Bloomberg Shivam Shankar Singh woke last month to an e-mail from an Indian government department. It had a name, address, mobile phone number and bank account with a code for money transfers and investments made in a dairy farm. None of the details were his. The e-mail contained details submitted to a program that collects personal and biometric data, ...
Read More »Uncategorized
SoftBank’s Son lays out vision for future of technology
Bloomberg SoftBank Group Corp.’s Masayoshi Son, sporting a black turtleneck similar in style to the late Steve Jobs, laid out his vision for the future of technology and called for partners to help make it happen at the smartphone industry’s biggest annual gathering. Son reiterated his belief that computers will exceed humans in intelligence in three decades, and that ...
Read More »Panasonic eyes storage boost as Japan solar incentives wane
Bloomberg Japan’s scaling back of a program encouraging residential solar has Panasonic Corp. hopeful the market for home energy storage systems is about to receive a boost. In 2019, a program designed to buy back solar power flowing from rooftop panels at above-market rates will start becoming less enticing, potentially leaving homeowners who signed up with excess power on ...
Read More »China shares’ power surge leaves global investors skeptical
Bloomberg The biggest equity rally in Asia this year has yet to captivate global investors. The MSCI China Index, which is dominated by Hong Kong-traded Chinese shares, has surged 11 percent since December 31, its best start to any year since 2012. That’s been fueled by $9 billion of inflows through cross-border trading links as mainland investors seek to ...
Read More »Mexico warns US of cutting off Nafta talks if tariffs proposed
Bloomberg Mexico’s top trade negotiator doubled down on threats to break off talks to rework Nafta, saying his country will walk away if the US insists on slapping duties or quotas on any products from south of the border. “The moment that they say, ‘We’re going to put a 20 percent tariff on cars,’ Iget up from the table,†...
Read More »FCStone bets on tech transforming physical gold market
Bloomberg INTL FCStone Inc. is betting the $170 billion physical gold market will follow the rest of the bullion world in catching up with technology. The brokerage has started a platform that brings everyone from refiners to jewelers together to trade metal around the world, said Barry Canham, who heads the company’s precious metals division. At the moment, the ...
Read More »Hamdan opens Gulffood 2017
Dubai /Â WAM His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance, on Sunday opened the 22nd edition of the Gulfood 2017, the food and beverage exhibition, at Dubai World Trade Centre. After the formal inauguration Sheikh Hamdan toured the 1,000,000 sq.ft. show, which is set to run for five days and ...
Read More »Dubai South inaugurates new Business Centre to support SMEs
Dubai /Â WAM Dubai South launched its new Business Centre in the Business Park to allow companies to leverage its strategic location in close proximity to the Al Maktoum International Airport and Expo 2020 Dubai. Meeting market demand and anticipating the accelerated growth of innovative start-ups and small and medium-sized enterprises, SMEs, in the country, the new business centre was ...
Read More »DCCI forum seeks to strengthen relations between UAE, Latvia
DUBAI / Emirates Business The Dubai Chamber of Commerce and Industry (DCCI) hosted the UAE-Latvia Business forum at its premises on Sunday, which focused on enhancing trade relations and economic cooperation between the two countries. The forum was attended by a high-level delegation led by Raimonds Vejonis, President of Latvia, and the country’s deputy prime minister and economy minister, ...
Read More »Environmental chief assures rollback of Obama-era rules
Bloomberg US environmental chief Scott Pruitt unveiled plans to roll back at least three Obama-era rules at the EPA while vowing to give businesses “regulatory certainty.†Those policy reversals, set to start next week, will empower the Environmental Protection Agency to focus on its core mission of protecting the air and water, Pruitt said in a speech and question-and-answer ...
Read More »