President Donald Trump pressed his attacks on US intelligence agencies Thursday, vowing to catch “low-life leakers” amid a battle over contacts with Russia that led to the ouster of his national security adviser. The latest flurry of presidential salvoes came amid reports that Trump plans to name a New York billionaire, Stephen Feinberg, to lead … Read more
Snapchat’s corporate parent seeks to raise more than $2 billion for the fast-growing social media group in the tech sector’s largest public offering in nearly three years, documents filed Thursday showed. Outlining the financial details of its initial public offering (IPO), Snap Inc. said it expects net proceeds of some $2 billion. It will offer … Read more
A Chinese consultancy that has previously helped to win antitrust battles against Coca-Cola and Apple has taken aim at McDonald’s Corp, arguing in a complaint to regulators that the American fast food giant’s China sale may hurt workers and consumers. McDonald’s said last month it had agreed to sell the bulk of its China and … Read more
The Trump administration’s combative view of traditional news media as the “opposition party” and “fake news” is turning out to be the best hope in 2017 for newspapers struggling to attract more digital readers and advertisers. The New York Times (NYT. N), the Financial Times, The Wall Street Journal and Gannett Co GCNI.N are building … Read more
Internet group Yahoo has reportedly agreed a price cut on its initial $4.8bn (£3.86bn) sale to Verizon. Verizon’s purchase of Yahoo’s core internet arm was put in doubt last year after disclosure of two cyber attacks. Several reports in the US said Yahoo has now accepted a price cut of up to $350m and agreed … Read more
YouTube’s most watched blogger PewDiePie will lose his preferred status on the Google-owned video service after posting several videos containing anti-Semitic remarks and Nazi references, the tech firm said Tuesday. YouTube said it was canceling a popular program from the 27-year-old Swede, whose real name is Felix Kjellberg, the same day Disney said it was … Read more
American search giant Yahoo says it will complete the sale of its core internet assets to telecoms firm Verizon later than originally planned. The $4.8bn (£4bn) deal was thrown into doubt last year after Yahoo revealed two vast data security breaches at the company. Hundreds of thousands of user accounts were affected by the attacks. … Read more
Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. The $4.8 billion Verizon transaction had originally been expected to close in the first quarter but … Read more
The U. S. Securities and Exchange Commission is investigating a previously disclosed data breach at Yahoo Inc (YHOO.O), the company said in a filing. Yahoo said in a November 2016 quarterly filing that it was “cooperating with federal, state and foreign” agencies, including the SEC, that were seeking information and documents about a “security incident … Read more
Adverts for Google products occupied 91% of the top ad slots on the firm’s search results pages, in a study done for the Wall Street Journal. It looked at 1,000 results for 25 search terms including laptop, watches, speakers and smoke detectors on Google. Products sold by Google’s parent firm Alphabet dominated the top of … Read more
China will “take off the gloves” and take strong action if U. S. President-elect Donald Trump continues to provoke Beijing over Taiwan once he assumes office, two leading state-run newspapers said on Monday. In an interview with the Wall Street Journal published on Friday, Trump said the “One China” policy was up for negotiation. China’s … Read more
Christopher Steele, who wrote reports on compromising material Russian operatives allegedly had collected on U. S. President-elect Donald Trump, is a former officer in Britain’s Secret Intelligence Service, according to people familiar with his career. Former British intelligence officials said Steele spent years under diplomatic cover working for the agency, also known as MI-6, in … Read more
When billionaire investor Wilbur Ross salvaged two North Carolina textile mills from bankruptcy in 2003 and 2004, one of the first things he did was head to Washington to immerse himself in trade law and policy. China’s accession to the World Trade Organization had unleashed a flood of textile imports across U. S. borders, and … Read more
Alibaba Executive Chairman Jack Ma met U. S. President-elect Donald Trump on Monday and laid out the Chinese e-commerce giant’s new plan to bring one million small U.S. businesses onto its platform to sell to Chinese consumers over the next five years, an Alibaba spokesman said. Alibaba Group Holding Ltd (BABA.N) expects the initiative to … Read more
A Deputy General Secretary of the opposition National Democratic Congress (NDC), Koku Anyidoho has asked those calling for the head of the Director of Communication at the presidency over the president’s plagiarized speech, to blame Nana Akufo-Addo and not Eugene Arhin. Some individuals and organizations have called for the dismissal of Eugene Arhin who has … Read more
Mr. Mervyn King, former head of the United Kingdom’s Bank of England, recently stated that another financial crisis is “certain” and could come sooner rather than later. Mr. King also believes that most politicians and Central Bankers don’t understand what caused the most recent financial crisis dating back to 2008. Accordingly, without understanding the 2008 … Read more
Apple has withdrawn the New York Times from its China App Store, following a request from Chinese authorities. The paper said the move was aimed at preventing readers in China “from accessing independent news coverage”. Apple said they had been informed the app violated Chinese regulations but did not say what rules had been broken. … Read more
Apple Inc has removed the New York Times Co’s news apps from its app store in China, following a request from the Chinese authorities. Apple removed both the English-language and Chinese-language apps from the iTunes store in China on Dec. 23, according to the New York Times, which first reported the action. “The request by … Read more
Over the last several years along the Indian Ocean coast in East Africa substantial finds of oil and natural gas resources have been under development. A British exploration corporation, Tullow Oil and its Canadian partner, Africa Oil, acknowledges that it has discovered in excess of 600 million barrels of oil in Kenya. At least eight … Read more
Japan’s Takata Corp (7312. T) is nearing a settlement with the U.S. Department of Justice and is expected to pay up to $1 billion to resolve allegations of criminal wrongdoing related to its faulty air bag inflators, the Wall Street Journal reported. The final figure could be in the high hundreds of millions of dollars, … Read more