Huawei says launches 'world's first' 5G communications hardware for autos

23 Apr, 2019

The limited results announcement comes at a time when Washington has intensified a campaign against unlisted Huawei, alleging its equipment could be used for espionage and urging United States allies to ban it from building next-generation 5G mobile networks.

Asad Umar Decides to Resign from the Post of Finance Minister

20 Apr, 2019

It all began on Thursday with the key decision to remove Asad Umar as finance minister who was facing mounting criticism in the recent weeks over the state of the country's economy. Reportedly, Sarwar had threatened to quit the party if removed from the cabinet. Minister of State for Interior Shaheryar Afridi has been made Minister of States and Frontier Regions (SAFRON).

Russian Federation confirms Putin-Kim talks for 'second half of April'

19 Apr, 2019

The announcement of the planned meeting between Kim and Putin comes after North Korea said it test-fired a new tactical guided weapon in its first public weapons test since the breakdown of a summit between President Trump and Kim in February.

Herman Cain reportedly to withdraw name from consideration for Federal Reserve Board

15 Apr, 2019

Moore has said recently he wanted to accommodate Trump's policies, that he feels the president's reelection was necessary for the country's economic success, and wants to do battle with what he calls "growth-phobiacs" at the Fed. "You go through the process, but Herman's a great guy and I hope he does well". "President Donald Trump is calling on the Federal Reserve to start cutting interest rates, saying the economy will take off as a" rocketship" when the Fed begins loosening policy.

Uber unveils IPO with warning it may never make a profit

14 Apr, 2019

In one of the most awaited IPOs of the world, San-Francisco based ride-hailing giant Uber announced what could be one of the biggest IPOs of all time. "Some of the attributes that made Uber a wildly successful startup - a fierce sense of entrepreneurialism, our willingness to take risks that others might not, and that famous Uber hustle - led to missteps along the way", Khosrowshahi wrote, closing his letter by assuring he will run Uber with integrity.

Brexit: Donald Tusk says Westminster division means long delay

10 Apr, 2019

A German government spokesman, however, dismissed the media report as "without any foundation" and the pound gave up gains to stand 0.2 percent lower at $1.3040. The country was originally supposed to leave on March 29. "So far absolutely nothing has changed", Roth said. He explained that the extension should last exactly up to one year, as beyond this date the European Council would have to "decide unanimously on some key European projects".

540 million Facebook users had their data leaked by app developers

06 Apr, 2019

Of the two data sets, the Cultura Collectiva is the largest; the At the Pool breach, meanwhile, is significantly smaller but contains plain-text passwords for some 22,000 user accounts - though, given the app was discontinued in 2014, these are likely to be outdated.

Brexit options: Stick close to EU? Crash out? Think again?

02 Apr, 2019

May's government and her party, which has grappled with a schism over Europe for 30 years, was in open conflict between those pushing for a customs union with the EU and eurosceptics who are demanding a cleaner break with the bloc. But it has been roundly rejected by lawmakers on both sides of Britain's Brexit divide. Both main parties are preparing for the possibility of a snap election as a way out of the deadlock.

Apple Card is a virtual credit card for your iPhone

26 Mar, 2019

Apple announced the new card, a MasterCard backed by Goldman Sachs , at its event in Cupertino, Calif., on Monday. The card excludes common charges like annual, foreign-transaction and late fees, Jennifer Bailey, Apple's vice president of Apple Pay , said.

Netflix Tests Cheaper Mobile-Only Subscription Plans In India

25 Mar, 2019

The tech giant recently sent out invitations for the March 25 keynote with the suggestive title "It's show time", which further fueled rumors that the now unnamed streaming service will launch next Monday. After sorting through the rumors and speculation, from original content to what it will cost, this is everything we expect Apple to announce at their big event.

Reopen Ohio plant, close one in Mexico or China — Trump to GM

19 Mar, 2019

General Motors Chairman and CEO Mary Barra attends the reveal of the 2020 Cadillac XT6 SUV on the eve of press days of the North American International Auto show in Detroit, Michigan, U.S., January 13, 2019. Earlier, the president tweeted that "Democrat" UAW Local 1112 President David Green "ought to get his act together and produce". Trump is expected to visit OH this week.

