World News

Ant Financial’s Alipay bans high-interest loans

Anthony Kwan | Bloomberg | Getty Images Mobile payment platforms Apple Pay in addition to also also Alipay are displayed for a photograph in Hong Kong, China, on November 1, 2016. Alibaba Group affiliate Ant Financial has banned consumer loans with annual interest rates above 24 percent by its Alipay platform, a move which comes as China’s government increases scrutiny ...

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Jeff Bezos net worth on Black Friday 2017 tops $100 billion

Amazon founder along with CEO Jeff Bezos currently includes a 12-digit fortune, according to an estimate by Bloomberg. Bezos’s net worth surpassed $100 billion on Friday, Bloomberg reported. Amazon shares hit a record on Black Friday — one of the year’s busiest shopping days— joining a broader stock market rally. Bezos, the globe’s richest man, owns about 78.9 million shares ...

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Uber to send out tenders on SoftBank deal early next week

Uber Technologies Inc. plans to move ahead using a deal to bring in Japanese technology company SoftBank Group Corp. as a major investor by disclosing the terms early next week in formal tender offers to the ride-hailing service’s investors, two people familiar with the plans said on Friday. The move to start the tender next week follows Uber’s disclosure on ...

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Momentum grows for another grand coalition in Germany

Members of Germany’s Social Democrats (SPD) will likely approve a renewed coalition with Chancellor Angela Merkel’s conservatives if party leaders present a convincing proposal, a member of the party’s executive leadership said on Saturday. Niels Annen of the SPD, in an interview with the Passauer Neue Presse newspaper, called for quick action to form a completely new German government given ...

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Hedge funds hate these 10 stocks, Goldman says

One of the main ways hedge funds make money is actually betting against companies they believe are overvalued, so investors should be wary of stocks with high levels of so-called short interest. Goldman Sachs listed which stocks professional managers are short selling the most in its latest “Hedge Fund Trend Monitor” report by Ben Snider on Tuesday. The firm’s very ...

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London’s Oxford Street underground station reopens after incident

Daniel Leal-Olivas | AFP | Getty Images An armed policeman runs down Oxford Street in central London on November 24, 2017, as police responded to an incident. British police said they were responding to an ‘incident’ at Oxford Circus in central London on Friday along with have evacuated the Underground station, in an area thronged with people on a busy ...

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Bitcoin rival cryptocurrency Ethereum hits record high

Ether, the digital currency of the ethereum blockchain, made significant gains on the day of the Thanksgiving holiday. The cryptocurrency hit an all-time high of $425.55 Thursday, according to data by industry website Coinmarketcap. This kind of broke a previous record high of $414.76, which the digital currency’s cost reached in June. Ether has risen by more than 5,000 percent ...

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Saudi Crown Prince calls Iran leader ‘fresh Hitler’: NYT

Saudi Arabia’s powerful Crown Prince called the Supreme Leader of Iran “the fresh Hitler of the Middle East” in an interview with the fresh York Times published on Thursday, sharply escalating the war of words between the arch-rivals. The Sunni Muslim kingdom of Saudi Arabia in addition to also Shi’ite Iran back rival sides in wars in addition to also ...

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