Business


Beijing is gearing up for a long, bitter trade war with Washington
- July 07, 2018

Iowa soybean farmer Ron Heck on the impact of US trade tensions with China on farmers in America. "The reciprocal tariffs on US$50bn of goods in both directions will have minimal impact in China", Andy Rothman, an investment strategist at Matthews Asia, wrote in a blog this week. (more...)
US adds 213,000 jobs; unemployment rate rises
- July 06, 2018

The jobless rate in Calgary remained steady at 7.7 per cent. The steady growth in the labour force so far this year has reversed a steady decline seen through the latter half of 2017. Additionally, the Trump administration has drawn attention to the record-low of African American unemployment, even as it remained higher than the overall rate at 5.9%. (more...)
United States tariffs on Chinese imports take effect United States tariffs on Chinese imports take effect
- July 06, 2018

The first round of these tariffs were due to take affect at 4pm NZT. China also has plans for a second round - but no start date - that would affect $16 billion of such U.S. "This act is typical trade bullying ", the spokesperson said, before adding: "It seriously jeopardizes the global industrial chain ..." What could the fallout be? More than $2.7 trillion in Asian equity value has evaporated in the past month as Shanghai-listed shares entered a bear market and foreigners fled ... (more...)
China court bans Micron chip sales in patent case: Taiwan's UMC China court bans Micron chip sales in patent case: Taiwan's UMC
- July 06, 2018

The Fuzhou Intermediate People's Court of the People's Republic of China issued a preliminary injunction against Micron, barring it from selling certain DRAM and Nand memory chips, including solid-state drives and memory sticks, in China, UMC said in a news release . (more...)
ZTE changes CEO to comply with United States deal ZTE changes CEO to comply with United States deal
- July 06, 2018

ZTE Corp. has replaced its entire executive team as the company scrambles to comply with the conditions of a deal that will allow it to regain access to USA technology. ZTE was found at fault for providing high-frequency antennas to Iran and North Korea, both of which are under a trade embargo from the United States. (more...)
Business hiring forges ahead in June, with 213,000 jobs added
- July 06, 2018

Update: Here's another chart, this one showing monthly job losses/gains in just the private sector since the start of the Great Recession. But retailers cut 21,600 jobs last month, after boosting payrolls by 25,100 in May. They expect the unemployment rate to have held steady at 3.8%, the lowest level since 2000 and 1969 before then. Businesses hired robustly in June despite threats of trade tensions. (more...)
Second Half of Barton 1792 Warehouse Collapses Second Half of Barton 1792 Warehouse Collapses
- July 06, 2018

Barton 1792 Distillery says the rest of its barrel warehouses have been inspected by a third party since the first collapse happened, as have the other two Sazerac owned distilleries in Kentucky, and those buildings have been deemed safe. State environmental officials had said they would fine Sazerac Inc., parent company of the distillery, up to $25,000 per day. Bourbon ages for years in charred new oak barrels, where it acquires its color and flavor. (more...)
MIT's Cheetah 3 robot is effectively blind MIT's Cheetah 3 robot is effectively blind
- July 06, 2018

Kim also has high hopes that the robot will be able to carry out some of the tasks that would normally be considered inaccessible or unsafe for human beings. In essence, the algorithm helps the robot decide between planting its foot on the ground, or swinging it through the air. The contact detection algorithm helps the robot ensure the stability of each step it takes. (more...)
Man throws soda on teen wearing Man throws soda on teen wearing "MAGA" hat
- July 06, 2018

Meanwhile, the hat attacker, bartender Kino Jimenez, 30, was sacked by his employer, Rumble San Antonio , which wrote about in a now-deleted Facebook message that Mediaite posted from a screen grab. The boys said the man attacked them without any provocation. "He kept his hat, too". We have since terminated this employee, as his actions go against everything that this establishment stands for. (more...)
Road block for Uber-Grab deal in Singapore Road block for Uber-Grab deal in Singapore
- July 06, 2018

It has also issued a Proposed Infringement Decision against the transaction. In its strongest pronouncement on the deal so far, the CCCS said Grab and Uber had proceeded with the transaction despite knowing that it might breach competition laws. (more...)
Amazon to Publish a Toy Catalog Amazon to Publish a Toy Catalog
- July 06, 2018

Insiders said millions of copies of the printed catalog will be sent to USA homes and distributed at Whole Foods Markets. This may seem like an unusual move for Amazon, but Jeff Bezos is no dummy when it comes to spotting an opportunity. and United Kingdom shops. We've reached out to Amazon about the printed catalog, and we'll update this post when we hear back. Amazon bought Whole Foods past year, in a nod to the staying power of at least some brick-and-mortar stores. (more...)
Elon Musk says sending engineers to help trapped Thai soccer team Elon Musk says sending engineers to help trapped Thai soccer team
- July 06, 2018

Thai officials are pumping water out of the cave where a boys' soccer team and their coach are trapped. The members of the Wild Boar football team have been stuck inside the cave since June 23, after the group got stranded in an air pocket inside the complex due to flooding. (more...)
Tesla urges Model 3 holders to put capital where mouth is Tesla urges Model 3 holders to put capital where mouth is
- July 06, 2018

Another reason for Tesla's stock to decline is its missing production goals despite reaching the 5,000-a-week milestone. He questioned "whether Tesla can really evaluate customer satisfaction yet" given that 11,166 of its Model 3 cars, likely including those manufactured in its tent, were still in transit. (more...)
Boeing, Embraer Forge $4.75 Billion Commercial Jet Venture Boeing, Embraer Forge $4.75 Billion Commercial Jet Venture
- July 06, 2018

