Daily Archives: 06/13/2017


Uber CEO Takes Leave of Absence Amid Controversies

Uber’s embattled CEO Travis Kalanick announced Tuesday that he is taking a leave of absence from the company for an unspecified amount of time. He made the announcement to employees over email saying he needed to mourn the loss of …


US Central Bank Mulls Higher Interest Rate

Top officials of the U.S. central bank are gathered in Washington, debating whether to raise short-term interest rates on Wednesday, and by how much.  Most economists expect the Federal Reserve to boost the benchmark rate a modest quarter of a …


Yahoo, Verizon Finalize Acquisition

It’s the end of an internet era. Yahoo, an iconic early adapter of the World Wide Web, is now part of Verizon Communications, after a $4.48 billion deal was finalized Tuesday for Yahoo’s core internet operations. The remainder of Yahoo …


Business Confidence Plummets as Political Crisis Grips Britain

Britain’s descent into political crisis just days before Brexit talks begin has sapped confidence among business leaders and infuriated bosses who were already grappling with the fallout from the vote to leave the EU. The failure by Prime Minister Theresa …


Treasury: Trump Has Plan If Debt Limit Not Raised by August

The Trump administration has a backup plan to keep the government from defaulting on its financial obligations even if Congress misses an August deadline to raise the debt limit, Treasury Secretary Steven Mnuchin told a congressional panel Monday. Mnuchin had …


Israel Reduces Power Supply to Gaza, as Abbas Pressures Hamas

Israel will reduce electricity supplies to the Gaza Strip after the Palestinian Authority limited how much it pays for power to the enclave run by Hamas, Israeli officials said Monday. The decision by Israel’s security cabinet is expected to shorten …


Brazil’s Crisis Stalling Economic Reforms Seen as Crucial

Work longer hours. Get fewer benefits. Retire years later. Those are the ingredients of the bitter medicine Brazilians are being asked to swallow as a cure for the country’s moribund, overregulated economy. It would be a tough sell under any …