Business

Gulf nations approve USA request to deploy troops in Arabian Gulf

Gulf nations approve USA request to deploy troops in Arabian Gulf The warning relayed Saturday by U.S. diplomatic posts from the Federal Aviation Administration underlined the risks the current tensions pose to a region crucial to global air travel. USA hawks on Iran, led by National Security Adviser John Bolton , have reportedly advocated to confront Iran while Trump himself has showed restraint on further escalating the situation. [Full Article...]

Jaguar Land Rover slumps to £3.6bn loss amid Chinese sales slide

Jaguar Land Rover slumps to £3.6bn loss amid Chinese sales slide The auto manufacturer, which has already announced thousands of job cuts in the United Kingdom in the first months of 2019, made the loss after a £400m profit in 2018. Meanwhile, US giant Ford is expected to cut as many as 550 jobs from its United Kingdom operations in the coming weeks. The decline in profit was mainly a result of lower revenues and exceptional charge on account of its British... [Full Article...]

Huawei Considers Rivals to Google's Android After U.S. Ban

Huawei Considers Rivals to Google's Android After U.S. Ban The Aug. 19 deadline is meant to give telecom operators that rely on Huawei time to make other arrangements. But the Commerce Department on Monday issued a 90-day reprieve on the ban on the transfer of technology. Question: Will Huawei phones be able to receive Android updates? Huawei has addressed the uncertainty and answered some of the questions emerging in the minds of users fo... [Full Article...]

Modi party confident of new India election victory

Modi party confident of new India election victory Gandhi has responded to such questions by saying that he does not wish to "pre-empt the wisdom of the people of India" and that 'we must wait till May 23 to know the will of the people'. Nationalist Congress Party (NCP) spokesperson Nawab Malik said that numerous exit polls results were contradicting themselves, so they lack credibility. [Full Article...]

U.S. may scale back Huawei trade restrictions to help existing customers

U.S. may scale back Huawei trade restrictions to help existing customers Chinese telecom giant Huawei has said that it is still open to addressing USA security concerns. July 2018: Australia said that it will ban the Huawei's 5G rollout because of security concerns. It remains unclear how successful Huawei's backup options will be as 33 of its 92 core suppliers were based in the United States, although the company will likely step up its efforts to decouple its... [Full Article...]

Buying Huawei phones a ‘real risk’ after Google block

Buying Huawei phones a ‘real risk’ after Google block But in cutting off Huawei , Google risks being deprived of the revenue-generating data of all those phone owners around the world. Huawei's devices in China do not have Google apps, but the move could hugely damage the brand's appeal to consumers in other markets. [Full Article...]

Mobile and Sprint merger receives approval recommendation from the FCC

Mobile and Sprint merger receives approval recommendation from the FCC According to terms of the deal, this is meant to "remove any remaining doubts regarding the impact of the merger on prepaid wireless customers and competition", nodding to concerns about the effect on lower-income Americans. In its commitments to the FCC , the companies said they will "make available the same or better rate plans as those offered by T-Mobile or Sprint as of February 4, 2019 for t... [Full Article...]

Speaker Stuns Morehouse Grads, to Pay Off $40M Student Debt

Speaker Stuns Morehouse Grads, to Pay Off $40M Student Debt It was one of the best graduation gifts you could ever imagine getting, and an investment in the future of Black America. Smith , a billionaire technology investor and philanthropist, said he will provide grants to wipe out the student debt of the entire graduating class at Morehouse College - an estimated $40 million. [Full Article...]

MA Adds 4100 Jobs in April, Unemployment Drops to 2.9%

MA Adds 4100 Jobs in April, Unemployment Drops to 2.9% Bureau of Labor Statistics. Iowa's unemployment rate remained at 2.4% in April for the 10th month in a row. Last month, the USA jobless rate dropped to 3.6%. This is down from 4.4 percent last month and down from 4.6 percent in April 2018. State employment hit 5,596,700 in April, up from 5,595,300 in March. [Full Article...]

Iran says tanker sabotage meant to stir conflict

Iran says tanker sabotage meant to stir conflict He said the drones had targeted petroleum pumping stations supplying a pipeline running from its oil-rich Eastern Province to the Yanbu Port on the Red Sea. It quoted the Cabinet as saying that it was the worldwide community's shared responsibility "to preserve maritime safety and oil tankers' security in anticipation of any effects on energy markets and the danger of that on world economy". [Full Article...]

