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  Last week’s bankruptcy of Westinghouse Electric Co. is yet more evidence, if anyone needed any, that the economics of nuclear power are not good. Like coal, nuclear energy can’t compete against cheap natural gas and ever-cheaper renewables. Unlike coal, however, nuclear energy is a crucial tool in the fight against climate change. So the public subsidies that benefit the ...

  The dust-up over Gibraltar is a prelude to how bumpy the road to Brexit deal would be. The rocky 2.6 square mile enclave has been a British territory for the last three centuries. But Spain has long sought to regain control of Gibraltar, an area of 32,000 people on the southern tip of the Iberian Peninsula. Now Gibraltar, which ...

  US President Donald Trump has warned that discussions with his Chinese counterpart Xi Jinping in Florida this week will be “very difficult”, in large part because of disagreements over trade. But before Trump can shrink America’s lopsided trade deficits—with China or anyone else—he must first recognize what’s driving them. Unlike in the past, most deficits today have little to ...

  Iceland has provided a fascinating case study for economists. Now that it has impressively battled to restore economic and financial well-being, Finance Minister Benedikt Johannesson appears to be toying with a new experiment for the krona, the country’s currency. His thinking is being driven by the recent volatility of the exchange rate. But it also is informed by a ...

  Last week, Apple launched RED, a special-edition iPhone. An undisclosed portion of sales of the phone will support The Global Fund to Fight AIDS. But the product is strangely missing from the Chinese version of Apple’s website, which promotes a red phone but has no mention of the disease. Apple didn’t respond to my question about why that’s the ...

  Bloomberg The US administration began to deliver on President Donald Trump’s campaign promise to crack down on a work visa program that channels thousands of skilled overseas workers to companies across the technology industry. Fed up with a program it says favours foreign workers at the expense of Americans, the Trump administration rolled out a trio of policy shifts. ...

  Bloomberg Rakuten Inc. is betting on a future without apps. The e-commerce company unveiled Rakuten Games on Tuesday, seeking to deliver titles that don’t have to be installed on phones or personal computers. The games can be played on web browsers or within other apps, making it easier for users to play with each other without having to wait ...

  Bloomberg Virtual reality is catching on in China. Just ask Zhang Yimou, the man who choreographed the opening ceremony of the 2008 Beijing Olympics. SoReal, a startup co-founded by the famed director of “House of Flying Daggers” and “The Great Wall,” is preparing to open this year what it bills to be the world’s first virtual-reality park. “As a ...

  Bloomberg The rally in technology stocks may have more room to run after the industry overthrew financials as the main driver of emerging market shares last quarter. Firms from South Korean phone makers to China’s biggest internet company helped drive a 17 percent surge in technology shares in the MSCI Emerging Markets Index in the first quarter, the best ...

  ABU DHABI / WAM UAE stock markets rose on Monday, led by a higher real estate sector, amidst high sentiments among companies and individuals alike. The Abu Dhabi Securities Exchange (ADX) rose for the second straight session supported by a hike in a number of real estate shares and Etisalat’s share which rose to AED17.95, thus edging towards the ...