President Trump has decided to remove his key adviser Steve Bannon from the National Security Council (NSC). Steve Bannon’s appointment in January raised fears that the circle of US intelligence chiefs was being politicized. However, a White House aide said the reshuffle was not a demotion for Steve Bannon, who used to head up Breitbart… Continue reading Steve Bannon Removed from National Security Council
Category: Business
Pepsi Pulls Ad Featuring Kendall Jenner
Pepsi has decided to withdraw the ad featuring Kendall Jenner after it sparked an outcry and accusations that the drinks maker was trivializing recent street protests across the US. The ad shows Kendall Jenner leaving a photo shoot to join a heavily policed demonstration. Kendall Jenner defuses the tension by walking to the police line… Continue reading Pepsi Pulls Ad Featuring Kendall Jenner
Donald Trump Promises to Relax Banking Regulations
President Donald Trump has promised to relax “horrendous” US banking regulations that were introduced after the financial crisis. Referring to the Wall Street and consumer protection rules Barack Obama enacted in 2010, Donald Trump said: “We’re going to do a very major haircut on Dodd-Frank.” Dodd-Frank aimed to prevent banks taking on too much risk… Continue reading Donald Trump Promises to Relax Banking Regulations
Nivea Apologizes and Removes Racist Ad “White Is Purity”
Nivea has apologized and removed “white is purity” ad that was deemed discriminatory. The ad was posted on the German skincare company’s Facebook page, geographically aimed at its followers in the Middle East. Nivea accepted the post was “misleading”. Many on social media complained the post was racist, but it was also widely-shared among alt-right… Continue reading Nivea Apologizes and Removes Racist Ad “White Is Purity”
S&P Cuts South Africa’s Credit Rating to Junk
S&P Global has cut South Africa’s credit rating to junk status. The ratings agency said that South Africa’s political upheaval, including the recent sacking of finance minister Pravin Gordhan, was endangering the economy. S&P also expressed concern over government debt, and in particular the expense of supporting the state energy firm Eskom. The news put… Continue reading S&P Cuts South Africa’s Credit Rating to Junk
It’s Not Embarrassing: Know Your Bankruptcy Option
Most of the people are having a hard time whether to declare bankruptcy or not. One of the reasons that they consider is it will put them or their business in a bad light. However, will you still be able to think of that reason if it’s your only option? If you need a… Continue reading It’s Not Embarrassing: Know Your Bankruptcy Option
Preparing For Retirement: What You Need To Know
Lots of people worry about what might happen to them when the time finally comes to retire. However, there is no need to stress if your financial situation is in order. Retirement could become the best period of your life if you get things right. With that in mind, we’ve listed some tips and information… Continue reading Preparing For Retirement: What You Need To Know
Ecuador Elections 2017: Accusations of Electoral Fraud as Lenin Moreno is Declared Winner
Accusations of fraud sparks over Ecuador’s presidential elections after early results projected victory for the incumbent party’s candidate. Results show former VP Lenin Moreno of the Socialist Party has 51.12% of the vote, with just 4% of districts still waiting to be counted. However, challenger Guillermo Lasso had already begun celebrations after an exit poll… Continue reading Ecuador Elections 2017: Accusations of Electoral Fraud as Lenin Moreno is Declared Winner
White House Releases Details of Personal Finances of Wealthy Staffers
According to recently released White House documents, its senior staff held millions of dollars in assets. The White House financial disclosure also detail salaries of several other high-profile figures in the administration. Ivanka Trump and her husband, Jared Kushner, have assets valued between $240 million and $740 million. That includes a stake in Trump International… Continue reading White House Releases Details of Personal Finances of Wealthy Staffers
Michael Flynn Wants Immunity to Testify on Alleged Russian Election Meddling
Former Trump aide Michael Flynn wants immunity to testify on alleged Russian election meddling, his lawyer says. Robert Kelner says his client “has a story to tell”, but needs to guard against “unfair prosecution”. President Donald Trump said that his former national security adviser was right to ask for immunity, accusing Democrats of orchestrating a… Continue reading Michael Flynn Wants Immunity to Testify on Alleged Russian Election Meddling
Park Geun-hye Arrested over South Korea Corruption Scandal
Former South Korean President Park Geun-hye has been arrested and taken into custody over a corruption scandal that led to her dismissal. The 65-year-old ousted leader was driven to a detention center south of Seoul after a court approved her arrest. Park Geun-hye is accused of allowing her close friend Choi Soon-sil to extort money… Continue reading Park Geun-hye Arrested over South Korea Corruption Scandal
Senate Panel Investigates Alleged Russian Interference in US Election
A Senate panel investigating alleged Russian interference in the US election has vowed a thorough inquiry. The pledge comes as a similar inquiry in the House remains mired in acrimony. The Senate hearing began on March 30. President Donald Trump’s son-in-law, Jared Kushner, is set to appear next week. In the hearing’s opening remarks chairman… Continue reading Senate Panel Investigates Alleged Russian Interference in US Election
North Carolina Revokes Bathroom Bill
The state of North Carolina has repealed a controversial law that limits protections for LGBT people. A key element banned transgender people from using restrooms in accordance with their chosen gender, earning the measure the “bathroom law” tag. The deal came late in the night hours before North Carolina was to lose key basketball fixtures.… Continue reading North Carolina Revokes Bathroom Bill
