Orral Nadjari, founder and chief executive officer at Britishvolt Ltd., discusses the building of the U.K.’s first battery gigaplant, the funding for the plant and how the pandemic has impacted the business. He speaks on “Bloomberg Markets: European Open.” Bloomberg Markets news video.
The European Union is set to unveil sweeping legislation adding to the regulation facing internet companies, such as Amazon, Alphabet and Facebook. The tech giants are warning the new rules may hinder innovation and are holding a video call with EU officials later today. Bloomberg’s Maria Tadeo reports on “Bloomberg Markets: European Open.” Bloomberg Markets news video.
Tayo Oviosu has plans to migrate cash-reliant consumers in Nigeria and Ethiopia onto his brand-new digital platform, one that also allows users to trade stocks and bonds, too. Many people in African countries rely solely on cash to handle their transactions, but Tayo Oviosu has an idea to change all that—and not just in Africa. QuickTake Bloomberg’
President Donald Trump, who declared “I don’t make money from China” in Thursday night’s presidential debate, has in fact collected millions of dollars from government-owned entities in China since he took office. Forbes estimates that at least $5.4 million has flowed into the president’s business from a lease agreement involving a state-owned bank in Trump Tower.
The Industrial and Commercial Bank of China signed a lease for space in 2008, years before the president took office, paying about $1.9 million in annual rent. Trump is well-aware of the deal. “I’ll show you the Industrial Bank of China,” he told three Forbes journalists touring Trump Tower in 2015. “I have the best tenants in the world in this building.”
Electric automaker Fisker Chairman and CEO Henrik Fisker speaks with Yahoo Finance’s Myles Udland and The Final Round panel to discuss the new IPO, how the company differentiates itself from other electric car manufacturers, and outlook for the future. #electriccars #EV #Fisker Yahoo Finance News video.
Stimulus talks remain at a standstill just days before the 2020 Presidential election. Ric Edelman, Founder of Edelman Financial Engines, joins Yahoo Finance’s Zack Guzman to discuss how investors should be prepare their portfolios amid market uncertainty. #coronavirus #COVID19 #stimulus Yahoo Finance video.
Los Angeles is best known as the center of Hollywood film and TV production. But it’s also home to the largest container port in North America, the adjacent ports of Los Angeles and Long Beach. Every year, this facility handles more than nine million individual cargo containers, and processes more than $276 billion worth of goods flowing in and out of the ports. You might not know it, but this is a real hotspot for advanced technology vehicles. It’s the single biggest entry port for goods from Asia – cars, clothes, electronics, everything that Americans buy – probably passes through these ports. With all of that activity, it takes a huge number of vehicles to keep cargo flowing armies of big trucks, loaders, forklifts, and the side armies of big trucks, loaders, forklifts powered by gasoline and diesel fuel….. Forbes news video.
An artificial intelligence lab at Stanford University has created some of the most powerful and controversial video manipulation and analysis technology ever imagined. This episode of Hello World explores how the scary tool of 21st century propaganda could be put to good use. #Business #AI #DeepFake QuickTake Originals Bloomberg
UBS Group AG Chief Executive Officer Sergio Ermotti, who hands over to Ralph Hamers at the end of the month, discusses the Swiss lender’s better-than-expected third-quarter profit, shareholder payouts and the outlook for the global economy amid the coronavirus pandemic. He speaks with Bloomberg’s Manus Cranny from Zurich. Bloomberg Markets and Finance News video.
Sri Paravaikkarasu, director of Asia oil at industry consultant FGE, discusses the outlook for the market. Oil slid toward $40 a barrel in New York with OPEC+ warning of a precarious outlook for the market as a resurgent virus hits consumption. Paravaikkarasu speaks with Rishaad Salamat and Haslinda Amin on “Bloomberg Markets: Asia.” Bloomberg Markets and Finance video.