International
Headlines
The UN is mobilising for the next quarter-century
LUCKILY, GIVEN the pandemic, the UN did not plan a boastful birthday. Instead, it decided to ask what the world thinks. It has launched an effort to to gather views from everywhere, in the spirit of the opening words of its charter, “We the peoples”. With the help of a mass online survey, in-depth polling across 50 countries, hundreds of live “dialogues”...
Global leadership is missing in action
A FEW WEEKS after Japan’s attack on Pearl Harbour, Winston Churchill was a guest at the White House. President Franklin Roosevelt was so eager to tell him he had come up with a name for what would become a new world security organisation that, the story goes, he hurried into Churchill’s bedroom, to find the prime minister naked save for a bathrobe....
Who runs the world?
CRISES CAN bring clarity. In the financial crisis of 2008-09, the G20 club of big economies came into its own, reflecting how economic power had spread beyond the rich world’s G7. One thing the covid-19 pandemic has laid bare is an absence of global leadership. This time the G20 has done little beyond a rhetorical pledge to “do whatever it takes”...
The UN’s structures built in 1945 are not fit for 2020, let alone beyond it
“IF YOU DIDN’T have the UN you really would have to reinvent it,” says Stephen Schlesinger, author of a history of its founding. Maybe, but nobody in their right mind would design it as it exists today. Insiders complain of a tangle of overlapping agencies, senseless silos and barricaded budgets. “If you locked a team of evil geniuses in a laboratory,...
Mobilising for the next quarter-century
LUCKILY, GIVEN the pandemic, the UN did not plan a boastful birthday. Instead, it decided to ask what the world thinks. It has launched an effort to to gather views from everywhere, in the spirit of the opening words of its charter, “We the peoples”. With the help of a mass online survey, in-depth polling across 50 countries, hundreds of live “dialogues”...
Finance
Big Banks Aren’t Embracing Fed’s Main Street Loan Program
WASHINGTON — The Federal Reserve Bank of Boston on Wednesday released a list of lenders that have signed up for the central bank’s midsize-business lending program and are willing to make loans to new customers through the initiative.Noticeably absent are most of the nation’s biggest banks. Only Bank of America has so far agreed to participate...
Shepard Smith, Formerly of Fox News, Joins CNBC as a Nightly Anchor
Shepard Smith, the Fox News anchor who abruptly left his longtime network last year after tensions with colleagues over coverage, is set to join CNBC, the cable station known for Wall Street and business news, as the host of a new nightly newscast.His 7 p.m. program, “The News with Shepard Smith,” is expected to start in the fall, the network said...
Robinhood Has Lured Young Traders, Sometimes With Devastating Results
Richard Dobatse, a Navy medic in San Diego, dabbled infrequently in stock trading. But his behavior changed in 2017 when he signed up for Robinhood, a trading app that made buying and selling stocks simple and seemingly free.Mr. Dobatse, now 32, said he had been charmed by Robinhood’s one-click trading, easy access to complex investment products,...
Brooks Brothers, Founded in 1818, Files for Bankruptcy
Brooks Brothers, the retailer known for dressing the great and good of the United States since 1818, filed for bankruptcy on Wednesday, buckling under the pressure from the coronavirus pandemic following years of declining sales as customers embraced more casual apparel and sales shifted online.The company, founded and based in New York, filed for Chapter...
Warren Buffett Gives $2.9 Billion to Charity
Warren E. Buffett announced on Wednesday that he donated $2.9 billion worth of stock to nonprofit groups, as the 89-year-old billionaire investor continues to follow through on his pledge to give away nearly all his fortune to philanthropic causes by the time he dies.Mr. Buffett said in a statement that he had given shares in Berkshire Hathaway, the...
Legal
New DOJ Expectations: Does Your Corporate Compliance Measure Up?
On June 1, 2020, the Department of Justice (“DOJ”) Criminal Division released an update to its “Evaluation of Corporate Compliance Programs” guidance for federal prosecutors, its first change since April 2019. Although the update did not fundamentally alter the structure of the guidance, the revisions directly impact how companies should assess...
Nursing Homes Face Scrutiny Following Financial Assistance
Release of $4.9 billion in financial assistance for nursing homes, which care for high risk seniors, is not all good news. Already facing difficult times, skilled nursing facilities will receive even more scrutiny to account for the money. Read tips here from former prosecutors Marisa Darden, David Maria, and Tom Zeno.… Continue Reading The...
