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Location American Business News for 3 July 2018
China's massive 'Belt and Road' spending spree has caused concern around the world, and now it's China's turn to worry REUTERS/Jason Lee China's sprawling Belt and Road Initiative has spread development funding around Asia, Africa, and Europe. But foreign governments have warned the terms of BRI deals could pose risks to the countries si...
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Environmental Protection Agency Administrator Scott Pruitt became the most recent Trump administration figure to get an earful while trying to get a mouthful at a DC restaurant, according to a Facebook posting Monday.
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Trump's tax reforms ignore companies with foreign profits President Trump got one thing right. But then he blew it. As part of the tax-reform bill that the Republicans pushed through Congress last year, companies with profits that were stuck overseas were allowed to bring those...
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Crypto money laundering up threefold in 2018: Report

American Banker - 3 Jul 2018 17:08
Theft and money laundering are both thriving in the crypto world, according to a report released Tuesday by CipherTrace.
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12 fruits you've probably never heard of that you should try ASAP TheDeliciousLife / Flickr One of the best parts of traveling is trying local food. Not only is it often delicious, but it's fascinating to see how something that appears so foreign to you can be so commonplace in the loc...
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Facebook Is Pulling the Plug on Stand-Alone Apps Moves, Hello, tbh Facebook is pulling the plug on three underperforming applications, saying that user data will be deleted from those apps within 90 days. The social network acquired ProtoGeo Oy, parent of fitness-tracking "activity diar...
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The economy isn't booming as much as Trump says

New York Post - 3 Jul 2018 04:56
The economy isn't booming as much as Trump says Well, it's the end of the second quarter and the Trump administration is talking like the economy roared to the finish line. In fact, Trump economic adviser Larry Kudlow was crowing last week that the national deficit wa...
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Carl Icahn considering whether to make VMware play

New York Post - 3 Jul 2018 04:22
Carl Icahn considering whether to make VMware play Billionaire Carl Icahn is deciding whether to challenge Michael Dell in VMware, sources told The Post. Dell said Monday his company would pay $21.7 billion in cash and stock to buy back the tracking stock tied to its int...
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Banks seek new blood to fill evolving CRO role

American Banker - 3 Jul 2018 00:08
Turnover of chief risk officers is on the rise as CEOs look to add executives whose experience goes far beyond assessing credit risk. Sometimes they are promoting from within, but often they are poaching talent from riva...
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Pete Davidson dyed his hair blond -- and Ariana Grande thinks it's 'so sick' Alberto E. Rodriguez/Getty Images Pete Davidson's hair is now bleach blond. The comedian shared a photo of his newly lightened locks on Instagram. Ariana Grande commented on the photo, calling the new color "so sick." E!...
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South Korea is trying to stop overwork by limiting the maximum workweek to 52 hours Chung Sung-Jun/Getty Images South Korea has lowered its workweek from 68 to 52 hours. Larger firms that breach the new rules could be fined up to$17,815. Executives could face two years in prison. President Moon Jae-in i...
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WASHINGTON
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PwC must pay FDIC $625M for failing to uncover fraud scheme A federal judge on Monday said PricewaterhouseCoopers must pay the Federal Deposit Insurance Corp. $625.3 million in damages for failing to uncover a fraud scheme between its client Colonial Bank and the mortgage lender ...
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NAACP to Starbucks: Don't let up on weeding out racial bias The coffee giant needs to audit stores, update manuals and take other actions in light of the Philadelphia arrests, a report says        
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Lyft buys the largest U.S. bike-sharing company Motivate, the largest bike-rental operator in North America.        
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July marks the beginning of several Oklahoma tax hikes to raise more than $400 million for teacher salaries and other budget priorities. Drivers have begun paying an extra 3 cents …
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BrandVoice: 3 Ways Social Selling Can Supercharge Your Sales Team Social media interactions allow professionals the opportunity to establish their credentials, create and leverage relationships and steer interactions within a context that the buyer has participated in creating.
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Climate Vulnerable Countries Face $168 Billion In Higher Debt Costs Activists raised climate risk as a problem to encourage finance to engage in addressing the challenge. The law of unintended consequences being what it is, the most climate vulnerable countries are now being penalised by...
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A Small Investment By Colgate Reveals A Lot About The Future of Grocery The shift to online shopping in grocery and health and beauty products will create enormous changes for consumer packaged goods brands. Companies that don't prepare now for those changes are vulnerable.
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GM puts pieces in place for self-driving taxis in San Francisco General Motors Co. has created its own ride-hailing platform and quietly built one of the largest charging stations in the United States to get its Cruise self-driving car unit ready to enter the robo-taxi business next ...
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'China doesn't need to punish itself for other's foolish trade policies': Wall Street warns Beijing against weakening its currency AP/Emily Wang The Chinese yuan has been sinking to fresh lows versus the dollar. The People's Bank of China has tolerated the depreciation beyond its own stated exchange-rate policy. But analysts say yuan depreciation as...
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Thai soccer team that was found in a cave after 10 days may be stuck there for months (Krit Promsakla Na Sakolnakorn/Thai News Pix via AP) The Thai soccer team that has been stuck in a cave in northern Thailand for more than a week may need to remain there for months. The boys will have to learn how to di...
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