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Easing of U.S. curbs means little, says Huawei CEO

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The order to US companies could affect tens of millions of consumers in Europe, its biggest market outside mainland China. The Commerce Department has issued a Temporary General License (TGL) to allow Huawei and its 68 non-U.S. But after that, Huawei phones won't get the same access to Google software updates as most other major handsets that use the USA company's Android operating system. Read More »

The Postal Service is piloting self-driving mail trucks

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Self-driving trucks could help the Postal Service save millions by eliminating human drivers and thus, skirting the hours of service regulations that govern how long humans can be on the road. "This run is really in the sweet spot of how we believe autonomous trucks will be used", said TuSimple Chief Product Officer Chuck Price. In other words, you're not going to see a self-driving mail truck coming down your street. Read More »

EE to switch on UK's first 5G network on May 30

EE will be the UK's first network to switch on commercial 5G. EE was widely expected to start service in select Brit cities including "that London" this month, but today nailed down a date: 30 May. He added that the network will "hopefully" launch with Huawei handsets as initially planned if and when the situation changes. In December previous year, EE made it clear that the Huawei's equipment would not be present in its 5G core infrastructure, having begun a process to remove the kit from ... Read More »

Arm staff told they must cut all ties with Huawei

For more, read why we think losing Arm is a bigger deal than losing Google for Huawei . " ARM is complying with all the laws and regulations set forth by the USA government", a spokesman for the company said Wednesday. ARM said in an internal company memo that its designs contained technology of USA origin, the BBC reported. British-based chip designer ARM said on Wednesday it was complying with a move by the United States to block China's Huawei from accessing U.S. Read More »

Ryanair's profit for FY2019 down by 29 pct

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The sharp drop in the company's profit was mainly due to a decline in fares and rising fuel and labor costs, said the press release. Profit for the year to March 2020, which will include its recently acquired and loss-making Laudamotion unit for the first time, will be between 750 million and 950 million euros compared to an equivalent figure of 880 million for the previous year. Read More »

Tokyo stocks open higher after GDP beats expectations

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It was the second successive expansion for the Japanese economy after growth of 0.4 per cent in the fourth quarter of a year ago and defied gloomy expectations by analysts who predicted a small decline at the start of 2019. Moreover, the GDP expansion was aided by a 4.6% slump in imports - their biggest drop in a decade - and a 2.4% fall in exports. Exports were down 2.4 percent because of weaker demand for electronic parts on the back of an economic slowdown in China. Read More »

U.S. eases curbs on Huawei; founder says move means little meaning

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Huawei said it will continue to provide security updates and after sales services to all existing Huawei and Honor smartphone and tablet products covering those which have been sold or is still in stock globally. New Huawei users, on the other hand, run the risk of not having access to both the Play Store and Google's Play Services indefinitely. Vodafone New Zealand is advising customers to consider the uncertainty created by Google's implementation of United States sanctions on Huawei ... Read More »

Huawei U.S. ban gets a deadline extension to keep networks afloat

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The reprieve is meant to give telecommunications operators that rely on Huawei equipment time to make alternative arrangements, US Secretary of Commerce Wilbur Ross said in a statement . Shipments by Samsung and No. 3 Apple declined. And if the ban is not lifted, it could also run into trouble when the next version of Android is rolled out, because Huawei would not have the kind of access enjoyed by its rivals such as Samsung. Read More »

Dressbarn to close all of its stores, including 30 in Pa.

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All Dressbarn stores are open and conducting business as usual, as is Dressbarn's ecommerce site. The closures could be a blow for some malls across the country where vacancy rates have shot up in recent years, following the shuttering of anchor stores, including Sears, Kmart , and J.C. Read More »

Today's Chanakya Exit Poll 2019 Lok Sabha Final Prediction

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Several BJP leaders asserted on Monday that the party will get a majority on its own, repeating the unprecedented feat it achieved in 2014 by winning 282 seats. "We are definitely going to win a few seats this time, and our candidates will do well and come second in seats like Karimnagar and Mahbubnagar". Gadkari said the BJP will win the same number of seats in Maharashtra as in 2014 Lok Sabha elections. Read More »

Ford to cut 7,000 jobs, 10% of global staff

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The company said Monday the plan will save about $600 million U.S. per year by eliminating bureaucracy and increasing the number of workers reporting to each manager. Ford's white-collar employees had been fearful since last July when the company said the restructuring would cost $7 billion in cash and hit pretax earnings by $11 billion over the next three to five years. Read More »

Police order McDonald's to stop selling milkshakes near Farage rally

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Video footage of a protester launching a milkshake at Robinson, real name Stephen Yaxley-Lennon, went viral and received widespread media coverage after it was shared online. "This is due to a police request given recent events". They subsequently confirmed that the milkshake was thrown over Benjamin around half an hour later. Read More »

India's BJP preparing for return to power after surprise exit polls

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Modi's BJP has been fighting it out for the votes of 900 million people against the main opposition Congress Party, led by political scion Rahul Gandhi , and other big regional players, over the course of six weeks of polling. Undeniably a hefty task considering the astounding number of votes cast. Voters were also up early in Varanasi in Uttar Pradesh state, where election workers arranged for drinking water, shade and fans to cool them down. Read More »

