Black Enterprise - Money

Everything You Need to Know About t...

Everything You Need to Know About the Republican Tax Plan

For small business owners formed as corporations, the Republican tax plan will provide a huge…
The American Dream? One In Five Bla...

The American Dream? One In Five Blacks Says Fuhgeddaboudit

white man, black man, race, struggleLess than 20% of blacks feel they've achieved the American dream and just as many…
The 10 Most Dangerous Neighborhoods...

The 10 Most Dangerous Neighborhoods in America [2017]

Here are the 10 most dangerous neighborhoods based on NeighborhoodScout?s most recent data analytics (from…
Study: 11 Percent of African Americ...

Study: 11 Percent of African Americans Hope Lottery Wins Will Pay for Kids? College

Almost 11 percent of those surveyed about financing an education, cited winning the lottery as…
Baltimore May Sell Homes for $1 to ...

Baltimore May Sell Homes for $1 to Revive Neglected Neighborhoods

Council members and local community advocates are pushing for a government program that would sell…
The Road to $1.5 Trillion in Black ...

The Road to $1.5 Trillion in Black Buying Power and Dispelling a Common Myth

Black buying power is projected to hit $1.5 trillion by 2021, but can Black America…

Nassau Guardian

IMF projects 1.75% growth in 2017, ...

IMF projects 1.75% growth in 2017, 2.5% in 2018

The Executive Board of the International Monetary Fund (IMF) projected in its Article IV consultation with The Bahamas that this country's real GDP (gross domestic product) growth will pick up to 1.75 percent in 2017 and to 2.5 percent in 2018, driven in part by a strong U.S. economy, the phased opening of Baha Mar and related construction activity.

The IMF added that post-hurricane reconstruction following Hurricane Matthew last year and an uptick in foreign direct investment-financed projects, should also support The Bahamas' economic recovery. "However, medium-term growth would remain low, reflecting significant structural bottlenecks," the IMF executive board's opinion stated.

"Economic activity remained weak in 2016. Hurricane Matthew, which hit The Bahamas in October last year, significantly impacted tourism activity in 2016 and early 2017. However, completion of the mega-resort, Baha Mar, and post-hurricane reconstruction activity provided a boost to job creation, with the unemployment rate declining to 9.9 percent in May 2017 (down from 11.6 percent in November 2016).

"The opening of Baha Mar in April increased employment further by creating 2,000 new jobs in the three months to July. Inflation remains low and stable.

"Executive directors welcomed the expected pick-up in near?term growth, driven by a stronger U.S. economy and the phased opening of Baha Mar.

"However, they noted that the economy continues to face significant challenges, including from structural bottlenecks and rising public debt."

The IMF directors, however, were receptive to the government's promise of, and strong commitment to, fiscal discipline.

"Continued strong fiscal consolidation and monetary and financial sector policies, as well as deeper structural reforms are necessary to generate stronger growth, improve competitiveness, tackle unemployment and enhance resilience to natural disasters," the directors' consultation statement said.

The IMF, in the statement, "expressed solidarity" with The Bahamas and other countries that are grappling with the impacts of Hurricane Irma.

The IMF also warned against the Bank of The Bahamas (BOB) debacle getting out of hand. The IMF underscored that "finding a permanent solution for Bank of The Bahamas is necessary to reduce fiscal contingencies".

The bank recently shed some bad loans from its portfolio in an effort to improve its position on paper. The bank sold $166 million of toxic loans to a special purpose vehicle that will attempt to liquidate the assets.

Meantime, IMF directors "called for a faster resolution of nonperforming loans to strengthen financial stability and support economic recovery".

Building code one of the most ?stru...

Building code one of the most ?structurally sound and robust? in region, says Sands

President of the Bahamian Contractors? Association (BCA) Leonard Sands asserted that The Bahamas? building code is one of the most ?structurally sound and robust? codes in the Caribbean.

His comments came after Prime Minister Dr. Hubert Minnis asked Minister of Public Works Desmond Bannister to fully review The Bahamas? building code, lamenting that many homes as well as government buildings have not been built to code.

Minnis, in the wake of widespread destruction by Hurricane Irma in the southern Bahamas, has decided to tighten the country?s building code if need be, in order to ensure buildings will be able to withstand the destructive forces of Category 5 hurricanes.

