Author Archives
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Weak Safeguards Shown by Samsung Note 7 Battery Fires, says U.S.
A U.S. consumer-safety regulator has concluded that the electronics industry’s voluntary standards for the design and manufacture of rechargeable batteries aren’t adequate has been revealed by defects that caused Samsung Electronics Co.’s Note 7 phones to burst into flames last… Read More ›
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As Lawmakers Challenge Her Power, U.K.’s May Faces Brexit Revolt
U.K. Prime Minister Theresa May’s talks over leaving the European Union is getting complicated as she is battling a rebellion from her own lawmakers. Demanding that May publishes an official government document detailing her negotiating goals, at least six Conservative… Read More ›
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To Reduce Cyber Risks, EU Mulls Banking Stress Tests as Attacks Grow
As concerns grow about the industry’s vulnerability to hacking, European Union officials and sources said that the bock is considering testing banks’ defenses against cyber attacks. With criminals finding new ways to target banks beyond trying to illicitly obtain details… Read More ›
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In Spite of Trump’s TPP, Nafta Moves, Optimism Emerges in Canada
Signs of optimism emerged from Justin Trudeau’s government that it can escape the upheaval relatively unscathed on a day when Donald Trump backed out of one trade deal that included Canada and pledged to reopen a second. With Trump atop the… Read More ›
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Threat of U.S. Cutting Oil Imports Shrugged Off by OPEC
Claiming that the world’s biggest economy would continue to need crude from abroad, OPEC’s two biggest suppliers to the U.S. shrugged off a vow by President Donald Trump to end dependence on the group’s oil. While the Venezuelan Energy and… Read More ›
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Banks Moving Currency Overseas Clamped Down Upon by China
As they attack one of the few loopholes remaining in the country’s strict new capital controls regime, Chinese regulators are stamping out moves by banks to shift renminbi out of the country. The efforts of internationalising its currency — a… Read More ›
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ECB Tells Critics to ‘Be Patient’, Maintains Stimulus
The president of the European Central Bank Mario Draghi, told critics of his stimulus path to be patient and wait for the euro zone’s recovery to take firm hold as the bank kept its super-easy monetary policy unchanged as expected…. Read More ›
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IMF’s Christine Lagarde Tells Davos 2017 – Middle Classes in Crisis
As the head of the International Monetary Fund, Christine Lagarde, warned that inequality, distrust and a lack of hope were fuelling growing populism, she has called for urgent action to tackle a middle-class crisis. She had been ignored when she had… Read More ›
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Deal for First ‘Floating City’ Signed by French Polynesia
With the hope that the move would pave the way for autonomous floating cities around the world, Bottom of Form French Polynesia has signed an agreement for creating floating city on the sea. California’s Seasteading Institute is the executing agency… Read More ›
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VR Allegations Dismissed by Mark Zukerberg
Seemingly apparently unfazed by accusations his company stole innovative virtual reality technology, Facebook founder Mark Zuckerberg appeared in court – all suited and booted. Apart from confirming that Facebook’s deal to buy VR company Oculus was even more expensive than… Read More ›
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