The financial crisis and the bailouts that followed unleashed a wave of populist anger, targeting almost everyone with power, from Wall Street to government officials to “elites” more generally. Except in one sector: technology. Why has tech been spared the torches and pitchforks? Because everybody loves a winner. As the economy began to grow again in 2009, it had ...

  For centuries, a harsh climate and ice-choked seas dashed the dreams of sailors attempting to cross the Canadian Northwest Passage between Asia and Europe. Now, thanks to climate change and reduced ice cover, the trip isn’t nearly so daunting. Last weekend, the Crystal Serenity, a luxury cruise ship, carried a record thousand-plus passengers and crew through the passage. Next ...

  Slavyansk / AFP Russian President Vladimir Putin accused Syrian rebels on Saturday of using a fragile ceasefire to regroup, as diplomatic tensions between Moscow and Washington simmered over a lack of humanitarian aid access. Fresh shelling and clashes were reported overnight in some areas of the war-torn country, but the US-Russia brokered truce which took effect on Monday appeared ...

  Washington / AFP After years of fuelling conspiracy theories, Republican White House nominee Donald Trump admitted that President Barack Obama is an American as he tried to neutralize damaging charges of racism. But he also stepped up attacks against his Democratic rival Hillary Clinton, accusing her of initiating the doubts about Obama and later raising the specter of violence ...

  Porlamar / AFP The Non-Aligned Movement opens a summit on Saturday in Venezuela, seeking relevance in a post-Cold War world as the crisis-torn host country seeks to lessen its growing isolation. Leaders from the 120-nation group will gather for two days on the Caribbean island of Margarita, where Venezuela will take over the movement’s rotating presidency from Iran. Venezuela, ...

  Bloomberg IDBI Bank Ltd., the state-backed Indian lender, picked arrangers including Citigroup Inc., Credit Suisse Group AG and Deutsche Bank AG to manage a share sale of about 60 billion rupees ($896 million), people with knowledge of the matter said. The Mumbai-based bank also chose HSBC Holdings Plc, JPMorgan Chase & Co., SBI Capital Markets Ltd. and IDBI Capital ...

  Bloomberg National Bank of Canada seeks to generate at least 10 percent of profit from its international business by 2020, while looking to expand its stakes in Africa and Asia lenders into controlling positions, Chief Executive Officer Louis Vachon said. “We are looking to complement our Canadian growth — not substitute, but complement our Canadian growth — with a ...

  Bloomberg Banco Bilbao Vizcaya Argentaria SA is reducing its corporate and investment banking staff in the U.S. by about 10 percent as Spain’s second-biggest bank streamlines its business to focus on core clients. About 35 employees will leave the bank’s CIB business at BBVA’s offices in New York, Houston and Dallas, a spokesperson for the Bilbao, Spain-based bank said ...

  AFP US and European stock markets retreated, as banking shares led by Deutsche Bank slumped on news US authorities were hunting down Germany’s biggest lender over a record fine. Frankfurt’s DAX 30 was the hardest hit, closing down 1.5 percent, while the Paris CAC 40 shed nearly 1.0 percent from Thursday. London’s benchmark FTSE 100 index lost 0.3 percent, ...

  Bloomberg Investors in Europe’s biggest banks, frustrated with the problems of today, just got a reminder that the lenders still have to pay for the sins of the past. Shares in Credit Suisse Group AG, Royal Bank of Scotland Group Plc, Barclays Plc and UBS Group AG fell after Deutsche Bank AG disclosed that the US Department of Justice ...