Brussels / AFP The European Union on Wednesday edged up its eurozone growth forecast for this year but trimmed it for 2017, warning that the economy faced new challenges due to Brexit and rising inequality. Brussels also nearly halved its economic growth outlook for Britain itself next year due to uncertainty over the country’s vote to leave the bloc. ...
Read More »Blog Layout
World’s biggest shipping line falls amid fears of trade wars
Bloomberg A.P. Moller-Maersk A/S, the owner of the world’s biggest container shipping line, saw its shares fall on Wednesday as the outcome of the US presidential election fanned concern there will be a shift toward policies that are hostile toward global trade. Maersk sank as much as 5.6 percent to trade 3.4 percent lower at 9,215 kroner at 11:29 ...
Read More »Millions in cash burned on one war over rooftop solar panels
Bloomberg There’s a war brewing over the future of rooftop solar, and Arizona is at ground zero. Pinnacle West Capital Corp., which owns the state’s largest utility, last week said it has formed a third-party group to support candidates for an elected state board that regulates their industry. The move promises to inject $1 million into a race in ...
Read More »Vestas sinks after Trump victory
Bloomberg Shares in Vestas Wind Systems A/S plunged after US voters unexpectedly propelled Republican nominee Donald Trump to the presidency, sparking concern that the renewable- energy industry will face future political headwinds. The world’s biggest maker of wind turbines fell as much as 14 percent and traded 6.6 percent lower at 440.10 kroner as of 12:50 p.m. in Copenhagen. ...
Read More »Poland’s quest to raise rates meets economy running on fumes
Bloomberg Poland’s central bank has its credibility increasingly on the line after gambling that economic growth is strong enough to commit to tightening as its next move. While the 10-member Monetary Policy Council kept its benchmark interest rate at a record low of 1.5 percent on Wednesday, in line with the predictions of all 30 analysts surveyed by Bloomberg, ...
Read More »Markets absorb shock Trump victory, region seen resilient
Reuters Gulf stock markets dependent on foreign funds, such as Dubai and Qatar, fell on Wednesday as the region absorbed the shock of Donald Trump’s US election win and prepared for more volatile trad- ing ahead. Trump, feared by markets because of his views on trade, immigration and taxation, may enact policies that could affect the oil price, the ...
Read More »Modi banknote move jolts India stocks, as US vote weighs
Bloomberg Indian equities and the rupee weakened after Prime Minister Narendra Modi’s government unexpectedly withdrew high-denomination banknotes and as Donald Trump clinched the US presidency. The S&P BSE Sensex tumbled as much as 6.1 percent before trading 2.8 percent lower at 12:50 p.m. in Mumbai. The rupee dropped 0.2 percent to 66.7425 per dollar, poised for its biggest drop ...
Read More »Samsung seeks redemption with AI-infused Galaxy S8
Bloomberg Samsung Electronics Co. plans to equip its next Galaxy S smartp- hones with a Siri-like digital assistant, seeking to make a come- back after the global debacle that precipitated the death of its flawed Note 7 lineup. Samsung, which last month acquired US-based artificial-intelligence software company Viv Labs Inc., said the Galaxy S8 slated for next year will ...
Read More »Turner International turns digital
Bloomberg Time Warner’s Turner unit said Tuesday its international business is launching a digital division to lead digital innovation. Turner International is led by president Gerhard Zeiler. The international unit of Turner, led by chairman and CEO John Martin, has so far consisted of a European, Latin American and Asian operation. Time Warner, which recently agreed to be acquired ...
Read More »Find your nearest defibrillator with Staying Alive app
Relaxnews What should you do when a colleague collapses at work or when someone loses consciousness in the street? Defibrillators are now installed in most public places (train stations, streets, etc.) and workplaces, and can save lives in the event of cardiac arrest. An app- lication, called “Staying Aliveâ€, lists 80,000 such devices worldwide, and lets users locate nearby ...
Read More »