Want to switch on the TV? Wait for the entire family to gather in the evening. That’s one of the strategies that Philippine Energy Secretary Alfonso Cusi says his countrymen use to squeeze the most juice out of electricity. When President Rodrigo Duterte gets a moment from his drugs war, a busy economic agenda is crying out for attention. ...
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Why Airbnb won’t conquer China!
It’s never easy for American businesses to make it in China. Cultural differences, government interference and the sheer cost of competing in a market that dwarfs the US have frustrated companies ranging from Wal-Mart Stores Inc. to Uber Technologies Inc. Those stumbles aren’t dissuading Airbnb Inc., however. This week the home-sharing pioneer announced that it’s changing its local brand ...
Read More »Key to control in Silicon Valley is simple
Silicon Valley technology executives tend to be control freaks. Snapchat’s founders made sure they didn’t have to listen to stockholders when deciding how to run the company. When Marissa Mayer was a senior Google executive, she instructed her staff to test 41 shades of blue to find just the right color for a website toolbar. Jack Dorsey made sure ...
Read More »The national slush fund
There was bound to be a political commotion when the Trump administration released its 2018 budget. After all, it isn’t every day that the White House proposes deep cuts in agency spending: for 2018, the Environmental Protection Agency would be down 31 percent; the State Department, 29 percent; the Department of Education, 14 percent; and the Department of Transportation, ...
Read More »Investment banking in Asia no home run for Wall Street
America, one; Europe, nil. In Asia, at least, US financial institutions are climbing up the investment banking league tables while their euro-area counterparts sink. But Wall Street should not start celebrating now. How long their current reign lasts will depend to a large degree on how long fixed income, currencies and commodities business remains robust. Deutsche Bank AG, weighed ...
Read More »What Trump can do for Venezuela
In between tweets last weekend, President Donald Trump took time to talk with Brazilian President Michel Temer and Chilean President Michelle Bachelet. Top of mind in both calls were efforts to encourage “respect for democratic and humanitarian rights in Venezuela.” A worthy goal, but if Trump really wants to restore democracy in Venezuela, he should let Latin America take ...
Read More »International cooperation vital to fight terrorism
Four people were killed when a knife-wielding man went on a killing spree, driving car into the pedestrians before stabbing a police officer on the parliament compound. The assailant was shot dead by police just yards from entrances to the building itself. People from 11 countries were among the victims and more than 40 people inflicted catastrophic injuries. The ...
Read More »An oasis of liberty in the Arizona sun
As a boy, Barry Goldwater Jr., son of the former senator and 1964 Republican presidential nominee, would step out of his father’s house and shoot at tin cans 50 yards away. Now 78, he says he could fire in any direction and not endanger “anything but a cactus.†His father, born in 1909 in Arizona territory, three years before ...
Read More »Europe’s murky path to normal monetary policy
Much like a father holding the hand of his anxious son through a dark alleyway, the European Central Bank is striving to give markets guidance over how it will normalize its monetary policy. The ECB has told investors that it intends quantitative easing to continue at a pace of 60 billion euros a month from April until the end ...
Read More »American Airlines finds Southern comfort in China
How do you get a foot in the world’s soon-to-be-biggest aviation market in the face of official intransigence from its government? American Airlines Group Inc. thinks it’s found a way. The world’s biggest airline is in talks to take a stake of about $200 million in China Southern Airlines Co. via a private placement, people familiar with the matter ...
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