Speaking with Guardian Business recently, Sands insisted that the country?s building code is ?rigid? and also set the standard for construction in other countries.

?It is no secret that after Hurricane Andrew, what happened in Miami-Dade County and other counties in Florida is they looked at The Bahamas? building code and adopted much of their residential and commercial wind load impact on what we already had in place,? he said.

However, Sands did acknowledge that the building code has room for improvement.

?The way that it could be improved is in the dynamics of how we use planning to direct not only our homeowners, but persons who have buildings,? he explained.

?For what is going to be built, I have full confidence in the structure and integrity of The Bahamas? building code, and engineers in this country (local/foreign) would agree we have a very fine building code to withstand hurricanes.

?I think, rather, the challenge we have is? how well thought-out the approach is to properly police and enforce the building code standards.

?You have to imagine, we are a centralized country; all of our resources really are in New Providence.

?It is almost impossible, without an army of inspectors or a regimented strict program, to ensure that every structure that is built adheres to this robust and firm building code.?

Sands agreed that Family Islands ?absolutely? do not get as much attention as New Providence or Grand Bahama in terms of inspecting adherence to the building code.

IMF recommends lower wage bill, sel...

IMF recommends lower wage bill, self-sustaining public corporations

The International Monetary Fund (IMF) Executive Board, in its consultation with The Bahamas, recommended the country, as a top priority, restore fiscal sustainability by cutting current expenditures. The government's wage bill was a top focus for the organization, as well as making public corporations self-sustaining, which has been a continuing issue for the government of The Bahamas.

The IMF, in a summary paper released last week, lauded the government's move to tighten up on government spending and waste. In its latest executive board paper, the IMF encouraged the government to ?adhere to their fiscal consolidation plan to reduce the public debt burden and strengthen external buffers".

It also underscored that ?reforming the National Insurance Board and the civil servants? pension system should support fiscal adjustment and reduce long?term fiscal risks?.

The statement added, "Directors commended the authorities? efforts to strengthen fiscal revenues."

The IMF continued with its suggestion that The Bahamas introduce a low rate income tax over the medium?term. The organization insists this would "help make the system more progressive and protect the needed infrastructure and social spending".

However, Minister of Finance and Deputy Prime Minister Peter Turnquest said the government had no plan to introduce a new tax in The Bahamas, but would look at the IMF's suggestion. He said the government was under no obligation to adhere to the IMF?s suggestions.

IMF directors cautioned the government against introducing exemptions from value-added tax (VAT) and "instead recommended taking advantage of the planned expenditure review to create space for better targeted tools to protect vulnerable households".

Since coming to power in May, the government has taken a strong stance for the improved collection of taxes with a focus on efficiency and reform. It is likely the government will continue to place its focus on VAT collection.

"Directors noted that adopting a fiscal rule, as part of a medium?term fiscal framework, should enhance fiscal discipline," the IMF Executive Board stated.

"To further strengthen fiscal and economic resilience, directors also recommended integrating into the fiscal framework a well?designed savings arrangement as an additional buffer against recurring natural disaster shocks."

Moree: Need to rationalize current...

Moree: Need to rationalize current tax regime before new tax

Senior Partner at McKinney Bancroft & Hughes Brian Moree indicated that there is still a lot of work to be done with The Bahamas? current tax regime before considering a new tax such as an income tax.

Moree?s comments were in response to the International Monetary Fund?s (IMF) suggestion that The Bahamas implement a low rate income tax in an effort to ?strengthen revenue?. The IMF suggested that The Bahamas implement the system while reducing import duties.

Speaking with Guardian Business yesterday, Moree said he thinks it would be ?premature? for the government to contemplate the introduction of a new major tax ?on the backs of the Bahamian people?.

Moree pointed out that value-added tax (VAT) was introduced in 2015, and there is still a significant regime of import duties and other indirect methods of taxation, such as business license tax.

?Before we introduce any new form of tax, it seems to me that we need to rationalize the current tax regime in The Bahamas,? he explained.

?We need to avoid duplication, and we need to ensure that the burden of taxation is not so great as to drive people out of The Bahamas or make it extremely difficult for business to survive.

?I think a major part of any review of our tax structure does have to include looking at a greater reference to existing collection of taxes and introducing creating transparency in terms of how our tax dollars are spent and where our tax dollars are going.

