Money

Money Cut to cash rate likely 'appropriate': RBA
Author: 0 Cut to cash rate likely 'appropriate': RBA

Unemployment climbed to 5.2% in April and inflation in the first three months of this year was tepid. The Australian dollar huddled near five-month lows on Wednesday as investors piled into wagers for two cuts in interest rates this year, and even the chance of a third in 2020.

Money Panasonic halting business with Huawei after United States ban-spokesman
Author: 0 Panasonic halting business with Huawei after United States ban-spokesman

OnePlus and Huawei have also announced their latest 5G phones will also be launching soon so watch this space. EE, which is preparing to launch 5G service in six British cities later this month, said on Wednesday (May 22) that it would no longer offer a new Huawei smartphone as part of that service.

Money Huawei is to rollout its mobile OS as early as this fall
Author: 0 Huawei is to rollout its mobile OS as early as this fall

Google also controls access to several add-on software, such as the Play Store. If not, they could return the phone under the Consumer Guarantees Act, subject to some conditions. Instead, the Chinese company will have to do this on its own, using the open-source version of Android. Following the recent ban on Huawei purchasing from U.S.

Money US Postal Service Begins Testing Self-Driving Trucks
Author: 0 US Postal Service Begins Testing Self-Driving Trucks

The pilot program involves five round trips, each totaling more than 2,100 miles (3,380 km) or around 45 hours of driving. The US Postal Service is working with a self-driving truck company to test autonomous mail deliveries along a key route in the Southwest.

Author: 0 Vodafone postpones 5G launch event due to Huawei's Google ban

EE was widely expected to start service in select Brit cities including "that London" this month, but today nailed down a date: 30 May. EE has been in touch to say: "We're working with Huawei and Google to make sure we can carry out the right level of testing and quality assurance so our customers have a great experience with any smartphones we range in the future".

Author: 0 Things get worse as ARM (Arm Holdings) suspends business with Huawei

Britain's largest mobile phone network will be launching its 5G services next week, but, according to The Financial Times , it will not be offering Huawei phones as it had first intended. ARM gave a statement to BBC that it was "complying with all of the latest regulations set forth by the USA government". The memo the broadcaster saw says employees can't "provide support, delivery technology (whether software, code, or other updates), engage in technical discussions, or otherwise ...

Money Ryanair warns Boeing grounding is hurting business
Author: 0 Ryanair warns Boeing grounding is hurting business

Average fares for the full year to March 2020 are likely to be between 2 per cent lower and one per cent higher than last year, he said. Profit for the fiscal year 2019 declined 39 per cent to €885m, and the company said earnings could decline further.

Money Japan's economy grows annualized 2.1 pct in Q1
Author: 0 Japan's economy grows annualized 2.1 pct in Q1

Underscoring this challenge were private consumption and capital expenditure readings, which both fell in the first quarter, while exports suffered the biggest fall since 2015. There have been growing calls from some former policymakers to delay the sales tax hike in the face of worsening domestic and external conditions. While capital spending held up much better than expected during the first quarter, slowing global growth-especially in China, Japan's biggest market-and rising trade ...

Money Trump’s ban will limit US to inferior, more expensive alternatives- Huawei
Author: 0 Trump’s ban will limit US to inferior, more expensive alternatives- Huawei

CNBC runs through what that means if you own a Huawei phone right now, or are looking to buy one in the future.Longer term impact? The ban means that Huawei will not be given advanced access to Google security updates, resulting in a sizeable disparity between the general release of the update and when it will be available to Huawei users.

Money Huawei Will Always Need US Chips: Huawei CEO
Author: 0 Huawei Will Always Need US Chips: Huawei CEO

The biggest story in the tech world this week is President Trump's executive order to restrict USA companies from supplying products to Huawei. Google confirmed on Monday it was restricting Huawei's access to the Android operating system on which the Chinese firm's mobile devices depend.

Money Dressbarn closing all 650 stores, ceasing operations
Author: 0 Dressbarn closing all 650 stores, ceasing operations

There is no set timeline for when the stores will close. "Dressbarn parent Ascena also owns women's apparel brands Ann Taylor and Loft, among others", reports the Wall Street Journal. Dressbarn, the women's clothing chain founded in the 1960s as a place where women in need of career-wear "could find fashion at a value", is closing all its stores.

