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Tesla goes to India

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Tesla Inc chief executive Elon Musk indicated on Friday that the U.S. electric carmaker will make a foray into India in 2021. “Next year for sure,” Musk said on Twitter in reply to a post with a photograph of a T-shirt with the message: “India wants Tesla”. “Thanks for waiting,”  Musk  said. Tesla’s entry could come at a time when Prime Minister Narendra Modi is increasingly becoming focused on  promoting  the use and manufacture of electric vehicles. India’s auto sector, already reeling from a slowdown in demand last year, has been further hit by the novel coronavirus pandemic and carmakers are seeking government support to push sales. Musk commented last year about coming to India, in response to someone on Twitter who asked “What about India sir?”. “Would love to be there this year. If not, definitely next!” he said in March 2019.  (Reuters)

Nicole Junkermann digital innovation

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Nicole Junkermann is a London-based investor with  significant international experience   in digital innovation, working and living in Europe, Asia, and the United States. Junkermann was born in Düsseldorf on April 27, 1980. She speaks six languages: English, French, German, Italian, Portuguese, and Spanish. Her investment career began in the sports sector. In 1998, she co-founded  Winamax,  a football gaming portal. From 2002 to 2011, she was a strategic investor and Vice-Chairman of the sports and media company,  Infront . In 2007, she founded  United in Sports , the world’s first private equity fund focusing on  sports .  Digital innovation Since 2011, however, she has returned to her roots in  digital innovation  and  experimental technology  – areas like robotics, genomics, virtual reality and artificial intelligence – and media rights, generally.  Her principal investment vehicle is today  NJF Cap...

Will UK budget deficit skyrocket following Brexit?

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A catastrophe, a tsunami, a return to austerity. Britain’s budget deficit is likely to more than double to around 100 billion pounds if the country leaves the European Union without a deal, a leading think-tank said on Tuesday. The Institute for Fiscal Studies (IFS) predicted borrowing would rise to 92 billion pounds - equivalent to 4% of national income - by 2021/22 under a “relatively benign” no-deal Brexit scenario , in which there are no major delays at borders. Even then, the economy would still enter recession in 2020, the IFS said in an annual assessment of the public finances. IFS added that total debt would soar to 90% of national income. "The government is now adrift without any effective fiscal anchor," said IFS director Paul Johnson. The Treasury said any decisions would be made "with a view to the long-term sustainability of the public finances ". If the government undertook enough fiscal stimulus to stop the economy contracting - roughly 23...

UK GDP contracts by 0.2% in Q2

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The economy of UK contracted at a quarterly rate of 0.2% in the second quarter, the Office for National Statistics (ONS) said on Monday. According to the ONS, the services sector continued to provide the main positive contribution to overall GDP growth, but slowed to its weakest rate in three years, alongside falls in the production and construction sectors in Q2. With an upwardly revised rise of 0.6 percent in the first quarter, the British GDP has been volatile through the first half-year of 2019. The ONS noted that the volatility largely reflecting changes in the timing of activity related to Britain's original planned exit date from the European Union in late March. "There is evidence that stockpiling and the change in timing of activity was taking place in the first quarter of the year, which likely provided a boost to GDP, with the latest figures suggesting that these increased stock levels were partly run down in Q2", the ONS said. ...

Ron Paul: “The bond bubble is going to burst”

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Ron Paul is back with doom and gloom predictions on economy and stock market. The former Republican congressman from Texas is warning negative interest rates will crush the global economy, and the U.S. won’t be the exception. “We will join the rest of them and go to total negative rates in hopes that that will be the solution,” he told CNBC’s “Futures Now” on Thursday. “We’ve never had as many currencies in negative interest rates. $17 trillion worth of bonds [are] in negative interest rates. It’s never existed before. And, that’s a bubble. So, we’re in the biggest bond bubble in history, and it’s going to burst.” Paul, a former presidential candidate and vocal libertarian known for his economic and stock market bubble warnings, contends the Federal Reserve’s policies are powerless in this environment. He doesn’t believe this week’s Fed meeting will provide any kind of relief and cutting rates will not be the answer. “You can’t predict exactly where the creation of credit ...

Justin Kan, the “daily chores” method

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Justin Kan, says that all the credit for his success goes to his mother and the way she used to assign chores to him and his brothers when they were little kids. Justin Kan is an American Internet entrepreneur and investor who is currently the CEO and co-founder of the law-tech company Atrium. He is the co-founder of live video platforms Justin.tv and Twitch.tv, as well as the mobile social video application Socialcam. He was formerly a partner at Silicon Valley incubator Y Combinator. His attempt to broadcast his entire life at Justin.tv popularized the term “lifecasting”. Kan also started a Reddit-style electronic music discovery platform, The Drop.He also contributes to the technology news site TechCrunch and co-founded Kiko Software, an Ajax based online calendar, with Emmett Shear. Kan graduated from Yale University in 2005 with degrees in physics and philosophy. In 2007, Justin Kan and partners Emmett Shear, Michael Seibel and Kyle Vogt, started Justin.tv, a 24-7 live vid...

Nicole Junkermann entrepreneur and investor

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Nicole Junkermann is a business leader, entrepreneur and investor . She is focused primarily on the crossover between the media and technology sectors. German born and London-based, Junkermann is the founder of NJF Holdings , which includes NJF Capital, NJF Private Equity, NJF Real Estate and The JJ Collection. Nicole Junkermann is among a new group of well-connected, successful entrepreneurs. She believes that digital innovation and experimental technology will create breakthroughs in areas from medicine to education , and from retailing to premium content consumption. Nicole Junkermann career Nicole Junkermann began her business career as a co-founder of football gaming portal Winamax. Following its sale in 2001, she invested in newly-founded Infront Sports and Media, a sports media rights agency. Three of her early investments, Songza, Dollar Shave Club and RelatelQ, were acquired by Google, Unilever and Salesforce, respectively. Nicole Junkermann’s holdings and activities h...