Daily Archives: 07/07/2016

So how big are Saudi Arabia’s oil reserves, really?

July 7th, 2016 (0)
“How much oil lies beneath the desert sands of Saudi Arabia and how long will it last before running out?” is a question that has intrigued and confounded oil experts for five decades. The kingdom has proven reserves of ...

Brexit: Would Europeans be allowed to stay in the UK?

July 7th, 2016 (0)
Shadow home secretary Andy Burnham says Theresa May’s response to concerns is ‘simply not good enough MPs vote today on whether the government should guarantee the permanent residency rights of EU nationals living in the UK following the referendum ...

Lebanon is the new rival seen in Mediterranean Gas race

July 7th, 2016 (0)
Lebanon parliament likely to pass energy bills soon: lawmaker Dispute ended over offshore energy blocks to be awarded Lebanon may soon approve measures to push ahead with a stalled first auction of offshore oil and natural gas rights, ending ...

Cyprus Blocks Israel-Turkey Gas Pipeline Untill Ankara Mends Ties

July 7th, 2016 (0)
Turkey needs to mend relations with Cyprus before the Cypriot government will allow a Turkish-Israel gas pipeline to cross its territory, a government spokesman said. The remarks came a week after Israel and Turkey reached a rapprochement, ending a ...

10 questions about Brexit’s impact on the auto industry

July 7th, 2016 (0)
The shock waves from the U.K.’s historic vote to leave the EU are about to hit the global auto industry. Analysts predict that falling sales and rising costs are the most likely outcomes for automakers as Europe’s second-largest car ...

VW Will Spend $14.7 Billion to Settle emissions scandal;the largest settlement ever paid by an automaker

July 7th, 2016 (0)
Volkswagen will spend $10 billion on affected car buybacks, $4.7 billion to “mitigate pollution” in the TDI emissions settlement. The estimated cost of Volkswagen’s U.S. diesel emissions cheating just rose by half—to nearly $15 billion, the largest settlement ever paid by ...

Forget gold, silver is on fire and could hit $25/oz. by the end of 2016

July 7th, 2016 (0)
Silver has seen double the percentage gain of gold since Brexit Silver has outshined its sister metal since the U.K.’s decision to leave the European Union sparked turmoil in global equities markets, and the rally could lift the white ...

Will Artificial Intelligence in accounting automation affect accountants job?

July 7th, 2016 (0)
Smacc, which uses AI to automate accounting, has secured a $3.5 million Series A round from Cherry Ventures, Rocket Internet, Dieter von Holtzbrinck Ventures, Grazia Equity and business angels. Smacc offers small and medium-sized enterprises a platform to digitize ...

Romanian police reveal Israel links to illegal binary options firms

July 7th, 2016 (2)
Romanian prosecutors are set to try at least 10 individuals involved in alleged forex and binary options fraud who were operating illegally on Romanian soil, the country’s Police Directorate for the Investigation of Economic Crimes told The Times of ...

Robots Are Taking Divorce Lawyers’ Jobs, Too

July 7th, 2016 (0)
Online tools that are cheaper than lawyers improve access to justice. Buyers and sellers on EBay use the site’s automated dispute-resolution tool to settle 60 million claims every year. Now, some countries are deploying similar technology to let people ...
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