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Brexit or not, Prudential says it made sense to move some business to Luxembourg

credits: CNBC News Prudential, the United Kingdom's largest insurer, said it finished transferring some operations to Luxembourg about a week ago in preparation of Britain's impending exit from the European Union. Prudential, the United Kingdom's largest insurer, said it finished transferring some operations to Luxembourg about a week ago in preparation of Britain's impending exit from the European Union. The insurer announced earlier this...

Oil eases from 2019 highs, settles down 1.6% at $59.04 per barrel

credits: CNBC News Oil fell more than 1 percent on Friday, slipping further from 2019 highs as focus shifted to a lack of progress in U.S.-China trade talks and as grim manufacturing data from Germany and the U.S. reignited fears of a slowdown in the global economy and oil demand....

Underground farming could transform the way your coriander, watercress and rocket is grown

credits: CNBC News While we may associate farming with sunshine, fresh air and pretty patches of land, innovation and technology are beginning to change where food is grown. In London, for instance, one farm is using LED technology and hydroponic systems to produce greens 33-meters below the surface. The company, aptly...

Electric taxis in Oslo to be charged using wireless technology

credi: CNMB News Taxis in the Norwegian capital, Oslo, are set to use wireless fast-charging technology to keep them running. In an announcement Thursday, Finnish energy firm Fortum said it would work with the City of Oslo and Momentum Dynamics, a U.S. company, to build the system. The project will use induction...

EU to drop threat of Huawei ban but wants 5G risks monitored

credits: CNBC News The European Commission will next week urge EU countries to share more data to tackle cybersecurity risks related to 5G networks but will ignore U.S. calls to ban Huawei Technologies, four people familiar with the matter said on Friday. European digital chief Andrus Ansip will present the...

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