Jun22018 DmediaNo Comments

Britain Won’t Sign Trade Deal with US That Is Not in Its Interests

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Britain will not sign a trade agreement with the United States that is not in the country's best interests, Trade Minister Liam Fox said Saturday after European Union officials filed a complaint with the World Trade Organization over stiff U.S. tariffs on steel and aluminum imports. "If we can't come to an agreement that we believe is in the interests of the United Kingdom, then we wouldn't be signing any trade agreement," Fox said Saturday in an interview with BBC radio. Fox's comments came one day after European Union officials submitted a formal complaint to the WTO, the first in a series of retaliatory actions, including possible tariffs, against the U.S. Fox said the tariffs are "illegal" and that British Prime Minister Theresa May would raise the issue at the…
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Jun22018 DmediaNo Comments

Buffett Lunch: $3.3M Paid for Private Meal with Billionaire

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An anonymous bidder offered more than $3.3 million Friday for a private lunch with Warren Buffett, an amount just short of the record paid in 2016 and 2012 for the chance to pick the brain of the renowned investor and philanthropist. An online auction that raises money for the Glide Foundation’s work to help the homeless in San Francisco ended Friday night on eBay with a winning bid of $3,300,100. The winner wished to remain anonymous. Third highest price paid The price was the third highest in the 18 years Buffett has offered the lunch. Winners paid $3,456,789 in 2012 and 2016, which remain the most expensive charity items ever sold on eBay. Buffett has raised more than $26 million for the Glide Foundation through the annual auctions. Bidders continue…
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Jun22018 DmediaNo Comments

Robotic Falcon Keeps Airports Free of Birds

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Birds and airplanes share the sky, so inevitably collisions occur. But airport authorities try to limit those encounters because bird strikes cause costly damage to jet engines and can lead to crashes. Some airports employ trained dogs, others use loud noises to frighten birds away. A company in the Netherlands says its robotic predator Robird is much more efficient. VOA's George Putic has more. ...
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Jun22018 DmediaNo Comments

Ross Arrives in Beijing for Talks on Trade Surplus

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U.S. Commerce Secretary Wilbur Ross arrived in Beijing on Saturday for talks on China’s promise to buy more American goods after Washington revived tensions by renewing its threat of tariff hikes on Chinese high-tech exports. The talks focus on adding details to China’s May 19 promise to narrow its politically volatile surplus in trade in goods with the United States, which reached a record $375.2 billion last year. President Donald Trump threw the status of the talks into doubt this week by renewing a threat to hike tariffs on $50 billion of Chinese goods over complaints Beijing steals or pressures foreign companies to hand over technology. Compromise on surplus Private sector analysts say that while Beijing is willing to compromise on its trade surplus, it will resist changes that might…
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Jun22018 DmediaNo Comments

Google to End Military Contract Following Employee Complaints

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Google says it will not extend a contract into next year to help the U.S. military analyze drone videos following complaints from company employees. U.S. media reports said Google’s parent company, Alphabet Inc., told Google employees about the decision Friday. The development was first reported by tech publication Gizmodo. Google employees say the tech giant will continue to work on the Maven Project until the contract ends next March. The military project uses artificial intelligence to increase defense capabilities, including using artificial intelligence (AI) to analyze aerial drone imagery. Thousands of Google employees signed a petition urging the company to cancel the contract, arguing that helping the military would violate Google’s motto of “Don’t be evil.” Reuters reports that several hundred Google employees had planned to hold a public rally…
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Jun12018 DmediaNo Comments

Turkish FM, US Secretary of State to Meet Amid Souring Relations

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Turkish Foreign Minister Mevlut Cavusoglu is scheduled to meet with U.S. Secretary of State Mike Pompeo in Washington on Monday amid souring relations between the NATO allies and trading partners over economic and other issues. The talks come as Turkish sectors, such as the major steel industry, reel from the higher tariffs imposed by the U.S. administration on Turkey and other nations. "Huge, huge effect, steel producers are desperate, the psychology is terrible among producers," said Tayfun Senturk, a Turkey-based international steel trader. "For the last three months, there have been no new U.S. orders, and the U.S. is a major market for Turkish producers, especially in piping. If it continues for a few years, there will be closures." In March, President Donald Trump introduced 25 percent tariffs on steel…
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Jun12018 DmediaNo Comments

US Job Growth Forecast: Solid Pace in May

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U.S. employers are thought to have hired at a solid pace in May and helped extend the economy’s nearly nine-year expansion, the second-longest on record, despite uncertainty caused by trade disputes. Economists have forecast that employers added 190,000 jobs last month and that the unemployment rate remained at a 17-year low of 3.9 percent, according to data provider FactSet. The Labor Department’s May jobs report will be released at 8:30 a.m. EDT Friday. Economy firm footing Solid hiring data would coincide with other evidence that the economy is on firm footing after a brief slowdown in the first three months of the year. The economy grew at a modest 2.2 percent annual rate in the January-March quarter, after three quarters that had averaged roughly 3 percent annually. Some economists remain…
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Jun12018 DmediaNo Comments

Allies in G-7 Vow to Fight US Tariffs, See Threat to Growth

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The United States' allies in the G-7 vowed Thursday to push back against Washington's decision to impose tariffs on their steel and aluminum exports, saying as they gathered for a meeting that the move threatens global growth. The escalating trade conflict between the United States and many key allies will dominate the three-day meeting in Canada of financial leaders from the Group of Seven industrialized nations that began Thursday, with U.S. Treasury Secretary Steven Mnuchin the top target for their complaints and lobbying. The United States said it was moving ahead to impose tariffs of 25 percent on steel imports and 10 percent on aluminum, starting at midnight (0400 GMT Friday), ending months of uncertainty about potential exemptions and sending a chill through financial markets. French Finance Minister Bruno Le…
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Jun12018 DmediaNo Comments

Facebook Shareholders Ask Company Leaders for More Accountability

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Outside Facebook's annual shareholders meeting Thursday, a lone protester paced on the sidewalk, carrying a U.S. flag and a sign that read "Zuckerberg destroys shareholder value." Above, a small plane pulled a banner that read "You Broke Democracy." Inside, Facebook shareholders offered both praise and criticism of the company's leadership. The social media giant has been in a constant spotlight over how foreign actors used its service to try to influence elections worldwide. It suffered a double blow when it was revealed that 87 million users' information had gone to a political consulting firm without the users' knowledge.  The company continues to face inquiries from federal and state regulators about privacy and user data issues. And Mark Zuckerberg, its chief executive, recently testified in front of the European Parliament after appearing…
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