S.Korea beats Japan to become world No.2 in chip industry

S.Korea beats Japan to become world No.2 in chip industry

SEOUL, March 24 (Xinhua) — South Korea beat Japan to become the world’s second largest manufacturer in the global semiconductor industry, the trade ministry said Monday. Read more of this post

Personalized medical treatment based on genetic testing has become a lucrative global industry said to be worth US$30 billion

Personalized medicine based on genetic testing worth US$30bn

Staff Reporter

2014-03-25

Personalized medical treatment based on genetic testing has become a lucrative global industry said to be worth US$30 billion, reports the Chinese-language Global Entrepreneur magazine. Read more of this post

France’s No. 3 smartphone brand Wiko is actually owned by a Shenzhen company called Tinno which sold 14 million smartphones worldwide with an average unit price of US$23, equating to annual sales of US$320 million

Leading French smartphone brand Wiko owned by Chinese company

Staff Reporter

2014-03-25

France’s No. 3 smartphone brand Wiko is actually owned by a Chinese company, reports Huaqiu, the Chinese-language website of the nationalistic tabloid Global Times.

Read more of this post

Mobile apps for logistics services gain traction in China

Mobile apps for logistics services gain traction in China

Staff Reporter

2014-03-25

The mobile internet has changed our lives, from chatting, shopping and hailing a taxi through a mobile phone, to using a mobile device to access banking services. This trend has also impacted the traditional retailing, financial and transport industries and even the logistics sector to various degrees, reports the Chinese-language National Business Daily. Read more of this post

Chinese Smartphone Makers, Qualcomm in Battle Royale over Patent Payments

03.24.2014 19:44

Chinese Smartphone Makers, Qualcomm in Battle Royale over Patent Payments

Country’s device manufacturers take complaints over high rates for chipmaker’s royalties to top economic planner, which is investigating

By staff reporter Qin Min

(Beijing) – As the country moves into the next generation of wireless networks, handset vendors hope an anti-trust probe into computer chip giant Qualcomm Inc. will put an end to what they see as discriminatory patent fees. Read more of this post

‘NK could be next Chernobyl’; “If North Korea transfers its nuclear weapons to terrorist groups, it would pose a great challenge to world peace”; Park proposes Pyongyang as pilot case to make nuclear-free world

Updated : 2014-03-25 07:28

‘NK could be next Chernobyl’
Park proposes Pyongyang as pilot case to make nuclear-free world

By Kim Tae-gyu
THE HAGUE ― President Park Geun-hye proposed denuclearizing North Korea, Monday, as a pilot program to make a world free of nuclear weapons. Read more of this post

Asia to unite for stable gas supply; Flexible gas pricing to end Asian premiums

Updated : 2014-03-24 19:04

Asia to unite for stable gas supply
By Choi Kyong-ae

Asian buyers of liquefied natural gas (LNG) will join forces to secure gas in the rapidly-growing Asian market, regional energy experts said in Korea, Monday. Read more of this post

Seeking Autism’s Biochemical Roots

Seeking Autism’s Biochemical Roots

MARCH 24, 2014

Claudia Dreifus

The biochemist Ricardo E. Dolmetsch has pioneered a major shift in autism research, largely putting aside behavioral questions to focus on cell biology and biochemistry. Read more of this post

Ripples From the Big Bang: The telescopic discovery of gravitational waves believed to have been left from the origin of the universe will reverberate for years to come

Ripples From the Big Bang

MARCH 24, 2014

Dennis Overbye

CAMBRIDGE, MASS. — When scientists jubilantly announced last week that a telescope at the South Pole had detected ripples in space from the very beginning of time, the reverberations went far beyond the potential validation of astronomers’ most cherished model of the Big Bang. Read more of this post

Is the World More Depressed?

Is the World More Depressed?

