Palantir charged with discriminating against Asians
Alex Karp, chief executive officer of Palantir Technologies(Photo: Drew Angerer, Getty Images)SAN FRANCISCO — The Labor Department is suing prominent Silicon Valley data company Palantir Technologies to end what it alleges is a pattern of discrimination against Asian job applicants.The lawsuit filed Monday with the Labor Department's Office of Administrative Law Judges is also seeking compensation including lost wages for Asian job applicants, the department said.Palantir said it "firmly" denied..>> view originalSaudis, Iran dash hopes for OPEC oil deal in Algeria
ALGIERS Saudi Arabia and Iran on Tuesday dashed hopes that OPEC oil producers could clinch an output-limiting deal in Algeria this week as sources within the exporter group said the differences between the kingdom and Tehran remained too wide."This is a consultative meeting ... We will consult with everyone else, we will hear the views, we will hear the secretariat of OPEC and also hear from consumers," Saudi Energy Minister Khalid al-Falih told reporters.Iranian Oil Minister Bijan Zanganeh sa..>> view originalWTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up ca...
GENEVA The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States.The new figure of 1.7 percent, down from the WTO's previous estimate of 2.8 percent in April, marked the first time in 15 years that international commerce was expected to lag the growth of the world economy, the trade body said. The figures should be a wake-up call for governments, WTO Direct..>> view originalUS charges four Chinese, firm with aiding Pyongyang's nuclear program
The Treasury Department and Justice Department took actions Monday against four Chinese individuals and one Chinese company for conspiring to aid North Korea’s nuclear weapons program in violation of U.S. economic sanctions. The unsealing of criminal charges and the imposition of new sanctions are aimed at shutting down a major Chinese node supporting North Korea’s weapons proliferation, officials said. The Justice Department charged the individuals and the trading company with conspiring to la..>> view originalThe Paris Climate Accords will cost developing economies in Asia $3 billion a year
A woman wearing a protective mask takes a selfie amid heavy smog in Tiananmen Square, Beijing. Damir Sagolj/Reuters JAKARTA (Thomson Reuters Foundation) - Developing economies in Asia will have to spend $300 billion a year until 2050 to meet targets set by the Paris climate deal, but can expect to save thousands of lives and avoid worsening poverty if they shift to low-carbon growth, research showed on Tuesday. As part of the landmark accord reached in December, near..>> view originalAir France workers on trial over ripping off bosses' shirts
you've reached a subscriber-only article. Sign up now and access the full breadth of The Daily Star content in minutes. subscribe now unrestricted access 1 month...$12 | 3 months...$30 | 6 months...$55 | 1 year...$99 Existing users can login here or register for a new account. ..>> view originalWhy EpiPens expire so quickly
Heather Bresch, chief executive officer of Mylan, holds up EpiPen medication while speaking during a House Oversight and Government Reform Committee hearing on Thursday. (Andrew Harrer/Bloomberg) Mylan chief executive Heather Bresch said one thing at a contentious hearing last week that should be music to the ears of people with life-threatening allergies: Her company will soon push to extend the shelf-life for EpiPen. Currently, EpiPens expire 18 months from date of manufacturing. Facing cr..>> view originalChina industrial profits rise most in three years as economy shows signs o...
BEIJING Profits in China's industrial sector rose at the fastest pace in three years as the world's second-biggest economy showed more signs of stabilizing, though some private forecasters say the improvement may be more fleeting than real. Profits of industrial firms in August jumped 19.5 percent from a year earlier to 534.8 billion yuan ($80 billion), the National Bureau of Statistics (NBS) said on Tuesday. That was the largest increase since August 2013. China's economy grew 6.9 percent las..>> view originalDealBook|Trump's a Businessman. Where's His Business Backing?
As this column has noted previously, virtually no big United States banking institution has done new business with Mr. Trump in years, in part because of his history of bankruptcies and his penchant for litigation. During orientation for new employees, Goldman Sachs specifically used to use Mr. Trump as an example of the kind of prospective client to avoid.Still, based on Mr. Trump’s policies, you would think that companies like Apple or Nike, which have railed for lower taxes and are pining to..>> view originalEuropean stocks falter amid Deutsche Bank, trade worries
LONDON (AP) — European stocks faltered Tuesday as investors worried over Deutsche Bank's outlook, a big decline in oil prices and a sharp downgrade in global trade predictions. The reaction in markets to the first U.S. presidential debate of this campaign was fairly minimal. KEEPING SCORE: In Europe, France's CAC-40 rose 0.6 percent to 4,381 while Germany's DAX fell 0.9 percent to 10,305. The FTSE 100 index of leading British shares was 0.3 percent lower at 6,796. Wall Street was poised for ..>> view original
Tuesday, September 27, 2016
Palantir charged with discriminating against Asians and other top stories.
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