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Daily Archives : 09/05/2018

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 A New York hedge fund founder was arrested Wednesday on charges that he exaggerated his company’s performance by over $200 million to impress and preserve investors. Anilesh Ahuja, 49, of Manhattan, was charged with conspiracy, securities fraud and wire fraud. Federal officials said that the founder, chief executive officer and…

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Saudi Arabia is monitoring the impact of the U.S. withdrawal from the Iran nuclear deal on oil supplies and is ready to offset any shortage but it will not act alone to fill the gap, an OPEC source familiar with the kingdom’s oil thinking said. U.S. President Donald Trump on…

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Amazon.com Inc on Wednesday said it has set up model “smart” homes across the United States for shoppers to experience what it’s like for voice aide Alexa to dim the lights, turn on the TV or order more laundry detergent. The rollout underscores how Amazon aims to make Alexa and…

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Silicon Valley — the U.S. hub of technology– is getting so expensive that tech workers are struggling to get by, and start up companies are questioning whether to locate there. One city thousands of kilometers away is ready to welcome tech companies with an experienced workforce in hopes of becoming…

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A United Nations agency said on Tuesday an “unjust” U.S. financial and trade embargo on Cuba had cost the country’s economy $130 billion over nearly six decades, coming up with the same estimate as the island’s communist government. Although many U.S. allies join Washington in criticizing Cuba’s one-party system and…

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President Donald Trump will allow year-round sales of renewable fuel with blends of 15 percent ethanol as part of an emerging deal to make changes to the federal ethanol mandate.   Republican senators and the White House announced the deal Tuesday after a closed-door meeting, the latest in a series…

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With the threat of tariffs and counter-tariffs between Washington and Beijing looming, Chinese buyers are canceling orders for U.S. soybeans, a trend that could deal a blow to American farmers if it continues. At the same time, farmers in China are being encouraged to plant more soy, apparently to help make…

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A digital rights organization has asked congressional leaders for help in persuading Google and Amazon to support a technology that people in authoritarian countries use to get around censorship controls worldwide. In a letter sent this week, Access Now, which is based in New York, sought to put pressure on Google…

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GoDaddy has pulled the plug on another online peddler of violence. The popular internet registration service last week shut down altright.com, a website created by white nationalist leader Richard Spencer and popular with many in the so-called alt-right movement. The takedown is the latest example of how companies like GoDaddy…

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Uber Technologies said Tuesday that it would work with the U.S. Army to advance research on a novel, quiet aircraft rotor technology that could be used in future flying cars, or military aircraft. The alliance highlights stepped-up efforts by Uber and other companies to transform flying cars from a science…

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