Date
4 May 2016

BUSINESS

  • The London gold price rallied 4.93 percent last week, its biggest weekly rise since Feb. 12. Precious metals have been shining recently as the US dollar has eased amid weak economic data in the United States...
  • Hit by sagging retail sales, falling home prices and soft global demand, companies are seeking cost-cutting measures. Some employers are switching to part-timers to slash costs. Meanwhile, more employees may need to moonlight to make ends meet. This...
  • One of the key selling points of self-driving cars is the technology’s potential to enhance safety and drastically cut the number of accidents on the road. But insurers may not be happy to hear about that....
  • This is already a record year for failed mergers and acquisitions in the United States, The Wall Street Journal reports. Halliburton Co. and Baker Hughes Inc. called off their nearly US$35 billion deal Sunday after facing...
  • It may not be the ideal spot for a first date, but a restaurant that is soon to open in central London offers its customers a naked dining experience. At Bunyadi, diners have to shed their...
  • Li & Fung Ltd. (00494.HK), the sourcing company that supplies clothes and toys to retailers worldwide, said it agreed to sell its distribution unit LF Asia to Dah Chong Hong Holdings Ltd. (01828.HK) for about US$350...
  • Several Hong Kong bank accounts have been frozen amid a global investigation into a troubled Malaysian state fund. Individuals who have had their funds locked are under investigation by authorities outside of Malaysia, such as in...
  • Japanese air bag manufacturer Takata Corp. is expected to announce as early as Wednesday that it is recalling 35 million to 40 million additional inflators in US vehicles, Reuters reported, citing unnamed sources. The expanded recall...
  • Chinese authorities are targeting economists, analysts and business reporters who give gloomy views on the economy. They have issued issued verbal warnings to commentators whose public remarks on the economy are out of step with the...
  • Tesla Motors Inc.’s market capitalization has reached US$31 billion, equivalent to US$620,000 for every car it delivered last year, or US$63,000 for every car it hopes to produce in 2020, Reuters said. By comparison, General Motors...

WORLD

  • David Shambaugh, professor of political science and international affairs at the George Washington University, published an article on China in the Wall Street Journal last year, in which he predicted that the “endgame of Chinese communist...
  • President and Communist Party general secretary Xi Jinping (習近平) has never wavered in strangling free speech and thought, even within his party. The party’s Central Committee, on Xi’s go-ahead, has promulgated a new version of its...
  • Republican front-runner Donald Trump swept to a commanding victory in Indiana on Tuesday, putting him on a glide path to the party’s nomination for US president as Ted Cruz finally ended his campaign, Reuters reports. The...
  • When in Rome, you could use a few Chinese words — especially if you get into trouble. CNN is reporting that as part of a new experiment to help the vast numbers of Chinese tourists heading...
  • Last November I went on a vacation with my father to Taiwan. For 11 days we took the train and rented bikes and explored the island. It was a wonderful time, of course, but seeing their...

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