Ethiopia and Indonesia Crash Parallels Heap Pressure on Boeing

All, Business, News
Investigators into the Boeing 737 MAX crash in Ethiopia have found striking similarities in a vital flight angle with an airplane that came down off Indonesia, a source said, piling pressure on the world's biggest planemaker. The Ethiopian Airlines disaster eight days ago killed 157 people, led to the grounding of Boeing's marquee MAX fleet globally and sparked a high-stakes inquiry for the aviation industry. Analysis of the cockpit recorder showed its "angle of attack" data was "very, very similar" to that of the Lion Air jet that went down off Jakarta in October, killing 189 people, a person familiar with the investigation said. The angle of attack is a fundamental parameter of flight, measuring the degrees between the air flow and the wing. If it is too high, it…
Read More

Paris Catches Asian Tigers in Most Expensive City Race

All, Business, News
Paris and Hong Kong for the first time joined Singapore as the world's most expensive cities to live in, a study revealed on Tuesday, with utilities and transport driving up the cost of living. Zurich, Geneva and Japan's Osaka trailed closely, with emerging market cities like Istanbul and Moscow plummeting down the ranking due to high inflation and currency depreciation, said the Economist Intelligence Unit's bi-annual survey of 133 cities. It was the first time in more than 30 years that three cities shared the top spot, a sign that pricey global cities are growing more alike, said the report's author, Roxana Slavcheva. "Converging costs in traditionally more expensive cities ... is a testament to globalization and the similarity of tastes and shopping patterns," she said in a statement. "Even…
Read More

NATO to Receive First Northrop Surveillance Drone, Years Late

All, Business, News
NATO is to receive the first of five Northrop Grumman high-altitude drones in the third quarter after years of delays, giving the alliance its own spy drones for the first time, the German government told lawmakers. Thomas Silberhorn, state secretary in the German Defense Ministry, said the NATO Alliance Ground Surveillance (AGS) drone would be delivered to an air base in Sigonella, Italy, followed by four additional systems, including drones and ground stations built by Airbus, later in the year. NATO plans to use the aircraft, a derivative of Northrop's Global Hawk drone, to carry out missions ranging from protection of ground troops to border control and counter-terrorism. The drones will be able to fly for up to 30 hours at a time in all weather, providing near real-time surveillance…
Read More

US Government, Intel Aim for Nation’s Fastest Computer 

All, News, Technology
A U.S. government-led group is working with chipmaker Intel and Cray to develop and build the nation's fastest computer by 2021 for conducting nuclear weapons and other research, officials said Monday. The Department of Energy and the Argonne National Laboratory near Chicago said they were working on a supercomputer dubbed Aurora with Intel, the world's biggest supplier of data center chips, and Cray, which specializes in the ultra-fast machines.  The $500 million contract for the project calls on the companies to deliver a computer with so-called exaflop performance — that is, being able to perform 1 quintillion (1,000,000,000,000,000,000) calculations per second. If the project succeeds, Aurora would represent nearly an order of magnitude leap over existing machines that feature so-called petaflop performance, capable of doing 1 quadrillion (1,000,000,000,000,000) calculations a second.  It also heightens the stakes in a race in which…
Read More

OPEC Scraps April Meeting but Keeps Oil Cuts in Place

All, Business, News
Oil producer group OPEC on Monday scrapped its planned meeting in April and will decide instead whether to extend output cuts in June, once the market has assessed the impact of U.S. sanctions on Iran and the crisis in Venezuela. A ministerial panel of OPEC and its allies recommended that they cancel the extraordinary meeting scheduled for April 17-18 and hold the next regular talks on June 25-26. The energy minister of OPEC's de facto leader, Saudi Arabia, said the market was looking oversupplied until the end of the year but that April would be too early for any decision on output policy. "The consensus we heard... is that April will be premature to make any production decision for the second half," the Saudi minister, Khalid al-Falih, said. "As long…
Read More

