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Uber paid off hackers to hide massive data breach

Uber Technolog ies Inc paid hackers $100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provider, the company said on Tuesday. Discovery of the company’s cover-up of the

Uber appoints banking executive as first UK chairman

Uber appointed Laurel Powers-Freeling, as its first UK chairman just as it battles to retain its operating license in London, its most important European market. Uber is battling to keep its 40,000 London drivers on the road after it has been

Does Excess Liquidity Pose a Threat to Japan’s Economy?

Japanese Prime Minister Shinzo Abe’s recollected two-thirds majority in the lower house of the parliament in Sunday’s election, as reported by Reuters, paving the way for more ultra-easy monetary policy. The victory, has sent Tokyo Stock Exchange to its all-time high, while

Dollar buoyant after ECB sends Euro to 3-month lows

Last Friday, the Euro slumped to a three-month low of 1.1625 against the US Dollar, after the European Central Bank extended its Bond buying program by nine months to September 2018 at a pace of 30 billion Euros per month starting

Pound surges sharply boosted by strong inflation data

On Wednesday, Sterling rose and hit 1.3314 against the US Dollar, its highest level in a year, after the release of upbeat UK inflation, adding pressure on the Bank of England to do more to support the currency. Inflation surged to

Dollar edges higher as North Korea tensions subside

On Wednesday, the US Dollar rebounded from a 2-1/2-year low against its major counterparts and Asian Stocks took their cue from Wall Street’s stronger close, as investors’ concerns over North Korea’s latest missile test eased for now. North Korea’s launch of

Vertu that sold $14,000 smartphones has reportedly collapsed

According to multiple media reports, the manufacturing arm of a British luxury smartphone maker is to be wound down after a failed buyout bid in the UK High Court. Murat Hakan Uzan, who owns the Vertu brand, sought to buy the

Snapchat Shares get a Wall Street upgrade after falling to post-IPO low

Stifel, the Wall-Street firm upgraded Snpachat-parent Snap Shares to buy from hold last week after the Stock hit a new low since its March IPO. Stifel is now one of the minority of Wall Street firms with a positive outlook on Snap. Shares

US inflation data awaited for Fed direction

Last Friday, the Euro failed to sustain an early advance against the US Dollar, and retreated to trade below the $1.14 level as investors unwound long positions to take profit. The European Central Bank is likely to signal in September that

Dollar softens against a stronger Euro in Asia

In early Asian sessions yesterday, the Euro rose against a weaker US Dollar and edged above $1.1000 ahead of the release of Eurozone gross domestic product data later in the day. With concerns about political risks in the Eurozone having receded