Crypto News 

California Based P2P Trader Convicted of Illegal Money Transmission

“According to prosecutors, Tetley earned at least $300,000 annually by operating an illegal, unregistered money transmitting business that exchanged the digital currency Bitcoin for cash” reports 247cryptonews.com. This is just another case in an ever-growing list of bitcoin traders being charged and convicted for illegally trading digital currency.Between 2014 and 2017, Tetley used the localbitcoins.com to advertise and conduct transactions related to the charges.Tetley’s business “fueled a black-market financial system in the Central District of California that purposely and deliberately existed outside of the regulated bank industry,” according to court…

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AUD News 

Australia: We welcome Chinese investments despite concerns about a pending deal

“Australia remains open to Chinese investments regardless of whether Canberra blocks an acquisition of a major energy company by a Hong Kong-led consortium, Australian Treasurer Josh Frydenberg told CNBC on Friday” writes Nyshka Chandran for cnbc.com. The company holds approximately $20 billion of energy assets and delivers half the nation’s natural gas usage, according to the company.”APA is a unique company, with more than 50 percent of the gas transmission business in Australia, more than 15,000 pipelines supplying gas and electricity into key markets,” he added.Speaking to CNBC on Friday,…

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News 

Uganda begins Ebola vaccinations amid Congo transmission fears

“Aceng said widespread insecurity in eastern Congo’s North Kivu and Ituri provinces added to Uganda’s vulnerability to cross border transmission” writes Midwest Communications Inc for 95kqds.com. KAMPALA (Reuters) – Uganda says it will start to vaccinate some of its health workers against Ebola on Monday, amid fears that the viral haemorrhagic fever could spread from Democratic Republic of Congo which is battling an outbreak. Source: 95kqds.com Share This:

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News 

EETC pays EGP 4.2bn in debts to NIB

“He explained that work is underway to implement transmission network development projects” writes Mohamed Farag for dailynewsegypt.com. Chairperson of the company, Gamal Abdel Rahim, said that the EETC is working to develop a transmission network, to improve its quality, and reduce energy losses.The EETC buys electricity from energy producing companies, to re-sell it to distribution companies.The sources pointed out that the company has developed a plan to pay debts to other companies to dismantle financial intermediation, in coordination with the Egyptian Electricity Holding Company (EEHC). Source: dailynewsegypt.com Share This:

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News 

Lost in transmission: China’s small firms get more loans on paper but not in reality

“Off-balance sheet loans used to be a major source of funding for small firms traditionally shunned by the big state banks” reports businessinsider.com. The PBOC in August urged lenders not to recall loans blindly, especially to small firms facing operational difficulties.To guide lending to small firms, authorities have issued directives to banks, arranged meetings between executives of banks and private firms, and doled out tax breaks for banks’ “micro-loans”. Source: businessinsider.com Share This:

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News 

TE secures EGP 22bn worth revenues from long-term contracts with mobile operators

“Moreover, TE and Etisalat Misr, renewed the EGP 3bn transmission services agreement worth EGP 3bn” writes Mohamed Alaa El-din for dailynewsegypt.com. Similarly, TE renewed its transmission services agreement with Orange to 2021, for EGP 1.5bn.Meanwhile, landline services revenues amounted to EGP 1.5bn in H1 of this year, compared to EGP 1.2bn in the same period last year.According to the official, the ADSL services lead the data transmission revenues of TE, reaching EGP 3.2bn, out of EGP 4.9bn worth of revenues, from data transmission in H1 of this year. Source: dailynewsegypt.com Share…

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News 

New transmission stars in Santa Fe redesign

“Previously, the Santa Fe, formerly known as Santa Fe Sport, had a six-speed transmission” reports autonews.com. PARK CITY, Utah — A new eight-speed transmission is a key element of the redesigned 2019 Hyundai Santa Fe crossover.Hyundai expects the new gearbox, right, to help boost fuel economy of the 2019 Santa Fe, above.Said O’Brien: “The overall ratio of the transmission from the first gear to eighth gear is now greater than the old transmission it replaces. Source: autonews.com Share This:

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News 

When to Shift a Manual Transmission for the Best Fuel Economy

“The faster you spin your engine, the more fuel it consumes” writes Bob Sorokanich for popularmechanics.com. Host Jason Fenske explains the concept of Brake Specific Fuel Consumption, an engineering term that specifies exactly how much fuel a certain engine will consumer under various loads and at various RPMs.Getting maximum efficiency out of a manual-transmission car has a lot to do with keeping the revs low. Source: popularmechanics.com Share This:

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News 

The US leads the charge to kill the manual transmission

“Like the vinyl LP, the manual transmission will always have a cadre of adherents and, like vinyl, their reasons will turn substantially on hobbyism, romance and culture more than any universal reason to bemoan the marginalization of the manual transmission” reports cnet.com. An automatic transmission costs about the same in the US, but average income here is several times higher.Today, the automatic transmission is often as quick and efficient as a manual, while also enabling features like adaptive cruise control and advanced drive modes. Source: cnet.com Share This:

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