Datadog went public on Thursday and instantly hit a $10 billion valuation, becoming the fourth cloud software debut to reach that level this year.Technologyread more
There are challenges with Iran, North Korea, the Afghan Taliban, Israel and the Palestinians — not to mention a number of trade pacts.Politicsread more
Blackstone Executive Vice Chairman Tony James says he's less optimistic now than before that the U.S.-China trade war could be resolved, but even a smaller deal could help...World Economyread more
In his new memoir, "The Ride of a Lifetime," Iger explains why he decided against the deal to buy Twitter.Technologyread more
In perhaps Buffett's first televised profile, he explained a method of investing that prioritizes bargains and makes use of an occasional baseball analogy.Marketsread more
The massive market transformation this month that some on Wall Street called a "once in a decade opportunity" might have just been a one-off technical move because of taxes.Marketsread more
A 58% majority of registered voters express unease about voting for Trump, but slightly more say the same about Joe Biden and Bernie Sanders, while Elizabeth Warren fares only...Politicsread more
A temporary airspace closure forced flights coming into Dubai from Australia, Singapore and India to be diverted to nearby airports.Airlinesread more
Schiff had previously shied away from calling for impeachment, but his comments on CNN's "State of the Union" indicate his stance has shifted.Politicsread more
As the home to major companies such as Garmin, Sprint, H&R Block and Russell Stover Chocolates, plenty of business travelers find themselves in Kansas City for work. Here's...Travelread more
The United States aims to avoid war with Iran and the additional troops ordered to be deployed in the Gulf region are for "deterrence and defense," U.S. Secretary of State...Politicsread more
New Zealand is now the world's easiest place to do business, a new World Bank study found, pushing Singapore out of its decade-long place at the top of the widely followed rankings.
To start a company, applicants in the Kiwi economy only need to undertake a single procedure that takes half a day of processing, versus the global average time of 21 days. New Zealand also took the top spot when it came to dealing with construction permits, registering property, getting credit, and protecting minority investors.
The county moved up up one place from last year thanks to its riddance of the cheque levy, which made paying taxes easier, the World Bank found.
"Simple rules that are easy to follow are a sign that a government treats its citizens with respect. They yield direct economic benefits—more entrepreneurship; more market opportunities for women; more adherence to the rule of law," Paul Romer, World Bank chief economist and senior vice president, said in a statement.
The annual report measures regulation related to the launch, operation and expansion of private sector businesses in 190 countries, such as getting electricity, enforcing contracts, resolving insolvency and labor market regulation. Gender components were added to the World Bank's methodology for the first time this year, including a woman's ability to own, use and transfer property.
Singapore ranked second, followed by Denmark, Hong Kong, South Korea, Norway, the United Kingdom, the United States, Sweden, and Macedonia. It was the first time the former Yugoslav Republic broke into the top ten rankings. Venezuela, Libya, Eritrea and Somalia rounded out the bottom of the rankings.
Overall, the World Bank said emerging markets made significant progress in terms of reforms undertaken.
137 out of the 190 countries measured are undertaking at least one reform, a record high, noted Rita Ramalho, one of the report's lead authors.
Brunei (no. 72 on the list), Kazakhstan (no. 35), Kenya (no. 92), Belarus (no. 37), and Indonesia (no. 91) were among the top 10 demonstrating the most notable improvements.
Brunei for example increased the reliability of power supply, began distribution of consumer data from utility companies to improve access to credit, and passed a new insolvency law that offered protection for secured creditors.
Elsewhere, paying taxes in the Philippines (no. 99) now takes only 28 separate payments, versus 48 a decade ago. In Rwanda (no. 56), the time to register a property transfer has dropped from 370 days a decade ago to 12 days currently. Meanwhile, the time needed to connect to electricity in India (no. 130) is now about 45 days, versus 138 days in the 2013-14 fiscal year.
By region, Europe and Central Asia boasted the highest average number of reforms per economy and "is now close to having the same good practices in place as the OECD high-income economies," the World Bank said.