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Month: April 2018

US-China Trade Row Threatens Global Confidence: IMF’s Lagarde

04/19/2018 Ranbiz

The biggest danger from the U.S.-China trade dispute is the threat to global confidence and investment, International Monetary Fund Managing Director Christine Lagarde said on Thursday. The IMF chief said…

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Unsold Aluminum Piling Up at Russian Sanctions-Hit Rusal Factory

04/19/2018 Ranbiz

Russian aluminum giant Rusal is stockpiling large quantities of aluminum at one of its plants in Siberia because U.S. sanctions imposed this month have prevented it from selling the metal…

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Russia Demands Compensation for US Tariffs on Aluminum, Steel

04/19/2018 Ranbiz

Russia demanded compensation from the U.S. for its worldwide tariffs on foreign aluminum and steel Thursday, becoming the third influential member of the World Trade Organization to do so. China,…

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De Beers Rolls Out App to Clean Up Sierra Leone Diamond Supply Chain

04/19/2018 Ranbiz

Global diamond giant De Beers is rolling out an app to help small-scale, artisanal diamond miners in Sierra Leone certify that gems they pry from the soil are legal, the…

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House Panel Cuts Food Stamps, Renews Farm Subsidies

04/19/2018 Ranbiz

A bitterly divided House panel Wednesday approved new work and job training requirements for food stamps as part of a five-year renewal of federal farm and nutrition policy. The GOP-run…

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SunPower Buys US Rival SolarWorld to Head Off Trump Tariffs

04/18/2018 Ranbiz

SunPower Corp. on Wednesday said it would buy U.S. solar panel maker SolarWorld Americas, expanding its domestic manufacturing as it seeks to stem the impact of Trump administration tariffs on panel imports. The…

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US Manufacturers Seek Relief From Steel, Aluminum Tariffs

04/18/2018 Ranbiz

President Donald Trump’s tariffs on imported aluminum and steel are disrupting business for hundreds of American companies that buy those metals, and many are pressing for relief. Nearly 2,200 companies…

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Zuckerberg Under Pressure to Face EU Lawmakers Over Data Scandal

04/18/2018 RanIT

Facebook Inc’s Chief Executive Mark Zuckerberg came under pressure from EU lawmakers on Wednesday to come to Europe and shed light on the data breach involving Cambridge Analytica that affected…

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Merkel Wants European Monetary Fund With National Oversight: Sources

04/18/2018 Ranbiz

German Chancellor Angela Merkel backs the idea of a European Monetary Fund, provided national governments have sufficient oversight, sources close to her said before a visit by the French president.…

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Iran Bans Government Bodies from Using Foreign Message Apps

04/18/2018 RanIT

Iran’s presidency has banned all government bodies from using foreign-based messaging apps to communicate with citizens, state media reported Wednesday, after economic protests organized through such apps shook the country…

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Russia Admits to Blocking Millions of IP Addresses

04/18/2018 RanIT

The chief of the Russian communications watchdog acknowledged Wednesday that millions of unrelated IP addresses have been frozen in a so-far futile attempt to block a popular messaging app. Telegram,…

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Training Surgeons to Perform Robotic Surgery

04/18/2018 RanIT

Since 2000, when the U.S. Food and Drug Administration gave approval to the world’s first robotic surgical system, almost 4,000 of these sophisticated machines have been deployed in operating suites…

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EU Pushes to Approve Japan Trade Deal

04/18/2018 Ranbiz

The European Commission will put forward a proposed free-trade agreement with Japan for fast-track approval Wednesday, hoping to avoid a repeat of the public protests that nearly derailed a trade…

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Chinese City Turns to Wind Power Lottery

04/18/2018 Ranbiz

The city of Yanan, a major wind power base in northwest China’s Shaanxi province, has introduced a lottery system to decide which wind projects will go ahead this year, a…

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Venezuela Arrests Two Chevron Executives Amid Oil Purge

04/18/2018 Ranbiz

Chevron said on Tuesday two of its executives were arrested in Venezuela, a rare move likely to spook foreign energy firms still operating in the OPEC nation stricken by hyperinflation,…

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IRS Website Crashes as US Tax Deadline Looms

04/17/2018 Ranbiz

Americans who waited until the last day to file their federal taxes faced a major hurdle hours before the midnight deadline.  The Internal Revenue Service website’s “Direct Pay” page, which…

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Airlines Agency Backs Creation of Global Drone Registry 

04/17/2018 Ranbiz

Concerned by a rise in near misses by unmanned aircraft and commercial jets, the world’s airlines back development of a U.N.-led global registry for drones, an executive of their trade group said Tuesday.…

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Starbucks Closing All Company-owned Stores for Anti-bias Training

04/17/2018 Ranbiz

Starbucks said Tuesday it will close all of its more than 8,000 company-owned U.S. stores on May 29 to educate employees about racial bias in an attempt to prevent more…

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Cambridge Analytica ex-CEO Refuses to Testify in UK

04/17/2018 RanIT

Cambridge Analytica’s ex-CEO, Alexander Nix, has refused to testify before the U.K. Parliament’s media committee, citing British authorities’ investigation into his former company’s alleged misuse of data from millions of…

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Europe’s Venture Capitalists Embrace Virtual Currency Craze

04/17/2018 Ranbiz

Some of Europe’s biggest venture capital firms are buying into sales of new virtual coins or asking their investors to give them the freedom to do so, in a sign…

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More Than 100 Parts for NASA’s Orion Capsule to Be 3-D Printed

04/17/2018 RanIT

More than 100 parts for U.S. space agency NASA’s deep-space capsule Orion will be made by 3-D printers, using technology that experts say will eventually become key to efforts to…

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IMF: World Economy Expands Next 2 Years; Growth Fades After 2020

04/17/2018 Ranbiz

International Monetary Fund experts say the global economy will continue growing well for the next two years, but expect expansion to slow after 2020. IMF research director Maurice Obstfeld said…

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US, Global Tech Firms Vow Not to Aid Governments in Cyberattacks

04/17/2018 RanIT

Microsoft, Facebook and more than 30 other global technology companies on Tuesday announced a joint pledge not to assist any government in offensive cyberattacks. The Cybersecurity Tech Accord, which vows…

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Tech Firms to Be Forced to Give Police Overseas Data Under EU Proposal

04/17/2018 RanIT

Technology companies such as Google, Microsoft and Facebook will be forced to hand over users’ data to European law enforcement officials even when it is stored on servers outside the…

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Robots Could Be Girls’ Ticket to Future

04/17/2018 RanIT

Eleven-year-old Hayliee Tat traveled two-and-a-half hours with her family for a sneak preview of what the future looks like with robots in it. Their destination: the robotics open house at…

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As Drought Keeps Men on the Road, Mauritania’s Pastoralist Women Take Charge

04/17/2018 Ranbiz

Every year when the pastoralist men in Fatima Demba’s Mauritanian village return from their months-long journey to find pastures and water, the women erupt in wild celebrations. “We draw henna…

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