Date
19 May 2019

Industries

  • A breakup of Facebook will improve data security and proper use of such data. Photo: Bloomberg

    Will breaking up Facebook solve its ills?

    - May 14, 2019 3:37pm
    Many believe that Facebook has evolved into one of those “too big to fail” entities with about 2.3 billion active monthly users. It is a social network that is not only used by people to communicate...
  • Guizhou's future is closely tied to the outcome of the US-China trade talks. Photo: Xinhua

    How the trade war could impact China’s big data hub Guizhou

    - May 14, 2019 1:10pm
    I visited Guizhou again last week, and was so impressed by the local big data and tourism industry developments there. The remote province in southwestern China used to be poor and lagging far behind other regions...
  • The latest US-China trade standoff is serving as an excuse for investors to sell an expensive market, argues an expert. Photo: Reuters

    Trade war: An excuse to sell?

    - May 14, 2019 11:40am
    We have been warning for months about the excessively optimistic expectations on a possible trade agreement between China and the US. The reality is that an agreement was not going to change the trend of the...
  • The consumer plaintiffs claim Apple violated federal antitrust law by requiring that apps be sold through its App Store and extracting an excessive 30 percent commission on purchases. Photo: AFP

    US Supreme Court gives green light to Apple antitrust lawsuit

    May 14, 2019 9:28am
    A divided US Supreme Court gave the go-ahead to an antitrust lawsuit accusing Apple Inc. of forcing consumers to overpay for iPhone software applications, a decision that could lead to billions of dollars in damages and...
  • A robotic arm picks up sorting containers while a packing worker (inset) fills a delivery box with products at an Amazon fulfillment center in Baltimore, Maryland. Photo: Reuters

    Amazon rolls out machines that pack orders, replace jobs

    May 14, 2019 9:11am
    Amazon.com Inc. is rolling out machines to automate a job held by thousands of its workers: boxing up customer orders. The company started adding technology to a handful of warehouses in recent years, which scans goods...
  • The jury found that Bayer AG’s glyphosate-based Roundup weed killer caused the plaintiffs to contract non-Hodgkin’s lymphoma. Photo: Reuters

    US jury hits Bayer with US$2 billion award in cancer trial

    May 14, 2019 8:36am
    A California jury awarded more than US$2 billion to a couple who claimed Bayer AG’s glyphosate-based Roundup weed killer caused their cancer, in the largest US jury verdict to date against the company in litigation over...
  • Kunlun said it will shut down Grindr’s China operations and will not send any sensitive user data to China, in an effort to address concerns over data privacy. Photo: AFP

    Kunlun Tech agrees to US demand to sell Grindr gay dating app

    May 14, 2019 7:42am
    Chinese gaming company Beijing Kunlun Tech Co. Ltd. (300418.CN) said it has agreed to a request by the Committee on Foreign Investment in the United States (CFIUS) to sell popular gay dating app Grindr, setting a...
  • The Hong Kong Monetary Authority hopes the virtual banks will facilitate financial innovation, enhanced customer experience and financial inclusion. Photo: Photo: HKEJ

    HKMA grants four more virtual banking licenses

    May 10, 2019 6:27pm
    The Hong Kong Monetary Authority (HKMA) granted banking licenses to four more virtual banks that will only offer services online, bringing the total to eight so far and the number of licensed banks in Hong Kong...
  • An across-the-board decline is quite rare and occurred only 103 times in more than 6,000 trading days over the past 20 years. Photo: Reuters

    HK equities outlook mixed after across-the-board decline

    - May 10, 2019 2:28pm
    The Hang Seng Index had been hovering around 30,000 points for most of April, until US President Donald Trump tweeted early morning on Monday that the United States would increase tariffs to 25 percent on US$200...
  • AB InBev’s Asia-Pacific region, whose main markets are China and Australia, last year made up 18 percent of the group's volume and 14 percent of the underlying operating profit. Photo: Reuters

    AB InBev’s Asia unit files for Hong Kong IPO, eyes US$5 billion

    May 10, 2019 12:41pm
    The Asia business of Anheuser-Busch InBev, the world’s largest brewer, filed on Friday a draft prospectus for an initial public offering (IPO), which two sources with knowledge of the matter said could be worth at least...
  • German Economy Minister Peter Altmaier has called for the development of European battery production for electric cars. Photo: AFP