Theresa May wins Parliament’s backing for her plan to delay Brexit

15 Mar, 2019

MPs have voted to request for an extension to Article 50 - making the prospect of a Brexit delay more likely. "It was not in the best interests of the people of Wrexham or the rest of the country". On Thursday, President of the European Council Donald Tusk took to social media to reveal that he will be appealing to the EU27 members to remain open to the idea of offering the United Kingdom a long extension period, if they need time to rethink their Brexit strategy.

U.S. unemployment rate falls to 3.8% in February; job growth slows sharply

11 Mar, 2019

The unemployment rate fell 0.2 percent to 3.8 percent, the lowest level since October 2018 (and before that, April 2000). From January of 2018 to January of 2019, the Bureau of Labor Statistics estimates that MA added 27,200 jobs. It will be harder than usual, though, to get a precise read on the economy because many data reports are still delayed by the partial shutdown of the government , which ended January 25.

USA trade curbs with Turkey at odds with 'mutual objectives'

06 Mar, 2019

Meanwhile, Trump said that he will continue to monitor if India is "providing equitable and reasonable access to its markets" and meet the GSP eligibility criteria. "The withdrawal will not have a significant impact on India's exports to the United States", he said, reported news agency PTI . US-India trade ties were hurt after India unveiled new rules on e-commerce that restrict the way Inc and Walmart Inc-backed Flipkart do business.

Trump Blames Cohen Hearing for Failure of North Korea Summit

05 Mar, 2019

He strongly implied Trump committed crimes while president, leading Democrats to call for more investigations. "I never think it is helpful to have-I don't care what president's in office-to have contentious hearings like that when there is some serious negotiations happening overseas", Rogers said .

L Brands to close stores as sales stagnate

03 Mar, 2019

L Brands has announced that they choose which stores to close based on a number of factors, including current and predicted performance along with local factors. "And we are intensely focused on improving results". That number includes 50 Victoria's Secret locations in the USA and three in Canada. This would leave the chain with a total of 103 stores in the country.

Tesla is closing most of its stores, will only sell vehicles online

02 Mar, 2019

The Model 3 is a low-priced version of Telsla's electric vehicle, available for $US35,000 ($49,300). This is seen as something of the holy grail for electric vehicle manufacturers since getting standard model electric vehicles into the hands of the general public is seen as a tipping point to creating a sustainable industry.

Diplomats shun Venezuelan envoy's speech to United Nations rights body

01 Mar, 2019

Battered by an economic meltdown, Venezuela descended into a major political crisis when opposition leader Juan Guaido declared himself interim president in January and asserted that President Nicolas Maduro was no longer legitimate. Russia's envoy Vassily Nebenzya, meanwhile, accused the US of using humanitarian aid as a cover for its efforts to militarily topple the Nicolas Maduro regime.

Nike Hunts for Answers After Duke Basketball Star’s Shoe Splits

22 Feb, 2019

Regardless of whom the former POTUS was rooting for, everyone watching the hotly anticipated game was devastated when Zion Williamson tore through his Nike PG 2 .5 sneakers within the first minute of play, spraining his knee. The Beaverton, Oregon-based company says it's concerned and says quality and performance of its products are of "utmost importance". "While this is an isolated occurrence, we are working to identify the issue", Nike said.

JPMorgan launches its own cryptocurrency; the first for a major U.S. bank

15 Feb, 2019

This week, Maria Bartiromo recaps her interview with JP Morgan Chase Chairman and CEO Jamie Dimon , discussing market volatility, impact of tax cuts, U.S-China trade fight, and a possible slowdown in the US economy. It is a digital coin representing United States Dollars held in designated accounts at JPMorgan Chase N.A. In short, a JPM Coin always has a value equivalent to one U.S.