MARCH 24, 2014

T. M. Luhrmann

I’VE been in and out of India for years, but on a recent visit to Chennai, in the state of Tamil Nadu, it seemed that suicide and depression had become part of the social conversation in a way that was once taboo. Read more of this post

As airlines rely on sophisticated calculations to harvest every drop of profit, routes from small and midsize city airports are increasingly being dropped

Smaller Airports Are Being Left Behind

MARCH 24, 2014

By JOE SHARKEY

MY son Chris is on a business trip in India this week, and his choice of how he got there from his home in Tucson underscores a reality in air service. More often these days, business travelers will choose to drive a few hours to a bigger airport because airline service is not as convenient at their local airport. Read more of this post

The first law of website design is that the owners of a company usually hate their new site within 24 months

MARCH 24, 2014, 7:00 AM  2 Comments

Why I Redesigned My Website

By JOSH PATRICK

Are you getting the most out of your business?

As soon as you finish your new website’s design, it’s time to start figuring out how to change it. At least, that’s how it has always been for me. But this time around I actually had a good reason. Read more of this post

A Question of What’s a Reasonable Reward: A money manager claims Coca-Cola allocated as much as $24 billion toward stock-based rewards for its senior people

MARCH 24, 2014, 8:51 PM  Comment

A Question of What’s a Reasonable Reward

By ANDREW ROSS SORKIN

Earlier this month, Coca-Cola sent out its annual report and proxy statement to shareholders.

The red-and-white report was relatively predictable. Until you get to Page 85.

That’s the page that stopped an analyst who works for David Winters, a longtime money manager and founder of Wintergreen Advisers, in his tracks. Read more of this post

Backstage with Xerox CEO Ursula Burns; On the problems facing the world’s growing population, the challenges of M&A, and the one thing people don’t understand about Xerox

Backstage with Xerox CEO Ursula Burns

By Andrew Nusca March 24, 2014: 5:30 AM ET

On the problems facing the world’s growing population, the challenges of M&A, and the one thing people don’t understand about Xerox.

FORTUNE — Ahead of her keynote at her company’s inaugural Simple@Work conference in New York City, Xerox (XRX) chief executive Ursula Burns sat down with Fortune senior editor Andrew Nusca for a wide-ranging discussion on the motivation of overpopulation, popular perception of Xerox, and her biggest business challenge for 2014. Below are her words, edited and condensed for clarity. Read more of this post

Albemarle & Bond: a business you’d struggle to pawn; Breakneck expansion and the fall in the gold price have done for the high-street pawnbroker that has wiped out its shareholders

Albemarle & Bond: a business you’d struggle to pawn

Breakneck expansion and the fall in the gold price have done for the high-street pawnbroker that has wiped out its shareholders

By Alistair Osborne, Business Editor

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8:35PM GMT 24 Mar 2014

So, what do you call something that you’d struggle to pawn? Albemarle & Bond, as it turns out. Read more of this post

What the Wolves of Wall Street can teach us about risk; Simplifying the financial system is the only durable way to minimise risk

What the Wolves of Wall Street can teach us about risk

Simplifying the financial system is the only durable way to minimise risk

“What a commentary on the state of twentieth-century capitalism,” mused “motivational speaker” Jordan Belfort as he looked back on his life of fraud, sex, and drugs. As head of the brokerage firm Stratton Oakmont, he fleeced investors of hundreds of millions of dollars in the early 1990’s. I saw Martin Scorsese’s film The Wolf of Wall Street and was sufficiently intrigued to read Belfort’s memoir, on which the screenplay is based. I learned quite a lot. Read more of this post

The real story behind smarter working in a small business; Hannah Godfrey interviews Simon Duffy, the co-founder of men’s skincare brand Bulldog, to see how a small business can effectively implement a smarter working strategy

The real story behind smarter working in a small business

Hannah Godfrey interviews Simon Duffy, the co-founder of men’s skincare brand Bulldog, to see how a small business can effectively implement a smarter working strategy.

