Headlines

Americas

California pushes on with plans to reduce greenhouse gas emissions

LA’s trading floor VOTING to extend California’s cap-and-trade programme an extra decade to 2030 was a tough decision for Devon Mathis, a Republican assemblyman who represents a large swathe of the state’s fertile Central Valley. Though once embraced by Ronald Reagan, George H.W. Bush and George W. Bush, cap-and-trade schemes have come to...

The voter-fraud commission relies on some really dodgy studies

“SPRECHEN Sie Deutsch?” asks Kris Kobach. Sitting at his office desk surrounded by family photos of his wife and five daughters, the Kansas secretary of state explains (in German) that he picked up the language when conducting research on the influence of referendums on Switzerland’s political system for a thesis at Britain’s Oxford University...

Forty mayors go back to school

“I LITERALLY went home every night for the first three months and said, “Oh, my God, what have I gotten myself into?’,” Boston’s mayor, Marty Walsh, recently told the Boston Globe. Jorge Elorza, Providence’s mayor, remembers sitting in his office after he was sworn in and wondering “how do we begin?” Many mayors are skilled campaigners,...

Presidential lethargy, not Democratic obstinacy, is to blame

IT IS almost as if Republicans did not control both Congress and the White House. President Donald Trump has struggled to carry out one of his basic duties, which is to fill government posts. The president blames supposedly obstinate Senate Democrats, against whom he regularly rages on Twitter. “Dems are taking forever to approve my people, including...

The ideology behind Republicans’ health-care bill

Oath keepers in the Senate REPUBLICANS presented their efforts to overhaul the Affordable Care Act, which flopped this week, as a necessary response to a failing law. They frequently say the individual market, in which those who do not get health insurance through their employers can buy it for themselves, is collapsing. Premiums rose by an average...

Asia Pacific

South Korea: Making up for lost time

After the impeachment of South Korea’s former president, Park Geun-hye, amid a far-reaching corruption scandal, the country was ready for change. South Korea’s new liberal president, Moon Jae-in, appears set to take on that challenge. Campaigning on a policy platform of job creation, corporate governance and labour market reforms, as well as promises...

Alibaba acquires majority stake In Indian ticketing startup TicketNew

Alibaba Pictures, the entertainment unit of China’s ecommerce major Alibaba Group, has acquired a majority stake in Chennai-based TicketNew for an undisclosed amount. Post-acquisition, Alibaba will have four representatives on TicketNew’s board and the firm’s promoters will have two of their representatives. TicketNew founder and CEO Ramkumar...

NIO unveils production vehicle for China Market

NIO unveiled new production vehicle, the NIO ES8, a 7-seater high-performance electric SUV for the China market - NIO ES8’s official launch will take place at the end of this year, with deliveries expected to begin next year - NIO to begin taking pre-orders of its flagship supercar, the NIO EP9, priced at 1.48 million USD - 11 Cars: NIO showcased...

X-ELIO closes the financing process for two new photovoltaic plants in Japan

The group achieves the necessary funds for the start-up of two new solar parks in Japan: Tsurusu and Shiroishi.Both PV power stations will be located at Miyagi Prefecture. Tsurusu Park will have a capacity of 38 MW and Shiroishi will reach 28 MW.The plants are expected to start producing energy in the second half of 2018.With both parks, the X-ELIO...

Hindalco raises ₹3,350 crore via QIP

Hindalco Industries, an Aditya Birla group company, has raised ₹3,350 crore through issue of shares under qualified institutional placement, largely to pay back high-cost debt and invest in value-added aluminium and copper products. The capital-raising committee of the company’s board met here on Thursday and approved the proposal to allot 17.68...

Europe

Cyber threat to professionals at all time high

Professional firms, particularly those handling money for mortgage lenders, are increasingly at risk of high-level cyber-attacks, according to leading experts in the field of law, finance and mortgage lending. Speaking at the Mortgage Tech UK conference yesterday morning (27th June) Georgina Squire, Partner at solicitors Rosling King, warned professionals...

Drooms continues to expand into new markets

European market leader for virtual data rooms continues to grow its business abroadCorporate finance and M&A team subject to international expansion Drooms, the leading provider of Virtual Data Rooms in Europe, is steam rolling ahead with its plans to continue expanding. Chris Beckmann (54) and Martin Alamri (42) joined the company in spring this year,...

