• Huawei gets new trademark for its own smartphone operating system
Huawei gets new trademark for its own smartphone operating system

That stacks on top of dropped support from US-based hardware manufacturers such as Qualcomm and Intel. Wang warned that Beijing was ready to "fight to the very end" in its trade war with Washington. China has retaliated with its own levies on USA imports, but it was Washington's subsequent move against Huawei that took the trade war into a new...

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  • British Steel forced into liquidation but will continue to trade
British Steel forced into liquidation but will continue to trade

However, he noted, "The government can only act within the law, which requires any financial support to a steel company to be on a commercial basis". Roy Rickhuss, general secretary of the Community trade union, said: "This news will heap more worries on workers and everyone connected with British Steel, but it will also end the uncertainty under...

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  • Priyanka urges party workers not to believe in exit polls
Priyanka urges party workers not to believe in exit polls

We have to serve them and solve the problem of poverty. He said NDA was committed to addressing problems of all regions. Had a meeting with our esteemed NDA allies, in the presence of PM Shri @narendramodi ji. " NDA has been able to leave its impression of good governance". Domestic institutional investors poured in Rs 3.85 lakh crore in...

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  • Arm staff told they must cut all ties with Huawei
Arm staff told they must cut all ties with Huawei

Arm employees were ordered to stop work on " all active contracts, support entitlements, and any pending engagements " on 16 May, according to the BBC . ARM has offices in California, Washington, Texas and MA. At the start of the week HEXUS wrote about the Google Android software license being taken away from Huawei.

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  • Scott Morrison holds onto power in Coalition victory
Scott Morrison holds onto power in Coalition victory

The result also indicated a crushing defeat for the Labor Party, with Opposition leader Bill Shorten announcing his resignation from the Labor leadership. "We'll keep doing that". "Our policy agenda was big". Two of the key items on Labor's shopping list were plans to end what it said were "loopholes" in the tax system, especially relating to f...

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  • Baidu,
Baidu, "Google Of China" Reports First Quarterly Loss

Although the company announced a $1 billion stock repurchase plan, the stock price has seen a steep drop of 9.7% in after-hours trading. Visit MarketWatch.com for more information on this news. The 19-year-old internet giant, which controls about 70 per cent of China's online search market, is trying to stay relevant in the mobile era. Considered...

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  • Starbucks' China challenger Luckin raises $561 million in U.S. IPO
Starbucks' China challenger Luckin raises $561 million in U.S. IPO

If you're a listed company, particularly in the USA, that will elevate your brand even further than what it is today. The company priced its IPO at the top of the projected price range at $17 a share. It brought in $125 million in revenue previous year, but spent much more than that on coffee beans, store rent and other costs. Luckin said it's burn...

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  • German startup expects to launch an electric flying taxi service by 2025
German startup expects to launch an electric flying taxi service by 2025

The 36 engines also mean that there's plenty of redundancy if one happens to fail, and there's a triple-redundant flight control too, and the jet is being built to standards set by the European Aviation Safety Agency, and the US Federal Aviation Authority.

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  • Dow Plummets 617 points after China Hits U.S
Dow Plummets 617 points after China Hits U.S

The dollar rose and Treasuries fell. Of the 11 major sectors of the S&P 500 , all but utilities were in the black. Boeing shares declined 4.9% amid speculation the airplane maker could be singled out by China in the trade war. Australian unemployment is out on Thursday. Overnight, U.S. stocks dropped more than 2% as companies that are particul...

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  • Livermore Couple Claiming Roundup Weed Killer Caused Cancer Awarded $2 Billion
Livermore Couple Claiming Roundup Weed Killer Caused Cancer Awarded $2 Billion

Pilliod, but the evidence in this case was clear that both have long histories of illness known to be substantial risk factors for non-Hodkin's lymphoma (NHL)", the company said . A judge later reduced that amount to $ 78 million , and the verdict is being appealed. I mean, people smoke cigaretes, but right there on the label it says you know "may...

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  • Uber CEO unflapped by share losses
Uber CEO unflapped by share losses

Lyft's falling stock this week put pressure on Uber as it finalized the price of the most anticipated IPO since Facebook's debut in 2012. "Until this fight is settled, there is very little reason to invest in either company as while they slug it out rock bottom prices and incentives for drivers will continue to plague profitability".

