US Tech Companies Reconsider Saudi Investment

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The controversy over the death of Saudi Arabian journalist Jamal Khashoggi has shined a harsh light on the growing financial ties between Silicon Valley and the world's largest oil exporter. As Saudi Arabia's annual investment forum in Riyadh — dubbed "Davos in the Desert" — continues, representatives from many of the kingdom's highest-profile overseas tech investments are not attending, joining other international business leaders in shunning a conference amid lingering questions over what role the Saudi government played in the killing of a journalist inside their consulate in Turkey. Tech leaders such as Steve Case, the co-founder of AOL, and Dara Khosrowshahi, the chief executive of Uber, declined to attend this week's annual investment forum in Riyadh. Even the CEO of Softbank, which has received billions of dollars from Saudi…
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Low-tech Tools Can Fight Land Corruption, Experts Say

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Technological solutions to prevent land corruption require resources, but they do not have to be expensive, land rights experts said Tuesday. Satellite imagery, cloud computing and blockchain are among technologies with the potential to help many of the world's more than 1 billion people estimated to lack secure property rights. But they can be expensive and require experts to be trained. That's where low-tech solutions such as Cadastre Registry Inventory Without Paper (CRISP) can be useful, said Ketakandriana Rafitoson, executive director of global anti-corruption watchdog Transparency International (TI) in Madagascar. CRISP helps local activists in Madagascar, one of the world's poorest countries, document land ownership using tablets with fingerprint readers and built-in cameras, which cost $20 a day to rent. Users can take pictures of ID cards, location agreements, photos of landowners, their neighbors and any witnesses who were present during land demarcation, Rafitoson…
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Syria’s Food Production Hits 29-Year Low

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A report by the Food and Agriculture Organization and World Food Program finds extreme weather conditions in Syria have caused the lowest production of wheat and barley for nearly three decades in this war-torn country. Still, the Syrian government has managed to pacify most of country after more than seven years of brutal, murderous conflict that has reportedly killed more than 350,000 people. Because of improved security, more people are returning to their places of origin. But the report says despite improved access to agricultural land in some areas, erratic weather has caused a sharp decline in crop production this year, compared to last. It says large areas of rainfed cereals have failed because of a long dry period early in the season. This was followed by unseasonably late heavy…
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First Sign Language Starbucks Opens in Washington DC

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Coffee drinkers in the nation’s capital can now order that tall pumpkin spice iced skim latte in sign language. Starbucks has opened its first U.S. “signing store” to better serve hard of hearing customers. The store in Washington is just blocks from Gallaudet University, one of the nation’s oldest universities serving deaf and hard of hearing students. Marlee Matlin, the only deaf actor to win an Academy Award, posted an Instagram video of herself ordering a drink early Tuesday. “The sign for the week is COFFEE,” she wrote. Starbucks announced in July that it would hire 20 to 25 deaf or hard of hearing baristas to work at the store. The store is modeled after a similar Starbucks signing store which opened in Kuala Lumpur, Malaysia in 2016.   ...
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Global Stocks Fall on Worries About Weak Economic Growth, Profit

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Global stocks tumbled Tuesday amid investors' concerns over world economic growth and gloomy forecasts from U.S. bellwether companies. Major Asian indexes fell sharply after China increased financing for privately-held companies. Compounding investor worries were gloomy forecasts from U.S. industrial giants Caterpillar and 3M. The developments dampened investor optimism about the global economy, which appears to be slowing after an expansion last year propelled global stocks higher. Earlier this month, the International Monetary Fund cut its global economic forecast for 2018 and 2019, blaming protectionist trade policies and uncertainty in emerging markets. The U.S. economy, which investors have viewed more favorably, has also shown signs of weakening. The housing and automobile sectors have faltered, and a report to be released Friday is expected to show U.S. economic growth moderated in the…
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Apple Offers a Range of iPhones, From $450 to $1,100

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Apple’s new iPhone XR has most of the features found in the top-of-the-line iPhone XS Max, but not its $1,100 price tag. The XR offers the right trade-offs for just $750. For something cheaper, you’ll need to look in the iPhone history bin. Older models are still quite good. If you’re shopping for a new phone, it pays to think hard about what you really want and what you’re willing to pay for it. Improvements over the previous generation tend to be incremental, but can add up over time — and so do the sums you’ll pay for them. IPHONE 7 ($449) The big jump in iPhone cameras came a generation earlier with the iPhone 6S, when Apple went from 8 megapixels to 12 megapixels in resolution. With the iPhone…
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Twitter Removes Accounts Linked to Alex Jones, Infowars

