Corporate America's cash-hoarding ways may finally be ending. US nonfinancial companies were sitting on $1.69 trillion at the end of 2018, according to a Moody's Investors Service report released. While that's an epic amount of money, it's down by 15% from the record $1.99 trillion at the end of 2017. The decline - the first since Moody's began tracking the figures in 2007 - reflects a major shift driven by the 2017 tax overhaul, strong economic growth and mega share buybacks.
For decades, China's development path has seemed clear. State management of key industries coupled with some level of free-market liberalization elsewhere have made it easy to imagine that the country would soon return to superpower glory. But that will not happen now. China will have to accept a US-dominated world order or step into the slow lane. There will be no Pacific century and all those historical wrongs will not be righted, certainly not this time. America has played its Trump hand very well.
More than three decades since an international moratorium on commercial whaling was brought into force, Japan has withdrawn from the agreement and is poised to resume hunting the animals from next month. The country signed up to the International Whaling Commission in 1982 and stopped commercial operations in 1986.Since then it has continued to hunt whales, though ostensibly only for "scientific" reasons. A fleet of five vessels is due to embark on the first commercial whaling mission on 1 July, the Japan Times reports.
Microsoft and Oracle announced a partnership that bridges the gap between Microsoft Azure and Oracle Cloud Infrastructure (OCI). Enterprise customers with investments in Microsoft and Oracle technology stacks can take advantage of the interoperability and integration by deploying applications that run across the two public cloud environments. Here are a few scenarios that Microsoft and Oracle are enabling for customers. Both Microsoft and Oracle have invested in dedicated private networks to connect enterprise data centers with their respective cloud platforms.
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