VW teams up with JAC to make electric cars

Visitors watch cars on display at a booth of JAC Motors in Shanghai, April 20, 2017. [Photo/VCG] HEFEI – A joint venture between Volkswagen China and Anhui Jianghuai Automobile (JAC Motors) to make electric cars has been approved by Chinese authorities. JAC Motors said Monday that the venture, with a total investment of 5 billion yuan… Read more

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Lead the Way in Responsible Business

The submission deadline for the 8 th Annual Responsible Business Awards is drawing ever closer and we’re still on the hunt for the ground-breaking initiatives that have brought CSR to the fore over the past year. This is your chance to be recognised, and what’s more, recognise colleagues, teams and partners who have worked tirelessly to… Read more

China-Russia joint venture to develop wide-body commercial jet

Top management of Commercial Aircraft Corp of China and Russia’s United Aircraft Corp unveils the nameplate of their new joint venture named China-Russia Commercial Aircraft International Co Ltd in Shanghai on May 22, 2017. [Photo provided to chinadaily.com.cn] A new joint venture involving Commercial Aircraft Corp of China (COMAC) and Russia’s United Aircraft Corp (UAC) was… Read more

What To Invest Your Money In And 4 Other Pieces Of Financial Advice

Q&A site Quora. Photo: Quora This question originally appeared on Quora. Answer by Tom Brown. Remember one fact that “The more you risk the more you can earn”. And one more advice for you, you should try to avoid the great mistakes (how to avoid them I will write below). You know, everyone can make a… Read more

Mega Oil Pipeline Projects to Spur Economic Growth

Mega Oil Pipeline Projects to Spur Economic Growth THE government, yesterday, announced plans to set up three mega oil-pipelines connecting the seaports of Tanga and Dar es Salaam to upcountry regions and neighbouring countries partly to reduce fuel prices and spur economic growth. The announcement was made here by Energy and Minerals Minister, Prof Sospeter […]

Jerry Seinfeld is selling one of his beloved cars – here’s how much it would cost you

Jerry Seinfeld’s love of cars is legendary. In fact, the comedian’s popular online show, “Comedians in Cars Getting Coffee,” is a wonderful mix of his every-guy sense of humor and cars that will make any motor enthusiast giddy. If you’re lucky (and extremely wealthy), you might even be able to get your hands on one of… Read more

Samsung Employees Nationwide Swap the Office for Day of Service

Samsung Electronics America, Inc. today will host its bi-annual, companywide Day of Service throughout their national locations in New Jersey, New York, Texas, California and Washington, D.C. and regional offices. The event, which occurs each spring and fall, is part of the company’s overarching Samsung Gives initiative, a platform that creates service opportunities for Samsung employees… Read more

Trump-mageddon: Should investors stay or should they go?

WASHINGTON, May 19, 2017 – It began with a big bounce after a poor opening bell on the morning of November 9, 2016. The Great Trump Stock Market Rally continued almost unabated until it began to show signs of faltering in February, 2017. Things got dicier in March and April, as stocks bobbed to and fro,… Read more

These Women Are Making Blockchain More Inclusive

Many tech experts believe we are living during the dawn of a new era, a blockchain revolution. “It’s the wild west out there,” venture capitalist Tracy Chadwell told International Business Times at the Ethereal Summit in New York on Friday, where around 458 tech professionals gathered to talk about how to shape the future. Most people… Read more

Trump resignation could mean a 1,000-point spike in Dow Jones average, analyst claims

In a CNBC interview Wednesday, stock market analyst Jeremy Siegel predicted the Dow Jones Industrial Average would skyrocket in the event that Donald Trump were to resign the presidency. “If Donald Trump resigned tomorrow, I think the Dow would go up 1,000 points,” said Mr. Siegel, a professor at Mr. Trump’s alma mater, the University of… Read more

Federal judge likely to approve class-action settlement against Wells Fargo with changes

A U.S. district judge on Thursday suggested he will sign off on a $142 million deal that would settle class-action lawsuits against Wells Fargo & Co. over unauthorized accounts, as long as the agreement is amended. Those changes could include sending settlement notices to more customers, allowing customers suing the bank over other matters to continue… Read more

Caterpillar Focuses on Restoring World’s Natural Infrastructure

According to the UN estimates, 25 percent of the world’s land is highly degraded by now, and over 50 percent of all wetlands have been lost. However, it is possible to reverse this damage by reclaiming mines, re-building beaches, restoring rivers and re-planting forests. Soil restoration alone can help to eliminate 3.5 to 11 billion tons… Read more

