businessNews

AT&T reveals three more cities for 5G launch by end of year

AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5G, by the end of the year.

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technologyNews

AT&T reveals three more cities for 5G launch by end of year

AT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5G, by the end of the year.

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businessNews

Japan Inc to chase casino stakes as key law passes: industry insiders

Japanese firms are likely to pursue stakes in the country’s first casino resorts, after parliament on Friday enacted a law smoothing the way for large-scale gambling – a business expected to generate billions of dollars in revenue.

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Baker Hughes reports slight profit miss, delivers upbeat outlook

General Electric Co’s oilfield services arm Baker Hughes on Friday reported a slight profit miss on weaker sales in its oilfield equipment and turbomachinery businesses, sending the company’s shares down 2.4 percent.

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US dollar falls as Trump accuses ‘China, European Union and others’ of manipulating their currencies

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4 powerful weapons China has in its arsenal to win the US-China trade war

China has powerful non-tariff measures it can use to crush America  from cashing out its $1 trillion hoard of U.S. Treasury bonds to devaluing the yuan. These are measures that could destabilize the U.S. economy.

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Hyundai Motor reaches a tentative wage deal with South Korean union

Hyundai Motor on Friday reached a tentative wage deal with its South Korean labour union, a company spokesperson said.

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technologyNews

GE beats diminished profit expectations, trims cash flow target

U.S. industrial conglomerate General Electric Co reported a smaller-than-expected drop in quarterly profit on Friday as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.

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Stocks falter on yuan slide, new tariff threat

Global markets stalled on Friday after a U.S. threat to slap $500 billion of trade tariffs on China and more yuan weakness, with the dollar slipping and one major benchmark of world equities ekeing out limited gains.

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Merkel vows to stay in job, work at ‘under pressure’ US relationship

The German chancellor described her country’s relationship with the U.S. as “crucial.”

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businessNews

Microsoft soars past $800 billion in value after bumper results

Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

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technologyNews

Microsoft soars past $800 billion in value after bumper results

Shares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.

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Google’s Loon to bring 4G to remote areas of Kenya – via balloon

Alphabet’s Loon is to bring 4G internet access to parts of Kenya using high-altitude balloons.

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businessNews

GE beats diminished profit expectations, trims cash flow target

U.S. industrial conglomerate General Electric Co reported a smaller-than-expected drop in quarterly profit on Friday as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.

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IDG Contributor Network: The promise of the revolutionary rumored Microsoft Andromeda tablet

[Disclosure: Microsoft is a client of the author]Back in 2009, Microsoft showcased a skunk works project called the Courier tablet. What was kind of amazing to me at the time was that this tablet was generally positively received externally…but insi…

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Man who retired at 35: Saving money won’t make you rich—here’s what will

Changing up expensive habits only goes so far.

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Photography

The Pain and Potential of Making a 180-Degree Policy Shift

Photo-hosting service Photobucket in May quietly restored third-party hosting of photos, reversing its unpopular year-old policy that required users to pay nearly $400 for hosting privileges. Many irate users claimed their photos were “taken hostage.” Hosted photos on blogs, forums and other sites were replaced by an image of a dial indicating the hosted data quota had been surpassed.

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businessNews

Stock futures turn lower as Trump comments fan trade war fears

U.S. stock index futures fell on Friday after President Donald Trump toughened his stance against China and said he was ready to impose levies on $500 billion worth of goods from the Asian nation.

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businessNews

Trump threatens tariffs on $500 billion of Chinese imports: CNBC

U.S. President Donald Trump said he was ready to impose tariffs on an additional $500 billion of imports from China, threatening to escalate the current trade clash with the Asian nation and sending financial markets downward.

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businessNews

Luxembourg police deploy Tesla cars to help nab criminals

Police in Luxembourg have added two Tesla electric cars to their fleet, hoping that their rapid acceleration capacity will help them nab more criminals and speed offenders while also trimming the tiny country’s carbon emissions.

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technologyNews

India’s Wipro first quarter profit beats estimates

India’s Wipro Ltd beat first-quarter profit expectations on Friday buoyed by higher Banking, Financial Services and Insurance (BFSI) revenue.

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businessNews

HSBC account freezes still hurting customers, a year on

After a year laying the groundwork for his Karachi-based clothing company’s expansion to Europe, businessman Abdul Aziz was poised to start delivery to British shops such as TK MAXX.

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White House adviser: China offering ‘no options’ on trade: Axios

White House economic adviser Larry Kudlow blamed Chinese President Xi Jinping for a lack of progress over U.S-China trade talks, and warned that U.S. President Donald Trump was “not going to let go” of the issue, Axios reported on Friday.

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technologyNews

GE quarterly profit drops 28 percent; cash flow target trimmed

U.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.

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businessNews

Baker Hughes revenue misses on lower demand for oilfield equipment

Oilfield services provider Baker Hughes, controlled by GE, on Friday reported lower-than-expected quarterly revenue as demand for its equipment fell.

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Japanese tech giant Fujitsu commits to 100 percent renewable electricity

Fujitsu has big plans when it comes to sustainability and the environment. 

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businessNews

IT firm Wipro to buy U.S.-based Alight’s India ops for $117 million

India’s third-biggest software services exporter, Wipro Ltd , said on Friday it would buy U.S.-based Alight Solutions’ India operations for $117 million in cash.

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businessNews

GE quarterly profit drops 28 percent; cash flow target trimmed

U.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in its power and renewables businesses offset gains in its aviation, oil and gas and healthcare units.

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businessNews

Honeywell profit beats on higher demand for aircraft parts

Honeywell on Friday reported a higher-than-expected quarterly profit as it sold more aircraft parts and services to business jet and commercial airline customers, prompting the company to raise its 2018 earnings forecast for the third time.

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businessNews

U.S., euro zone growth readings to tell story of divergence

The U.S. and euro zone economies remain a world apart and growth data due in the coming days will only highlight the widening gap, suggesting that monetary policy will continue to move in opposing directions on the two sides of the Atlantic.

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