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Twitter has removed some accounts thought to be used to circumvent a ban on conspiracy-monger Alex Jones and Infowars, the company said Tuesday. A Twitter spokesman confirmed that the accounts had been removed but provided no additional comment. The company says it usually does not discuss specific accounts. Twitter permanently suspended @realalexjones and @infowars from Twitter and Periscope in early September. It said it based that action in reports of tweets and videos that violated its policy against abusive behavior. The company said it would continue to evaluate reports regarding other accounts potentially associated with @realalexjones or @infowars and would take action if it finds content that violates its rules or if other accounts are used to try to circumvent their ban. Other tech companies, including PayPal, YouTube, Apple and…
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US Regulator Orders Halt to Self-Driving School Bus Test in Florida

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The National Highway Traffic Safety Administration on Monday said it had ordered Transdev North America to immediately stop transporting schoolchildren in Florida in a driverless shuttle as the testing could be putting them at "inappropriate" risk. The auto safety agency known as NHTSA said in an order issued late Friday that Transdev's use of its EZ10 Generation II driverless shuttle in the Babcock Ranch community in southwest Florida was "unlawful and in violation of the company's temporary importation authorization." "Innovation must not come at the risk of public safety," said Deputy NHTSA Administrator Heidi King in a statement. "Using a non-compliant test vehicle to transport children is irresponsible, inappropriate, and in direct violation of the terms of Transdev's approved test project." In March, NHTSA granted Transdev permission to temporarily import…
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Individual Cooling Units Could Save Lives

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The World Health Organization is closely watching the Ebola outbreak in Congo where the number of cases has risen to 185 since the outbreak started in August. One of the challenges for health workers fighting highly infectious diseases like Ebola is spending time in HazMat suits. They can be unwieldy and incredibly hot, but new technology could solve one of those problems. VOA's Kevin Enochs reports. ...
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Foreigners Sold Net $1.1 BLN of Saudi Stocks in Week to Oct 18

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Foreigners sold a net 4.01 billion riyal ($1.07 billion) in Saudi stocks in the week ending Oct. 18, exchange data showed on Sunday - one of the biggest selloff since the market opened to direct foreign buying in mid-2015. The selloff came during a week when investors were rattled by Saudi Arabia's deteriorating relations with foreign powers following the disappearance of journalist Jamal Khashoggi. Riyadh said on Saturday that Khashoggi died in a fight inside its Istanbul consulate, its first acknowledgment of his death after denying for two weeks that it was involved in his disappearance. A breakdown of the data showed foreigners sold 5 billion riyals worth of stocks and bought 991.3 million worth. The Saudi stock market is down about 4 percent since Khashoggi's disappeared. The market had…
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Using Tech to Save World’s Most Endangered Species in Tanzania

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In Tanzania, protecting endangered animals has become easier thanks to Earth Ranger. Earth Ranger is not a superhero, it's a technology platform, developed by Vulcan Inc., a company co-founded by U.S. philanthropist and Microsoft co-founder Paul Allen. The system helps rangers remotely monitor elephants and other animals to stay ahead of poachers. Faiza Elmasry has the story. VOA's Faith Lapidus narrates. ...
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IMF Reaches Deal with Ukraine on New $4 Billion, 14-Month Loan

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The International Monetary Fund announced Friday it had reached an agreement with Ukraine on economic policies that would unlock a new loan deal that will provide nearly $4 billion. The new 14-month standby loan deal replaces an existing four-year financial aid package agreed in March 2015 and due to expire in five months, the IMF said in a statement. The agreement must be approved by the IMF board, which will come later in the year after authorities in Kyiv approve a 2019 budget "consistent with IMF staff recommendations and an increase in household gas and heating tariffs," a step the government had agreed on but never implemented. But the deal also stresses the need for "continuing to protect low-income households." Ukraine Prime Minister Volodymyr Groysman had been seeking the additional…
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Financial Watchdog: Regulate Cryptocurrencies Now, Or Else

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A global financial body says governments worldwide must establish rules for virtual currencies like bitcoin to stop criminals from using them to launder money or finance terrorism. The Financial Action Task Force said Friday that from next year it will start assessing whether countries are doing enough to fight criminal use of virtual currencies. Countries that don't could risk being effectively put on a "gray list" by the FATF, which can scare away investors. Marshall Billingslea, an assistant U.S. Treasury secretary who holds the FATF's rotating leadership, said, "We've made clear today that every jurisdiction must establish" virtual currency rules. "It's no longer optional." The FATF described how the Islamic State group and al-Qaida have used virtual currencies. Financial regulators worldwide have struggled to deal with the rise of electronic…
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Former Deputy UK Leader Nick Clegg Takes Post with Facebook

