June, 2017

• 12 June

  Trump’s Paris exit dims prospects for Indian solar power sector

  

  With Donald Trump pulling the US out of the Paris climate accord, China and India will have to shoulder the burden of keeping a lid on global warming. But even if the two most-populous nations are willing to take up the mantle, their ability to pull it off is uncertain. India’s solar industry offers a case study. Thanks to a ...

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• 12 June

  Europe shows how to deal with a failing bank

  Credit where credit’s due: The sale for 1 euro of Banco Popular Espanol SA, a failing Spanish bank, to rival lender Banco Santander SA shows how the euro zone should handle such cases. The regulators acted swiftly and fairly. Global markets barely noticed. This is a model for future interventions. Banco Popular’s troubles date back to Spain’s real-estate crisis, which ...

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• 12 June

  War on leakers is off to a bad start for Trump

  The prosecution of intelligence contractor Reality Leigh Winner under the Espionage Act is a sure sign that the Trump administration’s war on leakers has begun. But as the opening battle, it’s poorly chosen, and a serious mistake in prosecutorial discretion by Deputy Attorney General Rod Rosenstein, who should know better. Winner has the wrong profile for a headline-grabbing prosecution by ...

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• 12 June

  Uber still doesn’t look like the next Facebook

  

  Uber has been in the news a lot lately, and most of it hasn’t been pretty. Allegations of a sexist workplace culture, a high-profile legal battle with Alphabet Inc. (Google) over self-driving car technology, reports of attempts to skirt local laws, an anti-Uber Twitter campaign, and an exodus of top talent have put the ride-hailing giant on the back foot. ...

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• 12 June

  A mathematician’s secret is we’re not all geniuses

  

  You don’t have to be a genius to become a mathematician. If you find this statement at all surprising, you’re an example of what’s wrong with the way our society identifies, encourages and rewards talent. As a mathematician who studied at Berkeley, Harvard and Princeton, I’ve known geniuses. I got to hang out with Andrew Wiles, who is credited with ...

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• 12 June

  Google wants to block advertisements to save them

  

  Google, which controls more than 40 percent of the US digital ad market, has decided to teach the world which ads are acceptable and which aren’t. Starting next year, its Chrome web browser will block all ads — including those bought through Google — on websites that don’t follow guidelines set by an industry group. This monopolistic move is meant ...

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• 12 June

  US tech selloff batters stocks

  

  Bloomberg A selloff in US technology stocks spread through Asia and Europe, battering shares from South Korea to the Netherlands. The pound fluctuated as an embattled Theresa May fought to survive the fallout from the British general election. Samsung Electronics Co., ASML Holding NV and Tencent Holdings Ltd. led declines in Europe and Asia, dragging down benchmark indexes. US stock ...

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• 12 June

  Pakistan stocks fall most globally as PM Sharif to appear for probe

  Bloomberg Pakistan’s key stock index declined the most globally on Monday as Prime Minister Nawaz Sharif was called to appear before a team investigating corruption allegations against his family. The nation’s benchmark KSE100 Index declined 3.8 percent at the close in Karachi, the most among 96 primary indexes tracked by Bloomberg. Habib Bank Ltd. was the leading decliner down 3.2 ...

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• 12 June

  US stocks still best for Vanguard founder after 400 percent gains

  Bloomberg While a chorus of market experts is telling investors to look outside of the US for big returns, at least one loud voice is singing a very different tune — Vanguard Group founder Jack Bogle. The 88-year-old investor, who started the first index fund in 1976, said that he’s fully invested in US securities, with stocks and bonds having ...

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• 12 June

  Greek bank Attica leads way to cut bad loans, boost capital

  

  Bloomberg Greece’s larger banks can take a leaf out of Attica Bank’s playbook. While the country’s four big banks are struggling to shrink their non-performing exposures (NPEs), smaller lender Attica Bank has become Greece’s first to turn to securitization as a way to both shrink its bad loans and close a capital shortfall. The Athens-based bank is using the services ...

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