Economy

Economy Intel and Qualcomm are lobbying against Huawei ban fearing losses of $11bn
Author: 0 Intel and Qualcomm are lobbying against Huawei ban fearing losses of $11bn

The ban has forced companies, including Alphabet Inc's Google and British chip designer ARM , to limit or cease their relationships with Huawei . Huawei had not expected that United States determination to "crack" the company would be "so strong and so pervasive", Mr Ren said, speaking at the company's Shenzhen headquarters today.

Economy Edibles, other pot products, will hit shelves after mid-December: Ottawa
Author: 0 Edibles, other pot products, will hit shelves after mid-December: Ottawa

In addition to the timeline for the introduction of legal edibles to the market, government officials released specific regulations on the amount of tetrahydrocannabinol (THC), the compound which produces a high, allowed in each package. Hill Street Beverage Co.'s chief executive Terry Donnelly had hoped that the final regulations would not require separate manufacturing facilities for cannabis-infused goods, but he was pleased to see the final regulations will now allow for the sale of ...

Economy Lawsuit against Amazon over Alexa recordings could involve MI residents
Author: 0 Lawsuit against Amazon over Alexa recordings could involve MI residents

Amazon countered that it has "strict measures and protocols in place to protect [family] security and privacy". One of the lawsuits seeks damages up to Dollars 100 a day while the other wants damages of USD 5,000 per violation. "Neither the children not the parents have consented to the children's interactions being permanently recorded". Alexa does not require each user of the device to authorize recordings of their voice, only the person who sets up the device must consent.

Economy Toyota adding automatic engine shutoff and automatic park to many 2020 models
Author: 0 Toyota adding automatic engine shutoff and automatic park to many 2020 models

The vehicle will automatically shut down a vehicle that has an engine running longer than an extended period of time. In the future, Toyota owners will also get a notification through a smartphone app. It's as straightforward as it sounds: If a driver exits the vehicle without putting it in Park, it will do so automatically. Currently, Toyota vehicles include audible and visual warnings that something is awry.

Economy PetSmart subsidiary sets share price higher than expected
Author: 0 PetSmart subsidiary sets share price higher than expected

Over the past eight years, Chewy's net sales grew from $2 million to more than $3.5 billion, including a almost 68 percent increase from FY17 ($2.1 billion) to FY18 ($3.5 billion). "Today, in the United States, we're only about 14% penetrated from an online point of view", Chewy CEO Sumit Singh said on CNBC's " Squawk on the Street " before the company began trading.

Economy Tires blow on United jet during Newark airport landing, no injuries
Author: 0 Tires blow on United jet during Newark airport landing, no injuries

United Flight 627 from Denver reportedly blew out a tire while landing at 1pm on Runway 22 before skidding off to the left side of the pavement, according to the FAA . Delays were expected until the aircraft was moved, the FAA said via Twitter . Passengers were safely taken off and paramedics were on the scene as a precaution, it said.

Economy Uber eyes drones for food delivery and unveils new autonomous vehicle
Author: 0 Uber eyes drones for food delivery and unveils new autonomous vehicle

IOL reports that the joint engineering agreement between the two firms dates back to 2016 and has resulted in several prototypes hitting the streets in various cities across the globe. In the future, Uber hopes to land the drones on parked vehicles located near each delivery location to allow the final delivery by hand. "By the middle of the next decade we expect one-third of all cars we sell to be fully autonomous", said Håkan Samuelsson, president and chief executive of Volvo Cars .

Economy Crypto exchange Binance blocks USA users from trading
Author: 0 Crypto exchange Binance blocks USA users from trading

In an updated terms of use agreement revised on June 14, the exchange's general site notably stated that "Binance is unable to provide services to any US person". The new platform will be a fiat-to-crypto exchange; however, during the early stages of development, it will probably support a limited variety of crypto, starting with the Binance Coin ( BNB ), Bitcoin and Ether.

Economy OPEC, Russia nearing accord on long term oil supply coordination - Nikkei
Author: 0 OPEC, Russia nearing accord on long term oil supply coordination - Nikkei

World oil demand will rise by 1.14 million barrels per day (bpd) this year, 70,000 bpd less than previously expected, the Organization of the Petroleum Exporting Countries said in a monthly report published on Thursday. OPEC countries and non-member producers including Russian Federation, have limited their oil output by 1.2 million barrels per day this year to prop up prices.

Economy Instagram Users Report Major Outages Worldwide
Author: 0 Instagram Users Report Major Outages Worldwide

According to the live outage map provided by the same site, the issue was pretty global; including North America, South America, Asia, New Zealand, Australia, and Europe. This was confirmed by the official PSN site, who said that issues are affecting the PS4, PS3, and PS Vita platforms. Just days before that, Instagram was hit by a separate outage that left users unable to access their feed, post photos and or view direct messages in the app.

