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Month: May 2017

Mnuchin Says G-7 Nations More Comfortable With New US Economic Approach

05/13/2017 Ranbiz

U.S. Treasury Secretary Steven Mnuchin said Saturday after meeting with officials from the world’s other industrialized democracies that he thought they were more at ease with Donald Trump’s economic policies.…

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Global Cyberattack in Brief: Ransomware Attack, How Does It Work, How to Prevent It

05/13/2017 RanIT

In what is believed to be the largest attack of its kind ever recorded, a cyberextortion attack struck in dozens of countries Friday, locking up computers and holding users’ files…

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Don’t Click: What Is the ‘Ransomware’ WannaCry Worm?

05/13/2017 RanIT

Malicious software called “ransomware” has forced British hospitals to turn away patients and affected Spanish companies such as Telefonica as part of a global outbreak that has affected tens of…

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Is Human Behavior Impeding Self-Driving Cars?

05/13/2017 RanIT

Most technology experts agree that self-driving cars will soon finish the testing phase and enter the commercial market, probably as taxis and delivery vehicles. But some of them wonder if…

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What You Need to Know About Ransomware

05/13/2017 RanIT

An aggressive wave of cyberattacks hit companies and public institutions around the globe Friday, causing international havoc and bringing many services to a standstill. Computers were locked up and users’…

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Companies Affected by Global Cyber Attack

05/13/2017 RanIT

A global cyber attack on Friday affected British hospitals, government agencies and companies in 99 countries, with Russia, Ukraine and Taiwan the top targets, security software maker Avast said. Hacking…

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Apple to Give $200 Million to Corning for Kentucky Plant

05/12/2017 Ranbiz

Apple says it will give $200 million to Corning Inc. so it can invest in a Kentucky plant that makes glass screens for iPhones and iPads. The California-based company says…

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Reports Show Rise in US Inflation, Retail Sales

05/12/2017 Ranbiz

U.S. consumers bought more cars and hardware, and stepped up online purchases in April, after two months of sluggish sales. Friday’s report from the Commerce Department says retail sales rose…

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Syrian Refugees Earn Money, Cultivate Understanding, Teaching Arabic Online

05/12/2017 RanIT

A handful of New Yorkers have gathered at New York University to practice conversing in Arabic. Their two conversation partners have joined via Skype, video images projected side-by-side on a…

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Fact Check: Trump on Tax Rates, Canada, ‘Priming the Pump’

05/12/2017 Ranbiz

In an interview with The Economist, President Donald Trump whiffed on a batch of economic facts. He got the Canada-U.S. trade balance wrong, misplaced the U.S. in the world ranks…

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China to Get American Beef and Gas Under Trade Agreement

05/12/2017 Ranbiz

A sweeping trade agreement, ranging from banking to beef, has been reached between Washington and Beijing, the U.S. Commerce Department announced on Thursday. “It was pretty much a Herculean accomplishment…

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Cash and Chemicals: For Laos, Chinese Banana Boom a Blessing and Curse

05/12/2017 Ranbiz

Kongkaew Vonusak smiles when he recalls the arrival of Chinese investors in his tranquil village in northern Laos in 2014. With them came easy money, he said. The Chinese offered…

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Dutch Inventor Years Ahead in Plan to Clean Up Massive Plastic Patch in Pacific

05/12/2017 RanIT

A Dutch entrepreneur has come up with an invention he says will allow him to start cleaning up a massive floating garbage patch in the Pacific two years ahead of…

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US Official Urges American Small Businesses to Export Abroad

05/12/2017 Ranbiz

The head of the U.S. Small Business Administration urged American businessmen and entrepreneurs to enter the global market, telling the United Nations on Thursday that just 1 percent of small…

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As Farmers Worry, US Agriculture Chief to Promote Trade

05/11/2017 Ranbiz

As farmers fret over President Donald Trump’s criticism of international trade agreements, Agriculture Secretary Sonny Perdue is trying to reassure them by creating a top post to oversee trade and…

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Commerce’s Ross: China’s Plans Threaten US Semiconductor Dominance

05/11/2017 Ranbiz

U.S. Commerce Secretary Wilbur Ross sees the U.S. semiconductor industry as still dominant globally but said he is worried that it will be threatened by China’s planned investment binge to…

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Bulgaria Seeks Private Investors for Nuclear Project

05/11/2017 Ranbiz

Bulgaria is seeking private investors to build a nuclear power plant on the Danube River, which was canceled five years ago, Prime Minister Boiko Borisov said during a phone call…

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‘It Takes Up the Whole River!’ US Ports Welcome Giant Ship

05/11/2017 Ranbiz

The largest cargo ship ever to visit ports on the U.S. East Coast is so long the Statue of Liberty and Washington Monument could fit end-to-end along its deck and…

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Sinister Text Messages Reveal High-tech Front in Ukraine War

05/11/2017 RanIT

Television journalist Julia Kirienko was sheltering with Ukrainian soldiers and medics two miles (three kilometers) from the front when their cellphones began buzzing over the noise of the shelling. Everyone…

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What’s Holding Back Self-driving Cars? Human Drivers

05/11/2017 RanIT

In just a few years, well-mannered self-driving robotaxis will share the roads with reckless, law-breaking human drivers. The prospect is causing migraines for the people developing the robotaxis. A self-driving…

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Uber Chases GrabTaxi in Myanmar, Expanding in Southeast Asia

05/11/2017 Ranbiz

Uber is launching its private ride-hailing service in the Myanmar commercial capital of Yangon on Thursday, aiming to tap into one of the world’s youngest and fastest-growing online markets. The…

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Study: US Foreclosure Activity Drops to Lowest Level Since 2005 

05/11/2017 Ranbiz

Housing foreclosure activity in the United States dropped to the lowest level since 2005 last month, according to a business research group. ATTOM Data Solutions tracks default notices, auctions and…

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China Simulates Extended Moon Stays Amid Space Drive

05/11/2017 RanIT

China is testing the ability for future astronauts to stay on the moon for extended periods, as Beijing accelerates its space program and looks to put people on the surface…

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China: Silk Road Plan Not Tied to Xi Presidency

05/11/2017 Ranbiz

China’s President Xi Jinping initiated the ambitious Belt and Road development plan but it has become a world plan not tied to his presidency, the Commerce Ministry said Wednesday, days…

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Tesla Selling Solar Tiles, Says They Look Like Traditional Roof

05/11/2017 RanIT

Electric carmaker Tesla has added another product to its lineup: Solar roof tiles. As of Wednesday, customers worldwide could order a solar roof on Tesla’s website. Installations will begin next…

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Amazon Trounces Rivals in Battle of the Shopping ‘Bots’

05/11/2017 RanIT

Earlier this year, engineers at Wal-Mart Stores Inc. who track rivals’ prices online got a rude surprise: the technology they were using to check Amazon.com several million times a day…

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