EconomyWeb | Global Economic Outlook
Brexit: Emmanuel Macron 'not sure' of UK-EU trade deal by end of year
February 23, 2020
The French president's doubts come as the UK government is set to publish its demands.
Business Headlines

Business World
Shifting sands of inflation unsettle top bankers at Riyadh G20 meeting
February 23, 2020
Central bankers from the United States, Japan and the euro zone meeting in the desert kingdom of Saudi Arabia this weekend had their own shifting sands to cross – those of elusive inflation.
Newly-banned Thai opposition party says junta helped 1MDB cover-up
February 23, 2020
A banned Thai opposition party on Sunday accused the former military junta of helping cover up Malaysia's multi-billion-dollar 1MDB scandal, urging Thais to demand the truth ahead of a censure debate against Prime Minister Prayuth Chan-ocha.
Hughes fears Indian closure, bank disruptions over unpaid fees
February 23, 2020
U.S. satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the government, which could put thousands of banking services at risk, a company letter seen by Reuters showed.
TurboTax maker Intuit nears agreement to buy Credit Karma for $7 billion: WSJ
February 23, 2020
Intuit Inc is nearing an agreement to buy financial technology portal Credit Karma Inc for about $7 billion, the Wall Street Journal reported.
Samsung Electronics confirms coronavirus case at phone factory complex in South Korea
February 22, 2020
Samsung Electronics said on Saturday that one coronavirus case had been confirmed at its mobile device factory complex in the southeastern city of Gumi, causing a shutdown of its entire facility there until Monday morning.
Buffett defends Berkshire stock push, reassures on future as profit smashes record
February 22, 2020
Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company.
Rising stocks fuel record profit for Buffett's Berkshire; operating profit disappoints
February 22, 2020
Warren Buffett's Berkshire Hathaway Inc on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its old record for full-year earnings.
Buffett calls for more accountability for corporate directors
February 22, 2020
Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock.
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Mexico prevented a worse trade deal with US, but American firms will still benefit – journalist to Max Keiser
February 22, 2020
Preview The recently signed United States-Mexico-Canada Agreement (USMCA) to replace the old NAFTA deal privileges the American economy and corporations, professor and journalist John Ackerman has told RT’s Keiser Report.
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China could expand its solar industry by 50% in 2020
February 22, 2020
Preview Despite the coronavirus epidemic ripping through various sectors of the Chinese economy, including the solar industry, Beijing may still significantly boost the number of solar installations this year.
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Boeing buys parts for its spacecraft from private Russian firm
February 22, 2020
Preview A private company based in the Russian city of Voronezh produces units for Boeing’s Starliner that will allow the spacecraft to get power when docked to the International Space Spaction (ISS).
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Company News
International Business
Inside The Wall Street Journal, Tensions Rise Over ‘Sick Man’ China Headline
February 23, 2020
After China announced the expulsion of three of the paper’s journalists, 53 reporters and editors at The Journal asked top executives to consider changing the headline and apologizing.
How a Neighbors’ Feud in Paradise Launched an International Rape Case
February 23, 2020
The fashion executive Peter Nygard has clashed for years with his neighbor in the Bahamas, the billionaire Louis Bacon. The latest development is a lawsuit saying Mr. Nygard sexually exploited teenage girls.
Digital Edits, a Paid Army: Bloomberg Is ‘Destroying Norms’ on Social Media
February 23, 2020
His campaign is testing the boundaries of what platforms like Twitter and Facebook allow in politics. They’re having trouble coming up with an answer.
Greyhound to Stop Allowing Border Patrol Agents on Its Buses Without Warrants
February 22, 2020
The bus company announced the policy change only days after a leaked memo revealed that agents could not board without consent.
Warren Buffett Praises Performance, but Offers No Surprises in Annual Letter
February 22, 2020
The Berkshire Hathaway chief noted the steady money making of the conglomerate, but gave no insight into succession or other hot topics.
Digital Tax Fight Emerges as Global Economic Threat
February 22, 2020
European finance ministers, meeting at the G20 in Riyadh, are pushing the United States for a global tax deal as a year-end deadline looms.
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BUSINESS • Analysis
2020 Chevrolet Corvette: 5 unique features of the mid-engine supercar
February 22, 2020
In addition to improving the performance of the vehicle and moving the engine from the front to behind the driver, General Motors added a lot of new and unique features for drivers.
Project Blackjack: GM's top-secret redesign of its mid-engine Corvette was disguised in an Australian pickup truck
February 22, 2020
Most notably, the eighth-generation Corvette started its life as an Australian-made pickup called the Holden Ute, codenamed internally as "Blackjack."
Boeing to expand 737 Max inspections, sources say
February 22, 2020
Teams looking in the fuel tanks of brand new Boeing 737 Max planes for foreign object debris will expand their inspections, sources familiar with the checks told CNBC on Friday.