Trump Revised Travel Ban Blocked Indefinitely by Hawaii Judge
Hawaii federal Judge Derrick Watson has indefinitely extended the suspension of President Donald Trump’s revised travel ban. The judge’s ruling means President Trump will be barred from enforcing the ban on six mostly Muslim nations while it is contested in court. In a lawsuit, the state of Hawaii says the ban would harm tourism and… Continue reading Trump Revised Travel Ban Blocked Indefinitely by Hawaii Judge
Ivanka Trump Appointed Assistant to the President
Ivanka Trump is officially joining the Trump administration as an unpaid employee with the title Assistant to the President, the White House has announced. Donald Trump’s daughter bowed to pressure following an outcry from ethics experts at her initial plans to serve in a more informal capacity. Ivanka Trump, 35, said she had “heard the… Continue reading Ivanka Trump Appointed Assistant to the President
Donald Trump Signs Energy Independence Executive Order to End War on Coal
Donald Trump has signed an executive order rolling back Barack Obama’s rules aimed at curbing climate change. President Trump said this would put an end to the “war on coal” and “job-killing regulations”. The Energy Independence Executive Order suspends more than half a dozen measures enacted by President Barack Obama, and boosts fossil fuels. Business… Continue reading Donald Trump Signs Energy Independence Executive Order to End War on Coal
Wells Fargo Agrees to Pay $110 Million to Settle Fake Account Lawsuit
Wells Fargo has agreed to pay $110 million to settle a lawsuit brought by customers who had accounts opened in their name without their permission. The agreement comes after America’s biggest bank was fined $185 million in September 2016 for illegally opening about two million accounts. Chief executive John Stumpf resigned in the wake of… Continue reading Wells Fargo Agrees to Pay $110 Million to Settle Fake Account Lawsuit
Penelope Fillon Placed Under Formal Investigation
Penelope Fillon, the wife of French presidential candidate Francois Fillon, has been placed under formal investigation amid the continuing “fake jobs” inquiry. She spent the day being questioned by magistrates. Francois Fillon was placed under formal investigation earlier this month. The center-right candidate is accused of paying hundreds of thousands of euros to his family… Continue reading Penelope Fillon Placed Under Formal Investigation
Neuralink: Elon Musk Launches Brain Electrode Company
Elon Musk has launched Neuralink, a start-up which aims to develop technology that connects our brains to computers. A report from the Wall Street Journal, later confirmed in a tweet by Elon Musk, said Neuralink was in its very early stages and registered as a “medical research” company. Neuralink will develop so-called “neural lace” technology… Continue reading Neuralink: Elon Musk Launches Brain Electrode Company
Jared Kushner to Be Questioned over Russia Ties
Jared Kushner will be questioned by a committee investigating alleged ties between the Trump team and Russia. According to the White House, President Donald Trump’s son-in-law and aide has volunteered to speak to the Senate Intelligence Committee. The committee is examining Russia’s alleged interference in November election. The US intelligence community believes alleged Russian hacking… Continue reading Jared Kushner to Be Questioned over Russia Ties
Carrie Lam Becomes Hong Kong’s First Female Chief Executive
Carrie Lam has become the first woman to hold Hong Kong’s top job. The 59-year-old had the backing of the Chinese government in Beijing and was widely expected to win. Hong Kong has a degree of autonomy from Beijing but protests have been growing over Chinese interference. Hong Kong’s chief executive is not chosen by… Continue reading Carrie Lam Becomes Hong Kong’s First Female Chief Executive
Donald Trump to Focus on Tax Reform after Healthcare Bill Failure
Donald Trump will turn to tax reform, following his failure to get his healthcare bill through Congress on March 24. The draft bill would have scrapped the Affordable Care Act of former President Barack Obama, which was opposed by President Trump’s Republican party for years. ObamaCare requires all Americans to have health insurance but offers… Continue reading Donald Trump to Focus on Tax Reform after Healthcare Bill Failure
Donald Trump and Paul Ryan Pull Healthcare Bill
Both houses of Congress are controlled by the GOP, but Donald Trump’s healthcare bill was withdrawn on March 24 because it could not get the votes required. President Donald Trump has blamed Democrats for the failure of his healthcare bill. Speaking to the Washington Post, he said: “We couldn’t get one Democratic vote, and we… Continue reading Donald Trump and Paul Ryan Pull Healthcare Bill
Trump Healthcare Bill: President Sets Ultimatum on Vote
President Donald Trump has set March 24 ultimatum for the vote on the new health care bill in the House of Representatives. The American Healthcare Act is intended to replace parts of President Barack Obama’s signature law, ObamaCare. However, March 23 vote was delayed because of opposition from some Republicans – despite President Trump’s repeated… Continue reading Trump Healthcare Bill: President Sets Ultimatum on Vote
InvestinGoal Champions Social Trading for Guidance in a Directionless Global Market
The meeting of G-20 finance ministers has just been concluded in Germany but there is still a dark shadow of uncertainty hanging over global trade. To start with, the Communiqué released after the meeting provides reasons to be worried about global economic trends because of the things it didn’t say on trade. For instance, the… Continue reading InvestinGoal Champions Social Trading for Guidance in a Directionless Global Market