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Reuters filepix for illustration purpose only - A + A NEW YORK (May 18): The US is forcing Wall Street banks to embark on a systematic search through more than 100 personal mobile phones carried by top traders and dealmakers in the largest-ever probe into clandestine messaging on platforms such as WhatsApp. The Securities and Exchange Commission has been sending firms lists of key positions — in some cases pointing to around 30 people including heads of certain investment banking teams or trading desks — that are subject to the review, according to people with direct knowledge of the requests. Personnel in those roles are being ordered to hand over phones so devices can be examined by lawyers. The aim is to gauge how pervasively Wall Street professionals use unauthorized messaging platforms to chat with each other or clients as regulators decide which firms to punish, and how hard, for failing to preserve business-related messages sent via unapproved platforms. … [Read more...] about US pries into over 100 trader and banker phones in texting probe

Ranabir Bhattacharyyaa, a writer, shared the woman's story in a LinkedIn post. (Image credit: Ranabir Bhattacharyyaa/LinkedIn) The coronavirus pandemic caused massive jobs losses across the world, forcing people to make drastic switches to new and often unfamiliar roles to support their families. In Kolkata, a woman sacked from electronics giant Panasonic had to start riding a scooter for Uber. Her story was shared on LinkedIn by a man who rode with her. Ranabir Bhattacharyyaa, a writer, said in his post that last week, he had booked an Uber two-wheeler for a quick ride across Kolkata. The driver who came to pick him up was Moutushi Basu – a woman in her early 30s. During his conversation with Basu, Bhattacharyyaa learnt that she worked with Panasonic before the coronavirus-induced lockdown. “She lost her job in the Covid phase like lakhs of Indians,” the man added in his post. Close COVID-19 Vaccine Frequently Asked Questions View more … [Read more...] about From Panasonic employee to Uber rider: Kolkata woman’s story

Intel CEO Pat Gelsinger has said he dreamt of reaching the top post since his early days at the company. (Image credit: LinkedIn) Intel CEO Pat Gelsinger has had a three-decades-long stint with the cutting-edge technology company. Over the course of his career, he has gathered some crucial insights, which he is now sharing with other professionals. During a university speech in Ohio last week, Gelsinger elaborated on his three-point guide for success, Inc. magazine reported. The first tip he had was having a mentor. "We're diamonds in the rough and we need people to knock off those rough edges," he said. Pat Gelsinger cited his own relationship with Intel's former CEO Andy Grove as an example. Second, he advised that professionals write down a mission statement for themselves and think big. Close Gelsinger added that he had his sights set on the Intel CEO position since his early days at the company. He said his dream became a reality only because he … [Read more...] about Intel CEO Pat Gelsinger’s 3 tips for success

(Image credit: @GhazalAlagh/Twitter) Mamaearth co-founder Ghazal Alagh, who was one of the judges on start-up reality show Shark Tank India, believes aspiring entrepreneurs should not give up when faced with setbacks. In a recent LinkedIn post, Alagh said she had observed up-and-coming businesspersons become confused, heartbroken and frustrated when the results of all their hard work did not align with what they expected. The Mamaearth boss said progress is not a linear path. “Even the tiniest of improvements, when applied consistently, realise their moment of breakthrough,” she added in her post. “So don’t give up. It takes vision to stay consistent till you achieve your desired result.” She quoted from American author James Clear’s best-selling book Atomic Habits. “You should be far more concerned with your current trajectory than with your current results,” Alagh wrote. Alagh and six other business bosses -- Bharat Pe co-founder Ashneer Grover, Namita Thapar of … [Read more...] about Shark Tank India judge’s advice to up-and-coming entrepreneurs

A water pump station is seen at a flooded area after Ukrainian military forces opened a dam to flood an residencial area in order to stop advance of Russian forces. The intentional flooding of a small village north of Kyiv that created a quagmire and submerged cellars and fields, but prevented a Russian attack on the capital, was worth all the sacrifice, residents said. Ukrainian forces opened a dam early in the war in Demydiv, causing the Irpin River to flood the village and thousands of acres around. The move has since been credited with stopping Russian soldiers and tanks from breaking through Ukraine's lines. "Of course, it was good," said a man who lives in the village, but would not reveal his name. "What would have happened if they (Russian forces) …. were able to cross the little river and then went onto Kyiv?" More than a third of some fields have been flooded, said another man, who also did not reveal his name. Close Some two months later, people … [Read more...] about Ukraine village flooded intentionally to prevent Russian attack

