newszine

Wall St. drops as tech stocks tumble on Huawei fallout fears

49 mins ago DieselGasoil Comments Off on Wall St. drops as tech stocks tumble on Huawei fallout fears
(Reuters) – U.S. stocks fell on Monday, as a crackdown on China’s Huawei Technologies raised concerns of a bigger impact on chipmakers and added to fears of an escalation in trade war between the two nations. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. Read More

Net neutrality supporter sentenced for death threats to FCC Chairman Pai

2 days ago DieselGasoil Comments Off on Net neutrality supporter sentenced for death threats to FCC Chairman Pai
WASHINGTON (Reuters) – A California man was sentenced to 20 months in prison on Friday after pleading guilty for threatening to kill the family of U.S. Federal Communications Commission Chairman Ajit Pai over the regulator’s successful effort to repeal net neutrality rules. The Justice Department said Markara Man, 33, of Norwalk, California, sent the email Read More

Italy’s antitrust watchdog to probe Google over abuse of market dominance

3 days ago DieselGasoil Comments Off on Italy’s antitrust watchdog to probe Google over abuse of market dominance
Italy has joined a growing list of nations to challenge US tech giant Google in connection with alleged abuse of the corporation’s market power in the smart device sector. The Italian Antitrust Authority said it launched an investigation into antitrust practices. According to a statement, the move comes after Google refused to integrate the application Read More

BP faces investor push to beef up fight against climate change

3 days ago DieselGasoil Comments Off on BP faces investor push to beef up fight against climate change
LONDON (Reuters) – BP will face pressure at a meeting next week to set tougher targets to combat climate change, the latest signal from investors that they want the oil and gas industry to do more to clean up its act. FILE PHOTO: A BP logo is seen at a petrol station in London, Britain Read More

Boeing completes 737 MAX software update, working on pilot training plan

4 days ago DieselGasoil Comments Off on Boeing completes 737 MAX software update, working on pilot training plan
(Reuters) – Boeing Co said on Thursday it had completed a software update for its 737 MAX jets, which have been grounded worldwide since March after they were involved in two fatal crashes. FILE PHOTO: An aerial photo shows Boeing 737 MAX airplanes parked at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. Read More

Explainer: Why Zimbabwe faces worst power cuts in three years

4 days ago DieselGasoil Comments Off on Explainer: Why Zimbabwe faces worst power cuts in three years
HARARE (Reuters) – Zimbabwe is experiencing its worst power cuts in three years, lasting up to 10 hours daily in some areas and threatening mining output in one of the world’s biggest platinum and gold producers. FILE PHOTO: Student Rutendo Madziva reads by candlelight during an electrical power cut in Marondera, Zimbabwe, May 14, 2019. Read More

U.S. bank regulator will vet next Wells Fargo CEO

5 days ago DieselGasoil Comments Off on U.S. bank regulator will vet next Wells Fargo CEO
WASHINGTON (Reuters) – A top U.S. bank regulator said on Wednesday it will vet Wells Fargo & Co’s pick for its next chief executive, a development that could complicate the scandal-hit lender’s efforts to find a permanent replacement for CEO Tim Sloan. A Wells Fargo logo is seen in New York City, U.S. January 10, Read More

UK energy network firms rattled by Labour state ownership plan

5 days ago DieselGasoil Comments Off on UK energy network firms rattled by Labour state ownership plan
LONDON (Reuters) – Britain’s opposition Labour Party intends to take energy networks back into state ownership if elected, prompting infrastructure owners to warn of damage to investment, high taxpayer costs and a slower transition to green energy. FILE PHOTO: Workers paint an electricity pylon near Lymm, northern England February 18, 2015.REUTERS/Phil Noble/File Photo Labour’s shadow Read More

National Grid says state ownership would delay UK’s move to green energy

5 days ago DieselGasoil Comments Off on National Grid says state ownership would delay UK’s move to green energy
(Reuters) – A plan by Britain’s opposition Labour party to take the country’s energy networks back into state ownership would damage investment and delay the move to greener energy sources, National Grid said on Wednesday. FILE PHOTO: Workers paint an electricity pylon near Lymm, northern England February 18, 2015.REUTERS/Phil Noble/File Photo “At a time when Read More

Russia boosting gold & dumping dollar from foreign currency reserves

5 days ago DieselGasoil Comments Off on Russia boosting gold & dumping dollar from foreign currency reserves
The Central Bank of Russia reports that foreign exchange reserves saw a significant boost of nearly $3.3 billion in April as the country pursues a policy of increasing its forex funds and diversifying them away from the US dollar. The latest growth of 0.7 percent brought Russian international reserve funds to nearly $492 billion against Read More