U.S. consumer spending increased steadily in August, supporting expectations of solid economic growth in the third quarter, while a measure of underlying inflation remained at the Federal Reserve’s 2 percent target for a fourth straight month. Economists said Friday’s report from the Commerce Department should allay fears of the economy …
Google Chief Executive Sundar Pichai has agreed to testify before the U.S. House Judiciary Committee later this year over Republican concerns that the company is biased against conservatives, a senior Republican said Friday. Republicans want to question Google, the search engine of Alphabet Inc, about whether its search algorithms are …
Tesla without Elon Musk at the wheel? To many of the electric car maker’s customers and investors, that would be unthinkable. But that’s what government securities regulators now want to see. The Securities and Exchange Commission has asked a federal court to oust Musk as Tesla’s chairman and chief executive …
The security breach Facebook announced Friday that affected 50 million users was a setback for the social media giant, which has been working for months to regain customers’ trust over how it handles their data. In addition to the 50 million users whose log-on information could have been accessed by …
VOA contributor Greta Van Susteren talks with Brad Smith, Microsoft’s President and Chief Legal Officer about the tech giant’s new Artificial Intelligence program. …
Italy’s stock market fell sharply Friday after the new populist, euroskeptic government announced a sharp public spending increase that will push the budget deficit to 2.4 percent of gross domestic product next year, risking a collision with the European Union. The benchmark FTSE MIB dropped 2.2 percent early Friday, hours …
Puerto Rico Gov. Ricardo Rossello flew to New York this week on a mission: convince potential tourists that the hurricane-ravaged island was ready for their return. But Puerto Rico’s recovery from last year’s Hurricane Maria has been a “mixed bag,” Rossello told Reuters on Thursday, acknowledging that the bankrupt U.S. territory, while improving, was far from …
U.S. securities regulators on Thursday accused Tesla Inc. Chief Executive Elon Musk of fraud and sought to ban him as an officer of a public company, saying he made a series of “false and misleading” tweets about potentially taking the electric car company private last month. Musk, 47, is one of the highest-profile tech …
The United States and Japan have agreed to begin negotiations on a bilateral free-trade agreement, reducing the prospect that Washington might impose tariffs against another trading partner. “We’ve agreed today to start trade negotiations between the United States and Japan,” U.S. President Donald Trump said at a summit with Japanese …
The ride-hailing service Uber has agreed to pay $148 million to settle claims that it concealed a massive data breach that exposed personal information of drivers and customers. In November 2016, Uber learned that hackers had accessed personal data of about 600,000 Uber drivers, including their driver’s license numbers. Hackers …
U.S. communications and social media titans are urging lawmakers to craft strong, uniform protections for Americans’ personal data without squashing innovation. The Senate Commerce Committee heard testimony Wednesday from Apple, Amazon.com, Google, Twitter, and AT&T executives at a time when data breaches are commonplace, many Americans are mystified or unaware …
Ford chief Jim Hackett on Wednesday ramped up his warnings about the tariffs imposed by President Donald Trump, saying his company was seeing profits slashed by $1 billion. Hackett said the global automaker could face more damage if the trade confrontations were not resolved quickly. “The metals tariffs took about …
Somalia’s finance minister says World Bank grants to the government are a sign the country has “trustable leadership” again after decades of chaos and corruption. The World Bank said Tuesday it will provide $80 million in grants to Somalia’s federal government, the bank’s first direct grants to a Somali central …
The U.N. Conference on Trade and Development warns the world economy remains fragile, one decade after the collapse of the U.S. financial titan Lehman Brothers triggered a global economic crisis. In its report Trade and Development Report 2018: Power, Platforms and the Free Trade Delusion, UNCTAD says the world economy …
The Trump administration is hoping Congress can come up with a new set of national rules governing how companies can use consumers’ data that finds a balance between “privacy and prosperity.” But it will be tricky to reconcile the concerns of privacy advocates who want people to have more control …
Trade conflicts, rising debt and the potential impact from rising interest rates in the U.S. will likely dampen growth in the coming year, the Asian Development Bank said Wednesday in an update of its regional economic outlook report. The Manila, Philippines-based regional lender said Wednesday that it expects economic growth …
Many materials change shape when exposed to heat, electricity or some other kind of energy. That change is usually random, but scientists are now learning how to direct that energy to turn the material into a predetermined shape. VOA’s George Putic visited a lab at Carnegie Mellon University in Pittsburgh …
After losing his job with a foreign food company in March, Alexander Costa surveyed Brazil’s anemic labor market and decided to start selling cheap lunches by the beach in Rio de Janeiro to try and provide for his young family. “I could have stayed home, looking for work, sending out …
When Kevin Systrom and Mike Krieger sold Instagram to Facebook in 2012, the photo-sharing startup’s fiercely loyal fans worried about what would happen to their beloved app under the social media giant’s wings. None of their worst fears materialized. But now that its founders have announced they are leaving in …
The Indian edition of dating app Tinder is testing a new feature which gives women an additional level of scrutiny before they allow men to start messaging conversations, with a view to rolling the function out globally. The “My Move” feature allows women to choose in their settings that only …
Music streaming services Spotify and Deezer joined European business and industry bodies in calling on EU regulators to take tougher action to curb what they say are the unfair practices of online platforms. EU governments are set in the coming weeks to come up with a joint position on a …
It’s drawing time at this suburban nursery school in Japan, but instead of crayons, tiny fingers are tapping on colors on iPad screens and taking selfies. Digital schooling has arrived in this nation long known for its zealous commitment to “three R’s” education. Coby Preschool, in a small town northeast …
The U.S. Justice Department said on Monday it will hold a “listening session” with officials from more than a dozen states on Tuesday to discuss consumer protection and the technology industry, an agency official said. The meeting, first announced on Sept. 5, was called by Attorney General Jeff Sessions to …
The co-founders of Instagram are resigning their positions with the social media company. Chief Executive Kevin Systrom said in a statement late Monday that he and Mike Krieger plan to leave the company in the next few weeks. Krieger is chief technical officer. They founded the photo-sharing app …
U.S. President Donald Trump and South Korean President Moon Jae-in signed a revised free trade agreement between the two countries Monday afternoon in New York, following their bilateral meeting on the sidelines of the United Nations General Assembly (UNGA). “I’m very excited about our new trade agreement,” Trump said during …
Iran’s currency has hit another record low against the dollar, six weeks before the United States is due to reimpose sanctions on Iranian oil exports that are Tehran’s main revenue source. The Bonbast.com website, which tracks Iran’s unofficial exchange rates, showed a new low of 16,000 tomans, or 160,000 rials, …