APPLE has a new hit device, so popular that it has sold out across most of America and Britain. If you order it online it takes six weeks to arrive. “Best Apple product in a long time,” sings one online review. Useful and (of course) slickly designed, it enjoys the highest consumer satisfaction of any […]
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AIRBAGS are meant to make driving safer. But for years, some made by Takata, a Japanese firm, inflated with such vigour that shards of metal and plastic were launched at occupants of vehicles in even minor collisions, causing serious injury and in some cases death. The costs of the biggest-ever recall of vehicles, hauled back […]
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THE IMF, claims Pakistan’s government, is surplus to requirements. Ministers in its business-minded ruling party, the Pakistan Muslim League-Nawaz (PML-N), boast of a record that means the country can pay its own bills. “We will not go back to the IMF programme,” declared Ishaq Dar, the finance minister, in May, almost a year after the […]
Read moreThe dramatic data-scrambling attack that hit computers around the world Tuesday appears to be contained. But with the damage and disruption still coming into focus, security experts worry the sudden explosion of malicious software may have been more sinister than a criminally minded shakedown of computer users. “There may be a more nefarious motive behind […]
Read moreBlue Apron shares hovered near their IPO price in their first moments of trading on Thursday, rising almost 6 percent. The start-up made its trading debut on the New York Stock Exchange under the symbol “APRN” on Thursday morning. The company priced its IPO at $10 a share, the low end of the expected range […]
Read moreChinese President Xi Jinping touched down Thursday in the Special Autonomous Region of Hong Kong. Xi is there to mark 20 years on July 1 since the city’s handover from former colonial power the U.K., and was greeted by scores of children dutifully waving red Chinese flags.According to Lord Chris Patten, the last British governor […]
Read morePrivate equity buyouts have enjoyed the strongest start to a year since before the financial crisis as fund managers have come under intense pressure from investors to deploy some of the record amount of capital they hold. The volume of deals involving private equity firms climbed 29 per cent to $143.7bn in the first half […]
Read moreToday marks the tenth anniversary of the day the very first Apple iPhone launched. Over the years, the iPhone has replaced all sorts of gadgets that we once needed to carry separately. Let’s take a look at what the iPhone has, in many ways, completely replaced. The iPhone replaced the iPod. Sure, for a bit […]
Read moreBernstein told its clients the widely-followed portfolio formula used by retirement funds is obsolete, warning that investors will need to be more active to meet their objectives in the future. The so-called 60/40 rule, emerging during the 1950s, aimed to provide solid returns, diversification and the benefits of lower volatility across market cycles. But the […]
Read moreShaken by the outcome of the presidential election, Brian McClendon left his job at Uber and returned to the Midwest after three decades in Silicon Valley. His mission: to bring Silicon Valley-style job creation to Kansas, a state technology investors have long flown over, not into. The 53-year-old mapping executive, who made a big name […]
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