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Google can no longer count on political goodwill at home

Google can no longer count on political goodwill at home

“WE USED to be so dismissed,” says Jeremy Stoppelman, the boss of Yelp, an online-review site which has waged a six-year-long battle against Google over how the online giant ranks its search results. Now American regulators are taking concerns about Google more seriously. On November 13th, Josh Hawley, Missouri’s attorney-general, launched an investigation into the […]

November 23, 2017 | By | Reply More
China’s bicycle-sharing giants are still trying to make money

China’s bicycle-sharing giants are still trying to make money

Shades of cycling joy STEVE JOBS liked to describe computers as “bicycles for the mind”—tools that let humans do things faster and more efficiently than their bodies would allow. The internet-connected bikes flooding the streets of urban China could be called “computers for the road”. Networked, trackable and data-generating, they are ones and zeros in […]

November 23, 2017 | By | Reply More
Japan is embracing nursing-care robots

Japan is embracing nursing-care robots

AT SHINTOMI nursing home in Tokyo, men and women sit in a circle following exercise instructions before singing along to a famous children’s song, “Yuyake Koyake” (“The Glowing Sunset”). They shout out and clap enthusiastically even though the activities are being led, not by a human fitness guru, but by Pepper, a big-eyed humanoid robot […]

November 23, 2017 | By | Reply More
Does Hong Kong’s Octopus card have too many tentacles?

Does Hong Kong’s Octopus card have too many tentacles?

Your extensible friend IN 1997, two months after Hong Kong reverted to Chinese sovereignty, it acquired a cutting-edge payment technology. People could rush through turnstiles with a wave of their colourful Octopus cards—stored-value cards pre-loaded with cash. Its latest advance, however, is risibly low-tech. On October 30th Octopus launched an extensible pole with a plastic […]

November 23, 2017 | By | Reply More
The last media mogul stuns his industry with talk of selling

The last media mogul stuns his industry with talk of selling

THE only media mogul still bestriding his industry in old-fashioned style is used to being a predator rather than prey, a builder of empires, not a dismantler of them. So Rupert Murdoch’s reported willingness to sell off much of 21st Century Fox, whether to a rival such as Disney or to a distribution firm like […]

November 23, 2017 | By | Reply More
How tech giants are ruled by control freaks

How tech giants are ruled by control freaks

THIS month Schumpeter visited the Barnes Foundation, a gallery in Philadelphia full of paintings by Picasso, Matisse and Van Gogh. Albert Barnes, born in 1872, is notable for two things. He made a fortune from an antiseptic that cured gonorrhoea. And he stipulated exactly how his art collection should be posthumously displayed. The result is […]

November 23, 2017 | By | Reply More
Sustainable investment joins the mainstream

Sustainable investment joins the mainstream

IN 2008, when she was in her mid-20s and sitting on a $500m inheritance, Liesel Pritzker Simmons asked her bankers about “impact investing”. They fobbed her off. “They didn’t understand what I meant and offered to screen out tobacco,” recalls the Hyatt Hotels descendant, philanthropist and former child film star. So she fired her bankers […]

November 23, 2017 | By | Reply More
Wealth inequality has been widening for millennia

Wealth inequality has been widening for millennia

THE one-percenters are now gobbling up more of the pie in America—that much is well known. This trend, though disconcerting, is not unique to the modern era. A new study, by Timothy Kohler of Washington State University and 17 others, finds that inequality may well have been rising for several thousand years, at least in […]

November 23, 2017 | By | Reply More
Malaysia’s AirAsia X posts Q3 loss on rising costs

Malaysia’s AirAsia X posts Q3 loss on rising costs

KUALA LUMPUR: AirAsia X Bhd posted today a net loss for the third quarter versus a year-ago profit, as the long-haul low-cost carrier bore higher costs and lower unit revenue leading to operating losses in its biggest markets — Malaysia and Thailand, Reuters reported. For the July-September period, the airline reported a net loss of […]

November 23, 2017 | By | Reply More
Maybank Islamic launches Rent-to-Own housing scheme, first by a Malaysian bank

Maybank Islamic launches Rent-to-Own housing scheme, first by a Malaysian bank

KUALA LUMPUR: Maybank Islamic, which plans to roll out its rent-to-own scheme named HouzKEY to the public in the first quarter of next year, is eyeing a portfolio size of RM1 billion within the first year. The bank has partnered with five developers namely SP Setia, EcoWorld, Mah Sing, Gamuda and Sime Darby for its […]

November 23, 2017 | By | Reply More