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Month: January 2019

White House Denies Reports of Canceled Trade Meeting

01/23/2019 Ranbiz

The White House on Tuesday said high-level trade talks with Beijing were proceeding uninterrupted, quickly rebutting media reports that progress toward resolving their trade war had faltered. Chinese Vice Premier…

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Minister: Nigeria to Recommend 50 Percent Hike in Minimum Wage

01/22/2019 Ranbiz

Nigeria is to send a bill recommending a national minimum monthly wage rise of 50 percent to 27,000 naira ($88) to lawmakers in the national assembly, the labor minister said…

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Google Opens New Office in Berlin With Eye on Expansion

01/22/2019 RanIT

American tech giant Google has opened a new office in Berlin that it says will give it the space to expand in the German capital.   CEO Sundar Pichai said…

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Brazil’s Nationalist Leader to Address Davos Globalist Crowd

01/22/2019 Ranbiz

Brazilian President Jair Bolsonaro will headline the first full day of the World Economic Forum in Davos, Switzerland, with a speech to political and business leaders.   The nationalist leader…

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Economists: Political Uncertainties, Trade Tensions Affect Economic Growth

01/22/2019 Ranbiz

Economists warn that political uncertainties and trade tensions could undermine global economic growth. Rights groups warn of the dangers of growing economic inequality. About 3,000 political and economic leaders have…

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UN Forecasts Global Economic Growth Around 3 Percent in 2019

01/21/2019 Ranbiz

The United Nations is forecasting that the global economy will grow by around 3 percent in 2019 and 2020, but says waning support for multilateralism, escalating trade disputes, increasing debt…

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France Fines Google $57M for Data Privacy Violation

01/21/2019 RanIT

France’s data watchdog fined Google nearly $57 million on Monday, saying the tech giant failed to provide users with transparent information on its data consumer policies and how their personal…

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UK Leader Unveils Brexit Plan B, Looks a Lot Like Plan A

01/21/2019 Ranbiz

British Prime Minister Theresa May unveiled her Brexit Plan B on Monday — and it looks a lot like Plan A. May launched a mission to resuscitate her rejected European…

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World Economy Forecast to Slow in 2019 Amid Trade Tensions

01/21/2019 Ranbiz

The International Monetary Fund has cut its forecast for world economic growth this year, citing heightened trade tensions and rising U.S. interest rates. The IMF said Monday that it expects…

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Uganda Seeks to Regulate Fish Maw Trade

01/21/2019 Ranbiz

At the Gaba landing site in Kampala, fishermen dock their boats filled with both tilapia and Nile perch. Waiting along the shores, donning white gum boots and white coats, fish…

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Russian Media Watchdog Moves Against Facebook, Twitter

01/21/2019 RanIT

Russia’s communication watchdog, Roskomnadzor, opened “administrative proceedings” Monday against Facebook and Twitter for non-compliance with country’s data laws, Interfax news agency reported. Roskomnadzor head Alexander Zharov is quoted as saying…

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China’s 2018 Economic Growth Edges Down Amid Trade War

01/21/2019 Ranbiz

China’s 2018 economic growth decelerated to 6.6 percent after activity in the final quarter of the year declined amid a tariff battle with Washington. Data announced Monday showed economic growth…

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Uganda Seeks to Regulate Lucrative Fish Maw Trade

01/20/2019 Ranbiz

The sale of Nile Perch fish maw in Uganda has become a lucrative business, especially for distributors. The fish maw – or dried swim bladder – is used as an…

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Temporary Tattoo Developed in Portugal Monitors Body Functions

01/20/2019 RanIT

In the future, a tattoo may not only be a way for someone to express themselves, it may also be used to monitor a genetic condition or even control a…

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These CEOs, Foreign-Born and Women, Create Thriving Tech Careers

01/20/2019 RanIT

Home to Apple, Facebook and Google, Silicon Valley is an American economic powerhouse, producing technology companies with global influence. But behind these influential American brands are scores of foreign workers…

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Trump Says a Deal ‘Could Very Well Happen’ With China

01/19/2019 Ranbiz

U.S. President Donald Trump said on Saturday progress is being made toward a trade deal with China and denied that he was considering lifting tariffs on Chinese products. “Things are…

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James Webb Telescope Prepping for Launch

01/19/2019 RanIT

Humanity’s efforts to move into and peer into space seem to be experiencing something of a renaissance in the past few weeks. NASA’s pictures of Ultima Thule continue to astound,…

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Stocks Rally on Trade Hopes, Dollar Has 1st Weekly Gain of 2019

01/19/2019 Ranbiz

World stock indexes jumped on Friday, with Wall Street posting a fourth straight week of gains, and the dollar had its first positive week since mid-December as optimism increased that…

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Report: Facebook’s Privacy Lapses May Result in Record Fine

01/18/2019 RanIT

Facebook may be facing the biggest fine ever imposed by the U.S. Federal Trade Commission for privacy violations involving the personal information of its 2.2 billion users. The FTC is…

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US Consumer Morale at Two-year Low; Factory Output Surges

01/18/2019 Ranbiz

U.S. consumer sentiment tumbled in early January to its lowest level since President Donald Trump was elected more than two years ago as a partial shutdown of the federal government and financial market…

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Technology Near for Real-Time TV Political Fact Checks

01/18/2019 RanIT

A Duke University team expects to have a product available for election year that will allow television networks to offer real-time fact checks onscreen when a politician makes a questionable…

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EU Wants to Exclude Agriculture From Trade Talks With US

01/18/2019 Ranbiz

The European Union insisted Friday that agriculture be kept out of the EU-U.S. trade negotiations, despite Washington’s wishes to include the vast sector, and said any overall deal will be…

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Tesla Plans 7 Percent Staff Cut, Says Bumpy Road Ahead

01/18/2019 RanIT

Electric car and solar panel maker Tesla said Friday it plans to cut its staff by about 7 percent. “The road ahead is very difficult,” the company’s founder and CEO…

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Gloomy Davos: Plenty of Crises, Few World Leaders

01/18/2019 Ranbiz

An array of crises will keep several world leaders away from the annual World Economic Forum (WEF) in Davos next week, which takes place against a backdrop of deepening gloom…

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US Appeals Court Will Not Delay Net Neutrality Case

01/18/2019 RanIT

A federal appeals court said Thursday it would not delay oral arguments set for Feb. 1 on the Trump administration’s decision to repeal the 2015 landmark net neutrality rules governing…

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WSJ: US Treasury Secretary Mnuchin Weighs Lifting Tariffs on China

01/17/2019 Ranbiz

U.S. Treasury Secretary Steven Mnuchin discussed lifting some or all tariffs imposed on Chinese imports and suggested offering a tariff rollback during trade discussions scheduled for Jan. 30, the Wall…

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