?If you are going to ask Bahamians to pay more taxes, then you are going to have to deliver services, and you have to deliver them in a more efficient way, and you have to be more transparent about how the tax dollars are being used.

?I think there is a long way to go before we start looking at introducing new forms of taxation, whether it be an income tax or any form of tax.?

Moree also insisted that a careful study should be given to the competitive advantages that The Bahamas has to offer as a financial jurisdiction.

?We don?t have three kinds of taxation which exist in many other countries, and those three are income tax, capital gains tax and inheritance tax,? he continued.

?As we try to expand and develop our financial services industry and we try to bring FDI (foreign direct investment) into our country, the government will have to be very confident that by substantially revamping the tax landscape and doing something as major as income tax, that it would not compromise our business model as a jurisdiction and thereby diminish the major competitive advantage in what is a very competitive marketplace.?

BTC launches national text-to-donat...

BTC launches national text-to-donate campaign

Bahamas Telecommunications Company (BTC) will launch a national text-to-donate campaign drive, allowing all Bahamians to participate in fundraising efforts to assist those most affected by Hurricane Irma.

The campaign, themed ?Each One, Reach One?, will allow customers to make a donation to the relief efforts. The process is simple, and customers can give $1.00 by texting the word ?DONATE? to the number ?5115?. Customers can donate as many times as they wish.

Proceeds will go to the National Emergency Management Agency (NEMA). Interim CEO Dexter Cartwright said, ?BTC is known to be a big brother in the community, and we are always willing to help wherever we can. Starting tomorrow, our entire customer base will be able to make a donation to assist those in need. BTC will match every dollar donated and all proceeds will go to NEMA to assist our fellow Bahamians most impacted by Hurricane Irma.?

In BTC?s last text-to-donate drive in 2015, the public contributed nearly $10,000. In turn, BTC, along with its partners, tripled the amount, donating $30,000 to disaster recovery efforts following Hurricane Joaquin. In addition to this initiative, BTC is also working with community partners throughout the country to organize other relief efforts and initiatives.

The Each One Reach One donation drive will end on September 30.

 

IMF: Commercial banks capitalized, ...

IMF: Commercial banks capitalized, still reluctant to lend

Commercial banks in The Bahamas are ?reluctant? to lend, given The Bahamas? low growth environment, despite those banks being well capitalized, the International Monetary Fund (IMF) pointed out Wednesday.

In its ?Staff Concluding Statement of the 2017 Article IV Mission?, the IMF states that The Bahamas has struggled with a stagnant economy since 2012.

However, under these conditions, commercial banks are still able to remain liquid. But with no economic growth, banks have tightened their lending policies.

?As of March 2017, the average capital adequacy ratio stood at 27.8 percent, well above the regulatory requirement of 17 percent, and liquid assets represented 25.6 percent of total assets,? said the IMF.

?Non performing loans (NPLs) declined to 11.1 percent of total private sector loans, down from 14.2 percent in 2015, due mainly to a large disposal of distressed mortgage debt by one institution.

?However, Bank of The Bahamas, a majority state-owned commercial bank, continued to face losses, triggering a new recapitalization by the government in late 2016.

?Despite ample capital and liquidity for the sector as a whole, the stock of commercial bank credit to the private sector has remained flat.

?The loss of correspondent banking relationships (CBR) has not resulted in major disruptions so far.?

IMF noted that strong compliance with anti-money laundering and combating the financing of terrorism (AML/CFT) and tax transparency standards ?should help stem the withdrawal of CBR?.

?It is critical to work closely with the Caribbean Financial Action Task Force (CFATF) and the Financial Action Task Force (FATF) to swiftly address the deficiencies in the AML/CFT regime identified in the recent Mutual Evaluation Report (MER),? the IMF added.

?Heightened global focus on tax transparency also calls for efforts to promptly comply with international standards (such as the OECD?s Common Reporting Standard).?

The IMF also asserted the need for banks to ?step-up? loan restructuring efforts in an effort to improve financial stability and ?support economic recovery?.

?An intensification of the restructuring of distressed mortgage debt, including through increased enrollment in the government?s mortgage relief program, should free up additional balance sheet space to support the economic recovery,? the IMF explained.

