Business

by | May 22, 2019 | 00:44

The US Commerce Department blocked Huawei Technologies from buying US goods last week, a major escalation in the trade war between the world's two top economies, saying the firm was involved in activities contrary to national security. Adding to its US troubles on Thursday, the US Commerce Department placed Huawei and 68 entities to an export blacklist, making it almost impossible for those listed to purchase goods made in the United States.

by | May 21, 2019 | 00:43

T-Mobile and Sprint will have to deliver on the speed promise within six years, FCC officials told reporters. The companies have agreed to deploy a 5G network that would cover 97% of the us population within three years, and 99% within six years.

by | May 18, 2019 | 03:43

Taco-themed rooms. Taco-inspired poolside cocktails. There is an on-site salon for "Taco Bell-inspired nail art, fades and a braid bar". Just don't tell the kids you're going to Taco Bell for a week, because this natural evolution of the Taco Bell brand is only meant for superfans over the age of 18.

by | May 16, 2019 | 02:00

The attacks caused "significant damage to the structures of the two (Saudi) vessels", Saudi Energy Minister Khalid al-Falih said on Monday, calling the incident "sabotage". But he also said, "Neither we, nor them is seeking war". Saudi Arabia halted its main cross-country oil pipeline temporarily after a drone attack damaged pumping stations along the link, a strike claimed by Iran-backed rebels in neighboring Yemeni.

by | May 16, 2019 | 01:54

Furthermore, concerns about Chinese law requiring Huawei to cooperate with China's intelligence agencies were simply hype. The move was made as a way of allowing the federal government to prevent companies from doing business with other countries, including the Chinese firm Huawei, the Washington Post reported .

by | May 16, 2019 | 01:43

On Wall Street, the Dow Jones Industrial Average finished down 2.38 per cent, the S&P 500 was down 2.41 per cent and the tech-heavy Nasdaq Composite was down 3.41 per cent. The worries about trade have shattered a remarkably steady rise for stocks. Gold mining companies rose as the price of gold, another safe-play asset, rose 1.1% to $1,301.80 an ounce.

by | May 15, 2019 | 00:52

The Pilliods said they had used the Roundup herbicide on their yard and other properties for decades. In addition to US$1 billion for each spouse, the jury awarded damages of about $55 million for the couple's medical bills and pain and suffering.

by | May 15, 2019 | 00:41

Visiting Delhi Tuesday, Iran's Foreign Minister Mohammad Javad Zarif was questioned on the USA military deployments in the Gulf region. "If you are anxious about a new war in the Middle East , you are in good company", tweeted Joe Cirincione, president of the Ploughshares Fund.

by | May 14, 2019 | 00:57

A narrowly divided Supreme Court is allowing a group of consumers to move forward with a lawsuit charging that Apple overcharges customers for app store purchases. It is important to understand that the Supreme Court has not ruled that Apple violated antitrust laws. Apple told the Supreme Court that the App Store has been very successful and offers over two million apps.

by | May 13, 2019 | 17:26

B-52 bombers arrived at an American air base in Qatar, the U.S. Air Force acknowledged Friday. The measure by Iran took place exactly a year after President Donald Trump pulled the USA out of the multilateral accord and ordered sanctions on Iran.

by | May 13, 2019 | 17:23

Uber operates in a number of verticals besides ride-hailing, including food delivery and freight, all of which are highly competitive and fragmented markets. Investors say they're hesitant to buy Uber's stock out of the box because of what happened with Lyft, and want to see it settle before buying significant amounts of shares, said Dan Ives, managing director of equity research at Wedbush Securities.

by | May 13, 2019 | 17:01

President Trump is warning China not to retaliate for the newest tariff hike on its imports. China is set to impose a tariff rate of as high as 25% on a portion of $60 billion worth of US goods starting June 1, the Chinese government announced Monday.

by | May 12, 2019 | 00:33

And the USA is to blame for the risky turn of events, Chinese officials and analysts stressed. President Trump's latest move came less than a day after he ramped up punitive duties on United States dollars 200 billion worth of Chinese imports, raising them to 25 per cent from 10 per cent, and Beijing vowed to retaliate .

by | May 11, 2019 | 01:44

A barge pushes a container ship to the dockyard in Qingdao in eastern China's Shandong province. Overnight Friday, amid increasing fears of a trade war, the United States hiked tariffs on $200 billion in Chinese goods to 25 percent from 10 percent following a sit-down between both sides Thursday in Washington .

