Chinese firm ZTE reaches preliminary agreement with United States to restore business

An agreement in principle is not a final agreement but is a step toward it. Commerce Department spokesman James Rockas told Reuters that "no definitive agreement has been signed by both parties". The Chinese company said in June 2017 that it had ... More..

by | Published 16 days ago
by | Thursday, June 07, 2018

ZTE reportedly signs deal that would end export ban

The move will allow the company to get back into the business. Or maybe this will be blocked? It's important to note that this deal is not confirmed, with Commerce Department spokesman James Rockas saying tha...More..

Pat Toomey pushes back against Trump administration tariffs
by | Thursday, June 07, 2018

Pat Toomey pushes back against Trump administration tariffs

President Trump's low approval ratings and the swirl of controversy around the White House have Republican strategists anxious about the party's standing headed toward the fall. If they come up short, those la...More..

by | Thursday, June 07, 2018

Mexico takes aim at Trump and United States midterm elections

The problem with that remark is that British troops were actually responsible for burning down the White House during the War of 1812. Some White House officials are discussing additional economic penalties i...More..

Monetary policy: RBI hikes repo rate by 25 basis points to 6.25%
by | Wednesday, June 06, 2018

Monetary policy: RBI hikes repo rate by 25 basis points to 6.25%

The RBI had earlier cited "administrative exigencies" as the reason for the longer meeting. Also read: RBI may hike rates after four and a half years. India's rate increase comes one week before a Fed pol...More..

U.S. citizen killed in Nicaragua amid unrest
by | Wednesday, June 06, 2018

U.S. citizen killed in Nicaragua amid unrest

People stand next to a coffin of Francisco Javier Zapata, who was shot in recent protests against Nicaraguan President Daniel Ortega's government. It blamed police and Sandinista gangs. On Wednesday, mothers ...More..

Oil climbs, but record US crude output, higher OPEC supplies drag
by | Wednesday, June 06, 2018

Oil climbs, but record US crude output, higher OPEC supplies drag

It's not clear precisely how the request was communicated. Khalid Al-Falih Minister of Energy, Industry and Mineral Resources of Saudi Arabia attends a news conference after a meeting of the Organization ...More..

After 60 years, IHOP is changing its name to IHOB
by | Wednesday, June 06, 2018

After 60 years, IHOP is changing its name to IHOB

A likely candidate proposed by one commenter was "breakfast". The company will announce the likely name change on June 11. Some commenters said the IHOP name change is a hoax or probably just a publicity st...More..

DNA Testing Service MyHeritage Hacked
by | Wednesday, June 06, 2018

DNA Testing Service MyHeritage Hacked

The genetic analysis and family tree website MyHeritage was breached previous year by unknown actors, who exfiltrated the emails and hashed passwords of all 92 million registered users of the site. MyHerit...More..

Elon Musk to remain Tesla chairman after shareholder vote
by | Wednesday, June 06, 2018

Elon Musk to remain Tesla chairman after shareholder vote

Some investors have been unnerved by the company's struggle to speed up production of its more affordable Model 3 auto, which is crucial to the company's long-term profitability. Tuesday's vote also determined ...More..

Google Won't Renew AI Project With Pentagon
by | Tuesday, June 05, 2018

Google Won't Renew AI Project With Pentagon

Google Cloud CEO Diane Greene announced the decision at a meeting with employees Friday morning, three sources told Gizmodo . The head of company's cloud division once told employees that the budget for P...More..

Canadian dollar slips as Trump mulls bilateral NAFTA talks
by | Tuesday, June 05, 2018

Canadian dollar slips as Trump mulls bilateral NAFTA talks

President Donald Trump take part in a joint press conference at the White House in Washington, D.C., on February 13, 2017. The Trump administration said on Thursday it was moving ahead with tariffs on aluminu...More..

Mexico to impose tariffs on USA goods
by | Tuesday, June 05, 2018

Mexico to impose tariffs on USA goods

Cranberries made the list, as did US apples, with a 20% duty. Canada is imposing tariffs on $12.8 billion worth of USA products. "Mexico has the right to take measures with equivalent commercial effects",...More..

