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Company executives have not commented publicly on the China project, code named Dragonfly . The letter's contents were confirmed by a Google employee who helped organise it but who requested anonymity. Search terms about human rights, democracy , religion and peaceful protests will be among the words blacklisted in the search engine app, which The Intercept said had already been demonstrated to the Chinese government.
  • Tragic Italian Bridge Collapse Footage And How It Could Have Been Prevented

    Tragic Italian Bridge Collapse Footage And How It Could Have Been Prevented

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    Images from the scene showed a mangled mass of buckled vehicles and slabs of bitumen torn up as the bridge, built in the late 1960s, came tumbling down. Former Cagliari goalkeeper Davide Capello was one of the survivors and fell around 30 metres with his vehicle. Genoa's Mayor Marco Bucci told CNN that the bridge collapse was "not absolutely unexpected", but said that he didn't know the reason as to why, nor was he aware of the renovations.
  • Court rejects appeal for American pastor's release from detention, Turkish media says

    Court rejects appeal for American pastor's release from detention, Turkish media says

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    The BBC Turkey correspondent Mark Lowen said Mr Erdogan's boycott could stoke tensions with the USA further - and Turks are waiting nervously for Mr Trump's response. They get revenues in lira , which are worth less and less, but must repay loans in dollars or euros. In essence, investors have lost faith in the current economic policies of the Turkish government, anxious that a continued weakening of the economy will cause Turkish borrowers to struggle to repay their foreign debts.
  • Tesla CEO Musk taunts short sellers amid legal scrutiny

    Tesla CEO Musk taunts short sellers amid legal scrutiny

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    And if that's true, then Musk violated U.S. securities laws, which prohibit a CEO from spreading false or misleading information about a company in order to manipulate its stock price. In the letter , Einhorn questioned Tesla investors, saying shareholders seemed to be backing the long-term growth of the company while Tesla appears to be focusing on "very short-term goals".
  • Lira crisis: Turkey to boycott USA electronic goods over sanctions

    Lira crisis: Turkey to boycott USA electronic goods over sanctions

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    Turkish President Recep Tayyip Erdogan this morning claimed the country was under economic "siege", accusing the United States of trying to "stab it in the back". United States political and economic pressures helped push Turkish over the brink, but exchange-rate related downward pressure on the lira has been going on for many months.
  • Ryanair pilot strike grounds 400 flights across Europe

    Ryanair pilot strike grounds 400 flights across Europe

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    The airline expected the travel plans of 42,000 travellers to be hit by the action in Germany alone, with the majority of passengers switched to another Ryanair flight and the remainder either refunded or rerouted. Staff claim this creates huge insecurity for them, blocking their access to state benefits in their country. He said they earn up to €190,000 (£170,000), which was more than their peers at budget rival Eurowings made.
  • Stolen Alaska Airlines plane crashes near Sea-Tac International Airport

    Stolen Alaska Airlines plane crashes near Sea-Tac International Airport

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    The plane crashed on Ketron Island, which had 17 inhabitants, per the 2010 Census, and 10 families. It also said "this was not a terrorist incident". Video from the scene shows the plane , which had no passengers on board, fly upside down while being tracked by fighter jets. We'll move quickly to correct the record and we'll only point to the best information we have at the time.
  • Energy executives lament Trump tariffs as costs rise on pipeline projects

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    Trump and Erdogan have discussed Brunson's imprisonment "on several occasions", White House spokesman Sarah Sanders said at the time , adding that Trump is "not happy with Turkey's decision not to release" the pastor. Turkey answered the March tariff announcement by placing its own tariffs on $267 million of US goods. Turkey fears the fine on Halkbank - a small player by global standards - could follow the precedent of the hefty USA treasury fines levied on German and Swiss banks for ...
  • China to impose additional tariffs on $16B worth of USA goods

    China to impose additional tariffs on $16B worth of USA goods

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    It represents the latest salvo in the ever-expanding trade war between the U.S. and China . China's exports surged more than expected in July despite USA duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramp up a bitter dispute that some fear could derail global growth.
  • Tesla stock jumps 10% after trading halt

    Tesla stock jumps 10% after trading halt

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    Analysis: will the Model 3 make or break Tesla? Unlike publicly listed companies, private firms do not have to share details of their finances and operations. "Am considering taking Tesla private at $420". "He originally brought Tesla public in 2010 , given he could no longer personally finance its growth, and has continually expressed his frustration with the company being public".
  • Iranians protest as U.S. reimposes sanctions

