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Business

Back in February, the directors of a number of USA intelligence agencies, including the CIA and Federal Bureau of Investigation, testified before the Senate Intelligence Committee to recommend that Americans not use products from ZTE for fear that it would provide China with "the capacity to conduct undetected espionage".
  • Canada’s Trade Deficit Narrows to Six-Month Low

    Canada’s Trade Deficit Narrows to Six-Month Low

    Business

    The federal government agency said Canada's exports increased 1.6 per cent to a record $48.6 billion in April, marking a sixth increase over the past seven months. There could be imports of more Chinese goods in May to take advantage of lower prices before the tariffs kick in. That's a good sign for an economy that will need the export sector to make a bigger contribution to growth as consumers scale back.
  • Nikkei says iPhone orders down 20% in 2018. But, meh

    Nikkei says iPhone orders down 20% in 2018. But, meh

    Business

    The report suggests Apple is moving aggressively to make both of those models and a Plus-sized version of the iPhone X available in September, solving touch and depth-sensing screen production issues that were said to be endangering the launch of the lowest-cost model.
  • Donald Trump exhausted of Theresa May's 'school mistress' tone

    Donald Trump exhausted of Theresa May's 'school mistress' tone

    Business

    On the eve of the G-7 summit in Canada , the US president lashed out at host Justin Trudeau and the White House announced Donald Trump would skip some of the sessions. "If we don't react to this unilateral and illegal decision from the USA this would not be correct", Macron said at a joint news conference . "A trade war doesn't spare anyone", he said.
  • Google says it's AI software can't appear in weapons,

    Google says it's AI software can't appear in weapons, "unreasonable" surveillance

    Business

    In addition, Pichai outlined four areas where Google will not develop or deploy AI. "As a leader in AI, we feel a special responsibility to get this right". Google's $800 billion parent company, Alphabet, is considered one of the world's leading authorities on AI and employs some of the field's top talent, including at its London-based subsidiary DeepMind.
  • Coinbase ‘On Track’ to Receive SEC Registration, List Blockchain Securities

    Coinbase ‘On Track’ to Receive SEC Registration, List Blockchain Securities

    Business

    The broker-dealer status may also offer Coinbase a strategic advantage at a time when several large, well-funded companies, including Circle and Robinhood , are moving to compete for cryptocurrency customers. Circle also plans to seek a federal banking license to provide more services to customers. Under federal law, companies that buy and sell securities must either register as a national exchange or be covered by an exemption.
  • May finds cabinet compromise with Brexit fall-back plan

    May finds cabinet compromise with Brexit fall-back plan

    Business

    Ireland can not agree to a time-limited version of a post-Brexit backstop arrangement that guarantees the retention of an open border between it and Northern Ireland , Prime Minister Leo Varadkar said on Thursday. According to the prime minister's deputy spokeswoman, May held "constructive" discussions with Davis, as well as separate meetings with International Trade Secretary Liam Fox and Foreign Secretary Boris Johnson - both prominent Brexiteers.
  • Job Openings in U.S. Increased in April to Record 6.7 Million

    Job Openings in U.S. Increased in April to Record 6.7 Million

    Business

    Through the first five months of 2018, employers have added an average of 207,000 workers to their payrolls each month, outpacing 2017's average monthly growth of 182,000 and running counter to the general expectation for hiring to slow down as the labor market tightens.
  • Outage delays opening of London Stock Exchange

    Outage delays opening of London Stock Exchange

    Business

    Shortly after the exchange opened, the benchmark FTSE 100 index was up 0.28 percent. The exchange is now slated to open at around 9.00 a.m., according to numerous reports. "All this while volumes are driven up by algorithm trading". LSE in recent months has also experienced issues with its regulatory news announcements.
  • Poundworld faces collapse within days if sale talks fall through

    Business

    The company's founder, Chris Edwards, is thought to be trying to find backers for a rescue bid, but is running out of time ahead of the next rent payment date, which is 24 June. Several retailers have shown significant financial distress this year, with both Maplin and Toys R Us disappearing from the high street. House of Fraser (HoF) is expected to be the latest retailer to turn to a CVA in the coming days amid pressure from its bank lenders on its Chinese shareholder to pump fresh capital ...
  • Former British Airways pilot admits being over alcohol limit

    Former British Airways pilot admits being over alcohol limit

    Business

    For pilots, the prescribed limit is 20mg. But Emlyn Jones, defending, told the court his client had drunk well in advance of the time he was due to take up his responsibilities. "He has been a pilot his whole life, and that has gone", he added. He has been punished enough'. He is scheduled to be sentenced later in June. This was rejected by chair of the bench Dr David Wiggins, who said: "I have to say the comparison to drink-driving is somewhat spurious in these circumstances".
  • New Study Says Even

