Tag: china
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Japans Exports Grow 9% in December to Close Out Strong Year
Japan closed out its best year for exports since the financial crisis with solid growth again in December, as the global economic recovery looks set to continue well into 2018. Highlights The value of exports rose 9.3 percent in December from a year earlier (forecast +10 percent). Exports for the full year 2017 grew 11.8 percent, the most…
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Global app downloads topped 175 billion in 2017, revenue surpassed $86 billion
Global app downloads topped 175 billion and consumer spending exceeded $86 billion in 2017, thanks to growth in emerging markets including China, India, Brazil and Russia, according to a new report from App Annie out this morning. Notably, India has now become the number two country by downloads, passing the U.S., which is now third.…
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Bitcoins Power Needs May Be Overblown
Speculation that Bitcoin mining will lead to “uncontrolled growth” in electricity consumption may be overblown, recalling the hype that surrounded projections for data centers and marijuana growing. While Bitcoin miners currently use about as much electricity as Ireland, they are "very unlikely" to reach the "ultra-high-end" threshold of 350 terawatt-hours a year — a level…
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2018 Feels Ripe for Big Unexpected Crisis, Eurasia Group Says
This year could see a geopolitical crisis on the scale of the financial crash a decade ago, Eurasia Group warned in its annual outlook. Describing global political challenges as “daunting,” the New York-based political risk consultancy said that “if we had to pick one year for a big unexpected crisis — the geopolitical equivalent of the…
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Teslas Model 3 Moment of Truth Is Here
When Tesla Inc. reports third quarter earnings Wednesday after the bell, the overwhelming focus will be on the production ramp of the Model 3—the more affordable electric car that is critical to Tesla’s mainstream success and profitability. Almost half a million people have placed $1,000 reservations for the car, but so far, only employees and close friends…
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