Business

Facebook Wants To Make Social Networks More Private

Facebook Wants To Make Social Networks More Private The company will focus on private and encrypted communications, where users can message smaller groups of friends, according to a New York Times analysis of the news . Facebook exists primarily to sell advertisements - and its entire business model rests on mining our data to do just that. After being involved in many data breaches and privacy debacles, Zuckerberg said he aims to build Facebo... [Full Article...]

Wilson-Raybould vs. Butts: Two versions of the SNC-Lavalin affair

Wilson-Raybould vs. Butts: Two versions of the SNC-Lavalin affair Wilson-Raybould resigned from Cabinet last month after being demoted to veteran affairs minister the month before. If Trudeau should lose another Cabinet minister before the election his leadership could be called into question and already shaken Liberals could rebel. [Full Article...]

Elizabeth Warren Wants to Break Up Amazon, Facebook, and Google

Elizabeth Warren Wants to Break Up Amazon, Facebook, and Google Warren, an antitrust advocate who hammered big banks following the 2007-2009 financial crisis, said she would select regulators who would seek to break up what she called "anti-competitive mergers " such as Facebook's recent buyout of Instagram and Amazon's purchase of Whole Foods. [Full Article...]

China Agrees to Tesla Remedy for Model 3 Customs Block

China Agrees to Tesla Remedy for Model 3 Customs Block They were last down 1.3 percent at $281.73. Producing cars locally is also likely to help Tesla minimize the impact of the Sino-U.S. trade war, which has forced the auto maker to lower prices of its U.S. It is due to come online later this 2019. The electric auto will be put on a disadvantage as it will be taking against the government subsidized, locally-made electric vehicles. [Full Article...]

China sets 2019 GDP growth target at 6-6.5 pct

China sets 2019 GDP growth target at 6-6.5 pct China's imports also fell at the start of the year. To help lift the economy, fiscal policy will become "more forceful", with the government penciling in cuts of almost 2 trillion yuan (US$298.3 billion) in taxes and fees for companies. economic and trade friction, in particular, "had an adverse effect on the production and business operations of some companies and on market expectations", said ... [Full Article...]

U.S. looking at new sanctions against Venezuela - U.S

U.S. looking at new sanctions against Venezuela - U.S Speaking at an event marking the sixth anniversary of the death of his predecessor and political mentor, Hugo Chavez, Maduro said: "While a crazed minority continues with their hatred, with their bitterness, it's their problem". "They better know that the pressure has barely begun". The US is already trying to cripple Maduro's access to finances via sanctions on state oil company PDVSA and handi... [Full Article...]

Family Dollar will close 390 stores this year

Family Dollar will close 390 stores this year Dollar Tree will also take 200 existing Family Dollar stores and re-banner them as Dollar Tree locations. Dollar Tree bought Family Dollar in 2015 for $8.5 billion, hoping to grow its customer base, reduce costs and fend off bigger retailers like Dollar General and Walmart. [Full Article...]

Charlotte Russe to close all stores, begin liquidation sales

Charlotte Russe to close all stores, begin liquidation sales But, those plans fell apart when liquidator SB360 Capital Partners won an auction in bankruptcy court for Charlotte Russe's $160 million worth of inventory, and other assets, according to a CNN report . In addition to merchandise now in stores, additional tops, bottoms, jeans, jackets, dresses, shoes and other accessories originally meant to be sold online will be brought to stores from Charlo... [Full Article...]

BUA Chairman, 12 Other Black Persons Make Forbes Billionaires List

BUA Chairman, 12 Other Black Persons Make Forbes Billionaires List Having come in at 96 richest man in the world last year, the Hong Kong-based Kuok is now 104, having gone from a net worth of US$14.5 billion in 2018, to a paltry (LOL!) US$12.8 billion this year. Those Asia-Pacific's rich took the hardest hit, with "60 fewer 10-figure fortunes". He's closely followed by Nigerian oil and telecoms mogul, Mike Adenuga, with $9.1bn. [Full Article...]

Donald Trump Called Apple CEO Tim Cook "Tim Apple" During Meeting

Donald Trump Called Apple CEO Tim Cook As we mentioned earlier, President Trump's mixing up names is most likely a mistake where he meant to refer to Apple as a company, but instead ended up addressing Mr. Others pointed out that Trump's new name for Cook sounded like the contact you would create on your phone to remind you of how you met an acquaintance. [Full Article...]