?Restructuring Bank of The Bahamas is necessary to strengthen its profitability, enhance financial stability and reduce fiscal contingencies.?

Afribiz

There are no news from this channel.

NY Times

When Unpaid Student Loan Bills Mean...

When Unpaid Student Loan Bills Mean You Can No Longer Work

Twenty states suspend people?s professional or driver?s licenses if they fall behind on loan payments, according to records obtained by The New York Times.
A Hedge Fund Manager Committed Frau...

A Hedge Fund Manager Committed Fraud. Would the U.S. Let Him Go?

Philip Baker admitted that he defrauded his hedge-fund clients. He was sentenced to 20 years in federal prison. Then he devised an escape plan.
In China, an Education in Dating

In China, an Education in Dating

A new type of coach teaches courtship in a country where the one-child policy left a deficit of women and where flirting remains relatively new.
Retailers Experiment With a New Phi...

Retailers Experiment With a New Philosophy: Smaller Is Better

Department stores and other retailers struggling to beat back e-commerce are taking cues from online start-ups by experimenting with small showrooms.
Jet Pilot Might Not Seem Like a ?Gi...

Jet Pilot Might Not Seem Like a ?Gig,? but at Ryanair, It Is

The biggest European budget airline employs many of its pilots as contract workers ? many of whom are pushing back after a recent flight cancellation episode erupted into a clash.
Apple Postpones Release of HomePod ...

Apple Postpones Release of HomePod Speaker

Apple had said its HomePod speaker, a response to Amazon?s Echo, would debut this year. Now it won?t be released till early next year.

Trinidad Guardian

There are no news from this channel.

IMF

Structural Forces Weigh on Future U...

Structural Forces Weigh on Future U.S. Growth

While the U.S. economy is doing well, continued solid growth hinges on addressing long-term issues of falling labor force participation, weak productivity, rising income polarization, and high poverty rates, the IMF said in its annual review on the state of the U.S. economy.
Euro Area At The Crossroads: No Tim...

Euro Area At The Crossroads: No Time For Complacency

Recovery in the euro area has strengthened, but the medium-term outlook remains weak and is endangered by lack of collective action, says the IMF in its latest review of the currency union.
South Africa: Latest Outlook Shows ...

South Africa: Latest Outlook Shows Urgent Need for Policy Reforms

South Africa faces significant challenges and needs decisive action to revive growth, the IMF said in its latest annual assessment of the country?s economy.
Poland: Strong Institutions a Must ...

Poland: Strong Institutions a Must For Steady Growth

Poland has been growing steadily over the past years. However, some policies of the new government have dented investor sentiment and could slow down growth, according to the IMF.
Globally Important German Financial...

Globally Important German Financial System is Resilient

The financial system of Germany, home to systemically important financial institutions, has been bolstered by EU-wide and global reforms in the financial sector. At the same time, low interest rates and the ongoing transition to new supervisory and resolution mechanisms may pose risks, according to the IMF.
A Blueprint for Portugal?s Future G...

A Blueprint for Portugal?s Future Growth

Portugal has bounced back from the global economic crisis, but to keep up momentum it will need to carry out additional reforms aimed at boosting growth, generating jobs, and improving competitiveness, according to a new IMF publication on the country?s economy.

Black America Web - Business

The things they saved, 10 years aft...

The things they saved, 10 years after the Virginia Tech shooting

In the decade that has passed since 32 people were fatally shot at Virginia Tech, much has changed for those who were on campus that day or were pulled there by the bloodshed. But the emotional keepsakes from that April morning remain to serve as reminders of sorrow, generosity and heroism.
People across the U.S. demanded to ...

People across the U.S. demanded to see Trump?s tax returns. A day later, he wants to know why.

?I did what was an almost an impossible thing to do for a Republican ? easily won the Electoral College! Now Tax Returns are brought up again?? the president tweeted. He also called for someone to ?look into? the rally organizers: ?The election is over!?
After Trump solicits advice, busine...

After Trump solicits advice, businesses target EPA, Labor Dept. regulations

The president invited American manufacturers to recommend ways the government could cut regulations and make it easier for companies to get their projects approved. Industry leaders responded with scores of suggestions to remove more than 150 regulations that paint the clearest picture yet of the dramatic series of steps that Trump officials are likely to take in overhauling federal policies.
Turkey leader declares victory in v...

