Yasser Shawky

27 Flips | 1 Magazine | @YasserShawk2015 | Keep up with Yasser Shawky on Flipboard, a place to see the stories, photos, and updates that matter to you. Flipboard creates a personalized magazine full of everything, from world news to life’s great moments. Download Flipboard for free and search for “Yasser Shawky”

China's Uber rival Didi Kuaidi is raising $1 billion

China's biggest ride-hailing company is upping the stakes as it competes with Uber.<p>Didi Kuaidi is raising around $1 billion in a new funding round, according to a person close to the situation. As the terms haven't yet been finalized, it's not possible to give a new valuation, the person added.<p>The …

Zuckerberg in Germany: No place for hate speech on Facebook

BERLIN (AP) — Mark Zuckerberg conceded Friday that Facebook didn't do enough until recently to police hate speech on the social media site in …

Revlon's CEO Is Stepping Down

Cosmetics maker Revlon Inc (rev) said CEO Lorenzo Delpani would step down for personal reasons.<p>The news comes about a month after Revlon’s …

Evenflo recalls over 56,000 child seats for harness problem

DETROIT (AP) — Evenflo is recalling over 56,000 child safety seats because curious children can loosen the internal harness, increasing the risk of …

Consumer spending has biggest increase in eight months as incomes also post strong gains

Consumers ramped up their spending in January at the fastest pace in eight months as incomes also continued to grow at a strong pace in a sign economic growth is improving after slowing at the end of last year.<p>Inflation also picked up last month, which could help push Federal Reserve policymakers …

Economics

Even tire manufacturers cheat, and Nokian admits to exactly that

It appears that automakers aren't the only ones willing to cheat their way to victory. Apparently, tire manufacturers can play the same games, and Finnish tire maker Nokian admitted to creating special tires for the purpose of winning media comparos.<p>Bloomberg cited a report put out by Finnish …

Fuel Efficiency

Gold prices are at their highest in a year, but Deutsche Bank still says “buy”

To your bunkers!<p>Deustche Bank put out a note this morning (per CNBC) that advised holding gold as an insurance policy against the financial bogeymen possibly in our midst, like the prospects for a pickup in US corporate defaults, or the threat of a sharp currency devaluation by China.<p>It’s a bit of …

Deutsche Bank

Opinion: Government debt is the new subprime

Howard Marks of Oaktree Capital is one of the greatest investors and investment strategists of the past 20 years. In Howard’s first January memo, he …

Puerto Rico

Late payments by state blamed for expected Buffalo layoffs

BUFFALO, N.Y. (AP) — About 200 carpenters and other tradesmen working on Gov. Andrew Cuomo's signature economic development project are receiving …

Is the US undermining India's solar power programme?

<b>Whatever happened to all the talk of international co-operation to tackle climate change that we heard during the climate conference in Paris just a few months ago?</b><p>That is what many environmentalists are asking after the United States delivered a damaging blow to India's ambitious solar power …

Qatar shut down Al Jazeera America and the staff responded with the best office cake ever

As edible send-offs go, it’s a good one. Staffers at recently-shuttered Al Jazeera America marked the channel’s final days with a mock homepage iced on a cake.<p>Under the trending topic (“Unemployment”) and headline story (“AJAM staffers freed from Qatar servitude”) were inside jokes about the abrupt …

Jokes

UK's Osborne warns of deeper spending cuts after growth falls short | Reuters

LONDON (Reuters) - British finance minister George Osborne warned that he might cut public spending more deeply than he previously planned after the country’s economic growth fell short of the pace foreseen in his plans to wipe out the country’s budget deficit.<p>Britain's Chancellor of the Exchequer …

Baidu Inc. Revenue Surges 33%

Image Source: Baidu<p><b>Baidu</b> reported fourth-quarter results on Feb. 25. The Chinese Internet titan is enjoying strong demand in its core search business and impressive growth in its transactional services.<p>Quarterly revenuesurged 33% year over year to $2.9 billion, with online marketing revenuejumping …

