It’s been a volatile year for oil stocks such as BP plc (LON:BP) (BP.L), Royal Dutch Shell Plc (LON:RDSB) (RDSB.L) and Tullow Oil plc (LON:TLW) (TLW.L). Fears about the prospects for the world economy seem to have weighed on investor sentiment towards the sector, with risks such as a trade war having the potential to weaken demand for oil. The latter point could become increasingly relevant over future years to my mind, and may help BP to adapt to what I feel could become an increasingly environmentally-conscious world economy. I think there are more appealing risk/reward opportunities for me elsewhere in the oil and gas industry, but I still think that in the long run Tullow Oil could produce impressive returns.
Elizabeth Warren wasn’t the only one pushing back on Bill Gates’s comments about her wealth tax proposal. The New York Times Editorial Board notes that tax rates were considerably higher when Gates founded Microsoft in 1975, and that didn’t stop Gates from building his business or attracting investors. Half a century later, in 2011, Americans with the highest incomes paid just 33.2 percent of their income in taxes, according to a study by Thomas Piketty, Emmanuel Saez and Gabriel Zucman published last year. That doesn’t mean that Warren’s wealth tax is necessarily the answer, and the Times editorial makes clear it is not an endorsement of her specific plan, saying that it and a similar proposal from Bernie Sanders “require careful consideration” as part of a debate over how much money the government needs and how best to generate that revenue. But raising taxes on the rich will be necessary, and there’s little evidence “that tax increases of the magnitude proposed by Ms. Warren and other candidates for the Democratic presidential nomination would meaningfully discourage innovation, investment or economic growth.”.
NICE (NICE) today announced it will be showcasing how NICE’s solutions work with Microsoft Teams to improve compliance during the Microsoft Ignite Conference which is taking place November 4-8, 2019 in Orlando, Florida. “This is a huge milestone in our relationship and we’re looking forward to sharing the value of our joint solutions with thousands of Microsoft customers.”. NICE is slated to complete integration and testing of Microsoft Teams and NICE’s innovative recording solutions, including NICE Trading Recording (NTR), NICE Engage Recording and NICE inContact CXone, in the first half of next year allowing NICE to be able to reliably record and reproduce all communication modes and media sources exchanged through Teams. Microsoft Teams is a unified communication and collaboration platform that is transforming the way millions of people work every day, including those in financial services firms and contact centers.
NEW DELHI (Reuters) - A group of Indians including journalists and lawyers whose phones were hacked via Facebook's WhatsApp messaging platform asked the government on Friday to make public its ties with the Israeli firm accused of deploying the spyware. WhatsApp last week sued Israel's NSO Group, accusing it of helping clients break into the phones of roughly 1,400 users - including diplomats, political dissidents, journalists, military and government officials - across four continents. "It is a matter of public concern whether Indian tax payer money has been spent on this kind of cyber surveillance...," the Indian group, comprising journalists, lawyers, academics, writers and social activists, said in the letter. The group of Indian users said that the spyware had compromised not just their safety but also the security of their friends, family, clients and sources. "We seek an answer from the Government of India about whether it was aware of any contract between any of its various ministries, departments, agencies, or any State Government, and the NSO Group or any of its contractors to deploy Pegasus or related malware for any operations within India?"
Facebook gave Tinder special access to user data, reveals leak: Report By IANS | San Francisco | Last Updated at November 08 2019 16:06 IST. Despite dismissing Tinder cofounder Sean Rad as irrelevant, Facebook CEO Mark Zuckerberg allowed the dating app special access to user data, as revealed by leaked exchanges between the two executives. Access to Facebook data helped Tinder thrive, but there came a point when it inched closer to losing that access, Forbes reported on Thursday. According to the report in Forbes, Facebook wanted the dating app to share trademark rights on "MOMENTS. ", a photo app that Facebook wanted to launch, an email exchange in March 2015 showed. Despite giving Tinder preferential treatment, Zuckerberg rejected the suggestion he meet with Rad, explaining, "I don't think he's that relevant. He probably just wants to make sure we won't turn off their API."
Billionaires Elon Musk and David Einhorn went to battle on Twitter over the investor’s bet against Tesla (TSLA), with the latter responding to a taunt made by Musk on Friday over a recent jump in the company’s stock that undermined his firm’s positions. The war of words kicked off after Einhorn’s hedge fund, Greenlight Capital, revealed that it notched losses on its short Tesla positions in the third quarter — which prompted the CEO to mock Einhorn’s aggressively bearish stance on his company. Unicorn,” Musk — a prolific Twitter user who’s used the platform to take a victory lap after a record quarter of deliveries — made biting remarks about Greenlight’s investment track record. "It is understandable that you wish to save face with your investors, given the losses you suffered from Tesla's successful third quarter, especially since you've had several down years in performance and a sharp drop in assets under management from $15 billion to $5 billion,” Musk said, extending an “open invitation” to meet with Einhorn to learn more about the company.
They edited it to add on the last shot in which Keir Starmer looks stumped. But that didn't happen. Facebook also confirmed that it would not be changing its micro-targeting policies ahead of the UK general election, and that it would not put a temporary pause on political advertising during the current election until new legislation can be introduced, despite calls from campaigners. "We want to make sure Facebook is used to engage authentically, and that users understand who is speaking to them and what perspective they are representing," said Nathaniel Gleicher, head of cybersecurity policy. If a page is found to be misleading people about its purpose by concealing its ownership, it will now be required to go through Facebook's business verification process and show more information on the page itself about who it is run by. Facebook has come under fire recently for its stance against intervening in political advertising, with CEO and founder Mark Zuckerberg grilled on the subject by US Congresswoman Alexandria Ocasio-Cortez last month. So far, the platform has taken a number of steps to clean up elections, including labelling political ads and putting all political ads into a publicly accessible Ad Library (including information on the types of people who saw them and how much was spent), increasing investment in safety and security, and cracking down on fake accounts.
Gupta will be replacing Rajan Anandan, who left the company in April this year to serve VC fund Sequoia Capital India as a managing director. He helped Star make a major push in the digital consumers business through video streaming service Hotstar, where he aggressively worked on partnerships and licensing for cricket rights and other content. Gupta also held top executive roles at other companies, including Bharti Airtel telecom network. I am happy to join the passionate teams across Google and look forward to contributing to India’s digital journey as it becomes an innovation hub for the world.”. When Anandan, a long-time influential and widely respected Google executive, left the company earlier this year, Google said Vikas Agnihotri, who is the director of sales for the firm’s India operations, would be temporarily taking over the role. For Google, this was the latest in a series of high-profile departures in Asia.
RBS to launch 'social bond' to boost lending in deprived areas. LONDON, Nov 8 (Reuters) - Royal Bank of Scotland said on Friday it is launching the first "social bond" by a British lender, with the proceeds earmarked to back small businesses in some of the country's most deprived areas. RBS said it planned to announce pricing and how much it intended to raise later today, after engaging with potential investors during a roadshow this week. The lender said the bond would be linked to around 2.5 billion pounds ($3.20 billion) of lending to small firms in disadvantaged areas, adding it would be the first issued under its new green, social and sustainability framework for bonds.
Confluence Investment Management LLC lifted its position in shares of Alphabet Inc (NASDAQ:GOOG) by 1.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm has a market cap of $895.43 billion, a price-to-earnings ratio of 27.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.00. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. In other Alphabet news, SVP David C. Drummond sold 28,430 shares of the firm’s stock in a transaction that occurred on Friday, November 1st.