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Economy

India’s IndiGo to Fly to Smaller Cities in Strategy Shift

By Yeco on Tuesday, May 9, 2017

Indian airline IndiGo said it plans to start flying smaller planes to second-tier towns and cities later this year, in a shift in strategy for the carrier that has prided itself on the simplicity of running only one type of …

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Economy

Gibraltar Plans for Hard Brexit, End of Access to EU Market

By Yeco on Tuesday, May 9, 2017

Gibraltar is preparing for a post-Brexit setup in which its firms will have no longer access to the European Union market but will maintain a preferential relationship with Britain, a top Gibraltar financial official said on Tuesday. The tiny British …

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Technology

Amazon Gives Voice-enabled Speaker a Screen, Video Calling

By Ytech on Tuesday, May 9, 2017

Amazon is giving its voice-enabled Echo speaker a touch screen and video-calling capabilities as it competes with Google’s efforts at bringing “smarts” to the home.   The new device, called Echo Show, goes on sale on June 28 for $230. …

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Technology

FCC Website Under Attack

By Ytech on Tuesday, May 9, 2017

The website for the Federal Communications Commission has come under attack. Initially, the problems were believed to have been caused by comedian John Oliver, who on Sunday urged his viewers to leave comments on the site about the FCC’s plans …

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Economy

Cambodian Business Hopes to Change Attitudes With World Economic Forum

By Yeco on Tuesday, May 9, 2017

Cambodia’s rapidly normalizing economy will receive an additional boost when it hosts the regional World Economic Forum (WEF) for the first time this week with business leaders looking for opportunities to diversify the country’s fledgling industries. American lawyer and chairman …

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Technology

ESA Looking For Life on Mars

By Ytech on Tuesday, May 9, 2017

Exploration of Mars has not proceeded without setbacks, but that did not discourage scientists trying to find the answer to one of the crucial questions – has the red planet ever sustained life? If the answer is positive, it would …

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Economy

IMF Warns Asia to Act Early on Rapidly-aging Population

By Yeco on Tuesday, May 9, 2017

The International Monetary Fund called on Asian economies to learn from Japan’s experience and act early to cope with rapidly aging populations, warning that parts of the region risk “getting old before becoming rich.” Asia has enjoyed substantial demographic dividends …

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Economy

Top Mexican Trade Official to Hold Sugar Talks Next Week in US

By Yeco on Tuesday, May 9, 2017

Mexican Economy Minister Ildefonso Guajardo will travel to Washington next week for talks about sugar exports, he told reporters on Monday, in an attempt to break an impasse that threatens to trigger tit-for-tat duties on sweeteners. U.S.-Mexican trade relations are …

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Technology

Austrian Court Rules Facebook Must Delete ‘Hate Postings’

By Ytech on Tuesday, May 9, 2017

Facebook must remove postings deemed as hate speech, an Austrian court has ruled, in a legal victory for campaigners who want to force social media companies to combat online “trolling.” The case — brought by Austria’s Green party over insults …

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Economy

Tunisian Job Protests Hit Oil and Gas Output

By Yeco on Tuesday, May 9, 2017

Protests over jobs and development in southern and central Tunisia have halted production at or shut the fields of two foreign energy companies in a new challenge to the country’s Prime Minister Youssef Chahed. For Tunisia, a small oil and …

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Economy

Canada Political Pressures Force PM’s Hand on US Trade Disputes

By Yeco on Monday, May 8, 2017

Canada escalated a trade dispute with United States by making threats Washington called inappropriate in part because Prime Minister Justin Trudeau is under pressure to secure support in a key region ahead of the country’s 2019 elections. Washington last month …

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Technology

Facebook Removes Accounts in Fight Against Fake News

By Ytech on Monday, May 8, 2017

Facebook says it has deleted tens of thousands of accounts in Britain ahead of the June 8 general election in a drive to battle fake news.   The tech giant also took out newspaper advertisements in Britain’s media offering advice …

