Economy

by | January 29, 2019 | 02:11

Chinese tech giant Huawei - the world's biggest supplier of network gear used by phone and Internet companies - was charged by the Justice Department on Monday with 13 felonies including fraud. In December, Meng was detained in Vancouver at the request of the US, who continues to work to extradite her. Whitaker and Federal Bureau of Investigation director Christopher Wray both thanked Canadian officials for their help.

by | January 28, 2019 | 02:42

The Bing blackout came as Chinese leaders gathered at Davos to promote an image of China being pro-trade and open for business, in contrast to the US's increasingly protectionist stance under the Trump administration. Google pulled out of China in 2009, and a rumoured return sparked heavy protests from staff, leading to the eventual decision to abandon the project which was, according to sources, already staffing in three figures.

by | January 28, 2019 | 01:36

Venezuela holds the group's rotating presidency this year, which means the nation's oil minister and PDVSA president Manuel Quevedo is OPEC's sitting president for 2019. Suspense over U.S. -China trade talks and broader gloom over world economic growth put a check on prices, however. IHS Markit Vice Chairman Daniel Yergin on the state of the oil market.

by | January 28, 2019 | 00:55

Internally, the company described the problem as one of "friendly fraud ", and one staff member, who was in charge of a project to increase the company's game revenues, said it was particularly bad with a few games, including "PetVille, Happy Aquarium, Wild Ones, Barn Buddy and any Ninja game".

by | January 27, 2019 | 06:17

This now 5G base station is smaller and also more integrated. However, if it came to pass that Huawei equipment could not be used in its radio access networks - the towers and equipment for 4G and 5G networks - the impact would be huge.

by | January 27, 2019 | 06:12

The items were sold at stores in eight states including Massachusetts, New Hampshire, Rhode Island, Maine, Connecticut, Florida, New Jersey and NY. Whole Foods Market is recalling items with baby spinach over Salmonella fears on Friday, according to the Food and Drug Administration.

by | January 27, 2019 | 06:09

Maduro, who has led the oil-rich nation since 2013 and has the support of the armed forces, has refused to stand down. Venezuela's top military officials swore their allegiance on Thursday. Maduro's re-election past year was contested by the opposition and rejected by the US, EU and United Nations as a sham - but he has until now retained the loyalty of the powerful military.

by | January 26, 2019 | 00:45

The aircraft has been designed for fully autonomous flight. "In one year, we have progressed from a conceptual design to a flying prototype", said Boeing chief technology officer Greg Hyslop. Boeing is among the companies vying for a stake in the future business of package-carrying drones and self-flying vehicles, with Airbus and Intel also testing flying vehicles and companies like Uber drafting business models for air taxi services.

by | January 26, 2019 | 00:35

Guaido's announcement came amid violence that has killed at least 13 people this week, according to a toll by the Venezuelan Observatory of Social Conflict. "If we see that there is no intention on the part of the Venezuelan regime to call [early] elections, other measures will be taken, including the recognition of the interim president so that these elections could be set by the National Assembly", Borrell said at a press conference in Madrid.

by | January 26, 2019 | 00:32

As the partial government shutdown nears its 34th day, federal employees who are furloughed or working without pay are turning to food banks , but Commerce Secretary Wilbur Ross says he doesn't "really quite understand why". Lara Trump , the president's daughter-in-law and adviser to his 2020 re-election campaign, told online television outlet BOLD TV this week that federal workers faced "a little bit of pain" over their bills but urged sacrifice, saying "this is so much bigger than ...

by | January 26, 2019 | 00:30

And in a video message , he said: "Please don't listen to the Brexiteers" madness which asserts that "because we have huge plants here we will not move and we will always be here'". But British eurosceptics objected to a so-called "backstop" in the deal that binds Britain into an EU customs union until new trading ties are agreed.

by | January 26, 2019 | 00:30

Russia , which has backed Maduro's socialist government to the tune of billions of dollars, this week promised to stand by him after opposition leader Juan Guaido declared himself president with Washington's endorsement. Maduro was elected previous year in a vote widely seen as fraudulent. Speaking at the World Economic Forum in Switzerland, Colombian leader Ivan Duque said Maduro should "step aside and let the Venezuelan people be free".

