November, 2016

• 17 November

  Japan’s hidden potential that can boost economy

  

    Bloomberg Japan’s population is declining, deflation has returned, and the nation’s economy is still stuck in cycle of weak, stop-start growth. And yet, there are a number of hidden and underutilized resources that Japan could tap to try and escape this economic malaise. The Organisation for Economic Co-operation and Development notes that while demographics are against it, Japan still ...

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• 17 November

  Rolls-Royce to close ship-engine sites as CEO deepens cost cuts

  

    Bloomberg Rolls-Royce Holdings Plc will close the bulk of sites at its marine-engine and ship-design unit and shift some production to emerging economies as the lower price of crude hurts demand for oil-industry exploration and service vessels. The offshore market is showing no sign of recovery, with the outlook bleaker as the backlog shrinks, Rolls, which is better known ...

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• 17 November

  US wage growth galloping faster in nearly eight years

    Bloomberg Wage growth is on fire. The Atlanta Fed’s Wage Growth Tracker indicates that the median US worker saw pay rise by 3.9 percent year-over-year in October, the fastest rate of growth since November 2008. This number comes on the heels of October’s non-farm payrolls report, which showed average hourly earnings increasing at the fastest annual clip of this ...

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• 17 November

  ‘UK Silicon Valley needs better rail, more homes’

    Bloomberg The UK’s National Infrastructure Commission called on the government to press ahead with the reinstatement of a rail line between the university cities of Oxford and Cambridge and for the building of tens of thousands of new homes along the route to maximize its economic potential. “The corridor connecting Cambridge, Milton Keynes and Oxford could be Britain’s Silicon ...

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• 17 November

  Uber close to settling drivers’ suit with billions at stake

  

    Bloomberg Uber Technologies Inc. is trying to finalize a settlement with California drivers to resolve potentially billions of dollars in claims stemming from the company’s refusal to give them the protections and benefits of employees. The case centers on allegations that the company failed to pay minimum wage and overtime to hundreds of thousands of drivers. Lawyers didn’t disclose ...

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• 17 November

  VW loses European market share as scandal effect lingers

  

    Bloomberg Volkswagen AG lost market share in Europe for the 14th straight month since the emissions- cheating scandal erupted in September 2015, as competitors took advantage of the German automaker’s tarnished image to attract buyers. Volkswagen accounted for 24.9 percent of the region’s car sales in October, compared with 25.3 percent a year earlier, the Brussels-based European Automobile Manufacturers’ ...

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• 17 November

  ‘US-Canada free trade will continue’

    Montreal / AFP Canada expects to keep its 1989 bilateral free trade agreement with the United States if US President-elect Donald Trump withdraws from NAFTA, the Canadian ambassador to the US said. The Canada-US Free Trade Agreement was superseded in 1994 by the implementation of the North American Free Trade Agreement, which added Mexico to the pact. “Presumably… if ...

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• 17 November

  Island near France offers post-Brexit migration ideas

    Bloomberg For clues on how U.K. immigration policy might work after Brexit, try looking at a small island just off the northern coast of France. The U.K. government has studied how the British isle of Jersey —whose legislature and judiciary are still independent from the mainland — controls migration, according to local officials who met with Prime Minister Theresa ...

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• 17 November

  Suppliers not ready for OLED screens in iPhones

  

    Bloomberg Apple Inc. has big plans to outfit its next iPhone with vibrant, energy-sipping organic LED displays, seeking to entice consumers with new technology that’s already been embraced by other high-end smartphone makers. The trouble is that the four main suppliers for such components won’t have enough production capacity to make screens for all new iPhones next year, with ...

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• 17 November

  Daydream controller: The highlight of Google’s VR headset

  

    ANICK JESDANUN / AP The best thing about Google’s new virtual-reality headset isn’t the headset at all. In fact, Daydream View would pale compared with Samsung’s Gear VR headset were it not for Daydream’s controller, a handheld device that responds to gestures and other motion. With Gear VR, I have to move my head to point a cursor at ...

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