• Trump in Damage Control Mode, US Eases Ban on Huawei
Trump in Damage Control Mode, US Eases Ban on Huawei

Huawei said in February that it generated US$270-million from the sale of network equipment in Canada in 2018 and made US$150-million from its consumer smartphone business here. The license allows the company to receive software updates and patches for its Android-based phones . Yesterday, the Commerce Department granted Huawei a license buy USA...

Read more

  • Stocks Rebound as Trade Comments Ease Concerns: Markets Wrap
Stocks Rebound as Trade Comments Ease Concerns: Markets Wrap

Trump has promised to "make it up" to farmers hurt by Chinese tariffs against USA soybeans and other agricultural products with a bailout programme that was previously set at $12bn but may now "go higher". Of course, stocks are still lower than they were last week, following China's pledge to raise tariffs on USA goods. In addition to tariffs relat...

Read more

  • US Supreme Court allows anti-trust suit against Apple
US Supreme Court allows anti-trust suit against Apple

Apple's shares were down more than 5% to $186.79 in mid-afternoon trading. Apple said that app developers, not it, set the retail price for apps. Apple now does not impose the same levies on its own apps; a practice which some software companies allege gives the tech firm an unfair advantage and a monopoly on its own platform.

Read more

  • Jury returns $2 billion verdict against Monsanto for couple with cancer
Jury returns $2 billion verdict against Monsanto for couple with cancer

The verdict in a California state court in Oakland was the third courtroom defeat for Bayer in cases accusing the chemicals in Roundup of causing cancer. "However, the level of compensatory damages is still likely to be somewhat of a concern to the market given the level is above the Hardeman case", they added, referring to $5 million in compensa...

Read more

  • Trump denies planning to send 120,000 troops to counter Iran
Trump denies planning to send 120,000 troops to counter Iran

The UAE Ministry for Foreign Affairs condemned the attack, saying it is "new proof of the Houthi [rebel]'s hostile and terrorist tendencies". European allies who met Secretary of State Mike Pompeo on Monday said that they were anxious that tensions between Washington and Tehran could boil over, possibly inadvertently.

Read more

  • UAE says four vessels targets of 'sabotage' in waters near Fujairah port
UAE says four vessels targets of 'sabotage' in waters near Fujairah port

One of the two vessels was on its way to be loaded with Saudi crude oil from the port of Ras Tanura, to be delivered to customers in the U.S., state-run Saudi Press Agency (SPA) reported. Mousavi "called for clarifications" concerning the "exact dimensions" of Sunday's attacks on ships in the Gulf, the foreign ministry's statement said.

Read more

  • Berkshire Hathaway share price: 3 things to expect from Q1 results
Berkshire Hathaway share price: 3 things to expect from Q1 results

Still, Berkshire Hathaway ended previous year with its Apple investment valued more than the cost of buying the shares. Berkshire Hathaway and Amazon did not immediately respond to a Reuters request for comment. Apple was the largest single holding in Berkshire's US$173 billion ($260.3b) equity portfolio at the end of past year, with a stak...

Read more

  • Apple spent over $30 million on Amazon Cloud in Q1 2019
Apple spent over $30 million on Amazon Cloud in Q1 2019

The company has revealed in the past that it uses AWS for iCloud storage but it did not disclose whether any other Apple services use AWS or other third-party clouds. This is an example of coopetition between the two - they work together even though the two companies offer rival products. Apple may be investing in a significant network of data ...

Read more

  • Pak PM Imran Khan Appoints New Finance Ministry Chief Amid Economic Crisis
Pak PM Imran Khan Appoints New Finance Ministry Chief Amid Economic Crisis

Umar had announced on Thursday that he was stepping down as finance minister after he "convinced" the prime minister that he did not wish to remain a part of the cabinet. Nadeem Babar, who is now the chairman of the Task Force on Energy, has been made the PM's special assistant on petroleum division. Speculation that Umar would leave had been...

Read more

  • Putin to Meet North Korea's Kim in Russian Federation in April, Kremlin Says
Putin to Meet North Korea's Kim in Russian Federation in April, Kremlin Says

But state media did not say whether it was a missile. Her seat in the stands just feet away from United States vice-president Mike Pence gave substance to suggestions she had been entrusted to represent the regime at the highest possible level and that view was cemented when she was at the table of the first, historic inter-Korean summit betwee...

