Bank at the center of US inquiry projects Russian ‘soft power’

  Grigory Dukor | Reuters Sergei Gorkov, Chairman of State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)”, speaks with participants during the St. Petersburg International Economic Forum (SPIEF), Russia, June 2, 2017. It has offices in a sleek Manhattan skyscraper. Its bonds are accessible to millions of American investors. And it holds ties to some of New York’s biggest banks. Despite this presence on Wall Street, detailed in previously unreported financial records, Vnesheconombank, or VEB, is no normal bank. It is wholly owned by the Russian state. It…

Read More

US financial technology firm Redline to create 20 new jobs in Belfast

N AMERICAN financial technology company has chosen Belfast as the location for a new global support centre, set to create up to 20 jobs. Redline Trading Solutions, a niche global provider of Fintech services is the latest high profile addition to the burgeoning sector, with Belfast now recognised as the number one destination globally for financial technology R&D investments. Redline, who have headquarters in Boston and offices in New York, London, Hong Kong, chose Belfast over other locations in Britain, Republic of Ireland and Asia for the support centre, which…

Read More

Uber’s Bid to Move Waymo Case to Arbitration Rejected by US Judge

A US judge on Thursday rejected Uber’s bid to send its high-profile trade secret dispute with Alphabet’s self-driving Waymo unit to a private legal forum, a setback for the ride services company. US District Judge William Alsup in San Francisco also partially granted Waymo’s bid for an injunction against Uber over its self-driving car program. However, Alsup filed his injunction opinion temporarily under seal, meaning its scope and details could not immediately be learned. The acrimonious trade secrets battle between Silicon Valley’s two tech rivals has serious strategic and financial…

Read More

Syria war: US disappointed at Russia’s Syria stance

The US is “disappointed but not surprised” at Russia’s response to its strikes on a Syrian air base suspected of storing chemical weapons. At least six people are reported to have been killed in the US missile strikes early on Friday. Syria’s ally Russia accused the US of encouraging “terrorists” with its unilateral actions. “I’m disappointed in that response,” said US Secretary of State Rex Tillerson. “It indicates their continued support for the Assad regime and, in particular, their continued support for a regime that carries out these type of…

Read More

US PE firm invests £120m in UK student housing

The deal, Starwood’s first in the UK, totals 1,595 beds in England and Scotland, adding to the 6,855 student beds under Starwood management in the US. “We look forward to building on this transaction to establish a sizeable student housing platform in the UK” The “six modern, purpose-built, premium student accommodation assets” are in The Haymarket in Edinburgh, Chestnut House in Cambridge, The Walls in Southampton, St James House in Glasgow and Union Square and Stepney Yard, both in Newcastle. The ‘forward funded’ Newcastle development is slated be ready for the 2018/19 academic…

Read More

US Congress fights ticket-grabbing bots

Congress has passed legislation to US President Barack Obama that would crack down on bots that buy batches of tickets online before humans. Such software sometimes means that concert and theatre tickets sell out in minutes. Using these programs is an “unfair and deceptive practice”, the legislation says. It was approved by the House of Representatives on Wednesday and passed by the Senate last month. Should the president sign the legislation into law, the Federal Trade Commission (FTC) would be able to crack down on those who use such programs….

Read More

US election 2016: Trump overhauls campaign team again

Republican presidential candidate Donald Trump has overhauled his election campaign team for the second time in two months, bringing in a new manager and CEO. Pollster Kellyanne Conway becomes campaign manager and Stephen Bannon of Breitbart News the CEO. Paul Manafort remains as campaign chairman. Mr Trump told AP the new leaders were “terrific people… they’re champs”. Mr Trump has seen his poll ratings slip since the party conventions last month. He trails Democratic Party candidate Hillary Clinton both nationally and in key battleground states. ‘I don’t want to change’…

Read More

US opens research into Tesla after fatal crash

US authorities are investigating the first loss of life potentially caused by self-driving generation. The driving force of a Tesla car died in Florida in Might also after colliding with a lorry. Beneath scrutiny is Tesla’s Autopilot characteristic, which mechanically modifications lanes and reacts to traffic. In a announcement, Tesla stated it regarded the Model S car changed into not able to realise “the white aspect of the tractor trailer against a brightly lit sky” that had pushed across the car‘s path. The organisation said the crash changed into a…

Read More

US: New MOOC, presents from examine overseas department

The branch will begin freeing modules for its ability–constructing MOOC in November this 12 months, to coincide with worldwide schooling Week, with similarly modules to follow. “that is a precious device in terms of helping institutions create a shape to formulate a look at abroad vision or method” “that is a precious tool in terms of supporting them create a shape to formulate a take a look at overseas vision or approach, so there are a few strategic factors of this but there also are nuts and bolts,” Leeanne Dunsmoore,…

Read More

Most literate nation in the world? Not the US, new world ranking says

  Study found that Nordic countries are among the most literate in the world, but countries in the Western Hemisphere didn’t do well. Corbis (Correction: Central Connecticut State University has released a corrected version of the rankings. The US moves up from 11th to 7th.) A new world ranking of countries and their literacy rates puts the United States at 7th. Who’s Number one? Finland. The study, conducted by John W. Miller, president of Central Connecticut State University in New Britain, Connecticut, analyses trends in literate behaviour and literacy in more than 60…

Read More