Most of 2030’s Jobs Haven’t Been Invented Yet

All, News, Technology
More than two-thirds of jobs that today's college students will have in 11 years haven't been invented yet. “Those who plan to work for the next 50 years, they have to have a mindset of like, ‘I’m going to be working and learning and working and learning, and working and learning,' in order to make a career,” says Rachel Maguire, a research director with the Institute for the Future, which forecasts that many of the tasks and duties of the jobs that today's young people will hold in 2030 don't exist right now. The Institute for the Future, a nonprofit that identities emerging trends and their impacts on global society, envisions that by 2030, we'll be living in a world where artificial assistants help us with almost every task, not…


Part of Keystone Oil Pipeline Remains Shut After Potential Leak

All, Business, News
A portion of TransCanada Corp's Keystone oil pipeline remained shut on Thursday for investigation of a possible leak on its right-of-way near St. Louis, Missouri, a company spokesman said. TransCanada shut the pipeline on Wednesday between Steele City, Nebraska and Patoka, Illinois and sent crews to assess the situation, spokesman Terry Cunha said in an email. The 590,000 barrels-per-day Keystone pipeline is a critical artery taking Canadian crude from northern Alberta to U.S. refineries. Two pipelines operating near the release site will be excavated on Friday to determine the source of the leak, said Darius Kirkwood, a spokesman for the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration. The agency is monitoring the response to the reported leak, he said. Canadian pipelines are already congested because of expanding…


Apple to Contribute to Teen’s Education for Spotting FaceTime Bug 

All, News, Technology
Apple Inc. on Thursday rolled out software updates to iPhones to fix a privacy issue in its FaceTime video calling service, and said it would contribute toward the education of the Arizona teenager who discovered the problem.  The software bug, which had let users hear audio from people who had not yet answered a video call, was discovered by a Tucson, Ariz., high school student Grant Thompson, who with his mother, Michele, led Apple to turn off FaceTime group chat as its engineers investigated the issue. The technology giant said it would compensate the Thompson family and make an additional gift toward 14-year-old Grant's education. Apple also formally credited Thompson and Daven Morris from Arlington, Texas in the release notes to its latest iPhone software update. "In addition to addressing the bug that was reported, our team conducted a thorough security audit of…


Apple Puts Modem Engineering Unit Into Chip Design Group

All, News, Technology
Apple Inc has moved its modem chip engineering effort into its in-house hardware technology group from its supply chain unit, two people familiar with the move told Reuters, a sign the tech company is looking to develop a key component of its iPhones after years of buying it from outside suppliers. Modems are an indispensable part of phones and other mobile devices, connecting them to wireless data networks. Apple once used Qualcomm Inc chips exclusively but began phasing in Intel Corp chips in 2016 and dropped Qualcomm from iPhones released last year. Johny Srouji, Apple’s senior vice president of hardware technologies, took over the company’s modem design efforts in January, the sources said. The organizational move has not been previously reported. Srouji joined Apple in 2008 to lead chip design,…


Germany to Restrict Facebook’s Data Gathering Activities

All, News, Technology
Facebook has been ordered to curb its data collection practices in Germany after a landmark ruling on Thursday that the world's largest social network abused its market dominance to gather information about users without their consent. Germany, where privacy concerns run deep, is in the forefront of a global backlash against Facebook, fueled by last year's Cambridge Analytica scandal in which tens of millions of Facebook profiles were harvested without their users' consent. The country's antitrust watchdog objected in particular to how Facebook pools data on people from third-party apps — including its own WhatsApp and Instagram — and its online tracking of people who aren't even members through Facebook 'like' or 'share' buttons. "In future, Facebook will no longer be allowed to force its users to agree to the…


