Apple has teamed up with a charity set up by Pakistani girls’ education activist Malala Yousafzai. The tech titan said Monday that the partnership with Yousafzai’s Malala Fund would expand financing programs to India and Latin America and offer secondary education to 100,000 girls. The collaboration would also double the […]
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World’s richest 1% get 82% of the wealth, Oxfam says
Just 42 people own the same amount of wealth as the poorest 50 percent worldwide, a new study by global charity Oxfam claimed. In a report published Monday, Oxfam called for action to tackle the growing gap between the super-rich and the rest of the world. Approximately 82 percent of […]
The deaths of the billionaire pharma couple found inside their mansion is mystifying police
There were no signs of forced entry on the cold December morning when a Canadian billionaire businessman and his wife were found dead inside their mansion, reportedly hanging from a railing at the edge of their indoor pool. Since that time, investigators have scoured the 12,000-square-foot home, hauled away the […]
Reports on South Korea’s cryptocurrency plans keep rolling out, but many remain upbeat
A lack of clarity in South Korea’s plans to regulate cryptocurrencies may be of concern, but experts continued to sound upbeat about developments in the space. In the latest twist in an ongoing saga, South Korea reportedly intends to make cryptocurrency operators exchange user data with banks, local media said […]
Soldiers, snipers and security at Davos: Protecting the world’s rich and powerful
Ensuring the safety of more than 2,500 high-profile political, economic and business guests at an event is never easy; ensuring the safety of more than 70 heads of state and government is a nightmare. The World Economic Forum (WEF) has said security is paramount at its four-day meeting in the […]
WEF president to Trump: ‘You only succeed if others do too’
The president of the World Economic Forum (WEF) has urged Donald Trump to collaborate with other countries, just days ahead of an expected appearance by the U.S. president at the economic conference in Davos, Switzerland. Asked specifically about Trump’s “America First” agenda, the WEF President Borge Brende told CNBC Sunday […]
US tax overhaul hits UBS earnings with a $3 billion writedown
The Swiss bank UBS reported a net profit of 1.165 billion Swiss francs ($1.25 billion) for the whole of 2017, weighed down by a writedown in the fourth quarter that related to the new U.S. tax overhaul. The consensus from a Reuters poll was for a figure of 1.257 billion […]
The regular investor can now trade the stock market 24 hours a day with TD Ameritrade
TD Ameritrade extended trading hours on its platform starting Monday to 24 hours, five days a week for several popular exchange-traded funds. The eBroker also told CNBC trading individual stocks around the clock may not be too far away. Traders on the TD Ameritrade platform are now able to buy […]
A US president should not submit to Davos lectures about trade, war and peace
If President Donald Trump has to cancel his trip to Europe — as he should — he would owe a great debt of gratitude to lawmakers who shut down the government and saved him from a major political blunder. Nobody believing in the sincerity of the passionate “America First” advocate […]
Sanofi is close to a $11.4 billion deal for Bioverativ: source
French drugmaker Sanofi is close to acquiring biotechnology company Bioverativ for $105 a share, valuing the maker of hemophilia drugs at about $11.4 billion, according to a person familiar with the matter. The deal could be announced as soon as Monday morning New York time, according to the person, who […]