Trump to Meet With Google CEO, Other Tech Heads in October

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U.S. President Donald Trump plans to meet with Google CEO Sundar Pichai and other tech executives this month at a social media summit. White House economic adviser Larry Kudlow said Tuesday that the administration hoped Facebook and Twitter would send representatives to the meeting. Kudlow added the event would most likely happen in mid-October, though no date has been set. Prominent conservatives, including the president, have accused Facebook, Google and Twitter of silencing right-leaning voices on their platforms, a suspected practice called "shadow banning." Kudlow had a meeting with Pichai last Friday, which he described as "great." Pichai drew flack from senators last month after failing to send an executive to a hearing, and he has agreed appear at another. ...


Tesla Worried by China Even as Deliveries Surge

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Tesla announced record quarterly car production numbers on Tuesday but warned it was facing major problems with selling cars in China due to new tariffs that will force it to accelerate investment in its factory in Shanghai. The California-based electric carmaker, emerging from several months of turmoil around its Chief Executive Elon Musk, confirmed numbers leaked to an industry news site on Monday that showed it produced roughly 80,000 cars in the third quarter. Deliveries reached a record 83,500, above Wall Street estimates of 80,000 and including almost 56,000 of the Model 3 sedan whose ramp-up is widely seen as crucial to the company's drive to become profitable. That overshadowed concerns expressed by the company over a 40 percent tariff being charged by China for the import of its cars,…


Google’s First Urban Development Raises Data Concerns

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Heated streets will melt ice and snow on contact. Sensors will monitor traffic and protect pedestrians. Driverless shuttles will carry people to their doors. A unit of Google's parent company Alphabet is proposing to turn a rundown part of Toronto's waterfront into what may be the most wired community in history — to "fundamentally refine what urban life can be."   Sidewalk Labs has partnered with a government agency known as Waterfront Toronto with plans to erect mid-rise apartments, offices, shops and a school on a 12-acre (4.9-hectare) site — a first step toward what it hopes will eventually be a 800-acre (325-hectare) development.   High-level interest is clear: Prime Minister Justin Trudeau and Alphabet's then-Executive Chairman Eric Schmidt appeared together to announce the plan in October.   But some Canadians are…


Iran’s Rial Unexpectedly Rallies After Weeks of Steep Falls

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Iran's currency unexpectedly rallied Tuesday after weeks of depreciation linked to renewed American sanctions, sending Iranians rushing to exchange shops to cash in. In the Iranian capital, money exchange shops offered 135,000 rials for one U.S. dollar at one point, drawing crowds of onlookers and those wanting to trade. Only the day before, the rial was selling at 170,000 to the dollar, with prices recently going as high as 190,000 to the dollar. The currency plunged after President Donald Trump moved to restore tough U.S. sanctions after withdrawing from Tehran's nuclear accord with world powers in May. U.S. sanctions targeting the country's vital oil industry are set to take effect in early November, which will likely ramp up pressure on the economy. Prices edged up to over 140,000 to the…


Giant Coal Plant to Close as Australia Faces Energy Shake-Up

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One of Australia’s biggest power companies says it will close a major coal-fired power station as it invests in renewable sources despite pressure from the government in Canberra to keep it open. "Run down, dangerous and expensive" is how an Australian newspaper described the Liddell power plant, adding that it was “the perfect symbol of the decline of the coal industry.” The facility was completed in 1973 with an expected lifespan of 25 years, but it continues to generate power in a country that relies on coal to generate more than 60 percent of its electricity. The Australian government wants the plant to stay open for a few more years because of fears of power cuts and concerns about the potentially fragile state of the nation’s energy sector. Two years…


EU Warns Facebook Not to Lose Control of Data Security

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The EU's top data privacy enforcer expressed worry Tuesday that Facebook had lost control of data security after a vast privacy breach that she said affected five million Europeans. "It is a question for the management, if they have things under control,"  EU Justice and Consumer Affairs Commissioner Vera Jourova told AFP in Luxembourg. "The magnitude of the company ... makes it very difficult to manage, but they have to do that because they are harvesting the data and they are making incredible money on using our privacy as the commodity," she added. Jourova spoke just days after Facebook admitted that up to 50 million user accounts around the world had been breached by hackers, in yet another scandal for the beleaguered social platform. "I will know more ... in…


How NAFTA 2.0 Will Shake Up Business as Usual

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American dairy farmers get more access to the Canadian market. U.S. drug companies can fend off generic competition for a few more years. Automakers are under pressure to build more cars where workers earn decent wages. The North American trade agreement hammered out late Sunday between the United States and Canada, following an earlier U.S.-Mexico deal, shakes up — but likely won't revolutionize — the way businesses operate within the three-country trade bloc. The new United States-Mexico-Canada Agreement replaces the 24-year-old North American Free Trade Agreement, which tore down trade barriers between the three countries. But NAFTA encouraged factories to move to Mexico to take advantage of low-wage labor in what President Donald Trump called a job-killing “disaster” for the United States. Sunday's agreement is meant to bring manufacturing back…


3D Map of Singapore Helps City Planner Prepare for Future

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Imagine seeing an incredibly detailed map of your home city in three dimensions, with every citizen carrying a cell phone showing up as a dot on that map. Well, you can't because there are security issues galore when it comes to tracking people online. But you should know it's possible, at least in Singapore, where city planners are considering how the technology may help improve life. VOA's Kevin Enochs reports. ...


