Markets | Ideals

Bill To Outlaw Trade In Dog Meat Passed By The Parliament Of South Korea

South Korea's parliament passed a bill on Tuesday to ban the consumption and sale of dog meat, outlawing the contentious centuries-old practice amid increased support for animal welfare. ...

The Two Priciest Cities In The World Are Singapore And Zurich

The Economist Intelligence Unit (EIU) has announced that Singapore and Zurich were tied for the most expensive cities in the world this year, followed by Geneva, New York, and Hong Kong....

Pocket wallets vs. smartphones: Can we replace cash with digital currencies?

The more than a decade-long history of cryptocurrency has clearly demonstrated that the world is keen on the new form of money. The crypto frenzy has even prompted leading central banks to work on...

Buffett’s Successor Poised to Lead Berkshire into Next Chapter, Investors Eye Transition Closely

Tech Giants Clash Over ‘Preferential Treatment’ as Samsung Cites Reliance Precedent in $520M Tax Battle in India

Markets

U.S. Aluminum Foil Anti-Dumping Duties Angers China

China has urged the U.S. to correct its “mistaken methods” in relation to the later imposing hefty anti-dumping duties ranging from 97 percent to 162 percent on Chinese aluminum foil, even as the second largest economy in the world has said that it was “strongly dissatisfied” with the U.S. over the...

While America Loves Trucks, Wall Street Loves Electric Cars

Americans are paying ever higher prices to buy big, fuel-thirsty trucks like Ford Motor Co’s bestselling F-Series pickups as they are in love with them even though Wall Street may love the shares of Silicon Valley electric carmaker Tesla Inc. As governments float proposals to ban internal...

For German Expansion, Parts Of Air Berlin Clinched By EasyJet

Ending uncertainty over the fate of the failed airline's remaining assets, and by agreeing to buy part of Air Berlin's operations at Berlin Tegel airport, EasyJet has strengthened its position in Germany. Making the announcement shortly after Air Berlin's final flight landed at Tegel,...

While Still Seeing Role For Hydrogen, Japanese Carmakers Warm To EVS

While not really giving up on alternative technologies, showcasing concepts ranging from compact sportscars to all-wheel-drive mini SUVs at this week’s Tokyo Motor show, Japanese automakers are finally embracing electric cars. Japanese manufacturers are talking up all-battery electric...

Asian Bike-Share Operators Desired To Be Regulated By Paris

Paris plans to introduce regulation to ensure an orderly rollout of new bicycle schemes and does not want Asian bike-sharing operators to burst into the city the way Airbnb and Uber did, ay media reports quoting top city officials. . Chinese giants Ofo and Mobike, as well as Singapore...

Millions In Mexico Turn To Early Warning App After Massive Earthquakes

An app which is one of Mexico’s most downloaded apps, is an early warning start-up called SkyAlert has doubled its users to 5.8 million since two massive earthquakes hit the country in September, claiming more than 460 lives. The co-founder and director Alvaro Velasco of the app SkyAlert...

China’s Third-Quarter GDP Growth Meets Expectations, Reports 6.8% Growth

China’s third-quarter growth data met market expectations as the country reported the data on Thursday. On a day after Chinese President Xi Jinping made big promises for the country's economic future during a pivotal leadership meeting, the country's National Bureau of Statistics...

Mounting 'Backlash' Against Tech Seen By Top Startup Investors

Decrying the power that companies such as Facebook Inc had amassed and call for a redistribution of wealth, two of the technology industry’s top startup investors took to the stage at a conference on Wednesday. Widespread discontent over income inequality had put wealthy technology...

Strategist Says That With Electric Vehicle Revolution, Oil Will Crash To $10 A Barrel

As alternative energy fuels continue to attract more and more investors and technologies for such energy develops and becomes cheaper, it is expected that oil prices will crash to just $10 per barrel over the next six to eight year, according to the belief of Chris Watling, the chief executive of...

Citizenship In One Of The World’s Happiest Countries Now Can Be Bought By Bitcoins

If one has some bitcoins in the digital wallet and desires to go to paradise – the digital coins can be easily used to buy a second passport. In order to apply for so-called investment citizenship, outsiders will be allowed to use the volatile cryptocurrency at Vanuatu, a South...

IEA Says Hopes For A Higher Oil Price Could Be Crushed By These Three Factors

According to the latest monthly report from the International Energy Agency (IEA), the global outlook for oil markets in 2018 could put a dampener on hopes for higher prices. The IEA said in its closely-watched report published on Thursday that sluggish growth in demand, rising non-OPEC...

Goldman's Global Equity Chief Says Investors Shouldn’t Worry Even Though He Sees Signs Of A Market Top

After seeing warning signals of a market peak, Goldman Sachs has sought to reassure investors. In order to gauge when a market may have topped out, the investment bank has built a "Bear Market Risk Indicator". While chief global equity strategist Peter Oppenheimer said on...