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Month: December 2018

Canadian Economy Exceeds Expectations in October

12/21/2018 Ranbiz

The Canadian economy expanded by a greater-than-expected 0.3 percent in October from September, pushed higher by strength in manufacturing, finance and insurance, Statistics Canada data indicated Friday. Analysts in a…

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Nigerian Energy Sector’s Crippling Debts Delay Next Power Plant

12/21/2018 Ranbiz

Plans to build another privately-financed power station in Nigeria to help end decades of chronic blackouts have been delayed because of concerns about persistent shortfalls in payments for electricity across…

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US GDP Grew 3.4 Percent in Q3, Slowed by Falling Exports

12/21/2018 Ranbiz

US growth in the July-September quarter was slightly slower than previously reported, dragged down by the large drop in exports amid President Donald Trump’s multi-front trade wars. With hundreds of…

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NASA Satellite Will Measure the World’s Forests

12/21/2018 RanIT

Forests are often called the lungs of the planet because they produce so much oxygen. But they also store huge amounts of carbon. NASA scientists want to know exactly how…

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Dow Sinks Another 464 Points as Slowdown Fears Worsen

12/20/2018 Ranbiz

It was another miserable day on Wall Street as a series of big December plunges continued, putting stocks on track for their worst month in a decade. The Dow Jones…

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China Trade War Rattles Investors in New US Soy Processing Plants

12/20/2018 Ranbiz

The U.S.-China trade war is spooking potential investors in soybean crushing plants planned for Wisconsin and New York state, developers said, casting doubt on the future of a sector that…

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UK Airport Chaos Highlights Difficulty in Stopping Drones

12/20/2018 RanIT

When drones buzzing over the runway forced London’s busy Gatwick Airport to shut down, many travelers wondered why it’s so hard for authorities to stop such intruders. Shoot them down,…

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At Least 8 Killed in Sudan Protests, State of Emergency Declared

12/20/2018 Ranbiz

A state of emergency has been declared in two eastern Sudan states after at least eight protesters were killed in mass demonstrations against rising prices. Thousands of protesters marched in…

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US Central Bank Boosts Benchmark Interest Rate

12/19/2018 Ranbiz

The independent U.S. central bank raised borrowing rates Wednesday for the fourth time this year, dismissing President Donald Trump’s contention that policymakers ought not tinker with the country’s robust economy,…

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DC Sues Facebook Over Cambridge Analytica’s Data Use

12/19/2018 RanIT

The attorney general for Washington, D.C., said Wednesday that the nation’s capital had sued Facebook over reports involving Cambridge Analytica’s use of data from the social media giant. “Facebook failed to protect…

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US, China Spar Over Trade at WTO

12/19/2018 Ranbiz

The United States and China blamed each other for the crisis in the world trading system during a two-day “trade policy review” of the United States at the World Trade…

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Poland Signs 20-Year Deal to Buy Natural Gas From the US

12/19/2018 Ranbiz

Poland has signed a long-term deal with a U.S. company for supplies of liquefied natural gas as part of an effort to reduce its dependence on Russian energy, the two…

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Facebook Defends Data Sharing After New Report on Partner Deals

12/19/2018 RanIT

Facebook defended its data sharing practices Wednesday after a report revealing that certain partners of the social network had access to a range of personal information about users and their…

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White House, Congress Headed Toward Funding Extension

12/19/2018 Ranbiz

The White House and Congress appeared headed Wednesday toward agreement on a stopgap spending plan to avert a partial government shutdown at midnight Friday, but it does not include $5…

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Uber Loses Lastest UK Legal Bid to Block Worker Rights for Drivers

12/19/2018 Ranbiz

Uber lost its latest court bid Wednesday to stop British drivers from being classified as workers, entitling them to rights such as the minimum wage, in a decision which jeopardizes…

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EU Gives US Two Months to Name Data Privacy Ombudsman

12/19/2018 RanIT

The European Union on Wednesday gave U.S. President Donald Trump two months to name an ombudsman to tackle EU citizens’ complaints under a data protection deal sealed by predecessor Barack…

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As US-China Tensions Build, Silicon Valley Rethinks Bonds

12/19/2018 RanIT

In recent years, the tech industry has looked to China as a key partner to help build and sell cutting-edge devices and services. But rising tensions between Washington and Beijing…

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Pet Cloning the Cutting Edge of Chinese Biotech

12/19/2018 RanIT

The U.S. has had its share of famous on-screen dogs, from Lassie to Benji. In China, the big-screen star is a lovable mutt named ‘Juice.’ But Juice is getting on…

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Elon Musk’s Boring Company Set to Unveil Its First Los Angeles-Area Tunnel

12/19/2018 RanIT

The Boring Company, Elon Musk’s underground transit venture, planned an unveiling of its first tunnel Tuesday, two years after the billionaire entrepreneur complained about Los Angeles traffic and vowed to…

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French Pair Invent Plastic-to-fuel Recycler Fit for African Bush

12/19/2018 RanIT

A French actor and a self-taught inventor have designed a low-tech machine that converts plastic waste into diesel and petrol, which they say could help fight pollution and provide fuel…

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Look Ma, No hands: A New Way to Surf Your Smartphone

12/18/2018 RanIT

Researchers at online shopping site eBay have come up with a way to surf apps on your smartphone without having to use your fingers. Their solution? Use your head, literally.…

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New Brazilian Minister: Even Military Must Compromise on Pensions

12/18/2018 Ranbiz

Every Brazilian, including current and former members of the armed forces, will have to compromise under the next administration’s pension reform plan, a former general set to become government minister…

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Greek Lawmakers Approve New Budget — With More Austerity

12/18/2018 Ranbiz

Greek lawmakers approved the heavily indebted country’s budget for 2019 late Tuesday, the first since Greece exited an eight-year bailout program. The budget lawmakers passed with a 154-143 vote still…

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Mexico Budget Plan Races Past First Congressional Hurdle

12/18/2018 Ranbiz

The finance committee of Mexico’s lower house of Congress on Tuesday rapidly approved the revenue section of President Andres Manuel Lopez Obrador’s 2019 draft budget, auguring speedy passage in the…

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With Click of Button, Britain’s Homeless Crowdfund Their Way to Work

12/18/2018 RanIT

When Hana fled to Britain with her son from East Africa, she was grateful to have found safety from persecution and a roof over her head in her sister’s tiny…

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Ukraine’s Poroshenko: World Bank Approves $750 Million Loan Guarantee

12/18/2018 Ranbiz

The World Bank has approved a $750 million loan guarantee for Ukraine, President Petro Poroshenko said on Twitter on Tuesday, calling it proof of his nation’s “tangible progress on the…

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