Just in case you hadn’t heard… The Shanghai Composite index fell 8.5pc despite emergency measures to shore up the market, with a roster of the biggest blue-chip companies down by the maximum daily limit of 10pc. The mood was further soured by news that corporated profits in China are now contracting in absolute terms, fallingContinue reading “China losing control as stocks crash despite emergency measures – Telegraph”
Category Archives: CurrentEvents
Hacking Drones Close to Being Drawn up by Boeing and Hacking Team
Well, I hope everyone enjoyed Wi-Fi. Leaked emails between Italian spyware vendor Hacking Team and Boeing subsidiary Insitu revealed that drones carrying malware to infect targeted computers via Wi-Fi by flying over their proximity is close to becoming a reality. via Hacking Drones Close to Being Drawn up by Boeing and Hacking Team.
China’s Debt-to-GDP Ratio Just Climbed to a Record High – Bloomberg Business
Outstanding loans for companies and households stood at a record 207 percent of gross domestic product at the end of June, up from 125 percent in 2008, data compiled by Bloomberg show. via China’s Debt-to-GDP Ratio Just Climbed to a Record High – Bloomberg Business.
Saudi Arabia borrows $4B as oil price reality hits home
Wow. The Saudis once had literally more money than they could spend. I believe I once read a figure of generating something like $600 million a day from oil exports. Saudi Arabia has borrowed $4bn from local markets in the past year, selling its first bonds for eight years as part of efforts to sustain highContinue reading “Saudi Arabia borrows $4B as oil price reality hits home”
Columbus terminates contract with red light camera company | News Radio 610 WTVN
LOL. Columbus has terminated its contract with red light camera company Redflex after its former CEO pleaded guilty to bribing city leaders, including some in Columbus and Cincinnati. via Columbus terminates contract with red light camera company | News Radio 610 WTVN.
