The Central Bank of Nigeria (CBN) and Peoples Bank of China (PBoC) have agreed on a currency swap worth $2.5 billion to reduce their reliance on the U.S. dollar in…
more ...Tesla’s Musk Calls Wall Street Snub ‘Foolish’ but Defends His Behavior
Tesla Inc Chief Executive Officer Elon Musk acknowledged on Friday that it was “foolish” of him to snub analysts on a conference call earlier in the week, but further needled…
more ...Google to Verify Identity of US Political Ad Buyers
Google said Friday in a blog post that it would do a better job of verifying the identity of political ad buyers in the U.S. by requiring a government-issued ID…
more ...US Adds Modest 164,000 Jobs; Unemployment Down
U.S. employers stepped up hiring modestly in April, and the unemployment rate fell to 3.9 percent, evidence of the economy’s resilience amid the recent stock market chaos and anxieties about…
more ...At Tribeca Film Festival, Digital, Physical Worlds Mix
Bombs. Destruction. Chaos. This is what it’s like to be in Syria. It’s a part of the world many will never visit, but a virtual reality experience called “Hero,” puts viewers…
more ...Venezuela to Take Over Major Bank; 11 Execs Arrested
Venezuela said on Thursday it would take over the country’s leading private bank, Banesco, for 90 days and announced the arrest of 11 top executives for “attacks” against the country’s rapidly depreciating bolivar currency.…
more ...Venezuela to Take Over Major Bank; 11 Executives Arrested
Venezuela said on Thursday it would take over the country’s leading private bank, Banesco, for 90 days and announced the arrest of 11 top executives for “attacks” against the country’s rapidly depreciating bolivar currency.…
more ...Ex-Volkswagen Boss Indicted in Emissions Scandal
A federal grand jury in Detroit has indicted former Volkswagen CEO Martin Winterkorn with conspiracy and wire fraud in the car builder’s scheme to rig diesel emissions tests. “If you…
more ...US Trade Deficit Narrows Sharply; Labor Market Tightening
The U.S. trade deficit narrowed sharply in March as exports increased to a record high amid a surge in deliveries of commercial aircraft and soybeans, bolstering the economy’s outlook heading…
more ...South Korea Developing Economic Projects for North Korea
South Korea is looking into developing and financing economic projects with North Korea that could take effect if a nuclear deal is reached with the United States. South Korean Finance…
more ...Analysts Pessimistic About Progress in US-China Trade Talks
A high-level U.S. trade delegation has begun talks with Chinese officials in Beijing as Washington tries to address deep concerns about China’s economic policies. The meeting is seen by some…
more ...At Film Festival, Virtual Reality Films Merge the Digital and Physical
Virtual reality experiences are becoming more physical and more interactive. No longer just a “lean back” experience, the immersive technology is taking viewers out of the living room and into…
more ...Astronomers Given Detailed Map of 1.7 Billion Stars
The European Space Agency has released an updated catalogue of more than 1.7 billion stars in our galaxy, as well as other celestial bodies, such as exoplanets, asteroids and quasars.…
more ...IMF Censures Venezuela
The International Monetary Fund censured Venezuela on Wednesday for failing to hand over essential economic data to the fund. “The [Executive] Board noted that adequate data provision was an essential…
more ...Data Firm at Center of Facebook Privacy Scandal Will Close
The data firm at the center of Facebook’s privacy scandal is declaring bankruptcy and shutting down. In a statement, Cambridge Analytica says it has been “vilified” for actions it says…
more ...Facebook Taps Advisers for Audits on Bias and Civil Rights
Facebook has enlisted two outside advisers to examine how it treats underrepresented communities and whether it has a liberal bias. Civil rights leader Laura Murphy will examine civil rights issues,…
more ...ESA’s Mars Rover Undergoes Testing
If everything goes according to the plan, the European Space Agency, ESA, will launch its first robotic exploration vehicle to Mars in 2020. A prototype of the advanced 6-wheeled rover…
more ...‘Amazing China’ Documentary More Fiction Than Fact
A Chinese company that manufactured Ivanka Trump shoes and has been accused of serious labor abuses is being celebrated in a blockbuster propaganda film for extending China’s influence around the…
more ...Tomorrow’s Jobs Require Impressing a Bot with Quick Thinking
When Andrew Chamberlain started in his job four years ago in the research group at jobs website Glassdoor.com, he worked in a programming language called Stata. Then it was R.…
more ...Facebook’s Zuckerberg Vows to ‘Keep Building’ in No-apology Address
With a smile that suggested the hard part of an “intense year” might be behind him, Facebook CEO Mark Zuckerberg addressed developers Tuesday and pledged the company would build its…
more ...Facebook to Offer Dating Service
Facebook will offer its first dating service, Chief Executive Mark Zuckerberg said on Tuesday, signaling the entry of the world’s largest social network into a growing market that sent shares…
more ...Trump Extends Steel, Aluminum Tariff Exemptions for EU, Canada, Mexico
U.S. President Donald Trump is extending tariff exemptions on aluminum and steel exports from the European Union, Canada, and Mexico for at least another month. The temporary exemptions of the…
more ...US to Delay Decision on Tariffs Until June 1
U.S. President Donald Trump has postponed his decision on whether to impose tariffs on steel and aluminum imports from the European Union, Canada and Mexico until June 1. The announcement…
more ...UN Urban Chief on Mission to Reform, Make Cities Better for Women
With cities facing their fastest growth ever, the head of the United Nations’ agency for urban development is on a mission — to revitalize the organization and ensure people, particularly…
more ...Russia’s Gazprom: Sea Portion of TurkStream First Line Completed
Russia’s Gazprom said on Monday it had completed the sea portion of the first line of the TurkStream offshore gas pipeline across the Black Sea. Gazprom, which plans to complete…
more ...Mexican Companies Hedge, Delay Deals as NAFTA, Elections Loom
Mexican companies are delaying investment, bringing forward imports to protect against currency swings and warning the next few months could be volatile as the NAFTA trade talks reach a climax…
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