Chinese shout 'Boycott Apple' as US goes after Huawei

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The Commerce Department said Wednesday it will soon put Huawei on an "Entity List" - meaning any US company will need a special license to sell products to the world's largest networking gear maker and second-largest smartphone brand. Back in March, it confirmed that it has built its own operating system for smartphones and computers in the event that it can no longer rely on Google's Android and Microsoft Windows. Read More »

Tesla updates battery software after third Model S burns while parked

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The accident happened in March in South Florida when the vehicle crashed into a semi going 68 miles per hour on a road with a speed limit of 55 miles per hour, the report said. "We now have well over half a million vehicles on the road, which is more than double the number that we had at the beginning of past year, and Tesla's team of battery experts uses that data to thoroughly investigate incidents that occur and understand the root cause", Tesla said. Read More »

Walmart Commits to Free One-Day Shipping: 'It Will Cost Us Less'

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Walmart plans to add Southern California to the mix in the coming days, and says it will roll out to around 75 percent of the United States population by the end of the year. Lore said NextDay delivery would complement Walmart's enormously successful grocery pickup and delivery offer. Everything that the user places into the NextDay delivery cart must be eligible to get the free delivery. Read More »

Uber Introduces "Quiet Mode" Premium Feature

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It's a nice feature but the downside is that it's not rolling out to all of Uber's slate of ride options. This is the first time the option has been available on the Uber app. I hate being interviewed by drivers. "I don't want to tell strangers picking me up from the internet personal things about myself", one rider wrote on Twitter earlier this month. Read More »

Bitcoin climbs above $7 000 as cryptocurrency rally extends

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Bitcoin has jumped almost 40% in the past week and has more than doubled in the past year, driving speculation of a comeback to 2017 levels. Bitcoin's latest surge started Saturday, when the two US exchanges carrying futures are closed, making it potentially hard for short sellers to cover their wagers. Read More »

Impossible Foods CEO is a longtime vegan and biochemist

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But the company is not in a hurry to go public, CFO David Lee tells them, adding: "We believe in self-reliance". After Beyond Meat's IPO, Impossible Foods said that it does not have any plans to rush an IPO any time soon. "In April, Burger King announced plans to add the Impossible Whopper to menus nationwide by the end of 2019, putting Impossible Foods in 7,200 additional locations", Taylor reports . Read More »

Trump prepares more tariffs as China retaliates

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Fox News' Lou Dobbs doubled down in defense of President Donald Trump's repeated falsehood that Chinese exporters and manufacturers are paying the costs of the growing number of tariffs his administration has placed on goods from that country, instead of United States consumers and businesses. Read More »

California Couple Awarded $2 Billion in Roundup Trial

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The jury ordered the company to pay $1bn in damages to each of them, and more than $55m total in compensatory damages. This is the third verdict against Monsanto in Roundup cases and the biggest so far. It is the third trial since August 2018 in which a jury found that glyphosate caused cancer. In their suit, they accused Monsanto of "fraudulently representing that Roundup is safe despite scientific evidence linking exposure to National Hockey League". Read More »

Ships Sabotaged in UAE Waters Belonged to Norway, UAE, Saudi Arabia

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The UAE foreign ministry has said there were no casualties and the Fujairah port operations were normal. - The UAE and Saudi Arabia have sought to find other routes to bypass the Strait, including building more oil pipelines. The US issued a new warning to sailors as the UAE's regional allies condemned Sunday's alleged attack that the UAE says targeted four ships off the coast of its port city of Fujairah. Read More »

China Is Raising Tariffs on $60 Billion of US Goods

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Trade tensions between the United States and China escalated today, as the Dow Jones Industrial Average fell by over 700 points after China said it would raise tariffs on $60billion worth of U.S. tariffs on up to $5.6 billion of imports from India. Instead, officials on both sides signaled that differences between the two sides would ultimately need to be resolved in direct talks between Trump and Xi. Read More »

More tariff looms over US-China trade talks

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Since previous year the United States and China have exchanged tariffs on more than $360 billion in two-way trade, gutting U.S. agricultural exports to China and weighing on both countries' manufacturing sectors. Hours later, remarks from US President Donald Trump and US Secretary of the Treasury Steven Mnuchin gave investors reason for optimism. Mr Liu said the remaining differences were crucial ones "and we will make no concessions on matters of principle". Read More »

Dow set for 300+ point drop as China-US tensions rise

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Last July, Trump began gradually slapping tariffs on Chinese imports. Imposing those tariffs would affect a wide range of consumer goods - clothes, shoes, toys and electronics - that have been mostly exempted so far and could prompt steep cost increases that many U.S. Read More »

Uber stock drops in rocky debut

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Consider also that Uber's debut valuation of £58.8 billion was a considerable drop from the between £69.2 billion and £92.3 billion the company had been worth in some analysts estimation just a month earlier - one meant to stanch the forthcoming bleeding that had begun with competitor Lyft's bellyflop IPO. Read More »

Larry Kudlow: 'Both sides will suffer' from U.S.-China tariffs

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US importers pay tariff charges, though large retailers might be able to force some Chinese suppliers to cut their prices to offset the duties. "I don't know. The Trump administration said it was preparing to expand 25% tariffs to another $300 billion worth of Chinese goods, or practically all imports from China, after raising the import duty on $200 billion of imports from 10%, with effect Friday. Read More »