Hannah Godfrey

theguardian.com, Monday 24 March 2014 10.19 GMT

There is a real art to making a small business work, according to Simon Duffy, co-founder of the men’s skincare brand Bulldog. All entrepreneurs have heard about the importance of the great idea, they know that a successful entrepreneur must have an unshakable confidence is his or her project and value hard grind. All these things are important, but, Duffy believes, if you don’t also have the humility to see that you are not the best person to do everything, then your project is likely to flounder. Read more of this post

Capital controls feared in Russia after $70bn flight; Investors are withdrawing money at a rapidly increasing rate amid sanctions; Europe’s dependence on Russia for energy is likely to ease after the US announced an export deal

Capital controls feared in Russia after $70bn flight

Investors are withdrawing money at a rapidly increasing rate amid escalating sanctions from the West

Europe’s dependence on Russia for energy is likely to ease after the US announced an export deal Photo: AFP/GETTY

By Ambrose Evans-Pritchard

8:16PM GMT 24 Mar 2014

Capital flight from Russia has spiked dramatically since President Vladimir Putin first sent troops into Crimea and may reach $70bn (£42bn) over the first quarter of the year, prompting fears that the country may soon have to impose capital controls to stem the loss. Read more of this post

The Heretic’s Guide to Getting More Done: Daydream as often as you want; Spend less time on key decisions; Be more “mindful” than focused

The Heretic’s Guide to Getting More Done

by David Brendel  |   1:00 PM March 24, 2014

Are you working endlessly but not accomplishing all you want? Mystified that continuous attention to work is not resulting in satisfactory progress toward your goals? So focused on work that you’re not thinking about or doing much else? If so, you may not be giving your brain the benefit of adequate downtime. A recent article in Scientific American, Why Your Brain Needs More Downtime, summarizes the evidence that “mental breaks increase productivity, replenish attention, solidify memories, and encourage creativity.” Read more of this post

Behind Indonesia’s Political Party Labels, a Lack of Substance

Behind Indonesia’s Political Party Labels, a Lack of Substance

By Vita A.D. Busyra on 10:01 am Mar 24, 2014

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Prabowo Subianto rides his horse into a campaign rally for the Great Indonesia Movement Party (Gerindra) on Sunday. (JG Photo/Afriadi Hikmal)

  1.  The constellation of parties competing in next month’s legislative election appears to run the gamut of the political spectrum, from nationalist to populist to Islamic conservative. But dig a little deeper beneath the labels, analysts say, and the truth is that there is very little to distinguish any of the 12 parties vying for votes.

Read more of this post

Technical innovation sets off major transformation in Asia

Technical innovation sets off major transformation in Asia

Noel Quinn
March 25, 2014 1:00 am

Asian high-tech innovation, amplified by a growing appetite for research and development, is about to transform the region.

Much of the first phase of the Asian miracle has been driven by the production of high-tech goods – the tens of millions of smartphones, flat-screen televisions and computers that have flowed off production lines since 1980.  Read more of this post

What do you think are the ideas that have had the biggest, positive impact on people’s lives over the last 30 or 40 years? Author of “The Upside of Down,” Charles Kenny, talks to Ezra Klein about how the world is getting much, much better

Author of “The Upside of Down,” Charles Kenny, talks to Ezra Klein about how the world is getting much, much better.

Ezra Klein: What have we made progress in that people don’t always recognize? Give me the optimistic view of the world over the last 50 years.

Charles: It’s almost easier to tell you what isn’t getting better. Life expectancy has gone up worldwide. Child mortality has shot down. The number of kids who die before the age of five has halved worldwide in the last 20 years. The number of people dying of violence — either on the battlefield or from domestic violence or from murder — is dropping pretty much worldwide. Last year there wasn’t a single declared interstate war. The number of countries that are democratic has been increasing. The number of countries that really respect their civil political rights more generally going up. If you look at beer consumption it’s been going up worldwide. Read more of this post

China Banks Drained by Funds Called Vampires Seek Rules

China Banks Drained by Funds Called Vampires Seek Rules

It has been labeled a “blood-sucking vampire” by a prominent commentator on state-run television. Executives at China’s largest banks have called for regulators to curb its rapid expansion.