UK Prime Minister in Last-Minute Push to Win Brexit Support

All, Business, News
British Prime Minister Theresa May was making a last-minute push Monday to win support for her European Union divorce deal, warning opponents that failure to approve it would mean a long — and possibly indefinite — delay to Brexit. Parliament has rejected the agreement twice, but May aims to try a third time this week if she can persuade enough lawmakers to change their minds. Her aim is to have the deal agreed before EU leaders meet Thursday for a summit in Brussels.   May's goal is to win over Northern Ireland's small, power-brokering Democratic Unionist Party. The DUP's 10 lawmakers prop up May's Conservative government, and their support could influence pro-Brexit Conservatives to drop their opposition to the deal.   Still, May faces a struggle to reverse the huge…
Read More

EU May Push China to Open Economy at April Summit

All, Business, News
The European Union will seek Beijing's agreement for deadlines to open up China's economy at an April 9 summit in Brussels, according to a draft leaders' statement, trying to coax it into making good on promises to deepen trade ties. China and the EU will "agree by summer 2019 on a set of priority market access barriers and requirements facing their operators," according to a six-page joint communique drafted by the EU, which still requires Chinese approval. The statement, seen by Reuters, said the two trading blocs would set "deadlines for their swift removal by the next EU-China summit 2020 at the latest." The statement, which is likely to change, also sets 2020 as the goal for a special treaty to increase investment flows that has been under negotiation for…
Read More

France Starts New Chapter in National Debate Aimed to End Yellow-Vest Crisis

All, Business, News
After wrapping up thousands of town hall meetings, France starts a new chapter of its "great debate," aimed to address longstanding public grievances and offer solutions to the yellow vest protest movement. But the broader crisis lingers, seen with upsurge of violence in Paris Saturday, where about 10,000 yellow vests marked their 18th straight week of protests. Demonstrators smashed and looted businesses on the iconic Champs Elysees and hurled cobble stones at police, who responded with tear gas and water cannons. Others participated in a peaceful climate march that brought together tens of thousand of people—underscoring the diffuse, unorganized complexity of the leaderless protest movement. Eight weeks of citizen debates, launched in January by an embattled President Emmanuel Macron, have received mixed reviews. Some consider them a groundbreaking experiment in…
Read More

Facebook Still Working to Remove All Videos of New Zealand Terrorist Attack

All, News, Technology
Facebook is continuing to work to remove all video of the mass shooting in New Zealand which the perpetrator livestreamed Friday, the company said Sunday. "We will continue working directly with New Zealand Police as their response and investigation continues,” Mia Garlick of Facebook New Zealand said in a statement Sunday. Garlick said that the company is currently working to remove even edited versions of the original video which do not contain graphic content, "Out of respect for the people affected by this tragedy and the concerns of local authorities." In the 24 hours following the mass shooting, which left 50 people dead, Facebook removed 1.5 million videos of the attack, of which 1.2 million were blocked at upload, the company said. Facebook's most recent comments follow criticism of the…
Read More

UK Leader to Lawmakers: Back my Deal or Face Lengthy Delay

All, Business, News
British Prime Minister Theresa May warned Sunday that it would be "a potent symbol of Parliament's collective political failure" if a Brexit delay meant that the U.K. has to take part in May's European elections — almost three years after Britons voted to leave the bloc. Writing in the Sunday Telegraph, May also cautioned that if lawmakers failed to back her deal before Thursday's European Council summit, "we will not leave the EU for many months, if ever."   "If the proposal were to go back to square one and negotiate a new deal, that would mean a much longer extension... The idea of the British people going to the polls to elect MEPs [Members of the European Parliament] three years after voting to leave the EU hardly bears thinking…
Read More

Brazil Reportedly Weighing Import Quota for US Wheat

All, Business, News
Brazil is considering granting an import quota of 750,000 metric tons of U.S. wheat per year without tariffs in exchange for other trade concessions, according to a Brazilian official with knowledge of the negotiations ahead of President Jair Bolsonaro's visit to Washington.  That is about 10 percent of Brazilian annual wheat imports and is part of a two-decade-old commitment to import 750,000 metric tons of wheat a year free of tariffs that Brazil made — but never kept — during the World Trade Organization's Uruguay Round of talks on agriculture.  Bolsonaro is scheduled to arrive in Washington on Sunday and meet with U.S. President Donald Trump at the White House on Tuesday. Farm state senators have asked that wheat sales be on the agenda, in a letter to Trump seen by Reuters. They estimate such a quota would increase U.S. wheat sales by between $75 million and…
Read More

