Economy

Economy Huawei 5G push unfazed by U.S. sanctions
Author: 0 Huawei 5G push unfazed by U.S. sanctions

Huawei was in hot water for some time as the U.S. had asked the companies to stop any kind of trading with the Chinese company and caused a national emergency saying that the Huawei 5G equipment is spying the country. An earlier report quoting an official at the Ministry of Industry and Information Technology said that the big three telecom carriers are likely to build 80,000 to 90,000 5G base stations this year.

Economy Google Maps detour trapped around 100 drivers in Colorado
Author: 0 Google Maps detour trapped around 100 drivers in Colorado

Eventually, the street turned into a dirt road. As Connie Monsees explains to ABC News, she was on her way to Denver International Airport to pick up her husband when she ran into a traffic jam. "There were a whole bunch of other cars though, and so I thought, 'Oh OK, here we go, it should be OK'". Open the Google Maps app again and enter the destination location and hit the Direction button.

Economy Lagos ranks fourth as Africa’s most expensive city
Author: 0 Lagos ranks fourth as Africa’s most expensive city

Mercer creates its rankings by comparing the costs of more than 200 items including housing, transportation, food, clothing, household goods and entertainment. At the other end of the table, the cheapest cities are the Tunisian capital, Tunis (209), Tashkent in Uzbekistan (208) and Karachi in Pakistan (207).

Economy First of 2 back-to-back U.S. Democratic debates underway
Author: 0 First of 2 back-to-back U.S. Democratic debates underway

Most important, her status in the race to take on Republican President Donald Trump in the November 2020 election placed her front and center for the Democratic voters watching at home, and she was given ample time at the outset to detail the populist, anti-corporate themes of her candidacy.

Economy Supermarket giant: Carrefour sells China business to Suning.com
Author: 0 Supermarket giant: Carrefour sells China business to Suning.com

In the same period, Carrefour China also had a negative net asset which reached RMB 1.9 billion for its shareholders before this acquisition , said Suning.com, attributing this to the internet's impact on brick-and-mortar retail. 2 economy after years of decline. Despite the fact that Carrefour will look the same to Chinese consumers for some time, this deal indicates that China's economy continues to shift under the surface.

Economy Trump Warns of 'Plan B' on China Trade: Billions More in Tariffs
Author: 0 Trump Warns of 'Plan B' on China Trade: Billions More in Tariffs

U.S. President Donald Trump and China's President Xi Jinping meet business leaders at the Great Hall of the People in Beijing, China, November 9, 2017. Trump on Wednesday said he could consider placing a 10% duty on another $300 billion or so of Chinese goods rather than 25%. This prompted Trump to raise tariffs to 25 percent from 10 percent on $200 billion of Chinese goods.

Economy Blackberry on more secure footing as Cylance deal pays dividends
Author: 0 Blackberry on more secure footing as Cylance deal pays dividends

The stock fell as much as 10.1% but is down about 9% as of 12:30 p.m. EDT. BlackBerry Ltd . reported it had a $35-million USA loss with $247 million of revenue in the first full quarter since it bought Cylance , which represents a new generation of technology for the company.

Economy Microsoft, Nintendo, and Sony jointly oppose Trump’s tariffs
Author: 0 Microsoft, Nintendo, and Sony jointly oppose Trump’s tariffs

It is estimated, according to the letter, that 96% of all game consoles were constructed in China in 2018. All the recent talk from games companies about their incredible, next-gen consoles might be for nothing if the tariffs go into effect and the price climbs out of the reach of average video game consumers.

Economy It's official! Amazon Prime Day dates confirmed
Author: 0 It's official! Amazon Prime Day dates confirmed

The deals on eBay aren't content to just be around in case Amazon messes up though. They will be available exclusively from Amazon for a limited time, and you could be the first to get your hands on them. Prime Day also will allow members to shop "thousands of products", the company said. eBay's offers also come with its " Best Price Guarantee ", which promises that if you find an item for less on a competitor's website, eBay will give you 110% of the price difference on any eligible ...

Economy DJI denies sending drone data to China
Author: 0 DJI denies sending drone data to China

The letter to the U.S. Senate Commerce, Science, and Transportation Subcommittee on Security is a more lengthy response to last week's hearing. In the letter, DJI responds to hearing witnesses' incorrect speculation about the company's data security practices, writing: "The unsubstantiated speculation and inaccurate information presented during [the] Subcommittee hearing will put the entire USA drone industry at risk, causing a ripple effect that will stunt economic growth and handcuff ...