By adding Embraer's E-Jet family to its portfolio, Boeing bolsters its arsenal in the newest battlefront with Airbus: the market for 100-seat planes. Boeing shares were little changed on Thursday. Embraer produces jets that compete directly with the CSeries and fills a void for Boeing at the low-end of its product lineup. (more...)
Baidu set to launch autonomous buses in China and Japan Baidu set to launch autonomous buses in China and Japan
- July 06, 2018

The buses are being produced at King Long's manufacturing facility in Xiamen, in southeastern China's Fujian province. Baidu , operator of China's leading search engine, on July 4 started volume production of the Apolong, a bus equipped with its artificial intelligence-based Apollo automated driving system. (more...)
Canada pushing for intensive NAFTA talks Canada pushing for intensive NAFTA talks
- July 06, 2018

The front-runner in Mexico, Andres Manuel Lopez Obrador, has already said that he would name a new negotiating team for the NAFTA revision. I think it will be very interesting. The president's decision comes as the USA and Canada have been engaged in a tit-for-tat trade dispute over Trump's tariffs on Canadian steel and aluminum. (more...)
Yuan gains, China stocks grind after attempt to soothe markets Yuan gains, China stocks grind after attempt to soothe markets
- July 05, 2018

The benchmark CSI300 Index was down 0.85 per cent by the lunch break, and the Shanghai Composite Index was off 0.68 per cent. The decline came amid lingering trade concerns as tariffs on billions of dollars in USA and Chinese goods are set to take effect later this week. (more...)
California Privacy Act Goes Into Effect Starting January 1, 2020 California Privacy Act Goes Into Effect Starting January 1, 2020
- July 05, 2018

One, for example, allows tech companies to share people's data even if a consumer bars them from selling it. With this, he worked to develop a privacy initiative addressing these issues focusing on transparency, control and accountability. The key differences between the CCPA and AB 375 are that AB 375 provides the additional right to deletion and that AB 375 does not provide for a private right of action for any violation (more on this below). (more...)
Nathan’s Hot Dog Eating Contest prize pool: What event winners earn Nathan’s Hot Dog Eating Contest prize pool: What event winners earn
- July 05, 2018

Through the first quarter of the contest, Chestnut was finishing his 18th hot dog and bun, caught in a tight race with several other competitors, including 2015 champion Matt Stonie. But, after that many hot dogs, who wouldn't?! In the women's competition, Miki Sudo defended her title, becoming just the third competitor to win five titles and downing 37 franks in 10 minutes. (more...)
Guy Grabs Teen's MAGA Hat in San Antonio Whataburger
- July 05, 2018

Hunter Richard, 16, told WOAI-TV that he was the teen in the video whose hat was stolen. "I support my President, and if you don't, let's have a conversation about it instead of ripping my hat off", Richard told WOAI. approaches a group of teenagers minding their own business just having a burger! The shocking clip was first shared by his mother Patricia Spittler, who wrote: 'Please help ID this "Scum BAG of the Year!" "He kept his hat, too". (more...)
Police to remove protesters at Ironworkers Memorial Bridge Police to remove protesters at Ironworkers Memorial Bridge
- July 05, 2018

De Jong says about 12 protesters were on the bridge or hanging from it and Mounties will consider recommending charges of mischief and jeopardizing the safety of a vessel. Watch House Guardian Will George was arrested after occupying Ironworker Memorial Bridge for more than 35 hours. "It is in my blood to protect the water", he said. (more...)
Iran Warns Trump's Oil Ban Is 'Self Harm' Iran Warns Trump's Oil Ban Is 'Self Harm'
- July 05, 2018

This is while world oil prices have climbed higher as the Trump administration has pressured U.S. allies to end all purchases of oil from Iran. I've been over this on countless occasions since the President first implored OPEC to engineer lower prices back in April. (more...)
Rouhani Says US Pressure to Stop Iranian Oil May Effect Regional Exports Rouhani Says US Pressure to Stop Iranian Oil May Effect Regional Exports
- July 05, 2018

The clash over OPEC policy and the resumption of U.S. sanctions on Iran has been amplified this week as Trump continues to target the group which he blames for rising prices. Higher prices could well bring on a recession in the U.S., which would damage GOP chances in the upcoming elections this fall for the U.S. Congress. Saudi Arabia stocks were lower after the close on Monday as losses in the Multi-Investment, Cement and Petrochemicals sectors led shares lower. (more...)
Coinbase Launches Custody Service, Plans for Asia Release Coinbase Launches Custody Service, Plans for Asia Release
- July 05, 2018

Coinbase Custody is officially open for business, providing secure storage of crypto assets for institutions in both the U.S. and Europe. Coinbase Custody requires a minimum balance of $10 million. It is to be hoped that Coinbase will provide better customer support to the new heavy hitters coming in that they've given their rank-and-file users over the a year ago. (more...)
China's Baidu rolls out self-driving buses
- July 05, 2018

Baidu , Google's rival search engine in China, has announced that the hundredth Apolong self-driving mini bus has just rolled off the production line, making it the first fully autonomous electric bus to reach volume production. 'I took a self-driving vehicle to come to the developer conference previous year, and ended up getting a ticket at (Beijing's) fifth ring road, ' Mr Li quipped. (more...)

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