AscendEconomy

Top tech moguls lose $33bn as Nasdaq drops most since

The Nasdaq Composite Index tumbled 4.4% Wednesday, the most in additional than seven years, erasing almost $33 billion in the fortunes of technology’s 61 richest people, good Bloomberg Billionaires Index. Amazon’s Jeff Bezos, the richest person, lost $8.2 billion, reducing his value to $138 billion, while Facebook chief executive officer Mark Zuckerberg dropped $3.2 billion. […]Read More

Waymo targets second senior executive in Uber self-driving dispute

SAN FRANCISCO (Reuters) – Alphabet's self-driving car unit Waymo initiated private court proceedings against two former executives who launched an adversary company acquired by Uber [UBER.UL], court public records show, accusing them when attemping to recruit Waymo employees towards new startup that aims to revolutionize your vehicle industry. One co-founder, Anthony Levandowski, had been named […]Read More

Putin says Russia’s existing internet regulations are sufficient

ST PETERSBURG, Russia (Reuters) – Russia's existing internet regulations are sufficient plus the country needs no further restrictions, President Vladimir Putin said on Monday. "A state should… eliminate certain threats," Putin told a group of journalists from Russian regions. "Within my perspective the existing restrictions are sufficient for the moment," he said.Read More

Trump adviser Scaramucci says parts, not all, of NATO are

DAVOS, Switzerland (Reuters) – Donald Trump's comments about NATO being "obsolete" reflect the way the world changed, but really should not be interpreted as and therefore it needs to be consigned to history, a senior adviser to the U.S. president-elect said . Germany's Foreign Minister Frank-Walter Steinmeier said on Monday that Trump's comments had aroused […]Read More

Singapore businesses eye opportunities in North Korea hoping of change

(Reuters) – Nearly 20 Singaporean businesses people are likely to visit North Korea for additional details on opportunities there, a professional said on Thursday, pending better ties after Singapore played host to a North Korea-U.S. summit. Michael Heng, a home based business consultant in Singapore, said she got a party invitation to get a delegation […]Read More

McDonald’s Canada says 95,000 affected in careers website hack

(Reuters) – McDonald's Corp's (N:MCD) Canadian unit said on Friday private information of around 95,000 restaurant very easily was compromised within a cyber attack on its careers website. The information included names, addresses, contact information, mobile and employment backgrounds of candidates who applied online for jobs at McDonald's Canada restaurants between March 2019 and March […]Read More

Trucker strike lifts Brazil inflation to two-year elevated in mid-June

BRASILIA (Reuters) – Brazil's inflation rate soared into the central bank's official target range in mid-June following a nationwide protest by truckers drove product shortages prices, lifting consumer prices via the most in many more than couple of years. Still, the short-term spike in prices was unlikely to drive a car the lender to hike […]Read More

CIA director warns Trump to watch what he says, be

WASHINGTON (Reuters) – CIA Director John Brennan on Sunday offered a stern parting message for Donald Trump days until the Republican U.S. president-elect takes office, cautioning him against loosening sanctions on Russia and warning him to observe what he tells. Brennan rebuked Trump for comparing U.S. intelligence agencies to Nazi Germany in comments by the […]Read More

Top StanChart investor backs under-fire management

LONDON (Reuters) – Standard Chartered’s second-biggest shareholder has backed the Asia-focused bank’s under-fire management and said there is nothing fundamentally wrong with its business. “We believe that the current management of Standard Chartered, led by Sir John Peace and Peter Sands, should be given the opportunity to address the bank’s current issues and deal with […]Read More