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US government should work to narrow wealth gap

When US Senator Elizabeth Warren officially launched her 2020 US presidential bid not long ago, she said it would be a campaign against the US' rich. Some Democratic US lawmakers even proposed a tax of up to 70 percent on the wealthy. The rationale behind those moves is the fact that more and more Americans are dissatisfied with the widening gap between the rich and the poor.
Source: Global Times | 2019/2/28 18:08:42

With low profitability and uncertain N.American ambitions, Peugeot risks running out of gas

Peugeot maker PSA Group has been the best of a bad bunch among European carmakers.
Source: Global Times | 2019/2/28 18:08:40

NK delegations need go global for economic takeoff

Many hope that North Korean leader Kim Jong-un will see Vietnam's economic experience as a model for his own country's development. But merely copying Vietnam's economic development is far from enough for North Korea's blueprint to open up its economy and find new ways of socialist economic development.
Source: Global Times | 2019/2/27 21:38:40

India's slow industrialization shows failure to grasp globalization

A lack of infrastructure and obstacles in its foreign investment policies have also resulted in little gain for employment, although India's economy has grown at a considerable rate.
Source: Global Times | 2019/2/27 18:57:14

Capital market boom may shore up China's competitiveness

Since the beginning of February, there has been an abrupt change in investors' sentiment about stocks listed on the Chinese mainland market, the latest sign pointing to the possibility of another bull run akin to the short-lived stock market upswing that started in November 2014.
Source: Global Times | 2019/2/27 17:53:41

Nintendo's winning buyback game is a sign new corporate governance code is gaining traction

Stock buybacks are often a silly financial engineering game, but in Japan they warrant serious consideration. Nintendo shows how they can be played to winning effect.
Source: Global Times | 2019/2/27 17:43:41

The fledgling Greater Bay Area needs 'affable guidance'

Given its appropriate timing and enormous opportunities, this development has undoubtedly provided the world a great of deal room to imagine its possibilities.
Source: Global Times | 2019/2/26 21:43:40

BRI can be platform to ease India-Pakistan strains

The deadly terror attack in Pulwama is expected to be an unavoidable topic in a trilateral meeting among the foreign ministers of China, Russia and India, which is scheduled to be held Wednesday in Wuzhen, East China's Zhejiang Province.
Source: Global Times | 2019/2/26 21:38:40

Without Huawei, Europe's 5G rollout will hit snag

Nokia's prediction that a potential ban on Chinese suppliers would not delay the next-generation 5G service roll-out in European markets is incorrect. It is beyond doubt that delays will arise should Chinese companies like Huawei be kept out.
Source: Global Times | 2019/2/26 19:53:41

Even with recovering gold prices, Barrick's gamble on US rival is one part logic, two parts folly

Barrick's latest gamble looks like fool's gold. The Canadian giant is eyeing a bid for its $19 billion US rival Newmont Mining, the Globe and Mail reported on Friday, a tie-up which has been mooted before and could yield synergies. But the buyer has just acquired Randgold Resources, the target is buying Goldcorp, and investors in the sector are wary of scale for the sake of it.
Source: Global Times | 2019/2/26 19:53:40

Nepal gauges interests in choosing China rail norm

Nepal will use Chinese gauge standards for a planned nationwide rail network, the Nikkei Asian Review reported. It is easy to understand the disappointment in India, which failed to persuade Nepal to adopt its wider gauge, but there is no need to view Kathmandu's reported decision as a threat.
Source: Global Times | 2019/2/25 21:44:09

Economic development will remain India's focus regardless of election outcome

As India's lower house Lok Sabha elections approach, Devendra Fadnavis, chief minister of Maharashtra, said that if the Bharatiya Janata Party (BJP) loses, India will regress at least 50 years. Of course, Fadnavis was obviously over exaggerating.
Source: Global Times | 2019/2/25 21:44:02

BRI not meant to counter US Indo-Pacific strategy

Since its inception, the “Belt and Road” initiative (BRI) has been gaining partners around the world. The international community's attitude toward the BRI has gradually changed from initial incomprehension, suspicion and fear to one of understanding, acceptance, and participation.
Source: Global Times | 2019/2/25 16:53:40

After robust fourth quarter, Barclays has new ammunition for fight against corporate crusader

In the Catholic catechism, a “just war” restores moral order rather than merely exacting revenge. Corporate crusader Edward Bramson has reason for bloodlust given the losses he has sustained since he disclosed a 5 percent stake in Barclays nearly a year ago. But his battle to capture a board seat and cut the investment bank down to size is on shakier ground after a broadly robust fourth quarter.
Source: Global Times | 2019/2/25 16:33:39

Rising middle class may mean bright future for Tesla

As US-based electric carmaker Tesla gears up its deliveries of the Model 3 in China, test drives are in hot demand at Tesla showrooms. Some customers have shown great enthusiasm for the Model 3, just like they did almost one decade ago when the iPhone 4 made its debut in China.
Source: Global Times | 2019/2/24 22:10:50

Now it is time for the US to repair fraught ties with Huawei

If a country wants to claim a top perch as a technology leader, it should ratchet up market competition rather than obstructing rivals.
Source: Global Times | 2019/2/24 18:28:39

China trusts Europe's smart choice on Huawei

The UK's National Cyber Security Centre recently concluded that any risk posed by using Huawei 5G networks can be managed, according to unnamed sources cited by the Financial Times. Some Western media have said that this shows the UK and other European countries haven't followed the US on the so-called outright ban on Huawei's 5G equipment. Instead, they are cautiously taking a relatively balanced view based on their own interests. The UK is part of the intelligence-sharing group known as Five Eyes, and its approach on the issue is likely to set an example for other European countries to address security concerns involving Huawei and to purchase Huawei's 5G equipment.
Source: Global Times | 2019/2/24 17:08:39

Lenovo's reboot could run low on battery as demand for handsets, servers and PCs wanes

Lenovo's reboot could run low on battery. The world's top PC-maker more than doubled pre-tax earnings in the December quarter from a year earlier, confirming a turnaround under boss Yang Yuanqing is underway. That's mostly powered by cost cuts in the $9 billion group's handset and server units. But with demand cooling for both, a Lenovo comeback may be difficult to sustain.
Source: Global Times | 2019/2/24 17:03:39