News

Trade Commission announced $5 billion fine to Facebook

  • Published by : Nora Black
  • 13-Jul-2019
Approximately $5 billion fine has been approved by The Federal Trade Commission on Facebook over the company's 2018 Cambridge Analytical Scandal. This will be the largest ever fine imposed against any tech Company by The Federal Trade Commission. In 2012 Google Paid $22.5 million penalty for its privacy practices. $5 Billion fine would be near about 9% of Facebook's Revenue in 2018. Facebook took a one-time charge of $3 billion in anticipation of the independent agency fine in Apr within th
Read More

Trump to decide on $300 billion China tariffs after G20 meeting

  • Published by : Nora Black
  • 07-Jun-2019
Relations between the United States and China have deteriorated since Trump in early May accused Beijing of reneging on commitments to change its ways of doing business with the rest of the world. Since then the two sides have acted against each other’s companies and exchanged harsh words on the diplomatic front, an escalation that has rattled global markets and wiped out more than $1.5 trillion in investments worldwide. Trump raised tariffs to 25% on $200 billion of Chinese goods and ordered
Read More

Growth 'may slow, but only slightly' after US restrictions: Huawei founder

  • Published by : Nora Black
  • 22-May-2019
Huawei Technologies’ founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant “may slow, but only slightly” due to recent US restrictions. In remarks to the Japanese press and reported by Nikkei Asian Review, Ren reiterated that the Chinese telecom equipment maker has not violated any law. “It is expected that Huawei’s growth may slow, but only slightly,” Ren told Japanese media in his first official comments after the US restrictions, adding that the
Read More

Canada closes embassy in Sudan as army forces president Omar al-Bashir to step down

  • Published by : Nora Black
  • 16-Apr-2019
Canada’s embassy in Sudan closed Thursday after Sudanese President Omar al-Bashir was deposed by the army after three decades of autocratic power that included allegations of genocide. Officials are telling Canadians to avoid all travel to the country because of safety and security concerns, warning of “demonstrations and civil unrest.” Sudanese sources told Reuters that Bashir, 75, was at the presidential residence under “heavy guard.” A son of Sadiq al-Mahdi, the head of the country’s m
Read More

Health Insurance Stocks Dive As Vulnerability Rises On Obamacare, Congress Compromises Activity On Medication Costs.

  • Published by : Nora Black
  • 14-Apr-2019
Health-care stocks were ready to end the week in the red Friday after administrators on Capitol Hill took steps to compose new laws tightening over the country's biggest drug store advantage directors to check soaring medication costs. The Trump organization's legitimate test to previous President Barack Obama's signature medical coverage law, the Affordable Care Act, and Sen. Bernie Sanders' new "Medicare for All" bill additionally burdened the business' offers. The XLV, an ETF that tra
Read More

Amazon wants a second North America headquarters

  • Published by : Nora Black
  • 15-Sep-2017
Amazon announced Thursday morning that it would start soliciting bids from North American cities to be the home of a second company headquarters on the continent, expected to eventually house as many as 50,000 employees. Amazon said it prefers metro areas that house at least one million people and a strong technical talent pool. Of course, Amazon is also looking for a healthy dose of incentives, including tax exemptions or workforce grants. “Incentives offered by the state/province and loc
Read More

Facebook’s latest algorithm problem: allowing advertisers to reach ‘Jew haters’

  • Published by : Nora Black
  • 15-Sep-2017
One of Facebook’s biggest selling points to advertisers is that you can use the company’s vast data trove to target users based on almost any personal characteristic. But the wide scope of Facebook’s targeting capabilities was revealed on Thursday when ProPublica discovered that you could target people using anti-Semitic phrases, including “Jew hater” and “How to burn jews.” Slate did a quick follow up and found that Facebook also enabled targeting for other hateful groups, like the “Ku-Kl
Read More

Bank of England reveals UK pay growth set to remain low

  • Published by : Nora Black
  • 10-Aug-2017
Normal pay development is set to set to stay frail and Brexit-related vulnerability is as yet controling business speculation, as per the most recent report from the Bank of England's system of territorial operators. The specialists investigated Wednesday that businesses around the UK are arranging pay rises bunched around 2 to 3 for every penny, regardless of detailing uplifted challenges in enlistment. Genuine wage development has turned negative this year as normal ostensible boosts i
Read More

Global effort on North Korea gets Beijing boost

  • Published by : Nora Black
  • 06-Aug-2017
China is providing a welcome boost to the global campaign to pressure North Korea to halt its missile and nuclear tests. China is the North’s economic lifeline. The Trump administration is cautiously embracing China’s apparent newfound co-operation. But Washington says it will be watching closely to ensure that China doesn’t ease up on the North — if and when the world’s attention is diverted elsewhere.he United States says it will be watching China closely to ensure it fully and continuou
Read More

Venezuela assembly votes to oust top prosecutor.

  • Published by : Nora Black
  • 05-Aug-2017
Venezuela's newly installed constitutional assembly has voted unanimously to remove chief prosecutor Luisa Ortega and replaced her with a government loyalist. As the vote was taking place, pro-government delegates shouted "traitor" and "justice has arrived!" She will be replaced by Tarek William Saab, a staunch government supporter who currently serves as the nation's ombudsman. Saturday's vote came after security forces took control of the entrance to the prosecutor's office in downtow
Read More
«12»