Global

Asian stocks falter as global growth fears temper tech boost

Mabel R. Acton 3 months ago

By Andrew Galbraith and Suzanne Barlyn

(Reuters) – Asian shares wobbled in a choppy session on Friday as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment, despite strong U.S. tech earnings and signs of manufacturing recovery in China and Japan.

The U.S. dollar was also set for its worst month in a decade amid expectations the Fed will maintain its ultra-loose monetary policy for years.

U.S. GDP collapsed at a 32.9% annualized rate in the second quarter, the deepest decline on record, while jobless claims rose last week, adding to signs the momentum

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How Tesla defined a new era for the global auto industry

Mabel R. Acton 3 months ago

Tesla’s rapid rise to become the world’s most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how.

Tesla’s ascent took many investors by surprise. But executives at Daimler AG, the parent company of Mercedes-Benz, had a close-up view starting in 2009 of how Tesla and its chief executive Elon Musk were taking a new approach to building vehicles that challenged the established system.

Daimler, which bears the name of the man who invented the modern car 134 years ago,

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Global prospects dim for China’s tech champions as great powers clash

Mabel R. Acton 3 months ago

SHANGHAI/BEIJING (Reuters) – Huawei Technologies’ founder Ren Zhengfei’s global ambitions are marked in bricks and mortar at a new company campus in southern China, where the buildings are replicas from European cities.

Zhang Yiming, founder of ByteDance, the operator of short video app TikTok, has plastered his Beijing headquarters with posters including a cover of former Google CEO Eric Schmidt’s book “How Google Works”, and has long said he will build a global firm that can compete with U.S. tech giants.  

But the two companies which best exemplify China’s ambitions to challenge U.S. tech dominance are now stymied by strains

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How ‘The Daily Show’ Correspondents Are Zooming Through The Global Pandemic

Mabel R. Acton 4 months ago

Click here to read the full article.

Telling jokes on television is tricky enough without throwing in a global pandemic, patchwork production facilities, empty rooms and poor internet connections.

However, the correspondents on The Daily Show have been valiantly ploughing through to support Trevor Noah on the Comedy Central show for the past four months to provide entertainment in tough times.

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