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President Donald Trump has criticized the H-1B skilled-worker visa program as a source of “cheap labor,” and the White House is considering a draft executive order calling for it to be re-examined to protect U.S. workers’ jobs. That’s bad news for technology firms like Microsoft Corp., Alphabet Inc.’s Google and Apple Inc., which depend on H-1B visas to recruit top foreign talent. It also threatens Indian outsourcing […]

First teased in 2016, the latest version of Microsoft’s Visual Studio has been released on March 7 as a digital download. The company describes its latest integrated development environment as a “faster and more responsive IDE from startup to shutdown.” Microsoft Visual Studio 2017 is used to develop programs for Windows, as well as web apps, websites, mobile apps, and web services. It supports HTML, JavaScript, and CSS […]

The Miami Herald shared a prestigious journalism award for its part in the Panama Papers investigation and was a finalist for its breaking news reporting on Jose Fernandez’s death. Read The Series: “The Secret Shell Game” The Scripps Howard Foundation awarded the Herald, along with parent company McClatchy and the International Consortium of Investigative Journalists, the 2016 William Brewster Styles Award for business/economics reporting. The Panama Papers […]

We have just lived through the most spectacular global bullmarket run for the fixed income markets.  This bull market rallied the bond market tothe lowest yields ever!  Over a third ofall global fixed income was trading with a negative yield.  The most accommodative central bank policiesmade heroes out of bond fund managers. Bond investors that stayed fullyinvested with fingers crossed, hoping for the greater fool theory to […]

Philippine President Rodrigo Duterte said on Wednesday that he made the right decision to rekindle ties with neighboring China and expressed his gratitude toward the Chinese people. “I thank China profusely, and they have really lightened up the economic life of our country,” said Duterte in a speech delivered during the 10th Philippine Councilors League National Congress held in Pasay City. “You can really feel the sincerity […]

Are you a woman who feels like you are always interrupted by a man? Well, there’s now an app that will prove just how much a user gets “manterrupted.” Inspired by none other than President Donald Trump, Woman Interrupted is the app that lets users know the rates in which men cut off and overpower women while they are speaking. Launched this week in celebration of International […]

Snap, the first big tech listing since Alibaba in 2014, has already experienced the highs and lows of the stock market in the week since its NYSE listing. Shares on Wednesday closed at $22.81, down from a high of $29.44 last week, but still above the $17 IPO price. That performance, along with doubts over corporate governance, has raised questions over if, rather than when, Snap will […]

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(Image: CNET) Alphabet’s Nest is developing a cheaper version of the flagship Nest thermostat as well as a new set of home security products, according to Bloomberg. The cheaper Nest thermostat, which could retail for under $200, is said to have cheaper components and could lack the metal edges found on the current $249 model. The cheaper version could launch by next year. See also: Key leaders […]

While many have blamed today’s spike in yields for the broader underperformance of the REIT sector, which sent the Bloomberg North American REIT index down 1.4%, its biggest one-day drop since December in a widespread selloff across all property sectors with 194 of the 214 stocks in the index lower today, it’s more than just the jump in rates that is slamming the rate-sensitive sector. While longs […]

Today at the inaugural Udacity Intersect conference, the online education startup announced new robotics and digital marketing variants of its popular Nanodegrees — an effort to expand its corpus of  21st century skills-based courses. In addition to the new degrees, Udacity is adding 21 new hiring partners spanning the automotive, defense, tech, hardware and telecommunications industries. And, lastly, the company is partnering with Didi Chuxing for a new $100,000 competition to […]

CBC News Posted: Mar 08, 2017 12:10 PM ET Last Updated: Mar 08, 2017 12:10 PM ET Royal Bank of Canada says it has closed the accounts of 40 clients following an internal review of its operations after the bank was named in a leak of documents from a Panamanian law firm that specializes in helping wealthy clients avoid taxes by stashing money offshore. As first reported […]

The Ivanka Trump boycott appears to have backfired. One month after several brand name retailers announced they would no longer carry the 35-year-old’s clothing and accessories, Ivanka Trump’s women’s fashion line has seen record February sales. The collection said they had some of the highest performing weeks since the brand was launched last month. “Since the beginning of February, they were some of the best performing weeks […]

The award judges noted that the project “exposed offshore hideaways tied to mega-banks, corporate bribery scandals, drug kingpins, arms traffickers and a network of people close to Russian President Vladimir Putin that shuffled as much as $2 billion around the world.”  Judges also noted that since the probe, “governments and corporations in 79 countries have opened at least 150 inquiries, audits or investigations.” Along with the recognition […]

