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Daily Archives: October 17, 2017

'Dr. Doom' commentator Marc Faber faces backlash over race comments

NEW YORK/VANCOUVER (Reuters) – Marc Faber, the Swiss investor based in Thailand, provoked a backlash from business television and investment management firms on Tuesday after comments in his latest newsletter suggested the United States had only prospered because it was settled by white people. The investor and commentator, known as “Dr Doom” for bearish calls on stocks and the economy, ...

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Amazon and eBay warned by MPs about VAT fraudsters

Amazon and eBay are profiting from sellers who defraud UK taxpayers by failing to charge VAT, according to a report by MPs. The report estimates up to £1.5bn has been lost from third-party sellers on online marketplaces not charging the tax on sales they make in the UK. MPs in the Public Accounts Committee criticised HMRC for being “too cautious” ...

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3 new features to expect from Microsoft's Dynamics 365

TechRepublic’s Alison DeNisco Rayome met with Alysa Taylor, general manager for Microsoft’s business application and industry, at Microsoft Ignite to discuss three new features enterprises can expect with Dynamics 365. 1: Artificial Intelligence (AI) solutions With the arrival of Dynamics 365, organizations with high value and complex business processes can use AI to tailor their data set and build unique ...

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Market strategist Marc Faber under fire for racist remarks

Comments made by Swiss investment adviser Marc Faber about race triggered a swift backlash. Faber, who is well known for his market pessimism and often referred to as “Dr. Doom,” said in the October edition of his “Gloom, Boom & Doom Report” that it’s a good thing white people colonized America. “Thank God white peopl… Business and financial news – ...

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IBM beats revenue estimates; hints at sales growth

(Reuters) – International Business Machines Corp’s (IBM.N) shift to newer businesses such as cloud and security services helped it beat analysts’ quarterly revenue estimates, and the technology major hinted at sales growth after nearly six years of declines. Shares of the Dow component rose nearly 5.1 percent to $ 153.93 in extended trading on Tuesday. IBM has been focusing on ...

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Plans for London's historic India Club cook up a storm

London PLANS to renovate a historic and beloved Indian restaurant in central London are causing a stir, pitting the developers against high profile defenders, including intellectuals, Anglo-Indian businessmen and lawmakers from both countries. The India Club, a restaurant and bar Let’s block ads! (Why?) … The Business Times

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Facebook buys TBH app loved by teens for anonymous quizzes

San Francisco FACEBOOK Inc has acquired popular teen mobile app TBH, which lets users anonymously answer questions about their friends. The terms of the deal were not disclosed. The app, whose name stands for To Be Honest, will operate separately from Facebook, similar to how the Let’s block ads! (Why?) … The Business Times

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In One Chart: San Francisco has the top salaries in America. And it may be the worst city to save money

Just because you live in a big city and command a relatively large salary doesn’t mean you’re actually saving money. In fact, quite the opposite is often true. While residents of San Francisco enjoy the highest median household income among U.S. municipalities, they arguably live in the worst place to save money. And San Francisco is more than just a ...

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