US, Japan Working Toward Free-trade Agreement

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The United States and Japan have agreed to begin negotiations on a bilateral free-trade agreement, reducing the prospect that Washington might impose tariffs against another trading partner. “We’ve agreed today to start trade negotiations between the United States and Japan,” U.S. President Donald Trump said…


Uber to Pay $148M for Hiding Data Breach

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The ride-hailing service Uber has agreed to pay $148 million to settle claims that it concealed a massive data breach that exposed personal information of drivers and customers.  In November 2016, Uber learned that hackers had accessed personal data of about 600,000 Uber drivers, including…


World Economy Remains on Shaky Ground

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The U.N. Conference on Trade and Development warns the world economy remains fragile, one decade after the collapse of the U.S. financial titan Lehman Brothers triggered a global economic crisis. In its report Trade and Development Report 2018: Power, Platforms and the Free Trade Delusion,…


Comcast Outbids Fox With $40B Offer for Sky

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Comcast beat Rupert Murdoch's Twenty-First Century Fox in the battle for Sky after offering 30.6 billion pounds ($40 billion) for the British broadcaster, in a dramatic auction to decide the fate of the pay-television group. U.S. cable giant Comcast bid 17.28 pounds a share for control of London-listed Sky,…


UK PM’s Team Make Plans for Snap Election

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British Prime Minister Theresa May's aides have begun contingency planning for a snap election in November to save both Brexit and her job, the Sunday Times reported. The newspaper said that two senior members of May's Downing Street political team began "war-gaming" an autumn vote to…