During National Police Week, we take a moment to pause and honor the men and women of our law enforcement community who have given so much to keep us all safe. To don the badge is one of our nation’s highest honors, but one that comes with unique dangers that so few of us experience firsthand. For those who risk their lives to protect our safety and the values we hold dear, thank you for all you do. (RELATED: RICHARDS: The New Leftist Scheme To Destroy American Policing) This year’s National Police Week events are particularly poignant, as the law enforcement career faces challenges unlike any we’ve seen in our history before. Amid two of the most violent years on record for public safety, murders of law enforcement officers hit an all-time high in 2021 , with murder rates up 59% from 2020. These tragic deaths included unprovoked attacks and brazen officer ambushes that fly in the face of the very law and order our men and women in uniform live to protect. In progressive … [Read more...] about CAMMACK: As The Left’s Crime Crisis Worsens, America Needs Its Police Now More Than Ever

The United States Air Force announced the successful test of a hypersonic missile that can travel more than five times the speed of sound, according to a Monday press release. A Boeing B-52H Stratofortress launched the AGM-183 AGM-183A Air-launched Rapid Response Weapon (ARRW) off the coast of California Saturday, the press release stated. The missile is designed to strike long-distant targets in what the Air Force denotes as “contested environments,” or heavily defended areas. “This was a major accomplishment by the ARRW team, for the weapons enterprise, and our Air Force,” Brig. Gen. Heath A. Collins said. (RELATED: China’s Missile Technology Outpaces Rivals, Baffles Pentagon) The US Navy, in collaboration with the US Army, conducts a static fire test of the first stage of the newly developed 34.5″ common hypersonic missile that will be fielded by both services, in Promontory, Utah, U.S., in this handout image taken on October 28, 2021. Northrop Grumman/Handout via … [Read more...] about ‘Game-Changing’: Air Force Successfully Tests Hypersonic Weapon

Serba Dinamik seeks restraining order against units, proposes '100% return' scheme of arrangement to creditors - A + A KUALA LUMPUR (May 18): Four subsidiaries of Serba Dinamik Holdings Bhd are seeking a restraining order and a leave to convene a creditors' meeting -- a move seen as to revive the troubled oil and gas group which is facing a winding up petition from its creditors. In a bourse filing on Wednesday (May 18), Serba Dinamik said its subsidiaries, namely Serba Dinamik Group Bhd (SDGB), Serba Dinamik Sdn Bhd (SDSB), Serba Dinamik Development Sdn Bhd and SD Controls Sdn Bhd, have filed an application for the two purposes on May 13. SDGB and SDSB are also among Serba Dinamik’s three subsidiaries, which together with the listed entity were slapped with winding-up petitions from six financial institutions for failing to service its RM1.2 billion syndicated term financing. The lenders are HSBC Amanah Malaysia Bhd, Ambank Islamic Bhd, Bank Islam Malaysia Bhd, … [Read more...] about Serba Dinamik units seek restraining order, proposes ‘100% return’ scheme of arrangement

- A + A NEW YORK (May 18): In public, Elon Musk’s erratic tweets have sent Twitter Inc’s shares flailing, as traders bet that the billionaire is preparing to walk away from or re-negotiate his US$44 billion takeover of the social-media company. Behind the scenes, it’s more like business as usual, as advisers on both sides plug away at the day-to-day work of closing a megadeal. One potential sign that the deal is still on track: the 139-page filing that hit early Tuesday, detailing how the offer came together and Twitter’s rationale for accepting it. That document was the result of weeks of coordinated work by both Musk and Twitter’s teams, according to people familiar with the matter. Musk himself signed off on the final version — complete with a deal price of US$54.20 a share — before it was filed, the people said. The situation is similar at the banks that promised to finance the transaction, said the people, who asked not to be identified because the details are … [Read more...] about As Musk tweets, advisers plug away to keep Twitter deal on track

- A + A (May 18): A former senior official from the Chinese Central Bank is under investigation for “suspected serious violation of laws and discipline,” the Communist Party’s anti-graft watchdog said. Sun Guofeng, who was removed from his post as head of the monetary policy department in May, is under disciplinary investigation, the Central Commission for Discipline Inspection said in a statement Wednesday. At least 40 financial sector officials have been probed or penalized since the latest corruption crackdown on the sector was launched in October. The top disciplinary watchdog sharply criticized the People’s Bank of China among more than two dozen financial regulators, state banks, insurers and bad debt managers in February, saying the agencies had gaps in their work to implement the Party’s major strategy. Born in 1972, Sun joined the PBOC in 1996 and has spent most of his career in the monetary policy department. He’s been at the forefront of the PBOC’s … [Read more...] about China says senior Central Bank official under investigation