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France Becomes The First Country In The World To Ban Oil & Gas Production

20Dec By RishabhNo Comments

INSPIRATIONAL

France Becomes The First Country In The World To Ban Oil & Gas Production

The parliament of France has approved to pass a law to ban all exploration and production of oil and natural gas by the year 2040 within the country and its overseas territories. Under that law that passed a final vote on Tuesday, the permits of existing drills will not be renewed and no new exploration licenses will be granted. The French government claims the ban is a world first. However, it is largely symbolic since oil and gas produced in France accounts for just 1% of domestic consumption. The rest is imported. Environment Minister Nicolas Hulot says the law shows "current generations can take care of future generations." The ban is part of a larger plan to wean the French economy from fossil fuels and to fulfill France's commitments under the Paris climate agreement to cur...

After A Failed Attempt At Ola Cafe, Ola Acquires Foodpanda In A Reply To UberEATS

19Dec By RishabhNo Comments

ACQUISITION

After A Failed Attempt At Ola Cafe, Ola Acquires Foodpanda In A Reply To UberEATS

Indian cab-aggregator unicorn Ola has acquired Foodpand India, run by Germany-based Delivery Hero Group. Run by ANI Technologies Pvt Ltd, Ola will also be investing around $200 million in Foodpanda's Indian business over an undisclosed period of time. "Foodpanda India will benefit from Ola's scale and efficiencies as a platform, also having leveraged learnings from Delivery Hero's global best practices. Ola and Delivery Hero will continue to collaborate on building the online food delivery ecosystem in India," Ola said in a statement announcing the acquisition. After the acquisition goes through, Saurabh Kochhar, current CEO of Foodpanda India will be succeeded by Ola's founding partner Pranay Jivrajka, Kochhar has decided to move on and pursue other opportunities. This acquisition is...

This Japanese Company Is Paying Its Employees In Bitcoins

19Dec By RishabhNo Comments

Story

This Japanese Company Is Paying Its Employees In Bitcoins

Japanese web giant GMO Internet Group recently revealed that it will soon start paying its employees, a part of their salary through Bitcoin, Bitcoin and digital cryptocurrency website Coindesk reported. As per the release, GMO will be rolling out this system from February 2018 within GMO Internet Co. Ltd. expansion across the entire group and its over 4,000 employees to follow. The employees will have an option to have a part of their monthly salaries, with lower limit being 10,000 Yen (around $88) and an upper limit of 100,000 Yen (around $882) as Bitcoin. "(the employees).. will also receive a bonus of 10 percent of the chosen amount as a 'incentive'" the release stated. Tokyo-based GMO first entered the cryptocurrency space with the opening of an exchange in May 2017. The com...

Know About The Sensex Zig-Zag Happened On Gujarat And HP Election Day

18Dec By RishabhNo Comments

Market

Know About The Sensex Zig-Zag Happened On Gujarat And HP Election Day

The BSE Sensex and NSE Nifty rose after falling over 2% in the opening trade on Monday under the influence of close fight in voting between BJP and Congress in Gujarat and Himanchal Pradesh. The disturbance also weakened against the US Dollar, while bond yield hit a fresh 16-month high. As the market opened, BSE Sensex was down by 531.93% points (1.59%), to 32,931.04 while the Nifty 50 fell 217.30 points (2.10%) to 10,115.95. The market also saw rupee opened at 64.23 against a dollar and touched a low of 64.40. At 09:15, rupee was trading at 64.39 dollar, down 0.54% at the time it closed on Friday at 64.05. The 10-year bond yield was at 7.192%, a level last seen on 3 August 2016, compared to its previous close of 7.134%. At 09:42 all the 19 sectoral indices declined, with BSE Teleco...

These 5 Cryptocurrencies Other Than Bitcoin Are Attracting Investors

15Dec By RishabhNo Comments

ANALYSIS

These 5 Cryptocurrencies Other Than Bitcoin Are Attracting Investors

Starting from $1000 this year, Bitcoin has ramped up to around $20,000. With the launch of Bitcoin futures this week by Chicago-based derivatives exchange Cboe Global Markets, the prices are still expected to shoot up. The Bitcoin "bubble" has ignited a series of discussions on the Wall Street, questioning whether the Bitcoin is the new way of doing business. Many financial markets are now treating Bitcoin and other cryptocurrencies as legitimate financial assets. While on the other hand, firms like JP Morgan call it a "fraud" and claim that those who traded in digital currency are just being "stupid". The debate can go long whether to or not to invest in cyptocurrencies. Nonetheless, the boom in Bitcoin value has also helped its rivals surge. In some parts of the world, people are e...

Airbus CEO To Step Down In 2019, Know Why

15Dec By RishabhNo Comments

News

Airbus CEO To Step Down In 2019, Know Why

European multinational corporation Airbus that designs, manufactures, and sells civil and military aeronautical products worldwide recently said that its CEO Tom Enders will step down from his post in April 2019. Airbus is now preparing for a complete transition of its top management with the departure of two seniors as the planemaker grapples with corruption allegations. The company said Enders, who will have been at the helm of Airbus and defense firm EADS for 14 years, won't seek another term. The 59-year-old was quoted Friday as saying Airbus needs "fresh minds for the 2020s" and he would use the remainder of his time to ensure a smooth transition and to strengthen the company's ethics and compliance programs. While Enders will be stepping down when his term ends in 2019, A...

