Stung 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 […]
Read moreHackers using the name “Mr. Smith” posted a fresh cache of stolen HBO files online Monday, and demanded that HBO pay a ransom of several million dollars to prevent further such releases. The data dump included what appear to be scripts from five “Game of Thrones” episodes, including one upcoming episode, and a month’s worth […]
Read moreChina is set to report trade data for the month of July on Tuesday after 10 a.m. SIN/HK as market watchers keep their eyes on the world’s second-largest economy ahead of a key Communist Party meeting in the fall. Analysts polled by Reuters expected a 10.9 percent rise in Chinese exports in July from a […]
Read moreAsian indexes hovered close to the flat line in early Tuesday trade as investors watched for the release of China July trade data due later in the session. Japan’s Nikkei 225 dipped below the flat line, trading lower by 0.08 percent in early trade. South Korea’s benchmark Kospi index edged up 0.07 percent. In Australia, […]
Read moreJim Cramer loves when historical patterns pop up in the stock market, especially ones like the recent concerns about FANG stocks being overvalued and emblematic of the 2000 tech bubble. “But you know that history doesn’t always repeat itself. In fact, there are times when it can lead you very much astray,” the” Mad Money” […]
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