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  • Apple: The App Store isn't a monopoly 'by any metric'
Apple: The App Store isn't a monopoly 'by any metric'

Justice Brett Kavanaugh sided with the court's four liberal judges - Ruth Bader Ginsburg, Stephen Breyer, Sonia Sotomayor and Elena Kagan - in the ruling. The court did not rule on the plaintiff's merits, but the matter can now be litigated in District Court. FILE PHOTO: Customers walk past an Apple logo inside of an Apple store at Grand Ce...

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  • Saudi Arabia says oil tankers targeted in 'sabotage attack'
Saudi Arabia says oil tankers targeted in 'sabotage attack'

The tankers affected were sailing towards the Persian Gulf and so far, no one has claimed responsibility over the attacks. Neither Saudi Arabia nor the UAE gave details on the nature of the attacks. Also on Sunday, the USA embassy in Baghdad issued a security alert, advising United States citizens of "heightened tensions in Iraq". Dubai's bench...

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  • Ferrari says no more engines for Maserati
Ferrari says no more engines for Maserati

Ferrari was spun off from FCA in 2015 but continued to supply its 3.8-litre twin-turbo V8; 3.0-litre twin-turbo V6; and 4.7-litre naturally aspirated V8 engines to Maserati. He also said that while there's no definitive date for when Ferrari will stop supplying Maserati with engines, it'll likely be in 2021 or 2022. Beyond that point, the Maranello...

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  • Mazda Designs Inline 6-cylinder Engines
Mazda Designs Inline 6-cylinder Engines

Offering a six-cylinder engine has the potential to majorly boost Mazda's image as a luxury brand. This is very interesting news, and the first we've heard of such plans. Even if it has an inline-six instead of a rotary engine, that's a plan we can get behind. The rotating mass of each piston in line makes for a more harmonious operation as opp...

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  • Binance hacked for over $40M worth of Bitcoin
Binance hacked for over $40M worth of Bitcoin

The funds were withdrawn by hackers using a variety of techniques "including phishing , viruses and other attacks", according to Zhao Changpeng. Zhao also posted a link to the electronic history of the theft , which shows the hackers swiped more than 7,074 Bitcoins , worth $41.6 million.

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  • GM to Sell Lordstown Plant, Invest $700M in Ohio
GM to Sell Lordstown Plant, Invest $700M in Ohio

The Lordstown Plant comes in at 6.2 million square feet, and GM has kept it heated and maintained since it closed to keep it ready in the case it reopened. Trump tweeted in March. Toledo Transmission will expand production of the company's all-new 10-speed automatic transmission for trucks and SUVs. CEO Duane Hughes said in a news release Tuesd...

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  • Buffett’s Berkshire turns $21bn profit - but Kraft Heinz numbers missing
Buffett’s Berkshire turns $21bn profit - but Kraft Heinz numbers missing

But Meyer Shields, an analyst at Keefe, Bruyette & Woods, said Berkshire's more conventional holdings - the so-called "value stocks" at the core of Buffett's philosophy - can likely offset any risk from having a position in Amazon . Buffett has said that Berkshire has a succession plan in place for whenever it is needed. Berkshire owns or co-own...

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  • Tesla to raise money after painful 1Q, and Musk is buying in
Tesla to raise money after painful 1Q, and Musk is buying in

The company anticipates gross proceeds of about $2.3 billion, before discounts and expenses. Stock in Tesla jumped Thursday morning by almost 5% at the news, although the company's shares recently have traded at their lowest point in more than two years.

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  • Unemployment Rate Hits Lowest Point in 49 Years
Unemployment Rate Hits Lowest Point in 49 Years

Trump also tweeted a Breitbart story, "The U.S. Created 263,000 Jobs in April, Unemployment Fell to Lowest Level Since 1969". "Unemployment was last this low in December 1969 when it hit 3.5%". No April showers reported in Friday's job report . The sector added just 4,000 jobs last month versus March's zero growth and February's 8,000 gain...