Ministers clear 21st Century Fox to buy Sky
by | Tuesday, June 05, 2018

Ministers clear 21st Century Fox to buy Sky

There had been concerns that the 21st Century Fox-Sky deal would give the Murdoch family too much influence over public opinion. 21st Century Fox will be allowed to takeover European pay-TV firm Sky as long...More..

Qatar Air CEO Says a Woman Could Never Do His Job
by | Tuesday, June 05, 2018

Qatar Air CEO Says a Woman Could Never Do His Job

When asked what the association - long regarded as one of the world's most powerful "boys' club" - meant to do to increase the representation of women in the senior ranks of Middle East aviation, he responded: ...More..

American Airlines plane damaged by hail over New Mexico
by | Tuesday, June 05, 2018

American Airlines plane damaged by hail over New Mexico

According to NBC 5, officials say the aircraft sustained the damage due to weather about two hours into the flight. An airline spokesman said Monday that the plane was awaiting repairs for damage to the nose,...More..

by | Tuesday, June 05, 2018

Koch brothers taking on Trump with free trade campaign

He estimated the US tariffs would affect $4 billion in trade between the two countries. May is expected to discuss the tariff with Trump at the summit this week. With Washington set to unveil the final list o...More..

Petrol prices start to fall after hitting four-year high in Australia
by | Tuesday, June 05, 2018

Petrol prices start to fall after hitting four-year high in Australia

Unleaded shot up from 123.43p to 129.41p a litre, taking the cost of filling up a 55-litre family vehicle to £71.18, an increase of £3.29, data from RAC Fuel Watch shows. In response to the surge in domestic f...More..

Apple's software improvements could make AR as universal as iOS
by | Tuesday, June 05, 2018

Apple's software improvements could make AR as universal as iOS

Apple iOS 12 With iOS 12 , Apple aims to improve software performance on iPads and iPhones. A big part of iOS 12 is Apple's focus on performance for older devices. Apple kicks off its annual...More..

Oil Minister Pradhan rules out review of daily fuel pricing
by | Tuesday, June 05, 2018

Oil Minister Pradhan rules out review of daily fuel pricing

According to the department, the average worldwide product prices of petrol and diesel and illuminating paraffin increased during the period under review. With the revised price, petrol now costs Rs113 per litr...More..

Starbucks Anti-Bias Training Gets Underway
by | Tuesday, June 05, 2018

Starbucks Anti-Bias Training Gets Underway

Schultz is trying to change the culture of Starbucks by closing the stores for racial bias training. On April 21, two black men were arrested at a Starbucks in Philadelphia after one of them was denied us...More..

Asian shares fall sharply as Italian crisis hits world markets
by | Tuesday, June 05, 2018

Asian shares fall sharply as Italian crisis hits world markets

The technology company, founded by Bill Gates and Paul Allen, is now worth $US760 billion, versus Alphabet's $US745 billion. The S&P 500 Index rose 1.3 percent to 2,724 as of 4 p.m. All major parties, excep...More..

Starbucks is sliding after Howard Schultz steps down as chairman
by | Tuesday, June 05, 2018

Starbucks is sliding after Howard Schultz steps down as chairman

Schultz is credited with expanding Starbucks from a Seattle-based coffee chain to an global conglomerate with over 28,000 stores. He eventually opened his own coffee shop and purchased the Starbucks brand. Schu...More..

by | Monday, June 04, 2018

Apple announced iOS 12, no devices left behind

People can set time limits on specific apps and get alerts reminding them to stop using that software as the limit approaches. Apple just announced then new iOS 12 at its annual WWDC event. Apple Books: i...More..

U.S. commerce secretary, Chinese vice premier to talk trade amid row
by | Monday, June 04, 2018

U.S. commerce secretary, Chinese vice premier to talk trade amid row

The statement was made in the light of the yet another round of US-Chinese trade talks, which began on Saturday and continued through Sunday. China said the two sides had made "positive and concrete progr...More..