Twitter Profit Soars as User Base Shrinks

All, Business, News
Twitter said Thursday profits rose sharply in the fourth quarter, lifted by gains in advertising despite a drop in its global user base. The short-messaging platform said it posted a $255 million profit in the final three months of 2018, compared with $91 million a year earlier, as revenues rose 24 percent to $909 million. But Twitter's base of monthly active users declined to 321 million — a drop of nine million from a year earlier and five million from the prior quarter. Twitter said it would stop using the monthly user base metric and instead report "monetizable" daily active users in the US and worldwide. Using that measure, Twitter showed a base of 126 million worldwide, up nine percent over the year. "2018 is proof that our long-term strategy is…


Filing: Fiat Chrysler, Bosch Agree to Pay $66M in Diesel Legal Fees

All, Business, News
Fiat Chrysler Automobiles NV and Robert Bosch have agreed to pay lawyers representing owners of U.S. diesel vehicles $66 million in fees and costs, according to court filing on Wednesday and people briefed on the matter. In a court filing late on Wednesday in U.S. District Court in San Francisco, lawyer Elizabeth Cabraser said after negotiations overseen by court-appointed settlement master Ken Feinberg, the companies agreed not to oppose an award of $59 million in attorney’s fees and $7 million in costs. The lawyers had originally sought up to $106.5 million in fees and costs. Under a settlement announced last month, Fiat Chrysler and Bosch, which provided emissions control software for the Fiat Chrysler vehicles, will give 104,000 diesel owners up to $307.5 million or about $2,800 per vehicle for…


Trump Taps World Bank Critic David Malpass to Lead It

All, Business, News
President Donald Trump says Treasury Department official David Malpass is his choice to lead the World Bank. Trump introduced Malpass on Wednesday as the "right person to take on this incredibly important job." Malpass is a sharp critic of the 189-nation lending institution. Malpass says he's honored by the nomination. He says a key goal will be to implement changes to the bank that he and Treasury Secretary Steven Mnuchin helped negotiate, and to ensure that women achieve full participation in developing economies. Malpass would succeed Jim Yong Kim, who departed in January three years before his term was to end. Other candidates will likely be nominated for the post by the bank's member countries. A final decision on a new president will be up to the bank's board. ...


Mnuchin: Powell and Trump Had ‘Productive’ Meeting

All, Business, News
Treasury Secretary Steven Mnuchin said Wednesday that President Donald Trump had a "quite productive" dinner with Federal Reserve Chairman Jerome Powell. He says they discussed a wide range of subjects, from the state of the economy to the Super Bowl and Tiger Woods' golf game. Talking to reporters at the White House, Mnuchin said that Trump was very engaged during the casual dinner Monday night. It took place in the White House residence and marked the first time Powell and Trump have met since Powell took office as Fed chairman a year ago.   Mnuchin said that Powell's comments were consistent with what he has been saying publicly about the economy. The Fed said in a statement that Powell did not discuss the future course of interest rates.    …


Rwanda Signs $400M Deal to Produce Methane Gas from ‘Killer Lake’

All, Business, News
Rwanda said on Tuesday it had signed a $400 million deal to produce bottled gas from Lake Kivu, which emits such dense clouds of methane it is known as one of Africa's "Killer Lakes." The project by Gasmeth Energy, owned by U.S. and Nigerian businessmen and Rwandans, would suck gas from the lake's deep floor and bottle it for use as fuel. This should, in turn, help prevent toxic gas bubbling to the surface. The seven-year deal, signed on Friday, was announced on Tuesday. Rwanda already has two companies that extract gas from Lake Kivu to power electricity plants. Clare Akamanzi, chief executive of the Rwanda Development Board, told Reuters bottled methane would help cut local reliance on wood and charcoal, the fuels most households and tea factories use in…


Uruguay Betting on Exports of Medical Marijuana

All, Business, News
When he was younger, the only thing that Enrique Morales knew about marijuana was that you smoked it to get high.   Today, the former driver is a horticulturist on a cannabis plantation about 80 miles (130 kilometers) west of the Uruguayan capital of Montevideo and he says drops of marijuana oil have been key to treating his mother's osteoarthritis.   "My perception has now changed. It is a plant that has a lot of properties!" he said.   The company that owns the plantation, Fotmer SA, is now part of a flourishing and growing medical cannabis industry in Uruguay.   The country got a head start on competitors in December 2013 when it became the first in the world to regulate the cannabis market from growing to purchase, a…