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  • Apple Earnings: iPhone Slips, Services Soar, Stock Spikes
Apple Earnings: iPhone Slips, Services Soar, Stock Spikes

The NASDAQ Composite dropped by 0.6 percent, while the S&P 500 dipped by 0.8 percent after it reached its all-time high. Cook said that, "We feel positive about our trajectory and that the company's "year-over-year revenue performance in Greater China improved relative to the December quarter".

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  • Burger King's Real Meals will have you saying 'YAAS'
Burger King's Real Meals will have you saying 'YAAS'

Hungry patrons can choose a Pissed Meal when they're angry, a Blue Meal when sad, a Salty Meal for those bitter moments and a DGAF for obvious reasons. The music also has been changed to be more authentic to the idea that people can have a range of feelings. Burger King, by the way, has always offered a meat-substitute burger for its vegan and vege...

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  • Trump Again Calls on Fed to Cut Interest Rates
Trump Again Calls on Fed to Cut Interest Rates

The low-rate policy is helping to keep borrowing costs down and supporting an economy that's been growing steadily since late past year. Treasury Secretary Steven Mnuchin had to call major bank CEOs from the pool in Cabo San Lucas and reassure Americans that the Treasury Department stood prepared to ensure the soundness of the financial system.

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  • As US sanctions kick in, Indian refiners brace for costly crude
As US sanctions kick in, Indian refiners brace for costly crude

The May 2 deadline is expected to deliver an oil shock to the leading economies of the world as U.S. President Donald Trump continues to insist that leading importers like India should zero out energy supply from Iran. "Crude prices are off. after the weekly API oil inventory report showed a build of 6.8 million barrels, up from the draw of 3.1 mil...

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  • House panel chairman says Barr must testify Thursday
House panel chairman says Barr must testify Thursday

Prior to the release of the full report, Barr testified before Congress and faced harsh criticism over his comments about the origins of the Trump-Russia investigation. Sen. Mazie Hirono, D-Hawaii, led 11 other senators who penned a letter to DOJ's Inspector General Michael Horowitz and director of Professional Responsibility Corey Amundson, urging...

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  • Burger King's meatless Whopper is going national, MI arrival unknown
Burger King's meatless Whopper is going national, MI arrival unknown

Burger King announced its collaboration with Impossible Foods , manufacturer of the plant-based Impossible Burger , in November. The company declined to specify when or which additional markets the Impossible Whopper would be landing in before the proposed nationwide rollout at the end of 2019, only that the expansion would be coming "in th...

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  • Kim Jong Un arrives in Russian Federation ahead of Putin summit
Kim Jong Un arrives in Russian Federation ahead of Putin summit

North Korean leader Kim Jong-un ordered the execution by firing squad of four foreign ministry officials after the failure of his Hanoi summit with Donald Trump , a report has claimed . One North Korean sanctions complaint that could find a receptive audience in Russian Federation is the Security Council requirement that countries expel North...

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  • Trump threatens European Union with retaliation over ‘unfair’ tariffs on Harley-Davidson
Trump threatens European Union with retaliation over ‘unfair’ tariffs on Harley-Davidson

U.S. President Donald Trump and Vice President Mike Pence stands next to Harley Davidson motorcycles after meeting with Harley Davidson executives at the South Lawn of the White House in Washington U.S., on February 2, 2017. The company said it found 278,000 "new riders" in the United States in 2018 and that "this group is the most diverse acro...

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  • Tesla board shakeup seen as 'important Step' in governance
Tesla board shakeup seen as 'important Step' in governance

But their dispute is far from over : The SEC has since accused Musk of flouting other settlement terms and is looking to hold him in contempt. In a hearing earlier on April 4, Nathan suggested that both sides "take a deep breath, put on your reasonableness pants" and secure a workable solution.

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  • CAPP remains optimistic Trans Mountain will be built, but frustrated with delays
CAPP remains optimistic Trans Mountain will be built, but frustrated with delays

A load of pipes originally destined for the Trans Mountain pipeline sits idle on a Kamloops B.C. rail siding. In February, the National Energy Board (NEB) reiterated its approval of the Trans Mountain pipeline expansion, subject to 156 recommended conditions and 16 new, non-binding recommendations to the federal government created to better prote...

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