Markets
Trump faces fallout over Comey appeal, intelligence sharing
Donald Trump is facing the deepest crisis of his presidency after contents of a memo written by James Comey when he was FBI director surfaced Tuesday, alleging that the president asked him to drop an investigation of former National Security Adviser Michael Flynn. [Full Article...]
Amid Controversy, Trump Welcomes Turkey's Erdogan to the WH
Fresh from securing his grip on Turkey with a referendum to enhance his powers, Erdogan came to the Oval Office with complaints about U.S. support for Kurdish fighters and what Ankara says is Washington's harboring of the mastermind of a failed coup. [Full Article...]
Microsoft's President Reflects On Cyberattack, Helping Pirates And The NSA
The tool was one of many linked to the NSA that were leaked online a year ago, then finally decrypted in April for use by anyone with the requisite coding skills. "The governments of the world should treat this attack as a wake-up call". For the most part, civil liberties groups are siding with Microsoft. The attack stoked fears that the spy agency's powerful cyber weapons could now be turne... [Full Article...]
US Households Owe Record Amount, Topping Pre-Recession Peak
Those changes suggest households are still cautious about taking on debt to fuel day-to-day consumption. As of the first quarter, 67.8% of total household debt was in the form of mortgages; in the third quarter of 2008, mortgages were 73.3% of total debt. [Full Article...]
Chelsea's Premier League title triumph in numbers
Chelsea goalkeeper Thibaut Courtois feels they silenced their critics by winning the Premier League after a disappointing 2015-16 campaign. Some criticism was deserved and others not - and if you bounce back and win the title again. "Also Willian's impact was very good". The Italian manager just like Antonio Conte moved to Chelsea in 2009/10 after a poor season for the club the year before. [Full Article...]
Activist backtracks on BHP plan
BHP Billiton Ltd.is considering further sales of its USA shale gas assets as it fends off the second round of attack from activist hedge fund Elliott Management Corp. Mackenzie gave a speech to the conference on Tuesday where he reiterated his confidence in boosting the value of the company by up to 50% and nearly double the return on capital, through cutting costs and carefully managing assets. [Full Article...]
Security researchers: North Korea possible source of WannaCry cyber attack
Choi introduced that he unintentionally contacted a North Korean hacker past year, stumbling onto a plot to develop a type of ransomware. "Our researchers analysed this information, identified and confirmed clear code similarities between the malware sample highlighted by the Google researcher and the malware samples used by the "Lazarus Group" in 2015 attacks", Altaf Halde, Managing Director of... [Full Article...]
German prosecutors investigating VW's Mueller over scandal
The carmaker is owned by holding company Porsche SE and said in a statement that it had fully complied with all disclosure rules. Two Porsche executives are under investigation over their role in Volkswagen's emissions scandal. It has agreed to at least $16 billion in civil settlements with environmental authorities and vehicle owners in the United States, and to a $4.3 billion criminal pena... [Full Article...]