Anxiety around China’s globe-spanning Belt and Road initiative is seeping into the digital economy of at least one country. An Alibaba-led digital trade zone in Malaysia, which is part of Beijing’s ambitious infrastructure project, is expected to boost trade between Southeast Asia and China, but some fear it could hurt […]
FAN Editor
China nuclear reactor delayed again on ‘safety concerns’
Fuel loading at the world’s first Westinghouse-designed AP1000 nuclear reactor on China’s east coast has been delayed due to “safety concerns” — the latest in a long line of setbacks for the project, the China Daily reported on Tuesday. The third-generation reactor, located in Sanmen in Zhejiang province, was originally […]
Asian shares gain following Wall Street advance; Nikkei up 0.9%
Asian markets advanced on Tuesday, tracking gains made by stateside indexes, which recorded their second straight day of gains following last week’s massive losses. In Japan, the benchmark Nikkei 225 index rose 0.85 percent as markets resumed trade following a long weekend. Most automakers were slightly higher in the morning, […]
Facebook execs paint a grim picture for news publishers
Changes that Facebook is making to boost the quality of news content will help local publishers but significantly hurt some others, company executives told a media-industry gathering late Monday. The resulting experiments, which are still ongoing, could ultimately cause some to re-consider working with the company altogether, said Campbell Brown, […]
Boston Dynamics’ SpotMini robot can now open up doors
Boston Dynamics has proven that you can teach a robot dog new tricks. On Monday, the company, which is owned by SoftBank, showed its SpotMini bot opening a door using its extendable arm/neck. The robot made its debut in a video last year, sorting through recycling, putting away dishes and […]
Mulvaney defends the White House budget: ‘Does it balance? No’
Director of the Office of Management and Budget Mick Mulvaney said the $4.4 trillion budget proposed by the White House would increase the federal deficit and would not balance the budget. “Does it balance? No it doesn’t,” Mulvaney told reporters on Monday. “I couldn’t tell you using solid numbers that […]
Opioid makers gave $10M to advocacy groups amid epidemic
WASHINGTON – Companies selling some of the most lucrative prescription painkillers funneled millions of dollars to advocacy groups that in turn promoted the medications’ use, according to a report released Monday by a U.S. senator. Continue Reading Below The investigation by Missouri’s Sen. Claire McCaskill sheds light on the opioid […]
HNA unit to sell two Hong Kong sites to Henderson Land for $2 bln
A HNA Group logo is seen on the building of HNA Plaza in Beijing, China February 9, 2018. REUTERS/Jason Lee February 13, 2018 HONG KONG (Reuters) – A unit of China’s HNA Group [HNAIR.UL], the cash-starved aviation-to-financial services conglomerate, said on Tuesday it was selling two Hong Kong sites to […]
For advertisers, Snapchat’s got the kids
February 13, 2018 By David Ingram SAN FRANCISCO (Reuters) – Social network Instagram has come to look more like rival Snapchat after copying some of its features, but marketers say Snapchat’s younger audience and safeguards against poor placement drive enthusiasm for advertising on the smaller app. Expectations for Snapchat’s future […]
USA’s Granato takes anonymous squad on Olympic mission
FILE PHOTO: Head coach of the U.S. national Icehockey team Tony Granato, instructs his team during their match against Germany in the German Ice Hockey Cup in Hamburg, Germany, November 10, 2004. REUTERS/Christian Charisius/File Photo February 13, 2018 By Dan Burns GANGNEUNG, South Korea (Reuters) – U.S. men’s hockey coach […]