European markets were set to open slightly lower on Tuesday morning, as investors paused for breath ahead of a Federal Reserve meeting. Britain’s FTSE 100 is poised to open 5 points lower at 7,251; the German Dax is expected to open down by around 11 points at 12,554 while the French CAC is set to […]
Read moreThe internet revolution in China saw companies design products and services to solve social issues in the world’s second-largest economy. Now, businesses are working to innovate in more hardcore technological areas such as artificial intelligence, according to a leading investor. William Bao Bean, general partner at early stage venture capital firm SOSV, said at a […]
Read moreIt’s not too late for South Korean leaders to “reflect on the lessons” to be learned from Lotte Group’s business woes following Seoul’s deployment of a high-tech missile defense system on China’s doorstep, Chinese state media said on Tuesday. South Korean conglomerate Lotte said last week it will sell its supermarkets in China after most […]
Read moreAngela Merkel is likely to be re-elected as Germany’s chancellor for a fourth term in an election next Sunday, a result that could seal the continent’s fate in terms of ever closer political and economic union. If voter polls are to be believed, pro-European Merkel’s victory is assured with her conservative coalition ahead of the […]
Read moreRaising cash may be the hardest job of an entrepreneur. The number of total venture capital deals declined by a stark 24 percent worldwide in 2016, according to a KPMG report. With increasing competition, it’s likely even harder to stand out — or at the very least, not mess up a pitch presentation. CNBC recently […]
Read moreWal-Mart said Tuesday it is removing a hurdle that had long prevented food stamp recipients from using its online grocery shopping platform. The U.S. Department of Agriculture, which oversees the Supplemental Nutrition Assistance Program, requires that customers using electronic benefits transfer, pay for their purchases at the “actual time and place” of a sale. At […]
Read moreEntrepreneurial spirit and innovation aren’t exactly synonymous with North Korea. But, former Bain & Company consultant Geoffrey See has bet on the reclusive country’s business potential for nearly a decade. And he says changes are finally starting to take hold. “I think the last five years have become a much more stable environment,” See said. […]
Read moreChina needs to make good on its own repeated calls to open up its markets, or face consequences, warned the European Union Chamber of Commerce in China. In recent years, China has publicly avowed to do so, with President Xi Jinping making speeches on openness and globalization. In January, China’s State Council released a document […]
Read moreThe world’s second-largest economy will likely start manufacturing engines for jumbo jets soon, according to Rolls-Royce, a long-time engine manufacturer for commercial and defense aerospace. “In the long-run, it’s very possible and plausible that China and other countries will be looking to develop wide-body engines,” said Rolls Royce Chairman Ian Davis at the Singapore Summit […]
Read moreMost major Asian indexes rose on Tuesday ahead of the U.S. Federal Reserve’s September meeting as investors awaited clues from the central bank on future monetary policy. Japan’s Nikkei 225 rose 1.27 percent as markets resumed trade following a public holiday. Exporters, trading houses and retailers notched gains after the dollar hit a seven-week high […]
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