Business
Mackenzie Bezos to give away half of her $37 billion in wealth
MacKenzie Bezos , who recently became one of the richest people in the world by divorcing Jeff Bezos , has decided that she will do something that her ex-husband never did: give a considerable fraction of her income to philanthropic causes.
Business
Alibaba eyes $20 billion second listing in Hong Kong
Alibaba founder Jack Ma said a year ago he would "seriously consider" a listing in Hong Kong when it was reported to be preparing to allow dual-class share listings. Sources from the company reported the info. But since then something has changed in the Hong Kong Stock Exchange (HKEX). The message about a second listing comes as the trade tensions between China and the USA continue to flare up.
Business
Uber to Begin Banning Riders With Low Ratings
Jerks of the world, listen up: for years, you've been misbehaving in the back seats of Ubers without effect. A passenger's rating is the average of the ratings they have received from drivers. Though drivers could rate passengers, there was no equivalency in consequences. It's unclear how low will be too low to keep your account. "Deactivating the accounts of the drivers who provide consistently poor experiences ensures that Uber continues to be known for quality", the document said, ...
Business
Trump Takes MAJOR Action Against Mexico To Stop Illegal Immigration
Trump is invoking executive authority under the International Emergency Economic Powers Act to impose the tariffs, following the national emergency declaration he made in February to help gather funding for the southern border wall. In a statement issued late Thursday, the president said a first round of tariffs will be 5 percent and will rise to 10 percent on July 1. "We are going to do something very dramatic on the border because people are coming into our country", Trump said.
Business
India's Modi sworn in as Indian PM for 2nd term
The estimated 8,000 guests seated on the sprawling forecourt included leaders of eight countries, mostly from Asian nations such as Bangladesh, Bhutan, Nepal, Sri Lanka and Myanmar. The inclusion of former foreign secretary S. Jaishankar - widely tipped to be the next foreign minister - also caused surprise. Shah was not available for comment.
Business
Huawei launches 5G lab in South Korea
Section 889 of the NDAA enforces a ban on U.S. federal agencies and their contractors from using Huawei equipment due to security concerns about the Chinese government. Mr Song said the "state-sanctioned campaign" against the company would not improve cybersecurity. Today, it is telecoms and Huawei . It also called on the USA government to halt its state-sanctioned campaign against Huawei because it will not deliver cybersecurity.