Chile’s Biggest Stock Exchange Adopts IBM Blockchain Tech

International Business Machines announced Wednesday it is partnering with the Santiago Stock Exchange, Chile’s largest stock exchange, to implement Latin America’s first blockchain stock exchange solution. “In our understanding, t will be the first to implement securities lending blockchain technology anywhere in the world,” IBM Chile General Manager Francisco Thiermann told International Business Times. Thiermann said… Read more

The Oil Company That Owns Colorado

Days after a gas line linked to an Anadarko Petroleum well ignited a deadly home blast in Colorado, the company’s chief executive said the “terrible tragedy has left all of us with heavy hearts.” But even as investigators were picking through the wreckage, the company moved to fight a new bill that would have forced it… Read more

Ford to cut 1,400 salaried jobs in North America, Asia

DETROIT — Ford told its employees Wednesday morning that it plans to cut 10 percent of its salaried workforce worldwide, or about 1,400 employees as the automaker wrangles with falling profits and pressure to boost its stock price amid slowing U.S. industry sales. Most of the job cuts will occur in North America and Asia with… Read more

Why Millions Of American Households Have a Negative Net Worth

This article originally appeared on the Motley Fool. It’s a well-known fact that most Americans aren’t in great financial shape. An estimated 69% of U.S. adults have less than $1,000 in savings, while 34% have no savings at all. And the Economic Policy Institute reports that almost half of Americans have nothing to show for in… Read more

How Does Warren Buffett’s Berkshire Hathaway Make Money?

How Does Warren Buffett’s Berkshire Hathaway Make Money? This article originally appeared on the Motley Fool. Warren Buffett’s Berkshire Hathaway (NYSE:BRK-A) (NYSE:BRK-B) is a truly massive operation with a $400 billion market cap. At its core, Berkshire Hathaway is an insurer that throws off a lot of cash. And while we’re big fans of the […]

Mnuchin Says G-7 Nations More Comfortable With New US Economic Approach

Mnuchin Says G-7 Nations More Comfortable With New US Economic Approach U.S. Treasury Secretary Steven Mnuchin said Saturday after meeting with officials from the world’s other industrialized democracies that he thought they were more at ease with Donald Trump’s economic policies. “People are more comfortable today, now that they’ve had the opportunity to spend time […]

A photo of a veteran without a coffin has sparked outrage — his son’s explanation makes it look even worse

People on social media are outraged over a photo showing a Ringgold, Ga., veteran’s body on display for visitation without a coffin, which his son says was due to a dispute over money with the funeral home. RELATED: A veteran almost took matters into his own hands after he was denied financial assistance from the VA… Read more

Apply Pay Is Ready To Conquer The Fashion World

Apple Pay may become a major player in the fashion industry, because mobile payment apps are redefining the ways people go shopping. According to a 2016 survey by the Pew Research Center, 15 percent of Americans buy something online every week. As retailers look to personalize in-person shopping experiences through high-tech interaction, payment apps gain even… Read more

Wells Fargo may have created 1.4 million more unauthorized accounts than estimated, attorneys say

Wells Fargo & Co. may have opened as many as 3.5 million unauthorized checking, savings and credit card accounts over the past 15 years, far more than the bank and federal regulators reported last year, according to a new court filing. For months, the number of potentially unauthorized accounts that bank employee credit card applications may… Read more

Trump Appointee Could Open Federal Land To Oil And Gas Companies

President Donald Trump is appointing an oil and gas industry lobbyist to help run the Interior Department — just as the agency is facing criticism from a federal watchdog over the ways it helps fossil fuel firms evade environmental rules. Late last month, Trump nominated lawyer David Bernhardt to serve as Deputy Interior Secretary. Bernhardt would… Read more

China May Be Ditching Paper Money

Bitcoin is booming in Asian markets and mobile transactions are increasingly popular in industries where cash used to be king, like shopping abroad. The Chinese mobile payment platform Alipay announced this week its tap-and-go system soon will be compatible for shopping at more than 4 million American stores, strategically marketing to Chinese students and tourists in… Read more

Cryptocurrencies Gaining Favor In Australia, Japan

Another day, another all-time high for the price of Bitcoin, the cryptocurrency which is the new darling of currency investors who seemingly can’t get enough of it. In the early hours of Thursday, the most popular among the hundreds of digital currencies was trading at over $1,800. Other than speculation, there could be some fundamental reasons… Read more

Chinese college students: Should graduates launch startups?

