Samsung, Hyundai Motor see growing uncertainties in 2017
An Hours-Long Customs Outage Across the US Leaves Travelers Up in Arms
Major airports across the U.S. saw long lines, packed waiting areas and grumbling passengers on Monday, as a nationwide system crash at Customs and Border Protection (CBP) caused extended delays right as the holiday season was drawing to a close. The Associated Press reports that “a processing system outage” was to blame for the delay. NBC News reports that the “technological disruption” started at 5 p.m. ET, and continued for about four hours, according to the CBP, before systems were restor..>> view originalPound Drop Boosts U.K. Manufacturing, Pushes Up Factories' Costs
U.K. manufacturing grew at the fastest pace in 2 1/2 years in December, helped by the pound’s depreciation since the vote to leave the European Union.After dipping sharply in the wake of the Brexit referendum -- dropping below the key 50 level in July -- the IHS Markit Purchasing Managers Index has since recovered strongly and was at 56.1 last month. That’s up from 53.6 in November and marks the highest level since June 2014. It also beat the median forecast of economists in a Bloomberg News su..>> view originalFinland launches two-year experiment in basic income for the unemployed
The centuries-old concept of universal basic income (in which states provide citizens with money regardless of how much they work) continues to spark interest around the world, with Finland the latest country to experiment with a limited form of the ...>> view originalTwitter China Chief Kathy Chen Departs
BEIJING—Twitter Inc.’s controversial China chief has departed after only eight months, the latest executive to leave amid a global reorganization. A stream of executives has left the company since it announced layoffs in October amid continued losses. Profitability has long been a challenge for the popular social network and its revenue growth...>> view originalDollar, global stocks firm as 2017 trading starts in earnest
LONDON Upbeat data from China helped lift global markets as 2017 trading started in earnest on Tuesday, with the dollar notching its biggest gain in three weeks, oil on a tear and European stocks setting a one-year high.Base metal prices and bond yields also advanced, as the better-than-expected factory growth in China dovetailed with higher inflation data in Europe to give investors a solid start to the new year.Much of Europe had been open on Monday but it was the first day back for its bigg..>> view originalUK stock market hits record as manufacturers win business
Britain's main stock index struck a record high Tuesday as a survey showed manufacturers gaining business from the slide in the value of the pound since the country's decision in June to leave the European Union.In early-afternoon trading, the FTSE 100 index was up 0.5 percent at 7,182. Though the index is down slightly from its earlier all-time high of 7,205.21, it remains on course to better the previous record closing high of 7,142.83.One of the main reasons why the FTSE 100 has hit a series..>> view originalIntel seeks approval to buy stake in HERE
FRANKFURT--Intel Corp. is seeking to buy a stake in HERE, the digital-mapping company owned by Germany's luxury carmakers, according to a filing to Germany's Federal Cartel Office. An spokesman for the office declined to say how large a stake the U.S. chip maker aimed to buy. The antitrust authority has a month to decide whether to approve the acquisition. Neither HERE nor Intel were immediately available for comment. HERE is owned by Daimler AG, BMW AG and Volkswagen AG's Audi AG unit, which b..>> view originalAsia Pacific|China Begins to Ease Its 2000-Year-Old Monopoly on Salt
BEIJING — China has started an overhaul of its salt industry, easing a monopoly that has existed in some form for more than 2,000 years and predates the Great Wall.New regulations went into effect at the start of this year. Under a plan published by China's State Council last year, government regulators will allow private companies to enter the salt market. Existing wholesalers will be allowed to operate outside their previously designated areas, run marketing campaigns and introduce "modern w..>> view originalBitcoin digital currency hits three-year high of $1000
Image copyright Getty Images Digital currency Bitcoin has seen its value top $1000 (ÂŁ815) for the first time in three years after it ended as the best-performing currency of 2016. It traded as high as $1,029 on Tuesday, according to CoinDesk data.Analysts are attributing its jump to increased demand from China, which is where most Bitcoin trading takes place.Bitcoin relies on web-based transactions handled across thousands of computers and is an anonymous and quick way to move money global..>> view original
Friday, February 10, 2017
Samsung, Hyundai Motor see growing uncertainties in 2017 and other top stories.
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