Zimbabwe’s Dingy Trains Mirror Economic Decline

All, Business, News
Dark, dirty and slow, Zimbabwe's trains, like much else in the impoverished southern African country, have seen better days. Once the preferred mode of transport for most Zimbabweans, the state-run rail service mirrors the decline in the country's economic fortunes during the last two decades under the leadership of former President Robert Mugabe. Gilbert Mthinzima Ndlovu, a veteran of Zimbabwe's 1970s independence war and a security guard at the National Railways of Zimbabwe (NRZ) for 35 years, yearns for the old days when trains were full and arrived on time. "Times are different now as we have few passengers," the off-duty Ndlovu told Reuters as he rested in a badly lit first class cabin during the journey from the capital Harare to his home in Bulawayo, Zimbabwe's second city. Now…


US Prosecutors: China Corruption Case Grows Stronger

All, Business, News
Last month, Patrick Ho, a former Hong Kong official fighting foreign bribery charges in New York, thought he had finally received a break. In a dramatic move in the high-profile bribery case, prosecutors on Sept. 14 dropped all criminal charges against Cheikh Gadio, a former Senegalese foreign minister they had accused of helping Ho bribe African officials. Arguing that the government's move undermined its case against Ho, Ho's lawyers urged a federal judge in New York to release their client from a federal jail.  But the presiding judge, Loretta Preska, wasn't buying it. She dismissed the motion, Ho's fifth unsuccessful request for bail. And prosecutors said Gadio has agreed to cooperate, expressing confidence that his testimony against Ho will strengthen their case.  "(Far) from weakening the case, Gadio's testimony will…


Ireland Boosts Budget Spending as Brexit Looms

All, Business, News
Ireland's finance minister boosted budget day spending for the second year in a row as the government warned of economic "carnage" if neighboring Britain crashes out of the European Union without a divorce deal. Having already pre-committed 2.6 billion euros ($2.99 billion) on increased public sector and planned infrastructure spending for next year, Paschal Donohoe, in Tuesday's annual budget speech, almost doubled the remaining pot to 1.5 billion euros to dish out on further tax cuts and spending increases. The state's fiscal watchdog warned ahead of the budget that the booming economy did not need such additional stimulus. But with an election potentially looming and the fast-growing economy exacerbating deficits in areas such as housing, a scrapping of a reduced VAT rate for the hospitality sector mostly funded the extra…


‘War’ on Food Waste Can Save Money and Boost Profits, Tech Firm Says

All, News, Technology
Wasteless, an Israeli firm seeking to reduce food waste and save consumers money, won $2 million in funding Tuesday, as more businesses seek to cut food losses amid rising global hunger. The two-year-old firm sells software to supermarkets so that they can manage their stocks and reduce food prices as shelf life dwindles, reducing waste and boosting profits. "We inspire customers to be better citizens of the world and to take part in the war against food waste, while at the same time enjoying better prices," Ben Biron, one of the founders of Wasteless, said in a statement. Food waste is increasingly viewed as unethical, as well as environmentally destructive, dumped in landfills where it rots, releasing greenhouse gases, while fuel, water and energy needed to grow, store and carry…


Facebook Seeing Growth in Business Network Workplace

All, News, Technology
Facebook on Tuesday hosted its first global summit spotlighting a growing Workplace platform launched two years ago as a private social network for businesses. While Facebook would not disclose exact figures, it said Workplace – a rival to collaboration services like Slack, Salesforce, and Microsoft – has been a hit and that ranks of users have doubled in the past eight to 10 months. The list of companies using Workplace included Walmart, Starbucks, Spotify, Delta, and Virgin Atlantic. "It is growing very fast," Workplace by Facebook vice president Julien Codorniou told AFP. "We started with big companies, because that is where we found traction. It is a very good niche." Workplace is a separate operation from Facebook's main social network and is intended as a platform to connect everyone in…


YouTube Driving Global Consumption of Music

All, News, Technology
If you are listening to music, chances are you're on YouTube. A music consumer report by the industry's global body IFPI published Tuesday found that 86 percent of us listen to music through on-demand streaming. And nearly half that time, 47 percent is spent on YouTube. Video as a whole accounted for 52 percent of the time we spent streaming music, posing challenges to such subscription services as Spotify and SoundCloud. But while Spotify's estimated annual revenue per user was $20 (17.5 euros), YouTube's was less than a dollar. The London-based IFPI issued a broader overview in April that found digital sales for the first time making up the majority of global revenues thanks to streaming. The report published Tuesday looked into where and when we listen to music. It…


