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UPDATE 1-Alitalia rescue plan hits the skids

An Alitalia rescue plan ran into trouble on Wednesday when its main sponsor, railway group Ferrovie dello Stato, said conditions were not in place to set up an investor consortium to save the struggling Italian carrier. Alitalia, which has been run by administrators since May 2017, is burning through cash reserves and is expected to run out of money at the end of this year. Ferrovie’s comments came a day after infrastructure group Atlantia, touted to be one of the key potential investors in Alitalia together with a foreign airline, said it was not ready to join a …read more […]

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Bumble Bee Is in Talks With FCF Fishery for Bankruptcy Sale

(Bloomberg) — Bumble Bee Foods LLC, the canned tuna producer that pleaded guilty to price-fixing, is in talks with seafood industry peer FCF Fishery to buy the company during a bankruptcy reorganization, according to people with knowledge of the discussions.Taiwan-based FCF would act as a so-called stalking-horse bidder in a Chapter 11 reorganization, which Bumble Bee could file as soon as this week, said the people, who asked not to be identified discussing the private deliberations. A stalking-horse bid sets a floor for any other offers that emerge in a court-supervised sale. Talks could still fall apart and terms of …read more […]

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EMERGING MARKETS-Mexican peso leads losses in Latam FX on U.S.-China trade standoff

* Trade deal may not be completed this year – sources * U.S. bill on Hong Kong human rights angers China * Mexican peso hits 6-week low (Updates prices; adds details, quote) By Medha Singh Nov 20 (Reuters) – Latin American assets moved lower on Wednesday as investors fled risky bets after a report that an initial trade deal between United States and China may not be completed this year. The tariff-sensitive Mexican peso hit its weakest level in six weeks against a steady dollar. …read more […]

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Quantum Computing Is (Almost) Here

Our pocket computers – you know them as smartphones – are small, fast and powerful thanks to the billions of bits and transistors packed into the chips they use.
Bits make up a computer’s memory and are the smallest building blocks of traditional computing. They can have one of two values, usually represented as either a 0 or a 1. Your phone has about 256 billion bits (or 32 gigabytes).
Transistors act as switches. Think of them as a roadway with a gate. A binary signal of 1 will tell the gate to allow the cars to flow down the roadway. A …read more […]