Finance

Finance SC Ruling Allows Ground for Antitrust Suit Against Apple
Author: 0 SC Ruling Allows Ground for Antitrust Suit Against Apple

Essentially, the Apple v Pepper case argues that Apple's 30% commission cut from developers in the App Store is unfair, and results in inflated prices for iOS users. Apple found itself on the losing side of a Supreme Court ruling in the Apple v Pepper case earlier this morning. "The iPhone owners purchase apps directly from the retailer Apple", he said, describing a relationship sufficient to allow the lawsuit to go forward.

Finance $2bn for couple in case over weed-killer cancer link
Author: 0 $2bn for couple in case over weed-killer cancer link

The verdict comes about a month and a half after a jury awarded $80 million to another person, Edwin Hardeman , who has cancer. On Monday, a jury in Oakland, California, said Bayer was liable for plaintiffs Alva and Alberta Pilliod contracting non-Hodgkin's lymphoma.

Finance USA prepares to raise China trade tariffs
Author: 0 USA prepares to raise China trade tariffs

The White House received a diplomatic cable from Beijing late on Friday night containing systematic edits to the pair's almost 150-page draft trade agreement, threatening to undo months of negotiations between the world's two largest economies.

Finance Oil Prices Inch Lower On Trade Worries
Author: 0 Oil Prices Inch Lower On Trade Worries

On an annual basis, 200,000 bpd of oil equals about 10 million tonne (mt) of oil per year. Rising crude oil inventories in the USA also helped: this week is the first with a draw after two consecutive weekly builds, both considerable. The United States has decided not to renew exemptions from sanctions against Iran granted a year ago to buyers of Iranian oil, taking a tougher line than expected.

Finance Amazon.com shares boosted by Warren Buffett's comments
Author: 0 Amazon.com shares boosted by Warren Buffett's comments

Berkshire Hathaway is known for its value investments. The figures were released hours before Berkshire Hathaway's marathon annual shareholder meeting kicked off in Omaha, Nebraska on Saturday. That was more than the $1.3 billion that Berkshire, which historically has preferred using its cash on equities or acquisitions, spent all of previous year after relaxing its policy on buybacks.

Finance Facebook announces redesign, new Messenger, Portal features at F8
Author: 0 Facebook announces redesign, new Messenger, Portal features at F8

The company also plans to expand its Facebook Dating platform to 14 new countries, although South Africa was not listed among these new locations. While numerous new changes to Facebook appear to focus on privacy and creating a more intimate experience for users, numerous changes in store for WhatsApp and Instagram focus on e-commerce.

Finance Amazon to make one-day shipping the standard on Amazon Prime
Author: 0 Amazon to make one-day shipping the standard on Amazon Prime

Amazon said the category grew 34 percent in the first quarter to bring in $2.7 billion in net sales. Amazon will spend $800 million in the second quarter on the goal. Analysts expected revenue of $62.53 billion. Amazon's Prime subscription service offers free two-day shipping as one of its best perks, and now the company is about to make things even better.

Finance Apple Is Amazon’s Biggest Customer, Spends Over $30M Per Month On AWS
Author: 0 Apple Is Amazon’s Biggest Customer, Spends Over $30M Per Month On AWS

Apple has used AWS for iCloud storage in the past but has not publicly said if any of its other services also use AWS or other cloud providers. That is a gain of more than 10 percent from the same period previous year. As Apple increasingly turns its focus toward bringing in revenue from services and not just hardware, it's depending on a rival to help provide some of the necessary infrastructure.

Finance Huawei is funded by Chinese security agencies according to the CIA
Author: 0 Huawei is funded by Chinese security agencies according to the CIA

Australia and Japan have banned Huawei from rolling out 5G. While the U.S. is pushing for ban on use of Huawei's 5G equipment citing potential security threat, the company has denied these charges. Not only is Meng the CFO of Huawei, but she is also the daughter of its founder, Ren Zhengfei. A USA government spokesperson says the Prague meeting will mark "a strategic shift in how the US government plans to urge allies to drop Huawei.