by | January 26, 2019 | 00:31

A lack of workers at an air-traffic control facility in the Washington area prompted the FAA to stop inbound flights Friday to LaGuardia, one of the nation's busiest transportation hubs. Wang Ying Xinhua News Agency/NewscomEmployees of the American aviation industry warned this week that the government shutdown poses "unprecedented" risks for air travel in the United States.

by | January 26, 2019 | 00:27

An American Airlines representative tells Yahoo Lifestyle: "They were asked to deplane after multiple passengers , along with our crew members and Miami airport team, were concerned about the comfort of our other passengers due to the odor".

by | January 23, 2019 | 08:08

Dyson's upcoming electric auto will be manufactured in Singapore. Sir James, who owns 100% of the company and has built up a £9.5bn personal fortune, did not comment on the move. Best known for making vacuum cleaners and heating and cooling devices, Dyson is increasingly looking to move into producing electric vehicles . Rowan told the Guardian, Singapore was part of "the evolution" of the company.

by | January 23, 2019 | 07:27

If he had checked his bank account before he launched his attack on the hotel , he would have seen he had been paid . During the driver's initial attempt to break through, the digger falls back down the steps, drawing gasps from onlookers.

by | January 23, 2019 | 06:13

After years of expansion and strong economic growth, the last quarter of 2018 saw the China's growth rate at 6.4%, official data from the National Bureau of Statistics revealed on Monday. Big-ticket investments by both government and businesses are lackluster. "The cyclical forces that propelled broad-based global growth since the second half of 2017 may be weakening somewhat faster than we expected in October...." Other data on Monday showed investment and retail sales continued to ...

by | January 23, 2019 | 04:41

Investors shunned risk assets like equities as the International Monetary Fund warned of a dimmer outlook on Monday, China confirmed its slowest growth rate in almost 30 years, and as Brexit uncertainty continued to drag on sentiment.

by | January 23, 2019 | 04:39

Earlier yesterday, Japanese media said France wants a merger between Renault and Nissan following the arrest of former Nissan chairman Carlos Ghosn on charges of financial misconduct. The scandal has also strained the company's partnership with Renault, a union held together by Ghosn for two decades. Late Sunday, Nissan held an inaugural meeting of a special committee created to improve governance in the wake of the scandal.

by | January 23, 2019 | 00:53

She said: "With regard to the backstop, despite the changes we have previously agreed, there remain two core issues: the fear that we could be trapped in it permanently; and concerns over its potential impact on our Union if Northern Ireland is treated differently from the rest of the UK".

by | January 22, 2019 | 03:52

The fund warned that Britain leaving the European Union without a deal and a greater than expected slowdown in China could spark a further deterioration in sentiment and hit global growth, exasperating risks already posed by the deterioration in US-China relations.

by | January 22, 2019 | 00:54

Google also did not properly obtain users' consent for the goal of showing them personalised ads, the watchdog agency said. The commission found that Google didn't present information about data-processing purposes and data-storage periods in the same place, sometimes requiring users to make five or six clicks to obtain the information.

by | January 22, 2019 | 00:40

The 6.6 per cent growth comes in above the official target of around 6.5 per cent and matches a forecast by analysts polled by AFP, but is down from the 6.8 per cent chalked up in 2017, according to the National Bureau of Statistics (NBS). Growth in investment, retail spending and factory activity all declined, the National Bureau of Statistics reported. China's President Xi Jinping applauds during a celebration meeting marking the 40th anniversary of China's "reform and opening up" policy ...

by | January 21, 2019 | 13:56

Oil prices fell on Thursday as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) amid worries about weakening demand, particularly in light of the trade dispute between the United States and China . "You can't justify oil prices at these levels". OPEC production is set to fall further in January, when new Vienna Agreement cuts take effect, according to the report .

