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Daily Archives: October 7, 2017

Hosting Proms and Selling Cows: North Korean Embassies Scrounge for Cash

North Korean embassies have spent decades running cash-raising schemes, nearly all of them illicit under current international law. Diplomats and their underlings have brokered deals for weapons and drugs, and more mundane products like machine tools and cows. They have also smuggled liquor, cigarettes, luxury cars and anything else that …

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How to Invest in Private Equity

Many investors see private equity investments as a gateway to the most lucrative opportunities in the financial markets. The professionals who run private equity companies raise substantial amounts of capital from investors, sometimes use the money as collateral to borrow more capital, and then go out to buy companies that …

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AOL Instant Messenger is shutting down after 20 years

The pioneering chat app that taught us to text is pulling the plug. On December 15th, AOL Instant Messenger will shut down after running since 1997. AIM dominated online chat in North America at the turn of the century. But with SMS and social apps like Facebook and WhatsApp having …

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Trump says 'only one thing will work' with North Korea

US President Donald Trump said today that diplomatic efforts with North Korea have consistently failed, adding that “only one thing will work”. Mr Trump has engaged in an escalating war of words with North Korean strongman Kim Jong-Un, trading insults amid rising tensions between the two nuclear-armed rivals. “Presidents and …

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Can Jet.com Woo Millennials With Private-Label Brands?

When Wal-Mart Stores, Inc. (NYSE: WMT) announced the purchase of online retailer Jet.com late last year, it announced to the world that it was no longer going to sit by and let Amazon.com, Inc. (NASDAQ: AMZN) dominate the world of e-commerce. What followed was a whirlwind of smaller online acquisitions, …

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Model gets rape threats over unshaved legs

A Swedish model says she has received rape threats and online abuse after posing for an advert with unshaved legs. Arvida Bystrom was photographed and appeared in a video with her hairy legs on show as part of an adidas campaign for their Originals’ Superstar range. But the 26-year-old said …

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