EconomyWeb | Global Economic Outlook
WhatsApp to raise minimum age limit to 16 in EU
April 24, 2018
The messaging app is changing its rules ahead of the introduction of new data privacy regulations in May.
Business Headlines
Business World
Asian shares spooked by rising U.S. yields, cost worries
April 25, 2018
TOKYO (Reuters) - Asian shares were under pressure on Wednesday, with a rise in U.S. bond yields above the 3 percent threshold and warnings from bellwether U.S. companies of higher costs driving fears that corporate earnings growth may peak soon.
Shire says willing to recommend Takeda's $64 billion offer to shareholders
April 25, 2018
LONDON/NEW YORK (Reuters) - London-listed drugmaker Shire Plc said it was willing to recommend a deal with Takeda Pharmaceutical Co to its shareholders, after the Japanese company sweetened its acquisition offer to 46 billion pounds ($64 billion).
GM, South Korea in talks to raise investment plan from $2.8 billion: source
April 25, 2018
SEOUL (Reuters) - General Motors and South Korea are in talks to increase the size of their investment in the U.S. automaker's local unit from a previously proposed $2.8 billion, a senior government source with direct knowledge of the matter said on Wednesday.
Apple shares drop on more warnings from iPhone supply chain
April 24, 2018
SAN FRANCISCO (Reuters) - Shares of Apple Inc dropped nearly 2 percent on Tuesday as investors worries intensified about soft demand for iPhones after a warning from a company that supplies components for smartphones.
DoubleLine's Gundlach says U.S. Treasuries 'not attractive'
April 24, 2018
NEW YORK (Reuters) - Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were "not attractive" even though the 10-year yield <US10YT=RR>, a benchmark for global borrowing costs, crossed the critical 3 percent threshold earlier in the day.
Trump says NAFTA talks going 'nicely,' Canada sees progress on auto rules
April 24, 2018
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday a new North American Free Trade Agreement could be agreed on quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord.
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Gucci Has Done So Well, Its Finance Chief Is Tamping Down Expectations
April 24, 2018
Gucci continued to ring up sales in its latest quarter on the strength of its name in the U.S. Sales in North America led the way, rising 64%, Kering, Gucci’s corporate parent, said.
China Ride-Hailing Giant Didi in IPO Talks, Likely Beating Uber to Market
April 24, 2018
China’s Didi Chuxing Technology is holding discussions about a multibillion-dollar initial public offering as early as this year, a move that would vault the ride-hailing company into the public markets ahead of American rival Uber.
Company News
Business Highlights
Problems piling up for Apple as demand for iPhone X declines
April 24, 2018
Preview Shares in Austrian-based producer AMS, whose sensor technology helps power Apple's iPhone X facial-recognition feature, plunged 14 percent as analysts warn about weakening demand.
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International Business
3 Gadgets You Didn’t Know You Needed, but Are Worth Buying
April 25, 2018
If you don’t have one of these — or you’ve waited until the options were good enough before investing — now is the time to buy.
Mulvaney, Watchdog Agency’s Leader, Advises Bankers on Ways to Curtail It
April 25, 2018
Mick Mulvaney, acting director of the bureau, also described the two types of people he was most responsive to as a lawmaker: constituents and the lobbyists who contributed to his campaign.
Grumpy Investors Can’t Find Anything to Look Forward To
April 25, 2018
A combination of disappointing corporate earnings and early signs that inflation could be accelerating pushed stock markets lower.
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BUSINESS • Analysis
Volvo Cars CEO on US-China trade tariffs: 'We are very worried'
April 25, 2018
Without open trade, prices for consumers could rise, Volvo Cars CEO Hakan Samuelsson said.
Delivery boom is changing everything about the restaurant business
April 24, 2018
The restaurant business in New York City is undergoing a transformation in an effort to keep up with delivery demand, USA Today reports.

