Money

China's ZTE signed preliminary agreement to lift USA ban

China's ZTE signed preliminary agreement to lift USA ban He noted that if the company does violate it again, in addition to the billion dollars they are paying the United States up front, it would have "to put $400 million into escrow". Trump tweeted last month that he told Commerce officials to find a way for ZTE to resume operations, later suggesting penalties of a $1.3 billion fine and changes to its board and top management. [Full Article...]

'Exciting step' as test drives of flying vehicle begin

'Exciting step' as test drives of flying vehicle begin Google co-founder Larry Page is showcasing his flying auto company's latest model, the Flyer. The company was created past year in Google´s home town of Mountain View, California, and has been testing a prototype in New Zealand. The uncovered cockpit appeared big enough for one person, with their head poking out as it might from a go-kart. However, the company states that the Flyer is only to... [Full Article...]

President Trump Barrels into Tense G-7 Summit

Canadian Foreign Minister Chrystia Freeland said the Russian Federation issue "hasn't been raised around the G-7 table", though she said there have been "some direct conversations in bilateral meetings". The White House then announced Trump would skip some of the G-7 sessions. Even before these developments it had become clear that this would be one of the more contentious G-7 meetings in memo... [Full Article...]

Trump jokes with Trudeau: 'Justin has agreed to cut all the tariffs'

Trump jokes with Trudeau: 'Justin has agreed to cut all the tariffs' Trump injected further uncertainty recently when he floated the idea of replacing NAFTA with two separate trade deals, one with each country. He is not expected to stay till the end of the summit. And I'll tell you what, it's what I do. A quick prompt from Canadian Prime Minister Justin Trudeau produced an all-smiles photo of the G-7 leaders on Friday. [Full Article...]

Weinstein defense: Set to 'begin our fight'

Weinstein defense: Set to 'begin our fight' According to the suit, Melissa Thompson had a 2011 business meeting that ended with Weinstein holding her down and raping her in a Manhattan hotel room. Attorney Gloria Allred, a longtime champion of women's rights who has represented numerous women accusing comedian Bill Cosby of sexual assault, was reportedly in the courtroom, seated in the gallery. [Full Article...]

United Kingdom leader in compromise with ministers on Ireland border

United Kingdom leader in compromise with ministers on Ireland border The so-called backstop proposal was published after last-minute wrangling over the wording with Brexit Secretary David Davis, who was reported to have been considering resigning unless it included a time limit. The previously proposed annexation of Northern Ireland was totally unacceptable. "It would be the Hotel California scenario - we'd have checked out but we wouldn't have left". [Full Article...]

Putin Asked Austrian Chancellor To Arrange Summit With Pres

Putin Asked Austrian Chancellor To Arrange Summit With Pres Russian President Vladimir Putin has praised his U.S. counterpart Donald Trump for his "brave and mature" decision to go ahead with meeting with Kim Jong-un. "If you put it together with an earlier joke that Russian Federation had influenced the USA election, all in all it sounds quite amusing: We have allegedly meddled with the presidential election in the USA and Trump as a thank you has pres... [Full Article...]

Should Heniz Salad Cream change its name?

Should Heniz Salad Cream change its name? But Lidl and Morrisons bosses also said there were "no plans" to change the name of their own products. (Yes we're aware Wellington was a real man, this isn't exactly a serious piece). "We pledge to keep Asda Salad Cream named as Asda Salad Cream, it's what the nation wants". The maker claims that as exclusively 14 per cent of patrons really used the gloopy white sauce on salads, the outdated ... [Full Article...]

NTSB says Tesla driver didn't take wheel before deadly crash

NTSB says Tesla driver didn't take wheel before deadly crash A Tesla running on the Autopilot system, which hit a highway safety barrier in March, didn't try to turn away, didn't brake and in fact accelerated significantly three seconds before the deadly impact, federal investigators said Thursday. [Full Article...]

Microsoft sinks data center off Scottish island

Microsoft sinks data center off Scottish island Many companies are now looking for ways to tackle this problem with low-priced, environment-friendly solutions. This area generates 100% of their energy from wind, solar, and tidal sources which mean the Microsoft data center is running totally on renewables via an undersea cable. [Full Article...]

