An entrepreneur is a risk taker. A rational self-interested entity that invests where there exists a favourable cost-benefit ratio. This investment benefits society, by optimum utilisation of resources. An entrepreneur would rationally want to minimise cost o…
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Month: August 2019
Five flaws in our idealized future of self-driving cars
Autonomous vehicles are the future. These completely self-driving cars could change our lives, heralding an era of greater convenience, improved productivity and safer roads. Like any transformative technology, driverless cars are attracting huge investment f…
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12 big things: Stephen Schwarzman keeps getting richer – Yahoo Finance
Private equity tycoons like Blackstone’s Stephen Schwarzman and Apollo Global Management’s Leon Black have long moaned and groaned about what they believed were criminally low valuations for their firms’ stock on the public market. In the past year or so, in …
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Trump tweets U.S. doesn’t ‘need China’ as markets tumble amid growing tariffs dispute – Global News
Escalating his trade war with China, President Donald Trump bumped up his tariffs on Chinese imports Friday, lashing back after Beijing raised taxes on U.S. products. In a tweet, Trump said he would be raising tariffs on $300 billion in Chinese goods from 10…
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Markets tumble on growing tariffs rift between US, China
President Donald Trump declared Friday that he had “hereby ordered” American companies “to immediately start looking” for alternatives to operating in China, hours after Beijing announced new trade sanctions on U.S. products. But as markets in the U.S., Asia…
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