Economy Mnuchin says U.S. is on
Author: 0 Mnuchin says U.S. is on "path to complete" China trade deal

Mnuchin's comments is getting wider airing now and is prompting a move higher in equities and bond yields. The stalled trade talks gave way to escalating tariffs between China and the US, prompting fears of a global slowdown as two of the world's most powerful economic engines were stalled by trade conflict.

Economy Chipmaker Micron resumes shipments to Huawei after nosedive in quarterly revenue
Author: 0 Chipmaker Micron resumes shipments to Huawei after nosedive in quarterly revenue

In the third quarter of previous year, Micron reported $7.8 billion in revenues. Micron makes chips used as the main memory in computers and as storage in mobile devices. Cassidy said he's concerned that President Donald Trump's administration might see the resumption of shipments to Huawei as undermining its goal of putting pressure on the Chinese in trade negotiations and take other actions.

Economy Boris Johnson challenges rival to back Brexit deadline
Author: 0 Boris Johnson challenges rival to back Brexit deadline

Former foreign minister Boris Johnson is the favourite in the race, battling Britain's current top diplomat Jeremy Hunt. Johnson is known for his big personality but has been keeping a low profile during the campaign, in what appears to be a bid by his team to stop him from making any major gaffes.

Economy Trump denies he threatened to demote Fed chairman Powell
Author: 0 Trump denies he threatened to demote Fed chairman Powell

Trump has been very critical of Powell and slammed the head of the US central bank for leaving interest rates unchanged. Fed officials last week said they believed the economy was strong enough to handle the current setting of short-term interest rates but that they were ready to cut rates if the economic outlook didn't soon improve.

Economy Gold soars to six-year high as trade, Iran tensions mount
Author: 0 Gold soars to six-year high as trade, Iran tensions mount

Benchmark Shanghai composite lost 0.87 percent while Hong Kong's Hang Seng index slipped 1.21 percent at the final hour of trading. Despite the Fed upholding the line that no rate cuts in 2019, markets believe at least three rate cuts will come with the first in late July.

Economy Bitcoin Price (BTC) Sets New 2019 High: Stage Set For $12K?
Author: 0 Bitcoin Price (BTC) Sets New 2019 High: Stage Set For $12K?

The largest cryptocurrency had a furious run higher in late 2017 that culminated with a top above $19,500, before an almost-as-relentless move downward over much of 2018. "The market has matured greatly since the last time Bitcoin crossed $10,000", said Matt Greenspan, a senior market analyst at eToro. At press time, the crypto is trading at $12,638.03 and it this rate it will soon hit the $13K mark.

Economy China asks for suspension of Canadian meat, citing forged certificates
Author: 0 China asks for suspension of Canadian meat, citing forged certificates

The move comes on the eve of the G20 leaders summit in Japan, which brings together leaders of the leading 20 industrial and developing nations, including Canada, China and the U.S. -China trade talks and severely damaging Beijing's relations with Ottawa. The meeting will be first since trade talks between the world's two largest economies broke down previous year.

Economy Bombardier sells regional jet business to Mitsubishi
Author: 0 Bombardier sells regional jet business to Mitsubishi

That means the jobs of about 1,400 of the 1,600 employees who work on the CRJ - almost half are in Canada - appear safe long-term. "We are very pleased to announce this agreement, which represents the completion of Bombardier's aerospace transformation", said Alain Bellemare, Bombardier's President and Chief Executive Officer.

Economy BMW Vision M Next revealed
Author: 0 BMW Vision M Next revealed

It also offers a glimpse into a laser-led future, debuting Laser Wire lighting technology which uses glass fibres coated with phosphorous, which can then be used to make much more intricate shapes. Somewhat unusually for a modern concept vehicle, the Vision M NEXT doesn't eschew internal combustion altogether. Of course, radical prototypes are one thing, but is there a production vehicle based on the M Next concept in some form? More than half of those models will be fully electric.

Economy Led 'Peace to Prosperity' workshop kicks off in Bahrain
Author: 0 Led 'Peace to Prosperity' workshop kicks off in Bahrain

Kushner called the plan "a great effort" but said that "if that was where a deal was going to be made, a deal would have been made a long time ago". Halie Soifer, executive director of the Jewish Democratic Council of America, argues that the Trump administration's approach is hypocritical given the fact that it cut funding to United Nations relief agencies and other development programs that aimed to help Palestinian communities.

Economy Fed Pushes Back on Aggressive U.S. Rate Cut Views
Author: 0 Fed Pushes Back on Aggressive U.S. Rate Cut Views

Asked later about the possibility of disappointing markets by not delivering a cut, Powell added, "We're not in the business, really, of trying to work through short-term movements in financial conditions". "But we won't make mistakes of integrity or character". But risks to that outlook have grown, he added, as recent progress on resolving trade disputes had deteriorated, producing greater uncertainty.

