Why banks don"t diversify their foreign assets enough
A new paper links portfolio diversification and information production, explaining why banks concentrate their holdings of foreign assets......»»
A fifth of passwords used by federal agency cracked in security audit
89 percent of the department's high-value assets had easy-to-crack passcodes. Enlarge (credit: Getty Images) More than a fifth of the passwords protecting network accounts at the US Department of the Interior—including.....»»
Lear moves to sell its plants in Russia
The company is aiming to sell its assets in Russia within the first half of this year, CEO Ray Scott said, adding that legal issues and other complexities have made the process slow moving......»»
Ford to partner with LG on Turkey battery plant, drops SK
Ford Motor Co. will partner with LG Energy Solution Ltd. to build a new battery plant in Turkey, dropping a deal with SK On Co., as the US carmaker seeks to speed up the shift to clean cars and diversify its battery suppliers, people familiar with th.....»»
"Green banks," poised for billions in climate funds, draw states" attention
In recent years, several states have created or helped to fund specialized banks that lend money to homeowners and businesses for energy-saving and climate projects. Now, states have billions more reasons to establish such institutions, known as gree.....»»
US bank Silvergate hit with $8bn in crypto withdrawals
The bank has had to sell $5.2bn in assets to cover two-thirds of its customers withdrawing their deposits......»»
Notebook ODMs see customers actively diversify production locations
Notebook ODMs are seeing customers step up the diversification of production locations aiming to accelerate production relocations away from China, according to industry sources......»»
Thursday’s best deals: Belkin Apple Watch Series 8 Fast Charger $51, Shargeek power banks, more
All of today’s best deals are now live for Thursday and headlined by Belkin’s Apple Watch Series 8 Fast Charger at $51. Alongside being able to tidy up the nightstand, today’s price cuts also carry over to Shargeek’s popular transparent powe.....»»
The effect of investing in foreign countries to pay lower taxes on economic productivity
An increasingly connected world and a strong digital economy have made it easier for multinational companies to have investments in multiple countries. This investment, where the company buys a controlling stake in a foreign company, is known as fore.....»»
When American democracy is weakened, faith in the U.S. as an ally falters
A new study finds that foreign interference in an American election can reduce faith abroad in the United States as an effective and trustworthy ally, suggesting that Russia's meddling in the 2016 election had some international ramifications......»»
US regulators warn banks over cryptocurrency risks
The announcement comes just two months after the collapse of FTX sent shockwaves through the industry......»»
2022’s US climate disasters, from storms and floods to heat waves and droughts
Way too much rainfall in some places, not nearly enough in others. Enlarge / Rain and fast snowmelt sent the Yellowstone River and nearby streams raging beyond their banks in June 2022. (credit: William Campbell / Getty Images).....»»
US to extend tax credits to consumer-leased EVs
The US Treasury Department has potentially opened the door to helping foreign-made EVs qualify for government subsidies. The agency said on December 29 that EVs leased by consumers will be eligible for the revised commercial clean vehicle tax credits.....»»
Foreign investors" interest in India"s computer software and hardware sector surged
India has been striving to build a manufacturing ecosystem since Narendra Modi took office in 2014. Statistics show that India's services sector has attracted more interest from investors, while the computer software and hardware sector is quickly ca.....»»
TSMC braces for weak 1Q23
TSMC is bracing for a nearly 15% sequential decline in first-quarter 2023 revenue, driven by falling capacity utilization rates at its fabs and wafer banks reaching new highs, according to industry sources......»»
Apple faces US$98 million in back taxes in Japan, Nikkei says
Apple faces about US$98 million in back taxes in Japan, a bill that appears to be tied to bulk sales of duty-free devices to foreign tourists, Nikkei reported......»»
Apple slapped with $98 million bill for back taxes
Authorities in Tokyo are asking Apple to pay $98 million in back taxes after incorrectly exempting foreign tourists and resellers from a consumption tax. Nikkei reports that Apple stopped tax-free shopping in June after incorrectly exempting bulk or.....»»
Apple Japan slapped with $98 million bill for back taxes
Authorities in Tokyo are asking Apple to pay $98 million in back taxes after incorrectly exempting foreign tourists and resellers from a consumption tax. Nikkei reports that Apple stopped tax-free shopping in June after incorrectly exempting bulk or.....»»
Failing crypto could be a win for the environment
It's been a turbulent year for cryptocurrency. Crypto giant FTX is just the latest in a slew of bankruptcies, collapsing spectacularly after a run on the company and a mad scramble to recover customer assets. Once worth $32 billion, it now owes up to.....»»
Zuckerberg weighed naming Cambridge Analytica as a concern in 2017, months before data leak was revealed
Mark Zuckerberg considered disclosing in 2017 that Facebook was investigating "organizations like Cambridge Analytica" alongside Russian foreign intelligence actors as part of an election security assessment before ultimately removing the reference a.....»»
Musk’s $5.7 billion mystery gift went to his own charity
The Musk Foundation held $9.4 billion in assets at the end of 2021, according to a tax filing obtained by Bloomberg News. It sent about $160 million to nonprofits last year......»»