China Promises Not to Weaken Yuan, Criticizes US Concern

All, Business, News
China promised Tuesday not to weaken its currency to boost exports during a tariff fight with Washington and rejected U.S. concern about the yuan's sagging exchange rate as groundless and irresponsible. Beijing has no intention of using "competitive devaluation," said a Foreign Ministry spokesman, Lu Kang.   A U.S. official told reporters in Washington the Trump administration is concerned about the weakening yuan. The official spoke on condition of anonymity ahead of Treasury Secretary Steven Mnuchin's trip to Indonesia for meetings of the International Monetary Fund and World Bank.   The tightly controlled yuan has lost almost 10 percent of its value against the dollar this year. That prompted suggestions Beijing might weaken the currency to help exporters that face punitive U.S. tariffs of up to 25 percent.   However,…


Popularity of Electric Scooters Creates Jobs for ‘Juicers’

All, News, Technology
You see them everywhere in U.S. cities — young and old riding rented electric-powered scooters. When they are done, they can leave the scooters anywhere.  Someone has to find and charge the scooters, then return them to designated hot spots where customers can use them the next day. And that has given rise to a new line of work — scooter juicers.  Shivali Sharma is a stay-at-home mom in San Jose, California, and a Marine staff sergeant on medical leave. She works as a juicer to earn money while her boys sleep.  “The hunt is fun,” she said. It’s a new kind of piece work, made possible by GPS and phone apps.  Sharma and her family noticed the scooters being left on their streets. It intrigued them. “We were like,…


Business is Booming in Vietnam

All, Business, News
Foreign companies have been flocking to Vietnam. Earlier this year, one of the world’s biggest private equity firms Warburg Pincus added banking and logistics to its Vietnam portfolio, pushing its total investment into the country over the $1 billion mark. Auto players like JAC Motors of China, as well as Kamaz, the largest truck maker in Russia, have recently turned to Vietnam. The Southeast Asian country is seeing money pour in from all over the globe, whether it’s Indonesia’s Gojek in ride-hailing, or Qatar's Ooredoo in telecommunications.  With a trade war rippling across the Pacific and fears of interest rate contagion in emerging markets, much of Asia looks bleak. So why is the economy in communist Vietnam such a bright spot? Stability is key Gross domestic product is forecast to…


Mahathir: Malaysia May Introduce New Taxes, Sell Assets to Pay Debt

All, Business, News
Malaysia may introduce new taxes and sell assets such as land to pay down debt, Prime Minister Mahathir Mohamad said on Tuesday, as his administration struggles with liabilities of around 1 trillion ringgit ($240.67 billion). Mahathir, who unexpectedly won a general election in May, has blamed the previous administration of Najib Razak for taking the country into such heavy debt, including that of the 1MDB state fund, which is the subject of corruption and money laundering investigations in Malaysia and other countries. The government is also looking for new sources of revenue to make up the shortfall it is expected to face after scrapping an unpopular goods and services tax just weeks after the Mahathir-led Alliance of Hope coalition was elected to government. "We may have to devise new taxes…


WSJ: Google Hid Protracted Data Leak to Avoid Consequences

All, News, Technology
Google exposed the personal data of about 500,000 Google+ users to potential misuse by outside developers for years through a bug, then concealed the error to avoid consequences, according to an investigation published by The Wall Street Journal Monday. Parent company Alphabet Inc responded by announcing it would shut down Google+, a largely defunct social network launched in 2011 to compete with Facebook. Shares of Alphabet Inc fell by about 1 percent in response to the story.   "Our Privacy & Data Protection Office reviewed this issue, looking at the type of data involved, whether we could accurately identify the users to inform, whether there was any evidence of misuse, and whether there were any actions a developer or user could take in response," Google said of the error in…


Twitter Says it Will Crack Down on Abusers in Letter to Advisers

All, News, Technology
Twitter will strengthen rules rules to prevent sexual harassment and abuse on its platform, the social media company said Monday in an email to the collection of safety advocates, researchers and academics it uses help set its policies. There will also be harsher penalties for misconduct. The new guidelines include immediately and permanently suspending the accounts of anyone who posts or is the source of non-consensual nudity. Twitter's definition of non-consensual nudity will be expanded to include photos that are taken covertly. Third parties will now be able to report unwanted sexual advances from one user to another. Previously, only those directly involved in the matter could do so. Twitter also promised to publish new rules adding hate symbols and imagery to its definition of sensitive media. The changes come…


AA Aims to Avoid Putting Delayed Travelers on Other Airlines

All, Business, News
American Airlines is telling employees to think twice before rebooking stranded customers on rival airlines, and regular economy-class passengers are the most likely to suffer when there are long delays or canceled flights. A new policy at American directs airport agents not to rebook economy passengers on competing airlines — with no stated limit on how long they must wait for a seat on another American flight. A manager can make exceptions in a few cases, such as people flying to a wedding or funeral and those who would be stranded overnight with no hotel room. Agents can still put economy passengers on American’s international partner airlines, but that won’t help customers flying within the U.S. By contrast, American told agents in late September to help the airline’s best customers…


Facebook Wants People to Invite Its Cameras into Their Homes

All, News, Technology
Facebook is launching the first electronic device to bear its brand, a screen and camera-equipped gadget intended to make video calls easier and more intuitive. But it's unclear if people will open their homes to an internet-connected camera sold by a company with a shoddy track record on protecting user privacy. Facebook is marketing the device, called Portal, as a way for its more than 2 billion users to chat with one another without having to fuss with positioning and other controls. The device features a camera that uses artificial intelligence to automatically pan and zoom as people move around during calls. The Portal will feature two different screen sizes. It will go on sale in early November for roughly $200 to $350. ...


