SOURCE >> Comments

Uber labor bill reduces power imbalance, but risks straying from righteous road

A labor bill aimed at helping Uber Technologies drivers, under discussion in the ride-hailing giant's own state, risks straying from the righteous road. California wants gig-economy firms to give workers paid vacation and sick time, following similar pushes in Europe. It makes sense, but other workers outside of tech could use the same protections.
Source: Global Times | 2019/9/2 19:18:39

Azerbaijan could be transit hub for Chinese goods

Today, Azerbaijan and China cooperate in almost all areas: trade, transport, cargo transit, investment, information and communication technologies, agriculture, tourism and humanitarian cooperation. There is mutual interest and great potential for the further development of bilateral ties.
Source: Global Times | 2019/9/2 19:13:40

US foreign aid abandons moral cover amid rescission struggle

US President Donald Trump's recent plan to freeze $4 billion in foreign aid incited broad bipartisan backlash. The funding is actually unobligated, expiring balances from fiscal year 2018, and is supposed to go to the US Agency for International Development, UN peacekeeping activities, and UN humanitarian programs.
Source: Global Times | 2019/9/1 19:38:40

Johnson's Brexit maneuver, perhaps a step too far, is bringing the crisis to a head

Boris Johnson is bringing the Brexit crisis to a head. The British prime minister on Wednesday announced plans to suspend parliament for more than four weeks until October 14, making life harder for lawmakers who want to thwart his plans to leave the European Union by the end of that month. That will force those who want to prevent a chaotic “no-deal” Brexit to move quickly – and makes a contentious election more likely.
Source: Global Times | 2019/9/1 19:33:41

G7 should follow through with African aid promises

Very few people held an optimistic attitude about this year's G7 Summit except French President Emmanuel Macron, who attached an air of importance to it. Reasonably, it offers a stage for France to play a major role in the international community. To showcase France's global influence, Macron has set his sights on Africa.
Source: Global Times | 2019/9/1 19:33:41

China needs new push to become global AI leader

China needs to stay coolheaded and push for technology-based innovation amid escalating trade tensions with the US. This seems especially the case in the arena of AI, which has increasingly become a two-man contest.
Source: Global Times | 2019/8/29 20:53:40

China's two-pronged strategy to deliver win-win result

With the global economy facing the daunting challenges of a sharp slowdown and stifling trade protectionist moves from Washington, China is ratcheting up efforts to reshape its vast economy to make it more solid, rooted in modern technologies and more closely integrated with other economies.
Source: Global Times | 2019/8/29 18:18:41

Costco should maintain momentum through retail revolution, not price war

After five years of online sales, Costco has opened its first, long-overdue warehouse in the Chinese mainland. The newly opened Costco store in west Shanghai made an impressive debut on Tuesday, but it begs the question of whether the new kid on the block has enough gimmicks to keep Chinese customers coming back.
Source: Global Times | 2019/8/29 18:18:40

HK should get on technology fast track with mainland

At the end of July, Hong Kong installed 50 “smart lamp posts,” which have several features including a Bluetooth detector for traffic flow, a sensor for weather and an artificial intelligence, panoramic camera. The devices installed have triggered the concerns of some younger generations, who worry that their privacy may be invaded and monitored.
Source: Global Times | 2019/8/28 19:13:41

VW's future uncertain in wake of Piech's passing, still grappling with mixed legacy

Few legacies are either wholly good or bad. Volkswagen(VW)'s current management could be forgiven for feeling particularly ambivalent about the heritage of Ferdinand Piech, the company's former Chief Executive and Chairman who died aged 82 on Sunday.
Source: Global Times | 2019/8/28 17:18:40

Sensible 'Trump put' will be a trade deal with China

The US-China trade tensions escalated recently. US President Donald Trump announced via Twitter that the US would increase tariffs on $250 billion of Chinese imports from 25 percent to 30 percent starting October 1, and that tariffs on $300 billion of Chinese imports would increase from 10 to 15 percent, effective September 1. He even tweeted that, “American companies are hereby ordered to immediately start looking for an alternative to China.” The move caused stocks, government bond yields and commodities to fall with growing anxiety about a recession, which is against the central selling point of Trump's re-election campaign.
Source: Global Times | 2019/8/28 17:08:40

Western corporate governance outdated

Last week, a group of US business leaders, including chief executives of Apple, Pepsi, Walmart and JPMorgan Chase, held a Business Roundtable meeting before issuing a statement on “the purpose of a corporation.” To redefine the role of business in society, the statement said that a company should have a broader responsibility to society instead of caring only about shareholders' interests. The new statement was signed by more than 180 chief executive officers.
Source: Global Times | 2019/8/27 19:22:12

Chinese auto market in need of consolidation amid new emissions standards

Chinese carmakers are involved in a slow-motion wreck. Falling sales hit Geely Automobile Holdings and Great Wall Motor harder in the first half than rivals partnered with foreign marques. Both companies have stated that they are seeking joint ventures (JVs), too. A better route to recovery would be industry consolidation, and soon.
Source: Global Times | 2019/8/27 18:43:41

Could India be next victim of US exceptionalism?

Recently, a book titled The American Trap has been making a splash in media and academic circles. Originally published in French as Le Piège Américain by Frédéric Pierucci, a former executive of the French rail company Alstom, it has since been translated into multiple languages. Its popularity is due to the fact that its theme has touched sensitive chords across global business circles.
Source: Global Times | 2019/8/27 18:33:40

North Africa should look beyond differences to embrace BRI

North Africa should be considered as the next natural stage in the development of the Belt and Road Initiative (BRI).
Source: Global Times | 2019/8/26 19:53:40

India gets stuck in anti-corruption crossfire amid aggressive cleanup campaign

India is at risk of getting stuck in anti-corruption crossfire. After chasing down errant tycoons, authorities last week arrested opposition veteran and former Finance Minister, P. Chidambaram. The dramatic move, months after Prime Minister Narendra Modi's landslide win, will fuel fears of factionalism. With the economy cooling and plenty of trouble spots to tackle, this also raises concerns over the unwanted consequences of an aggressive cleanup.
Source: Global Times | 2019/8/26 19:48:40

The US needs to redefine its role in the world

What will the world be like without the US? So far no think tank has touched this topic and no one has been seriously considering it. However, it is a question which calls for attention and in-depth study. It will be a big challenge, but one that is unavoidable.
Source: Global Times | 2019/8/26 19:43:40

World needs to prepare for return to gold standard as Washington disrupts financial order

The safe-haven property of gold has fully manifested in recent weeks. Spot gold hit $1,535.11 an ounce on August 13, the highest level since 2013.
Source: Global Times | 2019/8/25 21:08:39