China’s investors and markets are becoming increasingly important to Israel’s economy, and in particular to its booming high-tech industry. The first IPO (initial public offering) of an Israeli high-tech company on a Chinese stock exchange, Hong Kong, is expected within the year and Chinese investments in Israeli high-tech venture capital approached $1 billion in 2016, […]
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UK inflation surprises with June slowdown, easing pressure on Bank of England
British inflation unexpectedly slowed for the first time since October last month, adding to the likelihood that the Bank of England will keep interest rates at a record low in August. Consumer prices rose by 2.6 percent compared with a year earlier, the Office for National Statistics said on Tuesday, down from a nearly four-year […]
Read moreRussia has threatened to take retaliatory measures against the United States after diplomatic talks collapsed over the seizure of two mansions. U.S. and Russian officials met on Monday to reach an agreement over sanctions imposed by the Obama administration over alleged Russian hacking in the 2016 presidential campaign. However, the Russian foreign ministry said Tuesday […]
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While peer-to-peer car-sharing and ride-sharing may have been around for years, Chinese start-ups have kicked things up a notch by offering shared-electric cars. Among the services available is EvCard, a rental service offering the shared-use of Chinese-made electric cars. High-end rental options include Teslas or BMWs available at a different fee structure. After paying a […]
Read moreWhen President Donald Trump pushed “Made in America” week starting on Monday, Chinese electric vehicle maker BYD might not have been top of mind. But the Warren Buffett-backed company has its sights set on expanding in the U.S. market with its Lancaster, California, production facility set for completion next month, Stella Li, president of BYD […]
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Ericsson cuts 2017 market forecast as second-quarter earnings lag consensus
Mobile telecom equipment maker Ericsson reported a heavier than expected second-quarter loss on Tuesday and lowered its mobile infrastructure market forecast, dealing a fresh blow to the Swedish firm as it tries to restore profitability. The company has slashed jobs and accelerated cost cuts while shares have lost roughly a third of their value in […]
Read moreMarket fundamentals look fairly strong, but political fears have held investor spirits in check, Kate Moore, chief equity strategist at BlackRock Investment Institute, told CNBC on Tuesday. “There’s been a tremendous amount of anxiety about taking equity risk so far this year,” she told CNBC’s “Squawk Box,” adding that the fear came despite “pretty good” […]
Read moreA judge has ordered Google to hand over employee records to federal investigators probing the alleged gender pay gap at the Internet giant. Google must provide the Labor Department with contact data for up to 8,000 employees to investigate whether the Silicon Valley company shortchanges women doing similar work to men, according to Friday’s provisional […]
Read moreWhile last week’s talks between Trans-Pacific Partnership states failed to produce any major breakthroughs, they did demonstrate members’ commitment to inking the wide-spanning free trade agreement. Since President Donald Trump’s administration withdrew the U.S. from the deal, TPP signatories face a daunting task in finalizing a new framework by November — the agreed upon deadline. […]
Read moreAlibaba stepped up its push to blend online and offline shopping with the launch of three new supermarkets in Beijing and Shanghai, as part of its “new retail” strategy, the company announced Monday. From within those outlets — called Hema stores — customers can shop, dine and order groceries for delivery from their mobile phones […]
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