Business

Facebook's Libra Cryptocurrency Sparks New Privacy Concerns

He said the new cryptocurrency would give Facebook competitive advantages with regard to collecting data about financial transactions, as well as control over fees and functionality. On Tuesday , a Facebook representative said the company looked forward to answering lawmaker questions. Apart from Brown, US Senator and Chair of the Senate Banking Committee Mike Crapo too had written an open letter to Facebook CEO Mark Zuckerberg last month questioning about the working of the ...

Business

Dollar on defensive after Federal Reserve signals readiness to cut rates

The Fed also removed a reference to being "patient" about adjusting rates. For the central bank it provides room for them to keep interest rates above zero and, therefore, be able to react to a downturn with interest rates cuts alone. That was not enough to change the median outlook for the Fed's targeted overnight lending rate, which officials projected to remain in a range between 2.25 percent and 2.50 percent for the rest of this year.

Business

Apple considers moving 15 to 30% of production capacity from China: Nikkei

Nikkei said the countries being considered include Mexico, India, Vietnam, Indonesia and Malaysia, with India and Vietnam are among the favorites for smartphone. The company designs and sells most of its products in the USA, but imports them from China after assembly. That said, with this new move from Apple to make its products get manufactured outside China would indeed help our country, wherein the current manufacturing units are reasonably small when compared to China.

Business

Apple warns of MacBook Pro fire risk

Apple today announced a voluntary recall of a limited number of older generation 15-inch MacBook Pro units which contain a battery that may overheat and pose a safety risk. The affected laptops can be identified by their serial number, Apple said. If you have that model, enter your computer's serial number below to see if it is eligible for this program.

Business

Oil prices little changed despite USA crude stock draw

Oil rebounded from earlier losses as record US gasoline consumption in the USA and a steep drop in crude inventories supplies eased concerns about tepid demand . Some of the markets members are also waiting for the meeting. Fears of a confrontation between Iran and the United States have mounted, with Washington blaming Tehran for the tanker attacks and Tehran denying any role.

Business

Trump Says Shooting Of US Drone By Iran is "Very Big Mistake"

Trump also said the United States has documented that its drone was in worldwide waters, not in Iranian territory, as Tehran has said. Separately, Saudi Arabia said on Thursday that Yemen's Iranian-allied Houthi rebels launched a rocket targeting a desalination plant in the kingdom the previous night.


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