South Korea Waits Out US-China Trade War

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Juhyun Lee contributed to this report. SEOUL -- As U.S. President Donald Trump intensifies his trade battle with China, one of the hardest-hit countries could be South Korea. Asia’s fourth-largest economy, South Korea is especially vulnerable to the tariff war because of its reliance on foreign trade -- in particular, exports to its two biggest trading partners: China and the United States. After U.S.-China trade talks broke down, Trump last week raised tariffs on $200 billion worth of Chinese imports, and threatened to do so with $300 billion more. China retaliated with tariffs on $60 billion of U.S. goods. The trade war escalation, which rattled markets and threatened to hold back global growth, comes at an especially bad time for South Korea, whose economy unexpectedly contracted in the first quarter.…


Huawei Offers to Sign ‘No-Spy’ Agreements

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As anticipation builds for the next-generation mobile communications or 5G, security has become a heated topic. The U.S. government has launched an unprecedented campaign urging countries to ban one of the key makers of equipment for the new network, China-based telecom titan Huawei. But Huawei is vowing to refuse to assist any country in spying and even claims it would rather go out of business. VOA's Bill Ide recently visited the company's headquarters in China's southern city of Shenzhen. ...


Tech Startups Move Forward in Africa 

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The Afrobytes and Viva Tech conferences in Paris this week have provided an opportunity to look at the progress that high-tech startups have made in Africa, where fundraising is booming. According to Partech Africa, a venture capital firm, 146 startups in 19 African countries raised $1.16 billion for African digital entrepreneurs in 2018. Kenya, Nigeria and South Africa received 78% of the total funding, with Egypt close behind.  In French-speaking Africa, Senegal is the leading hub with $22 million raised in four deals. Compared with their Anglophone peers, Africa's Francophone countries operate in smaller markets, and lack capital and mentors.   A key: Seeking advice   Marieme Diop, a venture capital investor at Orange Digital Ventures, said that "unfortunately in Francophone Africa, it is not in our DNA. People who succeed in business or in electing positions do…


Retail Chiefs Dismiss AI Job Threat, Promise More Training

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Executives from major global retailers played down the threat to employment in stores from artificial intelligence and automation on Thursday and pledged more training to help staff adopt more high-value tasks as machines take over their work. Retail is one of the largest employers in many developed economies and experts have predicted automation puts millions of low-skilled jobs in the sector at risk, particularly as the introduction of self-checkouts makes cashiers redundant. "Technology can liberate people from repetitive tasks," Barbara Martin Coppola, chief digital officer at Swedish furniture giant IKEA, told Reuters on the sidelines of the World Retail Congress, an annual industry gathering. "These jobs are not gone. We are believers in the talent we have in our house and we look to repurpose it into more fulfilling tasks."…


NTSB: Autopilot Was in Use Before Tesla Hit Semitrailer

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A Tesla Model S involved in a fatal crash with a semitrailer in Florida March 1 was operating on the company's semi-autonomous Autopilot system, federal investigators have determined. The car drove beneath the trailer, killing the driver, in a crash that is strikingly similar to one that happened on the other side of Florida in 2016 that also involved use of Autopilot. In both cases, neither the driver nor the Autopilot system stopped for the trailers, and the roofs of the cars were sheared off. The crash, which remains under investigation by the National Transportation Safety Board and the National Highway Traffic Safety Administration, raises questions about the effectiveness of Autopilot, which uses cameras, long-range radar and computers to detect objects in front of the cars to avoid collisions. The…


US Housing Starts Rise in April; Supply Challenges Remain

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U.S. homebuilding increased more than expected in April and activity in the prior month was stronger than initially thought, suggesting declining mortgage rates were starting to provide some support to the struggling housing market. Land and labor shortages, however, continue to constrain builders’ ability to construct more lower priced houses. This segment has experienced an acute shortage of inventory, holding back home sales. Investment homebuilding has contracted for five straight quarters. Housing starts rose 5.7% to a seasonally adjusted annual rate of 1.235 million units last month, driven by gains in the construction of both single- and multi-family housing units, the Commerce Department said on Thursday. Groundbreaking was also likely boosted by drier weather in the Midwest. Data for March was revised up to show homebuilding rising to a pace…