Business Trends
NBCUniversal reportedly close to acquiring Walmart’s Vudu video service
February 21, 2020

NBCUniversal is in advanced talks to acquire Vudu, the Walmart-owned video service, according to The Wall Street Journal. Though the talks “may not result in a deal,” it sounds like NBCUniversal — part of Comcast, an investor in The Verge’s parent company Vox Media — has a number of ideas for what it would do with Vudu.

“Vudu’s ad-supported service would serve as a complement to Peacock,” which is NBCUniversal’s upcoming, standalone streaming service, according to the Journal. Meanwhile, the digital movie rentals and purchases business would be tied into Fandango. (Did you know the app you might often buy movie tickets with is owned by Comcast? Now you do.) Fandango also operates its own FandangoNOW streaming service, but it doesn’t...

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All the ways China’s coronavirus outbreak is affecting tech
February 21, 2020
CHINA NANJING APPLE STORE SHUTDOWN Image: Feature China / Barcroft Media via Getty Images

The tech sector is currently feeling the impact of the coronavirus, with companies closing offices, stores, and factories in China as well as restricting employees from nonessential travels to the country. The closures, which were initially expected to last through the Lunar New Year holiday week in late January, were soon extended to February 10th. Officials in some provinces and districts are now telling companies not to reopen until March 1st.

Multitudes of short- and long-term effects are anticipated, from postponed events to companies potentially missing a holiday launch target due to the nationwide office closures. Here’s a look at how the coronavirus has already affected the industry.

Store closures

Earlier this month, major tech...

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Google is cracking down on Android apps that track your location in the background
February 21, 2020
Illustration by Alex Castro / The Verge

Google is placing new restrictions on which Android apps can track your location in the background, with a new review process that will check whether an app definitely needs access to the data. The changes were announced in a blog post to Android developers earlier this week. Google says that from August 3rd all new Google Play apps that ask for background access will need to pass review, expanding to all existing apps on November 3rd.

Although location tracking is an essential feature for many apps and services, it can be pretty invasive when apps indiscriminately ask for location access. Background tracking is even worse, because it means that you might be completely unaware of which apps on your phone are tracking you at any moment in...

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Do Airline Passengers Have The Right To Recline?
February 23, 2020
To recline or not to recline? That is the question. To rephrase the famous line from Shakespeare’s Hamlet to fit a more modern dilemma: do airplane passengers have the right to recline—or not?
Microsoft Wants To Secure Your iPhone, How Do You Feel About That?
February 23, 2020
Microsoft will reveal details of how it will bring its own security solution to iOS at the RSA conference this week

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BUSINESS • Insight
A 2040 vision for the US power industry: Evaluating two decarbonization scenarios
To get a sense of how far and how fast the United States is likely to reduce power-sector emissions, watch PJM, the country’s largest system.
Business Perspective
Defining Radical Candor – and How to Do It
February 18, 2020
Kim Scott, a cofounder of the executive coaching firm Radical Candor, says that too many managers give meaningless positive feedback, while many others are highly critical without showing any understanding. Scott, who previously worked at Google and has consulted for Twitter and Dropbox, says leaders should learn to give honest feedback in the moment, while also developing a relationship that shows how the hard feedback is coming from a place of caring. She explains the steps managers can take to challenge more directly while also communicating empathy. Scott is the author of the book "Radical Candor: Be a Kick-Ass Boss Without Losing Your Humanity."
Consumer Insights
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BUSINESS • Outlook
Debris Found in Fuel Tanks of 70% of Inspected Boeing 737 Max Jets
February 22, 2020
Boeing temporarily halted production last month after crashes that killed 346 people
Business Insight
The Best of This Week
February 21, 2020
The New Kids on the (Disruption) Block Today, major direct-to-consumer companies (think Warby Parker, Dollar Shave Club, and Casper) have evolved the disruption playbook — entering the market with products and services that are cheap, convenient, and high quality. This combination of “just as good” with new digital technologies is making it harder than ever […]
Managing in the Location-Tracking Era
February 20, 2020
Shifting business operations to the cloud makes workplaces, assets, and people more connected than ever. That brings a host of changes, one of which will deliver a profound shift in how organizations operate: real-time locating systems (RTLS). Managers will be in a position to pinpoint the precise whereabouts of just about all their assets, down […]
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