million Archive

  • ARGENTINA: World Bank Authorizes Loans For More Than US$ 400 Million The World Bank has authorized Argentina to contract more than US$ 400 million in three new credit lines to improve access to housing, administrative services and to increase the Belgrano Rail Plan funding. The loan was signed by the Argentinean Finance Minister Luis Caputo and the World Bank President Jim Yong Kim during a visit to Argentina. The signing of the loan happened after Yong Kim pledged to the Argentinean government to finance US$ 2 billion in new projects for 2018. Funding should be divided into two tranches of 1 billion each for the public and private sectors.

    ARGENTINA: World Bank Authorizes Loans For More Than US$ 400 Million

    ARGENTINA: World Bank Authorizes Loans For More Than US$ 400 Million The World Bank has authorized Argentina to contract more than US$ 400 million in three new credit lines to improve access to housing, administrative services and to increase the Belgrano Rail Plan funding. The loan was signed by the Argentinean Finance Minister Luis Caputo and the World Bank President Jim Yong Kim during a visit to Argentina. The signing of the loan happened after Yong Kim pledged to the Argentinean government to finance US$ 2 billion in new projects for 2018. Funding should be divided into two tranches of 1 billion each for the public and private sectors.
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  • ARGENTINA: World Bank Authorizes Loans For More Than US$ 400 Million The World Bank has authorized Argentina to contract more than US$ 400 million in three new credit lines to improve access to housing, administrative services and to increase the Belgrano Rail Plan funding. The loan was signed by the Argentinean Finance Minister Luis Caputo and the World Bank President Jim Yong Kim during a visit to Argentina. The signing of the loan happened after Yong Kim pledged to the Argentinean government to finance US$ 2 billion in new projects for 2018. Funding should be divided into two tranches of 1 billion each for the public and private sectors.

    ARGENTINA: World Bank Authorizes Loans For More Than US$ 400 Million

    ARGENTINA: World Bank Authorizes Loans For More Than US$ 400 Million The World Bank has authorized Argentina to contract more than US$ 400 million in three new credit lines to improve access to housing, administrative services and to increase the Belgrano Rail Plan funding. The loan was signed by the Argentinean Finance Minister Luis Caputo and the World Bank President Jim Yong Kim during a visit to Argentina. The signing of the loan happened after Yong Kim pledged to the Argentinean government to finance US$ 2 billion in new projects for 2018. Funding should be divided into two tranches of 1 billion each for the public and private sectors.
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  • The original owner of the very first 1995 McLaren F1 in the United States has parted with his incredible supercar for $15.62 million at Bonhams auction on Friday. That is the most anyone has ever paid for a McLaren with the previous record belonging to a 1998 F1 LM-Specification that sold for $13.75 million in Monterey in 2015.The one that just sold is Chassis 044 and it’s one of seven F1s that have been converted and federalized for legal street use in the US. The conversion bits have since been removed, but they were included in the auction.It’s in fantastic condition and has been meticulously maintained with the most recent service record being just a month old. All service has been documented since it was new and the car has 9,600 miles on the clock. According to the first owner, half of the miles on the car are from a European road trip he took right after he bought it.This beautiful machine is powered by a 627 horsepower BMW-sourced 6.1-liter V-12 which famously gives the car ..