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Technology

China to Strengthen Its Controls Over the Internet

By Ytech on Sunday, May 7, 2017

China will further tighten its internet regulations with a pledge Sunday to strengthen controls over search engines and online news portals, the latest step in President Xi Jinping’s push to maintain strict Communist Party control over content. Xi has made …

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Economy

Buffett Talks Wells Fargo, IBM and His Successor at Annual Meeting

By Yeco on Sunday, May 7, 2017

Warren Buffett, the chairman of Berkshire Hathaway Inc., Saturday faulted Wells Fargo & Co for failing to stop employees from signing up customers for bogus accounts even after learning it was happening. Wells Fargo, whose largest shareholder is Berkshire, with …

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Economy

Buffett: GOP Health Care Bill a Tax Cut for the Rich

By Yeco on Sunday, May 7, 2017

Berkshire Hathaway Inc Chairman Warren Buffett fumed Saturday that health care costs are eating away at the U.S. economy like “tapeworm” and said the Republican approach to overhaul Obamacare is a tax cut for the rich. The U.S. House of …

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Technology

Metal Fabric Printed as One Piece

By Ytech on Sunday, May 7, 2017

3D printing with metals is rapidly changing the way parts are being manufactured because it is now possible to create continuous complex shapes. Where once parts had to be welded to close the gaps, they can now be made as …

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Technology

Entrepreneurs Outside US Can Attract Silicon Valley Backing

By Ytech on Saturday, May 6, 2017

The venture fund 500 Startups has been making a splash in Southeast Asia, most recently with Khmerload, a Cambodian entertainment news website modeled after the American media giant Buzzfeed. Binh Tran, a venture partner with the firm, sat down with …

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Science

Georgia Lawmaker Helps Parents Navigate State Medical Marijuana Laws

By Yscien on Saturday, May 6, 2017

The use of medical marijuana is legal in the U.S. state of Georgia. But like many other states, it is illegal to grow, import or sell it. So how are patients who qualify to use it supposed to get it? …

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Economy

Nicaragua Downplays Potential Impact of US Bill on Lending

By Yeco on Friday, May 5, 2017

President Daniel Ortega downplayed the possible impact of a U.S. bill that would condition international lending to Nicaragua on a range of democracy and rights issues, saying it’s more of a political than an economic threat to his country.   …

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Economy

US Older-worker Rate Highest Since 1962

By Yeco on Friday, May 5, 2017

More Americans age 65 and over are still punching the clock. In fact, the last time the percentage was this high was when John F. Kennedy was in the White House. Last month, 19 percent of Americans age 65 and …

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Technology

Robotics, Artificial Intelligence Could Transform Society, But at What Cost?

By Ytech on Friday, May 5, 2017

Some of the world’s wealthiest and most influential leaders came to California this week for the Milken Institute Global Conference, a wide-ranging review of issues permeating economics and politics, with topics ranging from agriculture to mortgage markets to international trade …

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Economy

Venezuela Full of Strife With Empty Refrigerators

By Yeco on Friday, May 5, 2017

In Venezuela, plagued with chronic food shortages and a devastated economy, Carmen Elena Perez describes her refrigerator as merely “an ornament in my kitchen, because filling it costs me too much money.” Dulce Maria Garcia Leon, in the western state …

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Economy

US Investigates Malfunctioning Nissan Automobile Brakes

By Yeco on Friday, May 5, 2017

The United States office that handles highway safety announced it would investigate complaints that brakes can malfunction on Nissan’s popular Murano SUV. According to documents released Friday by the National Highway Traffic Safety Administration, nearly 60 people have complained that …

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Economy

Delta Apologizes for Kicking Family Off Flight

By Yeco on Friday, May 5, 2017

After yet another viral video has surfaced of people being kicked off an overbooked plane. Delta Air Lines has apologized. In a statement, the company said it was “sorry for the unfortunate experience.” The video, posted by Brian and Brittany Schear, …

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