Finance Easter egg hunters have two opportunities this weekend in South Delta
Author: 0 Easter egg hunters have two opportunities this weekend in South Delta

Eager egg-hunters watch from the sidelines as volunteers scatter candy and treats on the field. The Exploration Place is gearing up for an annual Easter tradition. Come for the egg hunt, stay for the face painting, arts and crafts, entertainment and, yes, a visit from the Eater Bunny. There were beeping egg hunts for the visually impaired, magnetic egg hunts for kids with mobility restrictions, and a quiet hunt for those with sensory processing sensitivities.

Finance Pakistan PM Khan appoints new finance minister in major re-shuffle
Author: 0 Pakistan PM Khan appoints new finance minister in major re-shuffle

Khan made 10 ministerial appointments, including Sheikh who has already served as finance minister under the opposition Pakistan People's Party when it was in power. Former petroleum minister Ghulam Sarwar Khan. Nadeem Babar has replaced Sarwar as the PM's adviser on petroleum. Azam Swati, who stepped down past year as minister of science and technology for allegedly using his influence over police to register a case against a poor family, made a comeback and appointed as minister for ...

Finance N Korea says it tested new weapon, wants Pompeo out of talks
Author: 0 N Korea says it tested new weapon, wants Pompeo out of talks

Senate subcommittee. The country also said it test-fired a new "tactical guided weapon". -North Korea summit in February, The Associated Press reported . "It shows that North Korea is going on, business as usual, after the failed Hanoi summit". Even though North Korea's latest test is not likely a ballistic missile, it is still meant to send a message to Trump, said Vipin Narang, a nuclear expert and professor at the Massachusetts Institute of Technology.

Finance Stratolaunch jet with 117-metre wingspan takes off for first flight
Author: 0 Stratolaunch jet with 117-metre wingspan takes off for first flight

The 117-meter wide plane took off from a runway in California's Mohave Desert and flew for 2.5 hours at altitudes of up to 5,000 meters at speeds of up to 304 km/h. With the Stratolaunch , an aircraft that transports its artifacts between its two fuselages , the great advantage is its enormous capacity of external transport.

Finance Uber sets IPO in motion, seeks to 'ignite opportunity'
Author: 0 Uber sets IPO in motion, seeks to 'ignite opportunity'

But the prospectus renewed questions about how sustainable Uber's business actually is. Uber released its IPO filing, and it is seeking to raise $1 billion. But Uber faces challenges that Lyft doesn't because of a series of revelations that sullied its reputation. The setbacks have contained uncontrolled sexual harassment and allegations it destroys self-driving vehicle technology.

Finance Millions of Fisher Price sleepers recalled after death of 30 babies
Author: 0 Millions of Fisher Price sleepers recalled after death of 30 babies

A safety warning was issued last week , but The American Academy of Pediatrics urged Fisher-Price and the CPSC to recall the sleepers, calling them "deadly". Tragically, that is not the case. She wants the recall to explain the "other circumstances" babies have died under using the sleeper. "We need to step up efforts to assure safety in products before they go on store shelves or into our homes".

Finance Cryptographer close to Assange arrested for attempting to 'destabalise' Ecuador
Author: 0 Cryptographer close to Assange arrested for attempting to 'destabalise' Ecuador

Assange is in British jail and faces extradition to the United States on charges he conspired to reveal government secrets and hack into Pentagon computers. Though prosecutors dropped this investigation, Assange still faced British charges of failing to appear in front of a court when ordered to. For Swedish prosecutors, there was little to do with Assange outside of the reach of British police due to the 1961 Vienna Convention on Diplomatic Relations, which says law enforcement ...

Finance Hopes of Brexit delay pinned on key talks
Author: 0 Hopes of Brexit delay pinned on key talks

They also discussed upcoming European parliamentary elections with the PM saying that the government was working very hard to avoid the need for the United Kingdom to take part. The majority of May's Conservative Party voted alongside the opposition Labour Party to back the prime minister's approach by 420 votes to 110.

Finance US Economy Adds 196000 Jobs in March
Author: 0 US Economy Adds 196000 Jobs in March

Average hourly wages rose four cents for the month, putting them up 3.2 percent over March of past year, more than twice the pace of consumer inflation over the same period. Labour force numbers, which had been rising strongly along with jobs, also declined slightly in March, down by 11,300. Construction picked up 16,000 jobs in March after shedding 25,000 jobs a month earlier and, over the last 12 months, the industry has expanded by 246,000 jobs.

