January, 2017

• 14 January

  China exports shrink as Trump trade tensions loom

  

    HONG KONG / AP China’s exports fell back into contraction last month, signaling renewed weakness for the world’s second biggest economy as it faces possible trade tensions under Donald Trump’s presidency. Customs data showed that exports shrank 6.1 percent to $209.4 billion in December compared with the year-ago period. The latest numbers mark a return to a long term ...

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• 14 January

  Japan steps up drive to rethink long work hour culture

  

    Bloomberg Japan is stepping up its drive to pressure companies into abandoning a culture of long working hours. Prosecutors this week began reviewing whether Mitsubishi Electric Corp. forces its employees to work excessive hours — a move that follows an investigation of Dentsu Inc., Japan’s biggest advertisement agency, where a female worker who put in more than 100 hours ...

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• 14 January

  Fiat Chrysler Automobiles to face US emissions probe

  

    Bloomberg Fiat Chrysler Automobiles NV is under investigation by the US Justice Department over its alleged failure to disclose software that violated emissions standards, according to people familiar with the matter, another legal hurdle for a company already under criminal scrutiny for its sales practices. The possibility of a criminal action over diesel emissions violations comes after the Environmental ...

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• 14 January

  Demographic headwinds restrain USA economy

  

    Bloomberg All eyes are on President-elect Donald Trump’s imminent arrival at the White House, and whether his administration follows thro- ugh on an agenda that — when it comes to the economy — features a growth target almost double that of recent years. Outside the headlines, however, are demographic pressures reaching levels not seen since the Great Depression. That ...

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• 14 January

  Amgen fight over biotech drugs gets HC review

    Bloomberg The US Supreme Court agreed to hear a dispute that could help clarify the steps needed to get low-cost alternatives to pricey biotechnology drugs on the market. It will be the first time the high court has agreed to interpret a 2010 provision of Obamacare that enabled the US Food and Drug Administration to approve biosimilars, which are ...

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• 14 January

  Italy output increases, triggers for stronger economic rebound

    Bloomberg Italian industrial output increased more than estimated in November, signaling a possible acceleration in economic activity. Production rose 0.7 percent from October when it increased a revised 0.1 percent on a monthly basis, statistics agency Istat said in Rome. The median estimate in a Bloomberg survey of 20 analysts called for a 0.2 percent gain. On an annual, ...

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• 14 January

  Brooklyn home sales soar as buyers flee Manhattan price hype

  

    Bloomberg Home buyers in Brooklyn competed for a record-low number of listings in the fourth quarter, driving up prices in the New York borough that’s historically been seen as a refuge from Manhattan’s high costs. Purchases in Brooklyn rose 22 percent from a year earlier to 2,582, while the median price of those deals climbed 15 percent to a ...

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• 14 January

  Wobbly start for Nintendo’s new Switch gaming console

  

    Bloomberg Nintendo Co.’s new Switch gaming console is off to an underwhelming start. The new machine, a tablet-sized device with wireless controllers that can be used anywhere but also connects to TVs, will go on sale March 3 at a price of $300, with a brand-new Zelda game as its launch title. None of that, however, was enough to ...

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• 14 January

  Improper disposal of used phones vulnerable to cyber data theft

  

    Emirates Business The Middle East is one of the leading markets for smartphones and countries such as the UAE and Saudi Arabia boast over 90% smartphone penetration – among the highest in the world. Smartphone manufacturers are well aware of this and top brands such as Apple and Samsung now have just one year upgrade cycles on their flagship ...

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• 14 January

  Android creator plans AI-equipped phones

  

    Bloomberg Just over two years after leaving Google, Andy Rubin is preparing to take on the smartphone industry he helped create. Rubin, creator of the Android operating system, is planning to marry his background in software with artificial intelligence in a risky business: consumer hardware. Armed with about a 40-person team, filled with recruits from Apple Inc. and Alphabet ...

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