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US Formally Lifts Ban on China’s ZTE

The United States has formally lifted a crippling ban on exports to the Chinese telecommunications giant ZTE.  The Commerce Department said Friday that it had removed the ban after ZTE deposited $400 million in a U.S. bank escrow account as part of a settlement reached last month. ZTE has already …

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China’s US Trade Surplus Hits Record in June

China’s trade surplus with the United States swelled to a record in June as its overall exports grew at a solid pace, a result that could further inflame a bitter trade dispute with Washington. But signs exporters were rushing shipments before tariffs went into effect in the first week of …

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Technology Enhances Soccer Watching Experience

Football fans are watching the World Cup on multiple screens in bars, on their phones while they should be working, on TVs at home with their friends. One day, they could be following the action in 3D. Researchers at the University of Washington are developing a way to watch soccer …

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Technology Enhances Soccer Watching Experience

Football fans are watching the World Cup on multiple screens in bars, on their phones while they should be working, on TVs at home with their friends. One day, they could be following the action in 3D. Researchers at the University of Washington are developing a way to watch soccer …

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Turkey’s Economic Policy Stokes Currency Fears as Lira Plummets

The Turkish lira recovered some losses Thursday hours after it hit record lows. New Treasury and  Finance Minister Berat Albayrak, President Recep Tayyip Erdogan’s son-in-law, sought to reassure nervous markets that the central bank’s independence was not in question. The wild currency gyrations following Albayrak’s appointment underscore concerns over what …

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US Inflation Steadily Firming; Labor Market Strong

U.S. consumer prices barely rose in June, but the underlying trend continued to point to a steady buildup of inflation pressures that could keep the Federal Reserve on a path of gradual interest rate increases. Other data on Thursday showed first-time applications for unemployment benefits dropped to a two-month low …

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In Purge, Twitter Removing ‘Suspicious’ Followers

Social networking platform Twitter announced Wednesday it will be removing accounts it had deemed suspicious from user’s follower counts, as part of a recent push to promote accuracy on the website. This could reduce the number of “followers” of some of the website’s most popular users, including politicians and celebrities. …

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In Purge, Twitter Removing ‘Suspicious’ Followers

Social networking platform Twitter announced Wednesday it will be removing accounts it had deemed suspicious from user’s follower counts, as part of a recent push to promote accuracy on the website. This could reduce the number of “followers” of some of the website’s most popular users, including politicians and celebrities. …

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