Date
18 September 2019

BUSINESS

  • If Uber raises its fares to cover extra costs due to California’s new labor bill, business volume may decline and drivers' income could get affected. Photo: Bloomberg

    California’s new labor bill and its impact on the gig economy

    - Sep 18, 2019 3:32pm
    California’s State Senate last week approved a landmark bill that would require gig-economy companies like Uber and Lyft to treat workers as employees instead of independent contractors. The legislation means the workers would be entitled to...
  • The Federal Reserve is widely expected to cut its key overnight lending rate by a quarter of a percentage point for the second time this year. Photo: Bloomberg

    Market focus shifts to Fed policy meeting

    Sep 18, 2019 1:16pm
    The Federal Reserve will conclude its latest policy meeting on Wednesday buffeted by conflicting economic data, under steady pressure from the White House for steep interest rate cuts, and confronted as well with an unexpected jump...
  • South Korea said the purpose of the amended trade regulations is to improve the country's export control system, not retaliation against Japan. Photo: Reuters

    South Korea removes Japan from fast-track trade ‘white list’

    Sep 18, 2019 12:31pm
    South Korea said on Wednesday it had approved plans to drop Japan from its “white list” of countries with fast-track trade status, responding with a tit-for-tat move that intensifies a growing diplomatic and trade spat between...
  • Increased vehicle fuel efficiency and the impact of electric vehicles have led to forecasts that global oil demand may peak perhaps as soon as 2030. Photo: Reuters

    Energy transition and its impact on credit markets

    - Sep 18, 2019 12:07pm
    The energy transition is having a profound effect on global energy markets as renewable energy and global efforts to move away from a reliance on fossil fuels affect both energy demand and supply. This long-term secular...
  • The iPhone 11 Pro has a triple-camera setup that can take normal, telephoto zoom and ultrawide shots, and work in extremely low light conditions. Photo: AFP

    Can triple camera system boost iPhone sales?

    - Sep 18, 2019 12:05pm
    Apple has unveiled its latest iPhones, which will be available from Friday. But many smartphone users are likely to adopt a wait-and-see attitude as they want to see first the Android smartphones that will be launched...
  • GM workers want the automaker to share a bigger share of its profits with the employees, among other demands. Photo: Reuters

    Why GM strike is expected to be short-lived

    - Sep 18, 2019 11:34am
    Forty-nine thousand workers of General Motors (GM) went on strike in the US from Monday, the biggest protest by the United Automobile Workers union (UAW) since 2007, amid a dispute over contract negotiations and factory relocation...
  • FDIC chair Jelena McWilliams said large banks now have multiple checks and buffers in place, and that repealing the “inter-affiliate” margin requirement could help free up bank liquidity. Photo: Bloomberg

    Big banks welcome proposal to ease post-crisis derivatives rules

    Sep 18, 2019 10:16am
    A US banking regulator proposed easing a rule requiring banks to set aside cash to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the business-friendly Trump administration, Reuters...
  • A joint venture involving Standard Chartered is among the entities that have won virtual bank licenses in Hong Kong. Photo: Bloomberg

    HK digital banks launch faces delay due to protests: report

    Sep 18, 2019 9:22am
    The launch of new online-only banks in Hong Kong is expected to be delayed in part due to anti-government protests in the city, Reuters reports, citing people with knowledge of the matter. Most of the eight...
  • Atlantia’s CEO Giovanni Castellucci agreed to step down on Tuesday after 13 years at the helm. Photo: Reuters

    Atlantia CEO resigns in Benetton-led reorganization

    Sep 18, 2019 8:07am
    The Benettons ushered in a change of guard at Italian infrastructure group Atlantia, replacing its powerful chief executive with a management committee, as they move to deal with the fallout from a deadly bridge collapse, Reuters...
  • We Company, had it pressed on with the initial public offering, would have been valued at less than the US$12.8 billion in equity it has raised since it was founded in 2010. Photo: AFP

    WeWork delays IPO after frosty investor response

    Sep 18, 2019 7:51am
    WeWork owner The We Company has postponed its initial public offering (IPO), walking away from preparations to launch it this month after a lackluster response from investors to its plans, Reuters reports. The US office-sharing startup...
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WORLD

  • South Korea said the purpose of the amended trade regulations is to improve the country's export control system, not retaliation against Japan. Photo: Reuters

    South Korea removes Japan from fast-track trade ‘white list’

    Sep 18, 2019 12:31pm
    South Korea said on Wednesday it had approved plans to drop Japan from its “white list” of countries with fast-track trade status, responding with a tit-for-tat move that intensifies a growing diplomatic and trade spat between...
  • US Vice President Mike Pence said Solomon Islands is prioritizing short-term gains from China over long-term commitments with the United States. Photo: AFP

    US disappointed after Solomon Islands cuts ties with Taiwan

    Sep 18, 2019 10:59am
    US Vice President Mike Pence has canceled plans to meet with the leader of the Solomon Islands to discuss development partnerships after the Pacific island cut ties with Taiwan in favor of China this week, Reuters...
  • Migrants from Central America and Cuba queue outside the Mexican Commission for Refugee Assistance in Tapachula, Mexico. Large-scale migration has implications for land rights in both urban and rural areas. Photo: Reuters

    Strengthening land rights will curb migration

    - Sep 18, 2019 9:38am
    The world’s food supply is under threat. That was the stark warning contained in a recent Intergovernmental Panel on Climate Change (IPCC) report on climate change and land. The signs are already ubiquitous. Hundreds of millions...
  • Israeli Prime Minister Benjamin Netanyahu speaks to supporters at the Likud party headquarters in Tel Aviv on Tuesday. Photo: Reuters

    Israeli election too close to call: exit polls

    Sep 18, 2019 8:29am
    Israeli Prime Minister Benjamin Netanyahu’s battle for political survival looked set to stretch on after exit polls following Tuesday’s election showed the race too close to call and Israel’s longest-serving leader weakened, Reuters reports. The surveys...
  • Missiles and drone aircraft are seen on display at an exhibition in Yemen in this undated photo released by the Houthi Media Office on Tuesday. Photo: Handout via Reuters

    Costly Saudi defenses prove no match for drones, cruise missiles

    Sep 18, 2019 7:47am
    Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled...
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