Bloomberg China’s drive to reduce financial system risks is squeezing the nation’s banks. Caught between policy makers’ intensifying efforts to raise short-term borrowing costs, and benchmark interest rates that haven’t moved since 2015, Chinese lenders have few options but to absorb much of the higher costs. The gap between the three-month Shanghai Interbank Offered Rate and the one-year lending …

  Bloomberg The Google Chromebook, a type of stripped-down laptop, isn’t a practical mobile device for many people — mostly because it basically turns into an expensive paperweight whenever it can’t find a Wi-Fi connection. Yet Chromebooks have defied expectations and made major inroads in an unexpected environment — US schools. In retrospect, that shouldn’t be too surprising. Chromebooks are …

  Dubai / Emirates Business While we continue to make all Facebook apps a great experience, we heard from people they want an even more lightweight option. In many areas, networks can be slow and not able to support everything found in other Facebook apps. To help make sure everyone can have a great Facebook experience regardless of where they …