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Feeling the impact of Trump's foreign worker squeeze

Jiri Stejskal is the type of entrepreneur that helps the US economy to flourish.The 58-year-old runs a successful translation business on the outskirts of Philadelphia.His company - Cetra Language Solutions - employs 35 people and has an annual turnover of $5m (£4m).His high profile clients include food giant Nestle and the US defence department.Mr Stejskal also happens to be...

Avon to be acquired by Brazil's Natura for £1.6bn

Brazilian cosmetics group Natura has announced that it is buying UK-based direct-selling cosmetics business Avon.Natura, which already owns The Body Shop and Aesop, is Brazil's top business in cosmetics, perfumes and toiletries.Its all-stock offer of about $2bn (£1.6bn) means Natura shareholders will hold 76% of the combined company, which will have annual revenue of over $10bn.The deal will create...

Jeremy Allaire’s Circle Lays Off 10% of Staff amid Prickly US Regulation

By CCN: Bitcoin has been booming lately, but Circle, the parent company of crypto exchange Poloniex, announced yesterday afternoon that about 30 employees are leaving as part of “organizational changes.” Circle CEO Jeremy Allaire cited an increasingly burdensome regulatory environment in the United States as part of the impetus for the move. Today we made organizational changes at Circle and...

Jeremy Allaire’s Circle Lays Off 10% of Staff amid Prickly US Regulation

By CCN: Bitcoin has been booming lately, but Circle, the parent company of crypto exchange Poloniex, announced yesterday afternoon that about 30 employees are leaving as part of “organizational changes.” Circle CEO Jeremy Allaire cited an increasingly burdensome regulatory environment in the United States as part of the impetus for the move. Today we made organizational changes at Circle and...

Quick Question: What Makes a Truck a Truck?

Truck YeahThe trucks are good!   Earlier today I was doing some research on an interesting 4x4 vehicle that predated the world-famous Jeep, when an interesting question came up: is a Jeep a truck? It seems like a passenger vehicle, but it was technically categorized as a truck. And that got me thinking: what exactly makes a truck a truck? Even though...

Binance Suffers Crippling Lag, Angry Crypto Traders Lose Thousands

By CCN: Binance users experienced extreme lag this morning, specifically with trade settlement and balance syncing. CEO Changpeng Zhao confirmed the issue on Twitter and promised the crypto exchange was working on it. Bitcoin Traders Scream Bloody Murder as Binance Succumbs to Lag Consequently, several crypto traders got stuck in trades they would otherwise have canceled, which meant unintended losses. This just...

Binance Suffers Crippling Lag, Angry Crypto Traders Lose Thousands

By CCN: Binance users experienced extreme lag this morning, specifically with trade settlement and balance syncing. CEO Changpeng Zhao confirmed the issue on Twitter and promised the crypto exchange was working on it. Bitcoin Traders Scream Bloody Murder as Binance Succumbs to Lag Consequently, several crypto traders got stuck in trades they would otherwise have canceled, which meant unintended losses. This just...

Binance Suffers Crippling Lag, Angry Crypto Traders Lose Thousands

By CCN: Binance users experienced extreme lag this morning, specifically with trade settlement and balance syncing. CEO Changpeng Zhao confirmed the issue on Twitter and promised the crypto exchange was working on it. Bitcoin Traders Scream Bloody Murder as Binance Succumbs to Lag Consequently, several crypto traders got stuck in trades they would otherwise have canceled, which meant unintended losses. This just...

Your Detailing Guy Is Gonna Be Pissed

All image credits: HRE If you’re at all into the aftermarket scene, then you’ve probably come across forged wheel company HRE at one point or another. HRE wheels are known for being lightweight and very, very expensive. The company is showing off a new version of its titanium wheels that use 3D printing as part of the manufacturing process—but all...