Summer is the season for entrepreneurship, as millions of recent graduates hit the job market. A recent report on entrepreneurship among Chinese college students released by China’s Renmin University reveals the trend. Nearly 90 percent of the 430,000 students from 1,767 universities in 31 provinces surveyed say they’ve considered starting a business. More than 70 percent… Read more

Shanghai Disney to welcome 10m visitor

Mickey Mouse and other Disney characters entertain visitors at Shanghai Disney Resort.[Photo by Yin Liqin/For China Daily] Shanghai Disney Resort said it is ready to welcome its 10 millionth visitor, as the resort approaches its first anniversary on June 16. “In the next few days, Shanghai Disney Resort will welcome its 10 millionth guest,” said Robert… Read more

3 Key Facts About ‘Generation Price Shop’

Although the Millennium Bug (Y2K for the conspiracy fans) never amounted to much when it came to destroying financial systems, the same cannot be said for millennials. Ok, “destroying” is perhaps a bit strong, but “shaking to their very core” is probably accurate. Young Americans have really done a number on the finance industry. Not because… Read more

New Business and Investment Trends Promise Healthy Disruption

In recent years, there has been a sharp rise in the number of disruptive businesses that connect supply and demand on a digital platform. Going beyond digital, another strong trend is artificial intelligence, which promises to be a major disrupter of the future. According to Steef Bergakker, trend analyst at Robeco, new companies with innovative products… Read more

Trump’s America is showing the telltale signs of a failing state

We have the tin-pot leader whose vanity knows no bounds. We have the rapacious family feathering their nests without regard for the law or common decency. We have utter disregard for values at home and abroad, the disdain for democracy, the hunger for constraining a free press, the admiration for thugs and strongmen worldwide. We have… Read more

Anonymous: “Prepare” for World War Three over Korea

As former allied nations around the world celebrate the 1945 defeat of Nazi Germany in World War Two, online activist group Anonymous has released a new video warning that global powers are poising for another global conflict–and that the cost would be even higher than that of the last. The group posted a video Saturday entitled… Read more

Illegal immigration across southwest border down 70 percent under Trump

Free Other Options To republish, copy/paste this to your site (ads inserted): Illegal immigration across southwest border down 70 percent under Trump Illegal immigration across the southwest border dropped yet again in April, with the number of illegal immigrant children fallen below 1,000 for the first time in recent records, Homeland Security announced Tuesday. The […]

Internet-based economy boosts China’s GDP, creates jobs

Internet-based economy boosts China’s GDP, creates jobs People pass by the entrance of Wuzhen internet-enabled hospital in Jiaxing, Zhejiang province. LONG WEI / FOR CHINA DAILY Internet-enabled digital economy accounted for 30.6 percent of China’s GDP in 2016, according to the China Internet Plus and Digital Economy Index published in April. The segment has created […]

Spotify, European CEOs: Apple, Google Are Anti-Competitive

Spotify, European CEOs: Apple, Google Are Anti-Competitive Google and Apple are among the biggest players in the smartphone market. But in a letter to the European Union, chief executives from European companies including Spotify, Deezer and Rocket Internet said the mobile giants are abusing their size within the market, Business Insider reported. While Google and […]

The Future Of Warren Buffett’s Berkshire Hathaway In 5 Questions And Facts

This article originally appeared on the Motley Fool. Warren Buffett and Charlie Munger fielded several hours of questions from Berkshire Hathaway’s (NYSE:BRK-A) (NYSE:BRK-B) shareholders at the company’s annual meeting. As always, the topics were as varied as the answers were colorful. Here are five highlights investors should know. 1. How will Berkshire spend its $96.5 billion… Read more

People don’t trust scientific research when companies are involved

By John Besley, Associate Professor of Advertising and Public Relations, Michigan State University, Aaron M. McCright, Associate Professor of Sociology, Michigan State University, Kevin Elliott, Associate Professor of Fisheries & Wildlife and Philosophy, Michigan State University, Nagwan Zahry, PhD Student in Media and Information Studies, Michigan State University, and Joseph D. Martin, Fellow-in-Residence at the Consortium… Read more

Apple May Spend Cash Pile On Buying Tesla: Report

In its recently released financial results, iPhone maker Apple revealed it is sitting on a massive $250 billion of cash reserves. And while social media was abuzz with what all that amount of money could hypothetically buy or finance, some analysts took a more realistic approach. According to Citibank analyst Jim Suva, the company will likely… Read more