Finance Hundreds of millions of Facebook records exposed on Amazon cloud servers
Author: 0 Hundreds of millions of Facebook records exposed on Amazon cloud servers

What's Facebook doing about it? Upguard apparently tried to contact Cultura Colectiva , with no response. By far the larger of the two comes from Mexico-based media company Cultura Colectiva . Well, it's hard to say. "Too many organisations are using poor hygiene when storing passwords and other sensitive information ", said Stephen Cox, Chief Security Architect at SecureAuth.

Finance Brexit: Theresa May offers cross-party talks to break deadlock
Author: 0 Brexit: Theresa May offers cross-party talks to break deadlock

The statement followed seven hours of meetings with Cabinet ministers, and came a day after the House of Commons yet again rejected alternative plans for Brexit during indicative votes. "She needs to put forward a proposal, including saying how long an extension she thinks we need to sort things out". Tory MP Sir Oliver Letwin, who supports Ms Cooper's bill, said: "This is a last-ditch attempt to prevent our country being exposed to the risks inherent in a no-deal exit".

Finance Online video streaming is now more popular than cable
Author: 0 Online video streaming is now more popular than cable

From what we can tell, if this model will work anywhere, it's in India's fast-growing market, which is also experiencing a boom in digital services like instant money transfers, ecommerce, and streaming content channels. We've also seen this trend taking over the video game industry too, with Xbox announcing a digital-only Xbox One S and Google announcing its cloud-based gaming platform Google Stadia .

Finance $625 Million Powerball Jackpot Up for Grabs
Author: 0 $625 Million Powerball Jackpot Up for Grabs

The Powerball website does not list the county in which the SC ticket was sold. It typically takes Powerball about one to two hours to process all the tickets and announce if someone won. The jackpot has reached such a live level due to 24 drawings without a victor. Deadline is 7:08 p.m. that day. For the latest on Michigan Lottery , check out the official Michigan Lottery site , which also offers more information on instant tickets, raffles and other lottery games.

Finance Bayer Shares Plummet Upon Verdict That Roundup Caused Man's Cancer
Author: 0 Bayer Shares Plummet Upon Verdict That Roundup Caused Man's Cancer

Edwin Hardeman, the plaintiff in the case, was diagnosed with non-Hodgkin's lymphoma (NHL) in 2015 after using Roundup to kill poison oak and weeds on his property for over 20 years. Together with its existing holding in Bayer, Temasek would then own about 4 percent in Bayer after the transaction. The next stage of the trial will consider Bayer's liability and damages.

Finance IEA: US to become 2nd biggest oil exporter by 2024
Author: 0 IEA: US to become 2nd biggest oil exporter by 2024

International Brent crude oil futures marked a 2019-peak of $67.80 per barrel in Asian morning hours. "With OPEC's cuts in full-swing ... persistent supply issues and a deteriorating picture on Venezuela , oil is looking well supported", said Jasper Lawler, head of research at futures brokerage London Capital Group.

Finance Tesla Rolls Out Electric SUV
Author: 0 Tesla Rolls Out Electric SUV

It's fair to say the automaker is up against an entirely different set of hurdles than it was on March 31, 2016. The Model Y's immediately-recognizable problem is that it looks like it shares over 90% of its parts with the Model 3 , rather than the 75% Tesla claims.

Finance United Kingdom seeks to slam the brakes on Brexit, but what comes next?
Author: 0 United Kingdom seeks to slam the brakes on Brexit, but what comes next?

Another will try to prevent May bringing her European Union twice-rejected divorce deal back for a third vote. Work and Pensions Minister Sarah Newton quit after defying the whips to vote for the cross-party proposal. A new round of Brexit tussles came a day after chaotic scenes in the House of Commons, when lawmakers voted to rule out leaving the European Union without an agreement on divorce terms.

Finance China says working with US on trade deal
Author: 0 China says working with US on trade deal

China's data on Friday showed its surplus with the United States narrowed to $14.72 billion in February from $27.3 billion in January, and it has promised to buy more US goods such as agricultural products as part of the trade discussions.

