Economy

Federal Reserve raises interest rates

Federal Reserve raises interest rates Powell has repeatedly played down the dot plot as a guide to future interest rates , though investors continue to focus on it. The central bank also signaled two more hikes are coming in 2018 and four in 2019, a possible sign of concern about accelerating inflation in the US. [Full Article...]

Judge clears AT&T takeover of Time Warner

Judge clears AT&T takeover of Time Warner Comcast is backing a dump truck of cash up to 21st Century Fox's doorstep, besting Disney's previous offer to buy the company. 21st Century Fox originally rejected the $60 billion Comcast offer due to concerns that the federal government might block such a deal. [Full Article...]

Local business owner fears effects of net neutrality repeal

Local business owner fears effects of net neutrality repeal An edge provider , for those wondering, is an individual or entity that provides content, applications or services over the internet, or devices for accessing any of those things over the internet, available to end-users, i.e., the consumers. [Full Article...]

Canada parliament condemns U.S. attack on Trudeau, country simmers

Canada parliament condemns U.S. attack on Trudeau, country simmers He said that Canada has to stand up for itself. The comments, made after Trump had left to go to Singapore for his much-anticipated meeting with North Korean leader Kim Jong Un , infuriated the US president. "Number one, he's not going to allow the people to suddenly take potshots at him hours before that summit, and number two, Trudeau should've known better". [Full Article...]

US Says NKorea Talks Moving Quickly, Trump to Leave Early

US Says NKorea Talks Moving Quickly, Trump to Leave Early He had his first formal meeting of the summit with the prime minister of Singapore , Lee Hsien Loong. And so we're putting him on the same stage as the American president. In return, Kim, said to be in his mid-thirties, called Trump "mentally deranged" and a "dotard". "So today, we have the opportunity for a historic meeting , a possible end to the Korean war, and a possible move to denuclea... [Full Article...]

President Trump And Kim Jong Un Set To Begin Summit In Singapore

President Trump And Kim Jong Un Set To Begin Summit In Singapore There was speculation throughout the day over whether Kim Jong Un had taken his private jet- an Ilyushin IL-62M - from Pyongyang, but official photos released by the Singaporean Ministry of Communications and Information showing Kim meeting Balakrishnan on the tarmac appear to reveal that he flew to Singapore aboard an Air China Boeing 747. [Full Article...]

McAdams will be succeeded by Vestberg as CEO of Verizon

McAdams will be succeeded by Vestberg as CEO of Verizon Hans Vestberg as the CEO of Ericsson could not revive the Sweden-based telecom network company despite exploring opportunities to grow bigger and lower cost. Since his appointment to EVP and President of Global Operations in 2015, Stratton has led and grown the company's established businesses, including Verizon Wireless, Verizon Enterprise Solutions, Verizon Consumer Markets, Verizon Business ... [Full Article...]

Ghana Football Association dissolved after release of Documentary Exposing Corruption

Ghana Football Association dissolved after release of Documentary Exposing Corruption The longest-serving President of the Ghana Football Association (GFA), Kwesi Nyantakyi , who was virtually forced to resign yesterday, has rendered an unqualified apology to President Akufo-Addo for dragging his name in the mud in the Anas Aremeyaw Anas video. [Full Article...]

Donald Trump: Top economies should drop all tariffs

Both Moscow and Trump have denied the allegations. Trump said that he also discussed the possibility of Russian rejoining the summit and immigration. "We are very clear that Canada does not pose a national security threat to the United States", she said. A member of Macron's team characterised Friday's talks as "frank and robust", with Trump first repeating his lengthy diatribe about what he... [Full Article...]

Google pledges not to develop AI weapons

Google pledges not to develop AI weapons This commitment follows protests from staff over the USA military's research into using Google's vision recognition systems to help guide drones . Google then reportedly told its staff it would not bid to renew the contract , for the Pentagon's Project Maven, after it expires in 2019. [Full Article...]

