REUTERS: U.S. stock index futures slid on Friday, after an escalation in trade tensions with China renewed fears of a global economic slowdown, ahead of a closely watched jobs report.President Donald Trump's threat to slap a 10per cent tariff on US$300 billion of Chinese imports from next month, sent global markets tumbling overnight and investors fleeing for perceived safe-havens like U.S. Treasuries and the Japanese yen.China on Friday said it would not be blackmailed and warned of retaliation."The negative mood across markets suggests that investors are jittery," Lukman Otunuga, senior research analyst at FXTM, said in a note, warning again on the potential impact on growth.Industrial bellwethers Boeing Co and Caterpillar Inc fell 0.5per cent and 1per cent, respectively, in premarket trading.Shares of tariff-sensitive Apple Inc slid 1.1per cent, while chipmakers, which get a large portion of their revenue from China, also took a hit.The sudden escalation in the trade rhetoric … [Read more...] about Trump tariff threat hits Wall Street for second day
Future data storage
India plans $330-B renewables push by 2030 without hurting coal
NEW DELHI - India said on Thursday it needs $330 billion in investments over the next decade to power its renewable energy dream, but coal would remain central to its electricity generation. The energy-guzzling country wants to raise its renewable energy capacity to 500 Gigawatts (GW), or 40 percent of total capacity, by 2030. Renewables currently account for 22 percent of India's total installed capacity of about 357 GW. "Additional investments in renewable plants up to year 2022 would be about $80 billion at today's prices and an investment of around $250 billion would be required for the period 2023-2030," according to the government's economic survey presented to parliament on Thursday. India wants to have 175 GW of renewable-based installed power capacity by 2022. The investment estimate reflects the magnitude of financial challenges facing one of the world's most important growth markets for renewable energy, with government data indicating a growth slowdown in private and … [Read more...] about India plans $330-B renewables push by 2030 without hurting coal
AirAsia goes digital with Workday help
AirAsia planes at Kuala Lumpur International Airport 2. (Photo by Dusida Worrachaddejchai) AirAsia is taking a big step into the digital realm by entering a business partnership with Workday, a provider of cloud-based human resources and financial software, to improve workforce management globally."To be more digitally active for the airline's customers, first we have to introduce and try the new technology internally in our office, in this case we started from a human resources point of view," Varun Bhatia, AirAsia's chief people and culture officer, said at a media briefing in Kuala Lumpur. The implementation of a new cloud-based system to collect core data called human capital management (HCM) was launched Wednesday in every AirAsia office, covering more than 22,000 employees, he said. The HCM aims to support the low-cost carrier's employees to be able to plan their career paths in every aspect such as performance management which will stimulate employees to … [Read more...] about AirAsia goes digital with Workday help
NetApp boasts to power data-driven organizations to succeed
NetApp’s cloud-connected flash solutions, an element of a Data Fabric strategy, provide the simplicity, operational efficiency and protection needed to support innovation, add unprecedented performance and power the most demanding data sets and technologies, such as artificial intelligence or 5G networks. Only NetApp delivers everything that companies need to build their own unique Data Fabric that spans public cloud, private cloud and on-premises environments. With NetApp solutions, this Data Fabric can deliver applications that engage users and can provide analytics that turn insights into a competitive advantage, NetApp said in a press statement. “As enterprises evolve to new, more data-centric business models where data is a key strategic resource, data availability requirements are on the rise,” said Eric Burgener, research vice president, Infrastructure Systems, Platforms and Technologies Group, IDC. “NetApp’s cloud-connected flash solutions, … [Read more...] about NetApp boasts to power data-driven organizations to succeed
Comelec willing to open transparency server logs
MANILA, Philippines — The Commission on Elections (Comelec) is willing to open the logs of the transparency server at the Parish Pastoral Council for Responsible Voting (PPCRV) headquarters to dispel doubts on the integrity of the midterm polls. The transparency server is a system that receives electronically transmitted results from polling precincts to the PPCRV that is doing quick counts for the senatorial and party-list races. At a media briefing yesterday, Comelec Commissioner Rowena Guanzon admitted that the credibility of the elections could be questioned due to delays in transmission. But personally she said she could declare there was no cheating or “magic” that happened. Guanzon, however, gave assurance that the poll body is open to public scrutiny. “You can verify it. We are willing to have a third party that will do an audit to see the activities of the transparency server,” she said. Guanzon noted that by accessing the logs of the … [Read more...] about Comelec willing to open transparency server logs