by | May 10, 2019 | 02:21

He contended the reported losses were "non monetary". Congressional Democrats have routinely demanded the President's recent tax returns; pledging to obtain the material after taking control of the House of Representatives in the 2018 midterm elections.

by | May 10, 2019 | 02:15

She said the former vice president, if elected the 46th president, would make sure the US and its allies write global trade rules. Nonetheless, China confirmed that Vice Premier Liu He , the country's top trade negotiator, will lead the Chinese delegation coming to Washington, D.C.

by | May 10, 2019 | 02:13

The EIA said in its regular weekly report that slumped by almost 4 million barrels in the week to May 3, versus forecasts for a build of 1.2 million barrels. The row has already dragged on economic growth in Asia and a breakdown in Sino-American negotiations could call global crude demand forecasts into question, said John Kilduff, a partner at Again Capital Management LLC.

by | May 10, 2019 | 01:49

This, commentators said, is testimony to Bitcoin's superiority over other cryptocurrencies; the hackers chose to steal it because they knew there was next to no chance of a reorg succeeding. If this roll-back, essentially the same as a 51% attack, was seriously discussed at any point between Binance and Bitcoin developers, then this is a very serious course of action that should now be investigated by all of us involved in the industry, to ensure the integrity from those with authority", ...

by | May 09, 2019 | 00:33

Congressional Democrats have always been trying to force Trump to provide his tax returns , but the U.S. president has repeatedly stated the documents were being audited by the Internal Revenue Service and thus could not be released. Sometimes considered 'tax shelter , ' you would get it by building, or even buying. During the years in question, Trump's core businesses, including hotels and casinos, lost a total of $1.17 billion and he posted bigger losses than nearly any other individual ...

by | May 09, 2019 | 00:32

For example, in 1985 Mr. Trump reported losses of $46.1 million from what the Times called his core businesses of casinos, hotels and retail space in apartment buildings. This may well mean he has good accountants, but it does not make Trump a smart businessman. "You always wanted to show losses for tax purposes, nearly all real estate developers did - and often re-negotiate with banks, it was sport ", Trump wrote.

by | May 07, 2019 | 01:16

For 10 months, China has been paying Tariffs to the United States of America of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. Media reported , citing sources, that China was mulling over the possibility of scraping the next round of talks after Trump's statement . The Shanghai Composite index closed 5.6 per cent lower at 2,906.46 after plunging more than 6 per cent earlier in the session.

by | May 06, 2019 | 01:46

U.S. President Donald Trump raised pressure on China over trade negotiations on Sunday by saying U.S. tariffs on certain Chinese products will increase to 25% on Friday and that more Chinese goods will face additional tariffs. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing, China April 27, 2018. Once he took office, Trump's relationship with his Chinese counterpart, Xi Jinping, seemed to get off to a good start.

by | May 06, 2019 | 01:45

The unemployment rate fell to 3.6 percent, the Labor Department said Friday, the lowest since 1969. And in the end, the government reported that the USA economy grew at a 3.2 percent annual rate in the January-March period - the strongest pace for a first quarter since 2015.

by | May 06, 2019 | 01:25

If an agreement is reached between the FTC and Facebook , CEO Mark Zuckerberg will become the company's "designated compliance officer" and will be responsible for ensuring that the company's privacy policies are enacted. In comments to the Post earlier this week, Zuckerberg hinted at the FTC's likely impact on Facebook's future, saying he thought news stories focusing on the unprecedented size of the expected fine missed the significance of the settlement.

by | May 05, 2019 | 01:44

Standing pat was exactly what economists who cover the Fed were expecting. The central bank raises interest rates to reduce inflation and cuts rates to spur economic growth. Fed fears over low inflation had been mounting, with Powell recently calling it "one of the major challenges of our time ". Diane Swonk, chief economist at Grant Thornton, said much of the blame for the financial market turmoil and economic slowdown previous year "may be traced to the administration's own threats of a ...

by | May 05, 2019 | 01:24

OverActive Media is a global esports company that owns the "Overwatch" League's Toronto Defiant, while c0ntact Gaming is the parent company of the " Overwatch " League's Paris Eternal team. This then led to Johnson talking about what the team has in store for Call of Duty at the moment. Activision , which continues its esports push, also revealed the first five franchises of its new city-based Call of Duty league, which follows its highly successful Overwatch league .

by | May 05, 2019 | 01:18

Bank of England , GBP price, news and analysis: The Bank of England has left United Kingdom monetary policy on hold, as economists had predicted, but the minutes of its latest meeting and its quarterly Inflation Report are both hawkish. The Bank said: "The underlying pace of GDP growth appeared to be slightly stronger than previously anticipated, but marginally below potential". The BoE's position that higher borrowing costs will be needed in future represents a more hawkish stance than ...

