Economy

Japan restricts chip smartphone materials exports to South Korea

Japan restricts chip smartphone materials exports to South Korea

Starting Thursday, Japanese manufacturers must apply for approval for each technology-related contract, such as sales of fluorinated polyimides used for displays, the ministry said. South Korea's fo...

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Deutsche Bank plans to cut as many as 20,000 jobs in revamp

Deutsche Bank plans to cut as many as 20,000 jobs in revamp

According to sources close to the matter, the bank could present its restructuring plans as early as the current week although the number of cuts had not yet been confirmed. They now have a $5.70 targ...

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Yuan, dollar gain while safe-haven currencies ease

Yuan, dollar gain while safe-haven currencies ease

After meeting Chinese President Xi Jinping in Japan on Saturday on the sidelines of Group of 20 summit, U.S. President Donald Trump said he would hold back on tariffs and that China will buy more farm...

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Stocks perk up on U.S.-China trade truce

Stocks perk up on U.S.-China trade truce

President Donald Trump and China's Xi Jinping agreed to shelve new import tariffs and continue trade talks. He also cut a temporary deal with Chinese tech giant Huawei allowing USA suppliers to sell...

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FDA investigation links 16 dog food brands to canine heart disease

FDA investigation links 16 dog food brands to canine heart disease

There are 16 brands that the FDA warned against including Acana, Zignature, Taste of the Wild, 4Health, Earthborn Holistic, Blue Buffalo, Nature's Domain, Fromm, Merrick, California Natural, Natural...

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Trump gives go ahead to Huawei, allows to buy from United States companies

Trump gives go ahead to Huawei, allows to buy from United States companies

President Donald Trump will likely reach a deal with China this summer given his "deeply underwater polling in key 2020 states", Pantheon Macroeconomics Chief Economist Ian Shepherdson writes in a n...

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Southwest expects Boeing 737 MAX cancellations beyond Oct. 1 - CEO

Southwest expects Boeing 737 MAX cancellations beyond Oct. 1 - CEO

Several others who testified also criticized Boeing's pilot training for the aircraft, with some saying that Boeing's zeal to minimize pilot-training costs for airlines buying the 737 Max jet contribu...

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Law to make electric vehicles noisier comes into effect

Law to make electric vehicles noisier comes into effect

The EU legislation allows auto manufacturers to decide what their AVAS sounds like, but it says the sound should be similar to and no louder than the sound a vehicle with a combustion engine makes. T...

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European stocks seen sharply higher after US-China trade truce

European stocks seen sharply higher after US-China trade truce

The tech-heavy Nasdaq added 77 points, or 0.96%, to 8,083 in afternoon trading, after President Donald Trump promised to soften a ban on USA companies doing business with Huawei Technologies Co., the ...

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Saudi energy minister says nine-month OPEC+ extension most likely

Saudi energy minister says nine-month OPEC+ extension most likely

The OPEC + deal has a mixed track record of supporting oil prices , in part because some members have at times over-produced. New U.S. sanctions on Iran have reduced its exports to a trickle as Wa...

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Safaricom CEO Bob Collymore dies

Safaricom CEO Bob Collymore dies

Revenue from the mobile payment service M-Pesa went up by 19.2 percent standing Sh74.9 billion. In a press conference announcing his death, Safaricom's board chair, Nicholas Ng'ang'a, said that Collym...

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Frustrated Brits can dump mobile providers by text as of today

Changing contracts has just got a whole lot easier. It's nearly as if the system is trying to make it as hard as possible for you to leave. If you remain stolid in the face of such entreatments, you...

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New Report Sheds More Light on Jony Ive’s Departure From Apple

It doesn't offer a single answer; instead, a multitude of issues piled up over the years. Under the presidency of Jobs, the whole team responsible for design lived the continuous challenge represent...

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Tokyo to curb export of high-tech material to S. Korea

Tokyo to curb export of high-tech material to S. Korea

Tighter export controls, effective from July 4, would slow the export process by several months, potentially affecting South Korean tech giants such as Samsung Electronics, SK Hynix and LG Electro...

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Huawei lifeline shows Donald Trump prefers business deals over cold war

Huawei lifeline shows Donald Trump prefers business deals over cold war

During the talks between the two leaders, it was agreed the trade war between the two superpowers would be paused. In their final statement, the G20 leaders admitted that "most importantly, trade ...

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Trump tells China's Xi open to 'historic' trade deal

Trump tells China's Xi open to 'historic' trade deal

China has accepted the invitation, Nishimura said. The trade war has hurt both American farmers, and Chinese businesses, and sent economic ripples around the world. "We will be continuing to nego...

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USA corn plantings top expectations despite floods; prices sink

Soybeans can be planted later in the year than corn. Forecasts for US corn seedings are for around 86.5 million acres compared to 92.792 million acres in the March USDA forecast. Some drier conditio...

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USA and China agree to resume negotiations

USA and China agree to resume negotiations

He wants to make a deal. We agree that I will not be putting tariffs on the 325-billion dollars, that I would have the ability to put on if I wanted. It is obvious that tariffs will not solve any pr...