GE, Seeking Path Forward as a Century-old Company, Ousts CEO

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General Electric ousted its CEO, took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business.   H. Lawrence Culp Jr. will take over immediately as chairman and CEO from John Flannery, who had been on the job for just over a year. Flannery began a restructuring of GE in August 2017, when he replaced Jeffrey Immelt, whose efforts to create a higher-tech version of GE proved unsuccessful.   However, in Flannery's short time, GE's value has dipped below $100 billion and shares are down more than 35 percent this year, following a 45 percent decline in 2017.   The company was booted from the Dow Jones Industrial Average…


Trump Hits Brazil, India Commerce After Clinching N. American Trade Deal

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Fresh from clinching an updated North American commerce pact, U.S. President Donald Trump on Monday criticized Indian and Brazilian trade tactics, describing the latter as being "maybe the toughest in the world" in terms of protectionism. Addressing reporters at a White House event to celebrate the agreement of an updated trilateral trade deal between the United States, Mexico and Canada, Trump added India and Brazil to a growing list of countries that, he argues, treat the world's top economy unfairly in terms of commerce. "India charges us tremendous tariffs. When we send Harley Davidson motorcycles, other things to India, they charge very, very high tariffs," Trump said, adding that he had brought up the issue with Indian Prime Minster Narendra Modi, who he said was "going to reduce them very…


Instagram Names Adam Mosseri as New CEO

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Adam Mosseri, a veteran 10-year Facebook executive, will become the new head of Instagram, outgoing co-founders Kevin Systrom and Mike Krieger announced Monday. "We are thrilled to hand over the reins to a product leader with a strong design background and a focus on craft and simplicity," Systrom and Krieger said in a press release.The pair announced their resignation last week without giving a clear explanation. Mosseri, 35, has been Instagram's head of product since May. He began as a designer at Facebook in 2008, and recently ran its News Feed. His appointment comes among fears that with the departure of Instagram's independent-minded founders, the app will become more like Facebook: Cluttered with features, and invasive of user's personal data. Instagram was founded in 2010 and bought by Facebook two…


Can Wireless Challenge Cable for Home Internet Service?

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Cellular companies such as Verizon are looking to challenge traditional cable companies with residential internet service that promises to be ultra-fast, affordable and wireless. Using an emerging wireless technology known as 5G, Verizon’s 5G Home service provides an alternative to cable for connecting laptops, phones, TVs and other devices over Wi-Fi. It launches in four U.S. cities on Monday. Verizon won’t be matching cable companies on packages that also come with TV channels and home phone service. But fewer people have been subscribing to such bundles anyway, as they embrace streaming services such as Netflix for video and cellphone services instead of landline. “That’s the trend that cable has been having problems with for several years, and a trend that phone companies can take advantage of,” Gartner analyst Bill Menzes…


New California Internet Neutrality Law Triggers US Lawsuit

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California Gov. Jerry Brown has approved the nation's strongest net neutrality law, prompting an immediate lawsuit by the Trump administration and opening the next phase in the battle over regulating the internet. Advocates of net neutrality hope California's law, which Brown signed Sunday to stop internet providers from favoring certain content or websites, will push Congress to enact national rules or encourage other states to create their own. However, the U.S. Department of Justice quickly moved to halt the law from taking effect, arguing that it creates burdensome, anti-consumer requirements that go against the federal government's approach to deregulating the internet. "Once again the California Legislature has enacted an extreme and illegal state law attempting to frustrate federal policy," U.S. Attorney General Jeff Sessions said in a statement. The Federal…


New US-Canada Trade Pact Reached

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After intense last-minute discussions ahead of a self-imposed midnight deadline, U.S. and Canadian officials announced late Sunday they reached a trade deal, allowing a modified three-way pact with Mexico to replace the nearly quarter-century old North American Free Trade Agreement.  The U.S.-Mexico-Canada Agreement (USMCA) – underpinning $1.2 trillion in annual trade -- is expected to be signed in 60 days by President Donald Trump and his Canadian and Mexican counterparts.  “We think this is a fantastic agreement for the United States,” a senior administration official told reporters on a hastily convened briefing call, adding that it is “a great win for the president.”  Trump had made criticism of the North American Free Trade Agreement (NAFTA) a centerpiece of his successful 2016 election campaign.  “The worst trade deal maybe ever signed…