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Robots look like China’s latest investment bubble

  Adam Minter The story first turned up in mid-May: Foxconn, Apple’s favorite manufacturer, was replacing 60,000 of its workers with robots. Everyone from the BBC to Apple fan sites soon reported the ground-shifting news. There was just one problem: It was mostly false. Last weekend, a Foxconn spokesperson told Chinese media that the company hadn’t laid off anyone, much ...

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As South China Sea verdict nears, Washington must stand with Manila

  J. Randy Forbes SPECIAL TO EMIRATES BUSINESS With tensions rising in the South China Sea, the United States’ alliance with the Philippines may be approaching one of its most important moments in its 65-year history. Over the past few years, the world has watched as China has steadily worked to achieve de facto control of the islands and waters ...

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Saudi woos foreign firms to build 1.5 mn housing units

  JEDDAH / Reuters Saudi Arabia will offer foreign and local property developers partnership deals in a vast housing construction programme that aims to build 1.5 million homes over the next seven or eight years, the housing minister said. “We are preparing five or six types of partnership between the ministry and the developer,” Majed al-Hogail told a news conference ...

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