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Facebook has hired former U.K. deputy prime minister Nick Clegg to head its global policy and communications teams, enlisting a veteran of European Union politics to help it with increased regulatory scrutiny in the region. Clegg, 51, will become a vice president of the social media giant, and report to Chief Operating Officer Sheryl Sandberg. Clegg will be called upon to help Facebook and other Silicon Valley stalwarts grapple with a changing regulatory landscape globally. European Union regulators are interested in reining in mostly American tech giants who they blame for avoiding tax, stifling competition and encroaching on privacy rights. Clegg led the Liberal Democrats from 2007 to 2015, including five years in the coalition government with the Conservatives. He lost his Sheffield Hallam seat at last year's general election.…
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Women-to-Women Business Fund Comes to Britain

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A women-to-women investment fund is coming to Britain next month to boost financing for female-owned businesses, its founder said Thursday, as efforts grow to close the gender investing gap. SheEO has lent more than $2 million to 32 female social entrepreneurs in the United States, Canada and New Zealand to grow their businesses since 2015 in an attempt to address a global gender investment gap. “Most of the people writing checks and investing are men,” founder Vicki Saunders told the Thomson Reuters Foundation. “SheEO wants to fund female innovators with great ideas to create stronger communities and a better world.” Support for female entrepreneurs It is the latest venture to support female entrepreneurs around the world, who often face more obstacles than men, including a lack of access to finance,…
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Data Project Aims to Stop Human Trafficking Before It Occurs

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Computer giant IBM Corp., financial services company Western Union Co. and European police launched a project Thursday to share financial data that  they said may one day be able to predict human trafficking before it occurs. The shared data hub will collect information on money moving around the world and compare it with known ways that traffickers move their illicit gains, highlighting red flags signaling potential trafficking, organizers said. "We will build and aggregate that material, using IBM tools, into an understanding of hot spots and routes and trends," said Neil Giles, a director at global anti-slavery group Stop the Traffik, which is participating in the project. Data collection, digital tools and modern technology are the latest weapons in the fight against human trafficking, estimated to be a $150 billion-a-year global business, according to the International Labor Organization. The U.N. has set a…
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US Stocks Slide on Saudi Arabia, Italy Concerns

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U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted about the possibility of strained relations between the United States and Saudi Arabia. S&P 500 technology stocks fell more than 2 percent, as did the tech-heavy Nasdaq. Wall Street's major indexes pared early losses in morning trading but reversed course to fall further as European markets closed. Italian bond yields jumped after the European Commission deemed the country's 2019 budget draft to be in breach of EU rules. U.S. stocks declined further after U.S. Treasury Secretary Steven Mnuchin pulled out of an investor conference in Saudi Arabia as the White House awaited the outcome of investigations into the disappearance of Saudi journalist Jamal Khashoggi. "It's a function of a lot of things coalescing into a concern," said Mark Luschini, chief…
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Russian Firms Test Non-Dollar Deals to Sidestep US Sanctions

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Several major Russian companies are exploring ways to do deals abroad without using dollars, spurred on by a U.S. threat to broaden sanctions that have impeded access of some Russian firms to the international banking system. The Kremlin has been pushing companies to conduct more deals using other currencies to reduce reliance on the dollar. Russian Alrosa, the world's biggest producer of rough diamonds in carat terms, said it had completed a pilot deal with a Chinese client using yuan in the summer and another non-dollar transaction with an Indian client. Other companies working on similar transactions include energy firm Surgutneftegaz, agricultural company Rusagro and miner Norilsk Nickel. Russia's central bank said this week the amount of non-dollar dealings was growing, with the share of rouble settlements in the Russia-China…
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Rural Americans Struggle with Poor Broadband Access

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Even in the country that invented the internet, access has remained painfully slow for many rural residents in places like the central state of Arkansas, far from the big cities of the East and West coasts. That may be about to change. The Federal Communications Commission — a government agency — recently auctioned off almost $1.5 billion in subsidies to get broadband providers to serve an additional 700,000 American homes over the next 10 years. Additional such auctions are planned. For rural residents in Arkansas — ranked as one of the worst connected states in the country — it cannot come too soon. "Remember dial-up?" That's how Ashley Vaughan responds when she's asked to describe her internet speed at home. She's a resident of Pangburn, Arkansas, a town of about…
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Why America Stopped Shopping at Sears

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In the late 1960s, while fledgling new retailers Walmart, Kohl's, Kmart and Target were hard at work establishing a foothold in the hearts, minds and wallets of the American consumer, the nation's dominant retailer was busy building the world's tallest building. In pouring its funds and focus into Chicago's Sears Tower, America's original super-store may have unwittingly become the architect of its own long, slow and painful demise. “Walmart, the strongest of all those four, wasn’t anywhere near where Sears was for a couple of decades," says James Schrager, professor of entrepreneurship and strategy at the University of Chicago's Booth School of Business. "So, if Sears was on top of things, even in the early 80s, they could have been Target or a better version of Kmart, they could have…
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US Again Declines to Label China a Currency Manipulator 