    The case for intelligent industrial policy

    - May 10, 2019 12:34pm
    Earlier this year, German Economy Minister Peter Altmaier unveiled his “National Industrial Strategy 2030”, which aims to protect German firms against state-subsidized Chinese competitors. The strategy identifies key industrial sectors that will receive special government support,...
  • Hamleys runs 167 stores across 18 countries, the majority of which are in India. Photo: Bloomberg

    Chinese group sells Hamleys toy stores to India’s Reliance

    May 10, 2019 12:27pm
    Hamleys, the world’s oldest toy retailer, is set to pass from Chinese to Indian control after Reliance Industries Ltd. said it has agreed to buy the British high street icon, Reuters reports. Through its Reliance Brands...
  • The succession plan of Warren Buffett and his partner Charles Munger has been a concern among Berkshire investors  Photo: Bloomberg

    What Amazon purchase tells us about Buffett’s succession plan

    - May 10, 2019 12:14pm
    Billionaire investor Warren Buffett revealed during Berkshire Hathaway’s latest annual shareholder meeting that the company has been buying Amazon shares. Buffett said he wasn’t the one who pulled the trigger; it’s suspected that either Todd Combs...
  • News Corp has been focusing on its book publishing and digital businesses in a bid to offset declines in print advertising. Photo: AFP

    News Corp posts surprise profit as HarperCollins earnings grow

    May 10, 2019 10:52am
    Wall Street Journal-owner News Corp reported a surprise quarterly profit, driven by strong growth in earnings at its book publishing and subscription video services units, Reuters reports. Trying to offset declines in print advertising, News Corp...
  • Anthem agreed to settle litigation over the breach for US$115 million. Photo: Reuters

    US charges Chinese national over hacking of American firms

    May 10, 2019 10:09am
    A federal grand jury charged a Chinese national in a 2015 hacking campaign that affected large US businesses including insurer Anthem Inc., where the breach affected a computer system containing data on nearly 80 million people,...
  • As production of corn and wheat in the Black Sea region has soared, what happens in Russia and the Ukraine is of great importance. Photo: Reuters

    How grain, oilseed prices dance to a new global tune

    - May 10, 2019 9:48am
    Agricultural prices are often at the mercy of the weather and a set of economic forces including planting, growing-and-harvest cycles and crop inventories. These risk factors are important price determinants. But in addition to them, macroeconomic...
  • Jeff Bezos unveils the BE-7 rocket engine that his space company Blue Origin's space exploration lunar lander rocket called Blue Moon will use during an unveiling event in Washington on Thursday. Photo: Reuters

    Bezos unveils moon lander mockup, embraces Trump lunar timetable

    May 10, 2019 8:47am
    Billionaire entrepreneur Jeff Bezos unveiled on Thursday a mockup of a lunar lander being built by his Blue Origin rocket company and touted his moon goals in a strategy aimed at capitalizing on the Trump administration’s...
  • Chris Hughes left Facebook in 2007, and has said he made half a billion dollars for his three years of work. Photo: Reuters

    Facebook rejects co-founder call for breakup

    May 10, 2019 8:12am
    Facebook Inc. quickly rejected a call from co-founder Chris Hughes to split the world’s largest social media company in three, while lawmakers urged the US Justice Department to launch an antitrust investigation, Reuters reports. Facebook has...
  • Under the proposal, Facebook, Instagram and Messengers would become separate publicly traded companies.Facebook CEO Mark Zuckerberg and other Facebook executives would be required to divest management shares. Photo: AFP

    What would it take for US regulators to break up Facebook?

    May 10, 2019 8:11am
    A proposal to break up social media giant Facebook is tough to execute because the government would have to take the company to court and win. It is rare to break up a company but not...
  • Uber raised US$8.1 billion, pricing its IPO at US$45 per share, close to the bottom of the targeted US$44-US$50 range. Photo: Reuters

    Uber valued at US$82 billion in IPO as market jitters weigh

    May 10, 2019 8:03am
    Uber Technologies Inc. priced its initial public offering at the low end of its targeted range for a valuation of US$82.4 billion, hoping its conservative approach will spare it the trading plunge suffered by rival Lyft...

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