Even though analysts expect slower growth over the rest of the year as policymakers seek to reduce financial risk, as industrial output and consumption picked up and investment remained strong, China’s economy grew faster than expected in the second quarter. The National Bureau of Statistics said on Monday that noting the same rate as the…
The German government has raised the bar on criteria for overseas acquirers seeking to snap up domestic targets in tech-heavy industries, and analysts believe that Germany has essentially reacted to last year’s foreign deal-making frenzy. In case a deal is perceived to threaten public order or national security, the German government is allowed to block…
Credit Suisse has said that as it turned more optimistic on the region’s banking sector, and in a shift that bodes well for Southeast Asian countries, domestic demand, instead of exports, will drive economic growth in the second half of 2017. Demand from other major economies is unlikely to fill that gap that has been created by the…
Sitting in for the president when he stepped away for one-on-one meetings with world leaders, Donald Trump’s daughter, Ivanka, took his seat at a Group of 20 meeting table in Hamburg. Seated between Chinese President Xi Jinping and British Prime Minister Theresa May, is Ivanka Trump sitting at her father’s place, shows a photo on…
A better picture of U.S. President Donald Trump’s direction on key policies that he has yet to spell out is hoped to be obtained by Europe, Japan and Canada in a G7 meeting in Italy this week. Inequality, international tax rules, cyber security and blocking the funding of terrorism would be the focus of the…
High-profile physicist Stephen Hawking has warned that humans need to colonize another planet within 100 years or face the threat of extinction. A press release from earlier this week said that the professor will “present his predictions that the human race only has 100 years before we need to colonize another planet” in a new…
A flood of new international content entering their feeds would soon benefit Chinese social media users. In order to bring selected content, primarily from the United States and Russia, into the Chinese market, there has recently been a number of tie-ups between local social media platforms and digital content distributor network Yoola. These agreements would…
The results of a study done by PricewaterhouseCoopers is an eye opener. No wonder BlackRock’s Larry Fink is focused on emerging financial technologies. As per the results of a new study done by PricewaterhouseCoopers, large financial institutions across the world could lose 24% of their total revenues to advances made by financial technology companies in…
With the aim of taking a more active role in policing illegal hate speech on their sites, Germany is considering new laws that would force social media platforms such as Facebook and search engines such as Google. Hiring of legally qualified ombudsmen to carry out deletions, forcing companies to set up clear channels for registering complaints and…
Renewing concerns about the security of consumer electronics and embarrassing yet another U.S. intelligence agency, anti-secrecy group WikiLeaks published what it said were thousands of pages of internal CIA discussions about hacking techniques used over several years. In order to capture text and voice messages before they were encrypted with sophisticated software, CIA hackers could…
