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Telegram app raises $1.7bn in coin offering

Bloomberg Telegram Group Inc., an encrypted messaging app seeking to create its own cryptocurrency, has increased the proceeds from the world’s largest initial offering to $1.7 billion, according to a regulatory filing. Telegram raised $850 million from 94 investors in March in addition to $850 million it gained in February, and “may pursue one or more subsequent offerings,” the British ...

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Facebook bonuses for women lower in UK; Amazon pays less too

Bloomberg Facebook Inc. pays female staff in Britain just 0.8 percent less on average than male employees, but womens’ bonuses are almost 40 percent lower. The mean average disparity in pay at Facebook is an improvement compared to Google’s UK arm, where women are paid on average 17 percent less than men. Google’s average bonus for female staff is 43 ...

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Ousted veterans’ head warns of political privatisation push

Bloomberg David Shulkin, removed days ago as Secretary of Veterans Affairs, said political appointees engineered his ouster as they push for “more aggressive” changes to how the sprawling department is run. “I did not resign,” Shulkin said on Sunday on CNN’s “State of the Union.” In a separate interview on NBC’s “Meet the Press,” he said that “There would be ...

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