Medicare and Social Security Finances Worsened Last Year

Medicare and Social Security Finances Worsened Last Year The U.S. government's healthcare program for the elderly will exhaust its reserves for hospital insurance in 2026, three years earlier than last year's forecast, the Social Security and Medicare Boards of Trustees said in a report on Tuesday. [Full Article...]

UK culture secretary throws Murdochs a lifeline to Sky

UK culture secretary throws Murdochs a lifeline to Sky United Kingdom culture minister Matt Hancock said the deal can move forward if Sky News is sold to a suitable third party. In a statement, a Fox spokesman said the company has already taken steps to sell Sky News to Disney . Hancock's comments followed an acknowledgement from Britain's Competition and Markets Authority that Walt Disney Co .'s $52.4 billion bid for most of Fox could elimin... [Full Article...]

ZTE reportedly signs preliminary deal to lift U.S. technology ban

ZTE reportedly signs preliminary deal to lift U.S. technology ban The agreement is also expected to call for other concessions from ZTE, including new board members and increased US oversight of its business. Today a U.S. Senate Minority Leader Chuck Schumer told Reuters he thought Congress should immediately take action to try to block the deal. ZTE ceased major operations earlier this year because of the ban . [Full Article...]

Kudlow: 'Don't Blame Trump' for Trade Conflicts

Kudlow: 'Don't Blame Trump' for Trade Conflicts Canadian Foreign Minister Chrystia Freeland, pressed about a Washington Post report that said the White House was considering additional economic penalties against Canada , told reporters that Ottawa was unaware of any such move. "The government commitment remains NAFTA", said one of several officials, all of whom spoke on condition of anonymity because of the sensitivity of negotiations and ef... [Full Article...]

Tesla Model Y: New Picture Teases Bulky Design for SUV

Tesla Model Y: New Picture Teases Bulky Design for SUV The move would have removed Musk as chairman of the Tesla board. "It's very hard to become a mass-manufacturing vehicle company", Musk, 46, said Tuesday after shareholders voted down a measure that would have required an independent director replace him as chairman. [Full Article...]

Kudlow: Trump Considering Separate Trade Deals With Canada, Mexico

Kudlow: Trump Considering Separate Trade Deals With Canada, Mexico Earlier this year, Mexico and the European Union reached a provisional agreement on an expanded trade deal adding farm products including pork to the tariff-free list. Canada announced dollar-for-dollar tariffs on steel and aluminum, as well as sanctions of 15 percent to 25 percent on whiskey, orange juice and other food products. [Full Article...]

Google scrubs U.S. military contract following protest by employees

Google scrubs U.S. military contract following protest by employees Over 3,000 Google employees signed a petition in April that was attached to an open letter addressed to Google CEO Sundar Pichai and published in the New York Times . The company's decision to join hands with the U.S. military had caused a lot of uproar in the social media and many employees had resigned due to this. [Full Article...]

Qatar Air CEO Says a Woman Could Never Do His Job

Qatar Air CEO Says a Woman Could Never Do His Job The 56-year-old CEO told journalists that women were not being underrepresented at the airline, adding: "Of course it has to be led by a man, because it is a very challenging position", he said, prompting boos from audience members. "So we actually encourage women". Some rivals have taken action to promote more women to senior positions. He said recently: "It's the right business thing to do a... [Full Article...]

What you need to know before voting in Iowa’s primary election

What you need to know before voting in Iowa’s primary election Many grassroots activists are frustrated by the Democratic Congressional Campaign Committee putting their thumb on some races by endorsing candidates they view as not representing their values (the DCCC says they picked candidates with strong appeal to them and the broader electorate). [Full Article...]

China offers to buy $70 bn in USA goods

China offers to buy $70 bn in USA goods USA steel products on the list include steel plates, bars and rods, along with rolled steel. Mexico's trade negotiators designed the list, in part, to include products exported by top Republican leaders' states, including in where Vice President Mike Pence was formerly governor, according to a trade source familiar with the matter. [Full Article...]


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