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Intuit’s TurboTax Online software is the bedrock of the company’s consumer tax product portfolio. During the 2016 tax season, Intuit sold 33.9 million TurboTax units, a growth of 12 percent from the previous year. But with Intuit’s latest move, the company is aiming to make TurboTax a year-round financial services product and ultimately a more steady source of corporate revenues. Specifically, the personal and small business financial […]

Russia’s rouble has cemented its position as the best-performing currency of the past three months, enjoying the benefits of a strong oil price at a time when the US appears to be tilting towards a more accommodating relationship with Vladimir Putin. A 2.3 per cent rise in the rouble’s value against the dollar on Monday was followed by a further half per cent gain during Tuesday trading. […]

Hamil Harris, who has been a staff writer at The Washington Post for more than two decades, is leaving the newsroom. The departure was announced on Tuesday in a memo by local editor Mike Semel, who called Harris “a presence at virtually every major news event in the Washington area for the past 24 years.” Harris covered the attack on the Pentagon on 9/11, anchored coverage of […]

Information and Education In the past 10-20 years, a massive increase in mobile computer processing power changed the way the world consumes and digests information. More and more people around the globe have access to education, almost in real-time. People in the East can see how people in the West live. Lifestyles of people in the Northern hemisphere are visible to people living in the South. Being […]

Wall Street looked set to open higher on Tuesday, as investors keep a close watch of the Federal Reserve’s two-day meeting where it is widely expected to raise interest rates for the second time since the financial crisis. A hike of 25 basis points in the Fed’s target range of 0.25-0.50 percent is priced in, but investors will be examining the Fed’s statement and economic forecasts for […]

Al Faisal Holding, a Qatari conglomerate, is considering alternative debt funding options after the idea of a US dollar sukuk issue received a lukewarm response from the market, sources familiar with the situation said. The conglomerate had approached banks earlier this year to discuss arranging a potential sukuk issue of around $200 million. The issue, which would have been the company’s first international debt raising exercise, may […]

Demand for oil will outstrip supply in the next six months as long as Opec and countries outside the cartel can implement a deal signed over the weekend to lower output, according to one of the world’s leading energy forecasters. The International Energy Agency said the planned production cuts, which add up to 1.8m barrels a day, could reduce stockpiles by as much as 600,000 b/d over […]

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The battle for eastern Aleppo will be over soon, but tens of thousands of Syrians there will find little peace. The victory for the government of President Bashar al-Assad will open another violent, disorienting chapter in their lives, and a dangerous one for the opposition. Soon, civilians and rebel fighters alike will either be punished or have to flee the city and join the many thousands of […]

By Nigel Stephenson | LONDON LONDON Global shares edged up on Tuesday, helped by gains in banks after Italy’s largest lender unveiled a 13 billion euro share issue, while the dollar held steady before a Federal Reserve meeting expected to deliver higher interest rates. UniCredit launched Italy’s biggest share issue to clean up its balance sheet and boost profitability in the latest move to strengthen the Italian […]

December 13, 2016 by: Demetri Sevastopulo in Washington Donald Trump is poised to name Rex Tillerson, chief executive of ExxonMobil, as his secretary of state, ignoring criticism that the oil and gas man is too close to Russian president Vladimir Putin and the Kremlin. Mr Trump tweeted on Monday that he would formally unveil his choice for the high-profile cabinet position on Tuesday morning. US media reported […]

Bahrain LNG, the developer of the Gulf state’s receiving and regasification terminal for liquefied natural gas (LNG), has closed a $741 million syndicated loan for the platform’s construction, according to a company statement on Monday. “The project is being developed to supplement local gas production in Bahrain and ensure capacity to meet peak seasonal gas demand and industrial growth,” the statement said. While the Gulf region is […]

Cronologics Google has acquired the team behind Cronologics, a company focused on the development of operating systems suitable for wearable devices. Started in 2014 by former Google business employees, the company hoped to one day create the go-to platform for smartwatches. With the introduction of Android Wear and Apple watchOS, this dream did not come to fruition, but there is still a future for the startup’s team. […]