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Lego strikes deal to buy back Legoland, other theme parks

Lego strikes deal to buy back Legoland, other theme parks

Edinburgh Dungeon owner Merlin Entertainments has agreed to a near-£5 billion takeover from Lego's owners, a private equity giant and a Canadian pension fund. Merlin, Kirkbi, Blackstone and CPPIB ...

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Fisher-Price recalls 71,000 inclined infant sleepers

Fisher-Price recalls 71,000 inclined infant sleepers

Fisher-Price issued a recall Thursday for over 70,000 inclined sleeper attachments. The Fisher-Price play yard involved in the recall includes model numbers CBV60, CHP86, CHR06, CJK24 and DJD11 ....

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Facebook unveils new digital currency, Libra

Facebook unveils new digital currency, Libra

Just hours after Facebook announced its new Libra crypto-currency project, United States federal lawmakers issued warnings to the social media platform, requesting the project be put on ice un...

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Gillette Recalls Razors Due to Possible Laceration Hazard

Gillette Recalls Razors Due to Possible Laceration Hazard

The razors - which are pink, purple, and yellow - were sold in two types of packages: a Venus Simply3 Disposable Razor 4-pack and a Daisy 12+1 Venus Simply3 Bonus Pack. Procter & Gamble Co. announ...

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Deutsche Bank passes U.S. stress test in surprise Fed decision

Deutsche Bank passes U.S. stress test in surprise Fed decision

The Fed is requiring the firm to address weaknesses in its capital adequacy process by October 27, 2019. With the Fed no longer pushing lenders to increase capital reserves each year, and banks grow...

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Theranos Founder Holmes Gets Aug. 2020 Criminal Trial Date

Theranos Founder Holmes Gets Aug. 2020 Criminal Trial Date

Holmes plans to argue that Carreyrou didn't just report on Theranos, but urged sources to file formal complaints against the company and exerted influence "on the regulatory process in a way that appe...

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BMW believes in the future of diesel engines

BMW believes in the future of diesel engines

If true, people can probably stop freaking out about diesel resale value, or ICE resale value in general. However, while BMW is prepping new electric and hybrid vehicles, the company has made a deci...

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Newark Airport reopens after United flight blows two tires during emergency landing

Newark Airport reopens after United flight blows two tires during emergency landing

The airport grounded arriving and departing flights at about 8:45 a.m. Flights resumed shortly after 9:30 a.m. "As someone that's now on a flight that's still stuck on the ground, pls be efficient New...

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Scentre Sells Sydney Towers To Blackstone In $1.1B Deal

Scentre Sells Sydney Towers To Blackstone In $1.1B Deal

Scentre will retain ownership of the mall and Sydney Tower, a 309-meter (1,014-feet) tall landmark housing an observation deck and revolving restaurant. Mr Allen said the company would initially use t...

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United States companies are trading with Huawei, despite sanctions

United States companies are trading with Huawei, despite sanctions

US authorities have not yet commented on this issue. Others are not taking such a hard line stance because they are concerned with how the ban is affecting USA companies; after all, Qualcomm spent...

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The facts behind Trump's push for the Fed to cut rates

The facts behind Trump's push for the Fed to cut rates

U.S. Federal Reserve Chairman Jerome Powell has reinforced the possibility of cutting interest rates, . but stressed the Fed will not respond immediately to short-term and temporary changes. Gold ...

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Western intelligence said to have hacked 'Russia's Google'

Western intelligence said to have hacked 'Russia's Google'

The campaign involved the use of Regin malware and apparently aimed to gather information about the firm's user authentication practices, which the attackers could then utilize to target users. US...

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Alberta to ease oil curtailment by 25,000 barrels per day in August

Alberta to ease oil curtailment by 25,000 barrels per day in August

The province says it is setting a production limit in August of 3.74 million bpd, versus the initial January limit of 3.56 million bpd. It cited growing crude-by-rail capacity, declining oil invento...

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Pet Food Brands Possibly Linked To Canine Heart Disease, FDA Says

Pet Food Brands Possibly Linked To Canine Heart Disease, FDA Says

The breeds most frequently reported are Golden Retrievers, mixed breeds, Labrador Retriever and Great Danes. The company addressed the investigation in 2018, saying "scientists have been unable to p...

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The New Apple Mac Pro Will Be Made In China

The New Apple Mac Pro Will Be Made In China

Production of the world's most expensive cheese grater is said to be ramping up "at a factory near Shanghai", the WSJ's sources told it, noting that Quanta's facility is close to other Apple supplie...

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European Union agrees trade deal with Mercosur after 20 years

European Union agrees trade deal with Mercosur after 20 years

European Trade Commissioner Cecelia Malmstrom has called the deal her top priority. The Mercosur trade bloc consists of Argentina, Brazil, Uruguay and Paraguay, a region with 260 million consumers. ...

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Wall Street edges higher on tech boost; G20 summit eyed

Wall Street edges higher on tech boost; G20 summit eyed

Meanwhile, as markets expect trade talks to resume between Xi and Trump leading to additional United States tariffs to be delayed for a period of time , analysts at ANZ Bank argue that the complexity...

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