News: Money

EU, Japan to sign massive trade deal as US puts up barriers

Tuesday  18:31,   17 july 2018

The 'landmark' EU-Japan deal creates a massive economic zone and stands in stark contrast to President Donald Trump's 'America First' protectionismEU Council President Donald Tusk and Commission head Jean-Claude Juncker land in[...]
News / Money

Emotional Debt: The Invisible Costs of Unpaid Internships

Tuesday  18:00,   17 july 2018

Emotional Debt: The Invisible Costs of Unpaid Internships Between the summer before my senior year and when I graduated college, I completed three internships, no small feat with a full course load. Although I received some financial support from[...]

Goldman Sachs' new CEO David Solomon has an unexpected side-hustle

Tuesday  16:30,   17 july 2018

Goldman Sachs CEO David Solomon spends his free time spinning vinyl at parties and events around the world.The move comes just months after the company tapped Solomon to be its sole president and chief operating officer, edging out former[...]

A reporter went undercover as a Facebook moderator and found the firm is failing to delete shocking child abuse and racism

Tuesday  15:50,   17 july 2018

A reporter for British broadcaster Channel 4 went undercover as a Facebook moderator at CPL Resources, a Dublin-based content moderation contractor. They found that Facebook is failing to delete shocking child abuse and racist content.A journalist[...]

Subscriber horror show for Netflix stock

Tuesday  14:31,   17 july 2018

Netflix shares plunged in after-hours trading in New York after the company's latest results signalled it was facing stronger competition for customers. The video streaming service's stock lost 14% of its value after it reported that world[...]

The Internet Is Drowning

Tuesday  14:31,   17 july 2018

Rising seas imperil the delicate web of cables and power stations that control the internet.A vast web of physical infrastructure undergirds the internet connections that touch nearly every aspect of modern life. Delicate fiber optic cables, massive [...]

Jeff Bezos Becomes the Richest Man in Modern History, Topping $150 Billion

Tuesday  13:55,   17 july 2018

Jeff Bezos is the richest person in modern history. The Inc. founder’s net worth cracked $150 billion in New York on Monday, according to the Bloomberg Billionaires Index. That’s about $55 billion more than Microsoft Corp. co-founder Bill [...]

U.K. to Unveil 'Tempest' Fighter Jet Model for Post-Brexit World

Tuesday  12:50,   17 july 2018

Defence Secretary Gavin Williamson unveiled a full-sized model of the U.K.’s new fighter jet at the Farnborough International Airshow, a bid to show Britain plans to remain a so-called Tier One military power after Brexit. Williamson announced 2[...]

Top 10 highest earning celebrities of the year

Tuesday  12:06,   17 july 2018

Floyd "Money" Mayweather has lived up to his name after being listed by Forbes as the highest earning celebrity of the last year. George Clooney, 57, who is recovering from a motorbike accident, came second, making $239m (£180m) in[...]

George Clooney and Kylie Jenner Among Top 10 Highest-Earning Celebrities

Tuesday  11:31,   17 july 2018

The two rank No. 2 and 3 on Forbes' list, respectively, behind former professional boxer Floyd Mayweather.The 57-year-old actor ranks No. 2 on the list with $239 million, followed behind by 20-year-old Jenner, No. 3 with $166.5[...]

Debenhams shares rocked on credit insurance alert

Monday  18:55,   16 july 2018

Euler Hermes is among the companies to have withdrawn some cover.Credit insurance company Euler Hermes is among those to have pulled some cover, while Atradius and Coface have refused to cover new shipments, according to the Sunday[...]

China warns on trade war as economy slows

Monday  18:55,   16 july 2018

China has warned of risks to the world economy from a Donald Trump-inspired trade war, while reporting a slowdown in its own growth. The world's second-largest economy said gross domestic product (GDP) rose at an annual rate of 6.7% in the second[...]

What's the secret to early retirement? Ditch your 'default' work pension and branch out with investments to boost your saving power

Monday  18:06,   16 july 2018

The average return from typical 'default' pension funds is trounced by the performance of 10 actively managed funds popular with workers who choose their own investments, new research shows.The average return from typical 'default' funds[...]

August rate rise looms as inflation is tipped to rise back up to 2.6%, as higher oil price bites at the petrol pumps

Monday  17:54,   16 july 2018

The official inflation rate – the Consumer Prices Index – for June will be revealed on Wednesday and is widely expected to be 2.6 per cent, compared with 2.4 per cent in May.  The consultancy Capital Economics said fuel and oil price rises are[...]

Opinions | The $247 trillion global debt bomb

Monday  17:07,   16 july 2018

To service these debts requires rising incomes, while an expanding trade war threatens to squeeze incomes. The resort to more tariffs and trade restrictions will make it harder for borrowers to pay their debts. At best, this could slow the global[...]