Former New York Times White House correspondent Peter Baker will make an abrupt return to Washington, D.C. from Israel to cover the White House, the newspaper announced Monday. Baker, who moved to Jerusalem earlier this year after covering the run-up to the election, is being brought back to complete the Times’ political team. Baker is a 15-year veteran of the White House beat and has covered Barack […]

By the late 1970s, a decade after horrific riots, the Pistons had fallen on hard competitive times, along with the city, and out they went to a charmless football dome in distant Pontiac, Mich., and later to the basketball-specific Palace of Auburn Hills. A team in a sport played increasingly by young black men fled the city while hockey’s white-as-ice Red Wings stored their gloves and sticks […]

By Steve Holland | WASHINGTON WASHINGTON President-elect Donald Trump will announce Exxon-Mobil Corp’s Rex Tillerson as his choice for secretary of state on Tuesday, a senior transition official said, confident that the oil executive can get past questions about his ties to Russia. Trump is to make the announcement on Tuesday morning, going with a business leader whose experience in diplomacy is from making deals with foreign […]

Michael Moritz – chairman of Sequoia Capital and one of the most successful venture capitalists in history – says a simple vision led him to invest hundreds of millions of dollars in on-demand delivery startups. “The movement of goods and services and people, by easier, more convenient means,” he said in an interview. “That’s a huge trend, enabled by smartphones.” Led by Sequoia and another blue-chip Silicon […]

Dubai’s transport authority on Monday denied a newspaper report that it is to begin issuing driving licences to 16-year-olds. Following the media report, the Roads and Transport Authority (RTA) put out a tweet saying it denied agreeing to the move to lower the age of consent for driving in the emirate. In October, it was reported that a Dubai Police senior official had supported the idea of […]

By Ayesha Rascoe and Matt Spetalnick | WASHINGTON WASHINGTON The White House on Monday insisted that Washington’s “one China” policy should not be used as a “bargaining chip” with Beijing after President-elect Donald Trump said the United States did not necessarily have to be bound by its long-standing position that Taiwan is part of China. Signaling further resistance Trump will face in Washington if he tries to […]

International heads of state named on the rolls of clandestine companies in tax havens. Canada’s big banks facilitating tax avoidance through thousands of offshore enterprises. Strawmen fronting businesses to mask the identities of the real owners. After a year-long investigation into 11.5 million leaked tax haven documents, the Panama Papers were finally made public last April — and they landed like a bomb. […]

Google Pixel and Pixel XL have some connectivity problems, but the Mountain View company is on top of it, bringing a fix by releasing a new Android 7.1.1 Nougat build. Earlier this month, owners of the Phones by Google reported that the stable version of the latest Android already took care of the LTE Band 4 issues, but that wasn’t the case for everyone. This time around, the new […]

Saudi police detained a young woman for violating modesty rules after she removed her abaya, the loose-fitting, full-length robes women are required to wear, on a main street in the capital Riyadh, local media reported on Monday. The conservative Muslim country enforces a strict dress code for women in public, bans them from driving and prohibits the mixing of sexes. The Arabic-language al-Sharq newspaper reported that the […]

MEXICO CITY China and Mexico pledged on Monday to deepen ties at a meeting between their top diplomats following last month’s U.S. presidential election victory of Donald Trump, who has tested Washington’s relationship with both countries. Before arriving in Mexico on Sunday, Chinese State Councillor Yang Jiechi met with members of Trump’s team in New York, including his pick for national security adviser, retired Army Lieutenant General […]

By Nick Carey and Ginger Gibson | CHICAGO/WASHINGTON CHICAGO/WASHINGTON U.S. President-elect Donald Trump’s challenges to China on trade and Taiwan are rattling American companies who have long benefited from stable relations between the two countries but now fear retaliation by Beijing if Trump were to act. Trump jarred Chinese officials on Sunday by saying the United States did not necessarily have to stick to its long-standing position […]

Arab Petroleum Investments Corporation (Apicorp) has bought 30 percent of Falcon Cement Co, Bahrain’s largest cement producer, to help to drive economic growth in the region, the development bank said on Monday. The stake was bought from Islamic investment bank GFH Financial Group, which said it would remain a strategic shareholder in Falcon. The companies did not disclose the purchase price, but GFH has previously valued Falcon […]

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