President Donald Trump and his allies in Congress have big plans for tax reform, and there’s something to be said for ambition. But the way they’re promoting their ideas suggests they don’t quite understand their consequences — and that raises larger questions about whether the plan could work at all. House Republicans have long proposed cutting the corporate tax ...
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February, 2017
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15 February
Michael Flynn Trump’s new nemesis
The proverb ‘morning shows the day’ seems to be apt for Trump administration. It’s just little over three weeks and Team Trump is in disarray. The White House has become a jumble of lies, retractions and denials. First, Trump executive order barring travellers from seven Muslim majority countries and halting refugee program opened the Pandora box of confusion and ...
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15 February
Greece’s euro membership looks vulnerable again
Greece is caught in a spat between its major creditors. On one side is the International Monetary Fund, which says “significant debt relief†is needed. On the other are the euro zone institutions, insisting on a primary budget surplus of 3.5 percent of gross domestic product and no further relief. Something’s got to give — and it could be ...
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15 February
Boeing analysts pumping the brakes have a point
As Boeing Co.’s shares soar higher, the ranks of analysts who have a more earthbound outlook on the stock is growing. On Monday, Richard Safran of Buckingham Research became at least the third analyst covering the jumbo-jet maker to say the stock is more likely to fall than continue its climb. A trio doesn’t sound all that notable, but ...
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15 February
Will Amazon revolutionize shipping?
For consumers, Amazon’s made shipping easy: Just choose the desired delivery date for your goodies and click. For the manufacturers who have to get those products to you, however, shipping remains a troublesome, inefficient, stubbornly analog business. Your “one-click†often translates into multiple phone calls, emails, faxes and reams of paperwork — all coordinated by a knowledgeable and well-connected ...
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15 February
Apple mulls China supplier for next-gen iPhone screen
Bloomberg Apple Inc. is in discussions with China’s BOE Technology Group Co. to supply next-generation displays for future iPhones, a key component that’s being provided by a Samsung Electronics Co. unit, people familiar with the matter said. Apple’s been testing BOE’s active-matrix organic light-emitting diode screens for months but hasn’t decided if it’ll add the Chinese company to its ...
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15 February
Microsoft calls on nations to keep civilians out of cyberhacks
Bloomberg Microsoft Corp. is urging countries to step up protection for civilians from state-sponsored cyberhacking, through the formation of international agreements similar to the Geneva Conventions and an independent group to investigate and share evidence on the attacks. The company also is advocating bilateral accords, such as the possibility that “the United States and Russia can hammer out a ...
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15 February
Ferrostaal forays into Middle East with cyber solutions
Dubai / Emirates Business Ferrostaal Group, a leading provider of industrial solutions around the globe, announced the opening of Ferrostaal Technology Solutions L.L.C. (FSTS), its cyber-security focused systems integration division. With headquarters in Dubai Silicon Oasis, the new division will leverage Ferrostaal’s global cyber-security expertise and experience to help businesses in the Middle East reduce their risk and comply ...
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15 February
Senators try to speed up deployment of self-driving cars
WASHINGTON / AP In the first major congressional attempt to address the advent of self-driving cars, two senators said they’re launching a bipartisan effort to help to speed up the deployment of the vehicles on the nation’s roads. Republican John Thune of South Dakota, the chairman of the Senate Commerce, Science and Transportation Committee, and Democrat Gary Peters of ...
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14 February
Abu Dhabi panel inspects Al Ain housing projects
ABU DHABI / WAM A delegation from the Infrastructure and Environment Committee and the Social Development Committee inspected workflow at a number of ongoing housing projects in the city of Al Ain, including the Jebel Hafeet and Ain Al Fayada residential projects. The delegation was headed by Falah Mohamed Al Ahbabi, Chairman of the Infrastructure and Environment Committee, and ...
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