Economy Whataburger to sell majority share to bank
Author: 0 Whataburger to sell majority share to bank

The company's headquarters is expected to stay in San Antonio . Tom Dobson told the Statesman that the decision was exciting and bittersweet, since the business had been part of their family for almost 70 years. Leonard Mazzocco, currently VP of business operations, will become COO and SVP, Rob Rodriguez will move up from SVP of restaurants to chief restaurant operating officer, and James Turcotte, now SVP of real estate, will rise to chief development officer.

Economy Not to be outdone, Tyson enters plant-based meat market
Author: 0 Not to be outdone, Tyson enters plant-based meat market

The blended products are made with real meat. Tyson sold its 6.5% stake in Beyond Meat in late April, just days before the company went public, to focus on the development of its own plant-based products. Nestle, the world's biggest packaged foods group, is aiming to sell a pea-based veggie patty called Awesome Burger under its US plant-based Sweet Earth brand in the fall.

Economy Burger King Will Sell Upside-Down Whoppers To Celebrate ‘Stranger Things’
Author: 0 Burger King Will Sell Upside-Down Whoppers To Celebrate ‘Stranger Things’

In the meantime, the third season of the show is due to hit Netflix in early July. A video posted to Twittershows off the promotional meal, which is really just a Whopper with the buns flipped. there's now a burger. Netflix is an internet company, so associating its brand and shows with physical products helps customers think about its shows even when they're offline, Barry Smyth, head of global partner marketing at Netflix, previously told CNN Business.

Economy Facebook gets big backers for GlobalCoin project
Author: 0 Facebook gets big backers for GlobalCoin project

In a recent tweet , Peter Schiff, a prominent gold investor and libertarian-leaning economist, ventured that Facebook's latest project, dubbed "Globalcoin" and/or "Libra", will be "bad news" for Bitcoin. Given Facebook's infamous security management, the blockchain would supposedly be "far more centralised" than Bitcoins and the company would tap outside firms to help run the system.

Economy Target Offering Same-Day Delivery Via Website
Author: 0 Target Offering Same-Day Delivery Via Website

While we were all watching the e-commerce giant and waiting for it to make the big move, Target went ahead and launched its same-day delivery service. This includes free curbside pickup at 1,400 stores and free in-store pickup at all 1,850 U.S. Target stores. The retailer said in a press release that customers can receive their deliveries in "as soon as an hour" after placing their order.

Economy Target says customers 'unable to make purchases' in stores
Author: 0 Target says customers 'unable to make purchases' in stores

Several shoppers in the store said they didn't know Target was having problems with the registers. And CNN reported at 3 p.m. that the registers had been down for at least 45 minutes. "This is how you bring America to a standstill", one person wrote . "Employees handing out chips", tweeted Hunter Sowards, an anchor for KTRE News in Texas, sharing a video from inside a store.

Economy Cash registers reportedly down at all Target locations nationwide
Author: 0 Cash registers reportedly down at all Target locations nationwide

At some stores, employees passed out snacks and Starbucks beverages to customers while they waited. "Our teams are troubleshooting now and we apologize for the inconvenience". "We will provide an update as soon as possible". Customers on Twitter and other platforms said the registers had stopped functioning during the noon hour, leaving shoppers unable to pay for their items.

Economy Netflix, YouTube, more video games coming to parked Tesla cars
Author: 0 Netflix, YouTube, more video games coming to parked Tesla cars

According to another report from The Verge , Tesla already managed to get Cuphead running on Tesla cars, and it will be released this Summer. Of course the vehicle needs a racing game as you have a steering wheel in front of you. Tesla's in-vehicle gaming system will also support both PlayStation 4 and Xbox controllers.

Economy Bags of King Arthur flour recalled due to E. Coli contamination concerns
Author: 0 Bags of King Arthur flour recalled due to E. Coli contamination concerns

The King Arthur recall covers just the Unbleached All-Purpose Flour in 5-pound bags, lot No. L18A07C with a best by date of 12/07/19; lot Nos. Customers with any questions regarding this recall or King Arthur Flour products are encouraged to call the King Arthur Flour Consumer Hotline 7 days a week/24 hours a day at 866-797-9178.

Economy Jet Airways slips over 16% as bourses impose trading restrictions
Author: 0 Jet Airways slips over 16% as bourses impose trading restrictions

NSE also cited the company's failure to submit its financial results for the year ended March 31 as well as observations made by the airline's auditor as reasons for the move. The airline, which had suspended operations on April 17, has requested teams to identify and make a list of vendors needed for resuming operations as stakeholders are keen to keep the fleet size under 20 aircraft, said people familiar with the matter.

Economy Uber to test drones to deliver McDonald's meals
Author: 0 Uber to test drones to deliver McDonald's meals

The XC90 doesn't feature autonomous software developed by Volvo; instead it's been created to allow Uber to "easily install its own self-driving system, enabling the possible future deployment of self-driving cars in Uber's network as an autonomous ridesharing service".

Economy Huawei Trademarks Its HongMeng Mobile OS In Malaysia
Author: 0 Huawei Trademarks Its HongMeng Mobile OS In Malaysia

Chinese publication Global Times reports that Hongmeng was developed in collaboration with Tencent and according to Vivo, Xiaomi and Oppo, all Chinese smartphone vendors who tested the new OS, found it to be 60% faster than Google's Android.

