Business

Oil prices fall on surging USA crude stockpiles, economic concerns

World shares made it four days in the red in the last five as concerns grew the China-U.S. trade conflict was fast turning into a technology cold war between the world's two largest economies. A shale boom has helped make the United States the biggest oil producer in the world, ahead of Saudi Arabia and Russian Federation. The last data of the week from the USA showed that the total number of active oil rigs dropped to 797 last week from 802.

Business

China slams USA 'bullying' as firms step away from Huawei

The company is placing its hopes on the ending to the US-China trade war very soon. Its move came a day after British chip designer ARM said it had halted relations with Huawei to comply with the United States supply blockade, potentially crippling the Chinese firm's ability to make new chips for smartphones.

Business

62k pounds of raw beef products recalled due to E. coli risk

Officials say the raw beef products were packaged on April 19, 2019. Aurora Packing discovered the issue during traceback activities related to random testing. According to the USDA, symptoms of E. coli include dehydration, bloody diarrhea and abdominal cramps two to eight days after exposure. Most people can recover within a week, but children under five and older adults can develop a kidney failure called hemolytic uremic syndrome (HUS).

Business

Ireland Is Investigating Google Over "Suspected Infringement" of GDPR

Last year, the European Union adopted the General Data Protection Regulation ( GDPR ) created to boost privacy rights in the union. If Google is found to have violated the GDPR, it could be fined as much as $5.52 billion based on the company's 2018 global revenue of $138 billion.

Business

Watch Ford's two-legged robot walk packages to your door

Called Digit , the robot is two-legged machine which looks similar to Boston Dynamics' creations , and was built in collaboration with Agility Robotics. Being bipedal, Digit walks in a similar fashion to a human, and can even navigate stairs if necessary. So it may not be long until a Ford robot walks up to your door and rings your doorbell.

Business

Japanese mobile carriers postpone sales of new Huawei smartphones

He said that Huawei had a long-term agreement with ARM and speculated that the British firm had made such a move because its parent, Japan's SoftBank was waiting for USA approval for the merger of Sprint, which it owns, and T-Mobile. EE and Vodafone spokespersons told Mobile News they will pause the launch of 5G smartphones: the Huawei Mate 20 X 5G and the foldable Mate X. The United States temporarily eased the restrictions on Huawei on Monday, to minimize disruption for customers.


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