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Exclusive: U.S. shale firms offer $100 million to aid Texas, New Mexico

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HOUSTON (Reuters) – More than a dozen top U.S. energy companies have pledged $100 million toward easing stresses on Health care, education and civic infrastructure from the shale oil and gas boom in West Texas and New Mexico, the group said on Sunday. The logo of Chevron Corp is seen in its booth at Gastech, Read More

J.Crew CEO James Brett steps down after short tenure

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A J.Crew store logo is pictured on a building along the Lincoln Road Mall in Miami Beach, Florida March 17, 2016. REUTERS/Carlo Allegri NEW YORK (Reuters) – J.Crew Group Inc, known for its preppy men’s and women’s clothing, said on Saturday that its Chief Executive Officer James Brett is leaving the company, effective immediately. The Read More

‘Ran out of anti-Russian stories?’: The Times grilled for calling ‘Masha and the Bear’ propaganda

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A bizarre year-old report calling cartoon ‘Masha and the Bear’ Kremlin propaganda for kids has sprung up to live on the page of The Times, prompting commentators to wonder if the publication runs out of Russophobia ideas. The adventures of a pesky little girl who befriends a bear and other animals in the style of Read More

Russia isn’t interested in joining new OPEC-led oil output cuts

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Russia prefers to stay out of any fresh oil production cuts led by OPEC’s leader Saudi Arabia, Reuters reported, quoting two high-ranking Russian sources. Russia—which together with Saudi Arabia and some Arab Gulf producers has been raising production since June to offset Iranian losses—saw its oil production set a new post-Soviet record high of 11.41 million bpd Read More

Artificial intelligence to contribute $16 trillion to global GDP by 2030

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The contribution of artificial intelligence (AI) to the global GDP will increase 16-fold in the next 12 years, according to the head of Russia’s largest bank Sberbank Herman Gref. “Expansion of artificial Intelligence in the coming years is likely to only grow. According to forecasts of a number of companies, if today AI contributes $1 Read More

U.S. regulator settles with tech startups over token sale violations

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FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst/File Photo WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission settled charges on Friday with two technology companies for improperly offering digital tokens, mandating that they register their offerings as securities Read More

Alphabet unit halts glucose-detecting contact lens project

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(Reuters) – Alphabet Inc’s life sciences division Verily said on Friday that it was putting on hold one of its oldest and highest-profile projects, a smart contact lens designed to help monitor sugar levels. The project, started in 2014, aimed to help diabetics better manage their blood sugar levels by embedding sensors on a contact Read More

Digital media company Technicolor explores options including sale: sources

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LONDON/NEW YORK (Reuters) – Technicolor SA has been exploring options that include a full or partial sale of the French digital media company, as its set-top box business struggles because of higher prices for memory chips, people familiar with the matter said on Friday. A deal would represent the biggest shakeup for the company, based Read More

Shanghai ‘earthscraper’: World’s 1st underground hotel opens in China inside abandoned quarry

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After almost 10 years of construction, Shanghai has unveiled to the public its ‘earthscraper’ hotel built vertically along the precipice of an underground, water-filled quarry. Costing 2 billion yuan ($287.9 million) to complete, the 88-meter-deep hotel is located in the Songjiang district. The Intercontinental Shanghai Wonderland, also known as Shimao Quarry Hotel, has cliff-view rooms Read More