Apple has seen a sharp year-over-year increase in the number US government demands for customer data. It’s the company’s first biannual report this year covering how many demands were made from global law enforcement and intelligence agencies, including the US government, for data the company stores. Apple was embroiled in a legal battle with the FBI earlier this year over locked iPhones. Read more. Apple said it […]
Investors bought firmly into the view that a diverging outlook for interest rates is the key driver for the euro in the wake of the European Central Bank’s extension of quantitative easing, leaving the single currency nursing its biggest one-day drop against the dollar since the UK’s vote to leave the EU. After a knee-jerk 1 per cent leap up in the euro as headlines flashed that […]
Major U.S. stock indexes climbed again on Thursday and set fresh record highs as a month-long rally following the presidential election of Donald Trump rolled on. Investors have driven up equities since Trump’s Nov. 8 election over optimism about domestic economic stimulus and reduced corporate taxes and regulations. Supporting the upbeat sentiment on Thursday was a report that showed the number of Americans filing for unemployment benefits […]
For emerging markets, fears over the election of Donald Trump have yet to fully materialise. The prevailing view, says Ousmene Mandeng of EM investment fund New Sparta Asset Management, is that a Trump presidency is “negative for emerging markets”. Investors could foresee some benefit from a supply-side US boom that adds to world aggregate demand — but a less co-operative, protectionist US will have a structural negative […]
Mark Katches has spent his career battling one of the cruel realities of journalism: Hard-hitting and important investigative reporting rarely creates the kind of online buzz that a good cat video does. “I have been involved in Pulitzer Prize winning projects that were getting 20,000 pageviews,” Katches, the editor of the Oregonian, told Poynter. So when his team discovered that National Guard armories around the country are […]
Law Blog rounds up the morning’s legal news: Recount rejection: A federal judge who ordered Michigan to begin its recount effectively ended it Wednesday, tying his decision to a state court ruling that found Green Party presidential candidate Jill Stein lacked legal standing. [AP, Detroit News] Michael Jordan wins in China: China’s Supreme People’s Court ruled largely […] (via WSJ)
By Ginger Gibson | WASHINGTON WASHINGTON The chances that the federal government could hand off the U.S. air traffic control system to private management are increasing, say advocates who report they are getting supportive feedback from President-elect Donald Trump and his team. U.S. Rep. Bill Shuster, who chairs the House of Representatives Transportation Committee, has met with Trump and incoming Transportation Secretary Elaine Chao to make his […]
By Christopher Johnson | LONDON LONDON Oil prices steadied around $50 a barrel on Thursday, close to the week’s lows, on doubts proposed OPEC production cuts would be sufficient to balance the market, although a weaker dollar supported sentiment. North Sea Brent crude was up 25 cents at $53.25 a barrel by 0940 GMT. U.S. light crude was up 20 cents at $49.97 a barrel. Both benchmarks […]
SYDNEY Asian shares hustled to one-month highs on Thursday after Wall Street strode to another record, while bonds rallied on wagers the European Central Bank would extend its stimulus campaign at a policy meeting later in the session. Risk appetite got an extra boost when China reported upbeat trade figures with exports and imports both beating forecasts. Resource imports were very strong, a major reason prices for […]
By Anthony Boadle | BRASILIA BRASILIA Brazil’s Supreme Court on Wednesday overturned an injunction that ordered the indicted head of the Senate, Renan Calheiros, to step down, voting to allow him to continue in the post but not in the presidential line of succession. The 6-3 ruling defuses a clash between the top court and the Senate that threatened to derail spending cuts at the centre of […]
News stories are released on weekdays. 2 hours ago Vatican confirms ban on homosexual candidates for priesthood The Vatican has confirmed that homosexual men should not be ordained to the priesthood. In a new instruction for the training of seminarians, entitled The Gift of the Priestly Vocation, the Congregation for the Clergy says that the Church “cannot admit to the seminary or to holy orders those […]
By Steve Holland | WASHINGTON WASHINGTON U.S. President-elect Donald Trump said on Wednesday he will nominate professional wrestling magnate and former Senate candidate Linda McMahon as his choice to head the Small Business Administration. Trump’s announcement said McMahon would be a key player in his effort to generate stronger job growth and roll back federal regulations. McMahon, 68, is a co-founder and former CEO of the professional […]
