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Facebook can’t remain a benevolent dictatorship

As lawmakers grill Facebook CEO Mark Zuckerberg, it’s clear many are wrestling with whether and how the government should regulate tech companies. A recurring question is whether they have any inherent ideological biases. In his testimony to the Senate, Zuckerberg called Silicon Valley “an extremely left-leaning place.” While voter patterns at the regional level and likely the employee level at ...

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Flush with cash, Canada banks poised for expansion, takeovers

Bloomberg Canadian banks have amassed their biggest war chest in five years — and they’re ready to use it. The country’s six largest lenders are approaching their strongest capital position since 2013, leaving them with enough resources to pursue acquisitions, buy back shares or build from within. That has the chiefs of Canada’s big banks weighing options. “It’s great to ...

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BOJ upbeat on regional Japan; wary over labour crunch, trade war risk

TOKYO / Reuters The Bank of Japan mostly held an optimistic view on regional economies, in a sign of its conviction over a broadening recovery but warned that labour shortages and a US-China trade war could cloud the outlook. The central bank’s assessment in a report suggests it will probably maintain its upbeat growth and price forecasts when it conducts ...

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