Turkey leader declares victory in vote to expand his powers, but results are contested

If the referendum vote stands, President Recep Tayyip Erdogan would gain vast new authority as the unrivaled head of state. Opposition parties quickly demanded recounts of hundreds of thousands of ballots.
As tensions with North Korea flare,...

As tensions with North Korea flare, Trump spends a quiet weekend at Mar-a-Lago

The president was uncharacteristically quiet after North Korea?s latest failed missile launch, leaving it to his team of deputies, as well as Vice President Pence to articulate the administration?s policy toward the totalitarian regime.
Aide: Pence will discuss ?belligere...

Aide: Pence will discuss ?belligerency of North Korea? at every stop of Asia tour

BBC

Hammond: Driverless cars will be on...

Hammond: Driverless cars will be on UK roads by 2021

The chancellor says the country must embrace new technologies in order to succeed.
Budget 2017: Plans to build 300,000...

Budget 2017: Plans to build 300,000 homes a year

The chancellor says he understands the difficulties young people have in saving for a deposit.
Budget 2017: Double Budget effect o...

Budget 2017: Double Budget effect on your finances

Here is what we already know about changes to your finances ahead of a second Budget of the year.
Chancellor Philip Hammond's 'no une...

Chancellor Philip Hammond's 'no unemployed' remark attacked

The chancellor made the comment as he played down the threat posed to jobs by new technology.
Budget 2017: Tax on takeaway boxes ...

Budget 2017: Tax on takeaway boxes to be considered

The chancellor is expected to announce plans to examine the idea in Wednesday's Budget.
Budget 2017: Chancellor Philip Hamm...

Budget 2017: Chancellor Philip Hammond 'to target housing and NHS'

Philip Hammond will use the Budget to "attack problems" that lost the Tories votes, a former minister tells Newsnight.

Diversity Inc.

Rev. Jesse Jackson Announces His Ba...

Rev. Jesse Jackson Announces His Battle with Parkinson?s Disease

?It?s an opportunity for me to use my voice to help in finding a cure for the disease,? Jackson said in a statement.

The post Rev. Jesse Jackson Announces His Battle with Parkinson?s Disease appeared first on DiversityInc.

Homeland Security Official Who Said...

Homeland Security Official Who Said Blacks are Lazy, Sexually Promiscuous Drug Users Resigns

Rev. Jamie Johnson, head of a faith-based division of the DHS, had been in the position since April.

The post Homeland Security Official Who Said Blacks are Lazy, Sexually Promiscuous Drug Users Resigns appeared first on DiversityInc.

Police Shoot Unarmed Black Man for ...

Police Shoot Unarmed Black Man for ?Breaking Into? His Own Car

A charge for evading arrest may be revisited, according to police.

The post Police Shoot Unarmed Black Man for ?Breaking Into? His Own Car appeared first on DiversityInc.

Alabama Republican Party Stands by ...

Alabama Republican Party Stands by Moore

In the past week, multiple women have accused Moore of sexual improprieties or unwanted romantic advances they said occurred when they were teenagers.

The post Alabama Republican Party Stands by Moore appeared first on DiversityInc.

Momentum Builds for Disclaimers on ...

Momentum Builds for Disclaimers on Internet Election Ads

Facebook, Google and Twitter have been at the center of a political firestorm after allegations that people in Russian used their services to spread divisive political messages.

The post Momentum Builds for Disclaimers on Internet Election Ads appeared first on DiversityInc.

Towns, Cities Fear Taxpayer Revolt ...

Towns, Cities Fear Taxpayer Revolt if Republicans Kill Deduction

Local government leaders worry that if Republican tax-overhaul plans moving through the U.S. Congress become law, it will be harder for them to pave streets, put out fires, fight crime and pay teachers.

The post Towns, Cities Fear Taxpayer Revolt if Republicans Kill Deduction appeared first on DiversityInc.

Trinidad Express

There are no news from this channel.

Reuters - Economy

There are no news from this channel.

Jamaica Observer

There are no news from this channel.

