The U.S. dollar index has fallen by around 9 percent since the start of the year but that could be about to change, according to strategists at Wells Fargo, who suggest the stocks and sectors which could be positively affected amid the move higher. Disappointing economic data, political uncertainty and positive developments abroad have sent […]
Read moreMore than 220,000 people have signed a petition against French President Emmanuel Macron’s plans to create a formal first lady role for his wife Brigitte. Unlike the U.S. first lady, the wife of the French president does not have a formal role, although they are often informal champions for charitable causes. Past presidential wives have […]
Read moreAmerican CEOs have been quick to support strong U.S.-India relations as many see the rising economy as a source of future growth — especially as China slows down. A notable group of CEOs and executives led by Cisco Executive Chairman John Chambers just started a new organization called the U.S.-India Strategic Partnership Forum. The group […]
Read moreMazda Motor Corp. said it would launch a new engine in 2019 that it says would be the world’s first commercial gasoline engine to use compression ignition, unveiling a plan that places traditional engines at the center of its longer-term strategy. As many automakers scramble to get into the electric car segment, the Japanese automaker […]
Read moreStung by the latest round of United Nations sanctions, North Korea is likely on the lookout to expand its illicit trade outlets. But countries who previously did business with the rogue state may now be less inclined to make new deals. Pyongyang props up its nuclear program with income from the sale of various illegal […]
Read moreMoody’s Investors Service cut the outlook for Qatar’s banking system to negative from stable on Tuesday amid a continuing blockade of the country by its neighbors. Qatar has faced a two-month-long economic embargo imposed by a group of fellow Gulf Cooperation Council countries, including Saudi Arabia. The Saudi-led group has presented Qatar with a list […]
Read moreChina’s giant cash pile is increasing — and it’s a sign that the government’s industry-spanning crackdown on money fleeing the country is working. On Monday, official data showed that China’s foreign exchange reserves in July hit $3.081 trillion, the highest in nine months. The figure was up $24 billion from the previous month. That will […]
Read moreAlphabet’s Google has fired an employee who wrote an internal memo that ascribed gender inequality in the technology industry to biological differences. The engineer who wrote the memo confirmed his dismissal saying that he had been fired for “perpetuating gender stereotypes,” in an email to Reuters on Monday. Damore said he is “currently exploring all […]
Read moreIn a memo to employees, CEO Sundar Pichai said the employee who penned a controversial memo about how women had biological issues that prevented them from being as successful as men in tech had violated its Code of Conduct and that the post had crossed “the line by advancing harmful gender stereotypes in our workplace.” […]
Read moreChina will pay the biggest price from the new United Nations sanctions against North Korea because of its close economic relationship with the country but will always enforce the resolutions, Chinese Foreign Minister Wang Yi said. The United Nations Security Council unanimously imposed new sanctions on North Korea on Saturday that could slash its $3 […]
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