Second Amendment advocates are challenging New York’s ban on stun guns in a lawsuit asserting a constitutional right to possess Tasers. The suit, filed in federal court in Albany, is the latest case seeking recognition for the right to bear “electronic arms.” New York is one of several states banning individuals from possessing stun guns, which […] (via WSJ)
A line of Audi A4 cars are parked before a demonstration of Audi’s vehicle-to-infrastructure technology Tuesday, Dec. 6, 2016, in Las Vegas. The technology allows vehicles to “read” red lights ahead and tell the driver how long it’ll be before the signal turns green. For the driver, the system puts a traffic signal icon on the dashboard telling how many seconds the light will remain red. (AP […]
Attorney Peter Smith, research editor for the Center, has filed all 17 lawsuits for the Center, ten of which the Center either won or settled. In response to these lawsuits, federal agencies have disclosed records involving government contracts related to Iraq and Afghanistan, George W. Bush’s initiative to fight AIDS in foreign countries, and audits of the Medicare Advantage program. “The 17 represent just a small fraction of the thousands of […]
By Phil Stewart and Amy Tennery | WASHINGTON/NEW YORK WASHINGTON/NEW YORK U.S. President-elect Donald Trump urged the government on Tuesday to cancel an order with Boeing Co (BA.N) for a revamped Air Force One – a prominent symbol of the U.S. presidency – complaining that costs were out of control. It was the latest example of Trump using his podium, often via brief Twitter messages, to rattle […]
A big name in the antitrust world, Kevin Arquit, is on the move from Simpson Thacher & Bartlett LLP to Weil, Gotshal & Manges LLP, his new firm said Tuesday. Mr. Arquit, a former general counsel at the Federal Trade Commission and director of its bureau of competition, departs after 14 years at Simpson, where he led the New York firm’s competition practice. He’s expected to join Weil […]
By Lawrence Hurley | WASHINGTON WASHINGTON President Barack Obama’s legal defence of some key initiatives including his signature healthcare law is collapsing as courts put cases on hold until after President-elect Donald Trump, hostile to the policies, assumes office on Jan. 20. The pending conservative legal challenges could undo important elements of Obama’s presidential legacy if Trump, as expected, opts not to defend the Obama policies in […]
Wall Street climbed on Tuesday as telecom stalwarts AT&T and Verizon gained and bank shares added to their torrid post-election rally, helping the Dow set another record closing high. The S&P financial sector .SPSY rose nearly 1 percent, lifted by a 2.2 percent gain for Wells Fargo (WFC.N). The bank’s chief executive told an investor conference it will see a near-term profit hit because of the sharp […]
The US Supreme Court has thrown out a $399m patent damages award against Samsung to Apple, in a unanimous verdict in favour of the Korean electronics group. The five-year-old case between the two smartphone market leaders could now continue for much longer, after the justices ordered the lower Federal Circuit court of appeals to reconsider the basis upon which the damages were originally calculated. While the decision does not […]
Good morning. Here’s our daily summary of all the media news you need to know. Want to get this briefing in your inbox every morning? Subscribe here. It’s so quaint that politicians still get pissed at the press and utter some version of Mark Twain’s, “Never pick a fight with people who buy ink by the barrel.” That was underscored again Monday by Donald Trump, who tweeted, […]
A four-rotor “bunnycopter” developed at MIT’s Computer Science and Artificial Intelligence Laboratory features propellers at different heights. Credit: Jason Dorfman/MIT CSAIL This fall’s new Federal Aviation Administration regulations have made drone flight easier than ever for both companies and consumers. But what if the drones out on the market aren’t exactly what you want? A new system from MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) is […]
Last Updated On 06 December,2016 02:59 pm The apex court has adjourned case hearing till Wednesday. ISLAMABAD (Dunya news) – While hearing the Panama Papers case today (Tuesday), the Supreme Court of Pakistan raised three important questions: How did the Prime Minister’s children create their companies? Is Maryam Nawaz dependant on someone? And did the prime minister tell the truth in his statements? Salman Butt, the […]
Flat6Labs Abu Dhabi, a digital media accelerator supported by twofour54 Abu Dhabi, showcased eight new start-up companies during its third Demo Day. The Demo Day, held under the patronage of HE Noura Al Kaabi, Minister of State for Federal National Council Affairs of the UAE and Chairwoman of the Media Zone Authority-Abu Dhabi, and twofour54, took place during the UAE Innovation week. In addition to the diverse […]
