Date
15 July 2018

Business

  • ZTE has overhauled its management as part of a deal reached with US authorities to end sanctions on the company. Photo: Reuters

    ZTE names new CEO, other top executives to comply with US deal

    Jul 6, 2018 9:40am
    Chinese telecom equipment maker ZTE Corp has appointed a new team of top executives, including a CEO, to comply with a deal it made with the United States to end a US components supply ban. ZTE...
  • Micron Technology said the ban on chip sales imposed by a Chinese court would weaken quarterly revenue by just 1 percent. Photo: Reuters

    Micron says China ban unfair but won’t hurt revenue

    Jul 6, 2018 9:25am
    Micron Technology Inc. played down the likely impact on its business of a temporary Chinese ban on some chip sales but said it would appeal a decision that has added to US-China trade tensions, Reuters reports....
  • The partnership with Embraer will add a 70- to 130-seat family to Boeing’s commercial aircraft lineup. Photo: Reuters

    Boeing to take 80% stake in Embraer commercial arm

    Jul 6, 2018 9:22am
    Boeing is taking a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer under a new US$4.75 billion joint venture, Reuters reports, citing the companies. The Boeing-Embraer alliance, following on the heels of the...
  • Economists say every US$100 billion of imports affected by tariffs chip away around 0.5 percent of global trade, wiping off 0.1 percentage points of GDP growth. Photo: Bloomberg

    Conflict could seriously disrupt world trade, investment flows

    Jul 6, 2018 7:20am
    The trade war between the United States and China may have little immediate impact on the economic growth of both countries, but it could seriously disrupt world trade, with repercussions on financial markets and investment flows, Reuters...
  • Netflix is reported to be testing new price points and features in its video streaming service. Photo: Reuters

    Netflix said to be testing a new, pricier service tier

    Jul 5, 2018 6:11pm
    Online streaming giant Netflix is reportedly testing a new, more expensive tier of service that delivers better video quality. The new, pricier tier is called Ultra, according to Newsweek, which followed up on information first published...
  • Unlike broader foreign policy which can be influenced and shaped by Congress and civil servants, on trade policy it is what Donald Trump wants that seems to matter. Photo: Reuters

    Trade conflicts – One round… or many?

    - Jul 5, 2018 4:48pm
    We continue to go in circles on trade policy. Following the initial 301 tariff threat, ZTE sanctions, and a reported ‘truce’, tariffs are again back on the table. And not just any tariffs, US$450 billion worth...
  • A file picture of Simon Loong, the founder of online lending platform WeLab. The fintech startup is gearing up for a Hong Kong IPO. Photo: Bloomberg

    How WeLab is doing things right

    - Jul 5, 2018 1:20pm
    WeLab Holdings, a Hong Kong-based financial technology unicorn backed by big names like Li Ka-shing’s TOM Group and Jack Ma’s Alibaba Group, has filed a listing application with the Hong Kong bourse. A draft prospectus reveals...
  • Nike versus Adidas: edge-of-the-seat excitement at FIFA World Cup 2018. Photo: Reuters

    Nike leads Adidas 4-3 in World Cup

    - Jul 5, 2018 11:17am
    So who will take the 2018 World Cup? Our answer: It is most likely that a Nike-sponsored team will lift the Coupe du Monde trophy on July 15. That is because the top three teams are...
  • If US levies tariff on US$50 billion worth of Chinese goods, it would only represent 0.2 percent of China’s GDP. Photo: Reuters

    A global trade war won’t happen, hopefully

    - Jul 5, 2018 10:02am
    The trade talks between China and the United States are taking a bumpy ride. The US will implement a 25 percent tariff on US$34 billion of Chinese imports on Friday, and then impose tariffs on another...
  • A file photo shows Kim Dotcom, founder of Megaupload.com, speaking to the media as he leaves the high court in Auckland. The internet entrepreneur can be extradited to the US to face racketeering and criminal copyright charges, a New Zealand court has rul

