Anshu Vats

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Lab-Grown Meat Is Coming, Whether You Like It or Not

Standing in a kitchen in San Francisco, in a state where foie gras is illegal, Josh Tetrick cuts into the pale gray pate anyway and smears it on a …

Agriculture

The reason African cities aren’t funding infrastructure with municipal bonds

Cities around the world have been financing their long-term investment needs through municipal bonds for centuries. The first recorded transaction occurred in Genoa in 1150. More recently, in the US, over $111 billion were issued in November and December last year for infrastructure, pension …

Finance

Asia Debt Binge to Dampen Growth But Not Derail It, Oxford Says

Asia’s soaring levels of debt will weigh on growth over the next decade -- especially in China, Malaysia, Thailand and India -- but it won’t be …

Asia

Energy Storage Is Coming, But Big Price Declines Still Needed

Cheap energy storage, long-hailed as renewable energy’s younger cousin that once of age would create a dynamic duo strong enough to upend the electricity system as we know it got a steroid shot this week when FERC announced that it was going to let energy storage operate in the wholesale markets as …

Energy Storage

SoftBank's IPO Plan Raises Doubts on $33-Billion Bond Guarantees

Billionaire Masayoshi Son’s plan to list his cash-cow Japanese telecom business is raising concern among observers that the company might stop …

Venture Capital

'Uncharted Territory:' Goldman Sachs Issues Dire Warning About Federal Spending

Goldman Sachs analysts have warned that if the U.S. federal government carries on increasing its deficit spending the cost of its borrowing may end …

Goldman Sachs

Can Walmart Or Alphabet Take On Amazon In India?

Are Walmart and Google investors ready for additional cash burn?<p>Compared to Google, Walmart seems like a better fit operationally.<p>These deals could …

eCommerce

Millennials All Over the World Are Worse Off Than Gen Xers Were at Their Age

Millennials have lower incomes and lower rates of home ownership<p>The income boom enjoyed by people born between 1966 and 1980 has turned to “bust” for …

Demographics

Saudi Arabia's central bank signs blockchain deal with Ripple

DUBAI (Reuters) - Saudi Arabia’s central bank has signed a deal with U.S.-based Ripple to help banks in the kingdom settle payments using blockchain software, as Gulf regulators begin to explore new forms of financial technology.<p>The pilot program is the first of its kind to be launched by a central …

Saudi Arabia

Putin Is Struggling to Keep His Wars Separate

The troops who died in Syria are called mercenaries, not heroes. Will the Russian people buy that?<p>Late on Feb. 7 and early on Feb. 8, U.S. forces in Syria likely killed the greatest number of Russians since the end of the Cold War -- more than 200 soldiers. There will, however, be no international …

Russia

Biggest Wealth Fund Asked to Assess Impact of Aramco Listing

After the world’s biggest wealth fund shocked energy markets in November when it proposed cutting oil and gas stocks from its equity index, it now …

Saudi Aramco

America's Supertanker Terminal Set to Export Oil for the First Time

The flood of crude leaving the U.S. could be about to get a major boost: the nation’s top imports terminal is testing one of the industry’s biggest …

Oil

WTO outlook indicator: global trade growth to stay above-trend

GENEVA (Reuters) - Global trade in goods will continue growing above trend during the second quarter, the World Trade Organization's quarterly outlook indicator showed on Monday.<p>The indicator, a composite published since the third quarter of 2016, showed a reading of 102.3, compared to 102.2 last …

Economy

Ant Financial’s $100 billion valuation would put it in the same league as the world’s biggest banks

Ant Financial Services Group, the Chinese fintech giant, is planning a funding round that could fetch a valuation similar to the world’s biggest and oldest banks: The digital payment company is raising as much as $5 billion in equity that may value it at more than $100 billion, according to Reuters.<p>…

Venture Capital

The West should take note: China's tech revolution is only just starting

A few months ago, I stumbled across a line in a business title that stopped me in my tracks: at that point, 15 Chinese startups had reached unicorn …

Didi Chuxing

Giving up control of Brussels mosque, Saudi Arabia sends a signal

BRUSSELS/RIYADH (Reuters) - Saudi Arabia has agreed to give up control of Belgium's largest mosque in a sign that it is trying to shed its reputation as a global exporter of an ultra-conservative brand of Islam.<p>Belgium leased the Grand Mosque to Riyadh in 1969, giving Saudi-backed imams access to a …