Emmanuel Macron: France’s youngest president

Emmanuel Macron graduated from one of the world’s most prestigous public administration universities. He later worked as an investment banker at Rothschild. Aged 29, he married a French high school teacher twenty-four years his senior. Her eldest daughter had been Macron’s classmate. In 2014, Emmanuel Macron was appointed France’s economy minister under François Hollande. Macron promoted… Read more

12 Quotes To Honor National Nurses Week

May 6 kicks off National Nurses Week, which runs through May 12 annually in recognition of the birthday of the indelible founder of modern nursing, Florence Nightingale. With events, discounts and freebies available to nurses and healthcare providers nationwide, National Nurses Week offers an opportunity for communities to celebrate their local heroes. According to the Bureau… Read more

What Is The Best Way To Think Of A Successful Startup Idea?

Q&A site Quora. Photo: Quora This question originally appeared on Quora. Answer by Yair Weinberger. There is no such thing as “idea” for a start-up, at least not in the sense that most people are thinking about it. At least not in B2B, but I suspect that not in B2C either. What was the “idea” behind… Read more

Elon Musk And The Future Of Tesla, Apple, Model S And Model X In 4 Quotes

This article originally appeared on the Motley Fool. As Tesla (NASDAQ:TSLA) CEO Elon Musk typically does during the company’s quarterly earnings calls, he shared key insighta about the business this week, including some comments on more speculative subjects. Commentary ranged from an update on what level of Model S and Model X sales Musk thinks Tesla… Read more

Entrepreneurs Outside US Can Attract Silicon Valley Backing

The venture fund 500 Startups has been making a splash in Southeast Asia, most recently with Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed. Binh Tran, a venture partner with the firm, sat down with Sophat Soeung of VOA’s Khmer service to talk about how entrepreneurs in developing countries could attract… Read more

Russia Announces Plan To Legalize Cryptocurrency

It looks like Russia will become the next country to legalize the use of cryptocurrencies like bitcoin and ether. Business Insider reported on Thursday that the Russian government drafted a bill to “create the legal framework for trading in bitcoin, dash, ether, and other digital currencies,” just one year after the same institutions warned people who… Read more

Former Wells Fargo workers say they targeted immigrants and Native Americans

LOS ANGELES — The latest allegations of unethical practices at Wells Fargo are so disturbing that even the bank has called them “offensive.” Former bank employees have signed sworn statements saying that they were told to target immigrants in the U.S. illegally, as well as Native Americans and college students as they sought to open sham… Read more

Trump Boom: Unemployment Lowest in 10 Years

The economy gave out a medium-sized roar on Friday, when the federal government announced unemployment dropped to 4.4 percent. The nation also added 211,000 jobs in April. The unemployment rate was 4.5 percent in March. “During the Obama years, growth was an abysmal 1.9 percent, which the Congressional Budget Office now says is the course we… Read more

Wall Street Put Its Money Where Its Mouth Is Ahead Of The CHOICE Act’s Committee Passage

The Financial CHOICE Act, a bill to roll back the finance industry regulations and monitoring implemented by the 2010 Dodd-Frank Act, passed in the House Financial Services Committee Thursday — with significant monetary support from Wall Street. The 34 committee members, all Republican, who voted in favor of the bill, received nearly 80 percent more 2016… Read more

California’s Clean-Energy Leadership Continues

California’s Clean-Energy Leadership Continues California is a leader, and has earned that title – it is the largest state economy in the U.S. and the sixth-largest economy in the world. Forward-thinking clean energy policies are the backbone of California’s prosperity, creating jobs and businesses for the state while cutting emissions. While the presidential administration assaults […]

Small business the best option for America

“You didn’t build that!” may be an iconic Obama phrase, but a lot of Americans have built a lot of businesses and are proud of it. Calvin Coolidge said famously that “the chief business of the American people is business.” And the chief kind of business of the American people is small business. In 2010 there… Read more

Buy American — But Hire Abroad

President Donald Trump recently signed an executive order urging the U.S. to “buy American,” in part by encouraging the Departments of Commerce and State to prioritize American firms when they dole out often lucrative contracts. But that directive, a report released last week found, may not fulfill Trump’s second stated goal — “hire American” — because… Read more

Israeli Fintech Startup Next Insurance Just Raises $29, And It Is Not The Only One

