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Month: March 2018

Senate Passes Bill That Eases Bank Reform Rules

03/15/2018 Ranbiz

The U.S. Senate voted 67 to 31 Wednesday to ease bank rules, bringing Congress a step closer to passing the first rewrite of the Dodd-Frank reform law enacted after the…

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Reports: Toys ‘R’ Us to Shut or Sell All US Stores

03/14/2018 Ranbiz

Toys ‘R’ US plans to sell or close all of its US stores, potentially hitting 33,000 jobs, U.S. media reported Wednesday. The debt-plagued retailer, which filed for bankruptcy protection in…

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‘Panama Papers’ Law Firm to Shut Down After Tax Scandal

03/14/2018 Ranbiz

Mossack Fonseca, the Panamanian law firm at the center of the “Panama Papers” scandal, said Wednesday that it was shutting down because of the damage to its business and reputation inflicted by role…

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White House: US Pressing China to Cut Trade Surplus by $100B

03/14/2018 Ranbiz

The Trump administration is pressing China to cut its trade surplus with the United States by $100 billion, a White House spokeswoman said Wednesday, clarifying a tweet last week from…

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France to Fine Google, Apple Amid Broader Transatlantic Spat

03/14/2018 RanIT

France added more kindling to a growing commercial dispute between Europe and the United States, announcing Wednesday it would sue American tech giants Google and Apple over allegedly abusive business…

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Microsoft Finds Few Gender Discrimination Complaints Valid

03/14/2018 RanIT

Only one of 118 gender discrimination complaints made by women at Microsoft was found to have merit, according to unsealed court documents. The Seattle Times reports the records made public…

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China’s Huawei Says to Keep Investing in US Despite Setback

03/14/2018 RanIT

Chinese telecoms giant Huawei says it will continue to invest in the United States despite recent setbacks in its efforts to boost sales there. Xu Qingsong, also known as Jim…

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At SXSW Africans Are Networking with Other Africans

03/14/2018 RanIT

South by Southwest (SXSW) is not just an annual music festival and tech conference in Austin, Texas, it also includes venues where people from specific countries or regions of the…

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Africans Travel to SXSW in Texas to Network With Each Other

03/14/2018 RanIT

Brenda Katwesigye traveled thousands of kilometers from Uganda in eastern Africa to Austin, Texas with a vision. She wants to find help for Wazi Vision, the startup that she founded…

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Futuristic Tire Fights Pollution and Produces Oxygen

03/14/2018 RanIT

Hundreds of exhibitors are showcasing their latest innovations at this year’s Geneva International Motor Show. Among the participants at the annual event which runs until March 18, 2018 is Goodyear,…

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For Poor Venezuelans, a Box of Food May Sway Vote for Maduro

03/14/2018 Ranbiz

A bag of rice on a hungry family’s kitchen table could be the key to Nicolas Maduro retaining the support of poor Venezuelans in May’s presidential election. For millions of…

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Growing Food at -30, The Chef on an Arctic Self-sufficiency Mission

03/14/2018 Ranbiz

In one of the planet’s most northerly settlements, in a tiny Arctic town of about 2,000 people, Benjamin Vidmar’s domed greenhouse stands out like an alien structure in the snow-cloaked…

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YouTube to Display Wikipedia Blurbs Alongside Conspiracy Videos

03/14/2018 RanIT

YouTube will begin displaying text from Wikipedia articles and other websites alongside some videos in a couple of weeks as the unit of Alphabet Inc’s Google attempts to combat hoaxes…

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Can Pop-Ups Pave the Way to Thriving Public Space in World’s Cities?

03/14/2018 Ranbiz

On a patch of gravel that was once a nondescript bus stop in Kuala Lumpur’s old city, passersby can now find brightly-painted wooden pallets that double as seating and shelves…

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Behind the Broadcom Deal Block: Rising Telecom Tensions

03/14/2018 Ranbiz

Behind the U.S. move to block Singapore-based Broadcom’s hostile bid for U.S. chipmaker Qualcomm lies a new global struggle for influence over next-generation communications technology — and fears that whoever…

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Starbucks Signs Licensing Agreement With Brazil Investment Firm

03/13/2018 Ranbiz

Sao Paulo investment firm SouthRock Capital has signed an agreement with Starbucks that gives it the right to develop and operate branches of the Seattle-based chain in Brazil, the companies…

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Google Brings Free WiFi to Mexico, First Stop in Latin America




03/13/2018 RanIT

Alphabet’s Google said on Tuesday that it will launch a network of free Wi-Fi hotspots across Mexico, part of the search giant’s effort to improve connectivity in emerging markets and…

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Accountants to Face Higher EU Scrutiny on Aggressive Tax Planning

03/13/2018 Ranbiz

European Union finance ministers agreed new measures on Tuesday to force accountants and banks to report aggressive tax schemes that help companies shift profits to low-tax countries. Ministers also added…

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Thailand to Draft Plans to Regulate and Tax Cryptocurrencies

03/13/2018 Ranbiz

Thailand’s cabinet has agreed to draft a law to regulate cryptocurrency trading, seeking to tax the largely unregulated market. Government spokesman Nathporn Chatusripitak said Tuesday the Ministry of Finance also…

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Cambodia Looks to Foreign Investors to Boost Casino Gaming Industry

03/13/2018 Ranbiz

Cambodia is pushing ahead with new legislation in a bid to lure foreign investors to its vibrant casino and gaming industry, promoting the Kingdom as a key gaming center in…

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A New Method for Extracting CO2 from Seawater

03/13/2018 RanIT

Scientists are always on the lookout for affordable and efficient methods for capturing carbon dioxide, responsible for global warming and the rising acidity of seawater. A new procedure, developed at…

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UN Chief Calls Himself ‘Proud Feminist,’ Urges Men to Follow

03/13/2018 Ranbiz

Secretary-General Antonio Guterres called himself “a proud feminist” Monday and said all men should support women’s rights and gender equality. His statement was loudly applauded by hundreds of women and…

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Amid Trump Visit, it’s Business As Usual for Border Towns

03/13/2018 Ranbiz

The daily commute from Mexico to California farms is the same as it was before Donald Trump became president. Hundreds of Mexicans cross the border and line the sidewalks of…

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UN Investigators Cite Facebook Role in Myanmar Crisis

03/13/2018 RanIT

U.N. human rights experts investigating a possible genocide in Myanmar said Monday that Facebook had played a role in spreading hate speech there. Facebook had no immediate comment on the…

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Trump Blocks Broadcom Takeover of Qualcomm

03/13/2018 Ranbiz

U.S. President Donald Trump is blocking Singapore-based Broadcom, maker of computer and smartphone chips, from taking over U.S. chipmaker Qualcomm. Trump cited national security grounds in stopping the takeover, following…

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Eurozone to Unlock New Loans to Greece, Working on Debt Relief

03/12/2018 Ranbiz

Eurozone creditors are expected to disburse new loans to Greece this month and are working on debt relief measures, the head of the bloc’s finance ministers said on Monday, steps…

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