Read more

  • Trump en route to the Twin Cities for tax event
Trump en route to the Twin Cities for tax event

Trump flew to Minnesota on Monday to highlight the $1.5 trillion package of corporate and individual tax cuts he signed into law in 2017. April 15 is a day to take stock. "It's very simple", Trump told reporters last week, and also argued the matter has already been litigated through the 2016 election. The N ew York Timesreported Monday that mo...

Read more

  • Stratolaunch, the World's Biggest Aircraft, Makes Historic 1st Flight
Stratolaunch, the World's Biggest Aircraft, Makes Historic 1st Flight

Test Pilot Evan Thomas told reporters after the first flight that, "The flight itself was smooth, which is exactly what you want the first flight to be, and for the most part, the airplane flew as predicted, which is again exactly what we want".

Read more

  • Ride-hailing Giant Uber Files for IPO, Says 'May Never Make Profits'
Ride-hailing Giant Uber Files for IPO, Says 'May Never Make Profits'

Included in the S-1 was Uber's net income for 2018, which increased to $997m, a major jump in income from its 2017 net loss of over $4m. Disney unveiled more details about its upcoming streaming service. A key question facing Uber now is if it wants to keep pouring funds into its unprofitable ride-hailing business or redirect the tons of cash fro...

Read more

  • Uber Unveils IPO Filing Amid Caution
Uber Unveils IPO Filing Amid Caution

Uber wants a valuation of as much as $100 billion, which would make its issue second in size only to Alibaba's 2014 debut with a $169 billion valuation, reported The Wall Street Journal . Silicon Valley tech workers were quick to embrace Uber, but it wasn't until around 2013 that the service took off more broadly. Although it is a privately held...

Read more

  • Tesla begins offering leases for Model 3
Tesla begins offering leases for Model 3

The electric automaker has removed the Model 3 Standard from its online ordering menu . Now, customers will receive the Model 3 Standard Range Plus model, which features a more premium interior and a battery with a software range limitation.

Read more

  • Fisher-Price’s Rock N Play Recalled After 30 Infant Deaths
Fisher-Price’s Rock N Play Recalled After 30 Infant Deaths

The deaths are believed to have occurred when the infants rolled from their back to their stomach or side, while unrestrained, according to the release. Rock 'n Play Sleepers were sold at major retailers for between $40 and $49. Over 30 fatalities have been reported since the product was introduced in 2009.

Read more

  • Former Ecuadorian President Blasts Successor For Lifting Assange's Asylum: 'The Greatest Traitor'
Former Ecuadorian President Blasts Successor For Lifting Assange's Asylum: 'The Greatest Traitor'

Assange has always denied the Swedish accusations. But Judge Napolitano said that the extradition process to the USA may take years, as the United Kingdom faces legal issues of its own. Looking nothing like the sleek, stylish, leather-jacket wearing provocateur we've become used to, (as he appeared in 2017 in his famous balcony speech ), Assang...

Read more

  • European Union plans for own retaliation in aircraft dispute with US
European Union plans for own retaliation in aircraft dispute with US

Ahead of Trump's announcement, the US Trade Representative released a preliminary list of goods to be taxed, with its whopping 14 pages going into great detail regarding specific goods, from "boiled claims in immediate airtight containers, the contents of which do not exceed 680 g gross weight" to "artists' brushes, writing brushes and similar br...

Read more

  • Job market rebounds with 196K new positions; economy shows signs of slowing
Job market rebounds with 196K new positions; economy shows signs of slowing

The unemployment rate held steady at 3.8 percent in March, with the number of unemployed Americans essentially unchanged from February at 6.2 million. This was the lowest unemployment rate in MA in 15 years. Canada's economy lost a net 7,200 jobs in March, largely in full-time work, Statistics Canada said on Friday.

Read more

  • Unsecured Amazon Cloud Storage Leaked Facebook User Data for Months
Unsecured Amazon Cloud Storage Leaked Facebook User Data for Months

This time, two third-party app development companies left more than 540 million records exposed on a public storage server. The UpGuard Cyber Risk security organisation has found one database belonging to a Mexico-based media company Cultura Colectiva , and one belonging to the now defunct app At The Pool .

Read more