Business

Data breach: RBNZ insider warned about underinvestment in security

The Reserve Bank has revealed that it was an offshore provider whose systems were breached, potentially exposing sensitive RBNZ files. That’s drawn the ire of a local IT industry group that says the incident highlights a wider failing in government strategy that has weakened our defences. The data breach also followed a May 2020 consultation […]

Business

Wall Street set to slip from all-time highs after strong run; Twitter slumps

(Reuters) – Wall Street’s main indexes were to set to slip from record levels on Monday as investors locked in gains after a stellar vaccine and stimulus-fueled rally, while Twitter shares slumped following permanent suspension of President Donald Trump’s account.FILE PHOTO: A man wearing a protective face mask walks by a closed store, as the […]

Business

It Could Be a Great Year, if Your Business Survives Winter

For Ashlie Ordonez, owner of the Bare Bar Studio, a spa in Denver, vaccinations for the coronavirus can’t come soon enough. While she anticipates better days later this year, surviving until then will be a struggle, and she knows the next few months will be lean ones. “I sold my wedding ring so we could […]

Business

Valentino Continues to Build C-Suite

MILAN — Valentino’s chief executive officer Jacopo Venturini continues to bulk up his team, adding new roles to the company that are attuned to the times. Enzo Quarenghi is joining the Rome-based luxury house as chief client officer and digital acquisition, effective Jan. 12. This position is part of a new division spearheaded by Venturini, to […]

Business

China's Baidu to create an intelligent EV company with automaker Geely

BEIJING (REUTERS) – China’s search engine giant Baidu said it will set up a company to partner with car maker Zhejiang Geely Holding Group to make smart electric vehicles (EV), Baidu said in a statement on Monday (Jan 11). Baidu, which has been developing autonomous driving technology and Internet connectivity infrastructure, said the new EV […]

Business

EMW Carpets & Furniture closed after century on South Broadway in Denver

Eric and J.C. Helmstaedter have a trove of stories about EMW Carpets & Furniture, naturally. The brothers were the third generation to run the family business that operated on Broadway just south of Evans Avenue for almost a century. EMW was their grandmother, Elizabeth Mary Wagenblast, the family and company matriarch who once joked in […]

Business

IMF board, citing increased credit exposure risks, raises reserve target

WASHINGTON (Reuters) – The Executive Board of the International Monetary Fund has agreed to raise the medium-term target for the fund’s precautionary reserves given a sharp increase in financial risks since 2018, the IMF said on Friday.FILE PHOTO: The International Monetary Fund (IMF) headquarters building is seen in Washington, U.S., April 8, 2019. REUTERS/Yuri Gripas/File […]

Business

Twitter Permanently Bans Trump From Platform

Outgoing President Donald Trump is officially and permanently banned from Twitter, his favored social media platform. Twitter on Friday evening said a “close review” of Trump’s recent tweets “and the context around them, specifically how they are being received and interpreted on and off Twitter” led to its decision to impose a permanent ban. It […]

Business

Fed Officials Debated Rate Liftoff in 2015, Offering Lessons for Today

The Federal Reserve lifted interest rates from near zero in 2015 after years of holding them at rock bottom following the 2008 global financial crisis. Transcripts from their policy discussions, released Friday, show just how fraught that decision was. The debate that played out then is especially relevant now, when the central bank has again […]

Business

Venture capital hits record high in U.S. in 2020 despite pandemic

FILE PHOTO: Commuters walk through the Financial District during a snow storm in Lower Manhattan, New York, January 26, 2015. REUTERS/Elizabeth Shafiroff (Reuters) – Venture capital backed companies in the United States raised nearly $130 billion last year, setting a record despite the COVID-19 pandemic, figures from data firm CB Insight released on Friday show. […]