    First McLaren F1 in the U.S. Sells for $15.62 Million

    The original owner of the very first 1995 McLaren F1 in the United States has parted with his incredible supercar for $15.62 million at Bonhams auction on Friday. That is the most anyone has ever paid for a McLaren with the previous record belonging to a 1998 F1 LM-Specification that sold for $13.75 million in Monterey in 2015.The one that just sold is Chassis 044 and it’s one of seven F1s that have been converted and federalized for legal street use in the US. The conversion bits have since been removed, but they were included in the auction.It’s in fantastic condition and has been meticulously maintained with the most recent service record being just a month old. All service has been documented since it was new and the car has 9,600 miles on the clock. According to the first owner, half of the miles on the car are from a European road trip he took right after he bought it.This beautiful machine is powered by a 627 horsepower BMW-sourced 6.1-liter V-12 which famously gives the car ..
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  • At the Develop Conference 2017, the one-time lead engineer on the Xbox One and Xbox Live founder Boyd Multerer stated that mobile devices are driving innovation in CPUs.“Mobile phones drive the research of CPUs, there's no question about it,” Boyd Multerer, said at Develop. Processor developers like Intel and ARM have prioritised their mobile projects because “the market is phones. Who cares about a couple of hundred million PCs anymore? This is about billions of phones.”When desktop processors were a priority, Multerer explained that it was about making faster CPUs. Now he believes that it's all about cutting power usage.“If they can lower the amount of power use of that instruction by a little bit, that gives them a competitive edge against other chips. [...] The phone industry says I can have 16 CPUs so that when you want to run a complicated app I can go into high power mode and I'll have all of them working at the same time and work really fast. As soon as that a..

    Xbox One Lead Engineer: ‘Who Cares About a Couple of Hundred Million PCs Anymore?’

    At the Develop Conference 2017, the one-time lead engineer on the Xbox One and Xbox Live founder Boyd Multerer stated that mobile devices are driving innovation in CPUs.“Mobile phones drive the research of CPUs, there's no question about it,” Boyd Multerer, said at Develop. Processor developers like Intel and ARM have prioritised their mobile projects because “the market is phones. Who cares about a couple of hundred million PCs anymore? This is about billions of phones.”When desktop processors were a priority, Multerer explained that it was about making faster CPUs. Now he believes that it's all about cutting power usage.“If they can lower the amount of power use of that instruction by a little bit, that gives them a competitive edge against other chips. [...] The phone industry says I can have 16 CPUs so that when you want to run a complicated app I can go into high power mode and I'll have all of them working at the same time and work really fast. As soon as that a..
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  • Elio Motors, the small, quirky company determined to shape the future of transportation, is in trouble. They’ve filed paperwork with the U.S. Securities and Exchange Commission to hold an initial public offering for common stock in an effort to raise $100 million. That means you’ll be able to trade shares of Elio stock on the Nasdaq exchange if the filing goes through.For those unfamiliar with Elio, they’re a company launched by Paul Elio back in 2009 with the intention of building a small, three-wheeled vehicle that was very affordable and got excellent gas mileage. The numbers they would always use were 84 mpg and a base price of $6,800 (and it just went up to $7,450). A lot of people believed in this idea and they currently have about 65,000 reservations to buy the three-wheeler when it comes out.They have a manufacturing facility in Shreveport, Louisiana, but as of this writing, they have delivered zero cars. The IPO filing delays deliveries yet again, this time pushing the estim..

    Elio Motors is Trying to Raise $100 Million to Stay Afloat

    Elio Motors, the small, quirky company determined to shape the future of transportation, is in trouble. They’ve filed paperwork with the U.S. Securities and Exchange Commission to hold an initial public offering for common stock in an effort to raise $100 million. That means you’ll be able to trade shares of Elio stock on the Nasdaq exchange if the filing goes through.For those unfamiliar with Elio, they’re a company launched by Paul Elio back in 2009 with the intention of building a small, three-wheeled vehicle that was very affordable and got excellent gas mileage. The numbers they would always use were 84 mpg and a base price of $6,800 (and it just went up to $7,450). A lot of people believed in this idea and they currently have about 65,000 reservations to buy the three-wheeler when it comes out.They have a manufacturing facility in Shreveport, Louisiana, but as of this writing, they have delivered zero cars. The IPO filing delays deliveries yet again, this time pushing the estim..
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  • Former Monster Energy NASCAR Cup Series winner Brad Keselowski announced on Friday that he will be shutting down his Camping World Truck Series team, a venture that reportedly lost $1 million annually according to the driver. Keselowski, a life-long member of the NASCAR family, decided to make the move "for a number of reasons", reports ESPN,claiming it was what was "in [his] heart".Brad Keselowski Racing ran the only two Ford entrants in the lower-level truck series. Though the team has went without a victory in 2017, the two rookie drivers, Chase Briscoe and Austin Cindric, are currently fourth and tenth in the championship respectively. Keselowski previously admitted on several occasions that the team was not profitable, and claimed that he was "not the only one" facing a loss in the series. In a statement to ESPN, he said “The Truck Series is truly special to me given my family’s ties to the history of the sport, and this decision comes with much contemplation,” his father being ..