It’s been a great week for Israeli fintech. Insurtech company Next Insurance just raised $29 million in a Series A funding round with Munich Re/HSB Ventures. Meanwhile, YL venture capital, the group behind several security startups and the retail innovators Upstream Commerce, raised $75 million to fund Israeli software startups looking to enter the lucrative U.S.… Read more

China to boost recycling industry for greener growth

BEIJING — Chinese authorities on Thursday released an action plan to boost the recycling industry amid government efforts to promote green and sustainable growth. By 2020, China aims to increase the output value of the resource recycling industry to 3 trillion yuan ($434.8 billion), a jump of 67 percent from the 2015 level, according to the… Read more

Surviving The Sharing Economy

Struggling to find jobs, millions of young workers have looked to the gig economy. Nearly a third of the sharing economy’s workers are in their thirties and a quarter are between the ages of 18 and 29; 30 percent take such jobs because they either can’t find a stable, “real” job or need the supplemental income.… Read more

Experts Forecast How To Succeed In Future Food And Beverage Sector

(3BL Media/Justmeans) – The recent years have seen a major shift in people’s relationship with food and drink, which have acquired a much more funcional role in our lives. Like in other sectors, data is key and the public want as much information as possible to make a purchasing decision. For that reason, the food and… Read more

New Study: Psychopaths Are Most Likely To Study This In College …(business courses)

Psychopaths Are Most Likely To Study This In College Psychopathy is a real mental health condition that often goes undetected in people, which means you could be living next to, or with, a psychopath and not even know it. So how do you tell a psychopath from your average Joe? Well, according to a new […]

Google to pay 306 million euros additional tax to Italy

Italy has done a search for money and come up with 306 million euros from Google. Its parent company – Alphabet – is to pay that to settle a tax dispute with Italy covered 13 years up to 2015. Alphabet has been accused by several European governments of avoiding tax by shifting income earned in the… Read more

Eurozone business activity at a six-year high

There has been more positive news on the eurozone’s economic recovery as we learned that the region’s businesses are racing ahead. Manufacturing and services companies said they increased activity at the fastest rate in six years in April. Surveys of thousands of firms suggest a broad based and sustainable recovery. Survey compiler IHS Markit said the… Read more

Use of mobile apps increases worldwide in past 2 years

As mobile apps have become part of the daily life for tens of millions of users globally, people are spending much more time on apps, a new study from US-based app tracker App Annie found. The report compared data from the first quarter in 2015 and 2017, showing that the time per user increased over the… Read more

Chinese use mobile phones ‘for everything,’ says Mexican academic

Mobile phone users on a subway train in Nanjing, East China’s Jiangsu province, June 14, 2016. [Photo/VCG] MEXICO CITY – The Chinese people are using mobile phones to do so many things that go beyond their original functions, a Mexican academic who once lived in Shanghai has found. Adolfo Laborde, an expert in international relations and… Read more

Towards a green jean

A survivor of numerous fashion fads over the years, and despite heavy competition, the humble denim is here to stay. Eighty-four exhibitors from 19 countries gathered at Denim PremiereVision in Paris, an event that represents the sector internationally. R-Evolution was the theme to showcase new areas in fashion inspiration, innovation and technology, to help create green… Read more

Alitalia: on a wing and a prayer

Italian airline Alitalia has started bankruptcy proceedings. The loss-making carrier has asked the Rome government to place it under special administration. That could lead to Alitalia being overhauled, sold off or shut down with the loss of 12,500 jobs. This follows the workers rejecting a rescue plan including layoffs and pay cuts which means the airline… Read more

Nighttime satellite images shed light on China’s economy

Beijing and Tianjin are seen in a nighttime satellite photograph. [Photo/NASA] A recent United States economics study shows the Chinese economy may be performing better than official data indicates, reports MarketWatch, a business news website owned by Dow Jones & Co. The study is authored by Hunter Clark and Maxim Pinkovskiy from the Federal Reserve Bank… Read more

As Oil Prices Dip, African Countries Spend Less on Military

African military expenditures have finally slowed down after more than a decade of steady increases, according to a new report on global defense spending. The main reason, the report found, is a drop in oil prices. “The sharp decreases in oil prices has affected quite a number of African countries, namely South Sudan and Angola. This… Read more