by | May 05, 2019 | 01:10

Amazon's stock, up 27% this year at Thursday's close, climbed 2.1% in pre-market trading in New York Friday. Buffett has been prepping shareholders for the possibility of more stock buybacks , a move he's largely shunned throughout his more than six-decade career.

by | May 03, 2019 | 01:00

Asked whether there was a case building to cut rates to push the price measure closer to the target, Powell told reporters factors that "appear to be transient or idiosyncratic", such as clothing and airfares, are likely behind the low inflation rate.

by | May 03, 2019 | 01:00

Nevertheless, most analysts expect the iPhone malaise to persist at least through the fall when Apple traditionally unveils its latest models. Giving an impetus to its India manufacturing plans, Apple has started the assembling of iPhone 7 at its supplier Wistron's facility in Bengaluru.

by | May 03, 2019 | 00:59

Facebook Dating is available in Colombia, Thailand, Canada, Argentina, Mexico, Philippines, Vietnam, Singapore, Malaysia, Laos, Brazil, Peru, Chile, Bolivia, Ecuador, Paraguay, Uruguay, Guyana, and Suriname. Facebook is also expanding into the dating game, with a new feature that will let users create private lists of their " secret crushes " within their circle of friends.

by | May 02, 2019 | 00:35

The Tusk Trust prototype will be used at Kenya's Borana Conservatory where it will tow heavy loads and carry supplies across the conservatory's 14,000 hectares of unforgiving terrain, including river crossings. On-road dynamics were "honed" at the Nürburgring while all-terrain credentials were tested on the muddy roads of Eastnor, the rocky trails of Moab in Utah, and the sand dunes of Dubai.

by | April 29, 2019 | 01:57

Uber is aiming for a valuation of $91.5 billion for its upcoming initial public offering . One advantage Uber will likely seek to play up to investors is that it is the largest player in numerous markets in which it operates. But the pricing target - still subject to change - fell below earlier ambitions of a valuation of more than $100 billion for the firm operating in some 700 cities around the world.

by | April 29, 2019 | 01:46

Data shows that the first eleven months of fiscal year 2018-19 saw Iran's share in India's crude oil imports at 9 per cent. It led to a further jump in the global oil price on the expectation of reduced supply , with OPEC already planning cuts and production and export issues in Libya and Venezuela, and is likely to hit an Iranian economy for which oil is a major source of revenue.

by | April 29, 2019 | 01:43

This wall plug adapter shipped from 2003 to 2010 with Mac and certain iOS devices , and was also included in the Apple World Travel Adapter Kit. Apple has recalled certain plug adapters in the United Kingdom over fears they could cause an electric shock.

by | April 29, 2019 | 01:40

Since 2015, US and California regulators have cracked down on automakers cheating on emissions testing after Volkswagen's use of defeat devices became public knowledge. The first vehicle Ford is reviewing is the 2019 Ranger pickup truck. Ford said in February that it may have taken a flawed approach to calculating the effect of aerodynamic drag and tire friction on the fuel economy of its vehicles outside of testing labs.

by | April 28, 2019 | 00:28

Air India senior executives, including CMD, Directors, Station Heads rushed to airports to take control of situation & facilitate pax. Due to a breakdown in the server system flights were affected all over the world. "Our priority remains, as always, to ensure a stable system where customers can conduct business efficiently and effectively, and we are undertaking a full investigation to understand the root cause and prevent a recurrence", it said in a statement to PTI.

by | April 27, 2019 | 01:14

Brian Olsavsky, Amazon's chief financial officer, said the shift means costs will rise as it hires more workers and builds more warehouses to pack and ship orders. "The buildings will be retrofitted for different purposes, including sorting centers, print-on-demand book facilities and Amazon Fresh delivery hubs", according to the article.

by | April 26, 2019 | 00:25

RBC Capital Markets estimates that AWS leads the cloud computing space with about 50% market share. This solution to Apple's cloud service challenges seems to be temporary, though, as the company has been investing heavily in building its own infrastructure.

by | April 25, 2019 | 00:40

Rivian's electric-vehicle lineup includes the five-passenger R1T pickup truck and the seven-passenger R1S SUV . Before that, Rivian had raised $450 million from other private investors and companies, including Abdul Latif Jameel, an investment firm that is also the Toyota distributor for Saudi Arabia, and the USA arm of Japan's Sumitumo Corporation, a conglomerate of businesses involving metals, aircraft leasing, and railroads.