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The Trump administration has again declined to label China a currency manipulator, but says it is keeping China and five other nations on a watch list. “Of particular concern are China’s lack of currency transparency and the recent weakness in its currency,” U.S. Treasury Secretary Steven Mnuchin said in his biannual report to Congress. “Those pose major challenges to achieving fairer and more balanced trade and we will continue to monitor and review China's currency practices, including thorough ongoing discussions with the People’s Bank of China,” he said. Mnuchin said China — along with Germany, India, Japan, South Korea and Switzerland — would be placed on a list of countries whose currency practices require what the report calls “close attention.” Governments manipulate currency by keeping the exchange rates artificially low…
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Jubilant Customers Light Up as Marijuana Sales Begin in Canada

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Jubilant customers stood in long lines for hours then lit up and celebrated on sidewalks Wednesday as Canada became the world's largest legal marijuana marketplace. In Toronto, people smoked joints as soon as they rolled out of bed in a big "wake and bake" celebration. In Alberta, a government website that sells pot crashed when too many people tried to place orders. And in Montreal, Graeme Campbell welcomed the day he could easily buy all the pot he wanted.  "It's hard to find people to sell to me because I look like a cop," the clean-cut, 43-year-old computer programmer said outside a newly opened pot store. He and his friend Alex Lacrosse were smoking a joint when two police officers walked by. "I passed you a joint right in front…
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Tesla Secures Land in Shanghai for First Factory Outside US

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Electric auto brand Tesla Inc. said it signed an agreement Wednesday to secure land in Shanghai for its first factory outside the United States, pushing ahead with development despite mounting U.S.-Chinese trade tensions. Tesla, based on Palo Alto, California, announced plans for the Shanghai factory in July after the Chinese government said it would end restrictions on full foreign ownership of electric vehicle makers to speed up industry development. Those plans have gone ahead despite tariff hikes by Washington and Beijing on billions of dollars of each other’s goods in a dispute over Chinese technology policy. U.S. imports targeted by Beijing’s penalties include electric cars. China is the biggest global electric vehicle market and Tesla’s second-largest after the United States. Tesla joins global automakers including General Motors Co., Volkswagen AG…
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Twitter Releases Tweets Showing Russian, Iranian Attempts to Influence US Politics

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On Wednesday, Twitter released a collection of more than 10 million tweets related to thousands of accounts affiliated with Russia’s Internet Research Agency propaganda organization, as well as hundreds more troll accounts, including many based in Iran. The data, analyzed and released in a report by The Atlantic Council’s Digital Forensic Research Lab, are made up of 3,841 accounts affiliated with the Russia-based Internet Research Agency, 770 other accounts potentially based in Iran as well as 10 million tweets and more than 2 million images, videos and other media. Russian trolls targeting U.S. politics took on personas from both the left and the right. Their primary goal appears to have been to sow discord, rather than promote any particular side, presumably with a goal of weakening the United States, the…
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Twitter Releases Tweets Showing Foreign Attempts to Influence US Politics

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Twitter has released a collection of more than 10 million tweets it says are related to foreign efforts to influence U.S. elections going back a decade, including many tied to Russia’s digital efforts to sow chaos and sway the 2016 election in favor of Donald Trump. Twitter says it made the cache, which includes tweets from Iran and Russia’s state-sponsored troll farm, Internet Research Agency, available so researchers around the world could conduct their own analyses. The non-partisan Atlantic Council's Digital Forensic Research Lab has been looking through the collection since last week.  In a preliminary analysis posted on Medium, the online publishing platform, the Lab noted operators from Iran and Russia appeared to have targeted politically polarized groups in order to maximize divisiveness in the United States’ political scene.…
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Many CEOs Pull Out of Saudi Investment Conference

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Western corporate chiefs are continuing to pull out of an investment conference in Saudi Arabia next week, distancing themselves from questions about Riyadh's involvement in the disappearance and alleged killing of a U.S.-based Saudi journalist in Turkey. At first, many of the business leaders reserved judgment on what happened to the missing journalist, Jamal Khashoggi. But as reports from Turkey have mounted alleging that Saudi agents tortured, killed and dismembered Khashoggi two weeks ago inside the country's consulate in Istanbul, the chief executives have announced in recent days they will not be attending the three-day Future Investment Initiative conference in Riyadh starting Tuesday. Saudi Arabia has denied killing Khashoggi, a critic of the country's de facto leader, Crown Prince Mohammed bin Salman, in columns he wrote for The Washington Post.…
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