Spending bill doubles foreign worker visas

Congress tucked a sweetheart deal for America’s vacation resorts and other seasonal employers into the massive spending bill announced Monday, paving the way for the administration to more than double the number of temporary visas to foreign workers this year and “flooding the labor force” with cheap competition for jobs. Lawmakers also agreed to make the… Read more

Twitter and Bloomberg to Stream News

Twitter and Bloomberg news are teaming up to launch a 24-hour streaming news channel. In response to a story in the Wall Street Journal about the partnership, Bloomberg Media’s top executive tweeted confirmation of the news. “We’ll have a lot more to say about this exciting new partnership at Bloomberg Media’s NewFronts on Monday,” tweeted Justin… Read more

Bitcoin Is Now More Valuable Than Ever

The value of Bitcoin continued to climb over the weekend, reaching a new all-time high by Monday morning. Each digital coin is now worth around $1,400, according to Business Insider. It’s unclear what is driving up the price of bitcoin, especially considering the US Securities and Exchange Commission rejected a bitcoin exchange-traded fund application in March,… Read more

Trump’s Logic Could Apply Well Beyond Civil War

President Donald Trump’s “what if” about the idea of President Andrew Jackson preventing the Civil War is an amazingly impressive insight into American history. Imagine what would’ve happened if only there had been efforts to deal with slavery and avoid Civil War between 1776 and 1865. “ I mean had Andrew Jackson been a little later… Read more

Marijuana Stocks Are Sky High

This article originally appeared on the Motley Fool. The marijuana industry is the hottest thing since sliced bread, and marijuana stocks are thriving as a result. Here’s a quick rundown of how some of the industry’s largest players’ stock prices have performed over the trailing 12 months: GW Pharmaceuticals: up 35% Canopy Growth Corp.: up 248%… Read more

Beijing gets big data center for tourism

A big data center to help the tourism industry has been set up in Beijing. The center jointly established by China CYTS Tours, a travel service provider, and TalkingData, a mobile data service platform, will analyze data like where travelers come from and study demographics. The high research cost and difficulties in precision marketing caused by… Read more

China-owned Volvo Cars’ first-quarter net profit rises 26 per cent

Stockholm (dpa) – China-owned Volvo Cars said on Friday that its first-quarter net profit rose 26 per cent compared to the same quarter last year, driven by strong sales in China and Western Europe. Net income for the period was 2.6 billion kronor (294 million dollars), compared to 2.06 billion kronor a year ago. The carmaker… Read more

What If Zillow Collected Patent Transaction Data

Imagine a world where Zillow had as much patent transaction data as it has for residential real estate transactions. If Zillow had a database that was populated with patent transaction, it could drastically change the Intellectual Property marketplace. In this transparent IP world, in seconds parties could establish a reasonable royalty rate or sale price for… Read more

Spain’s economic growth continues apace

Spain’s economy continues to turn in strong growth, making it one of the fastest-expanding in Europe. Preliminary figures from the national statistics institute show gross domestic product rose by 0.8 percent in the first three months of this year from the previous quarter. It was Spain’s 14th consecutive quarter of growth. The Madrid government has said… Read more

Economic growth stumbles to worst rate in 2 years, underscoring Trump’s challenge

WASHINGTON — The economy stumbled at the start of 2017, expanding at its slowest pace in two years in a demonstration of the difficulty President Donald Trump will have in boosting growth to a much stronger sustained level. Total economic output, also known as gross domestic product, increased at just a 0.7 percent annual rate from… Read more

Ireland entices Chinese tourists with trade show

[Photo provided to China Daily] Ireland’s tourism authority kicked off its annual road show in Beijing on April 24. The five-day event also includes stops in Shanghai, Guangzhou and Hong Kong. “Our annual sales mission is an important event in our marketing calendar,” says Niall Gibbons, CEO of Tourism Ireland. Its purpose is to enhance and… Read more

US economic growth slowed sharply in first quarter

Washington (dpa) – The US economy grew at an annual rate of 0.7 per cent from January to March, the Commerce Department said Friday in its initial estimate of gross domestic product (GDP). Economic expansion in the first quarter slowed sharply from the previous quarter, when GDP grew at an annualized pace of 2.1 per cent… Read more

Source control crucial to eliminating ‘gutter oil’

BEIJING — Source control is crucial to eliminating the use of “gutter oil” in China, an expert has said. Zhu Yi, associate professor at China Agricultural University, was referring to recycled oil made from kitchen waste dredged from gutters behind restaurants and inedible animal oil, as the General Office of the State Council released a guideline… Read more