Nobel Economic Prize Awarded to 2 Americans

All, Business, News
The Royal Swedish Academy of Sciences has awarded this year's Nobel Prize for economics to Yale University's William Nordhaus and New York University's Paul Romer. The Academy said Nordhaus and Romer "have designed methods for addressing some of our time's most basic and pressing questions about how we create long-term sustained and sustainable economic growth." Nordhaus was awarded the prize "for integrating climate change into long-run macroeconomic analysis".  In the 1990s, he created a model describing how the economy and the climate affect each other on the global stage, according to the Academy. Romer was recognized "for integrating technological innovations into long-run macroeconomic analysis."  The Academy said Romer's research is the first to model how market conditions and economic decisions affect creation of new technologies. Nordhaus, who earned his Ph.D.…


Study Reveals First Big look at Chinese Investment in Australia

All, Business, News
For the first time, researchers have been able to track the amount of Chinese investment in Australia.  From the purchase of large cattle properties to residential real estate, the scope of Chinese money has led to fraught discussions about the scale of foreign influence in Australia. The results of the research may have some surprises for some Australians who have been wary of China's influence and the size of Chinese investments in their country. The comprehensive new database shows how much Chinese investors are pouring into Australia. Between 2013 and 2017 the figure was more than $28 billion (U.S. dollars).Most of the money was spent on mining projects and real estate, although increasingly larger amounts are being invested by the Chinese in tourism in Australia. Academics from the Australian National…


Internet of Things Could Revolutionize City Planning

All, News, Technology
The massive breach of Facebook and the exposure of the information of an estimated 50 million users last week has highlighted one of the problems with all the data we are putting out into the world. City planners share those concerns, but they're looking also looking at how "Big Data" may be a big boost in helping their own cities develop. VOA's Kevin Enochs reports. ...


DHS: No Reason to Doubt Firms’ Denials of China Hack

All, News, Technology
The U.S. Department of Homeland Security said Saturday it currently had no reason to doubt statements from companies that have denied a Bloomberg report that their supply chains were compromised by malicious computer chips inserted by Chinese intelligence services. “The Department of Homeland Security is aware of the media reports of a technology supply chain compromise,” DHS said in a statement. “Like our partners in the UK, the National Cyber Security Centre, at this time we have no reason to doubt the statements from the companies named in the story,” it said. Bloomberg Businessweek on Thursday cited 17 unidentified intelligence and company sources as saying that Chinese spies had placed computer chips inside equipment used by around 30 companies, as well as multiple U.S. government agencies, which would give Beijing…


Robotic Farm Promises Cheap Local Produce

All, News, Technology
The U.S. farm-to-table trend is definitely one of the latest. Americans are hungry for fresh, organic produce in their homes, and in many cases they are willing to pay more for it. But in an urban setting, residents don't have a farm next door. The company Iron Ox is looking to change that, with the help of robust robotics. VOA's Kevin Enochs has the story. ...


Final Tweaks in North American Trade Deal Keep Lid on E-commerce

All, Business, News
Last-minute changes to a new North American trade deal sank U.S. hopes of making Canada and Mexico allow higher-value shipments to the countries by online retailers, such as Amazon.com, a top Mexican official said on Friday. The revised pact was set to double the value of goods that could be imported without customs duties or taxes from the United States through shipping companies to Mexico. But Canada's adoption of a more restrictive threshold during its efforts last month to salvage a trilateral deal prompted Mexican negotiators to follow Canada's lead, Economy Minister Ildefonso Guajardo said on Friday. The final version of the trade agreement will insulate retailers in both countries from facing greater competition from e-commerce companies like Amazon.com Inc and eBay Inc. "It was the solution liked much more…


US Job Growth Cools; Unemployment Rate Falls to 3.7 Percent

All, Business, News
U.S. job growth slowed sharply in September likely as Hurricane Florence depressed restaurant and retail payrolls, but the unemployment rate fell to near a 49-year low of 3.7 percent, pointing to a further tightening in labor market conditions. The Labor Department's closely watched monthly employment report on Friday also showed a steady rise in wages, suggesting moderate inflation pressures, which could ease concerns about the economy overheating and keep the Federal Reserve on a path of gradual interest rate increases. Nonfarm payrolls increased by 134,000 jobs last month, the fewest in a year, as the retail and leisure and hospitality sectors shed employment. Data for July and August were revised to show 87,000 more jobs added than previously reported. The economy needs to create roughly 120,000 jobs per month to…