Moody’s: Turkey Needs Credible Economic Plan to Avoid Downgrade

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Turkey needs to put a comprehensive and credible economic plan in place if it is to avoid another cut to sovereign credit rating, a senior Moody's sovereign analyst said on Thursday. New analysis from the rating agency shows Turkey's recession, the slump in the lira, upcoming refinancing pressures and dwindling reserves have pushed it to right near the top of its worldwide external vulnerability index. "Failure to put forward a credible broad-based plan to address the structural issues, and in the near-term dampen the market volatility pressure on the lira...that would be a pressure point from a rating perspective," Moody's Managing Director of Sovereign Risk, Yves Lemay, told Reuters. Moody's downgraded Turkey to Ba3 - three rungs into junk territory - last August, but it also kept it on a…


Huawei Warns US Over Ban on Rollout of 5G Technology

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Joyce Huang contributed to this report. SHENZHEN, CHINA — One day after the United States effectively banned Chinese telecom titan Huawei from building next-generation "5G" mobile networks in the United States, the company warned the move would harm American workers. "It will do significant harm to the American companies with which Huawei does business," the company said, and "affect tens of thousands of American jobs." The company added it would quickly "find a resolution" to the ban and work to "mitigate" its impact. On Wednesday, U.S. President Donald Trump signed an executive order that bars American companies from using telecommunications equipment made by companies that pose a national security risk. The order, which declares a national emergency, is the first step toward formalizing a ban on doing business with Huawei.…


Lawmakers Seek Probe on US Hacking Services Sold Globally

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U.S. lawmakers are pushing legislation that would force the State Department to report what it is doing to control the spread of U.S. hacking tools around the world. A bill passed in a House of Representatives' appropriations subcommittee on Tuesday said Congress is "concerned" about the State Department's ability to supervise U.S. companies that sell offensive cybersecurity products and know-how to other countries. The proposed legislation, released on Wednesday, would direct the State Department to report to Congress how it decides whether to approve the sale of cyber capabilities abroad and to disclose any action it has taken to punish companies for violating its policies in the past year. National security experts have grown increasingly concerned about the proliferation of U.S. hacking tools and technology. The legislation follows a Reuters…


Costs Mounting in US From Trump’s Tariff Fight With China   

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The costs seem to be mounting in the U.S. from President Donald Trump's tit-for-tat trade tariff war with China, both for farmers whose sales of crops to China have been cut and U.S. consumers paying higher prices for imported Chinese products. The government said Wednesday that to date it has paid out more than $8.5 billion to American farmers to offset their loss of sales to China and other trading partners because of foreign tariffs imposed by Beijing and other governments. Trump last year pledged up to $12 billion in aid to farmers — chiefly soybean, wheat and corn growers, and those who raise pigs. Trump says he could ask Congress for another $15 billion if U.S. farmers continue to be hurt by China's tariffs of as much as 25% …


China Fully Blocks All Versions of Wikipedia

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Beijing has broadened its block of online encyclopedia Wikipedia to include all language editions, an internet censorship research group reported just weeks ahead of China's most politically explosive anniversary. According to a report by the Open Observatory of Network Interference (OONI), China started blocking all language editions of Wikipedia last month. Previously, most editions of Wikipedia -- besides the Chinese language version, which was reportedly blocked in 2015 -- were available, OONI said in their report. AFP could not open any of Wikipedia's versions in China on Wednesday. "At the end of the day, the content that really matters is Chinese-language content," said Charlie Smith, the pseudonym of one of the co-founders of Greatfire.org, which tracks online censorship in China. "Blocking access to all language versions of Wikipedia for internet…