Black Enterprise - Small Business

45 Great Moments in Black Business ...

45 Great Moments in Black Business ? No. 23: America?s First Black Billionaire Buys NBA Franchise

Robert L. Johnson And Dr. DeForest B. Soaries, Jr. Announce Alliance To End Payday Lending, Lower Minority Consumer Debt, And Promote Financial EducationBillionaire Bob Johnson makes another slam dunk in black business history by breaking the ownership…
How to Run a Business With Your Spo...

How to Run a Business With Your Spouse Without Ruining the Relationship

If you?re considering starting a business with your spouse, you might want to discuss a…
Successful Doula on Why Starting a ...

Successful Doula on Why Starting a Business Is Like Giving Birth

As a doula, she seeks to help all women make the process progressive, beautiful and…
Seven Secrets to Winning Big Govern...

Seven Secrets to Winning Big Government Contracts for Small Business Owners

Strativia CEO, Kenneth Kelly, candidly shares insights and tips on how to prepare and position…
#FridayReads: ?Soar!? By T.D. Jakes...

#FridayReads: ?Soar!? By T.D. Jakes Tells You How to Take Flight as an Entrepreneur

With Soar!, Jakes teaches a master course on the risks and rewards of the entrepreneurial…
Baltimore Entrepreneur Creates Co-W...

Baltimore Entrepreneur Creates Co-Working Space for Beauty Industry Pros

Entrepreneur Wilson Nolley, Jr. had a mission: To help beauty industry professionals prosper. So he…

NY Times - Small Business

Future Tense: Amazon Key Is a Lot L...

Future Tense: Amazon Key Is a Lot Less Scary Than My Post-1-Click Remorse

The ghosts of the sneakers I didn?t buy are following me around the World Wide Web! An in-store purchase is more satisfying, studies confirm.

Black Enterprise - Career

Change Your Career Now With These F...

Change Your Career Now With These Four Essential Strategies

The number one thing to remember is a career change doesn't happen overnight. Here are…
Google Just Made Your Job Search Ea...

Google Just Made Your Job Search Easier

Finding a new job can feel like a long and daunting process. Google, however, is…
Six Traits All CEOs Should Have

Six Traits All CEOs Should Have

You want to build your personal brand within the company and make productive, significant changes.…
Reigniting Your Passion With This F...

Reigniting Your Passion With This Faith-Based Conference for Millennials

Cassondra LenoirPassion is Pursuit Conference is an entertainment and media conference for entrepreneurial millennials of faith.…
[OPINION]: This Male Millennial Wan...

[OPINION]: This Male Millennial Wants You To Know: Women Harass Men, Too

Having been subject to harassment and now witnessing the barrage of sexual harassment and abuse…
BET Show, ?The Quad,? Will Train 8...

BET Show, ?The Quad,? Will Train 8 HBCU Students in TV Production

"We consider it an honor to help prepare the next generation of content creators by…

NY Times

When Unpaid Student Loan Bills Mean...

When Unpaid Student Loan Bills Mean You Can No Longer Work

Twenty states suspend people?s professional or driver?s licenses if they fall behind on loan payments, according to records obtained by The New York Times.
A Hedge Fund Manager Committed Frau...

A Hedge Fund Manager Committed Fraud. Would the U.S. Let Him Go?

Philip Baker admitted that he defrauded his hedge-fund clients. He was sentenced to 20 years in federal prison. Then he devised an escape plan.
In China, an Education in Dating

In China, an Education in Dating

A new type of coach teaches courtship in a country where the one-child policy left a deficit of women and where flirting remains relatively new.
Retailers Experiment With a New Phi...

Retailers Experiment With a New Philosophy: Smaller Is Better

Department stores and other retailers struggling to beat back e-commerce are taking cues from online start-ups by experimenting with small showrooms.
Jet Pilot Might Not Seem Like a ?Gi...

Jet Pilot Might Not Seem Like a ?Gig,? but at Ryanair, It Is

The biggest European budget airline employs many of its pilots as contract workers ? many of whom are pushing back after a recent flight cancellation episode erupted into a clash.
Apple Postpones Release of HomePod ...

Apple Postpones Release of HomePod Speaker

Apple had said its HomePod speaker, a response to Amazon?s Echo, would debut this year. Now it won?t be released till early next year.

BBC - Video

Philip Hammond says there are 'no u...