Tesla's V3 Supercharger cuts down charging times by half

Tesla's V3 Supercharger cuts down charging times by half Tesla estimates that V3's upgrades will reduce typical charging times to around 15 minutes. Tesla has flirted with adding liquid-cooled cables to Superchargers in the past, but the rollout V3 is the first use of the new technology at scale. [Full Article...]

What’s behind the ballooning trade deficit

What’s behind the ballooning trade deficit The deficit in 2017 was $552.3 billion. He said there would either be "a good deal or it's not going to be a deal, but I think they're moving along very nicely". The deficit between the U.S. and the European Union also increased in 2018, up by $17.9bn to $169.3bn. He called the trade deficit "unacceptable". Still, tariffs so far have proven to be a blunt weapon. [Full Article...]

Huawei sues U.S. over government ban on its products

Huawei sues U.S. over government ban on its products We look forward to the court's verdict". While Huawei had very little market share in the U.S. telecoms market before the bill , it viewed Section 889 as a stumbling block to addressing broader problems with Washington as its existence prevented any steps toward reconciliation. [Full Article...]

Gerald Butts to give PMO version of events in SNC-Lavalin affair

It would force the company to pay stiff penalties but avoid a criminal conviction that could financially cripple it. The Prime Minister wanted Wilson-Raybauld in the portfolio of Indigenous Affairs, but she refused says Butts. Both had been symbols of the Liberals' ability to recruit strong female candidates: Wilson-Raybould is a lawyer and former regional chief of the British Columbia Assembly ... [Full Article...]

Ernst & Young still can't find missing Quadriga funds

Ernst & Young still can't find missing Quadriga funds In its most recent report , the monitor detailed efforts of its blockchain experts to trace the electronic trail of cryptocurrency in and out of six cold wallets initially identified by Quadriga as a likely repository for funds held on behalf of roughly 115,000 clients. [Full Article...]

Japan unexpectedly grants ex-Nissan boss bail after months behind bars

Japan unexpectedly grants ex-Nissan boss bail after months behind bars Ghosn left the detention centre in northern Tokyo flanked by guards, wearing a blue cap, a white medical face mask and a work jacket with orange reflective stripes. Former Nissan chairperson Carlos Ghosn. Hironaka referred to his client's long detention as an example of Japan's system of "hostage justice", and accused prosecutors of "lacking in balance" by bringing charges against Ghosn whi... [Full Article...]

Indian-origin woman dentist missing in Australia

Indian-origin woman dentist missing in Australia Dr Reddy grew up in Sydney and got her dental degree in 2009, and was taking courses in dental implants. She was not seen or heard from since. "Her family and I are very concerned for her safety". She was reported missing when she failed to come home. "I spoke to her last Thursday and it was "see you next week" and completely normal". The body of Dr Preethi Reddy was found in a suitcase ... [Full Article...]

Papa John's Founder John Schnatter Will Leave the Company's Board

Papa John's Founder John Schnatter Will Leave the Company's Board Papa John's founder John Schnatter is leaving its board of directors as part of a settlement that appeared to resolve a bitter dispute for control of the world's third-largest pizza chain. FILE PHOTO: The Papa John's store in Westminster, Colorado, U.S. August 1, 2017. The poison pill was created to keep shareholders, seemingly Schnatter, from taking control of the company by acquiring shares ... [Full Article...]

Trade deal will allow more Australian ownership, investment in Indonesia

Trade deal will allow more Australian ownership, investment in Indonesia Simon Birmingham , Australian Minister of Trade said the agreement "will take Australian and Indonesian relations to a new plane" that will benefit both countries on a richer sense. A trade deal between Indonesia and Australia has been hailed as sending a timely signal to the world about the importance of free trade. " Today is definitely the brightest moment of the Indonesia-Australia relation... [Full Article...]

Victor submits claim for $1.5 billion Mega Millions jackpot

Victor submits claim for $1.5 billion Mega Millions jackpot The victor has chosen to receive a one-time cash payment of $877,784,124, according to the South Carolina Education Lottery Commission . The biggest jackpot in US history - a $1.585 billion Powerball prize won on January 13, 2016 - was split between buyers in three states. [Full Article...]


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