Saudi Arabia

Careem signs up nearly 1,000 Saudi women drivers

Author: ARAB NEWSMon, 2018-02-12 12:10ID: 1518415928557547200DUBAI: The UAE’s Careem, a ride hailing application, is set to sign up around 1,000 …

Saudi Arabia

China adds weapons, media to 'sensitive' overseas investment list

BEIJING (Reuters) - China's state planner included news media and weapons development in its list of "sensitive" sectors for offshore investment on Sunday, meaning any deals in those areas could face greater scrutiny.<p>Development of cross-border water resources also was listed as a "sensitive" …

China

As Blockchain Finds A Foothold Traditional Fintech Plants The Flag

Blockchain seems to be in the news more often than not these days, whether over bitcoin and other cryptocurrencies, or the burgeoning technology sector using it as a springboard. Such ventures promise “game-changing” solutions to challenges in a variety of industries including financial technology, …

Blockchain

Trump to unveil $1.5T infrastructure plan

WASHINGTON (AP) — President Donald Trump on Monday will unveil his long-awaited infrastructure plan, a $1.5 trillion proposal that fulfills a number of campaign goals, but relies heavily on state and local governments to produce much of the funding.<p>The administration's plan is centered on using …

U.S. Chamber of Commerce

Trump May Struggle on $1 Trillion Pledge to Fix Crumbling U.S. Infrastructure

Donald Trump ran for president on the promise of $1 trillion fix for crumbling U.S. roads, bridges and airports, but the plan he’s rolling out Monday …

U.S. Chamber of Commerce

America’s largest retailers are shifting their battle to India

After battling it out for years on their home turf, two of America’s largest retailers may soon fight each other in India.<p>Arkansas-based Walmart is reportedly in talks to acquire a significant minority stake in India’s largest home-grown e-commerce firm, Flipkart.<p>If the deal goes through, Walmart …

eCommerce

SoftBank’s Vision Fund has already spent over $35 billion on investments

SoftBank made waves when its gigantic Vision Fund hit a massive $93 billion first close of a targeted $100 billion total last year, but already it is clear why the firm is reportedly planning a sequel. According to the Japanese firm’s latest financials, it has already deployed one-third of the …

Venture Capital

Iran could be winner, U.S. a loser from UAE-Qatar tensions

DUBAI (Reuters) - A rise in tension between Qatar and the United Arab Emirates in a row over military flights threatens U.S. strategic interests in the Gulf and could benefit regional rival Iran.<p>Abu Dhabi says Qatari air force jets intercepted two UAE civilian aircraft on commercial flights to …

South Asia

Many graduates earn 'paltry returns' for their degree

<b>Many graduates receive "paltry returns" for their degrees despite racking up £50,000 in debt, says the chairman of the Education Select Committee.</b><p>Robert Halfon will say in a speech on Monday, that between a fifth and a third of graduates take non-graduate jobs, and that any extra returns for having …

Higher Education

Tesla is helping build the world's biggest 'virtual power plant'

Tesla already put together the world's biggest lithium battery in Australia. Now it's going for another record.<p>The state of South Australia has announced plans to equip at least 50,000 homes with solar panels and Tesla (TSLA) battery storage units, connecting them all to the electricity grid to …

Clean Energy

Far more Indians are searching for Amazon than for Flipkart

While Flipkart and Amazon fight for supremacy in India’s e-commerce market, there’s at least one battle where the latter has emerged as a clear winner.<p>Jeff Bezos-led Amazon made for 46.02% of mobile searches in India, in the e-commerce category on mCent browser app during July-December 2017, …

Amazon Fire TV

China: Cheap American grain is hurting our farmers

China is reminding the U.S. that it can play tough on trade, too.<p>Less than two weeks after President Trump slapped new tariffs on imports of solar panels and washing machines, China has launched an investigation into a key U.S. agricultural export.<p>Chinese authorities said Sunday they would examine …

China

EU says UK must make its mind up on future trade relations

LONDON (AP) — The European Union's Brexit negotiator warned Monday that the time has come for the U.K. to clarify what relationship it wants with the bloc once it leaves, and warned that exiting its customs union would hurt trade.<p>Michel Barnier shook his head as he outlined the results of a meeting …

United Kingdom

Profits of 22 Saudi Companies Reached $10.7 Billion in 2017

22 Saudi companies listed on the local market announced their results for 2017 showing a growth rate of 13.8 percent in terms of rates profits …

FISC