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Tag: potential

Nomura had a ‘stellar financial year’ before it warned of potential $2 billion losses, analyst says

Finance
In this articleVIACPDISCA9888-HK700-HK8604.T-JPCSG.N-CHThe warning by Japanese investment bank Nomura that it could incur billions of dollars in losses at a U.S. subsidiary was "pretty unfortunate," an analyst said on Tuesday.Nomura on Monday flagged a potential $ 2 billion loss resulting from transactions with a client stateside. The bank's shares in Japan plunged following that announcement, declining more than 16% on Monday. Those losses extended into Tuesday, with shares declining 0.66% on the day."It's pretty unfortunate for Nomura," Pramod Shenoi, head of Asia-Pacific financials research at research firm CreditSights, told CNBC's "Street Signs Asia."Shenoi said "$ 2 billion dollars ... is a lot of money and what that does is pretty much wipe out any kind of earnings for the second ...
Trump banned from YouTube over concerns of ‘ongoing potential for violence’

Trump banned from YouTube over concerns of ‘ongoing potential for violence’

Technology
Donald Trump has been banned from uploading videos on YouTube "in light of concerns about the ongoing potential for violence", the platform said.YouTube, which is owned by Google's parent company Alphabet, said it had removed new content from the president's channel on Tuesday for violating its policies. Mr Trump will be unable to upload anything "for a minimum of seven days", a spokesperson said.This means he will not be able to post any YouTube videos to his 2.76 million subscribers before Joe Biden replaces him on 20 January.The president uploaded eight new videos on Tuesday, including one which saw him telling reporters that "Big Tech had made a terrible mistake" by barring him. ...
TikTok faces potential legal challenge from 12-year-old girl

TikTok faces potential legal challenge from 12-year-old girl

Technology
Social media giant TikTok faces a potential legal challenge on behalf of all children who use the video-sharing platform.A 12-year-old girl from London, who cannot be identified, plans to bring a damages claim against six firms said to be responsible for TikTok and its "predecessor" app Musical.ly for "loss of control of personal data". She is also seeking the deletion of her data.According to a High Court ruling published on Wednesday, the action alleges the firms have "misused the claimant's private information and processed the claimant's personal data" in breach of EU and UK data protection laws.The current Children's Commissioner for England, Anne Longfield, intends to bring a "representative" action on behalf of all other under-16s who use TikTok, Mr Justice Warby was told at a remot...
Mike Ashley’s Frasers Group in talks over ‘potential rescue’ for Debenhams

Mike Ashley’s Frasers Group in talks over ‘potential rescue’ for Debenhams

Business
Mike Ashley's Frasers Group has confirmed it is in talks over a "potential rescue transaction" for collapsed department store Debenhams.The retailer said in a stock market statement that it was "in negotiations with the administrators of Debenhams' UK business" on a possible deal. It added: "Whilst Frasers group hopes that a rescue package can be put in place and jobs saved, time is short and the position is further complicated by the recent administration of the Arcadia group, Debenhams' biggest concession holder. Please use Chrome browser for a more accessible video player Retailers hope ...
Senate raises concern about potential $24B sale of F-35s, Reapers to UAE

Senate raises concern about potential $24B sale of F-35s, Reapers to UAE

Business
Nov. 13 (UPI) -- Members of Congress indicated concern over the planned sale of military equipment totaling $ 23.4 billion to the United Arab Emirates. This week the State Department approved three weapons deals, of $ 10.4 billion for 50 F-35A Joint Strike Fighter Conventional Take-Off and Landing aircraft, $ 10 billion for 800 AIM-120C8 Advanced Medium Range Air-to-Air Missiles and $ 2.97 billion for 18 Weapons-Ready MQ-9B "Reaper" Remotely Piloted Aircraft. Advertisement The Senate Appropriations Committee plans to demand that the State Department certify the deal "does not diminish Israel's qualitative military edge and poses no vulnerabilities to U.S. military systems and technology." The language has been included in a 2021 funding bill for the State Department. While the Defense Sec...