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Google can’t bring itself to tolerate diversity

Google is scrambling to distance itself from one of its engineers, who has gained infamy for publishing a 10-page criticism of the company’s “authoritarian” approach to achieving gender diversity. If the goal was to confirm the author’s thesis, Team Google is doing a great job. Titled “Google’s Ideological Echo Chamber,” the anonymous memo sets out a well-intentioned goal: Find non-discriminatory ...

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World’s financial system still has too much risk

Intervening 10 years ago to contain the damage from the banking system’s excessive risk-taking in mortgage-backed securities, the European Central Bank initiated what has proven to be an exceptional and prolonged involvement in markets by central banks. Much has changed since then, yet too much remains the same. The risk of unsettling financial instability, while lower, has morphed and migrated ...

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Middle East bourses most exposed to foreign funds lag

DUBAI / Reuters Stock markets in the Middle East that are most exposed to foreign funds were the chief losers on Sunday, taking their cue from international bourses, where the mood was soured last week by growing tensions between the United States and North Korea. The worst performer in the region was Egypt’s blue-chip index, which dropped 1.4 percent as ...

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