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How Silicon Valley enables online slave markets

How Silicon Valley enables online slave markets

Technology
Media playback is unsupported on your device Drive around the streets of Kuwait and you won't see these women. They are behind closed doors, deprived of their basic rights, unable to leave and at risk of being sold to the highest bidder.But pick up a smartphone and you can scroll through thousands of their pictures, categorised by race, and available to buy for a few thousand dollars.An undercover investigation by BBC News Arabic has found that domestic workers are being illegally bought and sold online in a booming black market.Some of the trade has been carried out on Facebook-owned Instagram, where posts have been promoted via algorithm-boosted hashtags, and sales negotiated via private messages. ...
Broader markets bounce back, small and mid caps outperform benchmarks

Broader markets bounce back, small and mid caps outperform benchmarks

Finance
India’s benchmark indices ended off the day’s highs on Thursday, with the BSE Sensex retreating from its all-time high, following reports that China doubts the possibility of a long term trade deal with US President Donald Trump. The indices rose 0.8% intraday, on the back of a rate cut by the US Federal Reserve, before paring the gains. The Sensex ended up 77.2 points, or 0.2%, at 40129.05, while the NSE Nifty closed 37.10 points, or 0.3%, higher at 11881.20. The broader market outperformed the benchmark indices, with the BSE MidCap index gaining 1.1% and the SmallCap index gaining 0.9%. The Sensex surpassed its previous record high of 40312, which it had touched in June, to 40392.22 during the session. The Nifty climbed 0.8% during the session to 11945. Thursday also marked the expiry of

Recent performance of Value Discovery Fund due to expensive markets, says Mrinal Singh of ICICI Prudential Mutual Fund

Finance
“In value investing, patience is a prerequisite to reap gains. That is why it is important for investors to stay put with their investments whether through SIP or otherwise. As value gets unlocked investors will be beneficiaries of exponential gains from these investments,” said Mrinal Singh, Deputy CIO- Equity, ICICI Prudential Mutual Fund, in an interview to Avneet Kaur of ETMutualFunds.com.ICICI Prudential Value Discovery Fund is underperforming its benchmark in one-, three- and five-year horizons. The scheme has given -8.60 per cent in the last one year, 3.31 per cent in the three-year period and 6.27 per cent in five years. What is the reason behind the underperformance?The recent performance of ICICI Prudential Value Discovery Fund has been a function of the markets being expensive w
Global stock markets fall with FTSE 100 worst-hit

Global stock markets fall with FTSE 100 worst-hit

Business
Global stocks have fallen sharply with the UK's FTSE 100 suffering its worst day in over three-and-a-half years.The blue-chip index lost over 3% in its worst day since January 2016. US and European stock markets also dropped.The falls came after poor US jobs and manufacturing figures and a World Trade Organization decision paving the way for $ 7.5bn in US tariffs on EU goods.Analysts said these factors had sparked fears over the strength of the global economy.In Europe, Germany's main index, the Dax, closed 2.8% lower, while France's Cac 40 lost over 3%.In the US, the Dow Jones Industrial Average ended trading 1.9% lower, marking the second day in a row it has lost more than 1%.The S&P 500 fell 1.8% while the Nasdaq, which is largely made up of techno...
Masa Son’s multi-generational vision is running into a brick wall: The public markets

Masa Son’s multi-generational vision is running into a brick wall: The public markets

Finance
Masayoshi Son, chairman and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan.Kiyoshi Ota | Bloomberg | Getty ImagesSoftBank is learning the biggest obstacle to success for its $ 100 billion Vision Fund are the public markets. That's where founder and CEO Masayoshi Son's long-term ambitions are colliding head-on with the near-term expectations of Wall Street.The theme of Son's Vision Fund, which has already deployed more than $ 70 billion in dozens of companies (primarily privately held technology companies) is to bet big and move quickly. In one of the fund's first press releases, SoftBank explained the purpose was to expedite building businesses that will make the next stage of the Industrial Revolution possible, requiring "unprecedented large sca...