Google set to end controversial Project Maven military AI program, report says
by | Monday, June 04, 2018

Google set to end controversial Project Maven military AI program, report says

Project Maven is an artificial intelligence program created to use data captured by government drones to identify and track objects viewed on surveillance footage. In trying calm down the tension, Google defen...More..

PHOTO and VIDEO of Jordan Rocked by Protests Against Austerity Measures
by | Monday, June 04, 2018

PHOTO and VIDEO of Jordan Rocked by Protests Against Austerity Measures

Some 3,000 people faced down a heavy security presence to gather near the prime minister's office in Amman until the early hours of Sunday morning, waving Jordanian flags and signs reading "we will not kneel"...More..

2 winning LOTTO MAX tickets sold in Brampton
by | Monday, June 04, 2018

2 winning LOTTO MAX tickets sold in Brampton

The victor of the €4.3 million has not yet been found but anyone with a ticket wishing to check their numbers from last night's draw can do so here. Odds of winning a Lotto Max jackpot or Maxmillion prize are...More..

Merkel voices assist for Macron's proposed European defence drive
by | Monday, June 04, 2018

Merkel voices assist for Macron's proposed European defence drive

The ECB has said that such a move would not comply with European Union treaties. German Chancellor Angela Merkel advocated the creation of a European rapid reaction force, thus supporting the initiative of ...More..

Microsoft surpasses Google in market valuation, becomes world's third-most valuable company
by | Monday, June 04, 2018

Microsoft surpasses Google in market valuation, becomes world's third-most valuable company

Since taking over four years ago, Nadella has helped more than double Microsoft's stock price, and the business has gone from being a 40-plus-year-old company to a modern tech icon. Apple is also in the race ...More..

A political stalemate ends, giving birth to a populist government in Italy
by | Monday, June 04, 2018

A political stalemate ends, giving birth to a populist government in Italy

Italy's inconclusive parliamentary election in March produced months of political stalemate before Mattarella asked Conte to try to form a government. An anti-establishment government took power in Italy on Fr...More..

CEO of Brazil oil giant Petrobras steps down
by | Monday, June 04, 2018

CEO of Brazil oil giant Petrobras steps down

Brazilian oil giant Petrobras has appointed its chief financial officer Ivan Monteiro as interim chief executive, replacing Pedro Parente who resigned on Friday morning. Earlier this week the company's shares d...More..

Chaos unfolds as VISA payment crashes across Europe
by | Monday, June 04, 2018

Chaos unfolds as VISA payment crashes across Europe

France was also exempt from the issues, according to the French Association of Bank Users (AFUB). "This is an industry wide issue which is being investigated as a matter of urgency and we apologise for any i...More..

Unemployment at Lowest Rate in Half Century
by | Monday, June 04, 2018

Unemployment at Lowest Rate in Half Century

For women, unemployment has fallen to 3.6 percent, the lowest since 1953. The economy been expanding for nearly nine years , the second-longest streak on record. It also spurred increased bets on two more in...More..

Cainiao Network, RoboSense release world's first unmanned logistics vehicle
by | Monday, June 04, 2018

Cainiao Network, RoboSense release world's first unmanned logistics vehicle

Advanced technologies will help assess warehouse storage capacities and the height of inventory stacking, also in real time, as well as guide traffic within the park, such as pointing vehicles towards available...More..

Dog dies in plane hold waiting to change flights
by | Monday, June 04, 2018

Dog dies in plane hold waiting to change flights

A spokesperson for the airline said the cabin crew staff member 'did not hear or understand [the dog's owner] and did not knowingly place the dog in the overhead bin'. Wednesday, May 30. Alejandro's is the la...More..

New US tariffs would make trade deals void, China says
by | Sunday, June 03, 2018

New US tariffs would make trade deals void, China says

The U.S. delegation included energy and agriculture experts, reflecting the U.S. desire to increase exports of natural gas and food in an effort to reduce the $375 billion annual deficit in goods trade with Chi...More..

Google retreating from military AI project
by | Sunday, June 03, 2018

Google retreating from military AI project

Diane Greene , the chief executive in charge of Google's cloud businesses, told employees during a morning meeting that the company won't seek another contract for the Pentagon partnership, three sources to...More..

