Saturday, May 21, 2016

China: The US will remain the world's No. 1 power for a long time

China: The US will remain the world's No. 1 power for a long time

Obama ChinaREUTERS/Gary CameronUS President Barack Obama faces a joint news conference with Chinese President Xi Jinping in the Rose Garden at the White House in Washington, September 25, 2015.
The United States will remain the world’s leading power for a long time, Foreign Minister Wang Yi said on Friday, but he stressed global affairs should not be dominated by one country.
Wang made the remarks during an interview with the Qatar-based broadcaster Al Jazeera, ahead of the seventh ministerial conference of the China-Arab States Cooperation Forum in Doha last week, and the transcript of the interview was released on Thursday night.
When asked whether China, the world’s second largest economy, had prepared to replace a declining US as global leader, Wang replied “from what we know about the country, the US will probably remain the world’s No 1 for a fairly long time.”
But, he added: “This does not mean that the world can only be led by one country, which, in fact, is simply impossible.”
Wang criticized Washington’s role in the South China Sea, blaming it for raising tensions in the disputed waters. Relations in the region, especially between the US and China, have become strained, with Washington accusing Beijing of militarizing the sea by creating artificial islands, some of them fortified.
Beijing, in turn, has criticized increased US naval patrols and exercises in its “pivot” to Asia.
Wang said every country had the right to defend itself and it was “perfectly normal” for China to set up self-defence facilities in the South China Sea while other nations did likewise.
“Who is engaging in massive military exercises in the region?” Wang said. “Who is sending a lot of advanced weaponry to the South China Sea and building new military bases? The answer is all too clear: the United States.”
US South China SeaUS NavyThe aircraft carrier USS Nimitz, the guided-missile cruiser USS Chosin, the guided-missile destroyers USS Sampson and USS Pinkney, and the guided-missile frigate USS Rentz operate in formation in the South China Sea.
The remarks come ahead of an expected ruling by the Permanent Court of Arbitration in The Hague in the coming weeks in a case launched by the Philippines contesting the legality of China’s “nine-dash line” demarcating most of the South China Sea as its territory. Beijing rejects the court’s authority and blames Manila for not settling the disputes through bilateral negotiations.
“It is the Philippines who still refuse to negotiate or consult with us,” Wang said, adding that it was Manila’s actions that “lacked legality and legitimacy from the very beginning.”
Wang denied China would “fill the vacuum” in the Middle East after the US withdrew its forces from the region. The people of those nations should work together for a better future, he said, but other countries would help.
He also stressed the importance of ties with Arab countries in Beijing’s “One Belt, One Road” trade initiative linking China and east Asia with Europe.
Read the original article on South China Morning Post. Copyright 2016. Follow South China Morning Post on Twitter.

Friday, May 20, 2016

Google is finally smashing Android and Chrome together and it’s awesome

Google is finally smashing Android and Chrome together and it’s awesome

Chrome and PlayGoogle
Google just took a big step to unite its two operating systems, Chrome and Android, and it's great news for users. 
The Android app store, Play, is coming to Chrome OS, the software that runs on its Chromebook laptops, Google announced at its IO developers' conference on Thursday. 
That means that Chromebooks will soon be able to run most of the 1.5 million Android apps out there. 
The functionality will launch with three new Chromebooks this summer, with additional devices getting the functionality in the fall. 
This move brings a lot more functionality to Google's laptops. Demos on stage show how easy it will be to do something like edit a photo in Adobe's Photoshop app with a bigger screen or have more control while playing a previously Android-only game like Clash of Clans. 
"You can write your term paper and get your Snapchats all on the same device without ever having to take your phone out of your pocket," a Chrome product manager said on stage. 
It's also a long time coming: Google promised that Android apps would be coming to Chromebooks way back in 2014.
Users will be able to just click on the Play Store icon on their Chromebook dock and search for apps exactly like they would on an Android. 
ChromebooksJillian D'Onfro
It's also good news for app developers, who will be able to reach more users in different ways. For example, a Google exec said on stage, people tend to be more likely to pay for apps they use on their computers, than on their smartphones. It won't be without some effort though: most smartphone apps will look pretty lousy on the big screen of a Chromebook device, so developers will have to make some tweaks to their design. 
Read the original article on Business Insider. Copyright 2016. Follow Business Insider onTwitter.

For the first time, Google beat Apple in PC sales — and that's really bad news for Microsoft

For the first time, Google beat Apple in PC sales — and that's really bad news for Microsoft

Today, two very important things happened for the future of the PC as we know it. 
First: For the first time ever, low-cost Google Chromebook laptops outsold Apple's Macs during the most recent quarter, analyst firm IDC tells The Verge.
Manufacturers including Dell, Lenovo, and HP sold over 2 million Google-powered Chromebooks combined, versus around 1.76 million Macs, IDC estimates.
Second: those same Google Chromebooks are getting full access to Android's Google Play store, opening the door for those laptops to run a significant portion of the 1.5 million Android apps out in the wild.
For Apple, it's not necessarily great news, but it's not the end of the world, either. Quarter after quarter, Macs have shown sales growth, bucking the overall shrinkage of the PC industry. And Apple has always been a company that's content to completely and profitably own a small piece of a much larger pie.
But for Microsoft, it means that the pressure is on — Google's slow-but-steady attack is bearing some real results, and it's not great news for Windows 10.

