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Top oil exporter Saudi Arabia called Sunday for extending cooperation between OPEC and non-OPEC producers beyond 2018, after a deal to cut output succeeded in shoring up prices.

JPMorgan makes push into payments technology

JPMorgan appears to be making a big push into payments technology. A new markets report signals that digital banking becomes a strategic priority for the "bulge bracket banks."

Workers need to be empowered by digital technology

According to Sundar Pichai, CEO of Google the adoption of digital technology by businesses should 'empower' workers and not 'alienate' them from the task in hand.

Starbucks opens first cashless store

Ubiquitous coffee chain Starbucks is to open its first cashless store as a pilot. The store is located in the company's birthplace of Seattle. If successful this alternative retail model could be rolled out to other coffee shops.

Amazon draws up shortlist for second HQ

Amazon, the world’s leading e-commerce site, is on a global hunt for a second site to act as its headquarters. Now Amazon has drawn up a top twenty potential cities, and several major North American cities have made the shortlist.

Morgan Stanley is jumping on the bitcoin futures bandwagon

Morgan Stanley is clearing bitcoin futures trades for clients, according to Bloomberg News. It joins rival Goldman Sachs and a number of large brokerages.

IMF urges Germany to loosen purse strings

IMF chief Christine Lagarde has joined calls on Germany to invest in future economic growth even at the cost of relaxing its cherished budgetary discipline, raising hackles in Europe's powerhouse.

TransCanada pushes forward with Keystone XL pipeline

Canadian pipeline company, TransCanada announced on Thursday that it had obtained 20-year commitments to ship 500,000 barrels of crude oil a day through the controversial pipeline, "positioning the proposed project to proceed."

Iraq signs deal with BP to develop oil fields retaken from Kurds

Iraq signed a contract Thursday with British energy giant BP to develop oil fields in the northern province of Kirkuk that were retaken from the Kurds last year.

Business Process Management is central to digital transformation

Companies undertaking the digital transformation journey should be focusing on Business Process Management, according to analysts. One challenge of this strategy is ascertaining exactly what this management approach involves.

Dow Jones breaks through 26,000 but ends lower January 16

Just in the past seven trading days, the Dow Jones Industrial Average (DJIA) rose from 25,000 all the way to over 26,000 for a brief period on January 16 but gave back all its gains and ended up below its open at the close.

Economists call for overhaul of eurozone fiscal rules

Leading economists from France and Germany on Wednesday called for new fiscal rules for the eurozone and the creation of an independent watchdog to help to make the single currency more resilient against crises in the future.

DR Congo revises mining code to make most of battery-driven cobalt boom

As demand for batteries drives a surge in the price of cobalt, the Democratic Republic of Congo is gearing up to overhaul its mining regulations to harvest more profit from the coveted metal.

French brace for 'massive' imports of South American beef

Cedric Mandin, who raises some 800 Charolais cows with his brother in France's Vendee region, is the fourth generation of his family to own their farm, and he fears he will be the last.

Sports platform evolves Blockchain based infrastructure

The sports site Sportco has developed a schema to reward its regular readers. A blockchain-based algorithm will measure the involvement and influence of individual readers upon the other readers and issue rewards.

Sweet deal: Nestle sells US candy to Ferrero for $2.8 bn

Nestle said Tuesday it has agreed to sell its US candy business to Italy's Ferrero for CHF 2.7 billion ($2.8 billion/2.3 billion euros) in cash as the Swiss food giant shakes up its product portfolio.

Airbus gets early 2018 jump on rival Boeing with Mexico order

Airbus got an early jump on rival Boeing for 2018 with news Tuesday that low-cost Mexican airline Volaris has ordered 80 of its popular A320 planes for a total $9.3 billion.

China economy beat expectations in 2017: AFP survey

China's economy exceeded Beijing's annual growth target in 2017, analysts said in an AFP survey, overcoming the government's battles against massive debt and pollution-spewing factories.The world's second largest economy expanded 6.

As coal declines, renewables take over U.S. electrical generation

Renewable energy appeared to be a huge winner in the U.S. in 2017, with the latest figures showing that solar and wind power represented 94.7 percent of the net new electricity capacity.

Oil hovers near $70 highs while U.S. and Canada output increases

Oil prices started the week just below $70 on Monday, pressured by a rising U.S. rig count, even as the price of crude continues to hover near record three-year highs.