Economy AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan
Author: 0 AbbVie looks beyond Humira with $63 billion deal for Botox-maker Allergan

AbbVie has repeatedly hiked Humira's monthly list price, from $1,524 in 2009 to $5,174 this year, to squeeze extra billions from it. Allergan shareholders will receive 0.8660 AbbVie shares and $120.30 in cash for each share held, for a total consideration of $188.24 per Allergan share, a premium of 45 per cent to the stock's Monday close.

Economy Amazon Prime Day 2019 Date And Deals Announced
Author: 0 Amazon Prime Day 2019 Date And Deals Announced

The summer shopping event feels just as engraved in our brains as Black Friday, so it's always a shocker to remember that Prime Day has only been around since 2015. It'd probably easier for me to list off what Amazon doesn't sell instead of telling you what's going to be up for grabs over the two-day mega sale.

Economy White House confirms Trump meetings with Putin, Modi, Xi & others at G20
Author: 0 White House confirms Trump meetings with Putin, Modi, Xi & others at G20

Both the Chinese and U.S. teams are making preparations for the Xi-Trump meeting, said China's Assistant Minister of Foreign Affairs Zhang Jun at the briefing. The trio will meet again in September in Vladivostok for the Eastern Economic Forum where Mr. Modi will be the chief guest. "The president [Trump] is anticipating meeting with President Putin at the G20", the official said on Monday.

Author: 0 US Slaps Iran's Supreme Leader Khamenei With ‘Hard-Hitting' Sanctions

Later on Monday , US Treasury Secretary Steve Mnuchin said new sanctions will target "those responsible for recent activity", including Iranian naval commanders. Many blame President Trump and his maximalist policy on Iran, which has seen him pull out of Tehran's 2015 nuclear deal with world powers and levy punishing USA sanctions on the country.

Economy Trump targets Iran's leaders with new round of sanctions
Author: 0 Trump targets Iran's leaders with new round of sanctions

After Trump spoke, Treasury Secretary Steven Mnuchin appeared in the White House briefing room and said the sanctions would also hit the commander of Iran's air force, who he said is responsible for the shooting down of the unmanned, USA surveillance aircraft last week.

Economy Eldorado Resorts buying Caesars, Harrah's
Author: 0 Eldorado Resorts buying Caesars, Harrah's

Eldorado Resorts, a regional casino operator with 26 properties in 12 states, will acquire Caesars in a cash-and-stock deal valued at about $17.3 billion. By the end of the first quarter of this year, Icahn had reportedly built up at least a 15 percent stake in the company, perhaps as much as 18 percent.

Economy Air Canada passenger Tiffani Adams says she was abandoned on
Author: 0 Air Canada passenger Tiffani Adams says she was abandoned on "freezing" plane

After the ordeal, Adams noted that an Air Canada vehicle drove her to speak with a representative who offered to book her a limo and hotel for the night. Thomas, Ontario, told CTV News in an interview that aired over the weekend. "I was so overjoyed when I found a flashlight in the cockpit and I'm making some flashy SOS signals out the windows hoping someone sees me".

Author: 0 Raspberry Pi 4 Launches for $35

With the new power-plant of a Broadcom BCM2711 SoC, the RasPi 4 yields a 4-core Cortex-A72 configuration running at 1.5GHz. There are two USB 3.0 and USB 2.0 ports . The new model is a significant upgrade compared to the Raspberry Pi 3 Model B + that was launched in March past year, even though its design may suggest otherwise.

Economy Opposition candidate wins rerun of Istanbul mayoral election
Author: 0 Opposition candidate wins rerun of Istanbul mayoral election

Turkish President Recep Tayyip Erdogan has suffered the biggest defeat of his political career as the opposition party candidate for mayor of Istanbul won the re-election. "Mr President, I am ready to work in harmony with you". The decision to re-run the vote was criticized by Western allies and caused uproar among domestic opponents who said Turkey's democracy was under threat.

Economy RBI deputy governor Viral Acharya resigns
Author: 0 RBI deputy governor Viral Acharya resigns

Acharya, the youngest deputy governor post-economic liberalisation, who joined the RBI in January 2017 was elevated to the post of governor in September 2016. Though officials in the Ministry of Finance initially tried to smoke the peace pipe at the central bank's meeting last November, eventually, it led to the exit of the then RBI Governor Dr Urjit Patel the following month.

Economy Woman wakes up alone on dark, parked plane
Author: 0 Woman wakes up alone on dark, parked plane

She woke up several hours after landing only to find herself alone in the dark-"I'm talking pitch black", she said-onboard a cold, empty plane. 'I think I'm having a bad dream, ' Adams recalled thinking as she awoke in the gloomy and desolate cabin.