Economics And Business
This section covers news on the U.S. economy, the nation’s debt, changes in policies affecting interest rates, inflation, and unemployment rates. Updates on U.S. foreign trade, international trade, transnational trade deals, and ratification of economic treaties and sanctions will be further addressed. Additionally, news and data on world financial markets and leading banking institutions will be discussed. Our writers Angie Lin, Shraman Sen, and Audrey Ren produce weekly. Our section editor is Emma Zhang.
This past Wednesday Apple held its annual product showcase at the Steve Jobs Theater in Cupertino, CA. New products discussed at the showcase included three new iPhones - the iPhone XR, the iPhone XS, and the iPhone XS Max - as well as an updated version of the Apple Watch, the Apple Watch Series 4.
Once spreading across the globe with command-and-conquer rapaciousness, Uber, in recent years, is on the journey of executing broad retrenchment in Asia’s major ride-hailing markets. After being bailed out in Russia in 2017 and selling off its operations in China in 2016, the ride-hailing startup announced that it has sold its business in eight countries across Southeast Asia to Grab, a rival based in Singapore.
In just two years, Noticias Aguila (News Eagle) has accumulated over 20 million users and in 2017 rose to the top of Google Play’s Mexico store. The founder, Tang Xin, simply watched the success from afar with his development team based in Shenzen, China.
Whether the eggs handed out this past Easter Sunday were tri-coloured, deviled, hard-boiled or plastic, they signified the big bucks paid each year to maintain the tradition of backyard Easter egg hunts.
As technology becomes increasingly used in every aspect of our world today, fashion brands are moving to join the trend as well. Most clothing retail stores have websites that customers can order new items from to be delivered or to be picked up in store. However, Zara is taking it one step further by utilizing robots in its stores to speed up the process of customers collecting orders. A third of Zara’s global online sales are now being collected in person; however, queues build up quickly in some cities due to the wait time needed for store attendants to find and hand out packages to everyone. That’s why earlier this year, Zara announced its plan to introduce robots into stores to help customers retrieve their online orders.
The Indian classical system of music shares many similarities with its Middle Eastern counterpart, and maritime trade also prospered between the two regions as Arabic sailors frequently transported goods from the Middle East to India in exchange for spices and other trademark Indian commodities.
As online media becomes more and more prominent, and traditional television spirals downward, news networks are beginning to follow the trend in hopes of reaching more people through the Internet. By the end of the year, Fox News is expected to launch its online streaming service, Fox Nation.
Indian lenders have been grappling with rising bad loans and insufficient capital for years. However, after the 1.3 trillion bailout from the government and the introduction of a new bankruptcy law that protects them from recalcitrant borrowers, Indian bankers had begun to feel an unfamiliar sensation: optimism.
Implementation of the Russian Direct Investment Fund in Saudi Arabia is on its way to greatly improving the two nations’ bilateral relations.
“There will always be soda, but I think the era of it being acceptable for kids to drink soda all day long is passing, slowly,” said Marion Nestle, a professor of nutrition at New York University.
Though President Trump has always maintained an “America First” policy, many economists have questioned its validity, especially when it was announced that the President harbored plans to abandon trade relations with significant economic powers, in particular China.
Despite its dismissal by leading authorities across the world, cryptocurrency is now being described by many as “unstoppable” and “incredible hulk.”
Experts predict that President Trump’s new tax initiatives may prompt American companies to open more production sites on foreign soil in pursuit of higher profits.
Walmart and Amazon have had their sights on each other for years, each aiming to replace the other to become the dominant seller of goods. With Amazon buying the high-end grocery chain Whole Foods last year, the cold war between America's two largest retailer giants just turned hot.
The World Economic Forum, taken place in Davos-Klosters from January 23-26 2018, brought together the world’s leading personalities in a greater endeavor to acknowledge the work that has already been done and to address the issues which still linger.
It is hard to believe that major democracies such as the US and the UK can claim only minimal female participation in the field of economics.
This week, Singapore launched its first large-scale electric car-sharing program through which the land-scarce country hopes to provide its commuters with more transport options to reduce the number of vehicles on roads.
For decades, the Hollywood movie industry has been dominated by six major studios. Now, however, it seems that these six will likely shrink to five. A deal is being discussed in which Walt Disney Co. will buy most of the assets of 21st Century Fox Inc., acquiring the Twentieth Century Fox film studio and reducing the number of studios currently putting out the most popular movies.
With a steady and considerable increase in disposable income over the past decade, improvement in the lifestyles of individuals drives the demand and growth of the beauty industry on a global level.
In an age of an integrated economy, a new measure has been made in order to further bridge the gap of global markets. This time such measures were pursued by Japan and the European Union, further accentuating the necessity of free trade and an integrated economy.
Last week, co-anchor of the “Today” show Matt Lauer was fired from NBC News after a colleague complained about his inappropriate sexual conduct. Chairman Andy Lack said that this complaint clearly violated NBC News’ standards, and the company is looking into Mr. Lauer’s behavior as well as whether there were any other misconducts that had gone unnoticed.
Russia has recently undergone a series of economic enhancements, which will , if anything, bolster Putin’s campaign.
While flying cars are still an unforeseeable aspect of our tech-based future, driverless cars could be on the road in as little as two years’ time. On Monday, Volvo Cars and Uber Technologies Inc. struck a deal in which Volvo would supply Uber with as many as 24,000 self-driving Volvo XC90 SUVs between 2019 and 2021. This agreement is said to be worth $1.4 billion and would account for 4.5 percent of Volvo’s current total sales.
Despite the administration’s push of a hard-edge view on foreign economic issues, President Trump struck a different tone in China with Chinese President Xi Jinping to improve U.S.-China relations.
In a society that is becoming more and more ‘on-the-go,’ many people no longer want to take the time to wait in line for hot coffee. Factor in the expensive cost of a specialty drink, and you’re left with a slow-growing coffee industry.
Although a majority of the restaurant industry’s annual sales of $500 billion still comes from dine-in customers, the delivery market, especially virtual restaurants are about to "[take] America by storm."
Many Americans are familiar with Amazon, but a company headquartered on the other side of the globe has been shining in the limelight. China has experienced massive economic growth in the past few years and the country is also witnessing a new generation inclined to internet shopping. As a result, Alibaba, one of China’s primary e-commerce companies, has been benefiting from China’s e-commerce boom.
Sprint has dropped its merger talks with other U.S. mobile carrier, T-mobile over fears of T-mobile having too much control after the merger.
Competition is proliferating. As the years progress, more and more students are eager to successfully complete their bachelor’s degree. Consequently, the job market is altering as well. The Bureau of Labor Statistics gave us glimpses of the details.