Bloomberg The $1,000 price tag on Apple Inc.’s new iPhone X didn’t deter throngs of enthusiasts around the world who waited—sometimes overnight—in long lines with no guarantee they would walk out of the store with one of the coveted devices. At Apple’s flagship Fifth Avenue store in Manhattan, the line coiled up and down several times along 58th Street and ...
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Trump to extend Asia tour to attend regional summit
Bloomberg President Donald Trump said that he will add a day to the end of his five-nation tour of Asia, saying he would now stay for “the most important day†of a regional summit. The president had been scheduled to return to the US on Nov. 13, a day before the start of the East Asia Summit, the traditional venue ...
Read More »Lebanese PM Hariri resigns, attacking Iran, Hezbollah
Bloomberg Lebanon’s prime minister Saad al-Hariri resigned on Saturday, saying he believed there was an assassination plot against him and accusing Iran and its Lebanese ally Hezbollah of sowing strife in the Arab world. His resignation shatters a coalition government form-ed last year after years of political deadlock, and which was seen as representing a victory for Shi’ite Hezbollah and ...
Read More »Spanish plans buffeted as court issues int’l arrest warrant for Puigdemont
Bloomberg A Spanish court issued an international arrest warrant for self-exiled Catalan leader Carles Puigdemont and four others, ramping up pressure on the separatist campaign and buffeting Madrid’s plans to dampen support for the movement. National Court Judge Carmen Lamela wrote in her ruling that the separatists promoted “violent force†and incited “insurrection.†Minutes after her order was made public, ...
Read More »Populism risk in Brazil is real, says presidential hopeful
Bloomberg Six months ago Sao Paulo Mayor Joao Doria revealed unbridled presidential ambitions, travelling the country and the world professing an aggressive pro-market agenda and an management style with the slogan “Speed It Up.†In an interview in his Sao Paulo office this week he struck a more humble, down-to-earth tone, talking about the need to do more in his ...
Read More »Kenya opposition calls for boycott of Safaricom, Danone unit
Bloomberg Kenya’s main opposition alliance called for a boycott of three of the country’s biggest companies, including mobile operator Safaricom Ltd., to press its demands for electoral reform. The National Super Alliance said its supporters should also spurn Brookside Dairies Ltd., part-owned by Danone SA of France, and closely held Bidco Oil Refineries Ltd., a Nairobi-based manufacturer of edible oils. ...
Read More »On tax reform, GOP should have gone big and bold
Needing a victory to validate their majorities, congressional Republicans have chosen not to emulate Shakespeare’s Henry V before Agincourt. He advocated stiffening the sinews, summoning up the blood and lending the eye a terrible aspect. The Republicans would rather define victory down. What began with a bang of promises of comprehensive tax reform will end with a whimper: The only ...
Read More »China can help turn the lights on
Last weekend, officials in Puerto Rico announced that they’re pulling the plug on a controversial $300 million contract to rebuild the island’s electrical grid after Hurricane Maria. The previous contractor, Whitefish Energy Holdings LLC, a Montana company with just two full-time employees prior to the award, will leave the island within 30 days, while officials try to find an alternative ...
Read More »The wrong way to lure technology companies
Hong Kong has tried just about everything to attract technology companies. It has incubators and accelerators, hubs and clusters, a Cyberport and an InnoCentre. The government has even established a lavish fund to invest in cutting-edge companies. Yet all this has produced nearly no startups of note. Don’t expect its latest idea to fare much better. Hong Kong’s securities regulator ...
Read More »Defend US democracy with digital transparency
As a response to the Russian campaign to sow discord in the 2016 presidential election, the so-called Honest Ads Act is wholly inadequate. It is also entirely necessary. The legislation, introduced last week by Democratic senators Mark Warner of Virginia and Amy Klobuchar of Minnesota, requires online platforms with at least 50 million monthly users — think Facebook, Google and ...
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