    Brad Keselowski Shutting Down NASCAR Truck Team That Loses $1 Million Annually

    Former Monster Energy NASCAR Cup Series winner Brad Keselowski announced on Friday that he will be shutting down his Camping World Truck Series team, a venture that reportedly lost $1 million annually according to the driver. Keselowski, a life-long member of the NASCAR family, decided to make the move "for a number of reasons", reports ESPN,claiming it was what was "in [his] heart".Brad Keselowski Racing ran the only two Ford entrants in the lower-level truck series. Though the team has went without a victory in 2017, the two rookie drivers, Chase Briscoe and Austin Cindric, are currently fourth and tenth in the championship respectively. Keselowski previously admitted on several occasions that the team was not profitable, and claimed that he was "not the only one" facing a loss in the series. In a statement to ESPN, he said “The Truck Series is truly special to me given my family’s ties to the history of the sport, and this decision comes with much contemplation,” his father being ..
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  • Ford Motor Co. agreed to pay $10.1 million to settle sexual and racial harassment allegations by workers at two Chicago plants, resolving an investigation by the U.S. Equal Employment Opportunity Commission. The investigation yielded reasonable cause that personnel at the Chicago Assembly Plant and the Chicago Stamping Plant had subjected African-American and female employees to racial and sexual harassment -- violating Title VII of the Civil Rights Act of 1964, the agency said in a statement Tuesday, The agency also said the company retaliated against employees who complained about harassment or discrimination. Ford, in a statement, said it agreed to close the matter without admission of liability to "avoid an extended dispute." The automaker added that after conducting its own investigation "appropriate action" was taken, including "disciplinary action up to and including dismissal for individuals who violated the company's anti-harassment policy." Eligible employees are en..

    Ford settles racial, sexual harassment probe for $10.1 million

    Ford Motor Co. agreed to pay $10.1 million to settle sexual and racial harassment allegations by workers at two Chicago plants, resolving an investigation by the U.S. Equal Employment Opportunity Commission. The investigation yielded reasonable cause that personnel at the Chicago Assembly Plant and the Chicago Stamping Plant had subjected African-American and female employees to racial and sexual harassment -- violating Title VII of the Civil Rights Act of 1964, the agency said in a statement Tuesday, The agency also said the company retaliated against employees who complained about harassment or discrimination. Ford, in a statement, said it agreed to close the matter without admission of liability to "avoid an extended dispute." The automaker added that after conducting its own investigation "appropriate action" was taken, including "disciplinary action up to and including dismissal for individuals who violated the company's anti-harassment policy." Eligible employees are en..
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  • Ford Motor Co. agreed to pay $10.1 million to settle sexual and racial harassment allegations by workers at two Chicago plants, resolving an investigation by the U.S. Equal Employment Opportunity Commission. The investigation yielded reasonable cause that personnel at the Chicago Assembly Plant and the Chicago Stamping Plant had subjected African-American and female employees to racial and sexual harassment -- violating Title VII of the Civil Rights Act of 1964, the agency said in a statement Tuesday, The agency also said the company retaliated against employees who complained about harassment or discrimination. Ford, in a statement, said it agreed to close the matter without admission of liability to "avoid an extended dispute." The automaker added that after conducting its own investigation "appropriate action" was taken, including "disciplinary action up to and including dismissal for individuals who violated the company's anti-harassment policy." Eligible employees are en..

