The seriousness with which U.S. President Donald Trump is viewing his intention to enforcing trade rules was exhibited by the U.S. governments’ new tariff averaging 20 percent on Canadian timber imports, said the Commerce Secretary Wilbur Ross. “The Trump administration has been much more focused on enforcement than had been true previously,” he said, taking a…
On the way to surpassing Ford Motor Co’s market value, many risks with the technology in his company’s cars was taken by Tesla Inc Chief Executive Elon Musk. Now in the factory that makes them, Musk is pushing boundaries. Once they deliver doors that fit, body panels with the right shape and dashboards that don’t…
The head of the biggest U.S. business lobby group said that by the middle of next year, a basic accord over reworking the North American Free Trade Agreement (NAFTA) would most likely be reached by the United States, Mexico and Canada. Pledging to ditch it if he could not rework terms in favor of the…
Investors, venture capitalists and regional start-ups gathered on the Indonesian island of Bali to discuss the future of tech in the world’s fourth most populous and the broader region, while U.S. Vice President Mike Pence visited Jakarta, Indonesia, this week to discuss bilateral trade issues as part of his 10-day trip to Asia. “What’s happening politically with…
Dominic Schnider, head of Asia-Pacific foreign exchange at UBS said in a TV interview that with further weakness likely ahead the dollar’s recent downdraft hasn’t ended. Trading as high as 100.47 in Asia trade, the dollar index, which measures the greenback against a basket of currencies, was trading as high as 100.47 in Asia trade. While…
An estimated $1.4 billion windfall and Elon Musk, the carmaker Tesla’s billionaire chief executive officer, is now separated by only six remaining milestones that still stand between them. According to a proxy statement filed on Thursday, Musk has achieved six of the 10 operational goals to date, up from five at this time last year.…
As part of a plan to stimulate an economy squeezed by low oil prices and spending cuts, Saudi Arabia Finance Minister, Mohammed Al-Jadaan said, that the country may offer “almost interest-free” loans to companies in labor-intensive industries. Al-Jadaan said in an interview on Thursday in Washington, where he’s attending International Monetary Fund and World Bank…
A day when people can control almost any piece of software with their voice is what Amazon.com Inc’s chief technology officer is working toward. CTO Werner Vogels said in an interview that to enable developers so they can build chat features into their own apps, the company on Wednesday rolled out the technology powering Alexa,…
There are allegations that Bose Corp violates the privacy rights pf the listeners and user by selling the information without permission, a lawsuit charged and the company spies on its wireless headphone customers by using an app that tracks the music, podcasts and other audio they listen to. An injunction to stop Bose’s “wholesale disregard”…
Despite withdrawing its ride-hailing service from Denmark and facing the possibility of an EU court ruling that could mean tougher rules for the firm, and Uber executive reportedly told the media that Uber Technologies sees opportunities to expand in the Europe Union. Before imposing other requirements that meant Uber could no longer operate there and…
