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Month: November 2017

Japan Joins Belt & Road Competition Amid Trump’s Asia Tour

11/07/2017 Ranbiz

During his stop in Tokyo this week, Japanese Prime Minister Shinzo Abe gave U.S. President Donald Trump a white hat that said: “Donald & Shinzo, Make Alliance Even Greater.” And…

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Indonesia Threatens to Block WhatsApp Messaging Over Obscene Content

11/07/2017 RanIT

Indonesia on Monday vowed to block Facebook’s WhatsApp Messenger within 48 hours if the service did not ensure that obscene Graphics Interchange Format (GIF) images were removed. WhatsApp, which is…

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Snapchat Outage Prompts Complaints on Twitter

11/07/2017 RanIT

Snapchat faced a worldwide outage for at least four hours on Monday, prompting a flood of complaints on rival mobile application Twitter a day before posting its third quarterly earnings…

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Catalonia Faces 10 Percent Tourism Hit in Fourth Quarter

11/07/2017 Ranbiz

The restive Spanish region of Catalonia faces a potential $500 million financial hit in the fourth quarter as business-related travel dips following the attack in Barcelona and the uncertainty generated…

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Stephen Hawking Says Technology Could End Poverty But Urges Caution

11/07/2017 RanIT

Technology can hopefully reverse some of the harm caused to the planet by  industrialisation and help end disease and poverty, but artificial intelligence (AI) needs to be controlled, physicist Stephen…

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Saudi Economy Vulnerable as Corruption Probe Hits Business Old Guard

11/07/2017 Ranbiz

Two weeks ago the glitzy Ritz Carlton hotel in Riyadh was the site of an international conference promoting Saudi Arabia as an investment destination, with over 3,000 officials and business…

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Study: Africa Set to Top 1 Billion Mobile Internet Connections in Five Years

11/06/2017 RanIT

Africa’s mobile internet connections are set to double in the next five years, a study showed on Monday, thanks to affordable smartphones and the roll-out of high-speed networks. A report…

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Dudley Retirement Reflects Broad Turnover of US Federal Reserve Leadership

11/06/2017 Ranbiz

A revamping of the Federal Reserve’s leadership is widening with the announcement Monday that William Dudley, president of the New York Fed and the No. 2 official on the Fed’s…

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Broadcom Offers $103 Billion for Qualcomm, Sets Up Takeover Battle

11/06/2017 RanIT

Chipmaker Broadcom made an unsolicited $103 billion bid for Qualcomm on Monday, setting the stage for a major takeover battle as it looks to dominate the fast-growing market for semiconductors…

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Amid Outcry, Afghan Officials Rescind Temporary Ban on WhatsApp, Telegram

11/06/2017 RanIT

Afghanistan’s government has decided against blocking the instant messaging services of WhatsApp and Telegram in the face of widespread anger and sustained criticism of the controversial move from civil rights…

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Supreme Court Rejects Samsung Appeal in Apple Patents Case

11/06/2017 RanIT

The Supreme Court has rejected Samsung’s appeal of court rulings that it impermissibly copied features of Apple’s iPhone. The justices on Monday left in place rulings in favor of Apple…

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Huge Political Stakes in US Tax Reform Fight

11/05/2017 Ranbiz

While President Donald Trump continues an Asia trip with high geo-strategic stakes, Republicans in Washington are promoting an ambitious tax reform bill that could bring enormous fiscal, and political, consequences.…

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Multinationals Grapple with US Republican Excise Tax Surprise

11/05/2017 Ranbiz

The Republican tax bill unveiled last week in the U.S. Congress could disrupt the global supply chains of large, multinational companies by slapping a 20-percent tax on cross-border transactions they…

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Will Formula Racing Switch to Electric Cars?

11/05/2017 RanIT

As private and public transportation slowly shifts to electric propulsion, fans of Formula One car racing wonder whether the thrill of roaring turbocharged engines and the smell of burning car…

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Old Tech Increasingly Causing Health, Environmental Troubles

11/05/2017 RanIT

A growing amount of the waste in the world is out-of-date electronics. And inside all of our devices are a lot of valuable metals, and also some dangerously toxic ones.…

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Sprint, T-Mobile End Merger Talks

11/04/2017 Ranbiz

Wireless carriers Sprint and T-Mobile called off a potential merger, saying the companies couldn’t come to an agreement that would benefit customers and shareholders. The two companies have been dancing…

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Trump Urges Saudi Arabia To List Shares of World’s Largest Oil Producer on NYSE

11/04/2017 Ranbiz

U.S. President Donald Trump urged Saudi Arabia Saturday to list its state-owned oil company on the New York Stock Exchange when the company goes public in what is expected to…

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Saudi Crown Prince Tackles Extremism on the Road to Social, Economic Reform

11/04/2017 Ranbiz

The recent flurry of social and economic reform coming out of Saudi Arabia has left some Saudis ecstatic, others more circumspect, and a few conservatives bewildered or even angry. Saudi…

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China Border Traders Hit Hard by North Korea Sanctions

11/04/2017 Ranbiz

For Yu Kaiguang, harsh new United Nations sanctions on North Korea are a disaster. The trader in the Chinese border city of Dandong has seen business all but dry up,…

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New Exhibit Shows How Tech Intrudes on Our Lives

11/04/2017 RanIT

The extent to which technology is always watching us is on stark display at a new London exhibit called “The Glass Room.” It allows visitors to see just how much…

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US Unemployment Lowest in 17 Years After Employers Add 261,000 Jobs

11/04/2017 Ranbiz

A solid rebound for the job market in October as the U.S. economy added 261,000 jobs. Job gains were strong across the board, and the unemployment rate fell to 4.1…

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Implications of Venezuela’s Proposed Foreign Debt Restructuring

11/04/2017 Ranbiz

Venezuelan President Nicolas Maduro has announced that the country and state oil company PDVSA will restructure its burgeoning foreign debt, even as he vowed to make a payment of more…

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California Asks US for $7.4 Billion for Wildfire Rebuilding

11/04/2017 Ranbiz

California Gov. Jerry Brown and lawmakers asked the U.S. government Friday for $7.4 billion to help rebuild after a cluster of fires tore through the heart of wine country, killing…

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Largest US Port Complex Passes Plan to Reach Zero Emissions

11/04/2017 Ranbiz

The largest port complex in the nation has set goals to drastically reduce air pollution over the next several decades. The plan approved Thursday at a meeting of the governing…

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Nigeria Militants End Oil Hub Cease-fire

11/03/2017 Ranbiz

A Nigerian militant group whose attacks on energy facilities in the Niger Delta last year helped push Africa’s biggest economy into recession said Friday that it had ended its cease-fire.…

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Venezuela Calls Creditors to Debt Talks

11/03/2017 Ranbiz

Venezuela’s cash-strapped government invited creditors to a Nov. 13 meeting in Caracas on Friday, after announcing plans to potentially restructure some $60 billion in bonds that sent the OPEC nation’s…

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