Britain’s economic growth slows sharply

The latest official figures show a sharp slowdown in Britain’s economic growth in the first three months of this year. Briton’s are spending less as inflation rises linked to the fall in the value of the pound after last year’s Brexit vote. Growth weakened to 0.3 percent in the period from January to March. That is… Read more

Trump infrastructure plan called chance for win-win cooperation

  1. The $1 trillion infrastructure plan proposed by US President Donald Trump signals win-win opportunities for China and the United States, according to experts. US Transportation Secretary Elaine Chao told The Boston Globe on April 21 that she expected Trump’s $1 trillion plan to debut this summer after the administration tackles tax reform. “We’re on track,” Chao… Read more

What’s Behind Twitter’s Blowout First Quarter?

This article originally appeared on the Motley Fool. Twitter (NYSE:TWTR) reported first-quarter earnings results that weren’t nearly as bad as many had expected. While the company suffered its first-ever year-over-year sales decline, it managed to come in well above the low expectations it had set for investors back in February. Twitter reported revenue of $548 million… Read more

ESPN Had Layoffs Because Of Cord-Cutters

Earlier this week, the sports media space reeled from the news that ESPN is laying off an estimated 100 employees. This week’s layoffs weren’t the first for ESPN, but still affected a deep bench of on-air and online employees, including personalities like Trent Dilfer and staffers like NBA guru Marc Stein. While certain corners of the… Read more

Businesses Speak out Against Proposed Energy-Efficiency Budget Cuts

The President’s budget template, which slashes the Environmental Protection Agency budget by 32% and eliminates voluntary programs, including the agency’s Combined Heat and Power (CHP) Partnership and the ENERGY STAR program, has drawn wide criticism from businesses across the country. Businesses are speaking out on behalf of the CHP Partnership. More than 100 companies have already… Read more

BlackRock CEO: Tax cuts could create ‘explosive deficits,’ do little to boost growth

CHICAGO — The U.S. economy’s growth has been “terrible” and President Donald Trump’s proposed tax reforms are not likely to give the nation the boost that investors are expecting, the head of the world’s largest money manager said Friday in Chicago. Speaking at Morningstar’s annual investment conference, BlackRock Chief Executive Laurence Fink told an audience of… Read more

China, Russia to develop new jet

Domestic aircraft manufacturer Commercial Aircraft Corp of China said on Thursday that it has started work to develop a wide-body commercial jet with Russia, and the passenger plane is expected to be delivered within 10 years. The 280-seat wide-body jet would have a range of 12,000 kilometers. The project signals the two countries’ ambitions to compete… Read more

Suvery Finds Consumers Don’t Trust Companies To Protect Their Data

More than two-thirds of adults in the United States and United Kingdom worry consumer electronics makers are failing to take the proper steps to secure their data, aa survey published this week indicates. Gigya, a customer management platform, surveyed 2,000 adult consumers in the U.S. and 2,000 in the U.K. and found 68 percent of respondents… Read more

Innovation lifts SOEs, Li says

Premier Li Keqiang listens to information about a robot that uses biometric information to allow gate entry. Li attended an exhibition of innovative products in Beijing on Thursday. WU ZHIYI / CHINA DAILY Premier advocates blending entrepreneurship and technology with industrial strength Entrepreneurship and technological innovation have immensely contributed to sustaining the development of State-owned enterprises… Read more

EU-Funded fake news spotting tool gets better and better

Journalism may get an extra boost from fact-checking algorithms. Image in Public Domain Pictures. The Pope endorses Donald Trump! Or does he? Vaccines cause autism! No, they don’t (really, they don’t). Every day we’re bombarded with information and news, much of which is simply not true. Fake news has become a part of our life, and… Read more

Sinopec to buy interest in SECCO from BP for $1.68 billion

Asia’s largest refiner Sinopec has agreed to purchase a 50 percent stake in the Shanghai SECCO Petrochemical Company Limited from BP, the company announced on Thursday evening. Gaoqiao Petrochemical Co Ltd, a 100% subsidiary of China Petroleum & Chemical Corporation (Sinopec), has agreed to buy the 50 percent stake for $1.68 billion. ECCO is currently owned… Read more

Dragged passenger reaches settlement with United Airlines

CHICAGO — United Airlines has reached a settlement agreement with the passenger who was bloodied and dragged down the aisle of a plane after refusing to give up his seat, attorneys for the passenger said Thursday. Dr. David Dao, 69, of Elizabethtown, Ky., suffered a concussion, broken nose and sinus injury during the April 9 incident… Read more

