24 April, 2015 by The TZ Newswire Staff Comments Off on Apple aims to ship more than 20 million smartwatches in 2015
Apple aims to ship more than 20 million smartwatches in 2015
Apple aims to ship at least 20 million Apple Watches this year, well above many analysts’ forecasts, according to supply chain sources.
24 April, 2015 by The TZ Newswire Staff Comments Off on Cloud could take over retail in 10 years: Amazon CTO
Cloud could take over retail in 10 years: Amazon CTO
Amazon has built its reputation by becoming an e-commerce giant, but a top exec says 10 years from now it’ll be all about Amazon Web Services.
24 April, 2015 by The TZ Newswire Staff Comments Off on Greece offers some concessions as ‘tired’ creditors urge progress
Greece offers some concessions as ‘tired’ creditors urge progress
Greece offered some concessions on Friday on reforms demanded by international lenders in return for new funding before Athens runs out of money, but euro zone creditors said negotiations needed to speed up to get a deal by June. After talks with German Chancellor Angela Merkel on Thursday in Brussels, Greek Prime Minister Alexis Tsipras said he wanted a deal by the end of this month.
24 April, 2015 by The TZ Newswire Staff Comments Off on China says employment resilient despite slower economic growth
China says employment resilient despite slower economic growth
China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labor ministry warned that authorities cannot be “blindly optimistic” as the pace of job creation is slowing. The urban unemployment rate was at 4.05 percent at the end of March, little changed from 4.1 percent at the end of 2014. “The pace of urban job creation is slowing as economic growth weakens. Employment indicators tend to lag behind economic growth,” Xin Changxing, Vice Minister of Human Resource and Social Security, told a news conference.
24 April, 2015 by The TZ Newswire Staff Comments Off on HSBC says to consider whether to move headquarters from Britain
HSBC says to consider whether to move headquarters from Britain
HSBC Holdings (HSBA.L), Europe’s biggest bank, said it has started a review of whether to move its headquarters out of Britain following regulatory and structural changes in the industry. Shareholders have urged the bank to consider moving its headquarters to Asia, probably back to Hong Kong, due to a hefty UK bank tax and other costs associated with being based in London. “The board has therefore now asked management to commence work to look at where the best place is for HSBC to be headquartered in this new environment,” said HSBC Chairman Douglas Flint on Friday.
24 April, 2015 by The TZ Newswire Staff Comments Off on France’s ‘economic patriotism’ is not what it seems
France’s ‘economic patriotism’ is not what it seems
Foreigners are set to take over several French blue chip firms this year and will largely do what they want with their prizes – showing the limits of new laws passed in the name of “economic patriotism”. Economy Minister Emmanuel Macron spoke last month of “the determination and the ability of the state to use all weapons available to investors” to help France’s industry and further the Socialist government’s main goal of job creation.
24 April, 2015 by The TZ Newswire Staff Comments Off on Asian central banks to ease further, but effects may be muted: Reuters poll
Asian central banks to ease further, but effects may be muted: Reuters poll
Emerging Asian central banks are expected to cut interest rates again in the coming months, but economists polled by Reuters are doubtful the moves will significantly boost growth or inflation. Twenty-seven central banks around the world have eased monetary policy in some manner or other so far this year. The Reuters surveys across Asia, which bring the total number of forecasters polled above 300 globally this week, found nearly all central banks in the region, with a few exceptions such as New Zealand and South Korea, were set to ease policy again.