Connect with us
putin 2018 putin 2018

Global Affairs

Breakfast Briefing: Plot to Kill May, Google Fights Amazon and Putin’s Re-Election Dream

 4 min read / 

Putin’s Re-Election Ambition

The Russian president said he would run for another six-year term.

Editor’s Remarks: Vladimir Putin has essentially run Russia since 2000, meaning that another term would make him Russia’s longest-serving leader since Josef Stalin. The president made the announcement yesterday while speaking at a televised meeting with workers in Nizhy Novgorod, where he was celebrating the 85th anniversary of the Gorky Automobile Plant. The Russian election is due to take place in March 2018 and given the lack any credible challengers, Putin is widely expected to win an easy victory. In fact, his main opponent, Alexei Navalny, is barred from running because he has been convicted of embezzlement.

YouTube Blocked on Amazon

Google, YouTube’s owner, pulled the service from Amazon devices over ongoing quarrels.

Editor’s Remarks: Citing Amazon’s failure to enable Google products to stream Amazon Prime Video, YouTube’s parent company has now blocked YouTube access on the Echo Show, Amazon’s touchscreen smart speaker, and will pull YouTube from Amazon’s Fire TV in the new year. The move is a response to YouTube apps on Amazon products not being made by Google – unlike Apple’s YouTube app, for example – and Amazon’s decision not to sell certain Google products, like Chromecast and Google Home. This episode is but the latest in the ever-increasing competition between Apple, Google and Amazon for the home products market.

Go-Jek Hints at IPO

The Indonesian ride-hailing app has tabled plans for an IPO.

Editor’s Remarks: Go-Jek is the latest in a string of south-east Asian startups looking to go public, following the likes of Razer and Tencent Music. The company, often labelled Indonesia’s Uber, is the nation’s first billion-dollar tech startup and is backed by heavyweights such as KKR and Warburg Pincus. Before the potential IPO, the company’s CEO Nadiem Makarim said that it will be focusing on rolling out the expansion of its digital payment service, Go-Pay, throughout 2018. While the payment service is currently used for Go-Jek’s ride and delivery services, Makarim is hoping to expand its use to enable consumers to purchase goods and services that lie outside of Go-Jek’s immediate offerings.

Islamists Plot to Kill UK PM

Two Muslim men appeared in court yesterday charged with terror offences.

Editor’s Remarks: Naa’imur Zakariyah Rahman, 20, and Mohammed Aqib Imran, 21, were arrested late last month by the UK’s counter-terrorism forces. The two have been charged with plotting to detonate a bomb on Downing Street before executing a knife attack to kill Theresa May. The details were released not long after an official independent review found that this summer’s bombing in Manchester could have been prevented had intelligence been better analysed. So far, however, public response to the revelation has been muted with many public figures and the public at large praising the security forces for their efforts in spite of apparent shortcomings.

Apple’s Potential $47bn Tax Cut

Should the Republicans push through their proposed tax bill, Apple could be the biggest beneficiary.

Editor’s Remarks: The Republicans’ tax bill aims to repatriate much of the money that corporations such as Apple choose to stash abroad rather than in the US, where they would be subjected to paying a hefty – and uncompetitive – 35% corporate tax rate. The new tax bill intends to tax such funds at a rate of no higher than 14.5%, irrespective of whether or not it is brought back to US shores. This would enormously incentivise companies such as Apple, which has $252bn in foreign cash and investments, by shaving off $47bn from the amount of tax it would pay if it repatriated its overseas cash under the present regime.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Asia

Japan Is Behind Bitcoin’s Rise

Japan Bitcoin

Deutsche Bank released a research note saying that Japanese investors account for bitcoin’s meteoric rise.

Deutsche Bank analysts have said they believe that individual Japanese foreign-exchange (FX) traders are instead moving towards leveraged cryptocurrency trading in the search for astronomical returns. Already, Japan makes up 50% of the world’s leveraged FX trading and Nikkei recently said that 40% of cryptocurrency trading was denominated in yen throughout October and November. Evidently, the Japanese are growing tired of years of ultra-low interest rates and are turning to the blockchain to boost their savings.