    New Study Says Even "Clean" Diesels Are Failures

    Business

    Therefore even the perceived cleanest diesel and petrol cars still produce more NOx than the standard dictates. The TRUE Initiative claims that around 750,000 records were kept, and of this 750,000, just 9% of Euro 6 diesel cars were not given a red rating, while none were given a green rating.
  • Heinz Salad Cream to be renamed after 104-years of production

    Heinz Salad Cream to be renamed after 104-years of production

    Business

    Which is a bit like changing the name of tomato ketchup to "chips sauce" or HP renaming its sauce something like "bacon sandwich lubricant" or milk suddenly being called "cereal softener" or "tea lightener". United Kingdom sales of the brand dipped 5.4 per cent to £28.8million a year ago. Its ingredients include vinegar, rapeseed oil, sugar, cornflour, mustard and egg yolks, giving it a little more kick than a traditional mayonnaise.
  • Google-backed flying auto project closer to take-off

    Google-backed flying auto project closer to take-off

    Business

    Kitty Hawk , funded by Page, unveiled a "Flyer" model that it has described as "an exciting first step to sharing the freedom of flight". The other, dubbed Cora , is a two-seat electric aircraft with 13 rotors that takes off and lands vertically and is designed as a transportation alternative in cities.
  • Lord & Taylor’s Manhattan flagship store to close

    Lord & Taylor’s Manhattan flagship store to close

    Business

    Foulkes said on Tuesday after the department-store retailer released first-quarter results that missed analysts' expectations. Absent these charges, the company said, gross profit as a percentage of sales would have improved 90 basis points.
  • David Koch stepping down

    David Koch stepping down

    Business

    Over the years, David Koch has donated millions of dollars to a variety of organizations and causes both political and non-political. Among his most recent donations are $100 million he gave to the David H. The multi-million dollar campaign will include paid media, activist education grassroots mobilisation, lobbying and political analysis meant to promote free trade and oppose tariffs.
  • Barrie, Innisfil land on CAA's list of worst roads

    Barrie, Innisfil land on CAA's list of worst roads

    Business

    CAA releases its Worst Roads List each year, determined by online submissions from the public, to try to shame governments into improving road conditions. "We really want to see the government step up". That portion of the highway was named the worst road in western Ontario Monday as part of CAA South Central Ontario's annual Worst Roads public voting campaign.
  • Criminal Cartel Charges Laid Against ANZ, Citigroup And Deutsche Bank

    Criminal Cartel Charges Laid Against ANZ, Citigroup And Deutsche Bank

    Business

    The charges represent the latest blow to Australia's scandal-plagued financial industry and threaten to further undermine public confidence in big banks in Australia. It had further added that the regulators are now preferring to opt for an investigation by the ASIC regarding the worth of placement of 25.5 million shares which have been accepted by the joint lead managers.
  • Video shows rodents running through burger buns at Delaware Burger King

    Video shows rodents running through burger buns at Delaware Burger King

    Business

    Inspectors reportedly found rodent droppings in the burger buns, as well as in the food storage and prep areas, as well as other issues including a leaking ceiling and flies, The News Journal of Wilmington reported . According to the report, the plastic covering and the rolls inside had been chewed by the rodents. Burger King says it is also investigating the case and will re-open the restaurant once everything is up to code.
  • Virgin Australia First Aussie Airline Offering International Wi-Fi

    Virgin Australia First Aussie Airline Offering International Wi-Fi

    Business

    The Wi-Fi is available now but only on its Boeing 777 aircraft of which they have five. Interruptions while connecting to Wi-Fi are also likely to occur during the flight. For some passengers, a long-haul flight is a welcome break from connectivity, but the survey found three-quarters would enjoy their flights more if they could stay connected.
  • Windowless planes? Emirates chief reveals vision for aircraft with 'virtual' portholes

    Windowless planes? Emirates chief reveals vision for aircraft with 'virtual' portholes

    Business

    And why stop there? So predicts Emirates Airlines chief Tim Clark. Emirates Airline has debuted its new first class suite for the Boeing 777-300ER, which boasts virtual windows that link to the outside world with fibre-optic cameras. "Now you have one fuselage which has no structural weaknesses because of windows", Clark added. The windowless aircraft will be shown off in the United Kingdom for the first time tomorrow when Emirates starts its daily service from Stansted to Dubai.
  • No agreement yet between US, China on ZTE: Trump aide

    No agreement yet between US, China on ZTE: Trump aide

    Business

    ZTE plead guilty to conspiring to violate United States sanctions against Iran and North Korea in a USA court previous year. Reuters is reporting that there is now an "agreement in principle", although the Commerce Department says "no definitive agreement has been signed by both parties".
  • Saudi Arabia 'revisiting' policy on oil output cuts, India says

    Business

    Brent pared losses late in the session, settling down 2 cents at $75.26 a barrel. The Organization of the Petroleum Exporting Countries and Russian Federation will meet on June 22-23 to decide how much production they will increase as global inventories have tightened while Venezuela's production has dropped more than expected.
  • GM to expand driver assistance feature to all Cadillacs in 2020

