BUSINESS >>Insider's Eye

High oil prices, global supply issues mean that time is right for OPEC to open the taps again

OPEC is changing course. For the past year-and-a-half, the Organization of the Petroleum Exporting Countries and producers like Russia have diligently stuck to agreed oil supply cuts. Now Russia and ...
Source: Global Times | 2018/5/28 20:23:39

Reinventing monetary wheel won't fix sick economies

Slumps have always been boom times for monetary experiments, and the economic collapse of 2008-2009 was no different. Underlying this recurrence is the instinctive feeling that economic calamities must have ...
Source: Global Times | 2018/5/27 20:08:42

US claim that Section 232 auto probe is based on national security is clearly absurd

The White House is threatening the automotive industry with a scorched-earth gambit. President Donald Trump on Wednesday asked Commerce Secretary Wilbur Ross to consider a so-called Section 232 investigation on ...
Source: Global Times | 2018/5/27 20:08:39

Rollback of Dodd-Frank financial rules doesn't signal return to previous banking era

The first significant adjustment to post-crisis US financial regulation, passed on Tuesday, is not going to unleash financial Gomorrah. Big banks will barely notice the difference. And even if the ...
Source: Global Times | 2018/5/24 21:08:40

US decision on Iran is not all bad news for China

On May 8, US President Donald Trump announced that the US would pull out of the Iran nuclear deal. The decision means that sanctions against Iran will be resumed, including ...
Source: Global Times | 2018/5/24 21:08:40

US must amend its currency policy to ease deficit

Vice Premier Liu He has returned to Beijing following trade talks in the US, and the US will send a high-level team to Beijing for further discussions next week. The ...
Source: Global Times | 2018/5/23 21:38:40

Kai-fu Lee's new AI consultancy sounds promising but competition in the field is growing fast

Kai-fu Lee's venture capital firm Sinovation Ventures on Tuesday announced a new artificial intelligence (AI) subsidiary. But the former Google China president's new offshoot, essentially a business model innovation that ...
Source: Global Times | 2018/5/23 21:33:41

Regulatory upgrade needed to deal with financial risks

Since the 19th National Congress of the Communist Party of China (CPC) last year, the pace of opening-up in China's financial sector has been even more rapid. On Saturday and ...
Source: Global Times | 2018/5/22 21:53:41

Royal wedding a costly affair but tourism bonus for UK makes it worth every penny

Britain's costly royal wedding was worth every penny. The marriage of Prince Harry to Meghan Markle on Saturday could leave taxpayers out of pocket by more than 30 million pounds ...
Source: Global Times | 2018/5/22 21:53:40

Where does confidence in China's manufacturing come from?

After the ZTE incident, many people in China have begun to question the level of the nation's manufacturing. Some of these people formerly thought highly of it. How can we ...
Source: Global Times | 2018/5/21 22:08:40

Closing gender gap will take decades unless tech firms set bold recruitment targets

About one in three employees at Google, Facebook and Apple is a woman. That's an imbalance that tech sector executives Sheryl Sandberg and Tim Cook say they want to change. ...
Source: Global Times | 2018/5/21 22:03:39

Blockchain offers new gateway for China's progress

There are massive opportunities for blockchain technology in emerging economies, especially China, where there are serious thoughts about integrating blockchain into the increasingly innovation-oriented economy.
Source: Global Times | 2018/5/20 20:48:41

Chinese airlines ready to embark on long-haul price war with international rivals

Chinese airlines are ready to rumble. Having freed local carriers to hike fees at home, the government will now let them compete on long-haul routes to overseas destinations. A price ...
Source: Global Times | 2018/5/20 20:48:39

Investors should not be fooled by ICO scams

Initial coin offerings (ICOs) have become the most common way to finance cryptocurrency ventures, of which there are now nearly 1,600 and rising. In exchange for your dollars, pounds, euros, ...
Source: Global Times | 2018/5/17 21:33:40

Gambling firms rub hands as lifting of US ban on sports betting offers huge market

Get ready to gamble: US sports betting is going legit. The Supreme Court on Monday ruled that the feds can't stop states legalizing wagers on basketball and other games, ending ...
Source: Global Times | 2018/5/17 21:28:40

Vodafone CEO leaves on a high, but successor faces tough task to make Liberty Global deal work

Vodafone's departing chief executive, Vittorio Colao, is leaving a tough job for his successor Nick Read. A disciplined approach to acquisitions and investment has helped the mobile group beat peers' ...
Source: Global Times | 2018/5/16 22:23:40

Globalization, B&R provide impetus for Arab nations

As the world tries to understand the 21st century's geopolitical challenges, Arab countries are finding themselves at a crossroads when finding ways to make their economies more sustainable by targeting ...
Source: Global Times | 2018/5/16 22:13:40

Silver Lake ready to bet on UK property search firm but cooling market brings risk

Zoopla has enticed a new twist on a classic UK property punt. Silver Lake on Friday offered $3 billion for ZPG, owner of the property search firm. The US buyout ...
Source: Global Times | 2018/5/15 21:48:40