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Economy

One police officer died after a gunman wielding a machine gun leapt out of a vehicle and opened fire on the Champs-Elysees, Paris's most famous boulevard, as candidates were engaging in their final TV debate. More recently, she has said she would organize a referendum on France's common currency membership. Also wounded was a female tourist. Whether many voters will be discouraged from turning out to vote in the face of another potential attack remains to be seen, but, says CNN's Cyril ...
  • British hedge fund Man Group says Q1 assets up 10 pct

    British hedge fund Man Group says Q1 assets up 10 pct

    Economy

    For the quarter ended March 31, the investment manager recorded funds under management of $88.7 billion, up from $80.9 billion as at December 31, 2016. Man made gains in 24 out of 30 strategies, delivering 14.4 percent and 11.5 percent improvements quarter-on-quarter in its top-performing Numeric emerging markets funds.
  • Australia abolishes visa programme used mostly by Indians

    Economy

    The Turnbull government has reacted to increasing pressure from Labor and One Nation by scrapping the 457 visa program for skilled migrants, and replacing it with a tighter regime. Premier Daniel Andrews said "these are welcome changes" to the foreign skilled worker program, after Prime Minister Malcolm Turnbull axed the 457 visa scheme on Tuesday.
  • France PM warns Le Pen against 'exploiting' Paris tragedy

    Economy

    France's election kicks off Sunday. Former President Barack Obama has also gotten involved in France's election, offering centrist candidate Emmanuel Macron his best wishes in a phone call Thursday, though he, too, stopped short of a full endorsement.
  • Musk on mission to link humans with computers

    Musk on mission to link humans with computers

    Economy

    Neuralink, like Musk's other business ventures, has a multi-level plan of attack. However, that would be but a stop in its ultimate journey - which at its root, is exploiting the potential of the human brain. And if we haven't figured out the science of that now, what's the likelihood that we would have in the eight-10 years Musk intends to roll out his first "neural laces" for people without disability (Neural laces are implants that will go into the human brain ).
  • French security forces fully mobilised to protect elections after Paris shooting - PM

    Economy

    He also wants to take France out of North Atlantic Treaty Organisation, bring energy companies under state control and substantially raise taxes on the rich. Sunday's round of voting will be followed by a second-round runoff on May 7 between the top two candidates. Besides Le Pen, other presidential candidates have expressed their solidarity with police forces.
  • Wall Street closes mixed with oil decline, tech rise

    Wall Street closes mixed with oil decline, tech rise

    Economy

    The Dow Jones industrial average edged up 6 points, less than 0.1 percent, to 20,529. The Nasdaq decreased 13 points to finish trading at 5,863. The Standard & Poor's 500 index rose 5 points, or 0.3 percent, to 2,347. Overall, profits of S&P 500 companies are estimated to have risen 11.1 percent in the quarter, the best since 2011. On Wednesday, oil prices tanked after data showed an unexpected 1.5m barrel build in gasoline stocks last week.
  • Visa's profit boosted by Europe unit, big card portfolio wins

    Visa's profit boosted by Europe unit, big card portfolio wins

    Economy

    Finally, Cullen Frost Bankers Inc. increased its stake in shares of Visa by 0.5% in the third quarter. Hedge funds have recently made changes to their positions in the stock. Visa had a return on equity of 26.48% and a net margin of 38.30%. Total processed transactions for the reported quarter were 26.3 billion, reflecting a 42% rise year over year.
  • Ontario police arrest 100 men in child prostitution case

    Ontario police arrest 100 men in child prostitution case

    Economy

    Police went online and offered sex with children between 13 and 16 years. "The majority of underage trafficked children are being trolled via social media". Out of the completed cases, 87 per cent of suspects (35 out of 40) either pleaded guilty or were found guilty in court. Truong told reporters that the undercover sting is one aspect of the force's multi-pronged approach to rescuing victims of human trafficking, and charging those who buy and sell sex with children.
  • Wells Fargo claws back $75 million from top execs in sales scandal

    Wells Fargo claws back $75 million from top execs in sales scandal

    Economy

    As my colleague James Rufus Koren reports, Wells Fargo has responded to the investigation by moving to take back more than $47 million in pay from Tolstedt and Stumpf . There were similar large-scale terminations for such conduct over the next decade, the report said, yet top executives repeatedly failed to look at what the root problem might be.