Jody Wilson-Raybould resigns from Trudeau's cabinet

14 Feb, 2019

Wilson-Raybould, however, has chosen not to speak publicly on the allegations, saying she is protected by client privilege and cabinet confidentiality. Many were puzzled by the fact that the Prime Minister never clearly explained what she had done to deserve the demotion. NDP Leader Jagmeet Singh called on the Liberals to support a push at the House of Commons justice committee to look into the allegations that appear to have led to Wilson-Raybould's resignation.

Approximately 800 employees laid off from Activision Blizzard

13 Feb, 2019

The Company kept a record of 754.25 million floated shares and 772.72 million shares outstanding. The stock decreased 7.60% or $3.3 during the last trading session, reaching $40.11. Destiny will be out of the equation because of Bungie's departure - which will reportedly cost Activision Blizzard $400 million in annual revenue might we add - meaning Call of Duty: Black Ops 4 to shore up earnings for its publishers; and could Blizzard finally be leaving Activision? The positive are 50%.

Oil prices lower as inventory build only modest

08 Feb, 2019

The Organization of the Petroleum Exporting Countries and its allies, including Russian Federation, agreed to production cuts effective from last month to beat back supply growth. Production last month declined to 11.38 million barrels per day (bpd), but that was only down by 35,000 bpd from its October 2018 level that is the baseline for the pact.

Venezuela's Guaido challenging Maduro through humanitarian aid

07 Feb, 2019

Roughly 40 countries around the world have backed Guaido, who swore himself in as president in late January contending that as head of the opposition-led National Assembly he is Venezuela's rightful leader because Maduro's re-election previous year was a sham.

Trump Says No Final Deal With China Until He Meets President Xi

01 Feb, 2019

The next round of US-China trade talks will resume Wednesday and Thursday in Washington to try to find a way out of the tariff battle between the two powers. The talks began two days after the United States charged Chinese telecommunications company Huawei Technologies Co Ltd and its chief financial officer, Meng Wanzhou, with conspiring to violate US sanctions on Iran by doing business through a subsidiary it tried to hide.

Venezuela's self-proclaimed president Guiado speaks with Trump

31 Jan, 2019

Venezuela's self-styled leader has called on the Bank of England to block the sale of £1billion in gold to the troubled South American country. Maduro also accused the USA president of ordering a hit on him from Colombia. The protests were called to coincide with an historic date for Venezuelans, the anniversary of the 1958 coup that overthrew military dictator Marcos Perez Jimenez.

United States officially files criminal charges against Huawei executive

29 Jan, 2019

A separate case filed in Washington state charges Huawei with stealing trade secrets from T-Mobile. News of the charges comes just as the White House is making plans for a team of high-level economic advisers to meet a delegation from China later this week to talk trade between the two countries.

'There are consequences': John Horgan addresses arrests at BC anti-pipeline blockade

10 Jan, 2019

On Tuesday, an worldwide day of solidarity with Wet'suwet'en was planned in Canada and across the world . It said protesters were expected to be taken to provincial court in Prince George. The Royal Canadian Mounted Police, Canada's national police force, said 14 people had been arrested late on Monday as officers enforced a court order to remove barriers built along a logging road.

Apple shares drop after news of waning iPhone sales

05 Jan, 2019

The news, which comes as a spotlight grows on Beijing's attempts to revive stalling growth, sent Apple shares tumbling in after-hours trade, hammered Asian suppliers and triggered a broader selloff in global markets. Cook cited several other variable market-specific factors that may be playing into the iPhone sales slump we've been reporting on for weeks now. Greater China, a region that includes the mainland, Hong Kong and Taiwan, accounted for most of the revenue shortfall, but iPhone ...

Apple Says Cheap Battery Swaps To Blame For Wonky Sales

05 Jan, 2019

Although non-phone categories, including the Mac, Apple Watch and iPad, grew 19 per cent worldwide, Cook noted that more than 100 per cent of the company's fourth quarter year-over-year revenue decline occurred due a drop in Chinese sales of iPhones and other Apple product.

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