The CEO of Blackstone took home $810.6 million in 2015

The hefty payout represented a 17 percent rise in Schwarzman's earnings compared with 2014, in line with a solid rise in Blackstone's cash earnings last year.<p>Blackstone's distributable earnings rose 25 percent on an annual basis in 2015 to $3.8 billion.<p>Schwarzman received $89.5 million in …

Venture Capital

Total fined by French court in Iraq oil-for-food case | Reuters

PARIS (Reuters) - A Paris court fined Total (TOTF.PA) 750,000 euros ($825,000) on Friday for corrupting foreign officials, overturning an earlier acquittal over the French oil giant’s role in the United Nations’ Iraqi oil-for-food program.<p>A view shows the Total Tower, French oil giant Total …

Exclusive: Boeing plans layoffs for airplane engineers | Reuters

NEW YORK (Reuters) - Boeing Co said on Friday that it is considering layoffs of airplane engineers, a plan that it said may cause it to reorganize or consolidate its engineering teams, according to an internal memo seen by Reuters.<p>The Boeing logo is seen at their headquarters in Chicago, April 24, …

United States sets out limits on its spying as part of new data pact with EU | Reuters

BRUSSELS (Reuters) - The United States has set out limits to its use of data collected in bulk about European citizens after a new information-sharing pact was agreed this month, according to documents seen by Reuters.<p>An illustration picture shows a projection of text on the face of a woman in …

Turkey repairs oil pipeline connecting to Iraqi Kurdistan

ISTANBUL (AP) — Turkey's energy ministry says it has begun repairs to a pipeline transporting crude oil from northern Iraq to the Mediterranean coast.<p>…

The Average American Investor Saved Up to $1,240 Using This Tax Break. Did You?

Image: Flickr userSimon Cunningham.<p>The IRS makes you pay different tax rates on different types of income. As a result, it often makes sense to position yourself to earn income that falls into lower-tax categories. One of the biggest that ordinary investors can take advantage of is the lower rate …

Barclays plans sell-off of African operations

Barclays is preparing to scale back its global ambitions by selling off its once-prized African operations.<p>The bank, under the leadership of its new chief executive, Jes Staley, is reported to have concluded that it is time to leave the continent where it once had major ambitions for growth.<p>In …

South Africa

Goldman Sachs Employees Uber to Work More Than Anyone Else

In New York, there has long been an unofficial line separating the masses from the Wall Street elite: those who are chauffeured to work and those who …

Cannabis Entrepreneur Turns Dixie Cups And Duct Tape Into Successful Pot Plant-Shipping Business

Larry Fenner loves to tinker, and his new invention demonstrates that you don’t have to have an engineering degree to turn an idea into a successful product. Starting with two Dixie cups, foam padding, a bulb, wires and duct tape two years ago, Fenner created the Clone Shipper, a way to transport …

Siblings

Apple investors should be horrified of this 1 chart

The two charts below show the history of guidance provided by Apple's management team relative to the delivered results. The first chart displays this using the revenue statistic while the second one focuses on gross profit margin. The bottom of the rectangles indicates the low end of the range and …

Zenefits lays off 250 employees

Zenefits is laying off 250 people.<p>That's 17% of the HR software company's current workforce.<p>It's just the latest change by new CEO David Sacks, who took over earlier this month after CEO and founder Parker Conrad abruptly resigned. The startup has been roiled by a series of allegations about fraud …

Swiss agree road map with Iran for boosting ties | Reuters

ZURICH (Reuters) - Switzerland said on Saturday it had agreed on a “road map” for building business, financial and other links with Iran after Swiss President Johann Schneider-Ammann met his counterpart Hassan Rouhani in Tehran.<p>Swiss President Johann Schneider-Ammann (L) and Iranian President …

Volkswagen, Uncharacteristically, Will Be Avoiding The Limelight In Geneva

GENEVA, Switzerland – Car company honchos usually can’t wait to grab the microphone, step into the spotlight and strut their stuff at car shows.<p>But don’t expect many Volkswagen executives, shamed by the dieselgate scandal, to be breaking cover near the media at this year’s Geneva Car Show. The …