Porsche to name all-electric model Taycan

Porsche to name all-electric model Taycan The name " Taycan ", Porsche says, translates to "lively young horse". Porsche debuted the Mission E concept more than two years ago, but when the electric sports vehicle goes into production, it will feature a different name. Of the additional three billion Euros, some 500 million Euros will be used for the development of Taycan variants and derivatives, around one billion Euros for ele... [Full Article...]

Tesla board overcomes critics as investors back Musk, directors

Tesla board overcomes critics as investors back Musk, directors Tesla kicked off its annual shareholder's meeting on Tuesday, with the company covering a myriad of topics ranging from vehicle production to Supercharger stations. More than 80 percent of shareholder votes were against the proposal. The shareholder votes also went according to plan, although Kallo thinks the wide margin of the board re-election is a vote of confidence in current management. [Full Article...]

Koch network planning major campaign against Trump’s tariffs

Koch network planning major campaign against Trump’s tariffs CSPA President Joseph Galimberti met with Prime Minister Justin Trudeau Monday morning, days after the US imposed 25 per cent tariffs on some imports of foreign steel and 10 per cent tariffs on aluminum imports. The emergence of the Koch brothers as household names, especially in political circles, accompanied the rise of the tea party movement during and after Barack Obama's campaign for the pr... [Full Article...]

China warns US no deal if tariffs go ahead

China warns US no deal if tariffs go ahead The two countries ended their latest round of negotiations on Sunday with U.S. Commerce Secretary Wilbur Ross and his delegation leaving Beijing without making a public statement . That would amount to more than one-third of Chinese imports of American goods. Now, the U.S.is turning to Beijing and to a standoff that has taken some confusing turns. [Full Article...]

Trump and Roseanne Barr Called ‘Stone Cold’ Racists

Trump and Roseanne Barr Called ‘Stone Cold’ Racists Barr created a firestorm this week when she posted a tweet likening former Obama White House senior adviser Valerie Jarrett to an ape . "Guys I did something unforgiveable so do not defend me", Barr wrote early Wednesday. After being axed, Barr announced she would be leaving Twitter . " Roseanne " was rebooted in March after a 21-year hiatus with Barr's character recast as a Tr... [Full Article...]

Vermont Willing to Pay $10000 for People to Move There

Vermont Willing to Pay $10000 for People to Move There The money can be spent on qualified expenses such as rental and relocation costs, computer equipment and software, internet access, and co-working space memberships. The first-come, first-served remote worker grants are only available to new residents who relocate on or after January 1, 2019. If you're a remote worker, you're in luck. [Full Article...]

European Union moves ahead with counterstrike to American tariffs

European Union moves ahead with counterstrike to American tariffs Ross told reporters that talks with Canada and Mexico over revising the North American Free Trade Agreement were "taking longer than we had hoped". He estimated that the economic impact of the tariffs would amount to "a very small part of trade flows as a whole". [Full Article...]

U.S. metals tariffs won't 'break' Canada's economy: Economist

U.S. metals tariffs won't 'break' Canada's economy: Economist They report a really high surplus on trade with us. "Canada is a secure supplier of aluminum and steel to the US defense industry, putting aluminum in American planes and steel in American tanks", Trudeau said. "So now this door for the moment is closed". Earlier this week, the White House said it is moving forward with tariffs on $50 billion worth of Chinese goods as punishment for intellec... [Full Article...]

Visa systems operating at 'close to' normal levels after severe disruption

Visa systems operating at 'close to' normal levels after severe disruption The issues reportedly arose after the Visa card network experienced severe disruptions today. Millions of shops and businesses across the United Kingdom are unable to process Visa card payments due to a nationwide outage in the Visa network. [Full Article...]

France are going to win the World Cup (according to EA)

France are going to win the World Cup (according to EA) For sports fans not so into football , they can also tune into Sport 24 throughout June and July to catch live action from the NBA Finals, Stanley Cup Finals, US Open and European Tour golf, Wimbledon, and the British Open. Saudi Arabia will have no officials at the World Cup after Federation Internationale de Football Association made a decision to cut the disgraced Fahad Al-Mirdasi from its li... [Full Article...]


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