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Month: January 2019

Indonesian Presidential Candidates Spar Over Corruption

01/17/2019 Ranbiz

Indonesian President Joko Widodo has accused his election rival of allowing corrupt candidates on his legislative ticket and failing to include women in senior positions. Widodo and former General Prabowo…

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Tunisia Hit by General Strike, Amid Economic Tensions

01/17/2019 Ranbiz

Workers around Tunisia went on strike Thursday to demand higher pay in a standoff with a government struggling to reduce unemployment, poverty and social tensions. All flights in and out…

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Chinese Trade Negotiator to Visit US in Late January

01/17/2019 Ranbiz

China’s economic czar, Vice Premier Liu He, will travel to the United States later this month for the second round of negotiations aimed at resolving the ongoing trade war between…

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Want to Buy Ethical Food? Scan with Your Phone for Fast Facts

01/17/2019 RanIT

Whether buying a fish fillet at a supermarket or ordering steak in a restaurant, consumers will soon be able to use their phones to check instantly whether their food is…

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John Bogle, Founder of Vanguard, Dies at 89 

01/17/2019 Ranbiz

John C. Bogle, who simplified investing for the masses by launching the first index mutual fund and founded Vanguard Group, died Wednesday, the company said. He was 89. Bogle did…

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Giant US Bank Reveals 29 Percent Pay Gap Between Men, Women

01/17/2019 Ranbiz

Female employees at Citigroup Inc around the world are paid just 71 percent of what men earn, the giant bank said on Wednesday, declaring its intentions to close its gender…

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Busiest US Port Sets All-Time Cargo Record in 2018

01/16/2019 Ranbiz

The Ports of Los Angeles and Long Beach on Wednesday said they set all-time records for moving cargo in 2018, after U.S. retailers and manufacturers pulled forward imports to avoid…

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UK Businesses Brace for No-Deal Brexit

01/16/2019 Ranbiz

Brexit has British business owners on edge — and that is great news for Lovespace, a storage and warehousing company outside London. Lovespace, which collects boxes from customers, stores them…

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World Economic Forum Warns of Impact of Global Tensions

01/16/2019 Ranbiz

International tensions and nationalist politics can further weigh on the global economy this year and hinder efforts to deal with big issues such as climate change, the organizers of next…

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Angola’s Oil Reforms: Miracle or Mirage?

01/16/2019 Ranbiz

Angolan President Joao Lourenco has made headline-grabbing changes in the nation’s vital oil sector since taking power in 2017.  Economists say these changes should improve Angola’s economy, and may even provide…

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"Pulse" Turns Heartbeats into Interactive Art

01/16/2019 RanIT

Take a minute and think about your heart. Can you hear it beating? Probably not, but you know it is. Now imagine your heartbeat “in color,” with rhythmic lighting to…

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Razor Burn: Gillette Ad Stirs Online Uproar

01/16/2019 Ranbiz

A Gillette ad for men invoking the #MeToo movement is sparking intense online backlash, with accusations that it talks down to men and groups calling for a boycott. But Gillette…

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Globalization, Climate Change Top Agenda of World Economic Forum

01/15/2019 Ranbiz

More than 3,200 government, business, academics and civil society leaders will address issues of globalization, climate change and other matters of world importance next week at the annual World Economic…

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‘Made in China 2025’ Feels Trade War Pinch

01/15/2019 Ranbiz

Although it is unclear if the United States and China will be able to meet a 90-day deadline and strike a deal on trade by March 2, the tussle is…

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France’s Macron Launches ‘Grand Debate’ Following Protests

01/15/2019 Ranbiz

French President Emmanuel Macron is formally launching a “grand debate” to try to appease the yellow vest movement following weeks of anti-government protests. Macron heads Tuesday to Grand Bourgtheroulde, a…

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Facebook to Invest $300 Million in Local News Initiatives

01/15/2019 RanIT

Facebook says it is investing $300 million over the next three years in local news programs, partnerships and other initiatives. The money will go toward reporting grants for local newsrooms,…

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Huawei Founder Says Company Would Not Share User Secrets

01/15/2019 RanIT

The founder of network gear and smart phone supplier Huawei Technologies says the tech giant would reject requests from the Chinese government to disclose confidential information about its customers.  Meeting…

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China Reports Record Trade Surplus with US, Amid Signs of Slowing Economy

01/14/2019 Ranbiz

China’s trade surplus with the United States rose dramatically in 2018, despite a tit-for-tat tariff war with the U.S. that has roiled global markets. The surplus stood at a record-high…

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Detroit Auto Show, and Industry, Prepare for Transition

01/14/2019 Ranbiz

The auto industry gathered in Detroit on Sunday, on the eve of the last winter edition of North America’s premiere auto show, as carmakers grapple with a contracting market and…

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Saudi Energy Minister Concerned About Oil Price Volatility

01/13/2019 Ranbiz

Saudi Arabia’s energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $60 a barrel and rise above $86. “I…

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Amphibious Robot Thrives in Water and on Land

01/13/2019 RanIT

Nature finds a way, the old saying goes. We see it in how animals fly, crawl, slink, dig and otherwise make their way through the world. Scientists have long recognized…

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Robot Animals Serving as Pets to Dementia Patients

01/13/2019 RanIT

A new form of social therapy is powering-on in the U.S. A group of former toy company employees bought a brand from their ex-employer and started developing robotic household animals…

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Zimbabwe Promises New Currency as Dollar Shortage Bites

01/13/2019 Ranbiz

Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of U.S. dollars has plunged the financial system into disarray and forced…

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Foreign-Born Workers Powering Silicon Valley’s Startup Success

01/12/2019 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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SpaceX Reportedly to Lay Off About 10 Percent of Workforce 

01/12/2019 Ranbiz

Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. The company said it will “part…

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U.S. to Seek Comprehensive Agriculture Access in EU Trade Talks

01/12/2019 Ranbiz

The United States on Friday signaled it would not bow to the European Union’s request to keep agriculture out of planned U.S.-EU trade talks, publishing negotiating objectives that seek comprehensive…

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