In blistering remarks Tuesday, FBI Director Christopher Wray slammed the Chinese government for its use of espionage and cyberattacks against the United States which has amounted to what he called “one of the largest transfers of wealth in human history.” “The stakes could not be higher, and the potential economic harm to American businesses and the […] Read more
Thirteen universities, or colleges, in the U.K. are at risk of going bankrupt as the coronavirus pandemic hits their finances and challenges the entire sector, a study by Institute for Fiscal Studies warned Monday. Social distancing measures, travel restrictions and lockdowns have tested the ability of universities to survive without students. In the wake of the pandemic, […] Read more
A week-long vote on constitutional changes in Russia comes to a close Wednesday, with citizens voting on changes which include an amendment that would allow President Vladimir Putin to run for further terms in office, and potentially lead the country until 2036. Unlike most votes, however, the one in Russia is seen as a foregone […] Read more
Oil giant Royal Dutch Shell said on Tuesday it will write down the value of its assets by up to $22 billion in the second quarter, after revising down its long-term outlook for oil and gas prices. It comes after the energy company announced in mid-April an ambition to reduce greenhouse gas emissions to net zero by […] Read more
U.S. stock futures were lower in early morning trade on Friday following the release of the Fed’s latest bank stress-test results and disappointing quarterly numbers out of Nike. Dow Jones Industrial Average futures were down 173 points, while S&P 500 and Nasdaq-100 futures also traded in negative territory. The moves came after the Fed’s annual stress […] Read more
Health Canada has added more hand sanitizer products to their growing recall list. The agency first announced recalls of some hand sanitizer products on June 6 due to the presence of industrial-grade ethanol, and has continued to update the list throughout the month. The following hand sanitizers were added to the recall list on Monday: Gel Antiseptique Pour Les Mains, […] Read more
Online payments start-up Checkout.com has raised $150 million in funding at a $5.5 billion valuation — nearly three times what it was worth when it last raised cash. Founded in 2012, the London-based company sells a software platform that makes it easier for businesses to process and take payments over the web. It competes with […] Read more
NATO Secretary-General Jens Stoltenberg sees no imminent threats to members of the 30-country alliance, even in the face of a rising China and worsening relations with Russiam “Those two nations [China and Russia] are two very different challenges for NATO. We don’t see any imminent threat against any NATO ally,” Stoltenberg told Hadley Gamble from […] Read more
Russian President Vladimir Putin has connected the U.S.′ handling of the coronavirus crisis with the widespread civil unrest and anti-racism protests in the country, according to Russian media reports. Putin said the Covid-19 pandemic had “shone a spotlight” on issues in the country, adding that the protests for racial equality and against police brutality were […] Read more
Mark Zuckerberg and Priscilla Chan responded to scientists funded by their Chan Zuckerberg Initiative (CZI) who criticized Facebook’s response to President Donald Trump’s controversial post where he said “when the looting starts, the shooting starts.” In a letter shared on Twitter, the married couple said they were “deeply shaken and disgusted by President Trump’s divisive and incendiary rhetoric” […] Read more
