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
Citizens across Saudi Arabia poured into stores once coronavirus lockdown restrictions were lifted in June, hoping to save money on non-perishable goods from food and clothing to electronics and cars ahead of the kingdom’s tripling of its value-added tax, or VAT. Riyadh announced the levy — which increased from 5% to 15% on July 1 […] Read more
Venezuela’s rival leaders are locked in a legal battle to determine the fate of over $1 billion of gold reserves stored in the vaults of the Bank of England, with a High Court ruling expected over the coming days. The hearing, which began in London on Monday and is expected to last four days, represents an […] 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
TikTok owner ByteDance made a net profit of $3 billion last year, according to a report from Bloomberg on Wednesday that cited people familiar with the matter. The fast-growing company more than doubled its revenue from $7.4 billion in 2018 to $17 billion in 2019, according to the report, which states that it also has a […] Read more
The impeachment process has left the president seemingly in a more powerful position – but some experts believe Democrats ‘had to do it’ Donald Trump’s acquittal brought to an end a battle that the House speaker, Nancy Pelosi, never wanted in the first place and could pose future problems for the Democratic party as it […] Read more
The Philippines announced Tuesday it will temporarily suspend issuing visas upon arrival (VUA) for Chinese nationals amid concerns of a coronavirus outbreak. “We are now temporarily suspending the issuance of VUA for Chinese nationals to slow down the influx of group tours,” Bureau of Immigration Commissioner Jaime Morente said in a press release dated Tuesday. […] Read more
Boeing fired CEO Dennis Muilenburg, saying Monday it replaced him with the company’s chairman as the nation’s biggest manufacturing exporter struggles to regain the trust of regulators, customers and the public in the wake of two fatal crashes of its best-selling plane, the 737 Max. Muilenberg is out immediately, and Chairman David Calhoun will become CEO […] Read more
NBCUniversal CEO Steve Burke plans to pursue personal interests rather than taking a job at a rival large media company when he steps down from his chairman position at NBC in August, according to people familiar with the matter. Burke, 61, may acquire small businesses or start a venture capital fund while spending more time […] Read more
Sterling took a dip on Wednesday as a respected voter poll raised the prospect of a hung parliament – in which no one party has a governing majority – arising from Thursday’s general election in the U.K. The pound weakened against the dollar, weakening to $1.3107 earlier on Wednesday before rebounding to $1.3151, after a […] Read more
