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New York – Facebook has suspended another data firm after allegations surfaced that it may have improperly handled users’ information. The social media giant said it suspended Cubeyou pending an investigation. CNBC reported the data-analytics company was misleading users by saying information it collected through quizzes was for academic research, even though it was in fact being shared with marketers. “These are serious claims and we have suspended Cubeyou from Facebook

George Soros

George Soros called cryptocurrencies a bubble in January. Now his $26 billion family office is planning to trade digital assets. Adam Fisher, who oversees macro investing at New York-based Soros Fund Management, got internal approval to trade virtual coins in the last few months, though he has yet to make a wager, according to people familiar with the matter. A spokesman declined to comment. Soros, speaking at the World Economic

Trump tariffs

Unexpected moves by the Trump administration threaten to unravel the efforts of US and Chinese trade officials to reach an agreement. China said it would counter US protectionism “to the end, and at any cost,” as a war of words over President Donald Trump’s proposed tariffs on Chinese imports escalated. The statement from Beijing came after Trump ordered his administration to consider tariffs on an additional $100 billion in Chinese

Luiz Inacio Lula da Silva

Brazil’s former President Luiz Inacio Lula da Silva on Friday spent his last hours before a 12-year prison sentence surrounded by supporters who vowed to fight for his right to run in a presidential race he is currently leading. Ordered to turn himself in after he lost an appeal of his bribery conviction, Lula huddled with aides and allies at the headquarters of the steelworkers union in metropolitan Sao Paulo

Australia

Australian Home Affairs minister, Peter Dutton, has stated that he is now actively considering “several” applications from South African farmers for refugee or humanitarian status in Australia. This follows the issuing of a diplomatic démarche by International Relations and Cooperation Minister Lindiwe Sisulu to the Australian High Commissioner in March, in which she demanded a retraction of the comments made by Dutton on the South African land redistribution process. The

Samsung Electronics Co

Samsung Electronics Co reported higher-than-projected profit as demand for its memory chips remained strong enough to outweigh concerns about display supplies to Apple Inc. Operating income rose to 15.6 trillion won ($14.7 billion) in the three months ended March, according to preliminary results released Friday from the Suwon, South Korea-based company. That compares with the 14.5 trillion-won average of analysts’ estimates compiled by Bloomberg. The first-quarter result, which includes the

Ajay Gupta

Ajay Gupta was all smiles when a South African businessman confronted him in Dubai on camera on Wednesday. Justin van Pletzen posted their encounter‚ outside what appears to be an office block‚ saying: “Just bumped into AJ Gupta in Dubai … and if it wasn’t for the law here I would have dropped him.” Gupta‚ wearing a blue shirt‚ dark trousers and sun glasses‚ appeared to be in a jovial

South Korea's former president sentenced to 24 years for corruption

South Korea’s presidential palace was Park Geun-hye’s home for more than two decades — once when her father was president and later when she herself led the country. Now, humiliated and vilified, she faces spending the next 24 years of her life in prison after being convicted of corruption — a spectacular fall from grace unimaginable six years ago when she became South Korea’s first female president amid great fanfare.

trade war fears

The rand weakened early on Friday on resurgent trade war fears after US President Donald Trump proposed tariffs on more Chinese products. At 06:54 GMT, the rand was 0.52% weaker at 12.04 per dollar compared to an overnight close of 11.98. President Donald Trump on Thursday directed US trade officials to identify tariffs on $100 billion more Chinese imports, upping the ante in an already high-stakes trade confrontation between the

US-China tariff

South Africa’s rand is expected to hold onto most of this year’s gains against the dollar, supported by improving domestic economic growth, as long as the US-China tariff tussle does not disturb global trade flows. A Reuters poll of 30 strategists taken April 3-5 showed the rand is expected to remain mostly resilient against the dollar, around 11.93/$ by end-September, and to slip slightly to 12.13/$ by this time next