Business

Federal Reserve unlikely to raise rates in 2019

Federal Reserve unlikely to raise rates in 2019 It's worth noting that U.S. inflation expectations have subsided in the weeks since the May Fed meeting. During the FOMC Minutes from the May 1-2 Federal Open Market Committee meeting members elevated forecasts for full-year economic growth, stating that earlier worries they had about an economic decline had diminished. [Full Article...]

U.S. could blacklist Chinese surveillance tech firm Hikvision

U.S. could blacklist Chinese surveillance tech firm Hikvision The people said that other companies may join the five under consideration on the so-called Entities List, which prohibits the sale of American technology without a special license. The Commerce Department's Bureau of Industry and Security also said last week it would add Chinese telecommunications and electronics company Huawei to its "Entity List", thereby prohibiting US companies from selling... [Full Article...]

Tesla automatic lane-changing is far less competent than a human driver

Tesla automatic lane-changing is far less competent than a human driver Instead, as long as the auto knows the route the driver is trying to take, it is able to initiate its own lane changes. The vehicle will even activate the turn signals (something that we can't always say for many BMW drivers) as it changes lanes. [Full Article...]

Oil recovers, but set for biggest weekly loss of 2019 — International Business

Oil recovers, but set for biggest weekly loss of 2019 — International Business The contract is down 7% this week, heading for the biggest weekly loss since December 21. Weak refinery output lifted U.S. crude inventories last week to their highest levels since July 2017, according to data from the Energy Information Administration cited by Reuters . [Full Article...]

Microsoft pulls Huawei products from online store amid United States ban

Microsoft pulls Huawei products from online store amid United States ban An order from President Trump last week effectively banned technology firms from "foreign adversaries" trading with U.S. companies without approval. The heated rhetoric comes as trade negotiations have stalled, with neither side announcing a new date to resume talks after they exchanged increases in tariffs earlier this month. [Full Article...]

Morgan Stanley piles pressure on Tesla with $10 worst case call

Morgan Stanley piles pressure on Tesla with $10 worst case call Electric vehicle pioneer Tesla has been coming back down to Earth quickly, with its share price barely above the US$200 mark this week. Perhaps Tesla has finally figured out that there is simply not enough demand for its cars at the current price point, or worse, that its business model isn't sustainable, resulting in what has been a 2019 full of business model changes, price cuts, and emp... [Full Article...]

Irish privacy watchdog opens official probe into Google's advertising practices

Irish privacy watchdog opens official probe into Google's advertising practices Ad Exchange auctions can involve hundreds of third parties haggling over users' private data, attaching behavioral " tags " to their traffic without their knowledge - an operation which seems to run afoul of the General Data Protection Regulation (GDPR ) requirement that companies obtain explicit consent before dealing in sensitive information. [Full Article...]

Pelosi Warns Move to Impeach Trump Now Premature, 'Very Divisive'

Pelosi Warns Move to Impeach Trump Now Premature, 'Very Divisive' On Wednesday, Trump stalked out of a meeting with Democrats that had been set up to talk about how to pay for a $2 trillion package to fix the nation's roads and bridges. Pelosi assured him that she was not. The more Trump "defies us, the more that it's becoming an inevitability", she said. Instead, Democrats are calling Trump's bluff over his feigned outrage about Pelosi's comments, pointing ... [Full Article...]

China bemoans U.S. ‘bullying’ of Huawei

China bemoans U.S. ‘bullying’ of Huawei No further trade talks between top Chinese and US negotiators have been scheduled since the last round ended in a stalemate on May 10, the same day US President Donald Trump sharply increased tariffs on $200 billion worth of Chinese goods and took steps to levy duties on all remaining Chinese imports. [Full Article...]

ARM tells staff it won't work with Huawei

ARM tells staff it won't work with Huawei That's why Arm is complying with the ruling. The US trade blacklist on Huawei has prompted several tech firms globally to cut or scale back their business links with the Chinese telecom equipment giant. "Arm values its relationship with our longtime partner HiSilicon and we are hopeful for a swift resolution on this matter". " We are confident this regrettable situation can be resolved a... [Full Article...]

ARM Cuts Off Huawei in Devastating Move

The BBC has obtained internal memos ordering ARM employees to stop working on all Huawei contracts and cases to provide any support. "We value our close relationships with our partners, but recognise the pressure some of them are under, as a result of politically-motivated decisions", the company stated, addressing Arm's suspension. [Full Article...]

Huawei: 90 days temporary license means nothing to us

Huawei: 90 days temporary license means nothing to us Huawei has addressed the uncertainty and answered some of the questions emerging in the minds of users following Google's restriction. Here are some of doubts which the Chinese telecom firm has clarified. The big thing that's being written out of their future, however, are further Android OS updates from Google . "If you have a Huawei phone, don't freak out, the Play Store is not b... [Full Article...]

Indian Stock Markets Surge After Exit Polls Hint Modi Govt's Return

Indian Stock Markets Surge After Exit Polls Hint Modi Govt's Return A day after exit polls predicted a sweeping victory for the BJP-led National Democratic Alliance ( NDA ) in the Lok Sabha elections, Congress leader Priyanka Gandhi on Monday released an audio message advising party workers to not fall for "rumours" meant to make them drop their guard ahead of the counting of votes on May 23. [Full Article...]

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...]


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