Economy

Economy Microsoft wants GDPR-style privacy laws for the US
Author: 0 Microsoft wants GDPR-style privacy laws for the US

The Irish watchdog said that complaints were largely against the way Google handles personal information for advertising. "Every time a person visits a website and is shown a "behavioural" ad on a website, intimate personal data that describes each visitor, and what they are watching online, is broadcast to tens or hundreds of companies", Brave's chief policy officer Johnny Ryan explained in a blog post .

Economy Mnuchin says new United States tariffs on China at least one month away
Author: 0 Mnuchin says new United States tariffs on China at least one month away

The report concludes what most private economists have argued for months: that China doesn't pay USA tariffs, American consumers and companies do. Meanwhile, former CEO George Koo stressed that ending tariffs on the two U.S. A day earlier, mobile carriers in Japan and Britain said they would postpone the release of Huawei smartphones. As the trade dispute drags on, battering Chinese manufacturers and raising uncertainty for investors, Beijing has stepped up efforts to sway opinion in its ...

Economy United Kingdom telecoms giant EE says to launch 5G without Huawei
Author: 0 United Kingdom telecoms giant EE says to launch 5G without Huawei

However, BT-owned EE joined rival Vodafone in pulling a Huawei smartphone from its 5G launch line-up because of uncertainty about support by Google's Android after a USA move to block the Chinese firm's access to its technology. "We are now trying to confirm if our customers will be able to use the equipment with a sense of safety ", SoftBank spokesman Hiroyuki Mizukami told AFP .

Economy Australian dollar shackled as market locks in two rate cuts
Author: 0 Australian dollar shackled as market locks in two rate cuts

Morrison's Liberal National coalition promised immediate tax cuts for 10 million middle- and low-income earners - worth up to A$1,080 ($746.28) per person, but his major policy now faces delays. "Given this assessment, at our meeting in two weeks time, we will consider the case for lower interest rates". "Accordingly, we still forecast a 25bp rate cut in June", Owyong said.

Economy Qualcomm stock slips after judge rules it violated antitrust rules
Author: 0 Qualcomm stock slips after judge rules it violated antitrust rules

Judge Koh, in San Jose, found Qualcomm also charged high royalties for its patents, and that its key role in manufacturing modem chips for smartphones using 5G made it likely that its behavior would continue. "Qualcomm's licensing practices are an unreasonable restraint of trade". Specifically, Qualcomm shall report to the FTC on an annual basis Qualcomm's compliance with the above remedies ordered by the Court.

Economy FAA chief has no timetable for Boeing 737 MAX approval
Author: 0 FAA chief has no timetable for Boeing 737 MAX approval

Investigators suggested a flight-control system was to blame for both 737 Max crashes. "Once again corporate greed has placed profits over safety with tragic consequences for the public", Husain said in a written statement. "We're here to assist them in any way we can to get that aircraft flying again". "Every stone in the process will be returned if they deny any responsibility" said the attorney representing the Canadian families.

Economy Netizens back China's Huawei after U.S. ban
Author: 0 Netizens back China's Huawei after U.S. ban

Market research firm Strategy Analytics predicts that Huawei , the world's second largest smartphone vendor, will see its global shipments decrease by 24% in 2019 and another 23% in 2020. Google has announced that they will be blocking Huawei devices from accessing their services . "No matter what happens, no matter what kind of challenges.

Economy USPS to test self-driving truck deliveries
Author: 0 USPS to test self-driving truck deliveries

It has more than 5,500 tractor trailers in its fleet that deliver mail across the country. For the initial trial, the state lines of Texas, New Mexico, and Arizona - their duties will be limited to runs from Dallas to Phoenix for now. During the USPS pilot, the trucks will have a safety engineer and driver on board to monitor vehicle performance and ensure public safety. TuSimple says that the 22 hour trip is ideal for their driverless truck technology because the route would normally be ...

Author: 0 EE launching the first United Kingdom 5G network on May 30

Aberdeen, Bournemouth, Brighton, Cambridge, Dundee, Exeter, Ipswich, Norwich, Plymouth and York are on the list to get 5G coverage in 2020. Apple does not yet have a 5G phone and analysts do not expect it to launch one until 2020 at the earliest.

Author: 0 Huawei’s Android Alternative OS Will Arrive This Fall, Says CEO

The order to USA companies could affect tens of millions of consumers in Europe, its biggest market outside mainland China. Keeping phones up to date and secure is in everyone's best interests and this temporary license allows us to continue to provide software updates and security patches to existing models for the next 90 days.

Author: 0 United Kingdom chip designer ARM complying with new US rules on Huawei

The United States blocked Huawei from buying USA goods last week, jeopardising ties with Google , which provides the Android operating system and services like Gmail and Google Maps, as well as hardware partners such as ARM . One must remember that these trade and collaboration bans don't just affect Huawei, they could also have serious consequences on the levels of income for the likes of Arm, Intel , Microsoft, AMD, Alphabet, Broadcom and others.

