Amazon investigates claims staff are leaking data for bribes

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Employees are offering confidential information to sellers, according to report Amazon is investigating claims that employees have taken bribes for leaking confidential sales information, particularly in China, as it the Wall Street Journal reported, citing sellers, brokers and people familiar with internal investigations. The practice violates company policy and is common in China, where the […]

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US economists win Nobel prize for work on climate and growth

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William Nordhaus and Paul Romer honoured over two of most basic and pressing issues Two American economists at the forefront of work on climate change and the role of governments in boosting growth have been jointly awarded the prestigious Nobel Memorial prize for economics. The Royal Swedish Academy of Sciences said William Nordhaus and Paul […]

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The Truth About Amazon, Food Stamps, and Tax Breaks

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Since the early 2000s, Amazon has quietly received more than $1.5 billion in government subsidies, in exchange for bringing new jobs to cities and states across the country. At the same time, low-wage employees at Amazon's grueling warehouses have sometimes had to rely on a different kind of government benefit, like the Supplemental Nutrition Assistance […]

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This Hearing Aid Can Translate For Youand Track Steps Too

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It’s too loud for me to hear inside the Cupertino coffee bar, but Achin Bhowmik says it doesn’t bother him. He’s got a superpower, he says. If I look closely—very closely—I can see the tiny plastic tubes reaching from his ear canals to small devices hidden behind his ears. The hearing aids are running machine-learning […]

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Weak economic recovery was down to flawed policies, not secular stagnation | Joseph Stiglitz

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Lesson to be learned from 2008 financial crisis is that the challenge was and is – political In the aftermath of the 2008 financial crisis, some economists argued that the US, and perhaps the global economy, was suffering from secular stagnation an idea first conceived in the aftermath of the Great Depression. Economies had always […]

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Elon Musk and Tesla sued over ‘fraudulent scheme’ to go private

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Lawsuits say funding secured tweet broke securities laws and aimed to punish short-sellers Tesla and Elon Musk were sued twice on Friday by investors who say they fraudulently engineered a scheme to squeeze short-sellers, including through Musks proposal to take the electric car company private. The lawsuits were filed three days after Musk stunned investors […]

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EU acts to protect firms from Donald Trump’s sanctions against Iran

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Companies told to ignore White House demands to drop all business with Iran The EU has launched an attempt to protect European businesses from Donald Trumps sanctions against Iran as the US administration voiced its intent to apply maximum pressure on Tehran by vigorously applying its punitive measures. The sanctions are to enter into force […]

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Putin Aide Proposes $7.5 Billion Tax Hike for Mining, Chemicals Sectors

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The top economic adviser to Russian President Vladimir Putin proposed raising taxes on mining companies, including MMC Norilsk Nickel PJSC and Alrosa PJSC, among the largest producers of nickel and diamonds. Additional budget revenues are needed to help pay for Putin’s promises to boost spending after his re-election this spring, according to the letter, which […]

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