Admin
October 21, 2017 Opinion
President Donald Trump has been attacking trade for months, but believers in the value of international competition have drawn comfort from his reputation for empty talk and record of non-accomplishment. That record, along with a trade pact that has served the US economy well for decades, may be about to end. Talks on revising the North American Free Trade Agreement ...
Read More »
Admin
October 21, 2017 Opinion
What would America’s abortion policy be if the number of months in the gestation of a human infant were a prime number — say, seven or eleven? This thought experiment is germane to why the abortion issue has been politically toxic, and points to a path toward a less bitter debate. The House of Representatives has for a third time ...
Read More »
Admin
October 21, 2017 Opinion
So what if there’s a lot of China debt out there, and the pile just keeps getting bigger? Investors, at least, appear not to care. As President Xi Jinping prepares for a second five-year term, he’s already managed to convince markets that China’s deleveraging train has left the station — never mind that there’s no evidence state-owned enterprises have even ...
Read More »
Admin
October 21, 2017 Opinion
With Russia and China both embracing the idea of sovereign cryptocurrencies, it’s time to ask a simple question: Why is a technology threatening to decentralize money so attractive to highly centralized, authoritarian regimes? Last weekend, Argumenti i Fakti, a pro-government newspaper, quoted Russian communication minister Nikolai Nikiforov as saying president Vladimir Putin had ordered the swift launching of a “crypto-ruble.†...
Read More »
Admin
October 21, 2017 Technology
Bloomberg Foxconn Technology Group and venture firm IDG Capital are seeking to raise a 10 billion yuan ($1.5 billion) fund to seed startups in automotive technologies from self-driving AI to battery development, according to a presentation for investors. Foxconn and IDG initiated talks with government-backed funds, financial institutions and financiers several months back, according to a document presented to potential ...
Read More »
Admin
October 21, 2017 Technology
Bloomberg Alphabet Inc.’s autonomous vehicle technology will be a big part of its Toronto project to make urban life more Googley. Sidewalk Labs LLC, a unit of Google parent Alphabet, and Waterfront Toronto unveiled plans to build a digital district in Canada’s largest city. Sidewalk’s official plans filed with the city and released include visions of all sorts of robotic ...
Read More »
Admin
October 21, 2017 Technology
Bloomberg Shares of Apple Inc. and some of its suppliers fell on signs that demand for the new iPhone 8 models isn’t as strong as anticipated while buyers await the release of the higher-end iPhone X. The Taipei-based Economic Daily News reported that Apple cut orders for its latest model, which went on sale last month, by more than 50 ...
Read More »
Admin
October 21, 2017 Technology
Bloomberg Samsung Electronics Co. has agreed to a deal to open a new space in London’s King’s Cross district which will serve as a showcase for its products and technology, two people with knowledge of the plan said. The technology giant is finalising details to lease the 20,000 square feet top floor of the under construction Coal Drops Yard mall, ...
Read More »
Admin
October 21, 2017 Technology
Bloomberg Having built an impressive lead in artificial intelligence, Canada is keen to do the same in driverless cars—specifically the lidar (laser radar) technology that lets these vehicles see where they’re going. The nation’s main contender is LeddarTech Inc. The Quebec City-based company makes solid-state technology it says is better and cheaper than earlier versions of lidar and sells it ...
Read More »
Admin
October 21, 2017 Banking
Bloomberg Rudolf Bohli, the activist hedge-fund manager pushing for a breakup of Credit Suisse Group AG, said he’s in talks with more than 150 potential investors with the goal of raising 1 billion francs ($1.02 billion) for his campaign. Bohli, whose firm RBR Capital Advisors AG currently manages about 250 million francs, said most of the potential backers he pitched ...
Read More »