The Supreme Court of Kenya has overturned the result of the recent presidential election, meaning the contest will have to be re-run, leading to fears of unrest. Kenya’s President Uhuru Kenyatta won a second term in office on August 11 with a reported 54.3 percent of the vote, but the Supreme Court Friday ruled that […]
Read moreMicrosoft‘s next Windows 10 update will be released on Oct. 17. This update is big, since it includes support for new “mixed reality headsets” that let you step inside of Windows, so long as your computer is powerful enough to support it. The update is officially called the Windows 10 Fall Creators Update. It also […]
Read moreCheck out which companies are making headlines before the bell: DowDupont – The merger of Dow Chemical and DuPont is complete as of today, and the new company – DowDupont – will begin trading today on the New York Stock Exchange under the symbol “DWDP.” Lululemon — The yogawear maker posted adjusted quarterly profit of […]
Read moreThe relationship between China and the U.S. has always been tense when it comes to trade and this is unlikely to change, a member of the monetary policy committee at the People’s Bank of China told CNBC Friday. “Look back 20 years ago, the relationship is always bumping. We always have the problem of trade […]
Read moreThe U.S. agency in charge of enforcing labor law on Thursday filed a complaint against electric carmaker Tesla, saying it found merit to workers’ complaints about unfair labor practices. According to the National Labor Relations Board complaint, Tesla violated workers’ rights by requiring them to sign a confidentiality agreement that could bar them from talking […]
Read moreIn a week that’s already seen a slew of healthy economic data releases, housing appears to be a blemish on an overall strong economic backdrop. This week’s revised second quarter gross domestic product figure beat expectations, notching the fastest quarter-over-quarter pace of growth in 2½ years. Private sector job growth also surpassed estimates. Housing performance, […]
Read moreThe United Nations has become unfit for purpose as it insists on attempting to fix the world’s problems as if it were 1945, an influential member of the Saudi royal family told CNBC. “We are still dealing with the world today as it was dealt with in 1945. We have seen the breakdown of the […]
Read morePresident Donald Trump is expected to rescind an Obama administration policy that protects from deportation nearly 800,000 immigrants who as children entered the country illegally, setting the stage for a fight with U.S. business leaders and lawmakers over tough immigration policy. A senior administration official told Reuters on Thursday that the plan could be announced […]
Read moreCurrency, United States Finance
Mark Zuckerberg calls on Trump to protect ‘dreamers’ from immigration reforms
Facebook CEO Mark Zuckerberg and a host of leading business executives have called on U.S. President Donald Trump to preserve the rights of “dreamers” under an immigration reform program founded by the Obama administration in June 2012. The Deferred Action for Childhood Arrivals program (DACA), a policy that grants leniency to undocumented immigrants brought to […]
Read moreCurrency, United States Finance
Immigration was a ‘legitimate concern’ in Brexit vote, leading UK economist says
A prominent U.K. economist and former chairman of the country’s financial regulator has split with his contemporaries by declaring that immigration was a “legitimate concern” in the Brexit vote last year, which he believes is now being overlooked in the current negotiations with the EU. “I think that the most fundamental reason why the Brexit […]
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