A new financial plan for the U.K. is due Wednesday, with the announcement seen as a proxy vote on Theresa May’s leadership and pivotal for the embattled Conservative party. Finance Minister Philip Hammond will reveal the U.K. government’s official Autumn Budget, at a time when he’s under pressure from all sides. Euroskeptics have criticized him […]
Read moreTether, a start-up that offers dollar-backed digital tokens, claimed Monday that its systems had been hacked, according to cryptocurrency news site CoinDesk. Tether reportedly claimed $30.95 million worth of its tokens had been stolen. According to a now deleted post on its website, Tether said a “malicious action by an external attacker” resulted in the […]
Read morePresident Donald Trump’s move to re-list North Korea as a state sponsor of terrorism could undermine diplomatic efforts to halt the rogue state’s nuclear aggression. Pyongyang was previously on the list of terrorist states but it was removed in 2008 as China, Japan, Russia, South Korea and the U.S. held talks with the isolated country […]
Read moreThe U.S. department of Treasury introduced new sanctions Tuesday to curb North Korea’s nuclear and ballistic missile programs. The news follows President Donald Trump‘s Monday announcement, designatingNorth Korea a state sponsor of terrorism. The designation “should have happened a long time ago,” the president said at the start of a Cabinet meeting Monday. The move […]
Read morePersonal shopping is becoming increasing popular and a key tool for retailers seeking to know more about how people shop. The trend is global and there is now a wave of new businesses seeking to take advantage of personal fashion advice. “H&M, for example, could produce a dress and not know why it’s not selling. […]
Read moreAfter receiving a surprise rating upgrade from Moody’s last Friday, India now has to watch its fiscal health if the country wants similar nods from the other two major agencies, analysts said. The Moody’s upgrade, the first since January 2004, lifted India up a notch to the second-lowest level of investment grade. Standard & Poor’s […]
Read moreSoftBank’s multi-billion dollar investment in Uber opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say. Uber said on Nov. 12 that a planned deal with a consortium led by SoftBank and Dragoneer Investment Group was moving […]
Read morePresident Donald Trump on Monday promised a tax overhaul by Christmas, even as a nonpartisan tax analysis group said the Senate package would leave half of taxpayers facing higher levies by 2027. Speaking before a Cabinet meeting, Trump said, “We’re going to give the American people a huge tax cut for Christmas — hopefully that […]
Read moreFederal regulators are expected to scrap Obama-era rules that require internet service providers to treat all web traffic equally, according to Politco. Federal Communications Commission (FCC) Chairman Ajit Pai, who was appointed by President Donald Trump, will reveal plans on Tuesday to his fellow commissioners to fully dismantle the agency’s core net neutrality rules, Politico […]
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