Top 10 News on 8th, March
TOP 10 NEWS PICKS
TUESDAY, 8th MARCH
1. Bank of England to pump cash into markets around EU referendum amid fear of bank run
Banks will be offered billions of pounds of extra liquidity by the Bank of England, in case markets seize up in the weeks around the EU referendum in June.
2. Eurozone and IMF ask Greece for more reforms as bailout negotiators return
Greece's bailout inspectors are due to return to Athens for a review of the government's economic reform commitments. If deemed sufficient, the visit will set the stage for talks on relieving the country's debt burden.
3. EU and Turkey close in on migrant deal
Turkey and the EU are on the verge of a groundbreaking deal to systematically turn back all migrants reaching Greek islands in exchange for a number of sweeteners for Ankara, including an extra €3bn in funding and access to European visas.
4. Tunisia bloodied: 53 dead in clashes near Libyan border
Exceptionally deadly clashes between Tunisian forces and extremist attackers left at least 53 people dead Monday near Tunisia's border with Libya, amid growing fears that violence from Libya could destabilize the whole region.
5. Alibaba's Ant Financial could be valued at nearly $60 billion
Chinese e-commerce giant Alibaba Group Holding Ltd's (BABA.N) arm, Ant Financial Services Group, is seeking a valuation of nearly $60 billion in its current round of funding.
6. Government resubmits failed motion to compel Apple's assistance in NY iPhone case
The U.S. Department of Justice is objecting a New York magistrate judge's decision to deny its motion to compel Apple's assistance in unlocking an iPhone linked to a years-old New York drug case, with the case now landing at the Eastern District of New York.
7. Why $146,200 is a terrible bonus for Wall Street
The average bonus tumbled by 9 percent to $146,200 last year. Bonuses are still much bigger than they were during the financial crisis, but smaller than they were 10 years ago. (The all-time high averaged $191,360 in 2006.)
8. First known ransomware against Apple Macs thwarted
The first known ransomware attack on Apple Inc's Mac computers, which was discovered over the weekend, was downloaded more than 6,000 times before the threat was contained.
9. Toyota Building Wearable Device for the Blind
Toyota’s robotics division has a new product in development that could benefit the blind and visually impaired. The gadget should help with guidance through indoor spaces.
10. Maria Sharapova faces monster pay cut if banned for positive dope test
Tennis star, Maria Sharapova’s lawyers are plainly planning a “no fault’’ defence of her doping positive which she desperately hopes will protect her projected earnings of more than $US150 million over the next five years.
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