BUSINESS >>Insider's Eye

Bitcoin going through rocky period at end of first decade but still has its believers

Bitcoin's short history is a triumph of hope over experience. The digital money is marking its first decade with a punishing slump. Fraud and regulatory zeal have dried up the ...
Source: Global Times | 2018/11/4 19:48:39

Asia needs new regional safeguard mechanisms

The past two years saw the US pull out of various international organizations and provoke trade disputes with major trade partners, indicating the continuous collapse of global order.
Source: Global Times | 2018/11/1 22:08:40

Facebook should avoid dodgy deals as it searches for new ways to prop up growth

Facebook is heading into an earnings pincer movement. Sales growth at the $410 billion social-media network slowed in the third quarter, the company said on Tuesday. Combating that and other ...
Source: Global Times | 2018/11/1 20:08:40

RBS caught in the middle of a political game as different sides wrangle over its Brexit warning

RBS is still finding its state embrace uncomfortable. In the decade since the UK lender wound up with a majority government stake it has been dragged over the coals for ...
Source: Global Times | 2018/10/31 20:13:40

Investor psychology was main reason for 2008 crisis

The 2008 financial crisis and subsequent recession left the Global North 10 percent poorer than it otherwise would have been, based on 2005 forecasts. For those hoping to understand this ...
Source: Global Times | 2018/10/30 19:03:41

UBS focusing on cost control to boost profitability amid concerns over slow growth

The recent departure of UBS' key rainmaker Andrea Orcel may have left some observers convinced that boss Sergio Ermotti now has an alluring opportunity to shrink the investment bank in ...
Source: Global Times | 2018/10/30 19:03:40

China-Belgium cooperation to bring geothermal boost

China and the EU have been making joint efforts to boost the transition toward clean energy. With further cooperation and research, it is expected that renewable energy will become competitive ...
Source: Global Times | 2018/10/29 19:53:39

Advertising offers handy revenue bonus for Amazon without the associated pitfalls

Amazon's ad initiative is proving useful. The company's third-quarter sales mainly pertaining to advertising – the “other” category, officially – soared. As a challenger to Facebook and Alphabet, both mired ...
Source: Global Times | 2018/10/29 19:48:40

Commercialization key for China's AI strength

China's passionate pursuit of technology- and innovation-driven development has the country on the lookout for emerging tech trends. In a remarkable sign, artificial intelligence (AI) has over the past few ...
Source: Global Times | 2018/10/28 19:13:40

With sales of Model 3, Musk charges Tesla's battery and drives company into the black

Tesla is back on the road, with its battery charged at least one-quarter full. The delayed ramp-up of its Model 3 revved up the electric-car maker's latest sales and drove ...
Source: Global Times | 2018/10/28 19:13:39

Winner of record lottery in the US will have luck to thank, but so do Silicon Valley titans

The Mega Millions lottery jackpot, available in 44 US states, the District of Columbia and the US Virgin Islands, has reached a record $1.6 billion. A successful punter or several ...
Source: Global Times | 2018/10/25 19:58:41

China's reforms transform bad leverage into good

Given external impacts and economic downward pressure, the Chinese economy needs to decisively shift to stabilizing leverage from deleveraging next year.
Source: Global Times | 2018/10/25 19:58:41

The big blockchain lie exposed as bubble bursts

With the value of Bitcoin having fallen by around 70 percent since its peak late last year, the mother of all bubbles has now gone bust. More generally, cryptocurrencies have ...
Source: Global Times | 2018/10/24 19:58:41

KKR's $7.1 billion splurge on supplier throws auto industry shareholders into a spin

KKR's $7.1 billion splurge on a Fiat Chrysler-owned supplier is sending auto industry valuations into a spin. The buyout group is paying 16 times next year's earnings for Magneti Marelli, ...
Source: Global Times | 2018/10/24 19:58:40

UK and EU edge closer to the abyss as the two sides remain stuck at Brexit impasse

Only the threat of chaos might break the Brexit deadlock. With just over five months to go until Britain formally leaves the European Union, talks over its departure have reached ...
Source: Global Times | 2018/10/23 18:48:41

Italy's budget gamble is already backfiring as promises to boost spending spark clash with EU

Italy's government is trying a risky gamble. Its promise to boost spending has triggered a clash with the European Commission. Lengthy procedures mean the spat could drag on until European ...
Source: Global Times | 2018/10/22 19:08:39

Supply chains become next competitive advantage

Western countries have been excited, though hesitant, to embrace a new drive from China with an Asian perspective on the global economy and integrated communities into one shared destiny.
Source: Global Times | 2018/10/21 18:28:39

Despite bickering, financial ties and mutual dependence make Apple and Google forced friends

Apple founder Steve Jobs once wanted “to go to thermonuclear war” against Google for – he said – copying the software that powers the iPhone. Now his company and Alphabet, ...
Source: Global Times | 2018/10/21 18:23:40