Madrid Taxi Drivers Call Off Anti-Uber Strike, Vow to Fight On

All, Business, News
Taxi-drivers in the Spanish capital seeking tighter regulation of Uber and other ride-hailing services called off their indefinite strike on Tuesday after 16 days during which they obtained no concessions from the Madrid regional government. Madrid's refusal to accept drivers' demands came after ride-hailing companies Uber and Cabify said last week they were suspending their services in Barcelona in response to the regional government's imposition of limits on how they operate in the city. Union representatives in Madrid said the strike had demonstrated the unity and power of the drivers, which would help them continue the fight for their demands. "It is a long war, in which you can lose battles, but in the end I'm sure we can win," Julio Sanz, head of the Taxi Federation union, told reporters.…


AP Source: Trump to Tap Critic of Agency to Lead World Bank

All, Business, News
President Donald Trump plans to nominate David Malpass, a Trump administration critic of the World Bank, to lead the institution.   That's according to a senior administration official who spoke on condition of anonymity because the official wasn't authorized to comment publicly on personnel decisions.   Trump is expected to make an announcement later this week.   Malpass, the undersecretary for international affairs at the Treasury Department, has been a sharp critic of the World Bank, especially over its lending to China.   Malpass would succeed Jim Yong Kim, who announced in January that he is stepping down three years before his term was set to expire.   The final decision on a successor to Kim will be up to the bank's board.   Politico was first to report on…


US Trade Agency Sees Negotiating New WTO Rules to Rein in China as Futile

All, Business, News
Negotiating new World Trade Organization rules to try to rein in China's "mercantilist" trade practices would be largely a futile exercise, the Trump administration's trade office said on Monday, vowing to pursue its unilateral approach to protect U.S. workers, farmers and businesses. The U.S. Trade Representative's office used its annual report to Congress on China's WTO compliance in part to justify its actions in a six-month trade war with Beijing aimed at forcing changes in China's economic model. The report also reflects the United States' continued frustration with the WTO's inability to curb what it sees as China's trade-distorting non-market economic policies, and offered little hope that situation could change soon. "It is unrealistic to expect success in any negotiation of new WTO rules that would restrict China's current approach…


Brazil Mulls Minimum Retirement Age of 65 for Men and Women

All, Business, News
Brazil's government has opened discussions with congressional leaders, state governors and mayors on a pension reform bill that would set the minimum retirement age for men and women at 65, a government official said on Monday. The proposal is one of several under consideration, as President Jair Bolsonaro looks to get the legislative ball rolling on his ambitious plans to overhaul Brazil's creaking social security system. Currently, if workers have contributed into the system for at least 15 years, the earliest men can retire is 65 and for women it is 60. But men can retire at any age if they have paid into the system for at least 35 years, and women if they have contributed for 30 years. Speaking to reporters outside the Economy Ministry in Brasilia, Rogerio…


From Dorm to Dominance: Growing Pains as Facebook Turns 15

All, News, Technology
Facebook, trudging through its awkward teenage years, is turning 15 on Monday.   Launched in 2004 as "TheFacebook," the service was originally intended only for Harvard students. It's now a massive global business that connects some 2.3 billion users. It was born in an era of desktop computers, years before the iPhone, and ran no ads.   At the time it was impossible to imagine that someday countries like Russia and Iran would try to use it for sophisticated information operations in order to influence elections around the world. In 2004, CEO Mark Zuckerberg's biggest problem may have been almost getting kicked out of Harvard. Zuckerberg's 2019 worries include the threat of government regulation of the empire he has built and the gnawing possibility that despite its stated lofty goals…


