EU Chief: Russia Could Be Cut off From Markets, Tech Goods | Business News
By KARL RITTER and GEIR MOULSON, Associated Press MUNICH (AP) — Moscow would have its access to financial markets and high-tech goods limited under Western sanctions being prepared in case Russia attacks Ukraine, a top European Union official said Saturday. The comments from Ursula von der Leyen, head of the EU’s Executive Commission, came as […]
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Tech giants recruit defenders among communities of color
Supporters of the legislation are unmoved. “In a last-ditch attempt to preserve their corrosive powers, big tech is now circulating arguments that antitrust legislation will harm Black communities,” Rep. Hakeem Jeffries (D-N.Y.), a co-sponsor of House tech antitrust legislation and former whip of the Congressional Black Caucus, said in an email. “I don’t buy it.” […]
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FNB warns of new ‘remote’ scams targeting customers in South Africa
FNB is warning consumers of ‘remote access’ scams currently targeting its customers in South Africa, tricking them into compromising the security of their information and financial credentials. Giuseppe Virgillito, FNB head of digital banking, says, the modus operandi targets unsuspecting users, particularly seniors, by coercing them to automatically download remote software onto their devices under […]
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Amazon is hiring again in South Africa
Global tech giant Amazon has listed a number of new job openings in South Africa, in fields ranging from customer support to senior management positions. Amazon has had a presence in Cape Town since 2004 and most recently moved into a new eight-floor building in the city in late 2018, housing its local AWS staff. […]
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Big Tech’s Big Returns and Sports Business in the Spotlight
Apple (NASDAQ:AAPL) posts record revenue. Microsoft (NASDAQ:MSFT) makes its intentions clear with respect to its gaming division. Visa (NYSE:V) and American Express (NYSE:AXP) rise on strong results. Tesla (NASDAQ:TSLA) tells Wall Street not to expect any new models this year. Home Depot‘s (NYSE:HD) getting a new CEO while Lowe’s (NYSE:LOW) gets a new partner in Petco (NASDAQ:WOOF). Atlassian (NASDAQ:TEAM) raises […]
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The tax hikes that could fund a new basic income grant in South Africa
While president Cyril Ramaphosa has been a strong proponent for a basic income grant in South Africa, the government also needs to be rational about the fact that the additional expenses will necessitate raising taxes and budget cuts, says Michael Sachs. Sachs is an adjunct professor of the Southern Centre for Inequality Studies at the […]
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Ramaphosa and Godongwana split on basic income grant for South Africa
Politics and economics are set to collide over welfare payments in the world’s most unequal nation. The first clue over which will prevail may come in South African president Cyril Ramaphosa’s state-of-the-nation address on Thursday. Record unemployment and deepening poverty has fueled calls for the government to move toward a basic income grant, which would […]
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Asian Shares Mostly Higher After Wall Street Tech Rally | Business News
By YURI KAGEYAMA, AP Business Writer TOKYO (AP) — Asian shares mostly rose Thursday as investors tried to gauge U.S. inflation, tensions between Russia and Ukraine and the impact of the pandemic. Japan’s benchmark Nikkei 225 rose 0.4% to 27,680.91. Australia’s S&P/ASX 200 gained 0.1% to 7,275.70. South Korea’s Kospi added 0.1% to 2,771.88. Hong […]
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