Tips for Keeping Data Breach Report Privileged
A judge recently ordered Capital One to disclose its cybersecurity report about a data breach. For tips on how to keep such reports under attorney client privilege, go to our post here on the Consumer Privacy World blog by Colin Jennings, Ericka Johnson, and Dylan Yépez.… Continue Reading The post Tips for Keeping Data Breach Report Privileged...
Lying in Wait: Cybercriminals’ COVID-19 Tactic
As business slowly and cautiously reopens, cybercriminals lie in wait. A case study into a massive unemployment insurance fraud shows that cybercriminals patiently hunt for lucrative opportunities to strike. For that reason, companies reopening should consider conducting a cyber-audit to identify their cyber vulnerabilities and thwart cybercriminals...
Responding to Financial Crime Risks during COVID-19
Over the past few months, numerous organizations and agencies—including the intergovernmental Financial Action Task Force, UK Financial Conduct Authority, Dubai Financial Services Authority, and U.S. Financial Crimes Enforcement Network—have stressed the need to preserve the integrity and security of the global payments system during and after the...
Deals
Seequent continues investment in innovative geoscience technology for world’s major resource challenges Minalytix partnership and minority shareholding demonstrates Seequent’s commitment to advancing solutions to help customers solve challenges within mining and applied geosciences
Minalytix partnership and minority shareholding demonstrates Seequent’s commitment to advancing solutions to help customers solve challenges within mining and applied geosciences Seequent, a world leader in the development of geoscience analysis, modelling and collaborative technologies, continues its investment in geoscience technology and innovation...
Qualitest announces investment from Bridgepoint for Majority Stake
World’s largest independent software testing and quality assurance company will use investment to accelerate global acquisition strategy and product development Qualitest, the world’s largest pure-play outsourced software testing and quality assurance specialist, announced today that Bridgepoint, an international private equity group, has...
Accountants reveal how AI will change deal-making - forever
The ability to predict and shape the long term success of global takeovers is often seen as the “holy grail” for CEOs, investors and their advisors. A new report from chartered accountancy body ICAEW and Drooms, a leading data solutions company, reveals that some key decision making may soon be taken away from humans and guided instead by the application...
US dominates global M&A securing nine out of ten of the largest 1H19 deals
Mergermarket publishes its Q2 2019 global report London, United Kingdom 2nd July 2019: Mergermarket, the leading provider of M&A data and intelligence, has published its Q2 2019 report in which all but one of the ten largest deals targeted US-based companies, six of which were the result of domestic consolidation. Amid heightened geopolitical...
Uber to acquire Careem to expand the greater Middle East regional opportunity together
Careem to become a wholly-owned subsidiary of Uber, operating as an independent company under the Careem brand and led by Careem foundersOpportunity for both companies to rapidly expand and capitalise on the region’s underpenetrated mobility opportunity and growing digital economy Transaction would be largest-ever technology industry transaction...
Acq Lite
At World’s Biggest Dog Show, Pups That Give New life to Disabled Owners
EDITOR’S NOTE: This news is courtesy of iCopyright, so GNN has no control over the ads. Please remember we do not endorse the advertisements. The post At World’s Biggest Dog Show, Pups That Give New life to Disabled Owners appeared first on Good News Network. Read More
Stranger Sets Off Incredible Chain of Good Deeds That Saved 6 Lives
Six lives were saved at a hospital this week, and it is all thanks to one woman's decision to “be selfless for a day”. The post Stranger Sets Off Incredible Chain of Good Deeds That Saved 6 Lives appeared first on Good News Network. Read More
10 Things I Wish I Would Have Told My Kids
Mindfulness is the ability to pay attention to your current experience—both the internal and external—without judgment. Practicing mindfulness allows us to make wiser choices and pursue healthier and more beneficial avenues in life. Had I learned them earlier in life, I would have taught my kids the valuable life lessons that I’ve gleaned from...
DIY or Die: How an Industrious Outback Nurse Diagnosed His Own Heart Attack and Stayed Alive
The nurse was stationed at his medical outpost 100 miles away from the nearest hospital when he realized that he was about to have a heart attack. The post DIY or Die: How an Industrious Outback Nurse Diagnosed His Own Heart Attack and Stayed Alive appeared first on Good News Network. Read More
Daily Dose of Cute: Dachshund Shows Off Skills by Maneuvering Maze of Plastic Water Bottles
If you’re mourning the end of the Winter Olympic Games in Pyeongchang, you might like these games of skill involving a long-haired Dachshund. Takao showed off his thinking abilities earlier this week when he successfully maneuvered a maze of plastic water bottles that was erected by his owner. In the videos posted to his Instagram page, the...