Experts say the Indian government’s latest plan may not be enough to fix its bad debt problems. Earlier this month, Piyush Goyal, India’s interim finance minister, revealed plans to set up an Asset Reconstruction Company or a “bad bank” aimed at absorbing the 9.5 trillion rupee bad debt in state-owned banks. Doing so would allow […]
Read moreHong Kong’s housing market has shown little sign of cooling after years of consistent price increases. In response, the government is now considering a controversial measure. Property in the semi-autonomous region of China has long ranked among the world’s most expensive due to inadequate land supply, robust speculation, demand from mainland Chinese buyers and years […]
Read moreThe United States will soon present a timeline to North Korea with “specific asks” of Pyongyang after a historic summit between U.S. President Donald Trump and North Korean leader Kim Jong Un, a senior U.S. defense official said. The official, who spoke to a small group of reporters ahead of a trip to Asia this […]
Read morePresident Donald Trump plans to bar many Chinese companies from investing in U.S. tech and to block additional technology exports to China, The Wall Street Journal reported on Sunday evening, citing people familiar with the matter. The two measures are set to be announced by the end of the week, and are intended to counter […]
Read moreAsia markets are set to open a touch lower on Monday as investors attempt to shake off jitters about trade tensions between the United States and China. Australia’s SPI futures traded at 6,180, which was a touch lower than the ASX 200‘s previous finish at 6,225.2. Nikkei futures in Osaka traded at 22,490 while Chicago […]
Read moreAs the internet changes how we eat, shop and do things, technology companies have become a larger presence and influence at the Cannes Lions International Festival of Creativity. If you need proof, all you had to do this week was look at Cannes, France coastline. The top awards event for the advertising and marketing industries, […]
Read moreThe technology sector has been riding high this year with the seemingly invincible FANG names leading the way. But the proliferation of die-hard tech bulls is making one analyst fearful that the end of its reign might be close. “We’re a little bit concerned about the tech trade,” Chris Harvey, head of equity strategy at […]
Read moreThe U.S. population is getting older, richer and sicker. Technology giants Amazon, Alphabet and Apple have created devices perfectly suited to help aging Americans, with voice-powered assistants that get smarter as they learn more about their users. Yet, outside of a few niche efforts, the companies haven’t invested ample resources to tailor their apps and […]
Read moreIt started with a simple battery. Around 2009, Amazon quietly entered the private label business by offering a handful of items under a new brand called AmazonBasics. Early offerings were the kinds of unglamorous products that consumers typically bought at their local hardware store: power cords and cables for electronics and, in particular, batteries — […]
Read moreAmerican consumers waste 133 billion pounds of food every year. Not only would this wasted food help feed families struggling with hunger, food waste accounts for 27 percent of landfills, and contribute to methane emissions. About $218 billion dollars per year is spent on the production, transportation and removal of uneaten food, according to data […]
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