Philip Hammond says there are 'no unemployed people'

The chancellor insists the 1.4m unemployed in the UK have not been forgotten as he clarifies his remark.
'Why I'm giving my wealth away'

'Why I'm giving my wealth away'

EasyJet founder Sir Stelios Haji-Ioannou discusses why he's started an award for disabled entrepreneurs in the UK.
The man helping turn young lives ar...

The man helping turn young lives around

Despite leaving school with no GCSEs, Louchavan Lemard has been named Black Business Man of 2017.
'My mum's our restaurant's head che...

'My mum's our restaurant's head chef'

Munaf Kapadia found a unique way to tear his mother away from the television - by making her his head chef in his pop-up restaurant business.
Baidu's voice-controlled smart spea...

Baidu's voice-controlled smart speaker and other news

BBC Click's Nick Kwek looks at some of the best of the week's technology news stories.
'There's a huge potential for video...

'There's a huge potential for video games in Africa'

With the fastest growing mobile phone market in the world, sub-Saharan Africa is a target market for the video games industry.

CNN

NFL: Jerry Jones is hurting the lea...

NFL: Jerry Jones is hurting the league

NFL owners are accusing Jerry Jones of "damaging the league" with his continued threats to sue over Commissioner Roger Goodell's contract extension, according to a letter.
U.S. panel accuses Chinese journali...

U.S. panel accuses Chinese journalists of spying

A new report by a U.S. government panel has called for staff members of Chinese state-run media groups in the U.S. to be made to register as foreign agents.
Mnuchin's wife poses with a sheet o...

Mnuchin's wife poses with a sheet of money

Read full story for latest details.
Roy Moore writes open letter to Sea...

Roy Moore writes open letter to Sean Hannity

U.S. Senate candidate Roy Moore published an open letter to Sean Hannity on Wednesday night pushing back against allegations of sexual abuse.
Twitter removes verifications on so...

Twitter removes verifications on some users

Some controversial figures are losing their blue check mark.
Putin extends lifeline to cash-stra...

Putin extends lifeline to cash-strapped Venezuela

Russia agreed to restructure $3.15 billion of debt that Venezuela owes it. It's the latest sign that President Vladimir Putin is Venezuela's last resort for a bailout as the South American nation dives deep into crisis.

Reuters

Battered GE shares lure some buyers...

Battered GE shares lure some buyers but worst may not be over

NEW YORK (Reuters) - General Electric Co shares stabilized after a brutal slide last week sent the stock near six-year lows, but the worst may not be over.
Airbus faces tricky hurdles over st...

Airbus faces tricky hurdles over stalled A380 Emirates deal

DUBAI (Reuters) - A preliminary deal to sell 36 A380s to Emirates blew up in an Airbus hospitality chalet moments before the Gulf carrier was expected to shower $30 billion on the planemaker and its U.S. rival Boeing at the start of last week's Dubai Airshow.
'No fireworks' at NAFTA talks, but ...

'No fireworks' at NAFTA talks, but few signs of progress

MEXICO CITY (Reuters) - Negotiations in Mexico to update NAFTA have not made much progress on tough U.S. demands that could sink the 1994 trade pact, but the current round of talks are progressing with civility, some participants said on Saturday.
Volkswagen to invest $27 billion in...

Volkswagen to invest $27 billion in core brand until 2022

FRANKFURT (Reuters) - Volkswagen will invest 22.8 billion euros ($26.9 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending program aimed at bolstering its position as a maker of electric cars.
Exclusive: Qualcomm set to win cond...

Exclusive: Qualcomm set to win conditional Japanese antitrust okay for NXP deal - source

BRUSSELS (Reuters) - U.S. smartphone chipmaker Qualcomm is set to win ?imminent? Japanese antitrust clearance for its $38-billion bid for NXP Semiconductors and gain Europe?s approval by the end of the year with slight tweaks to its concessions, a person familiar with the matter said.
Buyers circle suddenly attractive U...

Buyers circle suddenly attractive U.S. media companies

WASHINGTON (Reuters) - All of a sudden, it seems, everybody wants to own a U.S. media company.

NY Times - Economy

Myths of the 1 Percent: What Puts P...

Myths of the 1 Percent: What Puts People at the Top

Dispelling misconceptions about what?s driving income inequality in the U.S.
The House and Senate Still Have Ver...