Iran’s Oil Minister Blames US for Market Tensions 

All, Business, News
Iranian Oil Minister Bijan Zanganeh said on Saturday that frequent U.S. comments about oil prices had created market tensions, the ministry's news website SHANA reported.  U.S. President Donald Trump, who has made the U.S. economy one of his top issues, has repeatedly tweeted about oil prices and the Organization of the Petroleum Producing Countries. He has expressed concern about higher prices, including last month and ahead of OPEC's meeting in December. "Americans talk a lot and I advise them to talk less. They [have] caused tensions in the oil market for over a year now, and they are responsible for it, and if this trend continues, the market will be more tense," SHANA quoted Zanganeh as saying.  U.S. crude futures briefly hit a 2019 high on Friday but later retreated along with benchmark Brent oil as worries about the global economy…
Read More

Social Media Scramble to Remove New Zealand Suspect’s Video

All, News, Technology
They built their services for sharing, allowing users to reach others around the world. Now they want people to hold back.     Facebook and other social media companies battled their own services on Friday as they tried to delete copies of a video apparently recorded by the gunman as he killed 49 people and wounded scores of others in the attack on two New Zealand mosques Friday.     The video was livestreamed on the suspect's Facebook account and later reposted on other services.     According to news reports, Facebook took down the livestream of the attack 20 minutes after it was posted and removed the suspect's accounts. But people were able to capture the video and repost it on other sites, including YouTube, Twitter and Reddit.     YouTube has tweeted…
Read More

Facebook Product Chief Cox to Leave in Latest Executive Exit

All, News, Technology
Facebook Inc said on Thursday Chief Product Officer Chris Cox will leave the social media network after 13 years, adding to a recent string of high-profile exits. Also departing is WhatsApp Vice President Chris Daniels, Chief Executive Officer Mark Zuckerberg said in a blog post. The company does not immediately plan to appoint anyone to fill Cox's role in the near term, he said. Cox, among the first Facebook hires, gained oversight of WhatsApp and Instagram following the exits of their founders. In September, Instagram co-founders Kevin Systrom and Mike Krieger resigned as chief executive officer and chief technical officer of the photo-sharing app owned by Facebook. Jan Koum, the co-founder of WhatsApp, left in April last year. "As Mark has outlined, we are turning a new page in our…
Read More

US General: Google’s Work in China Benefiting China’s Military

All, News, Technology
The United States' top general said on Thursday that the Chinese military was benefiting from the work Alphabet Inc's Google was doing in China, where the technology giant has long sought to have a bigger presence. "The work that Google is doing in China is indirectly benefiting the Chinese military," Marine General Joseph Dunford, chairman of the Joint Chiefs of Staff, said during a Senate Armed Services Committee hearing. "We watch with great concern when industry partners work in China knowing that there is that indirect benefit," he said. "Frankly, 'indirect' may be not a full characterization of the way it really is, it is more of a direct benefit to the Chinese military." Last year Google said it was no longer vying for a $10 billion cloud computing contract…
Read More

Brexit: What Now?

All, Business, News
Veteran Conservative lawmaker Nigel Evans has been in Britain’s House of Commons for more than a quarter-of-a-century and, like most of his parliamentary colleagues, is stunned at the turn of Brexit events. “I got elected in 1992 and I don’t know if I have known any time more uncertain than now,” he told VOA. He’s flummoxed at what the next move should be for a Conservative government that has lost control of the Brexit process. As a committed Brexiter, he fears Britain will end up staying in the European Union because of an impasse in the Commons that has seen the ruling Conservative government repeatedly rebuffed by lawmakers, including by a third of its own MPs, in a series of historic votes without precedent for the storied House of Commons.…
Read More