US Plans to Rewrite Rules that Impede Self-driving Cars

All, News, Technology
The Trump administration is moving ahead with plans to revise safety rules that bar fully self-driving cars from the roads without equipment such as steering wheels, pedals and mirrors, according to a document made public on Thursday. The National Highway Traffic Safety Administration (NHTSA) "intends to reconsider the necessity and appropriateness of its current safety standards" as applied to automated vehicles, the U.S. Department of Transportation said in an 80-page update of its principles dubbed "Automated Vehicles 3.0." The department, as reported by Reuters earlier on Thursday, disclosed that the NHTSA wants comment "on proposed changes to particular safety standards to accommodate automated vehicle technologies and the possibility of setting exceptions to certain standards that are relevant only when human drivers are present." U.S. Transportation Secretary Elaine Chao released the…


US Warns of New Hacking From China-Linked Group

All, News, Technology
The U.S. government warned Wednesday that a hacking group widely known as cloudhopper, which Western cybersecurity firms have linked to the Chinese government, has launched attacks on technology service providers in a campaign to steal data from their clients. The Department of Homeland issued a technical alert for cloudhopper, which it said was engaged in cyber espionage and theft of intellectual property, after experts with two prominent U.S. cybersecurity companies warned earlier this week that Chinese hacking activity has surged amid the escalating trade war between Washington and Beijing. Chinese authorities have repeatedly denied claims by Western cybersecurity firms that it supports hacking. Homeland Security Homeland Security released the information to support U.S. companies in responding to attacks by the group, which is targeting information technology, energy, health care, communications…


North Korea Said to Have Stolen a Fortune in Online Bank Heists

All, News, Technology
North Korea's nuclear and missile tests have stopped, but its hacking operations to gather intelligence and raise funds for the sanction-strapped government in Pyongyang may be gathering steam. U.S. security firm FireEye raised the alarm Wednesday over a North Korean group that it says has stolen hundreds of millions of dollars by infiltrating the computer systems of banks around the world since 2014 through highly sophisticated and destructive attacks that have spanned at least 11 countries. It says the group is still operating and poses "an active global threat." It is part of a wider pattern of malicious state-backed cyber activity that has led the Trump administration to identify North Korea — along with Russia, Iran and China — as one of the main online threats facing the United States.…


Meet Farmers of  Future: Robot

All, News, Technology
Brandon Alexander would like to introduce you to Angus, the farmer of the future. He’s heavyset, weighing in at nearly 1,000 pounds, not to mention a bit slow. But he’s strong enough to hoist 800-pound pallets of maturing vegetables and can move them from place to place on his own. Sure, Angus is a robot. But don’t hold that against him, even if he looks more like a large tanning bed than C-3PO. To Alexander, Angus and other robots are key to a new wave of local agriculture that aims to raise lettuce, basil and other produce in metropolitan areas while conserving water and sidestepping the high costs of human labor. It’s a big challenge, and some earlier efforts have flopped. Even Google’s “moonshot” laboratory, known as X, couldn't figure…


Putin Hopes Europe Will Resist US Pressure on Germany Pipeline

All, Business, News
Russian President Vladimir Putin on Wednesday strongly defended a prospective Russia-Germany natural gas pipeline as economically feasible and voiced hope that European Union nations will be able to resist U.S. pressure to thwart the project. U.S. officials have warned that Washington could impose sanctions on the undersea Nord Stream 2 pipeline. The U.S. and some EU nations oppose it, warning it would increase Europe's energy dependence on Russia. The U.S. is also interested in selling more of its liquefied natural gas in Europe. Speaking Wednesday after talks with Austrian Chancellor Sebastian Kurz in St. Petersburg, Putin noted that Bulgaria caved in to pressure and dumped the Russian South Stream pipeline. He added that he hopes that "Europe as a whole won't look like Bulgaria and won't demonstrate its weakness and…


7-Year-Old Toy Reviewer on YouTube Becomes Toy Himself

All, Business, News
Seven-year-old Ryan drew millions of views reviewing toys on YouTube. Now, he's become a toy himself. Walmart is selling action figures in his likeness, putty with his face on the packaging and other toys under the Ryan's World brand. It's a bet that kids, who are spending more time tapping tablets, will recognize Ryan from YouTube and want the toys he's hawking. The new line may also help Walmart lure former Toys R Us shoppers, as many chains make a play for those customers ahead of the holiday shopping season. The first-grader, who's been making YouTube videos for three years, has become a major influencer in the toy industry. The clips typically show him unboxing a toy, playing with it and then waving goodbye to viewers. His most watched video,…