Report: Huawei CFO May Fight Extradition by Claiming US Political Motive

All, Business, News
Huawei executive Meng Wanzhou, who was arrested in Canada and faces possible extradition to the United States, is exploring a defense that claims U.S. charges against her are politically motivated, the Globe and Mail newspaper reported on Monday. Meng, the chief financial officer of China's Huawei Technologies Co. Ltd., is the central figure in a high-stakes dispute between the United States and China. Canada arrested Meng in December at the request of the United States and last month she was charged with wire fraud that violated U.S. sanctions on Iran. "The political overlay of this case is remarkable," Richard Peck, lead counsel for Meng, told the Toronto newspaper in a telephone interview. "That's probably the one thing that sets it apart from any other extradition case I've ever seen. It's…


Tech Women in Silicon Valley Likely to Be Foreign-Born

All, News, Technology
Pushpa Ithal may not fit the stereotype of the typical Silicon Valley CEO — she's female, foreign-born, and a mother. Nevertheless, Ithal is an entrepreneur, living the Silicon Valley dream of running her own startup. Like her, many foreign-born tech women are finding a place in the Valley — as tech companies have become more and more dependent on foreign-born workers to create their products and services. Silicon Valley, the global center for high-tech innovation, could be renamed "Immigrant Valley." When it comes to technical talent, the engine of Silicon Valley is fueled by foreign-born workers, many of whom are from humble roots. And having worked hard to get here, many have ambitions beyond their day jobs. One of them is Ithal. On Sundays, she and her two children, ages…


Social Media Giants Blamed for British Teenage Suicides

All, News, Technology
“She had so much to offer." Ian Russell is speaking of his 14-year-old daughter Molly, the youngest of three sisters, who committed suicide in 2017, leaving a note that read, “I am sorry. I did this because of me.” After Molly’s suicide, her parents examined the teenager’s social media use and discovered she was interacting with other teenage users caught in the grip of depression and who were suicidal and self-harming. The users were almost grooming themselves and goading each other to take drastic action. “I have no doubt that Instagram helped kill my daughter,” Molly’s father told the BBC in an explosive interview that drew a public apology from U.S. social media giant Facebook, owner of the photo sharing site Instagram, as well as a promise to do more…


Nissan Cancels Plans to Make SUV in UK

All, Business, News
Nissan announced Sunday it has cancelled plans to make its X-Trail SUV in the UK — a sharp blow to British Prime Minister Theresa May, who fought to have the model built in northern England as she sought to shore up confidence in the British economy after it leaves the European Union. Nissan said it will consolidate production of the next generation X-Trail at its plant in Kyushu, Japan, where the model is currently produced, allowing the company to reduce investment costs in the early stages of the project. That reverses a decision in late 2016 to build the SUV at Nissan's Sunderland plant in northern England, which employs 7,000 workers. That plant will continue to make Nissan's Juke and Qashqai models. The announcement Sunday made no mention of any…


Start a Start-up: University in Texas Helps Students Become Entrepreneurs

All, News, Technology
In December 2018, Apple announced its plans to build a new campus in Austin. Texas is rapidly becoming more and more attractive for tech companies and is often called a second Silicon Valley, thanks to affordable housing, highly qualified workers and the abundance of universities that train IT professionals. Mariia Prus traveled to Dallas to see how universities help their students become entrepreneurs. Joy Wagner has her report. ...


Scientists Enlist Incredibly Tiny Allies in Cancer Fight

All, News, Technology
Researchers and doctors are using incredibly tiny particles — fluorescent nanoparticles — in a quest for new ways to fight cancer. Some nanoparticles, just billionths of a meter across, are engineered to carry special dye that glows when it hits cancer cells. Oregon State University scientists say this makes it easier for surgeons to find and remove tumors. Iryna Matviichuk visited Portland and learned the new procedure is closer to testing in human patients. Anna Rice narrates her report. ...


Optimism, But No Concrete Progress at US-China Trade Talks

All, Business, News
The most recent round of trade talks between the United States and China concluded in Washington this week with no firm deal other than a commitment to keep talking. Nike Ching reports on the status of the talks between the world's leading economies, as they try to find common ground before more America tariffs come online in early March. ...