ZTE names new CEO

A ZTE spokesman declined to comment. After being hit by American sanctions, Chinese multinational telecommunications equipment and systems giant ZTE has roped in Xu Ziyang, an in-house executive with experience in product research and operations, t... More..

by | Published more than a month ago
Expensive ‘Ultra’ Subscription of Netflix offers 4K and HDR
by | Monday, July 09, 2018

Expensive ‘Ultra’ Subscription of Netflix offers 4K and HDR

The company said in a statement given to USA TODAY: "We continuously test new things at Netflix and these tests typically vary in length of time". Netflix is reportedly testing a new subscription tier calle...More..

by | Sunday, July 08, 2018

Canada: Trade deficit widens amid rising imports - NBF

Canada also imported 13.9 percent more refined petroleum energy products, for a total of Can$1.6 billion in May. Imports of aircraft and other transportation equipment as well as energy products contributed the...More..

Hispanic Unemployment Rate Sinks to All-Time Low in June
by | Sunday, July 08, 2018

Hispanic Unemployment Rate Sinks to All-Time Low in June

The number of employed people in the workforce rose by 102,000, while the number of unemployed jumped by 499,000, suggesting more people entered the labor force and actively sought jobs. USA tariffs on $34 bill...More..

Sonos files for initial public offering
by | Sunday, July 08, 2018

Sonos files for initial public offering

Sonos didn't provide an estimated initial offering price per share. For 2017, it reported revenue of almost US$1-billion, up 10 per cent from a year earlier. As for the Google Assistant, Sonos says it's worki...More..

by | Sunday, July 08, 2018

U.S. jobs report shows room to run as trade war threatens gains

Hispanic unemployment fell to a record low of 4.6 percent in June, and unemployment remains near record lows for African Americans and for Americans with less than a high school degree. Jim O'Sullivan, chief US...More..

Move Over, Warren Buffett-Mark Zuckerberg Is Now the World's Third-Richest
by | Sunday, July 08, 2018

Move Over, Warren Buffett-Mark Zuckerberg Is Now the World's Third-Richest

Zuckerberg moved up the ladder after Facebook shares climbed 2.4 percent Friday. Buffett, the chairman and CEO of Berkshire Hathaway (BRK.A), and once the world's richest person, is now No. The company's st...More..

Iran sees oil price hitting $100 amid supply disruptions
by | Sunday, July 08, 2018

Iran sees oil price hitting $100 amid supply disruptions

For starters, Trump's reimposition of sanctions on Iran after canceling President Barack Obama's nuclear deal with that country has put upward pressure on the commodity, according to Mizuho Securities oil a...More..

by | Sunday, July 08, 2018

United States jobs growth stronger than expected

Some recent reports have suggested that businesses can't find qualified workers at the wages they're offering - but this report "did not have any evidence to back up those claims", said Elise Gould, a senior ...More..

Micron Provides Statement on Fujian Province Patent Litigation
by | Saturday, July 07, 2018

Micron Provides Statement on Fujian Province Patent Litigation

The Micron ban escalates a trade dispute between China and the USA that's engulfing industries from steel to autos and increasingly also the electronics sector, where the two countries' economies are heavily ...More..

Gold: US tariffs kicks in but no evidence of Safe haven bids
by | Friday, July 06, 2018

Gold: US tariffs kicks in but no evidence of Safe haven bids

The tariffs would mark a significant escalation in the trade dispute between the world's two biggest economies. Chinese companies and investors girded for the worst, while economists cautioned any impact on the...More..

Elon Musk offers to help Thai cave rescue
by | Friday, July 06, 2018

Elon Musk offers to help Thai cave rescue

Monsoon flooding cut off their escape and prevented rescuers from finding them for 10 days. Musk said The Boring Company's drilling capabilities might be able to help drop in battery packs and pumps from ab...More..

by | Friday, July 06, 2018

Canada adds 31,800 jobs in June

Average hourly earnings are forecast rising 0.3 percent in June after a similar increase in May. Most economists say they still think the low unemployment rate will eventually force more employers to offer hi...More..

18,000 barrels of Bourbon at risk after rest of warehouse collapses
by | Friday, July 06, 2018

18,000 barrels of Bourbon at risk after rest of warehouse collapses

On Wednesday, the remainder of a bourbon warehouse that partially collapsed last month came crashing down in Bardstown, Kentucky. He says state and federal officials are on the scene to determine if any whi...More..

Shouting CEO, changing rules - inside Tesla's Model 3-building sprint
by | Friday, July 06, 2018

Shouting CEO, changing rules - inside Tesla's Model 3-building sprint

Because of the focus on the Model 3 , the S line was about 800 cars behind schedule to enter the paint shop, the worker said. Instead, it will only be there as a display model. Say in Canada and the States onl...More..

Boeing puts $3.8bn bet on small jets
by | Friday, July 06, 2018

Boeing puts $3.8bn bet on small jets

The tie-up bolsters the duopoly held by Boeing and Airbus as competitive threats emerge from rivals in Russia, Japan and China. Last year Airbus acquired a stake in Bombardier, the Canadian plane maker, which i...More..

