About nine months before George W. Bush became president I, along with about 70 others, were asked to join an independent tech advisory board to help Bush, then governor of Texas, understand the role of tech in the new decade and help craft a tech policy should he become president. Our first meeting took place in Austin, and from that came various subcommittees to research […]
TOKYO Asian shares slipped to four-week lows on Monday as the prospect of higher U.S. interest rates and a strong dollar stemming from the incoming Trump Administration’s purported policies of cutting taxes and spending heavily threatened to suck capital out of emerging markets. European shares are seen having better luck, following recent gains in shares of banks, resource companies and some automakers. Spread-betters see a rise of […]
Verizon has put up four phones available for free without trade-in requirements, save for a $20 device activation fee. The free phones being offered include the Moto Z Play Droid, a Verizon exclusive that supports Motorola’s modular-ish Moto Mods; Samsung Galaxy J3 V, a mid-range released early this year; and the LG K8 V and Stylo 2. Moto Z Play Droid The Moto Z Play Droid rocks a 5.5-inch […]
Christmas is a time that centres around family, friends, fun and an abundance of food. Nearly every restaurant across the country is offering at least one celebratory meal this weekend in honour of the festive tradition, so there is no shortage of options. While there are plenty of good options from established venues, why not treat yourself to something new – and try a Christmas feast at […]
US hop farmers have celebrated record revenues from their crops in 2016 as they planted more acres despite signs that the craft beer boom, which has boosted demand for the key brewing ingredient, may be peaking. The value for the year’s hop crop soared 44 per cent this year from 2015, totalling just short of $500m, according to the US Department of Agriculture. “Higher hop acreage and […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices. Brent crude futures, the international benchmark for oil prices, were trading at $55.57 per barrel at 0401 GMT, up 36 cents, or 0.7 percent, from their last close. U.S. West Texas Intermediate […]
Monday 02:20 GMT Overview Stocks across Asia were weaker, retreating in line with Wall Street’s slight pullback on Friday from last week’s record highs, and as the US dollar softened. What to watch Investors are turning their attention to the Bank of Japan’s policy decision on Tuesday, in the wake of the Federal Reserve’s interest rate rise last week. While the dollar’s strength over recent weeks seems […]
On Saturday morning, the Pentagon was eager to announce that China would return a U.S. Navy underwater drone after its military scooped up the submersible in the South China Sea late this week and sparked a row that drew in President-elect Donald Trump. As previously reported, Pentagon spokesman Peter Cook said that “through direct engagement with Chinese authorities, we have secured an understanding that the Chinese will […]
By Kylie MacLellan | LONDON LONDON Britain may need a transitional agreement to smooth its exit from the European Union but it should not “buy back” into too many of the bloc’s regulations, Britain’s trade minister Liam Fox said on Sunday. Fox, who campaigned for a Brexit vote in June’s referendum, also indicated he was seeking a flexible approach on trade to try to ensure the best […]
LONDON Leading Brexit campaigner Nigel Farage said on Sunday he wanted to be a bridge between the British government and the new U.S. administration. Last month U.S. President-elect Donald Trump said Farage – the former leader of the United Kingdom Independence Party (UKIP) – would be great as Britain’s envoy to Washington, but the British government dismissed the suggestion. “I can help to be a bridge between […]
LONDON Talks aimed at averting a planned Christmas strike by British Airways (ICAG.L) cabin crews will be held on Monday, conciliation service Acas said. Last week, British Airways said the Unite trade union had called a strike involving one of its five cabin crew fleets on Christmas Day and Boxing Day, Dec. 26. More than 2,500 Unite members who serve as crews on long- and short-haul routes […]
The Federal Reserve will wait six months before raising interest rates again, according to a survey of top economists that suggests policymakers will maintain a cautious approach to tightening policy until they see the economic package US president-elect Donald Trump has promised. Officials will raise the Fed’s key short-term rate just twice in 2017, starting with a move in June, an FT survey of 31 Wall Street […]