China Investment Laws Fail to Deliver, Raise New Concerns

All, Business, News
China’s top legislature is expected to pass the country’s first Foreign Investment Law this week at a time when negotiators from Beijing and Washington work to hammer out a trade deal. Analysts and business groups say the legislation is a step in the right direction, but still falls short. In some ways, they add, it even raises new concerns that negotiators need to address before the two sides reach a deal. For decades, China has been grappling with the question of just how far and how fast it should open up its state directed economy, and steps — while always welcome — have long lagged behind expectations. The Foreign Investment Law is not different. In a statement, the American Chamber of Commerce in China (AmCham China) said it welcomes the law and…
Read More

Instagram Returns After Outage; Facebook Still Down for Some

All, News, Technology
Instagram is back up after suffering a partial outage for more than several hours, the photo-sharing social network platform said in a tweet, but its parent Facebook Inc.’s app still seemed to be down for some users around the globe. Certain users had trouble in accessing widely used Instagram, Whatsapp and Facebook apps earlier Wednesday, in one of the longest outages faced by the company in the recent past. “Anddddd... we’re back,” Instagram tweeted: Facebook did not provide an update. Social media users in parts of United States, Japan and some parts Europe were affected by the outage, according to DownDetector’s live outage map. Facebook users, including brand marketers, expressed their outrage on Twitter with the #facebookdown hashtag. “Ya’ll, I haven’t gotten my daily dosage of dank memes and I…
Read More

Trump Says He is in No Rush to Complete China Trade Deal

All, Business, News
U.S. President Donald Trump said on Wednesday he was in no rush to complete a trade pact with China and insisted that any deal include protection for intellectual property, a major sticking point between the two sides during months of negotiations. Trump and Chinese President Xi Jinping had been expected to hold a summit at the president's Mar-a-Lago property in Florida later this month, but no date has been set for a meeting and no in-person talks between their trade teams have been held in more than two weeks. The president, speaking to reporters at the White House, said he thought there was a good chance a deal would be made, in part because China wanted one after suffering from U.S. tariffs on its goods. But he acknowledged Xi may…
Read More

Democrats Cool Toward NAFTA Replacement, Question Labor Standards

All, Business, News
Democrats in the U.S. House of Representatives gave a cool reception to the replacement for the North American Free Trade Agreement on Wednesday as the top U.S. trade negotiator opened a  campaign to win broad support for the accord in Congress. Several Democrats said a closed-door meeting between United States Trade Representative Robert Lighthizer and their caucus failed to ease their concerns about the new U.S.-Mexico-Canada Agreement's (USMCA) provisions on labor, biologic drugs and some other issues. A USTR spokeswoman declined to comment on the meeting. The support of Democrats, who control the House, is considered important to passage of the USMCA, and Wednesday's meeting at the U.S. Capitol signaled that the Trump administration has a lot of work to do to address the party's concerns. Democrats questioned whether new…
Read More

Facebook, Instagram Suffer Outages

All, News, Technology
Facebook says it is aware of outages on its platforms including Facebook, Messenger and Instagram, and is working to resolve the issue. According to downdector.com, which monitors websites, the outages started around 12 p.m. E.T. on Wednesday in parts of the U.S., including the East and West Coast, parts of Europe and elsewhere. Both Facebook's desktop site and app appeared to be affected. Some users saw a message that said Facebook was down for ``required maintenance.'' Facebook did not say what was causing the outages, which were still occurring as of 2:15 p.m. E.T., or which regions were affected. ...
Read More

Spotify Files EU Antitrust Complaint Against Apple 

All, News, Technology
Spotify has filed a complaint with European Union antitrust regulators against Apple, saying the iPhone maker unfairly limits rivals to its own Apple Music streaming service.  Spotify, which launched a year after the 2007 launch of the iPhone, said on Wednesday that Apple's control of its App Store deprived consumers of choice and rival providers of audio streaming services to the benefit of Apple Music, which began in 2015.  Central to Spotify's complaint, filed with the European Commission on Monday, is what it says is a 30 percent fee Apple charges content-based service providers to use Apple's in-app purchase system (IAP).  Forced to raise price Horacio Gutierrez, Spotify's general counsel, said the company was pressured into using the billing system in 2014, but then was forced to raise the monthly fee of its premium service from 9.99 to 12.99 euros, just as Apple Music launched…
Read More

