As the holiday shopping season begins, hackers are trying to trick users into revealing their private account information. Last week, hackers tried to trick Amazon.com users into handing over their passwords and user names. Last holiday season, eBay and other online shopping websites were attacked.
Crowdfunding is rapidly growing in popularity around the world. It’s a way to raise money online for businesses, charitable organizations and artistic projects. But these new platforms also raise serious regulatory, legal and ethical issues.
The ASEAN leaders meeting comes as Southeast Asia prepares to launch the ASEAN Economic Community. But experts say a lot needs to be done about the movement of goods, services and investments before the area will see results.
The change in policy is expected to create new investments and increased demand for goods and services. The move comes as China’s economy is slowing. However, the change also may increase demand for higher pay and increase labor costs.
A new labeling requirement for Israeli products made in disputed territory is drawing controversy. Israel and 36 senators object to the new rule, saying it will help a boycott of Israeli products. But the Palestine Liberation Organization says it will help Palestinians suffering under Israeli rule.
E-commerce giant Alibaba set a record of $14.3 billion in sales on China’s Singles’ Day, the largest online shopping day in the world. This is a 60 percent increase from last year. Analysts say Alibaba is the top player in the Chinese e-commerce market.
The state of New York is investigating ExxonMobil oil company. The case focuses on whether ExxonMobil failed to warn investors about climate change and its impact on the oil business.
Singles’ Day in China is the biggest online shopping day in the world. It was created in 2009 by Alibaba’s CEO Daniel Zhang to increase online sales. Since then, it has grown into a cultural phenomenon.
Facebook, the world’s largest social network, is launching a mobile news app called Notify next week. It will compete with major global news organizations. Facebook also announced record earnings, fuelled by strong mobile advertising revenues.
The U.S. company will provide direct service to foreigners visiting Cuba. The U.S. and Cuba reestablished diplomatic relations in July after more than 50 years.
With the rise of the digital age, Internet scams spread quickly around the globe. Cybersecurity firms address the problem. Their goal is to foil computer hackers on the Internet. They're also positioned to profit.
Volkswagen shares fell after the German car maker said its emissions testing scandal was much bigger than previously believed. Takata, the Japanese air bag maker, also faced falling shares. It was hit with a huge fine by U.S. regulators for defective air bags.
Islamic finance appears more ethical than traditional financing methods, say experts. Plus, large Muslim populations in ASEAN economies are fueling Islamic finance. But Islamic finance has its critics.
China is cracking down against discounted trips that come with a catch. In exchange for the discounts, tourists are expected to make costly purchases from selected merchants.
Companies, government agencies and universities back programs to increase women’s entrepreneurship, both in the U.S. and around the world. Raising capital remains a major issue for women-led startups. But new ways to get money are emerging.
Some companies are seeking to improve on the strengths of manufacturing and development as the island. Niche markets are smaller than traditional markets. They can offer product improvements and quality can provide good returns.
China’s economy has been hurt by weak world demand for Chinese exports, a recent stock market collapse and China’s surprise devaluation of its currency, the yuan.
Angus Deaton won the 2015 Nobel Economics Prize. The Royal Swedish Academy of Sciences recognized his use of information from surveys to find out how people actually react to problems of spending money. Mr. Deaton has been a Professor of Economics and International Affairs at Princeton University.
Making clothing in Cambodia is the largest industry in the country. Last week, the government announced an increase in pay for workers who make clothing. Manufacturers wanted a lower wage but the prime minister raised the minimum wage to $140 a month. Some unions are asking for a higher rate.
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