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Burberry, which has been in the crosshairs for burning tens of millions of dollars of its products, is far from the only firm to destroy unsold goods to maintain the exclusivity and luxury mystique of their brands.

New startup attempts to make cryptocurrency easier: Interview Special

Paris-based startup, Tempo, has launched a payment network that simplifies the exchange process from cryptocurrency to fiat money. Anthony Barker, CTO of Tempo explains more.

Mnuchin calls on China, EU to make tariff concessions

US Treasury Secretary Steven Mnuchin said on Saturday he will be pushing China and the EU to agree to a more "balanced" relationship on trade when he meets with finance ministers at the Group of 20 convention in Buenos Aires.

Fiat turn to Jeep's Manley to replace ailing Marchionne

The boards of Fiat Chrysler (FCA), Ferrari and CNH Industrial on Saturday chose Jeep's Mike Manley to replace ailing emblematic boss Sergio Marchionne, Italian media reported.

'Anti-ai' chatbot nabs $2.2 million during seed funding round

Landbot, dubbed as the 'anti-ai' chatbot, has raised $2.2 million during their seed funding round. In a market filled with companies looking to make the most advanced ai-powered bots, is this a much needed reprieve?

AI for understanding and enhancing human communication: Q&A Special

Many companies are using AI to learn words in the flow of dialogue. Building on this, is an AI solution for understanding and enhancing human communication. Micha Breakstone explains more.

Knowledge College connects patients and insurance companies

Fellow Health Partners have announced the launch of the “Knowledge College.” This is designed to be a process of continuous, formal training intended to increase the successful interaction between patients and insurance companies, for U.S. healthcare.

Why Microsoft stock is good for tech investment Special

Microsoft's stock has risen in the U.S. following the company reporting its report its fourth-quarter earnings. The company is one of the few to keep the Dow Jones Industrial Average in the green.

Who is the king of the micromobility industry?

New research from CB Insights about the "meteoric" rise of bike and scooter sharing startups suggests that mega-deals are driving the frenzy.

Insurtech startups disrupting the financial landscape

Insurance is in a deep wave of change and a considerable part of this transformative process is coming from new, aggressive insurtech startups. We profile three leading examples.

French automaker PSA confirms plans to re-enter US market by 2026

French automaker PSA confirmed Thursday its plan for a gradual return to the US market even if Washington follows through on a threat to impose tariffs of up to 25 percent on auto imports.

China, UAE ink trade, oil deals ahead of Xi visit

China and the United Arab Emirates on Thursday announced oil and trade deals ahead of a state visit by President Xi Jinping to the Gulf state.State-owned Abu Dhabi National Oil Co. said it had awarded two contracts worth $1.6 billion to BGP Inc.

Cloud based phone system helps manage remote teams: Q&A Special

Managing sales teams remotely can be challenging for businesses. Aircall is one solution: a cloud based phone system built to enable remote collaboration for sales and support teams. Olivier Pailhes, CEO of Aircall explains how this technology works.

Late-stage ventures drove Q2 global funding growth

According to research from Crunchbase on global Q2 2018 venture capital dealmaking, this most recent quarter puts 2018 on track to break 2017's "record-breaking" deal volume totals.

Brand trust is needed to win over traditional consumers

The balance within business has swung more towards consumers and away from established brands. This is due to greater competition, with startups using digital technology to cut into established spaces. This gives consumers more voice.

Blockchain for aerospace supply chains to be showcased

Accenture is set to unveil a blockchain prototype designed for the aerospace industry supply chains at the international Farnborough Airshow, which takes place in the U.K.

PSA eyeing Canada amid Trump auto tariff threat

French automaker Groupe PSA may turn to Canada rather than entering the US market if Washington follows through on threats to impose blanket tariffs on auto imports, the company's regional chief said Tuesday.

Oil trader Vitol embraces clean energy with wind power fund

Vitol Group, the world’s largest independent oil trader, is launching a new fund with Low Carbon to invest in wind farms in Europe, joining a string of oil majors making moves into renewable energy.

Netflix plunges 14 percent after missing subscriber additions

Netflix's stock got hammered after the bell after reporting that it added far fewer subscribers in the second quarter than Wall Street was expecting — and warned of another subscriber shortfall to come in the third quarter.

New cryptocurrency exchange launches in Canada

A new cryptocurrency exchange for everyone from the 'Crypto Curious' to experienced investors has launched in Canada, offering a way to "solve the pain and confusion of purchasing cryptocurrency for Canadian investors."