Trade Chief: US Working on Steel, Aluminum Tariff Relief for Mexico, Canada

All, Business, News
The United States is working on a plan to lift tariffs from Mexican and Canadian steel and aluminum but preserve the gains that domestic producers have received from the duties so far, U.S. Trade Representative Robert Lighthizer said on Tuesday. "What I'm trying to do is a have a practical solution to a real problem ... get rid of tariffs on these two, let them maintain their historic access to the U.S. market which I think will allow us to still maintain the benefit of the steel and aluminum program," he told the U.S. Senate Finance Committee at a hearing about the World Trade Organization. The United States imposed the "Section 232" tariffs on steel and aluminum nearly a year ago to protect domestic producers on national security grounds. A…
Read More

Lopez Obrador Rebuts Finance Ministry over $2.5B Mexico Refinery Funding

All, Business, News
Mexican President Andres Manuel Lopez Obrador on Tuesday denied any delay to a flagship refinery project in his home state after the deputy finance minister was quoted as saying $2.5 billion for its construction will be moved to state oil firm Pemex. The planned investment for the Dos Bocas refinery "can go to exploration and production" for Pemex, Arturo Herrera told the Financial Times in an interview during a trip to London for meetings with investors. However, Lopez Obrador stood by his plan to build the refinery within three years, saying the tender could be unveiled next week. In answer to a question about whether the $2.5 billion would be spent this year on the refinery, said "Yes." The president's plans to fast-track construction of the new refinery in Tabasco,…
Read More

Official: US Plans ‘Very Significant’ Additional Venezuela Sanctions

All, Business, News
The United States is preparing to impose "very significant" Venezuela-related sanctions against financial institutions in the coming days, U.S. special envoy Elliott Abrams said on Tuesday. Abrams did not elaborate on the fresh measures but his warning came a day after the U.S. Treasury imposed sanctions on Russian bank Evrofinance Mosnarbank for helping Venezuelan state oil firm PDVSA evade U.S. financial restrictions. Abrams said Washington was also preparing to withdraw more U.S. visas from Venezuelans with close ties to President Nicolas Maduro. Washington has taken the lead in recognizing opposition leader Juan Guaido as Venezuela's rightful president after the 35-year-old Congress chief declared Maduro's 2018 re-election a fraud and announced an interim presidency in January. Most countries in Europe and Latin America have followed suit. Abrams' comments came as Venezuela…
Read More

Self-driving Test Vehicle Added to Auto History Museum

All, News, Technology
One of General Motors' first self-driving test vehicles is going on display at an automotive history museum in suburban Detroit. The Henry Ford history attraction announced Tuesday that it has acquired a modified pre-production Chevrolet Bolt electric vehicle. The GM-donated vehicle originally made its debut testing on the streets of San Francisco in 2016. Now it will be displayed at the Henry Ford Museum of American Innovation in Dearborn.   The camera- and sensor-equipped vehicle is the first autonomous car to be added to The Henry Ford collection. It'll be next to a 1959 Cadillac El Dorado at the "Driving America" exhibit, which chronicles the history of the automobile.   The Henry Ford President and CEO Patricia Mooradian says self-driving capabilities "will fundamentally change our relationship with the automobile." She…
Read More

At Age 30, World Wide Web Is ‘Not the Web We Wanted’

All, News, Technology
At the ripe old age of 30 and with half the globe using it, the World Wide Web is facing growing pains with issues like hate speech, privacy concerns and state-sponsored hacking, its creator says, trumpeting a call to make it better for humanity. Tim Berners-Lee on Tuesday joined a celebration of the Web and reminisced about his invention at CERN, the European Organization for Nuclear Research, starting with a proposal published on March 12, 1989. It opened the way to a technological revolution that has transformed the way people buy goods, share ideas, get information and much more. It’s also become a place where tech titans scoop up personal data, rival governments spy and seek to scuttle elections, and hate speech and vitriol have thrived — taking the Web…
Read More