by | January 21, 2019 | 09:28

Pre-market trading Friday morning saw the S&P 500 up 0.44%, with the Nasdaq gaining 0.6% and the Dow, 0.61%. Shares of USA companies with significant China operations gained, including Dow member Boeing , Caterpillar and Nike. products. The S&P gained 1.32 percent to 2,670.71, and the Nasdaq added 1.03 percent to 7,157.23. European stocks rose to their highest since early December, with the pan-European STOXX 600 index up almost 1 per cent.

by | January 20, 2019 | 16:43

The probe did not find any other misconduct involving Ghosn at Mitsubishi Motors and its affiliate companies, it said. Nissan and Mitsubishi have said Carlos Ghosn received "improper payments" totalling €7.8m ($8.9m; £6.9m) from a joint venture between the carmakers.

by | January 19, 2019 | 14:12

Q: What happens if I receive back pay after the shutdown has ended? The Labor Department has said that federal employees who aren't working during the shutdown can collect unemployment, while those who are on the job without pay cannot. There are two elements to an unemployment claim, Cohn explained: Showing that you're out of work, and showing that you're not getting paid. "It's mind-boggling.

by | January 19, 2019 | 09:15

The company will only retain the most critical temps and contractors, Musk said. Given Elon Musk's Tweet in November of the company having "45,000 employees," putting that number within other publicly available records of Tesla employee counts since 2008 , the amount of growth Tesla had this year becomes a bit murkier.

by | January 18, 2019 | 06:42

His friends held onto him as they egged him on, a video posted on Instagram Friday shows . In the video, you can see Naydev jump and it takes seconds until he finally hits the water, demonstrating how far the distant truly was. Laurent Mercier, 16, was trying to climb from one balcony to another when he fell onto what appears to be a striped asphalt surface on the pier alongside the ship in Labadee, Haiti.

by | January 18, 2019 | 05:09

Wolfe Research started coverage on shares of Goldman Sachs Group in a research note on Tuesday, September 25th. The Investment Management segment involves in investment and wealth advisory services. Goldman earned $1.2 billion from its advisory unit. Goldman Sachs Group has a twelve month low of $151.70 and a twelve month high of $275.31. The bank reported a profit of $2.54 billion, or $6.04 per share, up from $5.68 per share, in the same period a year ago.

by | January 18, 2019 | 02:51

If the United Kingdom was facing the "potential disaster" of a "no-deal" Brexit then Labour would look at the option of a second referendum , Mr Corbyn said during a speech in Hastings on Thursday. "The government confirmed that she would not take 'no-deal'off the table", Corbyn said in a speech in the English town of Hastings, scene of a battle in 1066 that ushered in the Norman conquest of England.

by | January 18, 2019 | 00:56

The report is DIA's first-ever unclassified, comprehensive assessment of the Chinese military. On Tuesday, the US Defense Intelligence Agency released a new report detailing Chinese military advancements and strategy, stressing that the People's Liberation Army already leads the world in certain areas of weapons development.

by | January 17, 2019 | 14:37

The report could not be immediately confirmed. The Department of Justice is in the advanced stage of an investigation into the Chinese telecoms company over claims it stole technology from American companies. Ruben Gallego (D-AZ) to impose a ban on selling USA technology to Chinese companies in violation of sanctions laws and export control. In addition to making allegations of sanctions busting and intellectual property theft, Washington has been pressing allies to refrain from buying ...

by | January 17, 2019 | 12:33

Ren Zhengfei , the reclusive founder of Huawei, has used his first major public appearance since 2015 to refute allegations of espionage. Speaking about the US-China trade war, Ren said Huawei was just a "sesame seed" in the middle of the conflict.

by | January 17, 2019 | 09:41

Analysis of polling of more than 6,700 people found 60.2% favour a public vote if MPs can not decide, against 39.8% who oppose it, said the Best for Britain campaign and Hope Not Hate. Noisy crowds of pro- and anti-Brexit protesters in Parliament Square could be heard inside the Palace of Westminster as MPs prepared to vote at 7pm, in a process which culminated in a final result around 7.30pm.