The House and Senate Still Have Very Different Tax Bills. Here?s How They Compare.

The House tax bill, which passed on Thursday, is different in some significant ways from the Senate bill, which must still be voted on.
Who?d Gain From an Estate Tax Rollb...

Who?d Gain From an Estate Tax Rollback: The 0.2 Percenters

Scarcely 5,000 estates a year fall under the tax, but those seeking to reduce or eliminate it have outsize influence.
Middle-Class Families Confront Soar...

Middle-Class Families Confront Soaring Health Insurance Costs

In Virginia, premiums on policies sold under the Affordable Care Act are pushing health coverage out of reach, and customers see political forces at work.
Tax Bill Thrown Into Uncertainty as...

Tax Bill Thrown Into Uncertainty as First G.O.P. Senator Comes Out Against It

Senator Ron Johnson of Wisconsin said he opposed both the House and Senate tax plans as written, posing a new obstacle to Republican leaders eager to overhaul the tax code.
Japan Extends Economic Growth Strea...

Japan Extends Economic Growth Streak

The country?s businesses have benefited from stimulus measures and rising global demand, as output expanded for a seventh consecutive three-month period.

Wall Stree Journal

GE Housecleaning Will Alter Board's...

GE Housecleaning Will Alter Board's Makeup

A housecleaning at GE?s board will remove many long-term associates of former Chief Jeff Immelt and aims to create a board that is more closely aligned with CEO John Flannery?s strategy to streamline the industrial giant.
Tesla Plays the Long Game With Semi...

Tesla Plays the Long Game With Semi Truck

Elon Musk is taking on the commercial truck market with an approach that defies conventional expectations: all-electric vehicle capable of traveling for hundreds of miles on a single charge.
Outcome Health Offers Voluntary Buy...

Outcome Health Offers Voluntary Buyouts to Employees

Outcome Health, a Chicago startup, offered voluntary buyouts to employees, and Harvard Health Publishing and the American Medical Association put their partnerships with the company on pause.
Big Oil and Auto Makers Throw a Lif...

Big Oil and Auto Makers Throw a Lifeline to the Combustion Engine

Oil companies and the auto industry are teaming up to preserve the internal combustion engine, as tough regulation and electric vehicles put the car industry?s century-old technology at risk.
An Apparent Suicide and Alleged Wit...

An Apparent Suicide and Alleged Witness Intimidation, as Soccer Goes on Trial

Companies across the globe have been accused of taking bribes, and a former lawyer apparently took his own life, as a case alleging corruption in high-stakes soccer gets under way in Brooklyn.
GOP Steams Ahead With Tax Overhaul

GOP Steams Ahead With Tax Overhaul

Republicans are powering tax overhaul plans through Congress with remarkable speed, having departed town for a Thanksgiving recess Friday after important victories in the Senate and House.

NY Times - Money

Your Money: He Thought He?d Be Your...

Your Money: He Thought He?d Be Your Rabbi. Now, He?ll Get You a Mortgage.

After rabbinical school, David Frankel was drawn to a very different profession. Second in a series on the intersection of religion and finance.
Before You Pay for Financial Advice...

Before You Pay for Financial Advice, Read This Guide

Many people turn to financial advisers when they want to ease anxieties about a big money question. Here?s what to ask yourself when choosing a pro.
Retiring: When Mom and Pop Can?t Se...

Retiring: When Mom and Pop Can?t Sell the Farm (or in This Case, the Theme Park)

Larry and Helene Donley want the Wild West Town they built to survive them, but their sons and grandchildren are ready to move on. What to do?
Wealth Matters: Your Child?s Tuitio...

Wealth Matters: Your Child?s Tuition Is Paid While You?re in Tahiti

Family office administrative services help the wealthy globe-trot without having to worry about household management.
Your Money Adviser: Consumer Groups...

Your Money Adviser: Consumer Groups Take Aim at Navient for Phone Harassment

Six advocacy groups are asking the F.C.C. to address complaints of endless robocalls from Navient, the student loan servicer.
Connecticut Bill Would Force Fee Di...

Connecticut Bill Would Force Fee Disclosures for Teacher Retirement Plans

Providers of 403(b) plans would have to tell customers annually about how much they were paying for their retirement investments.
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