Business Brief
‘She-working’ offices swap beer kegs for nursing rooms
March 26, 2018
A mother-entrepreneur has opened female-focused work spaces in Seattle, joining a growing trend
Uber to sell Southeast Asian business to rival Grab, sources say
March 25, 2018
The reported deal marks the first big consolidation in the industry in Southeast Asia
Venezuela takes three digits off currency amid hyperinflation crisis
March 25, 2018
Critics say the move serves to cover up soaring prices and a collapsing currency
U.S. sets May 1 tariff threat on Canada, Mexico in bid to get quick NAFTA deal
March 23, 2018
Canada and Mexico originally received an indefinite exemption from the tariffs with no expiry date
It’s crunch time for the robot-car industry
March 23, 2018
Uber-related fatality in Arizona will force a reset for a technology that won’t be practical on a major scale any time soon
Business Trends
Instagram adds new data download tool to export pictures and user information
April 24, 2018

Instagram has a new tool that lets users download their data from the social media photo site, reports TechCrunch. Submit your email address, and Instagram will send you a copy of your “photos, comments, profile information, and more,” although the site notes that it could take up to 48 hours to actually collect and send you that data.

The tool is only available on the web for now, but it should be accessible to iOS and Android users in the future, too. It is similar to one Facebook has included for its primary website and mobile app for quite some time.

As pointed out by TechCrunch, the tool is necessary as part of Instagram’s compliance with the EU’s upcoming new GDPR privacy regulations. But despite the legally...

Continue reading…

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Analyst: Don't Write Off Venezuelan Petro Implications
April 24, 2018
Most credible observers have written off the Venezuelan petro as a scam, but an ex-CIA analyst has warned that this sovereign-backed cryptocurrency sets a precedent for future rogue state behavior and must be taken seriously
Business Review

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BUSINESS • Insight
The power of parity: Advancing women’s equality in Asia Pacific
April 23, 2018
Advancing women’s equality in the countries of Asia Pacific could add $4.5 trillion to their collective annual GDP in 2025, a 12 percent increase over the business-as-usual trajectory.
Business Perspective
626: Why Technical Experts Make Great Leaders
April 24, 2018
Amanda Goodall, a senior lecturer at Cass Business School in London, argues that the best leaders are technical experts, not general managers. She discusses her research findings about doctors who head up hospitals, scholars who lead universities, and all-star basketball players who go on to manage teams. She also gives advice for what to do if you’re a generalist managing experts or an expert managed by a generalist. Goodall is the co-author of the HBR articles “If Your Boss Could Do Your Job, You’re More Likely to Be Happy at Work” and “Why the Best Hospitals Are Managed by Doctors.”
Consumer Insights
Tapping into people’s need to take a break
April 16, 2018
I had two friends who posted on Facebook recently within hours of each other. One had spent the day at a theme park with her family, all of whom left their phones “in the car ON purpose. Best way to enjoy the day together!” The other had been sharing many stunning photos of a vacation…
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BUSINESS • Outlook
Why The Brooklyn Nets Are Suing A Recent Sponsor In Monster, Inc.
April 24, 2018
The Brooklyn Nets NBA franchise is suing former sponsor Monster, Inc. after the audio/video cable company allegedly failed to make annual payments and kept using valuable trademarks without permission.
Business Insight
The Right Way to Market to Millennials
April 24, 2018
At 80 million strong, millennials are the largest demographic segment in the United States. Having grown up using social media, these young consumers are more than just “digital natives” — and as social media has evolved, millennials’ tendency to filter out the heavier information content in verbal posts, preferring instead photos and mini-videos that are […]
Let’s destroy Bitcoin
April 24, 2018
Three ways Bitcoin could be brought down, co-opted, or made irrelevant.
Can IT Be Too in Sync With Business Strategy?
April 23, 2018
In the wake of the global economic downturn, price pressures forced the Chongqing Qianwei Science & Technology Group Co. Ltd., a Chinese shipbuilder headquartered in Chongqing, to reevaluate its business strategy. For years, as the company focused on diversifying and creating new product lines, it left IT decisions largely up to the managers of its […]
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