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Month: September 2018

California Law Mandates Women on Corporate Boards

09/30/2018 Ranbiz

California has become the first state in the country to mandate that women be included on the board of directors of publicly traded companies. Governor Jerry Brown on Sunday signed…

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Fearing Debt Trap, Pakistan Rethinks Chinese ‘Silk Road’ Projects

09/30/2018 Ranbiz

After lengthy delays, an $8.2 billion revamp of a colonial-era rail line snaking from the Arabian Sea to the foothills of the Hindu Kush has become a test of Pakistan’s…

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Tesla, Musk Settle Fraud Suit for $40M

09/29/2018 Ranbiz

Tesla and its CEO Elon Musk have agreed to pay a total of $40 million and make a series of concessions to settle a government lawsuit alleging Musk duped investors…

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Canada FM Postpones UN Speech as Trade Talks Intensify

09/29/2018 Ranbiz

Canadian Foreign Affairs Minister Chrystia Freeland postponed her U.N. speech Saturday as free-trade talks between the U.S. and Canada intensified. Freeland had been scheduled to deliver Canada’s address to the…

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A Pakistani American Startup Fighting Media Censorship

09/29/2018 RanIT

According to the latest report by the Committee to Protect Journalists in Pakistan, fatal violence against journalists has declined, but fear and self-censorship have grown. In this era, five Pakistani…

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US Consumers Spend More; Inflation Flattens

09/29/2018 Ranbiz

U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve’s 2 percent…

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Google CEO to Testify Before US House on Bias Accusations

09/28/2018 RanIT

Google Chief Executive Sundar Pichai has agreed to testify before the U.S. House Judiciary Committee later this year over Republican concerns that the company is biased against conservatives, a senior…

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Ousting Musk at Tesla Viewed as Difficult, Possibly Damaging

09/28/2018 Ranbiz

Tesla without Elon Musk at the wheel? To many of the electric car maker’s customers and investors, that would be unthinkable. But that’s what government securities regulators now want to…

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Facebook Says 50M User Accounts Affected by Security Breach

09/28/2018 RanIT

Facebook says it has discovered a security breach affecting about 50 million user accounts which could have allowed hackers to access those accounts.   The social media giant said Friday…

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Brad Smith on Microsoft’s $40M AI for Humanitarian Action Program

09/28/2018 RanIT

VOA contributor Greta Van Susteren talks with Brad Smith, Microsoft’s President and Chief Legal Officer about the tech giant’s new Artificial Intelligence program. …

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Italian Stocks Fall on Populist Government’s Spending Plans

09/28/2018 Ranbiz

Italy’s stock market fell sharply Friday after the new populist, euroskeptic government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic…

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Puerto Rico Struggling, Still Open for Tourists, Governor Says

09/28/2018 Ranbiz

Puerto Rico Gov. Ricardo Rossello flew to New York this week on a mission: convince potential tourists that the hurricane-ravaged island was ready for their return. But Puerto Rico’s recovery from last…

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US Regulators Sue Tesla’s Musk for Fraud, Seek to Bar Him as Officer

09/27/2018 Ranbiz

U.S. securities regulators on Thursday accused Tesla Inc. Chief Executive Elon Musk of fraud and sought to ban him as an officer of a public company, saying he made a series of “false…

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US, Japan Working Toward Free-trade Agreement

09/27/2018 Ranbiz

The United States and Japan have agreed to begin negotiations on a bilateral free-trade agreement, reducing the prospect that Washington might impose tariffs against another trading partner. “We’ve agreed today…

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Uber to Pay $148M for Hiding Data Breach

09/27/2018 RanIT

The ride-hailing service Uber has agreed to pay $148 million to settle claims that it concealed a massive data breach that exposed personal information of drivers and customers.  In November…

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US Lawmakers Urged to Enact Personal Data Protections, But With Care

09/26/2018 RanIT

U.S. communications and social media titans are urging lawmakers to craft strong, uniform protections for Americans’ personal data without squashing innovation. The Senate Commerce Committee heard testimony Wednesday from Apple,…

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Report: Ford CEO Warns Tariffs Cut $1 Billion in Profit

09/26/2018 Ranbiz

Ford chief Jim Hackett on Wednesday ramped up his warnings about the tariffs imposed by President Donald Trump, saying his company was seeing profits slashed by $1 billion. Hackett said…

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Somalia to Get First Direct World Bank Grants in Decades

09/26/2018 Ranbiz

Somalia’s finance minister says World Bank grants to the government are a sign the country has “trustable leadership” again after decades of chaos and corruption. The World Bank said Tuesday…

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Fed Lifts Rates for Third Time in ’18; One More Expected

09/26/2018 Ranbiz

The Federal Reserve on Wednesday raised a key interest rate for the third time this year in response to a strong U.S. economy and signaled that it expected to maintain…

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World Economy Remains on Shaky Ground

09/26/2018 Ranbiz

The U.N. Conference on Trade and Development warns the world economy remains fragile, one decade after the collapse of the U.S. financial titan Lehman Brothers triggered a global economic crisis.…

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Senate Panel Opens Hearing on Crafting US Privacy Law

09/26/2018 RanIT

The Trump administration is hoping Congress can come up with a new set of national rules governing how companies can use consumers’ data that finds a balance between “privacy and…

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Asian Lender Says Trade Wars, Debt Adding to Financial Risks

09/26/2018 Ranbiz

Trade conflicts, rising debt and the potential impact from rising interest rates in the U.S. will likely dampen growth in the coming year, the Asian Development Bank said Wednesday in…

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Shape-Changing Materials to Enter Everyday Life

09/26/2018 RanIT

Many materials change shape when exposed to heat, electricity or some other kind of energy. That change is usually random, but scientists are now learning how to direct that energy…

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Brazil’s Jobs Crisis Lingers, Posing Challenge for Next President

09/26/2018 Ranbiz

After losing his job with a foreign food company in March, Alexander Costa surveyed Brazil’s anemic labor market and decided to start selling cheap lunches by the beach in Rio…

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Into the Fold? What’s Next for Instagram as Founders Leave

09/26/2018 RanIT

When Kevin Systrom and Mike Krieger sold Instagram to Facebook in 2012, the photo-sharing startup’s fiercely loyal fans worried about what would happen to their beloved app under the social…

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A Swipe is Not Enough: Tinder Tests Extra Control for Women

09/25/2018 RanIT

The Indian edition of dating app Tinder is testing a new feature which gives women an additional level of scrutiny before they allow men to start messaging conversations, with a…

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