Ford: More Lincolns to Be Built for Chinese Market Locally

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Ford Motor Co plans to start production of new luxury Lincoln models in China for that market as they are launched, starting with the new Corsair later this year, to benefit from lower costs and avoid the risk of tariffs, a top executive said Monday. "It's a huge, huge opportunity for Lincoln because we see China as ground zero for Lincoln given the size of the market and how well the brand has been received," Chief Financial Officer Bob Shanks said at a Goldman Sachs conference in New York. Ford has lower levels of localized production than rivals General Motors Co or Volkswagen AG, who make more vehicles in China for Chinese consumers, benefiting from lower labor and material costs, and avoiding tariffs in the burgeoning trade war between the…


Facebook Limits Livestreaming Ahead of Tech Summit in Paris

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Facebook toughened its livestreaming policies Wednesday as it prepared to huddle with world leaders and other tech CEOs in Paris to find ways to keep social media from being used to spread hate, organize extremist groups and broadcast terror attacks. Facebook's move came hours before its executives would face the prime minister of New Zealand, where an attacker killed 51 people in March — and livestreamed parts of it on Facebook.   The CEOs and world leaders will try to agree on guidelines they will call the "Christchurch Call,'' named after the New Zealand city where the attack on a mosque took place.   Facebook said it's tightening up the rules for its livestreaming service with a "one strike'' policy applied to a broader range of offenses. Any activity on the…


Trade War Sowing Seeds of Doubt With US Farmers

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The typical routines of life on a family farm carry a heavier burden these days for Pam Johnson. “First thing I do is make a pot of coffee,” she told VOA in an interview in one of the cavernous sheds that contain her green and yellow John Deere farming equipment. Once she has that coffee, she “(goes) to the computer and look at what grain prices have done overnight and usually do a gut clutch, because they’ve been going down. They’re at five-month lows.” Driven there in part by retaliatory tariffs imposed by one of the largest importers of U.S. soybeans – China. Johnson and her husband are proud sixth-generation farmers but say they are dealing with some of the harshest economic conditions of their lives. “We’re all tightening our…


San Francisco Bans Police Use of Face Recognition Technology

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San Francisco supervisors voted Tuesday to ban the use of facial recognition software by police and other city departments, becoming the first U.S. city to outlaw a rapidly developing technology that has alarmed privacy and civil liberties advocates.  The ban is part of broader legislation that requires city departments to establish use policies and obtain board approval for surveillance technology they want to purchase or are using at present. Several other local governments require departments to disclose and seek approval for surveillance technology.  "This is really about saying: 'We can have security without being a security state. We can have good policing without being a police state.' And part of that is building trust with the community based on good community information, not on Big Brother technology,'' said Supervisor Aaron…


Are Coastal Home Values Feeling Drag of Climate Change?

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For sale: waterfront property with sweeping views of the Atlantic Ocean. Waves erode beach regularly. Flooding gets worse every year. Saltwater damage to lawn. Asking price: anyone’s guess. Some research suggests rising sea levels and flooding brought by global warming are harming coastal property values. But other climate scientists note shortcomings in the studies, and real estate experts say they simply haven’t seen any ebb in demand for coastal homes. So how much homeowners and communities should worry, and how much they should invest in remedies, remains an open question. Nancy Meehan, 71, is considering putting her coastal condo in Salisbury up for sale this year, but she worries buyers will be turned off by the winter storms that churn the seas beside the summer resort town. Her home has…


Stocks Rise, Claw Back Chunk of Monday’s Trade-War Plunge

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Stocks climbed on Tuesday and clawed back a chunk of their losses from Monday's rout, the latest whipsaw move as investors weigh just how badly the escalating U.S.-China trade war will hurt the economy.  The day's rally was nearly a mirror image of Monday's plunge, when the S&P 500 had its worst day since early January, just not as severe: Technology companies led the way higher after bearing the brunt of the selling on Monday, Treasury yields rose modestly and gold gave back a bit of its gains.  The S&P 500 rose 22.54 points, or 0.8%, to 2,834.41. It recovered nearly a third of its loss from Monday, and would now need to rise 3.9% to regain the record it set a couple weeks ago. The Dow Jones Industrial Average…


