The US federal contracts are somehow still not won by the women-owned small companies in this day and age. Senator Jeanne Shaheen has openly expressed her disappointment regarding this sobering fact. But she is still optimistic that the changing laws would rectify the situation and empower women with the experience to bid for larger and more competitive federal contracts in the future.
Legal & Regulatory
Twitter Removed More Than 125,000 Accounts In Fight Against Radical Islamic Millitants
The social media site, Twitter has disclosed for the first time removal of more than 125,000 accounts on allegation of aiding terrorism. ISIS has been using Twitter and other social media sites as platforms for spreading their ideologies and recruiting new members. Facebook is also adopting special measures in this regard due to growing concerns over poor policing by the sites against terrorism.
IRS In Unprecedented Cooperation To Secure The Tax Identity Theft Victims
Tax identity theft to conduct further fraudulence in claiming fake tax returns. Many identity thefts related fraud claims have been detected in 2015. The fraud efforts have prompted IRS to reshape fraud prevention measures. Though the new measures are invisible to taxpayers, but they too feel the unprecedented cooperation from IRS.
1MDB Scandal Forces Moody’s To Change Economic Outlook For Malaysia To Stable From Positive
Malysia has been witnessed to rock heavily centering 1MDB scandal. Both Malaysian currency and stock have been nose-dived over the past year and capital outflow taken place more frequently. The existing economic turmoil has led Moody’s to change Malaysia’s economic outlook from positive to stable citing 1MDB related economic turmoil as the reason.
Markets: Asian Markets Shows Remarkable Rise as Crude Oil Prices Increased Overnight
The rise of oil prices had brought positive growth to most of the Asian markets, except for Japan. On the other hand, European market had seen a drop. The oil prices increased overnight due to speculations that U.S Federal Reserve would possibly decide not to increase interest rates throughout 2016.
Latest News
The lawsuit is cast out by more than 40 customers, led by Chris Howe. The lawsuit stated that McDonald's aired unfair advertisements with the claim that its new menu item contains 100 percent pure mozzarella cheese, while according to Howe they contain filler. The lawsuit tests support the claim, but McDonald's has refuted the claim.
The Singapore's authority announced that it has seized a large number of bank accounts in a probe into alleged misappropriations related to 1MDB. Details regarding the bank accounts will be shared with investigators from Switzerland, United States and Malaysia.
The supplier's subsidiary units in China was convicted for selling substandard and expired meats to restaurants including McDonald's and KFC. However, the company argued that the verdict was unjust and inconsistent with the evidence presented in court.
21 people were arrested by the Chinese police on account of a huge online financial scam. The P2P online lender Ezubao had almost pulled off the biggest scam in wealth management product industry, with almost 900,000 investors losing around $7.6 billion (50 billion yuan).
US Dollar has been witnessed to gain some value against yen in both Tokyo and Japan on Monday. The appreciation of dollar has taken place due to BoJ’s surprise move for slashing the interest rate to (-) 0.1%. Even BoJ Governor has hinted further rate slashing events, if situation demands. But economists have referred the attempt as an attraction drawing stance aiming to prevent yen from rising to boost up the sluggish economic growth.
Lesser light falls on the small smart-phone image censor and thus the image quality appears better in larger cameras. But smart-phone industry is in the trend for getting slimmer. Apple has recently been awarded with a patent that is capable of providing better image quality through small, spherical curved lenses. The patented imaging gears are suitable for iPhones and iPads.
Facebook users will soon be prohibited from coordinating private firearm sales using its platform and also through Instagram. The step evokes strict policies on regulating promotional posts on unlicensed gun businesses . The new rule is only applicable for person-to-person firearm sales, licensed gun dealers will be permitted to use the social network.
South African Reserve Bank (SARB) has announced increasing key interest rates by fifty basis points to 6.75% on Thursday. It has also slashed down growth forecast to 0.9%. SARB has increased the interest rates for the second time with an interval of weeks. However, the rate hike will influence the Banks’ expenses and banking industry may witness job cutting as cost minimization effort.
WHO on Thursday has warned for probable spread of Zika virus across the North and Central American countries. Ahead of rising concerns for Zika spreading, drug makers and scientists have commented that manufacturing of an appropriate vaccine may even require a decade. These warnings has opened a huge business potential for Oxitec, an Intrexon subsidiary. Oxitec’s gene modified mosquitoes are capable of ensuring security against Zika for large populations.
