Last year, Donald Trump won the election for president by bemoaning the disappearance of the American factory and pledging to bring back manufacturing from other countries. Now in power, he might have to start worrying about the decline of another traditional pillar of the US economy — the American shopping mall. Fears that the rise of online shopping will lead to substantial dislocation in the retail sector […]
Chinese oil companies are turning their focus to overseas retail and services markets, as slowing growth in domestic fuel demand makes their traditional home market less attractive. Sinopec this week agreed to buy Chevron’s 75 per cent stake in a Cape Town refinery, affiliated service stations and convenience stores in South Africa and Botswana for $900m. It was the only remaining bidder after a year-long tender process. […]
The highest-end Nokia 6 Arte Black is among the phones set for a global rollout. Image: HMD Global HMD Global has confirmed it will launch its Nokia Android handsets to the US and the rest of the world in the second quarter. The company said on its Twitter account today that its new Android handsets and one feature phone will launch worldwide between April and June. The […]
Ford said that slowing new car demand in the US and rising costs could halve its first-quarter earnings per share compared with last year’s record first quarter. The Detroit carmaker’s shares slipped in New York on Thursday after the company said in a statement that it now expects pre-tax profits of $9bn in 2017, down from $10.4bn last year. It expects profits to rise again in 2018. […]
Not everything is Donald Trump’s fault. And by the same token, not everything that goes right in the world can be attributed to him. It can be difficult to remember this, particularly in the US where domestic politics is crowding out almost everything else from the news, and where most people are inclined to view the news through stridently pro- or anti-Trump lenses. Mr Trump seems so […]
At the start of the year, I was part of a panel that aimed to offer career guidance to graduating students at a local secondary school in Singapore. The panel dished out the usual advice about the need to have passion, work hard, and always strive to do better. A student then posed a question that struck a chord: “How can I ensure the skills I learn […]
Alibaba has joined forces with AusPost, Blackmores, and PwC to explore the use of blockchain technology to combat food fraud. The Chinese ecommerce giant said the goal is develop a “Food Trust Framework” to help improve integrity and traceability on its global supply chains. Australia was chosen to be the test bed for the new framework. Alibaba believes blockchain, best known as the technology behind bitcoin, is […]
A person who sticks to a healthy lifestyle — doesn’t smoke, doesn’t eat processed foods, stays fit with regular workouts, steers clear from carcinogens — and who has no known family history of the disease can get the big C. But why? 66 Percent Of Cancers Due To DNA Errors Scientists at Johns Hopkins Kimmel Cancer Center shed light on this topic with their new study suggesting that […]
Interactive MARCH 24, 2017 After earning $800,000 in 2015 by sneaking migrants into Turkey, a smuggler says he has left the guilt and complications of his business behind — mostly. And a Syrian refugee boy, homeless and out of school, must keep roaming the country to find farm work and help his family survive. This is the third part in the State of Emergency series, in which […]
Friday 06:00 GMT Overview Asian stock markets continued to recover after a midweek sell-off and as a highly anticipated vote on US healthcare reform was pushed back until later on Friday. European bourses are expected to open on the front foot, with spreadbetters predicting the UK’s FTSE 100 will add 8 points to 7,349 and Germany’s Dax to advance 20 points to 12,060. Hot topic Global markets […]
Before she became Facebook’s Head of News Partnerships, Campbell Brown had to deal with a low-tech filter bubble. As a host on CNN, she was competing every night with the likes of left-leaning MSNBC and right-leaning Fox News. Battling low ratings, she left her 8 p.m. slot in 2010 with a rare hat tip to her partisan competitors. “I hosted a show on CNN, and I had […]
While the American Healthcare Act, President Trump’s first major legislative effort, is going to a vote in the House of Representatives on Friday – no matter what; for many years now, the American healthcare system has been flawed. As Statista’s Feliz Richter illustrates in the chart below, U.S. health spending per capita (including public and private spending) is higher than it is anywhere else in the world, […]
