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Wall Street has a dirty WhatsApp secret: illegal messaging is out of control. From traders to bankers and money managers, just about everyone in finance is embracing encrypted apps like WhatsApp and Signal as a virtually untraceable way to circumvent compliance, get around the HR police and keep bosses in the dark. Nearly two dozen employees from across the financial sector spoke to Bloomberg News, revealing how rules and regulations are routinely ignored, despite the industry's efforts to crack down on unmonitored communications.
Australia is close to taking the Netherlands' crown for the longest unbroken spell of economic growth. The country's last recession - defined locally as two straight quarters of contraction - was in 1991. But the nation is creaking under the weight of its own success, with government gridlock and risks looming in financial stability.
Cathay Pacific is squeezing more seats on 65 of their planes. Your long haul flights are about to get a little less comfortable on the carrier's Boeing 777-300s. The change will result in a 3-4-3 configuration, with legroom remaining at 32 inches, and width shrinking by as much as 1.3 inches to 17.2 inches, Cathay said.
The cost of a Tesla is about to rocket in Hong Kong, where about one in 15 new cars registered is one of Elon Musk's. The increase, which could see more than $40,000 added to the sticker price, is due to a change in the law exempting electric vehicles from a tax on the purchase price that can reach 115 percent.
A low-cost chain of hypermarkets has made a billionaire of India's Radhakishan Damani. His strategy of offering knockdown prices on everything from lentils to laundry powder in multistory hypermarkets on the urban fringes has countered a threat from online retailers Amazon and Flipkart, which have yet to make money in the country.
What happens when your CFO drops dead? Or your No. 1 sales guy walks out on your dozen-strong team for a spot with the competition? Managing key-employee risk could be crucial for small businesses, where losing just one worker can seriously dent productivity. Here's how you should plan for the worst.
The Philippines can't stop meth flowing in from China. The police chief running President Rodrigo Duterte's drugs war says a surge of methamphetamine is entering the country from China. Despite being a key source of the drugs, China has supported the drugs war, which has left thousands dead in the Philippines, and offered to help with anti-narcotic cooperation.
Five-star hiking trips around the globe. Whether you’re motivated by health, screen-time saturation, or plain old spring fever, you’re in luck. From Australia to Amalfi, here's a list of back-to-nature adventures to help you "unplug and detox," in style. So what's driving everyone into the woods?