US-based researchers have created a robot that can use its body shape to move through a densely cluttered environment. The team from the University of California, Berkeley based the robot on the humble cockroach and hope their design could be used to inspire future robot designs for use in monitoring the environment and search and rescue operations. The Berkeley team, led by postdoctoral researcher Chen Li, designed the shell so
European equities were trading higher Tuesday as the countdown to a potential debt deal between Greece and its creditors begins.
The Fed governor said he sees conditions for an interest rate liftoff as soon as September, and an additional increase in December.
Greece, China, U.S. economic data and technical conditions are all feeding into the market action – but it’s unclear how much or for how long.
A gauge of U.S. business investment spending plans rose in May, offering a tentative sign of stabilization in the manufacturing sector after activity started weakening in the late summer of 2014. Manufacturing is lagging other economic data, including retail sales and housing, which have rebounded after hitting a soft patch at the start of the year. The Commerce Department said on Tuesday non-defense capital goods orders excluding aircraft, a closely
Christopher Whalen, senior managing director at Kroll Bond Rating Agency, says the Fed’s policy of near-zero interest rates created substantial bubbles in sectors such as housing.
India has unveiled plans to cut transaction costs for electronic payments, to spur retailers and consumers to use less cash, as part of Prime Minister Narendra Modi’s drive to pull more people into the formal economy and boost public revenue. India is among the most cash-intensive economies in the world, with a cash-to-GDP ratio of 12 percent, almost four times that of markets such as Brazil, Mexico and South Africa,
Greece’s economic reforms plan includes “harsh” measures the government would not have proposed had it had a choice, a spokesman said Tuesday. The country this week offered a series of measures, …
South Korea’s Hyundai Motor Co on Tuesday said it began construction on its fifth Chinese plant, in Chongqing, to regain lost momentum in the largest auto market with a new compact car and higher production of sport utility vehicles. Hyundai, which together with affiliate Kia Motors Corp ranks fifth in global sales, has been struggling with slow sales in China partly due to an absence of new SUV models to
Investors today turn their attention to economic data with the report on durable goods orders. Plus, some major retailers take a stand on the Confederate flag controversy. And how about some real estate with those unlimited breadsticks? We’ll tell you how the owner of Olive Garden plans to raise some much-needed cash.