Apple continued its slide on worries about softening demand. The tech giant tumbled 4.8 percent after Goldman Sachs equity analysts cut their price target, citing deteriorating demand, especially in China. China, the world’s largest consumer of oil, has also been weighing on commodities. The price of crude, now just above $53 a barrel, has fallen…
Payment card skimming that steals consumers’ personal information from e-commerce sites has become a booming industry over the past six months, with high-profile attacks against Ticketmaster, British Airways, Newegg, and Alex Jones’ InfoWars, to name just a few. In a sign of the times, security researcher Jérôme Segura found two competing groups going head to head…
WASHINGTON — As evidence piles up pointing to the Saudi crown prince’s responsibility in the brutal killing of the dissident journalist Jamal Khashoggi, President Trump has only hardened his refusal to concede any possibility that the prince had a hand in the crime. Mr. Trump, who had once condemned the Saudi leaders for perpetrating “the…
“THE DECLINE of the birth rate and the ageing of Japanese society is accelerating at unprecedented speed,” warns Shinzo Abe, Japan’s prime minister. Given the scale of the problem, he told The Economist this week, the government must push for “impactful policies” to tackle it right away. He mentions a series of reforms, intended to…
BEFORE HU JINZHOU began his climb into the foothills of fame, as a professional player of computer games in China’s multi-billion-dollar livestream industry, he was a schoolboy tearaway. He got into playground fights, tried to sell his textbooks to classmates and sneaked out after dark for some online gaming. Back then, Mr Hu’s reluctance to…
Facebook's advertising platform is suffering from a major outage. The company's Ads Manager, its tool that lets users create advertisements on its social network, has crashed, leaving would-be advertisers unable to create new ad campaigns just days before Thanksgiving and crucial Black Friday sales. The outage is unusual in its duration; as of this writing,…
SHANGHAI, China — Alibaba just made e-commerce history. With the company's massive Singles' Day celebration on 11/11 — November 11 — coming to a close, Alibaba reports that customers spent $30.8 billion online over the last 24 hours. That is a significant increase from the $25.3 billion in gross merchandise volume (GMV) Alibaba shoppers spent…
TOKYO (Reuters) - Wall Street stock futures and Asian shares lost steam on Wednesday after Democrats won control of the U.S. House of Representatives, boosting the party’s ability to block President Donald Trump’s political and economic agenda. People walk past an electronic board showing Japan's Nikkei average outside a brokerage in Tokyo, Japan, October 12,…
THE CAREER OF China’s biggest property tycoon can be divided into two stages. Xu Jiayin started slowly, focusing on Guangzhou, a southern city. Then came the global financial crisis and the government’s response, a giant economic stimulus, launched a decade ago this month. For Mr Xu it was a signal to become far bolder. His…
(Reuters) - Heavy rains were due to create new problems for residents of Northern California late on Tuesday, raising the risk of mudslides in an area where people left homeless by the state’s deadliest wildfire remain huddled in parking lot encampments. State and federal officials warned people to be alert to the risk of sudden…