British brand values take Brexit beating

Britain’s most valuable brands decline by an average of 6%Devaluation of the pound in the wake of Brexit is the primary causeSudden loss of value exposes iconic brands to foreign takeoversShell, Britain’s most valuable brand, has weathered the trend and is up 16%Lynx is Britain’s fastest growing brand after ditching ‘The Lynx Effect’ branding Every...

Hugh Dorins to lead SIA Group Property Services Division

SIA Group is uniquely placed to offer Asset Based Lenders, Financial Sponsors and Restructuring Practitioners a fully independent, in-house, multi-asset, turn key solution.    Leading independent asset valuation, advisory and disposal business, SIA Group, has appointed Hugh Dorins to lead its new Property Services Division, which will...

SIA Group opens Southampton office

SIA Group, a leading asset valuation, asset advisory and asset disposal business has announced the opening of a Southampton office further expanding its operations across the UK. The office located at Enterprise House, Ocean Village, Southampton SO14 3XB will be staffed by an initial four strong local team of asset valuation,advisory and disposal...

Mena

E.U. Court Urged to Punish Hungary and Slovakia for Resisting Migrant Plan

BRUSSELS — A top European Union legal adviser denounced Hungary and Slovakia on Wednesday for refusing to participate in a plan devised in 2015 to relocate migrants from Greece and Italy as the migration crisis reached its height.The legal adviser, Yves Bot, an advocate general for the Court of Justice of the European Union, blamed Hungary and Slovakia...

Keith Baird, Linguist Who Fought the Use of ‘Negro,’ Dies at 94

Keith Baird, a linguist from Barbados who rose to prominence in the 1960s arguing persuasively against the use of the word Negro and in favor of the term Afro-American, died on July 13 in Atlanta. He was 94.His daughter Marcia Baird Burris said the cause was myelodysplastic syndromes, a group of bone-marrow disorders.Mr. Baird was a teacher and administrator...

Q. & A.: Tell Us 5 Things About Your Book: ‘Affluence Without Abundance’

The mantra of the 21st century might be that the world is interconnected everywhere, but the anthropologist James Suzman knows better. For more than two decades, Suzman has researched and gotten to know various groups of Bushmen throughout southern Africa. In “Affluence Without Abundance,” he writes of what he’s learned about these hunter-gatherers...

Scientists Report a Rare Case of H.I.V. Remission

For the third time in recent years, a child born with H.I.V. has been found free of the virus for a long period after a high dose of treatment early in life.The discovery has raised anew the hope that early treatment, in some cases, may allow an infected person’s immune system to defeat the virus. But proof has remained elusive, and there have been...

When Will Kabila Go? Congolese Leader Long Overstays His Welcome

KINSHASA, Democratic Republic of Congo — In Congo, they are calling it “le glissement.”The term, meaning “the slide” in French, describes the prospect of elections slipping away as President Joseph Kabila maneuvers to extend his 16-year rule, which has given him and his coterie vast riches but done little for most ordinary citizens.The deeply...

International

Accord Project's Consortium Launching First Legal 'Smart Contracts' With Hyperledger

Partnering with the Linux Foundation’s Hyperledger and supported by law firms in the US, Canada and the UK, the Accord Project has launched an initiative to shake up the legal contracting world in what is described as an “industry first” using blockchain, distributed ledgers and smart contracts.Read More

The SEC Ruling Should Be Positive, Not Negative For Bitcoin, Ethereum, And Litecoin

The slow-down of ICOs will limit the supply of digital currencies at a time when they are gaining traction as a medium for exchange. That’s certainly bullish, not bearish, for such existing digital currencies.Read More

Earnings Preview: What To Expect From Twitter On Thursday

Twitter is expected to earn $0.05/share on $536.65 million in revenue. Meanwhile, the so-called Whisper number is $0.09.Read More

The Jewel in the Crown: Why India Continue to Outperform Global Markets?

The Indian Rupee (INR) and Indian Equities continue to attract strong capital inflows as India’s economic and political stability and reform momentum are being well received by foreign and domestic investors. Is there still upward pressure?Read More

Western Digital Earnings Preview: Margins To Improve Due To SanDisk's Flash Products

Western Digital is scheduled to announce its fiscal fourth quarter 2017 earnings on July 27. At the end of the quarter ended March, Western Digital gave positive guidance for the fiscal fourth quarter with the addition of SanDisk expected to boost revenues for the hard drive manufacturer.Read More