March, 2017

• 2 March

  Smart Dubai showcases smart initiative in Spain

  

    Madrid / Emirates Business Dr Aisha Bint Butti Bin Bishr, Director General of the Smart Dubai Office, recently showcased Smart Dubai’s experience of transforming the emirate into a completely smart city to a number of future city leaders during the key session on the ‘Fourth Industrial Revolution’ at Mobile World Congress 2017 in Barcelona, Spain. During the presentation, Dr ...

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• 2 March

  Trump trying to find his footing on vexing foreign problems

  

    WASHINGTON / AP Despite his promises of a no-holds-barred administration, President Donald Trump is tiptoeing around US military engagements in Afghanistan and Iraq, and dialing back the threats of abandoning allies. It seems Trump is opting for an increasingly risk-averse approach to the world. Although he vowed an aggressive new Iran posture and at one point questioned even basic ...

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• 2 March

  China’s Didi weighs raising billions in fresh capital

  

    Bloomberg Didi Chuxing, the ride-hailing service that acquired Uber Technologies Inc.’s China business last year, has held informal talks with investors about raising billions of dollars to buy more time to build a profitable business model, according to people familiar with the matter. Didi’s investors, numbering more than 100, are divided over whether more capital is needed now, said ...

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• 2 March

  India exploring new sites for building nuclear projects

  

    Bloomberg India is exploring new locations, in addition to those already identified, to build nuclear power plants and meet its generation goal, a government official with direct knowledge of the matter said. The nation has had to back out from a couple of sites in the past because of opposition from the local population and is now looking at ...

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• 2 March

  Japan hedge fund sees Trump’s policies boosting Topix by 15%

  

    Bloomberg Toshihiro Hirao, whose Japan hedge fund posted its biggest decline ever last year, sees relief ahead as he expects President Donald Trump’s policies to boost Japanese equities by the most in three years. Hirao, 52, who runs the Asuka Japanese Equity Long Short Strategy in Tokyo, is predicting that Trump’s pro-business agenda will help strengthen the dollar, stoking ...

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• 2 March

  Tesla overcomes China stumbles as sales triple, pass $1 billion

    Bloomberg Tesla Inc.’s revenue from China last year tripled to more than $1 billion, indicating better traction in the market Chief Executive Officer Elon Musk has predicted could eventually become the company’s biggest. hina accounted for more than 15 percent of Tesla’s more than $7 billion of total revenue last year, according to a US regulatory filing. Sales from ...

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• 2 March

  Britain faces a Brexit war on four fronts

  

    March is likely to see at least four key Brexit battles, whose outcome will frame the next two years of negotiations as Britain and the remaining 27 EU members wrangle over their future relationship. Here’s the rundown. THE LORDS Prime Minister Theresa May would undoubtedly prefer Brexit to be under way by March 25, when the remaining members of ...

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• 2 March

  Japan’s amusement parks are no joke

  

    What use would a country with more people over the age of 70 than under 20 have with amusement parks? More than you might think. U.S. cable giant Comcast Corp. certainly seems to think so, judging by its decision to spend $2.3 billion buying full control of Universal Studios Japan. Comcast’s NBCUniversal unit previously paid $1.5 billion for 51 ...

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• 2 March

  What’s wrong with Bill Gates’ robot tax

  

    Microsoft Corp. founder Bill Gates made a splash in a recent interview, when he suggested that robots should be taxed in order to help humans keep their jobs. Right now, the human worker who does, say, $50,000 worth of work in a factory, that income is taxed and you get income tax, social security tax, all those things. If ...

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• 2 March

  McDonald’s sees $100 billion delivery market as way to grow

  

    Bloomberg After years of seeing fewer US customers come in its doors, McDonald’s Corp. is increasingly embracing a different philosophy: take the food to them. The fast-food chain will rely heavily on delivery to reignite sales, especially in the US, according to executives speaking at McDonald’s investor day in Chicago. The company also is turning more aggressively to digital ...

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