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Month: December 2017

Greek Lawmakers Approve 2018 Budget Featuring More Austerity

12/19/2017 Ranbiz

Greece’s parliament on Tuesday approved the 2018 state budget, which includes further austerity measures beyond the official end of the country’s third international bailout next summer.    All 153 lawmakers…

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Ex-Odebrecht CEO, Symbol of Brazil Graft Probe, Leaves Jail

12/19/2017 Ranbiz

One of the most prominent people convicted in Latin America’s largest corruption scandal left prison Tuesday for house arrest after serving two-and-a-half years behind bars at a time when many…

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Analysis: US Tax Cut to Deliver Corporate Earnings Gift

12/19/2017 Ranbiz

A planned massive Republican tax overhaul has led Wall Street strategists to revise their 2018 corporate earnings forecasts sharply higher, but the jury is out on how long the accelerating…

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Facebook to Notify Users When Photos of Them Are Uploaded

12/19/2017 RanIT

Facebook Inc said on Tuesday it would begin using facial recognition technology to tell people on the social network when others upload photos of them, if they agree to let…

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US Single-Family Housing Starts, Permits Hit 10-year high

12/19/2017 Ranbiz

U.S. single-family homebuilding and permits surged to more than 10-year highs in November, in a hopeful sign for a housing market that has been hobbled by supply constraints. Builders have…

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US House Set to Vote on Republican Tax Bill

12/19/2017 Ranbiz

The U.S. House of Representatives will vote Tuesday on a Republican $1.5 trillion tax bill that will provide tax relief for most Americans, but benefit the wealthy the most, according…

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Meet CryptoKitties, Digital Kittens on the Blockchain

12/19/2017 RanIT

CryptoKitties, an online game and marketplace featuring virtual kittens, has become an entry point for curious outsiders looking to dabble in cryptocurrencies – decentralized digital monies that rely on blockchain…

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US Blames North Korea for Global Cyber Attack

12/19/2017 RanIT

The United States is publicly blaming North Korea for unleashing a cyber attack that crippled hospitals, banks and other companies across the globe earlier this year. In an op-ed piece…

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Facebook Reveals Data on Copyright and Trademark Complaints

12/19/2017 RanIT

Facebook announced Monday that it removed nearly 3 million posts, including videos, ads and other forms of content, from its services during the first half of 2017 following complaints of…

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EU Governments Agree on Renewable Energy Targets for 2030   

12/18/2017 Ranbiz

European Union environment and energy ministers on Monday agreed on renewable energy targets for 2030 ahead of negotiations next year with the European Parliament, which has called for more ambitious…

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US Bars Drones Over Nuclear Sites for Security Reasons

12/18/2017 RanIT

The Federal Aviation Administration said Monday it will bar drone flights over seven major U.S. nuclear sites, including Los Alamos National Laboratory in New Mexico. The move is the latest…

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Argentine Congress Tries for Pension Reform Amid Violent Protests

12/18/2017 Ranbiz

Argentina’s Congress could pass a hotly debated pension reform measure Monday, lawmakers told reporters, as stone-throwing demonstrators gathered in the capital and the country’s main union called a 24-hour general…

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Egypt Begins Production on Largest Undersea Gas Field in the Mediterranean

12/18/2017 Ranbiz

Egypt’s economic prospects are looking brighter after the long-anticipated production of undersea gas from the al Zohr gas field began coming online in recent days. Petroleum Minister Tareq al Molla…

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Twitter Suspends White Nationalists Under New Rules

12/18/2017 RanIT

Twitter suspended the accounts of well-known white nationalists Monday, moving swiftly after putting into place new rules on what it sees as abusive content. The account of far-right group Britain…

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Study: Shop Early, Shop Often to Avoid Christmas Impulse Buying

12/18/2017 Ranbiz

Parceling out holiday shopping in small amounts and completing it in a realistic schedule helps people maintain the self-control needed to avoid being swept away in impulse purchases that can…

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Internet Giants Told: Accept Cyber Curbs to Be Welcome in China

12/18/2017 RanIT

Google and Facebook will have to accept China’s censorship and tough online laws if they want access to its 751 million internet users, Chinese regulators told a conference in Geneva…

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Families Field Test Autonomous Vehicles

12/18/2017 RanIT

It’s all fun and games until a family gets behind the wheel. That’s the whole idea behind Volvo’s Drive Me project. Automated vehicles are now being test driven by families…

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Peru’s President Says He Did ‘Earn Some Money’ from Scandal-Plagued Builder

12/18/2017 Ranbiz

Peru’s president has acknowledged that he did “earn some money” from scandal-plagued Brazilian builder Odebrecht when his consulting business received payments from the builder more than 10 years ago In…

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Apple’s 2017 iPhone Models Give Taiwan’s Weary Tech Sector a Reprieve

12/18/2017 RanIT

A boom in production of Apple iPhones is helping lift the economy of Taiwan, an industrial center that still relies on high-tech manufacturing contracts despite increasing competition from offshore. Apple’s…

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Bitcoin Futures Begin Trading on CME, Price Declines

12/18/2017 Ranbiz

Another security based on the price of bitcoin, the digital currency that has soared in value and volatility this year, began trading on the Chicago Mercantile Exchange on Sunday. The…

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Stake in Vietnam’s Top Brewer for Sale, But Bids Few

12/17/2017 Ranbiz

Vietnam is set to auction up to a $5 billion stake in top brewer Sabeco on Monday, with Thai Beverage the only potential bidder to have expressed interest in a…

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Trump Sells Republican Tax Bill to Job Seekers, Middle Class

12/16/2017 Ranbiz

U.S. President Donald Trump continued to tout the Republican tax bill Saturday, saying “everybody’s going to benefit” if it is signed into law. “But I think the greatest benefit is…

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New Kind of Retirement Community: A Little India in Silicon Valley 

12/16/2017 RanIT

With people coming from around the world to work in Silicon Valley, some struggle with the best ways to care for their aging parents. Increasingly, the solution is an “affinity”…

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Indian Retirees Maintain Independence, Fun and Freedom Later in Life

12/16/2017 RanIT

Young people come from around the world to work in Silicon Valley, California. As these workers build a life away from home, many struggle with how to bring their aging…

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Britain Seeks ‘Bespoke’ EU Trade Deal, Pact With China

12/16/2017 Ranbiz

British Finance Minister Philip Hammond said Saturday it is likely Britain will want to negotiate a bespoke arrangement for a future trade deal with the European Union, rather than copying…

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Huge Tax Bill Heads for Passage as GOP Senators Fall in Line

12/16/2017 Ranbiz

After weeks of quarrels and qualms and then 11th-hour horse-trading, Republicans revealed their huge national tax rewrite late Friday, along with announcements of support that all but guarantee approval next week.…

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