Economy UK Businesses Should be Better Prepared for No-Deal Brexit Scenario
Author: 0 UK Businesses Should be Better Prepared for No-Deal Brexit Scenario

A small hardcore of ultra-remain Conservative Members of Parliament voted with Labour to act against no-deal Brexit Wednesday night - an attempt that was seen off by the government - but now former attorney general and anti-Brexit rebel Dominic Grieve has said he would try to bring the government down altogether.

Economy Labour narrowly fail in bid to redirect Brexit
Author: 0 Labour narrowly fail in bid to redirect Brexit

The proposal was put forward after two of the candidates in the running to be the next Prime Minister, Dominic Raab and Esther McVey, both suggesting they would prorogue Parliament to stop MPs blocking leaving the European Union without a deal.

Economy Gulf of Oman attacks: Japanese company and United States provide new evidence
Author: 0 Gulf of Oman attacks: Japanese company and United States provide new evidence

After two tankers loaded with petroleum products were attacked in the Gulf of Oman, Iranian officials rejected U.S. claims that Tehran was behind the blasts. " Suspicious doesn't begin to describe what likely transpired this morning ", he wrote on Twitter. One of the officials claimed a United States military aircraft recorded the footage.

Author: 0 Huawei's New Operating System Is Insanely Fast Versus Android

No one knows exactly what will happen to Huawei in around two months, when a USA executive order is (theoretically) set to come into effect , essentially banning the Chinese tech giant from doing business with long-time partners like Google , Qualcomm, Intel , and possibly even Arm , to name just a few.

Economy Weather delay cuts projected corn crop to smallest in 4 years
Author: 0 Weather delay cuts projected corn crop to smallest in 4 years

The USDA is expected to trim its estimates for corn and soybean yields in its monthly supply and demand report due later on Tuesday. Although adverse weather has significantly slowed US soybean planting progress this year, area and production forecasts are unchanged in the USDA report .

Economy Visa announces commercial launch of its B2B Connect network
Author: 0 Visa announces commercial launch of its B2B Connect network

It aims to do this by using a blockchain-based architecture to add in extra security and easy of use, leaving businesses with one less headache to worry about. Velocity, security and control of transactions, as well as lower counterparty risks are essential for a successful business with global partners . The payments company has already signed deals with financial services giant FIS and Bottomline Technologies so that it can enter the SWIFT-dominated inter-bank payments market.

Economy Ford recalls 1.3 million Explorers, F-150s for safety issues
Author: 0 Ford recalls 1.3 million Explorers, F-150s for safety issues

Select 2011-2017 Ford Explorers are being recalled over suspension concerns related to the rear toe link. "A fracture of a rear toe link significantly diminishes steering control, increasing the risk of a crash", the company warns. The company added: 'Depending on vehicle speed, an abrupt transmission downshift to first gear without warning could result in loss of vehicle control, increasing the risk of a crash'.

Author: 0 Uber Elevate plans to deliver Big Macs by drone this summer

Uber said it had developed a proprietary airspace management system called Elevate Cloud Systems that will guide the drones to their location. The drone service is part of Uber's move to the skies as it seeks to develop an aerial ride-sharing network tied in with its smartphone app to help people avoid traffic congestion on the ground.

Economy Oil Prices Rise On Expectations Of Longer Supply Cuts
Author: 0 Oil Prices Rise On Expectations Of Longer Supply Cuts

Oil has tumbled from a 2019 peak above $75 a barrel in April to $61 a barrel now on concerns about weakening demand due to a U.S. Recently, the Russian Energy Minister Alexander Novak remarked that there was a need to control the oil market to take a sensible decision in July.

Economy Fiat Chrysler agrees on self-driving auto technology deal
Author: 0 Fiat Chrysler agrees on self-driving auto technology deal

Neither company offered a time frame for when such vehicles would be on the road. " As part of FCA's autonomous vehicle strategy, we will continue to work with strategic partners to address the needs of customers in a rapidly changing industry ", the automaker's CEO Mike Manley said in the release.

Economy Facebook wants your data so bad it'll pay you for it
Author: 0 Facebook wants your data so bad it'll pay you for it

You'll need to register for the program, after which Facebook will send you a link to its app on Google Play if you're selected to participate. If you've got the app downloaded, Facebook will monitor which apps you have installed on your phone, how long you spend on each one, what you're doing in the apps, and where you're based.

Economy Dropbox relaunches with new user experience, apps and integrations
Author: 0 Dropbox relaunches with new user experience, apps and integrations

Compared to the existing sync client that integrates with Windows File Explorer and macOS Finder, the new desktop app will act like a file manager that can manage both local files and cloud files. Starting today, you'll also be able send files to Slack from Dropbox and vice-versa. You no longer need to log into different cloud services to access different files; Dropbox lets you connect to competing services from the likes of Google and Microsoft to bring it all together.