Tuesday August 20-th, 2019

Microsoft, Nintendo, and Sony Share Joint Letter Against US Tariffs Microsoft, Nintendo, and Sony Share Joint Letter Against US Tariffs

Microsoft , Sony and Nintendo all say that they "appreciate the Administration's goal of strengthening the protection of IP in China" but video game consoles aren't being targeted by China. So these tariffs could not only bungle next-gen consoles...

New bill could force Facebook, Google to disclose value of users' data New bill could force Facebook, Google to disclose value of users' data

In an age where data is exploited as one of the world's most valuable resources, the law would put a spotlight on what's otherwise been a hidden side to the tech economy - and put pressure on other countries to do the same. Warner notes that consumer...

Hackers Hit Global Telcos in Espionage Campaign With Links to China

The research firm said it has not yet seen the attacks target North American-based providers, but the situation remains "fluid", according to TechCrunch . Here's an example of the type of data that would have been available to attackers. Expose as...

DJI Strikes Back With Government Edition Drone and Senate Letter DJI Strikes Back With Government Edition Drone and Senate Letter

This new investment will expand DJI's footprint in the U.S.so we can better serve our customers, create U.S.jobs, and strengthen the USA drone economy. Further adaptions to the Mavic 2 Enterprise Dual also mean that data it collects will only be ke...

Dutch telephone outage takes out emergency number Dutch telephone outage takes out emergency number

Anna Posthumus, a spokeswoman at the National Coordinator for Security and Counter-Terrorism, said it is "too early to say" whether there may have been a cyber attack. MPs called on the minister to overhaul the emergency number system but Grapperhaus...

Treasury Secretary Says U.S., China Were Close to Trade Deal Treasury Secretary Says U.S., China Were Close to Trade Deal

A trade deal with China would alleviate investor concern that the Trump administration's trade war will crimp corporate profits and create economic headwinds. China denies forcing USA companies to hand over trade secrets and says the surplus is much ...

Powell says Fed won't buckle to pressure from Trump on rate cuts Powell says Fed won't buckle to pressure from Trump on rate cuts

The Fed, which paused its rate-hike campaign this year and suggested last week that it could cut borrowing costs as early as next month amid concerns about U.S. Money markets are now pricing in up to three rate cuts this year. The New Zealand dolla...

US durable goods orders fall 1.3% in May with aircraft down US durable goods orders fall 1.3% in May with aircraft down

A separate report Wednesday showed that the US merchandise-trade deficit widened in May to a five-month high amid a surge in imports following President Donald Trump's decision to increase levies on $200 billion of items from China.The durables repor...

Bangkok climbs rankings in most expensive cities survey Bangkok climbs rankings in most expensive cities survey

Mercer spokesperson Katie Costa said the falls were largely due to the New Zealand dollar falling against the USA dollar. But Glasgow bucked the trend seen elsewhere in the United Kingdom, by moving up the rankings in the list of the world's most e...

Hunt takes aim at PM rival Johnson's 'do or die' Brexit pledge Hunt takes aim at PM rival Johnson's 'do or die' Brexit pledge

In a letter to his rival, Mr Johnson said the "central question" in the leadership contest was the issue of whether the next prime minister would commit to leaving the European Union by October 31. "...it might trigger an election, it might trigger a...

US chip firm says it can 'lawfully' sell some items to Huawei US chip firm says it can 'lawfully' sell some items to Huawei

It's not clear how many other suppliers have reached the same conclusion. The Trump Administration said Huawei helps Beijing in espionage and represents a security threat - charges the company denies. In its guidance for the current quarter, Micr...

US Fed like a 'stubborn child': Donald Trump US Fed like a 'stubborn child': Donald Trump

President Trump denied that he threatened to demote Federal Reserve Chairman Jerome Powell even though he says he has the right to do so. "I'm not happy with his actions", Trump said of Powell, according to a transcript provided by the networ...

Bitcoin's Share of $350 Billion Crypto Market Highest Since 2017 Bitcoin's Share of $350 Billion Crypto Market Highest Since 2017

Bitcoin (BTC ) traded 5.2% higher against the dollar and now trades at $11,158.25 or 1.00000000 BTC. Chaikin money flow indicator has high reading The Chaikin money flow indicator is explained here . "Only Trend is your friend, never buck the tre...

