News Platforms 

PayPal is buying group payouts platform HyperWallet for $400 million

“PayPal is trying to expand the options available at its payments platform to compete with growing competition from banks and tech companies” reports fastcompany.com. PayPal will pull those capabilities into its own payments platform, and will immediately be able to offer them in the 200 markets serviced by HyperWallet around the world.HyperWallet offers a platform where e-commerce businesses can easily make payments to independent sellers or contractors. Source: fastcompany.com Share This:

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Microsoft employees ask company to cancel contract with ICE in open letter to CEO

“More than 100 Microsoft employees signed an open letter addressed to CEO Satya Nadella on Tuesday, demanding that the company end its contract with U.S. Immigration and Customs Enforcement (ICE)” writes Taylor Soper for geekwire.com. The Trump administration has come under fire this month for its policy of separating parents and migrant children at the border.The company later issued a statement, saying that Microsoft products are not being used specifically for the separation of families. Source: geekwire.com Share This:

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Microsoft’s Nadella: Trump administration policy separating children from families is ‘abhorrent’

“Microsoft chief Satya Nadella condemned the Trump administration’s new zero-tolerance policy on illegal border crossings and called the separation of immigrant children from their families “abhorrent.”” writes Saumya Khandelwal for cnbc.com. The immigration policy of this country is one of our greatest competitive advantages, and this is something we must preserve and promote.Nadella is the latest name to join a chorus of business leaders who have spoken up against the Trump administration’s immigration policy, including Facebook’s Mark Zuckerberg and J.P. Morgan chief Jamie Dimon.Below is an e-mail I sent to…

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Under fire, Microsoft CEO calls child separation policy “abhorrent”

“Microsoft CEO issued an e-mail to employees late on Tuesday, saying he is “appalled” at the Trump Administration policy of separating immigrant children from their families, which he called “abhorrent.”” reports axios.com. The immigration policy of this country is one of our greatest competitive advantages, and this is something we must preserve and promote.This new policy implemented on the border is simply cruel and abusive, and we are standing for change. Source: axios.com Share This:

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Crypto News 

Hackers hit South Korean cryptocurrency exchange Bithumb, bitcoin falls

“Bithumb trades more than 37 different virtual coins, according to Coinmarketcap.com” writes Cynthia Kim for reuters.com. Mun Chong-hyun, chief analyst at ESTsecurity, said digital coins would continue to be juicy targets for hackers around the world. “No security measures or regulations can 100 percent guarantee safety of virtual coins.On June 11, another South Korean cryptocurrency exchange Coinrail said it was hacked.Global policymakers have warned investors to be cautious in trading the digital currency given the lack of broad regulatory oversight.In January, South Korea banned the use of anonymous bank accounts…

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US couple help raise $3.8 million on Facebook to help reunite immigrant families

“Personal fundraisers allow people to raise money for a friend, themselves or a sick pet directly on Facebook” reports firstpost.com. Launched in 2017, Facebook’s fundraiser platform allows people to raise money for different causes, including personal causes.A couple in the US has seen an outpouring of support from thousands of people when they set out to raise money on Facebook for reuniting immigrant parents with their children, helping them raise $3.4 million in a matter of three days, the media reported. Source: firstpost.com Share This:

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Read the memo Microsoft CEO Satya Nadella sent to employees about the company’s work for ICE …

“The immigration policy of this country is one of our greatest competitive advantages, and this is something we must preserve and promote” writes Matt Weinberger for businessinsider.com. In that memo, he said that as a father and an immigrant to the United States himself, he is “appalled at the abhorrent policy of separating immigrant children from their families.”. “This new policy implemented on the border is simply cruel and abusive, and we are standing for change,” Nadella said.On Tuesday evening, Nadella responded with a memo to employees, which he also…

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Heads-up News 

Frankfurt Trading Session Heads Up Wednesday, June 20, 2018

Frankfurt opening news digest Wells Fargo’s ethics hotline calls are on the rise Wells Fargo’s quest to clean up its act requires workers to shine a light on shady activity when they see it.   Which Assets are Risky and Which Safe Havens in These Unique Circumstances Investor sentiment is a constant market force, but it isn’t always set on a clear and intense course   Crude Oil Prices Eye OPEC Seminar for Output Cap Strategy Preview Crude oil prices are looking to soundbites from the OPEC International Seminar for…

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Trump on Twitter – Germany, illegal immigration, Congress

“They can’t win on their terrible policies, so they view them as potential voters! [0952 EDT] – We must always arrest people coming into our Country illegally” writes Midwest Communications Inc for 95kqds.com. They don’t care about crime and want illegal immigrants, no matter how bad they may be, to pour into and infest our Country, like MS-13. Source: 95kqds.com Share This:

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Asia business sentiment slips from seven-year high on trade worries: Thomson Reuters/INSEAD

“To view a graphic on the Business sentiment index, click: http://tmsnrt.rs/2G9OZJs To view a graphic on the biggest perceived risks to business outlook, click: http://tmsnrt.rs/2G77AGg” writes Midwest Communications Inc for 95kqds.com. “Besides, global growth, especially in the U.S. and China, is still good.The risks to growth are increasingly real now, said Antonio Fatas, a Singapore-based economics professor at global business school INSEAD. “Trade war is not a risk but a reality,” he said. Source: 95kqds.com Share This:

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