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DJI employees steal $ 150 million from the company

Chinese technology giant DJI has discovered extensive fraud within its ranks, which has resulted in major losses for the Shenzhen-based company. DJI released a statement on Monday and stated that an internal probe had revealed the fraud. The fraud involved several workers "inflated the cost of parts and materials for certain products for personal financial gain." DJI estimates that total …

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Asian stocks, US stock futures subdued by growth concerns

By Swati Pandey SYDNEY (Reuters) – Asian stocks and US stock futures slipped on Tuesday, as pessimism about world growth drove investors away from risky assets while sterling dithered as the latest plan for Brexit seemed to come and go with no progress . <p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type …

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After increasing $ 125M, Munchery – TechCrunch failed

Started food delivery start Munchery ceases to work immediately, started the startup in an email to customers on Monday. San Francisco-based business was founded in 2010 $ 125 million in venture capital financing and achieves $ 300 million worth of $ 87 million in 2015, according to the PitchBook. Munchery was supported by Greycroft, ACME Ventures (formerly called Sherpa Capital), …

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Olga Loizon, Olga's Kitchen Founder, dies at the age of 92

Olga Loizon, founder of Olga's restaurant, died Monday, the company that bought Olga's Kitchen reported. (Photo: Charles V. Tines, Detroit Ne) The founder of Olga's Kitchen, which became an iconic Michigan company, died Monday at. 92, the company said in a statement. Olga Loizon, born in Detroit, opened his first Greek sandwich shop in 1970. It would grow into a …

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Global economic outlook, Brexit, currencies in focus

The International Monetary Fund lowered its estimate of global growth on Monday and warns that the growth momentum has been slowing down in recent years. The IMF is now developing 3.5 percent growth worldwide for 2019 and 3.6 percent for 2020. These are 0.2 and 0.1 percentage points during their latest October forecasts, making it the second downturn in three …

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About 600 customers without heat on Aquidneck Island

by JESSICA A. BOTELHO, NBC 10 NEWS National Grid said a reported low-pressure natural gas problem has caused problems for customers at Aquidneck Island Monday, January 21, 2019. (WJAR File Photo) [19659003] National Grid said that one reported low-pressure natural gas problems have caused problems for customers on Aquidneck Island Monday. "There seems to be a lack of gas transfer …

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Report: Toyota and Panasonic to create an electric car battery spinoff company

Enlarge / This photo taken on June 5, 2009, shows Toyota Motors' third-generation Prius hybrid vehicle battery module displayed at Panasonic's EV Energy headquarters in Kosei, Aichi, prefecture. According to Nikkei Asian Review Toyota Motors and Panasonic have agreed to set up a joint venture company to manufacture vehicle batteries, with Toyota owning 51 percent of the company and Panasonic …

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Tesla gets green light for Model 3 deliveries to Europe

A regulator has given Tesla Inc. the green light to deliver its Model 3 cars to Europe, opening an important new market following recent layoffs to cut costs. On Monday, the Netherlands Vehicles Authority, which has regulatory authority on behalf of the EU, said the Model 3 with requirements for European roads. Tesla had the approval and opened online orders …

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