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Caterpillar bets on self-driving machines impervious to pandemics

Question: How can a company like Caterpillar try to counter a slump in sales of bulldozers and trucks during a pandemic that has made every human a potential disease vector? Caterpillar’s autonomous driving technology, which can be bolted on to existing machines, is helping the U.S. heavy equipment maker mitigate the heavy impact of the coronavirus crisis on sales of its traditional workhorses. With both small and large customers looking to protect their operations from future disruptions, demand has surged for machines that don’t require human operators on board. …read more […]

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A New Ban on Bitcoin… Could Stocks Be Next?

Something funny is going on in the world of cryptocurrencies.
At the same time as central banksters are quietly testing out new forms of digital money of their own… they’re doing everything they can to keep the competition on its toes.
The latest from the folks in the U.K. proves our point.
With its money and the economy that backs it drifting through Brexit talks, the once-mighty nation has a lot to worry about when it comes to free market forms of money.
They’re a big threat.
It’s no wonder, then, Kingdom rulemakers have gone after Bitcoin in a big way.
They just announced a ban …read more […]

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Analysis: New Apple 'iPhone 12' to offer 5G speeds U.S. networks can't deliver

The device, dubbed the iPhone 12 by analysts, can tap into 5G, or fifth generation wireless technology, that theoretically operates as much as 10 to 20 times faster than current 4G wireless networks. Using the next iPhone or any 5G enabled device on today’s network, however, will be “like having a Ferrari … but using it in your local village and you can’t drive to up to 200 miles per hour, simply because the roads cannot maintain those speeds,” explained Boris Metodiev, associate director of research firm Strategy Analytics. Apple, which is expected to unveil the new phone …read more […]

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China Bans Australian Coal Imports as Political Relations Sour

(Bloomberg) — China has suspended purchases of Australian coal, according to people familiar with the order, as Beijing continues to tightly control imports of the fuel amid soured political relations with Canberra.Chinese power stations and steel mills have been verbally told to immediately stop using Australian coal, the people said, asking not to be identified as the matter is private. Ports have also been told not to offload Australian coal, one of the people said. China’s customs administration wasn’t immediately available to comment.The ban marks an escalation in tensions that have already jolted agricultural exports from China’s biggest supplier of …read more […]

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PSA, BMW Among Carmakers Seen Avoiding European Emissions Fines

(Bloomberg) — PSA Group and Volvo Cars, along with BMW AG and Renault SA are among carmakers on track to meet European Union emissions rules after sales of battery-powered vehicles tripled during the first half, according to a study.The surge in electric-vehicle sales helped cut average carbon dioxide emissions of new cars registered in Europe by 9% to 111 grams per kilometer — the steepest drop in more than a decade, according to a report by researcher Transport & Environment.“Electric car sales are booming thanks to EU emissions standards,” Julia Poliscanova, a director at the Brussels-based group, said in a …read more […]

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Biking in Time of Coronavirus

Oct.12 — Will Butler Adams, chief executive officer at Brompton Bicycle, discusses bike sales throughout the coronavirus pandemic, the challenges associated with Brexit and the spike he’s seeing in bike usage. He speaks on “Bloomberg Markets: European Open.” …read more […]

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China Stocks Jump on Hopes Xi Will Announce Reforms in Shenzhen

(Bloomberg) — China stocks climbed on optimism before President Xi Jinping’s address in the southern city of Shenzhen this week.The Hang Seng China Enterprises Index rose 2.7% at the close, the most since July 6. Xiaomi Corp. surged 8.4% to lead gains, while Industrial & Commercial Bank of China Ltd. jumped the most in three years. The CSI 300 Index rose 3% as it trades near a five-year high.Xi is expected to shore up plans to make southern China a global technology hub during the trip. He is scheduled to deliver an address on Wednesday, the official Xinhua News Agency …read more […]