July, 2016

• 31 July

  Chinese billionaire takes on murky charities in country

  

    Bloomberg Chinese billionaire Jack Ma wants to pry the lid off China’s opaque charities. Ant Financial, the affiliate of Alibaba Group Holding Ltd. he controls, is using the technology behind bitcoin to record transactions and improve the accountability of the country’s philanthropic organizations. The company began a tamper-proof ledger based on blockchain technology to record donations made by its ...

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• 31 July

  Spaniards chased away by crisis attempt return home

  

    Madrid / AFP Luis Lag is one of thousands of Spaniards who went abroad during the crisis. This “very good decision” allowed him to find a better job when he eventually came back. But many others who left their country in search of work are still unable to return home due to Spain’s sky-high unemployment. Before leaving in 2011, Lag ...

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• 31 July

  British retail tycoon hits back at MP’s ‘abuse’

    London / AFP The billionaire owner of the Topshop clothing chain on Saturday accused a leading British MP of running a “kangaroo court” after the tycoon was slammed over the collapse of department store chain BHS. Philip Green wrote a letter to Frank Field, saying that he had led a campaign against him culminating in the publishing of a report ...

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• 31 July

  Wireless carrierAmerica Movil falls to 7-year low as Mexico woes continue

  

    Bloomberg America Movil SAB, the Latin American wireless carrier controlled by billionaire Carlos Slim, sank to a seven-year low after reporting disappointing profit with its Mexican unit under siege from competitors and regulators. Earnings before interest, taxes, depreciation and amortization fell 11 percent from a year earlier to 61 billion pesos ($3.23 billion), the Mexico City-based company said Thursday ...

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• 31 July

  US tech billionaires lead 2016 gains to reshape wealth ranks

    Bloomberg Technology billionaires are making a run for the top of the global wealth rankings as surges for Facebook Inc., Amazon.com Inc. and Google parent Alphabet Inc. added $5.6 billion to their founders’ fortunes this week. Google co-founders Larry Page and Sergey Brin gained a combined $2.7 billion after the search engine’s ad business reported a growing user base ...

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• 31 July

  Uber can’t force arbitration over pricing antitrust claim

    Emirates Business Uber Technologies Inc. can’t require a Connecticut customer accusing the company of price-fixing to resolve the fight in arbitration, a federal judge ruled in one of several cases challenging the ride-hailing company’s efforts to steer disputes of all kinds away from public courtrooms. U.S. District Judge Jed Rakoff in Manhattan said Friday that Uber’s online user agreement ...

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• 31 July

  Tensions as tens of thousands rally for Erdogan in Germany

  

    Cologne / AFP Tens of thousands of supporters of Turkish President Recep Tayyip Erdogan rallied in the German city of Cologne on Sunday as tensions over Turkey’s failed coup put authorities on edge. Waving the Turkish flag and chanting “Turkey”, the demonstrators turned the rally site next to the River Rhine into a sea of red as they began ...

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• 31 July

  Turkey dismisses 1,400 troops

  

    Ankara / AFP Turkey’s government on Sunday dismissed nearly 1,400 military personnel, including a top aide to President Recep Tayyip Erdogan, in the latest round of a sweeping purge following a failed coup. The announcement in the official gazette came as Erdogan sought to tighten his grip over the country by bringing the armed forces and spy agency under his ...

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• 31 July

  Ankara mayor to US: Deliver Gulen to prove Washington not behind coup

  

    Ankara / AFP The United States must extradite Islamic preacher Fethullah Gulen to Turkey to remove any suspicion that Washington was involved in the failed July 15 coup, the mayor of Ankara Melih Gokcek said. Gokcek, mayor for over 22 years and one of the most senior figures in the ruling Justice and Development Party (AKP) of President Recep Tayyip ...

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• 31 July

  S Sudan war criminals to face justice: US

  

    Washington / AFP Washington has warned that those who perpetrate atrocities in South Sudan’s civil war will be held responsible for their crimes. The United States served as a midwife in the creation of the South Sudan, formed in July 2011 by partitioning Sudan. But South Sudan descended into war in December 2013, and a peace deal signed last year ...

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