Business

Australian conservative government to raise taxes on five biggest banks

Australian conservative government to raise taxes on five biggest banks

Revenue is expected to grow 7.8 percent next year to AU$444.4 billion ($326 billion), and the deficit to shrink to AU$29.4 billion ($21.6 billion). He continued: "While similar taxes operate in other global jurisdictions, they were introduced to recover the cost of governments having to take over their banks".



Spanish companies hit by ransomware cyber attack

Security teams at large financial services firms and businesses were reviewing plans for defending against ransomware attacks , according to executives with private cyber security firms. Spain's National Cryptologic Center, which is part of the country's intelligence agency, said on its website that there had been a "massive ransomware attack" against a big number of Spanish organizations affecting Microsoft Corp's Windows operating system.


Kapil Mishra's attacker works with Aam Aadmi Party, say cops — AAP crisis

Kapil Mishra's attacker works with Aam Aadmi Party, say cops — AAP crisis

Before being taken away by police, the man claimed he is of the AAP, but party leader Sanjay Singh, however, said they had received information that Ankit Bharadwaj "is an executive member of the BJYM". "It is not a dharna but a satyagraha ", Mishra was quoted by the Indian Express as saying. Without naming AAP in his speech, Mishra said there are a lot of people who have been troubled following his recent revelations on Arvind Kejriwal and hence are stooping to such levels.



Bradley Scores Playoff High 29, Celtics Beat Wizards, Take 3-2 Lead

Boston Celtics guard Avery Bradley (0) shoots a 3-pointer as Washington Wizards forward Otto Porter Jr. defends during the second quarter of Game 5 of an NBA basketball second-round playoff series , in Boston , Wednesday, May 10. Later they booed him loudly when he touched the ball. The Celtics' lead grew to 26 points in the fourth quarter. But it was a show of emotion that Bradley said might be a bridge too far - even for a guy who's feeling freer to embrace his inner tough man.


Coach buys Kate Spade for $2.4bn (£1.85bn)

Coach buys Kate Spade for $2.4bn (£1.85bn)

Kate Spade shares rose 8.1% to $18.35 in pre-market trading Monday. Coach expects to realize about $50 million in synergies on an annual run rate within three years of the closure of transaction. Coach is focused on preserving Kate Spade's brand independence as well as retaining key talent, ensuring a smooth transition to Coach's ownership.