedia is buying the vacation rental site HomeAway for $3.9 billion, as both companies feel competitive pressure from the rise of Airbnb.<p>Expedia said on Wednesday that it would pay $37.86 in cash and stock for each HomeAway …

Panera to Use All Cage-Free Eggs by 2020

Panera Bread is hopping on the cage-free egg bandwagon. The chain announced that it will use 100 percent cage-free eggs by 2020.<p>This will apply to …

Wells Fargo agrees to $81.6 million payout to settle claims

HOUSING<p>Wells Fargo agrees to $81.6 million payout<p>Wells Fargo Bank has agreed to pay $81.6 million to settle claims that it failed to notify homeowners in bankruptcy of changes in their mortgage payments.<p>The Justice Department said Thursday that the lender’s failure to give borrowers timely notice …

How Tim Hortons captured the flavour of new media

Jason Priestley did not invent the Priestley.<p>The biggest celebrity marketing opportunity to fall in Tim Hortons Inc.'s lap – arguably ever – was the brainchild of the writers at U.S. sitcom <i>How I Met Your Mother.</i> That opportunity took the form of a monstrosity, created by stuffing a chocolate Timbit …

China is on track to surpass U.S. as world's biggest movie market by 2017

Despite the recent economic slowdown in China, the country's film market is growing even faster than anticipated.<p>China is now on track to overtake the United States as the world's largest film market by 2017, said Mike Ellis, who heads the Asia Pacific operations of the Motion Picture Assn. of …

The Tianjin explosion damaged Jaguar Land Rover cars worth $379 million

The cost of the massive Tianjin port blasts that rocked China in August is still being assessed, and the latest victim to make its damage public is Tata Motors, India’s largest automobile company.<p>The carmaker—part of the $134 billion Tata Group—said on Nov. 06 that the blast had damaged 5,800 …

Shareholders sell off BHP Billiton after fatal bursting of dam

Market Report: Shares in BHP Billiton plummeted to the bottom of the FTSE 100 after a dam at an iron mine, that it partly owns, in Brazil burst.<p>Shares in miner <b>BHP Billiton</b> plunged 5.7pc to 975p after a dam at an iron ore mine in Brazil that it partly owns burst on Thursday evening.<p>One person was …

Living in London is now 40% more expensive than it was in 2005

On Monday morning, Boris Johnson announced that the London Living Wage has risen by 40.3% in the past ten years, reflecting the huge rise in the cost of living in the capital.<p>The news came as Johnson announced that the Living Wage has been increased by £0.25 ($0.39) per hour and now sits at £9.40 …

Boris Johnson

The cloud wars explained: Why nobody can catch up with Amazon

Even as the startup craze starts to cool in Silicon Valley, Amazon, Microsoft, and Google all reported bang-up earnings last quarter, not least because of their big bets on the cloud.<p>What exactly are these companies selling? Who's buying it? And why is one company that wasn't even in enterprise …

Amazon Web Services

Art Collection of Former Sotheby's Owner Raises $377 Million

Sotheby’s hosted the first of four auctions featuring the collection of A. Alfred Taubman, a former owner and chairman of the auction house. The …

These Five Companies Take 70% of Your Online Dollars

With earnings season in full swing for many companies, one observation has become apparent: the biggest Internet giants are hogging the majority of …

'SmartPole' installation in Hollywood features LED lighting and 4G LTE connectivity

By the end of the week, a total of 24 SmartPoles are set to be installed across the Hollywood area. Over the coming year, we’ll see 100 more and a further 500 planned for the future throughout all of Los Angeles.<p>SmartPoles are a collaboration between Philips and Ericsson that feature energy …

Linux Ransomware Is Now Attacking Webmasters

A new bit of ransomware is now attacking Linux-based machines, specifically the folders associated with serving web pages. Called Linux.Encoder.1 the ransomware will encrypt your MySQL, Apache, and home/root folders. The system then asks for a single bitcoin to decrypt the files.<p>From Dr.Web …

Stronger than steel and stretchier than elastic, synthetic silk could transform clothing

DUBLIN -- If Bolt Threads has its way, the clothes of the future could be made from synthetic fibres similar to the web fired from Spider-Man's wrists. How's that for wearable technology?<p>Imagine for a moment that someone from the 1950s time-travelled to today. They would no doubt be astounded by …

Facebook ads are about to get even more personal

Site is offering small businesses new location-aware adverts, to let them distinguish between users in different places<p>Already alarmed by how well Facebook’s adverts seem to know you? They are about to get even more specific.<p>The social media company is rolling out two new ad products aimed squarely …

Social Media

How one startup connects farmers and restaurants in Japan to eliminate food waste

<i>(By Takeshi Hirano, The Bridge) –</i> Tokyo-based startup Planet Table launched an online food ordering platform called Send in August, aiming to connect food producers and restaurant chefs directly.<p>When crop, dairy and livestock farmers register their data into the platform, consumers such as …

Agriculture

This could become the most expensive diamond in the world

The anticipated sales prices for the two stones are part of a trend that has seen the market for coloured diamonds explode, with values more than doubling over the last two decades.<p>"The biggest reason is the scarcity of these coloured diamonds," explained Rahul Kadakia, the International Head of …

Fine Art

Kroger is building the grocery store of the future

For example, few customers probably are aware that every time they walk into a Kroger, an infrared camera notes their arrival.<p>In 2012, Kroger rolled out QueVision, a technology platform that uses sensors and predictive analytics to feed managers real-time data — the first and currently only system …

eCommerce

Budget airline WOW air will offer $99 flights from California to Iceland

Iceland's WOW air plans to offer flights to Reykjavik, Iceland, from San Francisco and Los Angeles starting at $99, beginning next summer.<p>For west …

Box Office: 'Spectre' Spies Huge $80.4 Million Overseas Debut

As expected, Sony and EON Productions’s latest James Bond adventure, <i>Spectre</i>, started with a box office bang in its United Kingdom debut. The film debuted in the UK last Monday night, nearly two weeks ahead of its domestic opening this coming Thursday night, where it snagged a whopping $6.4 million …