Jeremy Grantham: The Fed is killing the recovery

Jeremy Grantham: The Fed is killing the recovery

By Stephen Gandel, senior editor March 24, 2014: 5:00 AM ET

The money manager argues that the Fed’s interventions have ruined the very recovery it was supposed to stimulate and that the market is poised to disappoint investors.

FORTUNE — If you hate the Federal Reserve, you have a new hero. Read more of this post

How A 34-Year-Old With No Experience In Food Science Convinced Investors To Give Him $30 Million To Make Eggs Obsolete

How A 34-Year-Old With No Experience In Food Science Convinced Investors To Give Him $30 Million To Make Eggs Obsolete

JAY YAROW TECH  MAR. 25, 2014, 8:35 AM

Hampton Creek, a startup that’s creating plant-based alternatives to eggs, announced $23 million in funding last month.

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That brings the total funding to $30 million from investors. Asia’s richest man, Li-Ka Shing, is an investor. As is the world’s richest man, Bill Gates. It also has investment from Yahoo founder Jerry Yang, Khosla Ventures, and the Founders Fund.  Read more of this post

7 Books Every Leader Should Read, According To A Harvard Business School Professor

7 Books Every Leader Should Read, According To A Harvard Business School Professor

FARNAM STREET STRATEGY  MAR. 24, 2014, 10:40 PM

Max Bazerman, a business psychology professor at Harvard Business School and the author of the best book on general decision making that I’ve ever read, “Judgment in Managerial Decision Making,” came out with 7 book recommendations.

I hadn’t heard of two of these, which I picked up. Read more of this post

The Art and Science of Negotiation; Raiffa provides insight into how to think systematically in a world where you cannot count on the other side to do so

The Art and Science of Negotiation [Paperback]

Howard Raiffa (Author)

Book Description

Release date: April 14, 1985 | ISBN-10: 067404813X | ISBN-13: 978-0674048133 | Edition: Reprint

Whether you are selling a house, closing a business deal, settling a divorce, arbitrating a labor dispute, or trying to hammer out an international treaty, Howard Raiffa’s new book will measurably improve your negotiating skills. Read more of this post

Moral Tribes: Emotion, Reason, and the Gap Between Us and Them“

Moral Tribes: Emotion, Reason, and the Gap Between Us and Them [Hardcover]

Joshua Greene (Author)

Book Description

Release date: October 31, 2013 | ISBN-10: 1594202605 | ISBN-13: 978-1594202605

The Boston Globe
“Surprising and remarkable… Toggling between big ideas, technical details, and his personal intellectual journey, Greene writes a thesis suitable to both airplane reading and PhD seminars.” Read more of this post

Eyewitness To Power: The Essence of Leadership Nixon to Clinton

Eyewitness To Power: The Essence of Leadership Nixon to Clinton Paperback

by David Gergen (Author)

Leadership: The Ultimate Guide
Few Americans have observed the ups and downs of presidential leadership more closely over the past thirty years — from Nixon to Clinton and Watergate to Whitewater — than David Gergen. A White House adviser to four presidents, both Republican and Democrat, he offers a vivid, behind-the-scenes account of their struggles to exercise power and draws from them key lessons for leaders of the future. Taking us inside the administrations of Nixon, Ford, Reagan, and Clinton, Gergen reflects on everything from why Nixon was the best global strategist among recent presidents to how the Bill-and-Hillary seesaw rocked the White House during Clinton’s tenure as president.  Read more of this post

Financial advisers explore exotic options; Plain vanilla is simply not on the menu any more, as advisers scan the markets in search of ways to generate yield in their clients’ portfolios

March 25, 2014 12:02 am

Financial advisers explore exotic options

By Tom Stabile

Plain vanilla is simply not on the menu any more, as advisers scan the markets in search of ways to generate yield in their clients’ portfolios. Advisers have set aside the standard Treasury bond in favour of a wider range of fixed income and equity options that can produce income, often swirling several flavours together. Read more of this post