Money Indian stocks, rupee rally as Modi vote win predicted
Author: 0 Indian stocks, rupee rally as Modi vote win predicted

Ahead of the declaration of results for the Lok Sabha elections on May 23, Bharatiya Janata Party (BJP) president Amit Shah will host allies of ruling National Democratic Alliance (NDA) over dinner on Tuesday, according to senior functionaries of the party aware of the matter.

Money USA lifts metal tariffs on Canada, Mexico
Author: 0 USA lifts metal tariffs on Canada, Mexico

Flavio Volpe, the head of Canada's auto parts industry group, said the tenor of talks had markedly improved. Canada argued last summer's tariffs were illegal. US Vice-President Mike Pence said last Friday that he would meet Canada's Prime Minister Justin Trudeau in Ottawa on May 30 to discuss "advancing" ratification.

Money Huawei Stocks Took A Dive After The US Blacklisted Huawei & Affiliates
Author: 0 Huawei Stocks Took A Dive After The US Blacklisted Huawei & Affiliates

Chinese state-run media Yicai Global reported in November 2018 that Huawei has 92 core suppliers, 36 percent of which are USA companies. Huawei Technologies' founder and chief executive Ren Zhengfei said on Saturday that the growth of the Chinese tech giant "may slow, but only slightly" due to the USA restrictions.

Money Modi set to return to power: Exit polls
Author: 0 Modi set to return to power: Exit polls

Votes are set to be counted on May 23 and exit polls suggest a better showing for the NDA than what was expected in recent weeks. The India Today-Axis My India poll gave a broad range for the BJP (21 to 25 seats) and between three and six seats for Congress, and one for others.

Money NTSB links Tesla crash to Autopilot; 3rd such fatal accident
Author: 0 NTSB links Tesla crash to Autopilot; 3rd such fatal accident

In a preliminary report on the March 1 crash, NTSB said that data and video from the Tesla show that the driver turned on Autopilot about 10 seconds before the crash on a divided highway with turn lanes in the median. Earlier this year, the company said it would cut its workforce by 7% after the "most challenging" year in its history. "While our investigation with authorities is ongoing, we have found that only a few battery modules were affected and the majority of the battery pack ...

Money Tesla’s ‘Autopilot’ engaged in Florida fatal crash
Author: 0 Tesla’s ‘Autopilot’ engaged in Florida fatal crash

The NTSB stated, however, that none of the videos or data from the incident indicate the Autopilot or driver carried out evasive moves. The Model 3 was going 68 miles per hour when it hit the trailer on US 441, and the speed limit was 55 mph, the report said.

Money Uber adds 'quiet mode' in luxury service upgrade
Author: 0 Uber adds 'quiet mode' in luxury service upgrade

Those rides where you just want peace and quiet to reflect and your driver bombards you with endless questions or even worse, they unload on you about something leaving you unsure how to respond. No matter how convenient and tech savvy Uber is, at the end of the day, I am still a woman, alone in a stranger's vehicle when I opt into using this service.

Money Walmart takes on Amazon Prime with free, next-day deliveries
Author: 0 Walmart takes on Amazon Prime with free, next-day deliveries

The Walmart deal will be available to online shoppers in Phoenix and Las Vegas and then expand to Southern California in the coming days, the head of its USA e-commerce service, Marc Lore, told Reuters in an interview. The move ramps up Walmart's efforts to keep pace in electronic commerce with Amazon , which offers speedy deliveries to its Prime subscription members.

Money Weak spots emerge in China's economy as trade war intensifies
Author: 0 Weak spots emerge in China's economy as trade war intensifies

If Trump follows through on his threat to slap 25 percent tariffs on an additional $325 billion of Chinese-made goods, that trend will accelerate. "Make your product at home in the United States of America and there is no Tariff". Calling on the United States to "carefully weigh its gains and losses, grasp the situation and get back on the right track as soon as possible", Geng urged the US side to meet China halfway in achieving a mutually beneficial and win-win agreement on the basis of ...

Money Bitcoin breaks past $8,000 to hit yet another 2019 price record
Author: 0 Bitcoin breaks past $8,000 to hit yet another 2019 price record

The advance comes only a few days after the digital asset broke through $6,000, and looks set to boost investor interest in conferences on the technology underlying the biggest crypto asset taking place in NY this week. The largest cryptocurrency is on a tear after trading closer to $5,000 at the start of May and has more than doubled since mid-December. They may find it tempting as the biggest cryptocurrency has gained 60 per cent in a more than two-week climb, compared to a bloody stretch ...

