Bloomberg After a 3,985 percent rally since its 2008 listing, V-Guard Industries Ltd. that has evolved into one of India’s leading consumer-durable companies has found its next big growth plan: Internet of Things (IOT). The company, which started 40 years ago with a mere 100,000 rupees, now has products ranging from food mixers to fans and is betting that rising ...
Read More »Taliban bomb in Kabul kills 95 in worst attack since May 2017
Bloomberg A Taliban suicide bomber detonated explosives in downtown Kabul on Saturday, killing at least 95 people and wounding 158 others in the worst attack since a truck bombing near the Afghan capital’s diplomatic zone last year. The bomber used an explosive-laden ambulance and reached the gate of the former Interior Ministry building, Nasrat Rahimi, a deputy spokesman for the ...
Read More »US to seek to boost case against Iran during UN Washington visit
UNITED NATIONS / Reuters The United States will seek to boost its case for United Nations action against Iran when Security Council envoys visit Washington on Monday to view pieces of weapons that US Ambassador Nikki Haley says Tehran gave to Yemen’s Houthi group. Haley and her 14 council colleagues will also lunch with President Donald Trump, the US Mission ...
Read More »May rejects Hammond’s modest Brexit
Bloomberg ÂPrime Minister Theresa May’s office slapped down Philip Hammond for saying he hoped Brexit would bring only modest changes, after his comments enraged the euroskeptic lawmakers May needs to stay in her job. The chancellor of the exchequer said he wanted an ambitious Brexit deal that replicates Britain’s current easy trade terms with the EU and moves the economy ...
Read More »Germany’s Merkel steps up tempo of talks to renew alliance with SPD
Bloomberg Chancellor Angela Merkel and her prospective coalition partners stepped up the pace of talks to end Germany’s political impasse, setting a nine-day timeline for a final deal on a government platform. Merkel’s Christian Democratic-led bloc and the Social Democratic Party agreed on Friday to try to wrap up negotiations by February 4. If that goal is met, the SPD ...
Read More »Syrian opp to boycott Russia peace talks
VIENNA / Reuters The Syrian opposition will not attend a peace conference Russia is hosting next week, a spokesman said on Saturday, dismissing the meeting as an attempt by the Syrian government’s close ally to “sideline†the current United Nations peace process. He was speaking at the end of two days of UN-brokered talks between the Syrian government and opposition, ...
Read More »Kenyan opposition says it has evidence Odinga won election
Bloomberg Kenya’s opposition National Super Alliance said it has evidence that former Prime Minister Raila Odinga won the nation’s Aug. 8 presidential election. The alliance has a document containing “authentic, unpolluted, unadulterated†data that shows Odinga and his running mate, Kalonzo Musyoka, were the legitimate winners of the vote, Nasa Senator James Orengo told reporters Friday in the capital, Nairobi. ...
Read More »Are we really hostage to the stock market?
The stock market is going gangbusters —but whether this reflects the economy’s underlying strength or runaway speculation is a question that stumps many experts. Hence, the need for this column: a primer on the red-hot stock market. Will it sustain the economy or ultimately kill it? The boom is undeniable. In 12 out of the first 15 trading days of ...
Read More »The world economy’s so rosy, let’s talk about recession
Although the world economy is in its eighth year of expansion, a casual observer might be forgiven for thinking things have just got going. Don’t worry; they will keep going for a while, according to the International Monetary Fund, which released an update to its World Economic Outlook this week. Thank the existing growth momentum and, yes, the often-maligned tax ...
Read More »Chipmakers need to start serving their robot overlords
It’s starting to look like smartphones are no longer the ever-reliable driver of global semiconductor demand. For the past decade, it was those touch-screen, internet-connected, selfie-taking devices that propped up the industry as the appetite for computers declined. STMicroelectronics NV on Thursday added to the chatter when it pointed to “unfavorable seasonal dynamics for smartphone applications” in forecasting a dip ...
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