In his characteristic third-person style, One River Asset Management’s Chief Investment Officer Eric Peters takes on all-comers in his latest letter to investors; lamenting the rapidity of losses, juxtaposing Michelle Obama’s “hopeless” America with the US equity markets’ near-record “hope”, and denouncing the scourge of risk managers everywhere – central bankers… Hope all goes well… “No one has real risk on,” said the CIO, dizzy. “We’ve all […]
By Sarah N. Lynch | WASHINGTON WASHINGTON President-elect Donald Trump’s incoming White House chief of staff on Sunday played down the prospect that Trump would revisit Washington’s decades-old “one China” policy, even though he suggested as much a week ago. Since 1979, the United States has acknowledged Taiwan as part of “one China” but Trump prompted a diplomatic protest from Beijing after he accepted a congratulatory phone […]
BERLIN Daimler (DAIGn.DE) does not expect Donald Trump to favor U.S. carmakers over their European counterparts, the carmaker’s chief executive told a German paper, shrugging off concerns over the president-elect’s protectionist rhetoric during his campaign. “I find it hard to believe that it would come to punitive tariffs,” Dieter Zetsche told Bild am Sonntag in an interview published on Sunday, adding he did not expect any negative […]
David Cameron began 2016 in 10 Downing Street and ended it at DePauw University in a small Indiana town, speaking for a reported £120,000 an hour. The former British prime minister is now paid almost as much for a 60-minute speech as he used to earn in a year, as he tries to make sense of his own historic failure: Brexit. Whatever he says now, Mr Cameron’s […]
While an overseas buying spree by Chinese companies has grabbed headlines, more mundane activity such as trade finance and corporate cash management are a much bigger strain on China’s foreign exchange reserves, analysis of official data shows. The dominance of bank lending and portfolio investment as a source of Chinese capital outflows casts doubt on whether Beijing’s recent clampdown on big-ticket foreign deals by the likes of Dalian […]
|By Arabian Post Staff| UAE’s share of Middle East’s total exports in 2015 increased to 31.5 percent, compared to 28 per cent in 2014, according to a report of the World Trade Organisation. The UAE also accounted for 30.8 per cent of the region’s total imports. In terms of service trade, the country ranked 20th globally and first in the Arab World with service imports worth USD […]
A series of big events shaped financial markets in 2016. Here is a selection of FT analyses and commentary, alongside charts, highlighting a tumultuous year. The new year rout January proved brutal for investors. After just 10 trading days, global equity markets had lost more than $4tn of value, with sentiment hammered by fears about China’s economic slowdown and a depreciating currency. In turn, bond markets were […]
Many stakeholders are now coming home after a productive week at the 2016 Internet Governance Forum (IGF) in Guadalajara, Mexico. As the first IGF since its 10 year mandate renewal by the UN General Assembly, this was a key edition to set the stage for multistakeholder cooperation in the next few years, and to identify the issues that will have to be addressed by the global Internet community now […]
By Stanley White and Izumi Nakagawa | TOKYO TOKYO Japanese workers put up with long hours and unpaid overtime under pressure from cost-saving companies, and figures from government, which wants more money in workers’ pockets to boost consumer spending, appear to underestimate the problem. Prime Minister Shinzo Abe is trying to enact labor reforms as part of his “Abenomics” plan to end decades of stagnant growth and […]
Our round-up of the week’s best comment and analysis from the Financial Times focuses on expectations of a Trump-presidency stimulus and the danger of complacency. The selection is taken from our Markets Insight and Smart Money columns, written by industry contributors and FT commentators. Wall Street might be too complacent about Donald Trump’s corporate tax stimulus and are not pricing in an upsurge in volatility, argues the […]
Image from Istockphoto In part one of my conversation with Kim Stevenson and Adriana Karaboutis, we discussed the challenges and opportunities facing women in technology Also read: Women in technology: Advice from Intel and Biogen This second post offers advice from Andi and Kim on how CIOs can add value to their organizations. Both women have years of CIO experience; Kim was CIO at Intel and Andi […]
California has long been a breeding ground for innovation and has fostered pioneering tech companies ranging from Disney to Apple. But in terms of self-driving cars—and based on several recent developments—a much more conservative Michigan is taking the pole position in nurturing the technology. Michigan and particularly the Detroit area is an ideal incubator for autonomous technology since it’s the center of the automotive universe […]
