BUSINESS >>Insider's Eye

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

WTO ought to be defended from unilateralism

Since World War II's end, trade has grown 50 percent faster than global GDP, owing largely to successive rounds of liberalization under the auspices of the World Trade Organization (previously ...
Source: Global Times | 2018/10/18 18:48:40

When it comes to online video, Netflix has scale of Walmart and pricing power of Tiffany

Netflix has managed to pull off the double axel of retail. The $145 billion streaming-video company has both the scale of shopping giant Walmart and the pricing power of luxury-jewelry ...
Source: Global Times | 2018/10/18 18:33:40

BOA punches above Wells Fargo's weight as bosses work to put banks' past behind them

Bank of America (BOA) is punching above Wells Fargo's weight. The Charlotte-based bank earned $6.7 billion for its common shareholders in the third quarter, or an 11 percent annualized return ...
Source: Global Times | 2018/10/17 19:13:40