Economy Ryanair postpones first Boeing 737 MAX deliveries to winter 2019
Author: 0 Ryanair postpones first Boeing 737 MAX deliveries to winter 2019

Ryanair joined the ranks of other European airlines bracing for a tough year as overcapacity, weaker economies and higher oil prices squeeze profit margins. Ryanair continues to have "utmost confidence" in Boeing 737 MAX, but is postponing the delivery of its first five MAXs at least until the winter of 2019, based on the condition that the USA manufacturer manages to gain back EASA's trust by the time.

Economy Japan's economy grows for two straight quarters
Author: 0 Japan's economy grows for two straight quarters

Some policymakers have called for a delay to the sales tax increase from 8% to 10% given a backdrop of uncertain domestic and global economic conditions. Housing investment climbed 1.1 percent to mark the third straight quarter of growth. Officials at Japan's Cabinet Office released the latest figures on Monday.

Economy Huawei assures Sri Lankan customers after Google suspends deal
Author: 0 Huawei assures Sri Lankan customers after Google suspends deal

Huawei Technologies is one of 69 total non-U.S. affiliates granted the 90-day temporary general license . It said this as the trade war between China and the U.S. But the order presents as "reasonable cause" only the recent indictment of Huawei in an alleged scheme to export networking equipment containing USA technology to Iran, in violation of US law.

Economy Samsung Shares Soar as US Bans Technology Transfer to Rival Huawei
Author: 0 Samsung Shares Soar as US Bans Technology Transfer to Rival Huawei

Shares in tech companies rose Tuesday on the news . But existing models of Huawei smartphones may be unable to access US-based platforms in the future if they update the platform. The Trump administration has consistently denied any link between its actions against Chinese telecom companies and trade talks with Beijing. The 90-day grace period announced Monday by Washington could be extended.

Economy Jaguar Land Rover suffers £3.6bn annual loss amid faltering Chinese market
Author: 0 Jaguar Land Rover suffers £3.6bn annual loss amid faltering Chinese market

Revenue was down £1.6 billion ($3 billion) to £24.2 billion ($45.1 billion), while global sales dipped 5.8% to 578,915 vehicles on the back of dramatically reduced demand in China . The Tata Group company said it saw "encouraging" demand for its new models over the past year, including the Jaguar E-PACE sporty compact SUV, the Range Rover Velar mid-size SUV, the refreshed Range Rover and Range Rover Sport (both including plug-in hybrid options) and the all-electric Jaguar I-PACE .

Economy Huawei’s Android alternative is coming this fall with Android app compatibility
Author: 0 Huawei’s Android alternative is coming this fall with Android app compatibility

Chip experts have called out Huawei on its claims that it could ensure a steady supply chain without US help, saying the technology the Chinese telecoms network gear maker buys from American companies would be "hard to replace". The Commerce Department then moved to blacklist Huawei and 68 related companies from doing business with USA firms. The United States is delaying restrictions on USA technology sales to Chinese tech powerhouse Huawei in what it calls an effort to ease the blow on ...

Economy DressBarn Going Out Of Business, Closing All 650 Stores
Author: 0 DressBarn Going Out Of Business, Closing All 650 Stores

Dressbarn is owned by Ascena Retail Group , the same company behind Ann Taylor , LOFT, Lane Bryant , Catherines and Justice. For more than 50 years, we have been proud to be your go-to fashion destination, providing a great selection at tremendous value.

Economy The Meaningful Reason Why Kim and Kanye Named Their Son Psalm
Author: 0 The Meaningful Reason Why Kim and Kanye Named Their Son Psalm

According to a report in E!News, the name Psalm carries a special connotation for the family. Announced a week after he was born, Psalm's name is Hebrew for "song". Singer and songwriter Sia performed "Elastic Heart" during Kanye West's weekly church service in LA. The other part of the name Psalm refers to music and it makes a lot of sense as well.

Economy Google, Qualcomm, Intel, and Broadcom all cut ties with Huawei
Author: 0 Google, Qualcomm, Intel, and Broadcom all cut ties with Huawei

Holders of current Huawei smartphones with Google apps, however, will continue to be able to use and download app updates. A Huawei phone , which will no longer have access to Google apps. The order - which empowers the U.S. government to ban the technology and services of "foreign adversaries" deemed to pose "unacceptable risks" to national security - did not name specific countries or companies.

Economy Ford is cutting 7000 white-collar jobs
Author: 0 Ford is cutting 7000 white-collar jobs

Ford has been restructuring its operations globally to improve profitability and speed product development, making or announcing cuts in Europe, South America and Russian Federation. Trump has harshly criticised automakers, especially General Motors, for cutting jobs, but has focused primarily on blue-collar cuts at factories rather than white-collar reductions.

Economy FCC chairman endorses Sprint, T-Mobile merger
Author: 0 FCC chairman endorses Sprint, T-Mobile merger

While the FCC's Democrats may vote against the merger approval, Pai's order would be finalized with yes votes from Republican commissioners Brendan Carr and Michael O'Rielly. It also pledged to sell off Boost Mobile, the no-contract carrier that is now owned by Sprint. Within three years, the "New T-Mobile" will market in-home broadband service to at least 9.6 million eligible households, of which at least 2.6 million will be in rural areas.