KUALA LUMPUR: A medical student from a university in Egypt and a hotel worker pleaded not guilty in the Sessions Court here today to 54 prostitution-related charges. Khairul Azzuar Yusuff, 28, and Mohyuddin Ahmad Fajarudin, 23, made the plea after all the charges were read out to them before judge Datin M. Kunasundary. The offences included for living on the earnings from prostitution where Khairul Azzuar, who […]

Apple says it is working fast to fix vulnerabilities in the iPhone and other products after WikiLeaks released material said to show the Central Intelligence Agency was stockpiling malware to break into devices. “While our initial analysis indicates that many of the issues leaked were already patched in the latest iOS [operating system for iPhones and iPads], we will continue work to rapidly address any identified vulnerabilities,” […]

Via Soeren Kern of The Gatestone Institute, “The threat to the UK remains from homegrown terrorism, and is heavily youth- and male-oriented with British nationals prevalent among offenders.” — Islamist Terrorism: Analysis of Offenses and Attacks in the UK (1998–2015). “The increased prevalence of smaller cells and individualistic offending, suggests a rise in terrorism cases that feature shorter lead times to offending and fewer opportunities for identification.” […]

by March 7, 2017, 11:46 AM EST Royal Bank of Canada closed accounts of about 40 clients and bolstered tax compliance following a review of offshore accounts tied to last year’s leak of records from a Panama law firm. “The review is completed,” J-F Courville, chief operating officer of Royal Bank’s wealth-management unit, said in an interview. “We found out we have a business with good controls, […]

Sources tell us that Google is acquiring Kaggle, a platform that hosts data science and machine learning competitions. Details about the transaction remain somewhat vague, but given that Google is hosting its Cloud Next conference in San Francisco this week, the official announcement could come as early as tomorrow. Reached by phone, Kaggle co-founder CEO Anthony Goldbloom declined to deny that the acquisition is happening. Google itself declined “to comment on rumors.” […]

Prime Minister says TN50 is not a rejection of Mahathir Mohamad’s legacy but a continuation of Vision 2020. DEWAN RAKYAT KUALA LUMPUR: Prime Minister Najib Razak said today that his administration’s Transformasi Nasional 2050 (TN50) was not a rejection of former prime minister Dr Mahathir Mohamad’s Vision 2020. Rather, he said, TN50 was a continuation of the former prime minister’s goals for the nation. “I want to […]

When the headline prints hit tonight on China’s trade data, offshore Yuan dipped and ripped…   As China faced its first trade deficit in 3 years (-$60bn vs +172.5bn exp)… Obviously there is some major seaonality With imports exploding 44.7% YoY (and exports missing expectations dramatically +4.2% vs +14.6% exp). But it appears the economists forgot about this year’s lunar new year holiday falling in January (vs […]

The Panama Papers investigation has this week received its fourth major American journalism prize, the William Brewster Styles Award for Business/Economics Reporting from the Scripps Howard Foundation. The series, which illuminated offshore tax havens and shook up politicians around the world, was coordinated by the International Consortium of Investigative Journalists, at the time a project of the Center for Public Integrity. The two organizations have since separated. […]

Now fitness lovers can further tap into the power of having a personal trainer in their pockets that provides customized workouts thanks the latest update to Sworkit. The popular fitness app announced a new feature on Tuesday that provides flexible workout plans that are tailored to each its users. Called the Sworkit Workout Builder, this first-of-its-kind feature allows users to build the ideal workout plan that best […]

Via Patrick Buchanan via Buchanan.org, At Mar-a-Lago this weekend President Donald Trump was filled “with fury” says The Washington Post, “mad — steaming, raging, mad.” Early Saturday the fuming president exploded with this tweet: “Terrible! Just found out that Obama had my ‘wires tapped’ in Trump Tower just before the victory. Nothing found. This is McCarthyism!” The president has reason to be enraged. For what is afoot […]

With controversial moves to tighten immigration in the works, visitors from abroad and U.S. citizens alike are on edge about international travel. For the organizers of South by Southwest, that climate gave rise to a public outcry over controversial language in its artist contracts. In light of the ensuing backlash among attendees and performers, SXSW has issued a statement asserting its opposition toward the Trump administration’s actions around […]

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