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Business

Aug 19, 2019, 11.44 AM IST
The Economic Times
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Employees urge Google not to work with US immigration officials

Hundreds of Google employees on Wednesday called on the internet titan to avoid working for US immigration officials until they stop "engaging in human rights abuses." A petition signed by more than 600 "Googlers" as of late afternoon was prompted by word that US Customs and Border Protection (CBP) was preparing to request bids on a massive cloud computing contract.

007 carmaker sees shares crash on profit warning

James Bond's favourite carmaker Aston Martin sent its share price crashing by a fifth on Tuesday after issuing a profit warning on the back of weak global demand and Brexit.

Donald Trump, Xi Jinping hit reset button on trade but long slog awaits

Once again, Presidents Donald Trump and Xi Jinping have hit the reset button in trade talks between the world's two biggest economies, at least delaying an escalation in tension between the U.S. and China that had financial markets on edge and cast a cloud over the global economy.But when U.S. and Chinese negotiators sit down to work out details, the same difficult task remains: getting China to convince the United States that it will curb its aggressive push to challenge American technological dominance and then to live up to its promises.

Jony Ive, the designer behind the iPhone, is leaving Apple

The man behind the iconic designs of the iPhone, iMac and iPad is leaving Apple. Chief Design Officer Jony Ive is departing after more than two decades at Apple to start his own design firm, the company said Thursday. But he's not completely severing ties with the company he has worked at for nearly 30 years. Apple said it will be one of Ive's clients at his new firm. The Cupertino, California, company did not give an exact date for his departure.

All you need to know about Strait of Hormuz

Britain's failure to prevent Iran's Revolutionary Guards from seizing a British-flagged oil tanker in the Strait of Hormuz shows the decline of the once mighty British navy. In pic: A speedboat of Iran's Revolutionary Guard trains a weapon toward the British-flagged oil tanker Stena Impero, which was seized in the Strait of Hormuz on Friday by the Guard, in the Iranian port of Bandar Abbas.

Donald Trump's tariffs: What are they? How do they work?

Economists have no set definition of a trade war. But with the world's two largest economies now slapping potentially punishing tariffs on each other, it looks as if a trade war has arrived. All told, Trump has threatened to hit as much as $550 billion worth of China's exports to the US with punitive tariffs. That's more than the $506 billion in goods that China shipped to the United States last year.It's not uncommon for countries - even close allies - to fight over trade in specific products. The United States and Canada, for example, have squabbled for decades over softwood lumber.But the US and China are fighting over much broader issues, like China's requirements that American companies share advanced technology to access China's market, and the overall US trade deficit with China. So far, neither side has shown any sign of bending.

US sanctions on Huawei bite, but who gets hurt?

Huawei is already the biggest global supplier of networking equipment, and is now likely to move toward making all components domestically. China already has a policy seeking technological independence by 2025.US tech companies, facing a drop in sales, could respond with layoffs. More than 52,000 technology jobs in the US are directly tied to China exports, according to the Computing Technology Industry Association, a trade group also known as CompTIA.

JLR plans to let car drivers earn cryptocurrency while they drive

Jaguar Land Rover, Britain's largest auto manufacturer, said it is testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data.The company is developing what it calls "smart wallet" technology to be installed in its automobiles. This would reward Jaguar car drivers with IOTA coins for actions such as enabling their vehicles to automatically report useful data, such as traffic congestion or potholes to navigation providers or local authorities.

World's largest plane takes flight, can air-launch rockets into space

Saturday's flight, which saw the plane reach a maximum speed of 189 miles per hour and altitudes of 17,000 feet, was meant to test its performance and handling qualities.Image Credit: twitter.com/Stratolaunch

Virgin Atlantic reveals stunning design for its brand new Airbus A350

Virgin Atlantic reveals stunning design for its brand new Airbus A350

Virgin Atlantic, a British airline, has revealed the newly-designed cabins on its long-awaited Airbus A350-1000 aircraft naming the first A350 as Red Velvet.Here are the details you need to know about A350.

Burger King goes... vegan? The meatless Whopper is here

Burger King goes... vegan? The meatless Whopper is here

Consumers are looking at different ways to enjoy and balance their protein intake and lower the environmental footprint of their diets.The trend is reflected in so-called "flexitarianism" -- a plant-based diet with the occasional inclusion of meat -- and veganism, which means the abstention from consumption of any animal products including dairy.A vegan diet has major health benefits, reducing risks of diabetes and heart problems, but some health professionals say that vegans run the risk of not consuming enough of certain nutrients like protein and iron.

Airbus to scrap production of A380 superjumbo

Airbus to scrap production of A380 superjumbo

Europe's Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales.

A first class gaffe: Cathay Pacific to honour cheap ticket error

A first class gaffe: Cathay Pacific to honour cheap ticket error

It took two days for Cathay to publicly acknowledge the error with the airline on Wednesday saying it would indeed honour the cheap fares."We made a mistake but we look forward to welcoming you on board with your ticket issued," the airline said on Twitter, calling the mistake a "VERY good surprise 'special' on New Year's Day".A spokesperson for Cathay declined to say how many tickets were sold at the discounted price.

Arrested again: What are the new allegations against Nissan's Carlos Ghosn?

Arrested again: What are the new allegations against Nissan's Carlos Ghosn?

Aggravated breach of trust is when a company director or officer violates his or her legal duty for the purpose of self-interest or that of a third party in a way that causes financial harm to the company.In this case, prosecutors say Ghosn is suspected of shifting personal investment losses of about 1.85 billion yen ($16.6 million) to Nissan Motor Co Ltd around October 2008.If Ghosn is formally charged on this count, prosecutors would need to prove that he had intended to cause a loss to Nissan and/or intended to benefit personally from the action, said Shin Ushijima, an attorney and former prosecutor.

Bombardier's Global 7500: First business jet to have queen-sized bed & hot shower

Bombardier's Global 7500: First business jet to have queen-sized bed & hot shower

Canada's Bombardier Inc will deliver its first Global 7500 corporate jet, premiering a full-sized bed and optional en-suite shower, in a challenge to US planemaker Gulfstream at the top of the luxury jet market.Image Credit: https://www.bombardier.com

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