Uber Drivers Are Contractors, Not Employees, US Labor Agency Says

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A U.S. labor agency has concluded that ride-hailing company Uber Technologies Inc's drivers are independent contractors and not its employees, which could prevent them from joining unions. The National Labor Relations Board's general counsel, in a memo released on Tuesday, said Uber drivers set their hours, own their cars and are free to work for the company's competitors, so they cannot be considered employees under federal labor law. San Francisco-based Uber in a statement said it is "focused on improving the quality and security of independent work, while preserving the flexibility drivers and couriers tell us they value." Uber shares were up 6.4 percent at $39.46 in late trading on the New York Stock Exchange. The memo dated April 16 came in an NLRB case against Uber that has yet…


5G Technology Excites, Worries US Lawmakers

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If you're fuzzy on next-generation 5G wireless connectivity, you aren't alone. Powerful U.S. lawmakers who help shape the legal framework for America's technological advances on Tuesday admitted ignorance and confusion about the highly-anticipated broadband system already being deployed in parts of the world. "I actually know very little about 5G," said Dianne Feinstein of California, the top Democrat on the Senate Judiciary Committee. "Today, we're going to talk about something that I'm by no means an expert on," the panel's chairman, South Carolina Republican Sen. Lindsey Graham, said at a hearing where America's top cybersecurity officials testified on 5G's promise and looming perils. "It's really hard for people to get their heads around what we're talking about here," Republican Sen. Ben Sasse of Nebraska said. "First of all, what is…


Google Opens German Center to Improve Data Privacy

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Google opened a privacy focused engineering center in Munich, Germany, on Tuesday, its latest move to beef up its data protection credentials as tech companies' face growing scrutiny of their data collection practices. CEO Sundar Pichai said the Silicon Valley tech giant is expanding its operations in the southern German city, including doubling the number of data privacy engineers there to more than 200 by the end of 2019. The new Google Safety Engineering Center will make Munich a global hub for the company's "cross-product privacy engineering efforts," Pichai said in a blog post. Staff will work with Google privacy specialists in other cities to build products for use around the world, Pichai said, adding that Munich engineers built the Google Account control panel as well as privacy and security…


Truck Drivers Become Key EU Election Issue in Bulgaria

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The future of Bulgaria's vast number of low-wage truck drivers has become a top campaign issue in the country heading into European Parliament elections, with debates raging on how new EU rules could threaten the workers and deepen divisions between rich and poor nations in the bloc. The European Commission wants to put restrictions on cargo transport to ensure adequate rest for truck drivers and limit driving distances. Bulgaria, where the transport sector accounts for 15 percent of GDP and employs some 200,000 people, fears it will erode its workforce's low-cost advantage. It says it could cost jobs and force Bulgarian truckers to move to Western Europe, worsening a wealth gap within the EU.   "This package would directly deprive more than 150,000 Bulgarian families of bread and livelihood," says…


Trump: US ‘Can Make a Deal’ with China

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Capitol Hill correspondent Michael Bowman and reporter Ira Mellman contributed to this report President Donald Trump said the United States "can make a deal with China tomorrow" to resolve the trade dispute between the world's two largest economies, adding the accusation that China prevented the two sides from completing an agreement. In a series of tweets Tuesday, Trump portrayed the United States as being "in a much better position now than any deal we could have made," and restated his frequent refrain that under his administration other countries will not "take advantage" of the United States when it comes to trade. His latest remarks came after he boosted taxes on $200 billion worth of Chinese goods sent to the United States and moved to impose duties on another $300 billion…