2019 iPhone XR New Color Options Revealed Ahead Of Release

2019 iPhone XR New Color Options Revealed Ahead Of Release Leaked details of the new colors surfaced last week revealing that Apple will opt for Green and Lavender instead of coral and blue. Fans of these new colors will love the new 6.1-inch 2019 iPhone when it's released soon. Citing "trusted sources in China", leak site SonnyDickson.com has posted a pair of case renders that back up the rumored new design, complete with large, square camera cutouts a... [Full Article...]

Jury Slams Bayer-Monsanto in Latest Roundup Cancer Trial

Jury Slams Bayer-Monsanto in Latest Roundup Cancer Trial The verdict is the third legal defeat in a row for Monsanto, Roundup's parent company, which was acquired by Bayer previous year. It called the jury's decision " excessive and unjustifiable " adding that both Alva and Alberta Pilliod had histories of illnesses that were known risk factors for non-Hodgkin's lymphoma. [Full Article...]

Dow Jones up 300 points after Trump agrees to meet with Xi

Dow Jones up 300 points after Trump agrees to meet with Xi Lyft Inc dropped 5.8 percent and Tesla Inc' shares fell 5.2 percent, the lowest in more than two years. Still, since Beijing's tariff increases only take effect on June 1 and those raised by Washington apply only to goods shipped after May 10, which will take a couple weeks or more to reach the US, there is still time available to find a compromise in the festering dispute over Chinese efforts... [Full Article...]

Saudis halt pipeline after drone attack claimed by Iran-backed rebels

Saudis halt pipeline after drone attack claimed by Iran-backed rebels According to the Arab kingdom's Saudi Press Agency, one of the ships was on its way to transport oil from the Saudi port of Ras Tanura to the U.S when the incident occurred. Meanwhile, the USA has warned it would take military action if Iran acted upon a threat to close the Strait of Hormuz, a strategic energy choke point through which millions of barrels of oil pass through each day. [Full Article...]

China Refuses to 'Surrender to External Pressure' as US Renews Tariff Threat

China Refuses to 'Surrender to External Pressure' as US Renews Tariff Threat They are paid by importers of Chinese goods, usually American companies or the US -registered units of foreign companies. And officials have targeted American companies operating in China by slowing customs clearance and stepping up regulatory scrutiny. [Full Article...]

Trump orders to raise tariffs on $300 bln worth of Chinese goods

Trump orders to raise tariffs on $300 bln worth of Chinese goods Trump, however, said he would prevail in the upcoming election and warned that a trade deal would be "much worse" for China if it was negotiated during his second term. is a sign that it is pinning its hopes on Democratic presidential frontrunner Joe Biden or another one of "the very weak Democrats". China clarified its list of demands before signing an agreement . [Full Article...]

Apple loses at US Supreme Court on iPhone app antitrust suit

Apple loses at US Supreme Court on iPhone app antitrust suit The suit, filed by leading plaintiff Robert Pepper, dates back to 2011. The theory of the lawsuit is that Apple's 30% commission charge to app developers is often passed on to consumers - creating a higher-than-competitive price - and that competitors are shut out because Apple prevents iPhone owners from buying apps anywhere other than its App Store . [Full Article...]

Quebec furniture maker recalls dresser sold in Canada, US after toddler's death

Quebec furniture maker recalls dresser sold in Canada, US after toddler's death And the notice says South Shore knows this because it's received two reports of tip-overs involving children. According to the United States Consumer Product Safety Commission , the recall was issued on Thursday. For additional information, the company can be reached toll-free from 8 a.m.to 5 p.m. ET at 855-215-4932 or online at www.southshorefurniture.com under the "Recall Information" tab. [Full Article...]

Uber's market debut sours - Benchmarking Change - Finance - Strategy - Networking

Uber's market debut sours - Benchmarking Change - Finance - Strategy - Networking While there will be plenty of investors willing to accept short-term losses for long-term gain, Uber and Lyft will have much more competition in the autonomous taxi market than it now has in the ride-share market, including companies like Tesla and Google. [Full Article...]

Uber prices blockbuster IPO conservatively to raise $8.1 billion

Uber prices blockbuster IPO conservatively to raise $8.1 billion The company is hoping to avoid the tumultuous first weeks of trading in rival Lyft Inc., whose shares fell below its $72 IPO price within days of listing and closed 23 percent below that price Thursday. In distributing the stock, Uber prioritized shareholders - particularly institutional investors - that it thinks will hold on to the shares for a long time. [Full Article...]


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