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Donald Trump lobs a grenade from afar into the G7

Donald Trump lobs a grenade from afar into the G7

Finance
FOR a moment, the Group of Seven (G7) leaders attending their annual summit, in a mountain village in Quebec, looked like they had managed to paper over their differences with President Donald Trump and present a united front. They found just the right wording to secure American agreement on matters that never used to be in question, such as supporting democracy, abiding by international-trade rules and fighting terrorism. Even Mr Trump professed himself pleased, calling the summit wonderful and rating his relationships with other leaders as ten out of ten.Yet barely ten minutes after the official communiqué was published, he changed his mind. He tweeted from somewhere over the Pacific, en route to his “mission of peace” in Singapore with Kim Jong Un, North Korea’s...
Should I pay off my debt or save for emergencies first?

Should I pay off my debt or save for emergencies first?

Finance
Three simple ways to pay off credit card debt Why do financial experts recommend creating an emergency fund before paying off credit card debt?—Brandon You have some credit card debt and you're up for doing the hard work of paying it off. Then along come financial experts who tell you: Hold on! Emergency fund first! But why wouldn't you pay off debt as quickly as possible, especially when the average credit card charges a 16.73% interest rate? "Because life happens," says Rey Cruz, a certified financial planner with Cruz Investments and Wealth Management in Aurora, Illinois. And relying on a credit card in an emergency is incredibly expensive. In addition to the cost of borrowing, it isn't a safe fallback, says Cruz. "You can't extend your credit if the credit ...
RBI seeks update on payments data storage every fortnight

RBI seeks update on payments data storage every fortnight

Finance
NEW DELHI: Amid concern around data security, the Reserve Bank of India is learnt to have asked payment services firms to provide an update on action taken by them to store transaction data in the country in every fortnight. "You are hereby advised to inform the status of ensuring compliance...The same shall be submitted by June 8, 2018, followed by an update on progress at fortnightly intervals thereafter," the RBI said in the letter referring to its order dated April 6, 2018. A payment bank official on the condition of anonymity confirmed receipt of the RBI letter. According to the order issued on April 6, all payment system providers including payments bank, payment gateways are required to ensure that full end-to-end transaction details relating to payment systems operated by them a...
Buying GitHub takes Microsoft back to its roots

Buying GitHub takes Microsoft back to its roots

Finance
ALMOST to the day 17 years ago Steve Ballmer, then boss of Microsoft, the world’s biggest software firm, called Linux a “cancer”, meaning that the open-source operating system would spell the death of proprietary software. On June 4th, his successor, Satya Nadella, announced that the firm would take over GitHub, the main source of such tumours today, for $ 7.5bn. The deal is yet another sign of Microsoft’s startling recent metamorphosis.GitHub is no household name, but among programmers it is as important as Facebook—which explains the impressive price tag for a firm that earned only an estimated $ 200m of revenues last year. More than 28m developers globally keep their code on the website, which offers all kinds of tools and services. Most important of these ...
The key to more female CEOs: More female board members

The key to more female CEOs: More female board members

Finance
The number of female Fortune 500 CEOs is shrinking You've seen the headlines about the lack of female leadership, the challenges women overcome to reach the C-suite and the dwindling numbers of women at the top. Some companies are testing out structured mentoring, empowerment programs and ambition summits to fix the problem and correct gender imbalances. But other experts say this may not be a bottom-up problem as much as a top-down one, which begins with a startling lack of diversity on company boards. Related: Why it matters so much every time a woman CEO leaves A majority of companies in the S&P 500 have at least one woman on their boards, but only 25% have two, according to a recent study from PwC. In order for boards to appoint more female CEOs, there first ...