WhatsApp Infected With Spyware Implicated In Khashoggi Killing

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Spyware crafted by a sophisticated group of hackers-for-hire took advantage of a flaw in the popular WhatsApp communications program to remotely hijack dozens of phones, the company said late Monday.  The Financial Times identified the actor as Israel's NSO Group, and WhatsApp all but confirmed the identification, describing hackers as "a private company that has been known to work with governments to deliver spyware.'' A spokesman for the Facebook subsidiary later said: "We're certainly not refuting any of the coverage you've seen.'' NSO's spyware has repeatedly been found deployed to hack journalists, lawyers, human rights defenders and dissidents. Most notably, the spyware was implicated in the gruesome killing of Saudi journalist Jamal Khashoggi, who was dismembered in the Saudi consulate in Istanbul last year and whose body has never been…


US Supreme Court Approves Antitrust Lawsuit Against Apple

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The U.S. Supreme Court ruled Monday that an antitrust lawsuit against Apple can proceed. Consumers are suing the company, alleging Apple overcharges when downloading iPhone applications at the company’s App Store. Conservative Judge Brett Kavanaugh joined with the four liberal judges in the 5-4 decision, agreeing with the plaintiffs that the 30% commissions Apple charges violate federal antitrust laws. Consumers allege Apple has monopolized the market by requiring apps be sold only through their stores.  Apple argued it is just a conduit between app developers and customers and that it is the developers who set the prices. "We're confident we will prevail when the facts are presented and that the App Store is not a monopoly by any metric," a company statement said.  Apple is also under scrutiny by Dutch…


Trump Says US Tariffs on Chinese Goods ‘Fill US Coffers’

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U.S. President Donald Trump on Monday said U.S. tariffs on China bring billions of dollars into U.S. coffers. He said China's retaliatory tariffs can have no effect on the U.S. economy. The escalation of the U.S.-China trade war sent stock markets tumbling on Monday, with the Dow Jones Industrial Average falling more than 600 points. Earlier, China announced new tariffs of up to 25 percent on $60 billion worth of U.S. goods, starting June 1. VOA's Zlatica Hoke has more. ...


Supreme Court Allows Lawsuit Over iPhone Apps

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The Supreme Court is allowing consumers to pursue an antitrust lawsuit that claims Apple has unfairly monopolized the market for the sale of iPhone apps. New Justice Brett Kavanaugh is joining the court's four liberals Monday in rejecting a plea from Cupertino, California-based Apple to end the lawsuit over the 30 percent commission the company charges software developers whose apps are sold through the App Store.   The lawsuit was filed by iPhone users who must purchase software for their smartphones exclusively through Apple's App Store.   Four conservative justices dissented.     ...


China Imposes Tariffs on $60 Billion in US Exports

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VOA's Michael Bowman and Ira Mellman contributed to this report. China says it is imposing tariffs on $60 billion worth of imports from the United States, retaliating after President Donald Trump boosted taxes on $200 billion worth of Chinese goods sent to the United States and moved to impose duties on another $300 billion of Chinese exports. The Chinese finance ministry said Monday its new 5% to 25% tax would be imposed June 1 and affect 5,140 U.S. products exported to China. Beijing said its response was targeting "U.S. unilateralism and trade protectionism." "China will never succumb to foreign pressure," the foreign ministry said. "We are determined and capable of safeguarding our legitimate rights and interests. We still hope that the U.S. will meet us half way." The new Chinese…


Honda Confirms Closure of UK Car Plant

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Honda has confirmed its western England car factory, which employs 3,500 people, will close in 2021. The Japanese carmaker announced Monday that the Swindon plant will shut in two years, "at the end of the current model's production life cycle."   Honda makes its popular Civic model at the factory, 70 miles (115 kms) west of London.   Reports of the closure first emerged in February, heightening concerns about the impact of Brexit-related uncertainty on the U.K. economy.   Honda said the closure is not Brexit-driven but "is part of Honda's broader global strategy in response to changes to the automotive industry."   It said it had spoken to the British government and union consultants, but "no viable alternatives to the proposed closure of the Swindon plant have been identified."…