BUSINESS >>Insider's Eye

China has big plans for its Greater Bay Area

The Chinese government plans to transform the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) into an economic powerhouse that will drive innovation and GDP growth in the region. Taking its inspiration ...
Source: Global Times | 2019/8/4 19:08:39

Lloyds' PPI tragicomedy has suitably shambolic end with a slap in shareholders' faces

The UK's largest domestic-focused bank on Wednesday revised down full-year returns on tangible equity (ROTE) after it posted a 7 percent decline in first-half pre-tax profits due to higher than ...
Source: Global Times | 2019/8/4 19:03:40

India's richest man closes in on Jeff Bezos as Jio leads a connectivity revolution

Few thought it was possible, but billionaire Mukesh Ambani's Reliance Jio has successfully upended the Indian telecoms industry. Barely three years after its launch, the upstart has now displaced Vodafone ...
Source: Global Times | 2019/8/1 20:13:40

Complemetary China-US agricultural trade calls for cooperation

The 12th round of China-US trade consultations was held in Shanghai on Tuesday and Wednesday. The two sides conducted in-depth exchanges in line with the consensus reached by the leaders ...
Source: Global Times | 2019/8/1 20:08:40

China rebuilds farming supply chain amid trade war

Last week, China's General Administration of Customs announced it had approved soybean imports from all parts of Russia and wheat imports from the Kurgan region of Russia.
Source: Global Times | 2019/7/31 17:58:41

Only taxes can close aviation's carbon gap as move to biofuel is an unrealistic outcome

Aviation's dreams of a green future rest on second-hand cooking oil and wishful thinking. By 2050, the industry wants to halve net CO2 emissions from 2005 levels, even though traffic ...
Source: Global Times | 2019/7/31 17:58:40

Broader, fuzzier new Vision Fund will test SoftBank leader's ability to stay focused

SoftBank's new megafund, officially unveiled on Friday, is a fuzzier affair than its predecessor. Vision Fund 2 aspires to bring $108 billion of capital to disruptive and potentially market-reshaping technologies ...
Source: Global Times | 2019/7/30 22:03:41

Alibaba set to benefit US SMEs, ease trade tensions

In early 2017, Alibaba's founder Jack Ma promised to create one million jobs in the US when he met the US President Donald Trump. That promise has been severely tested ...
Source: Global Times | 2019/7/30 22:03:40

Colombian President seeks to promote technological exchanges during Shanghai visit

China and Colombia should strengthen exchanges in the innovation field, which is expected to give a boost to economic development, Colombian President Ivan Duque Marquez said in Shanghai on Monday ...
Source: Global Times | 2019/7/29 21:23:40

California's car-emissions pact with four automakers cuts through DC smog

A pact on pollution between California and four of the world's top automakers has cut through the smog from Washington. US' largest state by population and economic output on Thursday ...
Source: Global Times | 2019/7/29 18:13:39

ECB under pressure to lower interest rates

The most important economic release for many global investors last week was the European Central Bank's (ECB) interest rate decision. And the downbeat narrative provided by ECB policymakers, along with ...
Source: Global Times | 2019/7/29 18:03:39

No James Bond to rescue Aston Martin, carmaker struggles as demand falls

If only James Bond could rescue Aston Martin. The British maker of 007's legendary sports car is struggling. With the future of the automotive industry in flux, once-reliable buyers of ...
Source: Global Times | 2019/7/28 17:34:32

New China-Japan cooperation models build tech strength

The escalating trade row between Japan and South Korea seems unlikely to be resolved in the short term. Although China is not involved in their dispute, there is still something ...
Source: Global Times | 2019/7/28 17:34:32

New UK leader faces the same old challenges, decisions may drag economy into recession

Though the UK is going to have Boris Johnson as its new prime minister, old problems still linger on the path to ending the long and drawn-out Brexit chaos by ...
Source: Global Times | 2019/7/25 20:18:40

Indonesian high-speed rail serves as BRI enlightener

The delayed rail linking Jakarta and Bandung, a landmark project along the sea route part of the China-proposed Belt and Road Initiative (BRI), could well enlighten the minds of other ...
Source: Global Times | 2019/7/25 20:08:40

Misfiring UBS traders are only part of the problem, more trouble in the future

A misfiring investment bank could be the least of Sergio Ermotti's problems. The UBS chief executive on Tuesday also reported a drop in wealth-management profit during the second quarter. Overall, ...
Source: Global Times | 2019/7/24 18:18:40

Will Macao become an international financial center?

On July 4, the central government issued government bonds worth two billion yuan ($291 million) in the Macao Special Administrative Region (SAR), marking the first yuan-denominated government bonds in the ...
Source: Global Times | 2019/7/24 18:08:40

STAR Market set to become new incubator of Chinese technology innovation

China's new NASDAQ-style tech board, the STAR Market, which started trading on Monday, is expected to become a new catalyst of the country's science and technology innovation. Meanwhile, China's capital ...
Source: Xinhua | 2019/7/23 20:58:40