Early Uber investor Shervin Pishevar sent Benchmark Capital another letter asking the firm to step away from the company’s board of directors. In the letter, which Recode obtained, Pishevar claims that Benchmark is working with another major investor — Lowercase Capital — in its effort to remove former CEO Travis Kalanick from the board. Pishevar […]
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First far-right party set to enter German parliament since 1945 claims Merkel’s days are numbered
Angela Merkel may be poised to enter her fourth term as German Chancellor, but the chances of her serving the full four years are becoming increasingly slim, according to her far-right challengers the AfD. The incumbent leader and her Christian Democratic Union (CDU) party are expected to enjoy an easy slide to victory when Germany […]
Read moreChina’s economy is looking good enough that the International Monetary Fund is raising its outlook, but the organization is doing so with a strong warning over growing debt in the world’s second-largest economy. The IMF issued its annual review of China on Tuesday, and has revised its growth forecast to 6.7 percent for 2017, which […]
Read moreIndian and Chinese soldiers were involved in an altercation in the western Himalayas on Tuesday, Indian sources said, further raising tensions between the two countries, which are already locked in a two-month standoff in another part of the disputed border. A source in New Delhi, who had been briefed on the military situation on the […]
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Britain is now seeking a Brexit without borders for Northern Ireland
There should be no border posts between Ireland and the British province of Northern Ireland after Brexit, Britain said in an early attempt to resolve one of the most complex aspects of its European Union exit. Some 30,000 people cross the 500 kilometre border every day without customs or immigration checks, testing negotiators who have […]
Read moreThe dollar climbed overnight on the release of better than expected U.S. retail sales numbers as investors in Asia awaited earnings announcements from several major corporates on Wednesday. U.S. July retail sales rose 0.6 percent, which was stronger than the 0.4 percent forecast in a Reuters poll. Meanwhile, retail sales for the month of June […]
Read moreWeb hosting company DreamHost said on Monday that it would not comply with the U.S. Justice Department’s request for data on more than 1 million visitors to a site it hosts. Last month the federal agency sent DreamHost a search warrant for files, HTTP requests, error logs and other data that contain IP addresses and […]
Read moreThe semiconductor stocks have been trading wildly of late, getting hit in July 2017 and again during last week’s sell-off before bouncing back on Monday. These dramatic moves made Jim Cramer wonder which move was really telling the truth about where the group is headed: down with the pullback or up with the rally? The […]
Read moreThe HBO hack is just one recent example of how cyberattackers are now targeting corporations, and CyberArk chief Udi Mokady said that bitcoin is often used to pay them off. “That’s the requirement of most of these hackers,” the founder, chairman and CEO told “Mad Money” host Jim Cramer on Tuesday. “Many companies choose to […]
Read moreYelp has announced a $287.5 million deal with GrubHub to sell its food-ordering business to Seamless’ parent company, and Jim Cramer sees heaps of potential in the pairing. “To me, it seems like a match made in heaven,” the “Mad Money” host said. “In fact, the only thing I don’t understand is why the two […]
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