    GM to expand driver assistance feature to all Cadillacs in 2020

    Business

    However, 2020 is still quite a ways off, so it's possible that Super Cruise could receive some pretty significant feature additions during the next couple of years. Second, Super Cruise comes with a proper driver-monitoring system. If that sounds like an ambitious plan, it gets better: Cadillac wants to accomplish this goal during 2020.
  • European Union sets July timeframe for USA tariff reprisals

    Business

    As a result, European Union producers now have to put up with a 25-percent tariff on steel exports and a tariff of 10 percent on aluminum shipments to the United States . The world's largest trading bloc notified the World Trade Organization (WTO) of the plan, and will impose additional duties of about $4.2 billion (3.6 billion euros) in three years' time if the case is ongoing, or after the WTO rules in favor of the EU.
  • Bayer To Complete Monsanto Acquisition

    Bayer To Complete Monsanto Acquisition

    Business

    Around the turn of the 20th century, she married a man named John Francis Queeny. Monsanto is also moving to invest more deeply in advanced tools for gene editing, a process that can be capitalized on for agricultural purposes to make cheaper but higher-quality produce.
  • Qantas bows to China's wishes on naming of Taiwan as a territory

    Qantas bows to China's wishes on naming of Taiwan as a territory

    Business

    The spread of "Taiwan, China" on the drop-down menus and maps of airline websites represents another victory for China's President Xi Jinping and his ruling Communist Party's nationalistic effort to force foreign companies to conform to their geopolitical vision, even in operations outside of China.
  • Euro climbs as Italy risks ease, markets rally

    Euro climbs as Italy risks ease, markets rally

    Business

    Giuseppe Conte was nominated last month by the anti-establishment 5-Star Movement and far-right League parties to lead their coalition government. Italy's new populist coalition has won a confidence vote in the Senate, with lawmakers in the upper chamber approving its cabinet and government program.
  • European Union to impose retaliatory tariffs on USA starting in July

    European Union to impose retaliatory tariffs on USA starting in July

    Business

    Sefcovic said that formalities in finalizing the list should be completed this month. The EU said it will impose the "rebalancing" tariffs on about $3.3 billion (2.8 billion euros) worth of USA steel, bourbon, agricultural products including sweetcorn, orange juice, cranberries and certain clothing made of cotton.
  • Centre likely to announce Rs 8,000-crore relief package for sugarcane farmers

    Centre likely to announce Rs 8,000-crore relief package for sugarcane farmers

    Business

    India has made a decision to build a 3 million tonne stockpile of sugar to soak up excess supply from the domestic market, and grant soft loans worth Rs4,440 crore to help millers expand ethanol output capacity, the food minister said. CCEA has also chose to fix the minimum selling price of white/refined sugar at Rs 29 per kg and impose stock holding limits on sugar mills, Food minister Ram Vilas Paswan told reporters here.
  • Plane makes Emergency Landing Over Passenger’s Unbearable Body Odour

    Plane makes Emergency Landing Over Passenger’s Unbearable Body Odour

    Business

    The number of passengers impacted by the odor caused the captain of the flight to call for an emergency landing , and crew members attempted to keep the man inside the bathroom while the plane was diverted. "The smell was literally unbearable... the impression that he was not bathed in weeks", - said one of the passengers. Transavia confirmed that a man had been removed from the flight for "medical reasons, but it is indeed right that he smelled quite a bit", according to Euro Weekly News .
  • India Joins Emerging Markets by Raising Key Interest Rate

    India Joins Emerging Markets by Raising Key Interest Rate

    Business

    The repo rate is pegged at 6.25% from the earlier 6% and the reverse repo rate has been raised to 6% from the earlier 5.75%, in the June bi-monthly meet. Data show India's foreign-exchange reserves have fallen by $14 billion in the past six weeks as the RBI is said to have stepped up intervention to support the currency.
  • Alia Bhatt, Arjun Kapoor, Aditi Rao Hydari campaign for the #BeatPlasticPollution cause

    Alia Bhatt, Arjun Kapoor, Aditi Rao Hydari campaign for the #BeatPlasticPollution cause

    Business

    We are drowning in plastics. New Delhi has tried repeatedly over the past decade to ban the use of thin plastic bags, most recently announcing a heavy fine for rule-breakers. Union Environment Secretary CK Mishra said 96 ministries had participated in the celebrations due to the "growing concerns" about environment. "Tagging @AnushkaSharma @RanveerOfficial & @ParineetiChopra to take up the challenge & inspire others to choose a sustainable future".
  • Buffalo Wild Wings apologizes for vulgar tweets

    Buffalo Wild Wings apologizes for vulgar tweets

    Business

    It's also uncertain if Buffalo Wild Wings employed two-factor authentication, a common security feature and best practice for locking down Twitter accounts. "Well, we were hacked". Buffalo Wild Wings signed on with Arby's as an official marketing partner back in 2016. " Buffalo Wild Wings' Twitter account was hacked ", a spokesperson for the company said in an emailed statement.