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BIS warns of trade war threat but says rates should keep rising

The Bank for International Settlements (BIS) urged the world’s top central banks to keep lifting interest rates on Sunday, but warned escalating trade tensions between the United States and China could turn into a dangerous downward spiral. The new head of the BIS, former Mexican central bank chief Agustin Carstens, spoke to Reuters as the central bank umbrella group delivered its first annual report under his watch. …read more […]

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Cisco is buying a startup that uses WiFi to gather data from people as they move around malls and airports (CSCO)

Cisco announced its intent to acquire July Systems, a startup that uses wifi to gather insights about visitor behavior in physical spaces like malls, stadiums and airports. Cisco, which already partnered with July Systems, plans to scale the startup’s technology and apply it to new physical spaces such as hospitals and government buildings. It’s unclear how much Cisco will pay for July Systems. But the Sequoia and Intel Capital-backed start up was last valued at $45 million in a 2012 funding round. …read more […]

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New details emerge on the office affair that led to Intel CEO Brian Krzanich's surprising resignation on Thursday (INTC)

The office affair which sparked Intel CEO Brian Krzanich’s surprise resignation on Thursday started a decade ago and ended before he became CEO in 2013, The Wall Street Journal reported. Intel CEO Brian Krzanich resigned on Thursday after it was found that he violated a company policy regarding relationships with co-workers. The relationship was with a woman who still works at Intel and started about a decade ago, sources told the Journal. …read more […]