Keep reading |  1 min read

Global Affairs

Breakfast Briefing: Disney Buys 21st Century Fox and Snap’s Studio

Disney Fox

Disney Buys Up Murdoch Assets

Disney has bought assets in Rupert Murdoch’s empire in a deal worth $66bn.

Editor’s Remarks: 86 year-old Rupert Murdoch is set to rapidly downsize his business holdings by selling 21st Century Fox to Disney. Before the sale goes ahead, Murdoch’s Fox News will complete its planned acquisition of the 61% Sky that the company does not already own. Once complete, Sky will join other Murdoch assets such as Hollywood studio 21st Century Fox in Disney’s expanding portfolio. Disney CEO Bob Iger has confirmed he will remain in his position until 2021 and also consider a position for James Murdoch after the acquisition is complete.

Delta Opts for Airbus

Delta Air Lines bought 100 jets from Airbus instead of its rival, Boeing.

Editor’s Remarks: In a deal worth over $12.7bn, the budget North American airline chose to back Airbus by buying a large order of its A321neo jets. The airline will take delivery of the single-aisle planes in 2020 and has retained the option to purchase a further 100 jets. Meanwhile, Boeing will be licking its wounds as it now turns elsewhere to offload its 300 brand new Max 10 737s. The deal follows another large order of Airbus planes by Delta in 2014, when the carrier purchased 50 wide-body aircraft for $14bn. The last time Delta bought a major order of Boeing planes was in 2011, when it purchased 100 737s.

Capita Crashes 14%

The troubled UK outsourcing giant plunged 14% after it announced that 2017 had been subdued.

Editor’s Remarks: Capita has plunged 68% over the last two-and-a-half years as it has suffered setback after setback relating both to the quality of it services and increasing competition for big ticket contracts. The company announced that although 2017 has been in line with expectations, contract wins have come in below expectations. The sharp fall in Capita’s share price reflects how the UK stock market is presently hyper-sensitive to even the faintest whiff of a profit warning. Capita’s collapse is a huge blow to Neil Woodford, the prominent UK fund manager, who has suffered similar falls in a number of his other large holdings since the Brexit vote.

Japan Is Behind Bitcoin’s Rise

Deutsche Bank released a research note saying that Japanese investors account for bitcoin’s meteoric rise.

Editor’s Remarks: Deutsche Bank analysts have said they believe that individual Japanese foreign-exchange (FX) traders are instead moving towards leveraged cryptocurrency trading in the search for astronomical returns. Already, Japan makes up 50% of the world’s leveraged FX trading and Nikkei recently said that 40% of cryptocurrency trading was denominated in yen throughout October and November. Evidently, the Japanese are growing tired of years of ultra-low interest rates and are turning to the blockchain to boost their savings.

Snap Opens Online Studio

The studio will enable brands to build adverts that individuals users can include in their own snaps.

Editor’s Remarks: Snapchat is adding another trick to its repertoire by allowing users to add branded animations to the existing arsenal of augmented reality lenses This is not a wholly new innovation as advertisers can already sponsor lenses, although there is a hefty minimum spend of $300,000 and a current need to work closely with Snap’s design team. However, the new studio will enable advertisers to create their own adverts, which will then need to be accepted by Snap before they are given the green light. The move is part of Snap’s wider efforts to diversify their revenue streams.

 

Keep reading |  3 min read

Asia

Japanese Startup Ispace Raises $90m

Ispace

Ispace Inc raised $90m from Japan’s largest corporates in a bid to reach orbit by 2019. 

Ispace is backed by Japan Airlines, Tokyo Broadcasting System Holdings and also government-backed Innovation Network Corp. of Japan. The company plans to sell advertising space on its spacecraft, which will then feature prominently in distributed images. However, Ispace also envisages the use of rovers that will offer a “projection mapping service”, which will essentially produce a tiny billboard on the surface of the moon. This is the latest announcement in what is rapidly shaping up to be a wider commercialisation of space exploration. Elsewhere, SpaceX and Blue Origin are developing reusable rockets, while Planetary Resources intends to mine asteroids.

Keep reading |  1 min read

Trending