Sunday , October 21 2018

Japan to hire foreign workers as labour shortage bites

Bloomberg A strict immigration policy has helped make Japan one of the world’s oldest and most homogeneous societies. Now, Prime Minister Shinzo Abe’s plan to invite as many as half a million foreign workers is testing the country’s tolerance for change. Abe is preparing to introduce legislation to allow migrants ...

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Uber, Lyft race towards IPOs next year as banks line up

Bloomberg Uber Technologies Inc and Lyft Inc are solidifying plans for initial public offerings next year, when a wide pool of investors will decide what the money-losing ride-hailing businesses are actually worth. Wall Street’s top banks, vying for a coveted underwriting spot on Uber’s IPO, suggest the San Francisco company ...

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IBM misses Q3 sales estimates, casting doubt on growth engines

Bloomberg International Business Machines Corp missed analysts’ quarterly revenue estimates, ending a short-lived streak of sales gains and casting doubt on its strategy to boost growth through new businesses like cloud and artificial intelligence. The shares slip-ped in extended trading. Revenue fell 2.1 percent to $18.8 billion in the third ...

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Netflix soars as blistering subscriber growth restores faith

Bloomberg Netflix Inc is growing faster than even its most bullish fans on Wall Street predicted, soothing doubts about its global prospects and sending its already-stratospheric stock higher. After a stumble with its previous results, the world’s largest paid online TV network added far more subscribers than analysts expected in ...

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Trump’s trolling vs. the ‘constitution of knowledge’

On the road again, and full of indignation about, or perhaps admiration for, what he called ‘made-up’ and ‘fabricated’ Democratic accusations during the recent judicial confirmation turmoil, America’s feral president swerved into a denunciation of a nonexistent bill – “It’s called ‘the open borders bil’” — that, he thundered, “every ...

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WeChat rivals can take social, but Tencent is moving on

Two hip, young startups are set to become the latest challenge to Tencent Holdings Ltd. just as China’s dominant social-media company struggles with shrinking margins and slowing growth. Pop and Echo, social apps created by former Tencent executives, have already secured venture-capital funding, The Information reported. Echo is valued at ...

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