Finance First look at Tesla’s next-generation Supercharger V3 in action
Author: 0 First look at Tesla’s next-generation Supercharger V3 in action

Tesla says that only the Model 3 will be updated to support the maximum charge rate of 250 kW, at least for now. While much of the enabling technology for this comes from the new cable design and a 1 megawatt Supercharger power cabinet, Tesla is updating the Model 3 as well to optimize itself pre-charge.

Finance USA to end trade preferences for Turkey, India
Author: 0 USA to end trade preferences for Turkey, India

Preferential trade treatment for India now allows $5.6bn (£4.3bn) worth of exports to enter the United States duty free, according to Reuters . The move, the professor at the University of Kansas School of Law said in an interaction with BloombergQuint, signifies a change in tone of India-U.S.

Finance Victoria's Secret closing more than 50 stores after poor holiday sales
Author: 0 Victoria's Secret closing more than 50 stores after poor holiday sales

A drop in sales of 3 per cent over the Christmas period, combined with a fall of in-store sales by 7 per cent, meant shares in the parent company dropped by nearly 9 per cent this week. The Columbus, Ohio company also operates Bath & Body Works. The company closed 30 stores past year as more people turned to online shopping than malls.

Finance Guaidó to visit Brazil for talks on Venezuela
Author: 0 Guaidó to visit Brazil for talks on Venezuela

Charter such as sovereign equality, non-intervention in internal affairs and the peaceful settlement of disputes. Mr Arreaza spent much of a speech to the top United Nations human rights body denouncing what he called U.S. Members of the United Nations Security Council gather during a meeting about the situation in Venezuela, in NY, U.S., February 26, 2019. Over the weekend, violent protests broke out in towns along Venezuela's border with Colombia and Brazil.

Finance Fortnite Ads Pulled From YouTube After Predator Controversy
Author: 0 Fortnite Ads Pulled From YouTube After Predator Controversy

The shocking video has been edited in between the Nintendo game Splatoon and the man Filthy Frank a YouTuber says "Remember, kids, sideways for attention, longways for results". This comes in the wake of YouTube removing millions of videos and channels a year ago for spam, scams, extreme content, or conspiracy theories.

Finance Oil remains bid in Asia on Venezuela sanctions and OPEC output cut
Author: 0 Oil remains bid in Asia on Venezuela sanctions and OPEC output cut

WTI Crude, according to Goldman Sachs, will average US$55.50 a barrel, compared with an earlier estimate of US$64.50 a barrel. Falih pointed out that the state-owned oil company "Saudi Aramco" was planning to develop an worldwide energy exploration and production business, stressing that the overseas expansion would be the company future's "core pillar".

Finance Trudeau ‘surprised’ by minister’s resignation
Author: 0 Trudeau ‘surprised’ by minister’s resignation

Even so, a full contingent of Team Trudeau cabinet ministers is nevertheless set to hit the circuit to tout their government's record, although each and every one of them should be prepared to face questions on the latest developments in the SNC Lavalin controversy.

Finance Amazon drops huge chunk of change on self-driving auto tech
Author: 0 Amazon drops huge chunk of change on self-driving auto tech

Amazon's investment, which an Aurora blog post terms "significant", comes as part of a Series B funding round of more than $530 million led by Sequoia. The new $530 million round marks marks the first time the online retail giant has publicly invested in the self-driving vehicle market, which amounts to a significant endorsement.

Finance Amazon exploring potential alternatives to New York HQ
Author: 0 Amazon exploring potential alternatives to New York HQ

Unlike in Virginia and Tennessee, where legislators emphatically approved and incentivized the building of Amazon HQ with millions of dollars in project investments, a group of NY legislators and unions are banding together in disapproval.

Finance Venezuelan opposition welcomes Canada's call for military backing
Author: 0 Venezuelan opposition welcomes Canada's call for military backing

The stash included at least 19 rifles and 118 magazines, high-caliber ammunition, as well as 90 radios and six mobile phones - and was likely sent from Miami, Florida on Sunday, authorities believe. - The top brass of Venezuela's military has shown no sign of leaving Maduro's side. Some EU countries hoped to go further than a joint statement on Venezuela agreed ten days ago declaring Maduro's re-election illegitimate and warning of "further actions, including on the issue of recognition of ...

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