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October 20, 2018 Opinion
Netflix Inc. has spoiled us. It accustomed viewers to the prospect of a relatively cheap video service without advertising interruptions and with what feels like an unlimited assortment of TV shows and movies that can be watched at any time. It did this at the expense of an economic business strategy, prioritising customers over profits. Whether Netflix’s approach is viable ...
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October 20, 2018 Opinion
No news can sometimes be good news. Unilever and Nestle, two of Europe’s biggest consumer giants, managed to report sales growth that broadly matched analyst estimates.That was exactly what they needed: both are vulnerable if they stumble. A misstep at Nestle could strengthen the hand of an activist investor; at Unilever, it could attract one. The pair is struggling with ...
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October 20, 2018 Opinion
President Donald Trump has been known to exaggerate what he sees as China’s unfair advantages in trade with the US, and to unproductively escalate tensions between the two countries. But with his latest complaint, having to do with the seemingly trivial matter of global postal fees, Trump has highlighted an unfair imbalance between the two nations that should be relatively ...
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October 20, 2018 Opinion
US Trade Representative Robert Lighthizer has sent a gift to Brexit supporters. His letter notifying Congress that the Trump administration plans to seek a “cutting-edge†free-trade deal with the UK was music to the ears of those who have long argued that leaving the European Union will allow Britain to pursue an ambitious policy of bilateral trade deals. Getting such ...
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October 20, 2018 Opinion
For all the talk of China’s industrial ambitions and trappings of dominance, the truth is its companies can’t keep up with the competition. China’s Ministry of Commerce opened an anti-dumping investigation into Japanese and Taiwanese exporters of vertical-machine centers – core-equipment manufacturing facilities for autos and other high-tech processes – after complaints by a group of Chinese companies. The probe ...
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October 20, 2018 Opinion
If you thought Greece’s ordeal was over, think again. Months after exiting its international rescue program, the country faces renewed trouble in its banking system. There is no easy fix: money is short and investor patience thin. But it looks increasingly like the gradual approach pursued by Athens and the euro zone authorities is running out of steam. Lenders still ...
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October 20, 2018 Technology
Bloomberg Servers make the modern internet possible. Millions of these workhorse computers hum away in remote data centers of Alphabet Inc’s Google, Amazon.com Inc and Microsoft Corp running websites, sending information to smartphone apps and crunching data for cloud-based software programs. Privacy Labs Inc, a startup based near Microsoft headquarters just outside Seattle, wants to upend all this in the ...
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October 20, 2018 Technology
Bloomberg Lam Research Corp. will be the first semiconductor equipment maker to report earnings and Wall Street is cautious. Lower spending from makers of memory chips due to elevated inventories has reduced estimates for equipment sales next year and a recovery isn’t likely until the second half of 2019, according to Evercore ISI analyst C.J. Muse. Makers of machinery used ...
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October 20, 2018 Technology
Bloomberg Huawei Technologies Co. overtook Apple Inc. in August to become the second-biggest seller of smartphones globally, with just Samsung Electronics Co. left to beat. And it revealed the Mate 20 Pro—a flagship device to rival the iPhone Xs Max and Galaxy Note 9.All three devices share similarly large screens, powerful processors and sleek designs; and each represents a different ...
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October 20, 2018 Banking
Bloomberg The European Central Bank’s prospects for gradually weaning the economy off monetary support could yet be tested by a big unknown its officials don’t mention much: a disorderly Brexit. Policy makers have given limited prominence to that risk despite divorce talks between the UK and European Union repeatedly stalling before the country’s departure in less than six months. In ...
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