Markets
Samsung expects sharp drop in fourth-quarter profit
Last week, Apple warned that its sales have been slowing , blaming economic weakness in China. Samsung once also had a 20 percent market share in China but has seen its sales tumble to less than one percent of the world's largest smartphone market in the third quarter, and last month announced the closure of its factory in Tianjin. [Full Article...]
Ex-Nissan boss Carlos Ghosn insists he has been wrongly accused
The veteran auto executive, a familiar face at the World Economic Forum and other elite gatherings, was handcuffed and led into the courtroom with a rope around his waist as the hearing began. Prosecutors allege that Ghosn first transferred his position to Nissan and later shifted the investment back onto the books of his affiliated company, with Juffali providing a letter of credit to satisfy the... [Full Article...]
China population to peak at 1.44 billion in 2029
China's population is expected to reduce to 1.36 billion in 2050 and to around 1.25 billion in 2065, similar to that of the year 1999, Efe news reported citing the daily. Some experts view this timeline as optimistic. Previous forecasts have warned of the steady increase in China's elderly population, which is expected to reach 400 million by the end of 2035 from around 240 million in 2018. [Full Article...]
Tesla breaks ground on its Gigafactory in China
In July, Tesla raised the prices of the Model 3 and the Model Y by about 20 per cent in the mainland after Beijing slapped an additional 25 per cent tariff on American-made vehicles, a retaliatory measure against the USA administration as trade tensions between the two countries escalated. [Full Article...]
World Bank President Jim Yong Kim announces resignation
Mr Kim's announcement is coming more than three years ahead of the end of his tenure in 2022. Dr Kim, the bank's 12th president, said on Monday that he will join a firm focusing on increasing infrastructure in developing countries, but the global lender provided no further details. [Full Article...]
RBI will not allow ‘loose money’ situation, says Governor Shaktikanta Das
With regards to the issues concerning micro, small and medium enterprises (MSME), the governor said he had a 2-hour interaction with MSME associations and will examine the issues discussed internally. "There is definitely improvement noticed in the reduction of the non-performing asset levels of the banks as a whole and the public sectors in particular". [Full Article...]
Kraken Received 3 Times More Law Enforcement Requests in 2018
Breaking down the USA figures, the agency making highest number of inquiries at Kraken was Homeland Security Investigations (HSI) with 91 subpoenas. "Part of why these are so taxing is that they often require a significant amount of education and back-and-forth", Kraken said . Kraken says U.S. [Full Article...]
Japanese billionaire responsible for the most retweeted tweet ever
Maezawa , who founded Japanese online clothing retailer Zozotown, posted a tweet on January 5 revealing that his firm had made 10 billion yen ($92.4 million) in sales over the holiday period. Before Wilkinson, the leading tweet was actor and presenter Ellen DeGeneres' viral selfie with Meryl Streep, Julia Roberts, Kevin Spacey, Brad Pitt and Angelina Jolie from the 2014 Academy Awards. [Full Article...]