Headlines

Americas

Effort, not ability, may explain the gap between American and Chinese pupils

WHETHER a teenager grasps calculus is not obviously an issue of geopolitical importance. Yet since the first Programme for International Student Assessment (PISA) in 2000, the poor performance of American pupils in the global test has worried policymakers. Not least since Chinese pupils, or at least residents of Shanghai, are at or near the top...

The Texas Legislature’s special session grinds to a halt

Spot the governor THE Texas House of Representatives adjourned on August 15th, after a special legislative session that left many legislators, on both sides of the aisle, a bit dyspeptic. “The problem continues to be that politics rather than policy is driving the bus,” said Chris Paddie, a Republican representative from east Texas, that evening....

Women alone are driving a recovery in workforce participation

IF THERE were a list of common complaints about America’s economy, the fact that too few people work would be near the top. Though unemployment is low—only 4.3% in July—the figure does not include those who are jobless either by choice, or because they have given up looking for work. The proportion of those aged between 25 and 54 in work...

The far right—a user’s manual

Many sides in Madison Square AMERICA is not about to be overrun by neo-fascists. Most politicians have no difficulty condemning the far right. The Republican National Committee chairman has told white supremacists, “We don’t want your vote.” Yet this floppy fringe should not be taken lightly. “As a speaker, Hitler exercises astonishing sway...

Minorities, the elderly and women are drinking much more alcohol

Got to give it up, that stuff THE White House has plans to declare the opioid crisis a national emergency. This concern is justified: in their legal and illegal forms, opioids kill an American every 16 minutes. Yet a focus on opioids has eclipsed the damage caused by an even deadlier, more common substance. Between 2006 and 2010, an average of 106,765...

Asia Pacific

South Korea: Making up for lost time

After the impeachment of South Korea’s former president, Park Geun-hye, amid a far-reaching corruption scandal, the country was ready for change. South Korea’s new liberal president, Moon Jae-in, appears set to take on that challenge. Campaigning on a policy platform of job creation, corporate governance and labour market reforms, as well as promises...

Alibaba acquires majority stake In Indian ticketing startup TicketNew

Alibaba Pictures, the entertainment unit of China’s ecommerce major Alibaba Group, has acquired a majority stake in Chennai-based TicketNew for an undisclosed amount. Post-acquisition, Alibaba will have four representatives on TicketNew’s board and the firm’s promoters will have two of their representatives. TicketNew founder and CEO Ramkumar...

NIO unveils production vehicle for China Market

NIO unveiled new production vehicle, the NIO ES8, a 7-seater high-performance electric SUV for the China market - NIO ES8’s official launch will take place at the end of this year, with deliveries expected to begin next year - NIO to begin taking pre-orders of its flagship supercar, the NIO EP9, priced at 1.48 million USD - 11 Cars: NIO showcased...

X-ELIO closes the financing process for two new photovoltaic plants in Japan

The group achieves the necessary funds for the start-up of two new solar parks in Japan: Tsurusu and Shiroishi.Both PV power stations will be located at Miyagi Prefecture. Tsurusu Park will have a capacity of 38 MW and Shiroishi will reach 28 MW.The plants are expected to start producing energy in the second half of 2018.With both parks, the X-ELIO...

Hindalco raises ₹3,350 crore via QIP

Hindalco Industries, an Aditya Birla group company, has raised ₹3,350 crore through issue of shares under qualified institutional placement, largely to pay back high-cost debt and invest in value-added aluminium and copper products. The capital-raising committee of the company’s board met here on Thursday and approved the proposal to allot 17.68...

Europe

Cyber threat to professionals at all time high

Professional firms, particularly those handling money for mortgage lenders, are increasingly at risk of high-level cyber-attacks, according to leading experts in the field of law, finance and mortgage lending. Speaking at the Mortgage Tech UK conference yesterday morning (27th June) Georgina Squire, Partner at solicitors Rosling King, warned professionals...

Drooms continues to expand into new markets

European market leader for virtual data rooms continues to grow its business abroadCorporate finance and M&A team subject to international expansion Drooms, the leading provider of Virtual Data Rooms in Europe, is steam rolling ahead with its plans to continue expanding. Chris Beckmann (54) and Martin Alamri (42) joined the company in spring this year,...

British brand values take Brexit beating

Britain’s most valuable brands decline by an average of 6%Devaluation of the pound in the wake of Brexit is the primary causeSudden loss of value exposes iconic brands to foreign takeoversShell, Britain’s most valuable brand, has weathered the trend and is up 16%Lynx is Britain’s fastest growing brand after ditching ‘The Lynx Effect’ branding Every...

Hugh Dorins to lead SIA Group Property Services Division

SIA Group is uniquely placed to offer Asset Based Lenders, Financial Sponsors and Restructuring Practitioners a fully independent, in-house, multi-asset, turn key solution.    Leading independent asset valuation, advisory and disposal business, SIA Group, has appointed Hugh Dorins to lead its new Property Services Division, which will...

SIA Group opens Southampton office

SIA Group, a leading asset valuation, asset advisory and asset disposal business has announced the opening of a Southampton office further expanding its operations across the UK. The office located at Enterprise House, Ocean Village, Southampton SO14 3XB will be staffed by an initial four strong local team of asset valuation,advisory and disposal...

Mena

Landslide in Congo Kills Dozens, Official Says

NAIROBI, Kenya — A landslide after heavy rains in an eastern area of the Democratic Republic of Congo has killed dozens of people, according to an estimate of the number of households buried by tons of mud, an official said Saturday.About 50 households in the fishing village of Tora, in Ituri Province on the shore of Lake Albert in the Western Rift...

Flow of Migrants to Italy Slows, but Nobody Knows Why

LONDON — The main route to Europe is experiencing one of its longest lulls since the migration crisis began in 2014.Just over 4,000 migrants have reached Italy from Libya since mid-July, about a fifth of the number during each of the equivalent periods of 2014, 2015 and 2016, according to the Italian Interior Ministry.The lull provides rare respite...

Crusader Who Saved Elephants From Poachers Is Shot Dead in Tanzania

Wayne Lotter, a wildlife conservationist from South Africa, was fatally shot this week in Dar es Salaam, Tanzania, where he had worked to stop poaching and the illegal ivory trade, the organization he helped found said.Mr. Lotter was killed in a district of the east African country’s capital late on Wednesday, the PAMS Foundation said in its statement...

Sierra Leone Mudslides Unlikely to Leave Survivors, Rescuers Say

DAKAR, Senegal — Rescuers in Sierra Leone’s capital said on Friday that it was unlikely any of the hundreds of people buried in mudslides this week were still alive, after torrential rains that hit the country’s capital left more than 400 people dead.A search and rescue mission that had been carried out since heavy rains triggered the collapse...

Jihadist Is Liable for $3.2 Million for Damage to Shrines in Mali

PARIS — The International Criminal Court ruled on Thursday that an Islamist extremist who pleaded guilty last year to destroying shrines and damaging a mosque in the ancient city of Timbuktu, Mali, was liable for damages of $3.2 million.The man, Ahmad al-Faqi al-Mahdi, a member of a jihadist group linked to Al Qaeda, took part in the smashing of a...