UK govt keeps 'close eye' on struggling firm Carillion

The British government is keeping a "very close eye" on construction and outsourcing group Carillion, a senior minister said Sunday, amid reports it could go into administration within days.

How Algebraix Data aims to give consumers their data rights back Special

Algebraix Data is a company that is taking on Internet giants like Facebook, with the aim of giving consumers their data rights back. Digital Journal caught up with Charlie Silver, CEO of Algebraix Data.

Designing custom and state of the art blockchain: Interview Special

ExeBlock Technology Corp. develop blockchain programming for both companies and themselves. Shortly company intends to launch their first decentralized app (Dapp) called EXE 50/50 which is a white label solution for 50/50 draws.

BankMobile, aiming to make banking affordable: Interview Special

BankMobile is the largest technology-enabled bank in the U.S. in terms of number of consumer checking accounts, and its popularity is growing. To find out why this is we spoke with Luvleen Sidhu, Co-Founder of BankMobile.

Fintech is targeting millennials using AI

Millennials as a demographic are seen as technology savvy, but not particularly active investors. Fintech firms are targeting millennials using new technologies to tap into an otherwise underserved market.

Carrier plant Trump made campaign deal with lays off more workers

Over 200 workers clocked in for their final shifts on Thursday at Carrier Corp. in Indianapolis in the latest round of layoffs at a plant President Donald Trump toured in December 2016 trumpeting his deal to save jobs and prevent its closure.

China's global trade surplus falls, but grows with US

Chinese exports and imports picked up steam last year thanks to strong global demand, data showed Friday, but its surplus with the United States, a sensitive issue with Donald Trump, widened.Exports expanded 7.9 percent while imports soared 15.

Fiat Chrysler to invest $1 bn on back of US tax reform

Italian-American automaker Fiat Chrysler on Thursday unveiled a plan to invest $1 billion in a Michigan assembly plant and offer bonuses to tens of thousands of employees, saying the measures were possible because of US tax reform.

S&P pushes Brazil credit rating further into junk to BB-

International credit ratings agency Standard and Poor's on Thursday pushed Brazil further into junk territory, lowering the long-term ratings of Latin America's biggest economy to BB-.

Walmart announces closing of dozens of Sam's Club stores

Walmart confirmed Thursday that it is closing dozens of Sam's Club warehouse stores across the country, laying off thousands of employees, on the same day it announced that it was boosting its starting salary for U.S. workers.

Want shares in Dropbox? Here's your opportunity

The popular file sharing site Dropbox is set to go public during 2018. Rumors of a public flotation have been appearing for several years.

Digital transformation should be about service improvement

The Australian government has been criticized for using digital transformation purely as a vehicle for cutting jobs rather than seeking to improve services for the public good.

Kering no longer for Puma, focus on luxury

France's Kering said Thursday it would distribute shares in German sporting goods maker Puma to its shareholders to focus exclusively on the luxury sector.

China denies report it could halt US bond purchases

China denied on Thursday a report that it may slow or cease its purchases of US Treasury bonds, calling it a possible case of "fake news" after the dollar tumbled following the story.

China denies report it could halt US bond purchases

China on Thursday denied a report that it may slow or cease its purchases of US Treasury bonds, which sent the dollar falling.

Canada braces for possible US exit from NAFTA trade pact: source

Canada is bracing for a possible US withdrawal from the tripartite North American Free Trade Agreement, a source said Wednesday, ahead of the next round of negotiations due to start in Montreal later this month.

Mylo, a fintech app that invests Canadians spare change

The Montreal-based fintech app Mylo makes investing more affordable by rounding users purchases up to the nearest dollar and investing the spare change.

US slaps tariffs on Canadian paper imports

The United States hit Canada with yet another round of punitive import tariffs, this time for as much as 10 percent on paper used to print newspapers and books.

Trump to make surprise appearance at Davos

Donald Trump will take his populist message directly to the world's political and business elite later this month, becoming the first US president to attend the World Economic Forum in Davos in nearly 20 years.

NAFTA has worked for US oil industry: executive

The US oil industry has benefitted from the free trade pact with Canada and Mexico, and an industry representative on Tuesday urged the Trump administration to keep the deal intact.

World Bank upgrades global growth forecasts as recovery strengthens

For the first time in many years, the World Bank's outlook for the global economy is better than expected rather than worse, with all regions seeing improved growth, according to its latest forecast released Tuesday.
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