Google has made an investment in Indonesian ride-hailing start-up Go-Jek. The move is part of Google’s ambition to grow Indonesia’s digital economy and start-up scene, the tech giant said in a statement Monday. “Go-Jek is led by a strong Indonesian management team and has a proven track record of using […]
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Freed Saudi billionaire Prince Alwaleed says corruption detention was a ‘misunderstanding’
Saudi Arabian billionaire businessman Prince Alwaleed bin Talal has been freed after a high-profile detention during a crackdown on corruption, describing his arrest as a “misunderstanding.” Speaking to Reuters just ahead of his release Saturday, Alwaleed said that there were no charges against him following his arrest as part of […]
Asian shares close mixed as dollar edges up; greater China markets turn lower
Asian shares closed mixed on Monday after greater China markets gave up early gains to trade lower in the afternoon. Japan’s Nikkei 225 reversed early gains to close nearly flat at 23,629.34, with energy-related stocks, trading houses and automakers mostly higher on the day. Toyota gained 0.46 percent by the […]
Will the solar tariffs be a boon for the US? The answer is far from straightforward
One plank of Donald Trump‘s election platform was centered on rebalancing the trade relationship between the U.S. and China. He once told an interviewer that he preferred “fair trade” to plain old “free trade.” His Commerce Secretary Wilbur Ross has taken up that baton as a very public proponent of […]
The ECB and the euro are the only glue holding parts of Europe together
Many German political observers estimate that, under the best circumstances, their country is unlikely to have a new three-party coalition government before Easter — April 1. They realize that this might be an optimistic forecast given the fundamental differences separating those who want a status quo stability (two right-wing parties) […]
Chinese flight routes set off military alarms in Taiwan
In self-ruled Taiwan, fears of a military invasion from the world’s second-largest economy are growing. Following Beijing’s increased military drills near the East Asian island, which China considers as part of its own, Taiwanese President Tsai Ing-wen said in a televised broadcast last week that she did not exclude the […]
Asian shares gain after Wall Street’s record highs; greater China markets turn lower
Asian shares traded mostly higher on Monday, tracking significant gains stateside, although greater China markets gave up early gains to trade lower in the afternoon. Japan’s Nikkei 225 held to slight gains, trading higher by 0.07 percent, with energy-related stocks, trading houses and automakers mostly higher on the day. Toyota […]
Massive Japanese cryptocurrency hack won’t be the last, Wall Street analyst says
The more than $500 million cryptocurrency heist at a major Japanese exchange last week is unlikely to be the last such hack, according to a Wall Street analyst. “I think [the attack] does highlight the fact that the industry still has a long way to go in terms of basic […]
Ford China chief Jason Luo resigns, effective immediately
Ford Motor said on Monday that its China chief Jason Luo has resigned after leading the U.S. automaker’s China operations for roughly five months. Luo’s resignation was effective immediately, the company said in a statement. In his role, Luo was responsible for leading Ford’s operations in Greater China including its […]
A global heat map for joggers is exposing sensitive US military information
An online heat map that shows where some people exercise could have revealed sensitive information about the locations and activities of soldiers at U.S. military bases, The Washington Post reported. Strava, the company behind the heat map, calls itself a “social network for athletes.” Users connect a GPS device to […]