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US Central Bank Boosts Benchmark Interest Rate

The independent U.S. central bank raised borrowing rates Wednesday for the fourth time this year, dismissing President Donald Trump’s contention that policymakers ought not tinker with the country’s robust economy, the world’s largest.    The Federal Reserve board voted 10-0 after a two-day meeting to increase its benchmark short-term interest rate …

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DC Sues Facebook Over Cambridge Analytica’s Data Use

The attorney general for Washington, D.C., said Wednesday that the nation’s capital had sued Facebook over reports involving Cambridge Analytica’s use of data from the social media giant. “Facebook failed to protect the privacy of its users and deceived them about who had access to their data and how it was used,” Attorney General Karl …

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US, China Spar Over Trade at WTO

The United States and China blamed each other for the crisis in the world trading system during a two-day “trade policy review” of the United States at the World Trade Organization. The Chinese representative to the WTO, Hu Yingzhi, accused the United States of deforming the rules of world trade, …

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EU Gives US Two Months to Name Data Privacy Ombudsman

The European Union on Wednesday gave U.S. President Donald Trump two months to name an ombudsman to tackle EU citizens’ complaints under a data protection deal sealed by predecessor Barack Obama’s team. Brussels has previously sought assurances the Trump administration is committed to the deal to protect Europeans’ personal data …

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Mexico Budget Plan Races Past First Congressional Hurdle

The finance committee of Mexico’s lower house of Congress on Tuesday rapidly approved the revenue section of President Andres Manuel Lopez Obrador’s 2019 draft budget, auguring speedy passage in the legislature his party controls. Lopez Obrador’s leftist government only unveiled the budget proposal on Saturday night. It met with a …

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Grocery Store Using Unmanned Vehicles for Delivery

U.S. supermarket chain Kroger Co said on Tuesday it has started using unmanned autonomous vehicles to deliver groceries Scottsdale, Arizona in partnership with Silicon Valley startup Nuro. The delivery service follows a pilot program started by the companies in Scottsdale in August and involved Nuro’s R1, a custom unmanned vehicle. …

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Google to Spend $1 Billion on New Campus in New York

Alphabet’s Google is investing more than $1 billion on a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and create thousands of jobs. The 1.7 million-square-foot campus, called Google Hudson Square, will include leased properties at Hudson Street …

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Boeing Buying Stake in Brazil’s Embraer for $4.2 Billion

Boeing is buying a majority stake in Embraer’s commercial aircraft and services operations for $4.2 billion. The joint venture, announced Monday, gives Boeing 80 percent ownership of those operations, with Embraer owning the remaining stake. Boeing will have operational and management control of the company. Embraer will keep consent rights …

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HQ Trivia, Vine Co-Founder Found Dead

Colin Kroll, a tech executive who was a co-founder of the popular apps HQ Trivia and Vine, was found dead Sunday in New York. Police said officers found the 34-year-old unresponsive in his apartment after receiving a call asking them to go check on him. Medical examiners are working to …

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Project Recycles Human Urine as Fertilizer

Fertilizer is made of nutrients like nitrogen and phosphorus. Chemical fertilizers require huge amounts of energy to produce. But there are other, natural and more readily available sources. A project at the University of Michigan is aimed at making our water cleaner and our agriculture more sustainable by capturing one …

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