    Ford agrees to settle racial, sexual harassment investigation for $10.1 million

    Ford Motor Co. agreed to pay $10.1 million to settle sexual and racial harassment allegations by workers at two Chicago plants, resolving an investigation by the U.S. Equal Employment Opportunity Commission. The investigation yielded reasonable cause that personnel at the Chicago Assembly Plant and the Chicago Stamping Plant had subjected African-American and female employees to racial and sexual harassment -- violating Title VII of the Civil Rights Act of 1964, the agency said in a statement Tuesday, The agency also said the company retaliated against employees who complained about harassment or discrimination. Ford, in a statement, said it agreed to close the matter without admission of liability to "avoid an extended dispute." The automaker added that after conducting its own investigation "appropriate action" was taken, including "disciplinary action up to and including dismissal for individuals who violated the company's anti-harassment policy." Eligible employees are en..
    Read More
  • Ford Motor Co. agreed to pay $10.1 million to settle sexual and racial harassment allegations by workers at two Chicago plants, resolving an investigation by the U.S. Equal Employment Opportunity Commission. The investigation yielded reasonable cause that personnel at the Chicago Assembly Plant and the Chicago Stamping Plant had subjected African-American and female employees to racial and sexual harassment -- violating Title VII of the Civil Rights Act of 1964, the agency said in a statement Tuesday, The agency also said the company retaliated against employees who complained about harassment or discrimination. Ford, in a statement, said it agreed to close the matter without admission of liability to "avoid an extended dispute." The automaker added that after conducting its own investigation "appropriate action" was taken, including "disciplinary action up to and including dismissal for individuals who violated the company's anti-harassment policy." Eligible employees are en..

    Ford agrees to settle $10.1 million in racial, sexual harassment investigation

    Ford Motor Co. agreed to pay $10.1 million to settle sexual and racial harassment allegations by workers at two Chicago plants, resolving an investigation by the U.S. Equal Employment Opportunity Commission. The investigation yielded reasonable cause that personnel at the Chicago Assembly Plant and the Chicago Stamping Plant had subjected African-American and female employees to racial and sexual harassment -- violating Title VII of the Civil Rights Act of 1964, the agency said in a statement Tuesday, The agency also said the company retaliated against employees who complained about harassment or discrimination. Ford, in a statement, said it agreed to close the matter without admission of liability to "avoid an extended dispute." The automaker added that after conducting its own investigation "appropriate action" was taken, including "disciplinary action up to and including dismissal for individuals who violated the company's anti-harassment policy." Eligible employees are en..
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  • While Samsung is steadily inching towards the launch of the Galaxy Note 8 later this month, its other flagship smartphone - the Galaxy S8 - which started shipping just in April this year, has earned itself a milestone. According to recent report by market research firm Strategy Analytics, Samsung Galaxy S8 has shipped over 20 million units in the April-July period this year. As per a report published by South Korean website The Investor, citing Strategy Analytics' data, Samsung has managed to ship 278,800 Galaxy S8 units per day since it officially began selling on April 21, which totals up to almost 19.8 million units sold during the period of April till June. With that, the volume of shipments has been assumed to have surpassed 20 million units in July. Embarking upon the new success milestone for Galaxy S8, Samsung’s mobile division chief Dong-Jin Koh told South Korean media that the cumulative Galaxy S8 shipments is 15 percent higher than the Galaxy S7 shipments for the same ..

    Samsung Galaxy S8 Shipped Over 20 Million Units Since Launch: Report

    While Samsung is steadily inching towards the launch of the Galaxy Note 8 later this month, its other flagship smartphone - the Galaxy S8 - which started shipping just in April this year, has earned itself a milestone. According to recent report by market research firm Strategy Analytics, Samsung Galaxy S8 has shipped over 20 million units in the April-July period this year. As per a report published by South Korean website The Investor, citing Strategy Analytics' data, Samsung has managed to ship 278,800 Galaxy S8 units per day since it officially began selling on April 21, which totals up to almost 19.8 million units sold during the period of April till June. With that, the volume of shipments has been assumed to have surpassed 20 million units in July. Embarking upon the new success milestone for Galaxy S8, Samsung’s mobile division chief Dong-Jin Koh told South Korean media that the cumulative Galaxy S8 shipments is 15 percent higher than the Galaxy S7 shipments for the same ..
    Read More