United offers $10,000 for overbooked seats

United Airlines says it will offer $10,000 to passengers who volunteer to forfeit their seats on overbooked flights. United has also said it will take action to reduce overbooking on flights and improve customer satisfaction. Why is the airline doing this? It is part of an effort to restore the airline’s image after a passenger was… Read more

Trump’s Tax Cuts Plan: A Guide to What You Need to Know

Trump’s Tax Cuts Plan: A Guide to What You Need to Know President Donald Trump’s embryonic proposal to slash tax rates for businesses big and small is the opening gambit in what is likely to be a protracted fight over how the federal government raises money. It also marks the end of a fragile consensus […]

WeChat becomes business tool as it tops rival Facebook’s daily usage

WeChat, the ubiquitous messaging app, is being used for an ever longer period of time and is growing into a lifestyle choice embedded into daily activities and interactions, a new survey has found. In 2016, one-third of WeChat’s 889 million monthly active users spent a solid four hours or more per day on the mobile chatting… Read more

Trump’s tax plan: Why don’t all income earners pay a 15% single rate?

WASHINGTON, April 26, 2017 – President Trump has just introduced a tax plan that lowers the corporate income tax rate to 15 percent, and lowers the rate on personal income to somewhere between 10 and 33 percent, depending on income level. Since corporations will pay a single rate of 15 percent regardless of the level of… Read more

Jobs, Homes at Stake in US-Canada Trade Squabble

Canadian officials say a new tariff imposed by the Trump administration will raise the cost of new homes in the United States by $1,000 each, and shut 150,000 Americans out of home ownership. Washington’s decision also puts “thousands” of U.S. homebuilding jobs at risk, according to Canada’s ministers of natural resources and foreign affairs. The comments… Read more

2017 Green Transition Scoreboard® Tracks Private Green Investments At $8.1 Trillion

Today, the latest Green Transition Scoreboard® (GTS) found that, despite Trump’s anti-green policies, private green investments now total more than $8.1 trillion USD ($8,133,456,730,370). Published annually since 2009, the GTS is a global measure of private green investment in five green sectors: 1) Renewable Energy, 2) Efficiency, 3) Life Systems (water, waste, recycling, community investing, e-learning… Read more

Tesla: Absurd level of risk, Cult of Elon Musk equal disaster

WASHINGTON, April 25, 2017 – For the better part of at least two years, I’ve more or less held my opinion and my pen in check when it comes to the absurd mythological and virtually fictional character of Elon Musk, tech god and miracle worker. That’s because all Musk has done in recent memory is promote… Read more

Chinese Takeover Bid for US-based MoneyGram Scrutinized

The financial industry is closely watching Alibaba affiliate Ant Financial’s attempt to acquire Dallas-based MoneyGram International, the world’s second biggest money transfer company after Western Union. Ant is offering $1.2 billion, more than U.S.-based competitor Euronet Worldwide. If successful, the deal would turn Ant Financial into a financial behemoth with access to MoneyGram’s vast network of… Read more

Google Will Let You ID Fake News In Your Search Results

Fake news has been a trending term among tech companies in recent months, and Google is taking a more proactive approach toward the issue. In a post Tuesday, Google announced several major changes to how it categorizes search results to stop inadvertently promoting sites with intentionally misleading or false articles. Google said the search company plans… Read more

Infographics that clearly illustrate our ecological footprints

Often, it’s hard to visualise your impact on the world, it seems like an abstract concept. We are told that are using too many resources and emitting too much CO2 but it’s difficult to say how much we are creating individually. In this time period sustainability is very important. Already, we are pushing our planet to… Read more

Wikitribune Is Wikipedia founder’s Plan To Fight Fake News

Wikipedia has always been a site to take with a grain of salt because it’s curated by the Wiki community, which isn’t necessarily composed of professionals or specialists. Now Wikipedia co-founder Jim Wales wants to launch a news service to fight fake news, incorporating that same community idea with professional journalists. Wikitribune’s crowdfunding campaign launched Tuesday… Read more

Internet Access More Important than Laundry Facilities for Apartment Dwellers

In a sign of just how important internet access is, a new survey suggests rental apartment hunters are more concerned with high-speed internet and wi-fi than they are with in-home laundry facilities. The survey commissioned by cable television and internet provider Comcast, found 34 percent of the 205 building managers, building owners and real estate developers… Read more