Author Archives: joesnewspicks

About joesnewspicks

This blog captures interesting news items from around the world for those strained by information overload and yet need to stay updated on global events of significance. The news items displayed are not in order of merit. (The blog takes a weekly off — normally on Sundays — and does not appear when I am on vacation or busy.) I am a journalist for nearly three decades.

After record profit, Samsung CEO quits; Record run for bitcoins; Twitter ‘crawling with bots’

1 After record profit, Samsung CEO quits (Straits Times) Samsung Electronics said that its chief executive officer and vice-chairman Kwon Oh Hyun plans to step down from management, deepening concerns over a leadership vacuum at the technology giant after group … Continue reading

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Catalonia edges towards statehood; Saudi Arabia back in recession; Japan business mood at decade’s high

1 Catalonia edges towards statehood (BBC) Catalan leader Carles Puigdemont says the Spanish region has won the right to statehood following a contentious referendum that was marred by violence. He said the door had been opened to a unilateral declaration … Continue reading

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US growth revised up again; India’s flagging economy raises concerns; UK young ‘more anxious’

1 US growth revised up again (BBC) The US economy grew even faster in the second quarter than previously thought, new figures have indicated. The Commerce Department said it grew at a 3.1% annual rate over the three months to … Continue reading

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What could be next for Uberisation; Marks & Spencer gets into online food delivery; L’Oreal heiress is richest woman

1 What could be next for Uberisation (Simon Jack on BBC) Uber is not just a taxi-hailing app which has been baked into the lives of hundreds of millions of passengers and millions of drivers worldwide. Uberisation has come to … Continue reading

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Norway wealth fund value at $1trn; Britain’s debt time bomb; Unemployment seen as biggest risk to business

1 Norway wealth fund value at $1trn (San Francisco Chronicle) Norway’s sovereign wealth fund, the world’s largest of its kind, has hit a milestone value of $1 trillion, beating all expectations since its creation over 20 years ago. The fund, … Continue reading

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France to ban oil, gas production at home; India fears twin-front war with Pak, China; Asda to axe hundreds of jobs

1 France to ban oil, gas production at home (San Francisco Chronicle) France’s government has unveiled a law to ban all production and exploration of oil and natural gas by 2040 on the country’s mainland and overseas territories. The move … Continue reading

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Gold spurts on North Korea tension; India credit growth slows; The rise of Snappcar

1 Gold spurts on North Korea tension (Siddesh Suresh Mayenkar in Gulf News) Gold prices spiked more than one per cent on Monday to its highest level in a year as risk averse investors sought refuge in the safe haven … Continue reading

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