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China has high hopes for the ‘automated farm’

As rich countries welcome autonomous cars, trucks and boats onto their roads and waterways, the developing world is grappling with a humbler revolution: automated farming. What was once the world’s most labour-intensive profession may be soon run by smartphones. And that could change agriculture as profoundly as mechanisation did last century. This shift will affect how food is grown and ...

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Facebook follows users into every nook with ads

Facebook Inc. keeps finding new and potentially annoying places to sell advertisements in its digital hangouts. That’s good news for the company’s bottom line, but it also may signal weakness. Along with Facebook’s controversies of late have been a steady drip of disclosures about fresh spots for Facebook’s paid commercial messages. The company recently started testing different types of ads ...

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Banks in EU win battle to soften new crisis rules

Bloomberg Banks in the European Union won a battle to soften new rules on how failing firms are restructured, as the bloc’s parliament staked out its position on a sweeping overhaul of rules for the financial industry. Lawmakers backed a cap on the loss-absorbing liabilities that regulator can force troubled banks to hold. The ceiling could help to hold down ...

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