Economy India’s PM Modi secures second term & stronger majority, exit polls show
Author: 0 India’s PM Modi secures second term & stronger majority, exit polls show

An Indian voter looks on as he casts his vote at a polling booth in a village on the outskirts of Amritsar on May 19, 2019, during the 7th and final phase of India's general election. "The incumbent BJP government has been very reluctant to talk about what they have achieved in the last five years", he said. That will mean that Narendra Modi is likely to create history becoming the first Prime Minister in 48 years to win a majority on own as incumbent Prime Minister.

Economy Huawei CEO speaks out about United States restrictions
Author: 0 Huawei CEO speaks out about United States restrictions

Huawei's chip designsubsidiary also said it had been preparing for this "extreme situation for survival". In a Federal Register notice released on Thursday, the Commerce Department said the curbs, apply to Huawei and 67 of its affiliates scattered across 26 countries from Germany to Madagascar.

Author: 0 Manchester flights cancelled due to fuel supply problems

Flights, which were scheduled to arrive in Aberdeen, as well as departing from the city, have been called off following power issues that affected nearly 70 flights yesterday. However, a "small number of delays and cancellations" are expected on Monday following the power problem interrupting fuel supply. They'll only tell you once you're ON THE PLANE.

Economy Elon Musk Says Tesla Will Run Out of Cash in 10 Months
Author: 0 Elon Musk Says Tesla Will Run Out of Cash in 10 Months

In April 2018, in an email sent to employees, Musk said he had instructed his finance team to "comb through every expense worldwide" to find possible cuts. He admitted the program is " hardcore ", but said it's "the only way for Tesla to become financially sustainable and succeed in our goal of helping make the world environmentally sustainable".

Economy NTSB: Autopilot Was in Use Before Tesla Hit Semitrailer
Author: 0 NTSB: Autopilot Was in Use Before Tesla Hit Semitrailer

Last month, a viral footage showed a Tesla Model S appearing to explode at a vehicle park in Shanghai. San Francisco: After two cases of cars exploding in China, electric vehicle (EV)-maker Tesla is planning to upgrade the battery systems of some of its cars.

Economy Graduation speaker pledges to pay class of 2019 student debt
Author: 0 Graduation speaker pledges to pay class of 2019 student debt

Smith is chairman and chief executive of Vista Equity Partners. According to Fox News, "Smith is the founder and CEO of Vista Equity Partners, a private equity firm that invests in software, data and technology-driven companies". The value of the tremendous gift, in dollars, is estimated at about $40 million. His gift of $20 million was beaten only by Oprah Winfrey's of $21 million .

Economy State employment up in April; unemployment rate drops to 4.3%
Author: 0 State employment up in April; unemployment rate drops to 4.3%

Unemployment in Pennsylvania is at another record low of 3.8%. "Given these conditions", he said, "this is the most favorable Utah job market in 12 years for college and high school graduates to be seeking employment". Education and health service jobs have grown the most over the previous year. The preliminary, seasonally adjusted jobless rate for April is 3.8 percent.

Economy Walmart 'seriously considering' IPO for United Kingdom unit Asda
Author: 0 Walmart 'seriously considering' IPO for United Kingdom unit Asda

The Leeds-based supermarket chain Asda was purchased by Walmart back in July 1999 for 6.7 billion pounds. Judith McKenna, Walmart International CEO, told Asda staff at its mid-year meeting Tuesday in England, that Walmart does not have "a one size fits all approach to operating its international markets", reported CNBC .

Economy Tim Hortons is testing Beyond Meat's fake sausage on its menu
Author: 0 Tim Hortons is testing Beyond Meat's fake sausage on its menu

Jose Cil, chief executive of Restaurant Brands International , said: "RBI is fundamentally a growth company, with three wonderful, iconic brands that we believe have a very long runway for growth - both at home and around the world". In addition to its growth plans, the company also announced it is jumping on the plant-based protein trend. The company said if the GTA test is successful, the products will be rolled out across all Canadian restaurants by the end of summer.

Economy Tesla's Autopilot Was Engaged During Another Fatal Crash
Author: 0 Tesla's Autopilot Was Engaged During Another Fatal Crash

Yet rather than pushing for perfection, the paper argues that the system's imperfections may be what keeps drivers attentive. The NTSB gathered that during the accident, neither the Model 3's ADAS nor the driver, attempted to alter course before the fatal accident.

Economy Canada reaches deal with US to drop steel, aluminum tariffs
Author: 0 Canada reaches deal with US to drop steel, aluminum tariffs

Charles E. Grassley of Iowa, the powerful Finance Committee head, had said they would not approve the North American trade deal while the tariffs were in place. That gives trade negotiators 180 days to work out a deal with Japan and the European Union before resorting to tariffs, which would increase the cost of foreign-made cars and parts in the United States.