North Korean leader Kim Jong Un has ignored recent peace overtures from Seoul but he’s due on Tuesday to hold a formal dialogue with his southern neighbor for the first time in more than two years. The sudden interest in talks may have something to do with Pyongyang’s nuclear arsenal. “The North has made significant […]
Read moreOne of the benefits of China shifting its economy away from traditional manufacturing is that the country’s economic growth will be less reliant on borrowing, an economist said on Monday. “[China is] trying to boost growth of the new economy, as the new economy is less credit intensive. That’s also helping deleveraging efforts in China,” […]
Read moreBeijing’s push to transition its economy has led to the country moving on from simply being known as the world’s factory, according to a top executive at Swiss bank UBS. “A lot of things are being created now in China, rather than [it just] being a manufacturing hub,” Kathryn Shih, president of UBS Asia Pacific, […]
Read moreThe Chinese government’s efforts to cool the property sector may finally pay off in 2018, with UBS forecasting zero growth in real estate transactions for the entire year. Real estate purchases slowed in the second half of last year after authorities intensified crackdowns on speculative buying. Soaring demand for properties and a rapid build-up in […]
Read moreApple shareholders Jana Partners and the California State Teachers’ Retirement System are urging the smartphone maker to take steps to address what they say is a growing problem of young people getting addicted to Apple’s iPhones, Jana partner Charles Penner said. Jana, a leading activist shareholder, and CalSTRS, one of the nation’s largest public pension […]
Read moreTwo thirds of people who use digital voice assistants like the Amazon Echo or Google Home use their smartphones less often, according to a new survey published by tech consultancy Accenture. The results suggest that the next big wave of consumer technology will be centered around these digital assistants, and may spell trouble for smartphone […]
Read moreAsian shares on Monday looked set to take cues from Friday’s stateside gains. With few data releases expected during the session, many investors are awaiting earnings releases from regional corporates later in the week. U.S. markets closed higher on Friday despite jobs data for the month of December coming in below expectations. Just 148,000 jobs […]
Read moreCoravin already has a device that pours wine without removing the cork. Now, it’s uncorking a new product. Coravin’s latest product, on display at the International Consumer Electronics Show (CES), reseals the wine without popping the cork. “Coravin Model Eleven,” priced at $999, is a wine preservation opener that will pair with a newly released […]
Read moreThe bitter cold that followed a massive East Coast snowstorm should begin to lessen as temperatures inch up and climb past freezing next week, weather forecasters said. Patrick Burke, a meteorologist with the National Weather Service’s Weather Prediction Center in College Park, Maryland, said temperatures Sunday morning could hit record lows from South Carolina to […]
Read moreA tanker carrying Iranian oil and run by the country’s top oil shipping operator was ablaze and spewing cargo into the East China Sea on Sunday after colliding with a Chinese bulk ship, leaving its 32 crew members missing, the Chinese government said. Thick clouds of dark smoke could be seen billowing out of the […]
Read more