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The three-day sell-off in US stocks, which has wiped nearly 2 percent off the value of the S&P 500 Index, is a timely reminder to investors that they need to temper a bias towards short-term optimism with the recognition of unusual uncertainties stemming from the global system. It also raises interesting questions as to the best tactical response to what ...

If you want to know how Alphabet Inc’s new Chief Executive Officer Sundar Pichai will run the company you don’t need to look very far — he’s essentially been doing it for several years already. Pichai, a 47-year-old engineer, grew up in India and immigrated to the US to attend graduate school. His resume reads like the typical Silicon Valley ...

Bloomberg Hyundai Motor Co will spend 20 trillion won ($17 billion) over the next six years on new technology to help make the switch to electric and autonomous vehicles. Announcing its strategic plan to 2025, the South Korean company pledged to spend almost half the new money on electrification. Autonomous driving will soak up 1.6 trillion won of the total, ...

Bloomberg LinkedIn’s senior executive in charge of human resources has resigned after breaking “compliance” rules, according to people familiar with the matter. Christina Hall left the Microsoft Corp-owned company because of an internal “compliance” issue, the people said, asking not to be identified because the details aren’t public. LinkedIn Chief Executive Officer Jeff Weiner announced the move to staff, they ...

Bloomberg Microsoft Corp shareholders voted against a proposal calling for the company to report more information on gaps in employee pay, ranked according to gender and race. Less than 30% of shares represented voted in favour of the measure at Microsoft’s annual meeting. Arjuna Capital, which praised progress the company has made, tabled a measure calling for it to give ...

Bloomberg Arpita Chaudhary, a newly recruited police constable in India’s western Gujarat state, became an overnight celebrity after posting a clip of her 15-second gambol — clad in her civvies — on the smash-hit social video app, TikTok. Then she paid the price. A snippet of her gyrating to a Bollywood song against the backdrop of a prison cell went ...

Bloomberg Goldman Sachs Group Inc could end up paying less than $2 billion to resolve US criminal and regulatory probes over its role in raising money for scandal-ridden Malaysian investment fund 1MDB, said three people familiar with the negotiations. The justice department and other federal agencies, in internal discussions held in recent weeks, have weighed seeking penalties between $1.5 billion ...

Bloomberg Deutsche Bank AG was given a small fine as a result of a case that led to a big raid on its headquarters a year ago. Frankfurt prosecutors completed their probe in a case of suspected money laundering and ordered the lender to pay 15 million euros ($16.6 million) for failing to flag suspicious transactions in time and lacking ...

Bloomberg The International Monetary Fund (IMF) said the Democratic Republic of Congo’s proposed $10.2 billion budget is “unrealistic,” amid slowing output from the country’s copper and cobalt mines. The government is seeking a budget of 16.9 trillion francs ($10.2 billion) next year, with revenue expected to climb 63% compared to this year. The IMF projects that Congo’s actual revenue this ...

Bloomberg Citigroup Inc’s private bank wants its clients to work on an attitude adjustment. Next year will be “brighter than many expect,” Citi Private Bank said in its 2020 outlook “Staying Positive in a Negative (Yielding) World”. It rejects the idea that a recession is imminent. “The point of view of many family clients I meet is one of a ...