Baidu’s self-driving buses will hit Japan’s streets next year
by | Friday, July 06, 2018

Baidu’s self-driving buses will hit Japan’s streets next year

They'll soon begin plying in cities in China including several Chinese cities including the capital of Beijing, Shenzhen, Xiongan, Pingtan, and Wuhan. Chinese tech giant Baidu Inc., in collaboration with a Soft...More..

Canada not helping itself by hitting U.S. with tariffs-White House
by | Friday, July 06, 2018

Canada not helping itself by hitting U.S. with tariffs-White House

Punitive levies on dozens of American products in retaliation for U-S tariffs on Canadian steel and aluminum are set to kick in today and will impact things such as ketchup, coffee and even playing cards - m...More..

PBOC governor says yuan fluctuations due to stronger dollar and external uncertainties
by | Thursday, July 05, 2018

PBOC governor says yuan fluctuations due to stronger dollar and external uncertainties

The yuan's 3 percent decline against the dollar over the past two weeks is largely seen as reflecting fears over a possible trade war between the world's two biggest economies. "The agreement between Chancell...More..

Oil prices climb on tightening U.S. market
by | Thursday, July 05, 2018

Oil prices climb on tightening U.S. market

While OPEC is facing mounting pressure from Trump to do more , America's sanctions on group members Iran and Venezuela are adding uncertainties, just as U.S. However, at its June meeting, OPEC agreed to slig...More..

OPEC Production Jumps In June As Saudis Near Production Record
by | Thursday, July 05, 2018

OPEC Production Jumps In June As Saudis Near Production Record

Still, Iran vowed on Sunday to defeat USA efforts to block its oil exports and warned rival producer Saudi Arabia it would never take Tehran's "place" on the worldwide oil market. WITH Saudi Arabia expre...More..

MSP hike could stoke inflation, prompt RBI to raise interest rates
by | Thursday, July 05, 2018

MSP hike could stoke inflation, prompt RBI to raise interest rates

While the BJP had promised in 2014 to give farmers a price of 1.5 times of cost, an announcement to give effect to the promise was made in the government's fifth and final annual Budget presented on Februar...More..

Institutional Crypto Space Develops as Coinbase Launches Custody Service
by | Thursday, July 05, 2018

Institutional Crypto Space Develops as Coinbase Launches Custody Service

The crypto exchange now is offering what it calls Coinbase Custody: a new storage service for institutional investors. With more cryptocurrencies on board, Coinbase is targeting locations other than Europ...More..

Citing national security, Trump rejects China Mobile's request to sell United States services
by | Thursday, July 05, 2018

Citing national security, Trump rejects China Mobile's request to sell United States services

The decision by the NTIA comes amid an ongoing trade dispute between the US and China, with tariffs on billions of dollars worth of USA and Chinese goods set to take effect later this week. The Trump administra...More..

Nathan's Famous Hot Dog Eating Contest: Time, livestream, how to watch
by | Thursday, July 05, 2018

Nathan's Famous Hot Dog Eating Contest: Time, livestream, how to watch

Chestnut has won 10 of the 11 Nathan's events . Michelle Lesco, left, poses in a stare-down with defending women's champion Mika Sudo during Nathan's Famous International Fourth of July Hot Dog Eating Contes...More..

Economic Watch: Rising trade tension casts shadow on multinational firms
by | Thursday, July 05, 2018

Economic Watch: Rising trade tension casts shadow on multinational firms

The EU now has a 10% levy on U.S. vehicles compared to 2.5% for cars entering the United States. Imports had, it said , not shown a dramatic increase in recent years and largely grown alongside the overall e...More..

Chinese tycoon dies in freak holiday fall in France
by | Thursday, July 05, 2018

Chinese tycoon dies in freak holiday fall in France

Chinese tycoon Wang Jian has died in France in weird circumstances while on a sight-seeing trip. However, the company's expansion was derailed by the Chinese government's decision to curb overseas investment ...More..

Hyundai responds to rumoured FCA merger
by | Wednesday, July 04, 2018

Hyundai responds to rumoured FCA merger

Fiat Chrysler merger rumors are in the news once again, this time with Hyundai. The report suggests that Hyundai (NASDAQ: HYMTF) is waiting for a decline in FCA's stock price before launching the takeover. H...More..

Theresa May's Brexit dilemma continues
by | Wednesday, July 04, 2018

Theresa May's Brexit dilemma continues

In a message on Twitter aimed at Mr Johnson, Mr Gove, Penny Mordaunt, Liam Fox, Andrea Leadsom and Chris Grayling, she urged them to "show your steel on Friday". Responding to Mr Rees-Mogg's comments, the Prime...More..

A look at possible effects of looming tariffs on Chinese goods
by | Wednesday, July 04, 2018

A look at possible effects of looming tariffs on Chinese goods

The powerful US Chamber of Commerce, the nation's largest lobby group with more than 3m members, has launched a campaign to oppose Trump's tariffs , while the European Union threatened to slap retaliato...More..