The wheels on America’s tech IPO train continue to turn. Enterprise data analytics firm Alteryx, the next tech firm in line to go public, has priced its shares at $14 ahead of its listing on the New York Stock Exchange tomorrow (Friday). That pricing — which comes in at the top of the firm’s range — will see Alteryx, which is listing under AYX symbol, raise $126 million from the nine […]
Google has announced plans to reduce the trust in Symantec TLS certificates until a point is reached in early 2018 where Chrome 64 will only trust certificates issued for 279 days or less from the security giant and its subsidiaries. Posting to the Blink development mailing list, Google engineer Ryan Sleevi said that following a “series of failures” by Symantec, Google believes its users face significant risk. […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices edged up on Friday, supported by a fall in Saudi exports to the United States, but overall markets remained under pressure on the back of a world market awash with fuel. Prices for front-month Brent crude futures LCOc1, the international benchmark for oil, were at $50.63 per barrel at 0343 GMT, up 7 cents from their last close. In […]
By Venus Wu and Jess Macy Yu | HONG KONG HONG KONG Hong Kong on Sunday will likely select Beijing’s favoured candidate for its next leader who some say will further divide a city where middle class families have become increasingly disaffected by political tension and economic hardship. The former British colony, governed under a “one country, two systems” arrangement, was promised a high degree of autonomy […]
US stock funds suffered their largest redemptions since the Brexit vote in June as Donald Trump’s push to reform healthcare floundered ahead of an expected vote in Congress in the biggest test yet of his young presidency. The quarrel among Republicans over the politically charged healthcare legislation has increased market volatility and flamed investor fears that the US president may struggle to pass tax reforms later this […]
ZTE Corporation has released its financial results for 2016, reporting full-revenue of 101.2 billion yuan, an increase of 1.04 percent to the 100.18 billion yuan reported in the previous corresponding period. The Chinese telecommunications hardware vendor, which had delayed the release of its 2016 annual report to assess the impact of the Iran sanctions case, admitted it slipped to a net loss of 2.36 billion yuan in […]
Vodafone NZ has announced that it will be seeking approval to acquire 70 percent of Farmside, the rural broadband and satellite arm of small carrier TeamTalk, for NZ$10 million in cash as well as the option to acquire the remaining 30 percent for NZ$3 million. Vodafone NZ CEO Russell Stanners said the offer, subject to approval by TeamTalk’s shareholders, would allow the former to deliver improved services […]
The pound turned in the best performance among major currencies on Thursday, gearing up for next week’s Article 50 activation by rallying to its highest level for a month following buoyant retail data. Having momentarily regained the $1.25 level on Wednesday, sterling climbed a third of a per cent against the dollar after a 3.7 per cent rise in February retail sales, well above analysts’ forecasts. Sterling […]
23 March 2017 Doha, Qatar – Royal Philips (NYSE: PHG, AEX: PHIA) announced today that is has officially opened its new scientific office in Qatar. The new opening comes as part of the company’s overall expansion efforts across the region, and commitment to drive robust partnerships in Qatar with an aim to develop stronger healthcare outcomes. The opening ceremony included Her Excellency, Bahia Tahzib-Lie, Ambassador of the […]
Scientists report data from a new study providing evidence that random, unpredictable DNA copying ‘mistakes’ account for nearly two-thirds of the mutations that cause cancer. Their research is grounded on a novel mathematical model based on DNA sequencing and epidemiologic data from around the world. (via WSJ)
MOSCOW — It’s 2017, and the new Cold War is in full swing. The West is winning, for now. U.S. sanctions have impoverished Russia. But the two sides are poised at a critical juncture. The Russians have come up with new technology to drill for gas that could send their economy skyrocketing again, putting the West on the back foot. And so, the CIA sends President Donald […]
Do you need software-defined storage (SDS) for your enterprise virtualization, analytics, and enterprise sync and share workloads? If so, then Red Hat has the program for you: Red Hat Gluster Storage 3.2. Red Hat Gluster Storage 3.2 looks to be one hard-working storage ant. Red Hat likes to say its open-source Gluster SDS Scale-out network-attached storage (NAS) is for the modern enterprise workload. It’s not wrong. You […]