Money Amazon To Employees: We’ll Pay You To Quit And Haul Packages
Author: 0 Amazon To Employees: We’ll Pay You To Quit And Haul Packages

More than 200 Amazon delivery businesses have been created since the program was launched, according to Amazon's vice president of global delivery services, John Felton . The move is a way for Amazon is to control more of its deliveries , rather than relying on the US postal service or other carriers such as UPS. They also will have access to Amazon-branded vans customized for delivery , branded uniforms and comprehensive insurance.

Money Global Stocks Tumble Due to US-China Trade War
Author: 0 Global Stocks Tumble Due to US-China Trade War

The broad-based S&P also fell 2.4 per cent to 2,811.87, while the tech-rich Nasdaq Composite Index tumbled 3.4 per cent to 7,647.02. Stocks plunged in trading Monday after China announced retaliatory tariffs on US goods and as prospects for a deal to avert a trade war seemed more remote.

Money Trump warns China not to retaliate against tariff hike
Author: 0 Trump warns China not to retaliate against tariff hike

GDP before the dispute began, meaning that a complete cessation "would have only a modest impact on U.S. GDP growth". The pan-European STOXX 600 index lost 1.21%. "But the latest tariff escalation is far too great a gamble for the USA economy". The newly accelerated goal - an endeavor likely to cost tens of billions of dollars - comes as NASA has struggled with the help of private partners to resume human space missions from US soil for the first time since the shuttle program ended in 2011.

Money Jury awards $2 billion to Livermore couple who says Roundup caused cancer
Author: 0 Jury awards $2 billion to Livermore couple who says Roundup caused cancer

A California jury has awarded $2.055 billion to Alva and Alberta Pilliod of Livermore, California. Bayer , Monsanto's parent company, released a statement claiming that the couple had "long histories of illnesses known to be substantial risk factors for non-Hodgkin's lymphoma" and countered allegations that an active ingredient in Roundup, glyphosate , has been linked to cancer.

Money China to impose tariffs on USA goods despite Trump warning
Author: 0 China to impose tariffs on USA goods despite Trump warning

President Trump's trade policy with China carries potential risk and reward for the 2020 election, argues Fox News senior political analyst Brit Hume. An hour before the Tariff Council's announcement, Trump wrote on Twitter that "China should not retaliate" against the latest United States moves.

Money Saboteurs attack Saudi oil vessels amid Middle East tensions
Author: 0 Saboteurs attack Saudi oil vessels amid Middle East tensions

The owner of the Norwegian vessel, Thome Ship Management, said the vessel was "struck by an unknown object". A second has been surrounded by a boom as a precaution to contain any oil leak. The Saudi-flagged oil tanker Al Marzoqah . - "While the presence of the US Fifth Fleet should ensure that the critical waterway remains open, provocative Iranian military manoeuvres are likely in the immediate offing as is a nuclear restart", analysts at bank RBC wrote on 22 April.

Money Rand Paul Warns Trump on China Tarriffs
Author: 0 Rand Paul Warns Trump on China Tarriffs

Trade tensions between the United States and China escalated today, as the Dow Jones Industrial Average fell by over 700 points after China said it would raise tariffs on $60billion worth of U.S. That dealt a major setback to the talks. "I love the position we're in", he said during a joint news conference at the White House with Hungarian Prime Minister Viktor Orban.

Money Trade deal now or 'far worse' in 2020: Trump to China
Author: 0 Trade deal now or 'far worse' in 2020: Trump to China

Details on the process for public notice and comment will be posted Monday, ahead of a final decision on the new tariffs, Lighthizer said . China earlier said that it would retaliate with " necessary countermeasures " to the new barrage of American tariffs.

Money Supreme Court allows consumers antitrust suit against Apple
Author: 0 Supreme Court allows consumers antitrust suit against Apple

A district court decision had said that the iPhone users did not have standing to bring their antitrust claim because the developers - not Apple - are the ones selling the apps. The court has not declared Apple monopolists yet, but this ruling does allow the case to proceed. Four iPhone owners sued the company in a case titled Apple v.