Starbucks’ WiFi Was Hijacking Customer’s Laptop To Mine Cryptocurrency

14Dec By RishabhNo Comments

Tech

Starbucks’ WiFi Was Hijacking Customer’s Laptop To Mine Cryptocurrency

A user, named Noah Dinkin recently revealed in a Twitter post that Starbucks' free in-store WiFi in Buenos Aires was secretly hijacking customers' laptops to mine cryptocurrency. The hijack was revealed on Dec. 2 when Stensul CEO Noah Dinkin noticed a 10 second delay while connecting to the public WiFi at a Starbucks cafeteria in Buenos Aires, Argentina. After a little research, he found out that customers who were trying to access the free WiFi were having their electronic devices infected with a malicious code which was mining cryptocurrencies. After the post went viral, Starbucks did apologize for the mishap, but after several customers exposed to the hijack. How did they do it? Dinkin revealed that he uncovered a suspicious code embedded in Starbucks' reward-site for Argentina tha...

Google Search Trends 2017: Mukesh Ambani Top Trending Business Leader, Sunny Leone Top Trending Entertainer

13Dec By RishabhNo Comments

News

Google Search Trends 2017: Mukesh Ambani Top Trending Business Leader, Sunny Leone Top Trending Entertainer

India's most valued company Reliance Industries Limited chairman Mukesha Ambani and wife Nita Ambani topped the trending business leaders list in Google Search in 2017. The most valued couple is followed by other business leaders who appeared quite frequently in the news of 2017. Azim Premji, chairman of Wipro Limited made it to the third position, followed by Vishal Sikka, Nandan Nilekani, Gautam Adani, Anand Mahindra, Vijay Shekhar Sharma, N. Chandrasekaran and Uday Kotak. Google announced the trending search results on Wednesday. The analytic shows the popular search is different fields such as Bollywood, entertainment, business, songs, lyrics, videos, memes and many more. They can be viewed here! This year, Bollywood and Cricket seemed to dominate the search engine. Bahubali 2...

Flipkart Completed Buyback Share Programme Worth $100M, With 3,000 Participants

13Dec By RishabhNo Comments

BUSINESS, INDIA

Flipkart Completed Buyback Share Programme Worth $100M, With 3,000 Participants

Indian online e-commerce giant Flipkart has recently completed its $100 million re-purchase of employee stock options (ESOPs), marking it the largest share buyback programme in Indian startup history, a financial daily reported. In a release on Wednesday, Flipkart said that over 3,000 existing and former employees of Flipkart, PhonePe, Myntra, and Jabong had participated in this programme, Mint reported. “Employees are our biggest source of strength, without whom Flipkart couldn’t have built the e-commerce industry in India. As an organisation, we believe they should be equal partners in Flipkart’s success. This ESOP repurchase programme is an extension of that culture, and a token of thanks for the dedication and hard work they have put in over the years. We’re delighted to be setti...

Hackers Steal $79 Million In Bitcoin From Crypto Marketplace NiceHash

12Dec By RishabhNo Comments

News

Hackers Steal $79 Million In Bitcoin From Crypto Marketplace NiceHash

Another Bitcoin security breach costed $79 million to a cryptocurrency exchange site NiceHash. NiceHash posted the theft on Facebook: In the breach, $79 million worth of bitcoin was stolen by hackers from NiceHash's servers, in a scenario where Bitcoin reaches to almost $16,800. "In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency," NiceHash said in the post. Andrej Škraba, marketing head of NiceHash told WSJ that 4,700 bitcoins were stolen from the company's Bitcoin wallet. The hackers hacked the account in a single swipe and the worth of loot will keep increasing as the price of Bitcoin climbs up. The volatile behaviour of Bitcoins is ce...

11Dec By RishabhNo Comments

CHINA

Know About World’s Biggest Floating Solar Project In China

The world's biggest 1 billion yuan($151 million) floating solar project in China, has connected to the grid. according to press-statement on December 10. Started by a unit of China Three Gorges Corp., China Three Gorges New Energy Co. the 150MW project started in July, 2017 is located in Panji District, Huainan City, Anhui Province. The plant is situated on a man-made lake which formed after collapsing and flooding a coal mine. The project will have 166,000 solar panels, producing clean energy, in a country that has some of the world's worst air pollution. Coal burnt for power and steel smelting is the principle cause of air pollution in these areas. "The coalmine was very hot and the air was bad. But here I feel safe. The new energy is safe." said a coal-miner. China is now wo...

Steve Wozniak Slams iPhone X Face ID, Said He Was An Early Investor In Bitcoins

8Dec By RishabhNo Comments

Entrepreneurs Talk

Steve Wozniak Slams iPhone X Face ID, Said He Was An Early Investor In Bitcoins

[dropcap]A[/dropcap]pple co-founder Steve Wozniak (aka "Woz") shared his insights about his experience with iPhone X. Talking about Apple's flagship smartphone which was launched on its 10th anniversary, is something Woz said,"..its not what I would want." He also highlighted the point that digital giants like Google and Facebook are raking in massive profits, at the expense of consumers. Wozniak was one of the speakers at the one day conference at Pivot Summit in Geelong, focused on providing insight about emerging tech. Pivot Summit is held annually aiming to bring Australian and international thought leaders to share their views on future of digital. Speaking at the summit, Steve Wozniak shared some of his college memories where he used to type term papers throughout the ni...