Why people like Chrome

The key concept of the Chromebook is simplicity and portability. These devices run Google's mega-lightweight Chrome OS, which is little more than a web browser. That works fine, given that the vast majority of stuff that most people do on computers is based around the browser, anyhow. 
That limitation becomes a strength, too: Because so little data is stored locally, it means that nothing is lost if you break or lose a Chromebook. It's all in the cloud, no matter what. And because the technical requirements for running a browser are so low, you still get reasonable performance, even from a sub-$200 laptop. 
asus chromebook c201GoogleThe Asus Chromebook C201 is a sub-$200 laptop that runs Google's Chrome OS.
That combination of low cost and resiliency is an offer that lots of schools, especially, can't refuse. Chromebooks continue to see their strongest growth in the educational space.
Add Android apps to that mix, and it gets even better. Android is the most popular operating system in the world. Any software today is likely going to be available on Android, the web, or both. It means that for Chromebooks, and indeed any Chrome OS device, there's basically nothing you won't be able to do.
Google is basically taking its wildly successful smartphone operating system and smashing it together with Chrome OS to make it a more useful desktop operating system.
Microsoft is taking the opposite tack with Windows. 

Where Windows 10 is going

With its Universal Windows Platform iniative, Microsoft is trying to convince developers — mainly the new breed of smartphone app developers — to bring their services to Windows 10 and its Windows Store.
It's basically trying to take its existing lead in desktop operating systems, and extend it down to the things people usually do on their phones nowadays. 
They've had some success at attracting big names like Uber, Facebook, and Hulu, but Windows 10 just doesn't have the same thriving ecosystem of, say, Google's Android. Thanks toMicrosoft's lack of presence in the smartphone world, many developers would rather focus their efforts on iOS and Android.
microsoft universal windows platformMatt Weinberger/Business InsiderA slide from Microsoft's GDC 2016 talk.
For now, that's fine. Windows 10 still runs all of the old-school Windows software that consumers and business are used to, and you can still use your web apps. Increasingly, though, the next generation of great stuff is being written for the smartphone, or for the web, because that's where the customers are. 
It's a future that Chromebooks will be uniquely well-positioned to take advantage of, with that all-important community of Android app developers, plus the mega-popular Chrome web browser. 
And while Google doesn't make its own Chromebook laptops, with the exception of the super-high-end Chromebook Pixel line, the Chromebooks represent significant new territory for Google's Android business and overall reach. 
Windows still has a clear lead now, but the PC market is shrinking, with little chance of a turnaround. If Chromebooks are growing amid those conditions, it's just another challenge for Microsoft to overcome.

Yahoo bids may be coming in way lower than expected

Yahoo bids may be coming in way lower than expected

Marissa MayerBrian Ach/Getty Images for TechCrunch
Yahoo  $36.32
YHOO+/--0.70%-1.90
Disclaimer
Yahoo might be worth a whole lot less than anyone thought.
The beleaguered technology company's core business is up for sale after years of lackluster performance, with bidders including frontrunner Verizon, inventor Dan Gilbert (backed by Warren Buffett), TPG, and a consortium that includes Bain Capital and former Yahoo CEO Ross Levinsohn.
The Wall Street Journal reported on Thursday, citing people familiar with the matter, that the bids were expected to be $2 billion (£1.3 billion) to $3 billion (£2 billion) — significantly less than previously expected.
The range is less than half the $4 billion to $8 billion that was expected in April. And it is far, far below Yahoo's $35 billion (£24 billion) market cap. Much of Yahoo's value, however, is derived from its stake in the Chinese e-commerce company Alibaba.
It's also worth keeping in mind that this is an auction — bidders will naturally downplay their interest in the hopes of getting a better price.
On Friday morning, CNBC's David Faber, citing his own sources familiar with the matter, said he expects bids to be closer to the $4 billion to $5 billion range.
But still, it's a sign of how far Yahoo has fallen. Back in 2008, Microsoft tried to buy Yahoo for $45 billion — more than 10 times the figures being thrown about now.
The Journal reports that the deadline for this round of bids in the first week of June.

Saudi Arabia is borrowing more money as its reserve cash pile burns

Saudi Arabia is borrowing more money as its reserve cash pile burns

jokermoneyburnThe Dark Knight the Movie
Saudi Arabia is set to launch its first international bond to help shore up the country's finances in the wake of persistently low oil prices, says the Financial Times. Oil prices have dropped from highs in the triple digits in June 2014 to about $40 to $50 per barrel.
The FT, citing unnamed sources, said that Saudi Arabia is talking to international banks to start arranging a sovereign debt issue.
The size of the bond was not specified in the report.
The bond isn't the first round of borrowing for Saudi Arabia this year, as the country burns through its cash pile.
In April Saudi Arabia raised a $10 billion ($6.85 billion) bond from JPMorgan, HSBC and Bank of Tokyo-Mitsubishi in the form of a five-year loan, which was over-subscribed.
This loan will increase Saudi Arabia's debt levels from 7% of GDP in 2015 to 50% of GDP by 2020.
Saudi Arabia is desperate for cash because it is still heavily dependent on oil to bring in revenue.
Oil prices have dropped by 50% since June 2014 and that is hurting its budget deficit — the amount by which expenditures exceeded revenue.
Oil revenues make up 77% of the country's total revenue. Oil revenue is down by 23% on the previous year.
The HSBC analysts said that for the month of February, the country's foreign-exchange holdings dropped by more than $9 billion, falling to their lowest level in nearly four years, and are continuing their slide lower. Reserves had fallen by £14 billion in January.
The amount of reserve assets held by the Saudi government stood at $593 billion, more than $150 billion (£104 billion) down from its recent peak in late 2014.
As a result, for the second time in four months, the ratings agency S&P downgraded Saudi Arabia's debt rating, which makes it more expensive for Saudi Arabia to borrow money.
Saudi Arabia is now trying to curtail the kingdom's "addiction" to oil by implementing a planto diversify the economy, called "Vision 2030."

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