WeWork's merger signals further shift to mobile office work

WeWork has combined forces with its fiercest rival in China, Naked Hub; and another big player in the mobile office arena, Ucommune, is buying up smaller rivals. The moves signal a changing workplace.

Weinstein Co. sale finalized, owners Lantern take over

Harvey Weinstein's one-time production company no longer exists. On Monday, its new owners confirmed they had concluded the purchase of The Weinstein Company and introduced its successor, Lantern Entertainment.

Tesla shares tumble after Musk tweet controversy

Tesla shares stumbled Monday as chief executive Elon Musk faced criticism over a public spat with a British diver who worked on the Thai soccer team rescue.Shares of the electric car maker were down 3.5 percent in late-morning trading at $307.

UN launches digital experts panel

The Secretary-General of the United Nations, António Guterres, has emphasized the importance of new technology, and he has launched a new UN-backed digital experts panel.

Overcoming challenges of logistics with digital technology: Q&A Special

Despite improvements with digital technology, errors with logistics still occur. Naviaddress has developed a system which provides verified addresses, in the form of ID numbers, for any location or object in the world. Dmitri Moiseev explains more.

What is the average cost of a data breach?

IBM Security and Ponemon Institute released their study on the average cost of a data breach. In it they found that data breaches are only going up in cost, and in the volume of records stolen.

A Starbucks rival in China raised $200 million in Series A round

Luckin Coffee, a serious (and possibly the only) challenger to Starbucks in China, has been given a big funding boost in their first-ever round.

Ontario shuts down EV rebates leaving Tesla owners owing $14,000

Some Tesla customers say they now have to fork over an extra $14,000 for their new Model 3 electric cars because of Ontario's sudden decision to end an incentive program for electric and hydrogen vehicles.

GoGoVan raises $250 million in latest funding round

Hong Kong's first minted unicorn (as of last year), GoGoVan, a last-mile delivery startup, has raised $250 million in a Series D funding round announced Friday.

Q2'18 was good to US-based AI startups

PwC and CB Insights have released their MoneyTree™ Report for Q2 2018 and US-based artificial intelligence companies saw an increase in funding, but not an increase in deals.

Artificial intelligence accelerator opens in Montréal

NEXT Canada has announced it has expanded its startup accelerator scheme, focused on artificial intelligence, to Montréal. Prospective startups can begin pitching for places in the program in September, although one place is up for grabs in July.

EU probes Alstom, Siemens rail merger

The EU launched an in-depth investigation Friday into the merger of the rail activities at Alstom, the state-controlled maker of France's iconic TGV trains, and German industrial giant Siemens.

China economic growth eased slightly in Q2: AFP poll

Chinese growth slowed only slightly in the second quarter as the impact of the deepening trade conflict with the United States was yet to kick in, according to analysts surveyed by AFP.

GM increases Chevy Bolt EV production 20 percent to meet demand

The Chevy Bolt EV has proven to be more popular than expected in the U.S., Canada, and South Korea - so much so that General Motors will increase production of the electric car by 20 percent in response to higher-than-expected demand.

AI has the potential to reduce cyberattacks: Interview Special

As data becomes more pervasive and more accessible, cybersecurity and privacy concerns continue to be on the rise as well. Can AI can continue to advance without risking highly personal and valuable information? Dan Baird of Wrench.AI shares his views.

Why the workforce needs to change for digital transformation: Q&A Special

The future of work is no longer just about filling today's open needs; it is about re-evaluating the work and the workforce of tomorrow. Michael Gretczko, of Deloitte explains what is needed for the future.

Amazon to open fifth fulfillment centre in Ontario

E-commerce giant, Amazon is expanding its footprint in Canada, with a fulfillment center in Ottawa that will create 600 full-time jobs.

Founder of Bustle and Bleacher Report reportedly buys

The defunct gossip blog has a new owner. Bustle and Bleacher Report founder Bryan Goldberg put in the winning $1.35 million bid for the website in an auction held Thursday in Manhattan, according to the Wall Street Journal.

Former Tesla employee files 'whistleblower' tip with SEC

A former Tesla employee who calls himself a whistleblower has filed a formal tip with the Securities and Exchange Commission (SEC) that alleges Elon Musk’s electric car start-up misled investors and put its customers at risk.

EU slashes eurozone growth forecast on US trade war tensions

The EU on Thursday slashed its growth forecast for the eurozone in 2018, warning that the rising trade tensions with the United States were hitting the economy.

Kylie Jenner, 20, on cusp of billionaire status: Forbes

Aged just 20 and the youngest member of the extended reality-TV Kardashian clan, Kylie Jenner is on track to become America's youngest "self-made" billionaire, Forbes revealed Wednesday.
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