Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Companies want to know our values and if they work with us, "they want to be aligned with those values," Salesforce co-CEO Keith Block says.Mad Money with Jim Cramerread more
The World Bank is failing to enforce the rules it sets for the protection of people in the countries where it lends money, resulting in a "trail of misery" around the globe, according to a series published Thursday in the Huffington Post.
World Bank money has been tied to evictions and human rights abuses in developing countries, mostly affecting poor people. In failing to protect the people in the way of the development projects the bank supports, it is violating its own rules and its maxim of "do no harm," the report says.
Humans rights activists claim a Kenyan forest conservation project using World Bank money provides cover to an effort to chase villagers out of their ancestral homes. World Bank funds allegedly have been used in mass evictions in Ethiopia, and to finance a Peruvian gold mine emitting pollutants that locals say are killing their sheep. People affected by the project also have suffered violence and intimidation, according to the article.
A World Bank spokesperson told CNBC that the organization released a plan last month to improve its oversight and management of resettlement practices "to ensure better protection of people and businesses affected by Bank-funded projects."
The spokesperson noted that resettlement is often difficult, regardless of where it happens, which is "every country in the world." The bank sees resettlements increasing in number as more infrastructure is built.
"We must and will do better," the spokesperson said.