BUSINESS >>Insider's Eye

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

Chinese initiative to support Africa's development

At the 2018 Forum on China-Africa Cooperation (FOCAC) in Beijing, China announced that it will launch eight major initiatives, including a trade facilitation initiative to push forward China-Africa economic and ...
Source: Global Times | 2018/10/17 19:08:40

Markets are finally getting back to basics as blind faith gives way to facts on the ground

Blind faith in US stocks may be giving way to the facts on the ground. A slump overnight slowed on Thursday, partly thanks to a tame US inflation report. Yet ...
Source: Global Times | 2018/10/16 18:53:40

Trust needed among countries to work together to fight cybercrime across borders

Cybercrime might sound intangible, but the losses incurred from cybercriminal activities are easily felt. In 2017, cybercrime cost businesses worldwide $1 trillion, and the figure is projected to grow to ...
Source: Global Times | 2018/10/15 20:43:41

'America First' can't trump the pursuit of profit

At a moment when the US-China trade war continues to escalate, the US is using every possible method against China. Aside from wielding the tariff stick, the US now is ...
Source: Global Times | 2018/10/15 20:28:39

Renewable energy can bring China, Mongolia closer

China needs to seize the opportunities presented by Mongolia's push for renewable energy resources. As China shares a border with the southern part of Mongolia, which abounds in wind and ...
Source: Global Times | 2018/10/14 18:38:39

BMW aiming for first-mover benefits by taking advantage of China's new JV rules

BMW has drafted a Chinese JV owner manual for its rivals. The luxury carmaker says it will pay $4.2 billion to take control of its venture with Brilliance China Automotive, ...
Source: Global Times | 2018/10/14 18:18:39

PBC's RRR cut right move in current economic situation

China recently decided to cut the reserve requirement ratio (RRR) by 100 basis points, which will take effect on Monday. This is the fourth time this year the People's Bank ...
Source: Global Times | 2018/10/11 19:53:41

SoftBank boss showing belief in WeWork but massive investment might not pay off

SoftBank is in danger of over-WeWorking itself. The Japanese group may invest up to $20 billion for a majority stake in the office-sharing outfit, the Wall Street Journal reported. Such ...
Source: Global Times | 2018/10/11 19:53:40

China must focus on its own priorities amid trade row

The Chinese stock market has suffered heavy losses this year. During the Ambrosetti Forum in Italy last month, Zhou Xiaochuan, former governor of the People's Bank of China, said that ...
Source: Global Times | 2018/10/10 21:58:42

Unilever climbdown over relocation shows investors' power when they join forces

A confident leader calls a vote to resolve a long-running debate. However, his campaign lacks punch. A growing number of voters declare their dissent. As the ballot approaches, the result ...
Source: Global Times | 2018/10/10 19:28:40

Will China's move to cut tariffs prompt US rethink?

China's central government, unfazed by the escalating trade war launched by the US, seems determined to open the country wider to other economies in the world so that they can ...
Source: Global Times | 2018/10/9 20:08:39