BMW Motorrad unveils first motorcycle with electric powertrain BMW Motorrad unveils first motorcycle with electric powertrain

The new M Next borrows from the BMW i8 sports vehicle. The design of the rear window takes its cue from the BMW M1. BMW is now trialling the drives in a test vehicle called Power BEV. The company has just revealed its Vision M Next concept, a 6...

United Nations chief says important Mideast peace efforts realise two state vision United Nations chief says important Mideast peace efforts realise two state vision

Kushner was addressing the opening of a workshop in Bahrain to showcase the economic portion of Washington's long-awaited Arab-Israeli peace plan, dubbed "the deal of the century", a $50 billion development blueprint unveiled this week that has bee...

Gold at over 6-year high on geo-political tensions Gold at over 6-year high on geo-political tensions

The market's focus now shifts to whether Washington and Beijing can resolve their trade dispute at a summit in Japan this week of leaders from the Group of 20 leading world economies. Rate-sensitive bank stocks fell 0.87%, as yields on US benchmark d...

New Zealand Plans to Introduce Bank Deposit Protection Regime New Zealand Plans to Introduce Bank Deposit Protection Regime

The New Zealand banking system is already relatively well-capitalised by worldwide standards, but the Reserve Bank believes the country's banking system needs to be significantly more resilient and capable of withstanding a financial crisis than it i...

US Fed to look 'carefully' at Facebook virtual coin Libra US Fed to look 'carefully' at Facebook virtual coin Libra

Powell, speaking at the Council on Foreign relations, also reiterated the Fed's independence , a day after Trump tweeted that the Fed "doesn't know what it's doing". Bloomberg reported last week that the White House had examined whether it could de...

Bombardier to sell regional jet business to Mitsubishi for $550 million Bombardier to sell regional jet business to Mitsubishi for $550 million

Mitsubishi will take over all assets connected to the CRJ sale, production, maintenance and services. "By all indications, that will be the end of this program at the production level", said David Chartrand, spokesman for the International Associat...

AbbVie looks beyond Humira with $63 bln deal for Botox-maker Allergan AbbVie looks beyond Humira with $63 bln deal for Botox-maker Allergan

Gonzalez said the acquisition would allow the company to diversify its drug lineup while continuing to develop new treatments. "The combination of AbbVie and Allergan increases our ability to continue to deliver on our mission to patients and s...

Bound Land Rover Defender exterior leaked Bound Land Rover Defender exterior leaked

The side-view of the next-generation India-bound Land Rover Defender has been leaked online. Found on the Lego news site The Brothers Brick , the new but unreleased brick set is said to be a "replica of the legendary utility vehicle".

Daimler recalls more cars over emissions cheating Daimler recalls more cars over emissions cheating

Its third profit warning since 2018 revealed that the business now expects earnings before interest and taxes to be similar to last year's level of €11.1bn (£9.9bn), compared with the previous guidance of a "slightly higher" EBIT, the FT said.

Amazon Prime Day Is Coming July 15! Amazon Prime Day Is Coming July 15!

Amazon has finally confirmed the details about Amazon Prime Day 2019: The big day will start at midnight PST (3 a.m. EST) on Monday, July 15, and last until 11:59 PST on Tuesday, July 16 (2:59 a.m. He added that there will be new product launches, ...

FedEx refused a Huawei phone to the U.S. amidst Huawei ban FedEx refused a Huawei phone to the U.S. amidst Huawei ban

A company spokeswoman confirmed that the package was USA bound but declined to say what it contained. After the infamous ban hit, numerous Huawei suppliers and partners around the world have ended relationships with the company. technology upon which...

George Soros among billionaires in message seeking new wealth tax George Soros among billionaires in message seeking new wealth tax

Financier George Soros and heiress Abigail Disney are among the wealthiest Americans who believe they should be paying more in taxes . They addressed their proposal to all 2020 presidential candidates, but specifically pointed to a plan put for...

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