Flyer's putrid body odor prompts emergency landing
by | Sunday, June 03, 2018

Flyer's putrid body odor prompts emergency landing

According to the Mirror , the cause was incredibly foul-smelling passenger, because of which some people literally began to faint, and others began vomiting. The number of passengers impacted by the odor cause...More..

Amazon.com will block Australians buying from the United States store
by | Sunday, June 03, 2018

Amazon.com will block Australians buying from the United States store

Geoblocking, where a website can block country users from using any worldwide sites of its online business, is the option Amazon has chosen once the new GST rules are in place from July 1, this year. Amazon has...More..

Lawsuit Reveals Deutsche Bank Probe of Ties to Russian Ministers
by | Sunday, June 03, 2018

Lawsuit Reveals Deutsche Bank Probe of Ties to Russian Ministers

Mr Sewing said: "We do not comment on the details of our dialogue with our regulators". The bank is also facing a new legal headache in Australia, where it expects to be charged over its role in the sale of s...More..

Zero bidders for debt-stricken Air India as deadline closes
by | Sunday, June 03, 2018

Zero bidders for debt-stricken Air India as deadline closes

However, they all backed out later. The government announced on March 28 its plans to sell up to 76 percent of the carrier, but airlines and other investors have been spooked by the sale terms. Air India, at ...More..

by | Sunday, June 03, 2018

No winning ticket for Friday night's $60M Lotto Max jackpot

On Saturday, May 19, another LOTTO 6/49 ticket - this one sold in Calgary - won a $2.5 million jackpot prize. Marie, Toronto and the Sault Ste. Six Canadian Tire co-workers in Elliot Lake split a Maxmillions ...More..

Australia’s national minimum wage rises to $719.20
by | Sunday, June 03, 2018

Australia’s national minimum wage rises to $719.20

General minimum wage increases 11.5% to $12.65 per hour, an increase of $1.30 per hour. Immediately following the FWC decisions, Australian Council of Trade Unions secretary Sally McManus said unions welcomed...More..

Analysts foresee rise in oil prices but not up to $100
by | Sunday, June 03, 2018

Analysts foresee rise in oil prices but not up to $100

That talk was prompted by data suggesting the inventories were not falling as fast as OPEC had hoped, but with Venezuela's production in a free fall, things settled and prices took off. In early 2018, the Int...More..

Oil retreats on stronger dollar, U.S. crude discount wider
by | Sunday, June 03, 2018

Oil retreats on stronger dollar, U.S. crude discount wider

A Reuters survey found that the OPEC oil output fell to a 13-month low in May due to declining Venezuelan production, Nigerian outages and strong compliance by its members with the supply-cutting deal. On...More..

SoftBank invests United States dollars 2.25 bn in GM's self-driving venture
by | Sunday, June 03, 2018

SoftBank invests United States dollars 2.25 bn in GM's self-driving venture

GM is one of the more ambitious players in the self-driving vehicle space. They made some significant progress based on an impressive real-world self-driving demo of their Bolt EV prototype of which they now ...More..

Watchdog begins crackdown on high-cost credit and bank overdrafts
by | Sunday, June 03, 2018

Watchdog begins crackdown on high-cost credit and bank overdrafts

The package of proposals could save consumers a combined 200 million pounds a year, the watchdog said. Also reacting to the proposals, issued early Thuesday, Consumer Credit Trade Association Chief Executive ...More..

British transport minister urged to resign amid rail chaos
by | Sunday, June 03, 2018

British transport minister urged to resign amid rail chaos

New timetables were brought in on Southern, Thameslink and Gatwick Express services on May 20th, as part of an effort to provide more peak-time spaces for tens of thousands of commuters. London Mayor Sadiq Kh...More..

Shock Qantas, Air New Zealand alliance will take on Virgin Australia
by | Sunday, June 03, 2018

Shock Qantas, Air New Zealand alliance will take on Virgin Australia

In 2002, Qantas Airways and Air New Zealand tried a wide-ranging strategic alliance, including Qantas taking a 22.5 percent cornerstone shareholding in Air New Zealand for $550 million. "Virgin who was previous...More..