    Megaupload’s Kim Dotcom can be extradited to US, NZ court rules

    Jul 5, 2018 9:15am
    Internet entrepreneur and Megaupload founder Kim Dotcom can be extradited to the US to face racketeering and criminal copyright charges, a New Zealand court ruled on Thursday. The Court of Appeal rejected Dotcom’s petition and upheld a...
  • India is WhatsApp’s biggest market with over 200 million users. But false news on its app this year has contributed toward the triggering of mass beatings of more than a dozen people, at least three of whom have died. Photo: Reuters

    WhatsApp in India vows to act on false news amid mob beatings

    Jul 5, 2018 9:01am
    Facebook Inc.’s WhatsApp messenger service has responded to a call from India’s technology ministry to curb the spread of false information on its platform, saying such a task required a partnership between the pair as well...
  • The OECD said much of the productivity growth has been generated by a small of number of innovative firms that invest massively in technology but employ few workers compared to other more traditional companies. Photo: Reuters

    Blame ‘superstar’ tech firms for slow wage growth: OECD

    Jul 5, 2018 8:25am
    Fast-growing “superstar” tech firms are taking a growing share of national income in many countries, leaving workers’ overall wage growth subdued, the Organization for Economic Cooperation and Development said. Though unemployment in most OECD countries has...
  • Washington says it will implement tariffs on US$34 billion of Chinese imports on Friday, and Beijing has vowed to retaliate in kind on the same day. Photo: Reuters

    China says it won’t fire first shot in trade war with US

    Jul 5, 2018 8:05am
    China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, Reuters reports, citing the finance ministry. A person with knowledge of...
  • Wang Jian was a chairman and co-founder of HNA, one of China’s most acquisitive conglomerates which has been selling assets to slash debt. Photo: Bloomberg

    HNA chairman Wang dies after fall during trip to France

    Jul 4, 2018 5:51pm
    China’s HNA Group said Wang Jian, a chairman and co-founder, died during a business trip to France on Tuesday after a serious injury caused by a fall, Reuters reports. HNA, one of China’s most acquisitive conglomerates...
  • A file photo shows people being offered free reusable bags as they enter the Amazon Go convenience store in Seattle. Credit: Reuters

    Amazon to open another cashier-less Go store in Seattle

    Jul 4, 2018 5:49pm
    Amazon is growing its cashier-less retail business with the planned addition of another Amazon Go convenience store this year. The e-commerce giant will open a second Amazon Go store in its hometown of Seattle in the...
  • HTC is pinning a lot of hopes on its Vive VR headset and related efforts, but the rewards may not come in easily. Photo: Bloomberg

    After job cuts, what HTC needs is a clear direction

    - Jul 4, 2018 1:23pm
    It was a sad day for employees of HTC as the Taiwan smartphone maker announced on July 2 — the first working day of the month — that it will slash its workforce by nearly a...
  • The market still offers opportunities for suitably skilled and risk-aware active managers who should pay heed to aligning risk settings with their investment horizons. Photo: Reuters

    Should investors prepare for the ‘worst of times’?

    - Jul 4, 2018 1:22pm
    “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness . . . it was the spring of hope, it was the...
  • Netflix has to keep burning money to cement its leading market position. Photo: Bloomberg

    Netflix investors are more like adventurers

    - Jul 4, 2018 10:45am
    The Economist runs a cover story on Netflix in its latest issue, explaining how the video streaming company used algorithms to identify the different tastes and preferences of its viewers, establishing some 2,000 “taste clusters” for...
  • The authorization from the  US Commerce Department’s Bureau of Industry and Services grants a waiver to some companies that do business with ZTE to do so for one month. Photo: AFP

    US allows ZTE transactions to maintain networks

    Jul 4, 2018 9:36am
    The US Commerce Department granted a temporary reprieve to ZTE Corp. (000063.CN) that allows China’s No. 2 telecommunications equipment maker to conduct business needed to maintain existing networks and equipment in the United States as it...
  • Beijing is said to be urging the European Union to forge a united front with China against the United States on trade. Photo: AFP

    China presses Europe for anti-US alliance on trade

    Jul 4, 2018 9:29am
    China is putting pressure on the European Union to issue a strong joint statement against US President Donald Trump’s trade policies at a summit later this month but is facing resistance, Reuters reports, citing European officials....

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