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Apple says global supply chain was not compromised

Bloomberg Apple Inc. told US lawmakers that its servers weren’t compromised and sought to assure them that the company’s global supply chain is secure. In a letter to the chairmen and ranking Democrats on the House and Senate Commerce committees, the Cupertino, California-based company disputed a Bloomberg report that Chinese spies used a microchip to infiltrate American computer networks. The ...

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Venezuela’s 2018 inflation to hit 1.37mn percent: IMF

Bloomberg Venezuela’s annual inflation rate will surge to 1.37 million percent by the end of the year as the government fails to cover a widening budget shortfall by printing money, according to a report from the International Monetary Fund published on Tuesday. That estimate from the latest IMF World Economic Outlook is up from the forecast of 1 million percent ...

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Average wage in UK may not double until 2099

Bloomberg UK workers will have to wait until the end of the century to see real wages doubling if the current pace of pay growth continues, according to the Resolution Foundation. Nominal pay growth has risen by an average of 2.2 percent since 2014, about half the 4 percent pace before the financial crisis of 2008, the Resolution Foundation said ...

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