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World stocks rise as rate-hike fears ebb

Global stocks mostly rose on Friday as investors continued to ramp up purchases as equities have stabilized following a bout of volatility earlier in the month. The Dow finished narrowly positive, up 0.1 percent to 25.219,38, following a choppy session. Despite the muted finale, the weekFULL STORY

Siemens initiates alliance on cyberdefense

Siemens AG is joining with companies including Airbus SE and IBM Corp to try to counter large-scale hacking attacks that threaten to cost US$8 trillion in damage over the next five years. The group signed a charter on Friday at a security conference in Munich urgingFULL STORY

Cyberattacks could get worse: US report

Cyberattacks cost the US between US$57 billion and US$109 billion in 2016, a White House report said on Friday, warning of a “spillover” effect for the broader economy if the situation worsens. A report by the White House Council of Economic Advisers sought to quantify whatFULL STORY

Canada aims to join South America trade pact

Canada is to open trade talks next month with the four-nation Mercosur trading bloc in South America as part of an ongoing push to diversify its trade partnerships, a senior official said on Friday. The move comes as Canada’s main trading relationship with the US —FULL STORY

Japan prepares to raise optional pension age beyond 70

Japan has approved plans to let people choose to start drawing their state pensions beyond the age of 70 as it grapples with severe labor shortages, ballooning welfare costs and a shriveling tax base stemming from its graying population. The government said on Friday it wouldFULL STORY

China’s holdings of US debt last year up most since 2010

China increased its holdings of US Treasuries last year by the most since 2010, in a signal its demand for US debt remains resilient. The value of China’s holdings of US bonds, notes and bills rose by US$126.5 billion to US$1.18 trillion in December last yearFULL STORY

Beating bitcoin requires close eye on correlations

Bitcoin’s leadership over other cryptocurrencies ebbs and flows — an unnerving factor for traders trying to score with the next hot digital coin. Investors saw this last year when bitcoin’s 1,400 percent surge dominated headlines, yet smaller peers such as Ripple and Stellar far outperformed theFULL STORY

Google begins blocking annoying ads in its browser

Google has begun a new effort to block annoying ads on its Chrome browser, as part of an initiative aimed at improving the online advertising ecosystem that provides the bulk of its revenues. The new ad filtering system introduced this week aims to eliminate the mostFULL STORY

Renault reports ‘exceptional results’

French carmaker Renault SA said on Friday it made record profits and sales last year, leading the board to give CEO Carlos Ghosn a new four-year term. Renault’s board cited the company’s “exceptional results” in recommending that shareholders renew Ghosn’s term after his mandate expires inFULL STORY

Unilever uncovers palm oil supply chain in rare move

Consumer goods giant Unilever PLC said on Friday it had laid bare its entire palm oil supply chain, including all the suppliers and mills it sources from, to boost transparency in a rare industry move. Unilever said it was the first consumers goods company to publishFULL STORY

Young people in UK experience decline in homeownership

Homeownership among young adults in Britain has plunged over the past two decades as property prices have climbed dramatically faster than incomes, researchers said on Friday. Adults aged 25 to 34 and earning between £22,200 and £30,600 (US$31,142 and US$42,925) experienced the sharpest decline in homeownershipFULL STORY

Swedish companies slam deportations of skilled workers

The heads of Sweden’s largest companies, including clothing giant Hennes & Mauritz AB (H&M) and telecoms maker Ericsson AB, on Friday denounced deportations of highly skilled workers as the nation’s technology sector suffers a shortage of staff. In a letter published by the financial daily DagensFULL STORY

World Business Quick Take

IMF Lagarde examines US tax cut IMF managing director Christine Lagarde said on Friday the US President Donald Trump administration’s US$1.5 trillion tax cut could prompt other nations to follow suit, fueling a “race to the bottom” that risks hemming in public spending. The effects of theFULL STORY

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