    Iranians protest as U.S. reimposes sanctions

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    German authorities have been examining the request for weeks, and the U.S. has made clear its concerns about potential terrorist financing and money-laundering. Later in the year, on November 4, all countries must stop importing Iranian oil or they, themselves, will face financial punishment from Washington .
  • July Jobs Report: Payrolls Rise 157,000 and Unemployment Rate Drops to 3.9%

    July Jobs Report: Payrolls Rise 157,000 and Unemployment Rate Drops to 3.9%

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    Despite many businesses' trouble finding qualified workers, they are still hiring and looking outside traditional pools for talent. "Congress and the administration have taken important steps in recent weeks to tackle this challenge, but this jobs report is a reminder that more work needs to be done through partnerships with the private sector to solve the workforce crisis", she said.
  • Podcast | All you need to know about the RBI rate hike

    Podcast | All you need to know about the RBI rate hike

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    In its last revision, on August 2, 2017, rates were cut by 25 basis points to 6 per cent. Meanwhile, reverse repo , the rate at which the central bank borrows money from commercial banks within the country, was adjusted to 6.25 per cent and the marginal standing facility (MSF) rate and the Bank Rate to 6.75 per cent.
  • Tesla expects to hit 6,000/week Model 3 production rate

    Tesla expects to hit 6,000/week Model 3 production rate

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    It expects to build a total of up to 55,000 Model 3s in the third quarter, which works out to an average weekly rate of 4,230, at a roughly 15 percent gross margin, rising to 20 percent in the fourth quarter. Musk and CFO Deepak Ahuja admitted that even production of the vehicle was plagued with problems; Tesla launched a new production line in a massive tent, shuffled its worker base, and worked round the clock to hit the 5,000-Model 3s-a-week target.
  • Apple shares soar in after-hours trade as earnings beat expectations

    Apple shares soar in after-hours trade as earnings beat expectations

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    Shares rose 3.4 percent to $196.80 in after-hours trade. Apple's Mac unit, which has been drawing complaints from consumers, reported a 5 percent drop in sales. Samsung's Galaxy Note 9 launch , slated for next month, reportedly had to be sped up because of the tepid S9 sales. Other potential tariffs on the horizon could, though, and Cook said he was "optimistic that the countries will get through this" and that Apple is "hoping that calm has prevailed".
  • Harley-Davidson Developing Motorcycles For Indian Roads

    Harley-Davidson Developing Motorcycles For Indian Roads

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    This will help the company price the bike competitively. Harley, known for its car-alarm triggering engine rumble, will roll out an electric motorcycle called LiveWire next year, with no clutch and no gears. Last year, Bajaj Auto and British motorcycle maker Triumph Motorcycles announced their plans to make mid-capacity motorcycles. The announcement by Harley comes after three consecutive years of declining sales in India.
  • Automaker shares surge after Trump puts tariffs on hold

    Automaker shares surge after Trump puts tariffs on hold

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    Juncker said the European Union "can import more soybeans from the US, and it will be done". More: Foe or frenemy? "It's progress. To have the temperature lowered with our European trading partners and allies is smart". Germany's VDA auto industry association called the meeting "a big step forward" and "good news for industry and consumers on both sides of the Atlantic".
  • US, EU to 'immediately resolve' steel, aluminum tariffs: Mnuchin

    US, EU to 'immediately resolve' steel, aluminum tariffs: Mnuchin

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    The measures are part of Trump's "America First" promise to win back manufacturing jobs lost to overseas competitors. On July 24, the Department of Agriculture announced a plan to give $12 billion in aid to USA farmers hit by retaliatory worldwide tariffs on American produce, grain and meat exports.
  • Twitter stock tanks after second-quarter results

    Twitter stock tanks after second-quarter results

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    Shares in Twitter slumped 16 percent in pre-opening trades in a market jittery following a weak outlook from social network leader Facebook . But the markets were jittery ahead of Friday's report after rival Facebook spooked investors by warning of slowing sales growth in the second half of the year as it focuses on " putting privacy first ".
  • Facebook loses $130 bn in just two hour, Zuckerberg $17 bn

    Facebook loses $130 bn in just two hour, Zuckerberg $17 bn

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    More disconcertingly for analysts and investors, though, company officials warned on the call that its annual growth rate would decline by the high single digits, percentage wise, in the second half of the year. According to the company, Facebook Messenger and WhatsApp show promise as new advertising platforms, although chief operating officer Sheryl Sandberg doesn't believe they'll contribute strongly for a few years yet.
  • Trump, EU Chief Agree to Pursue Trade Peace Pact

    Trump, EU Chief Agree to Pursue Trade Peace Pact

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    The deal involved the European Union importing more US soybeans, lowering industrial tariffs and working on an agreement to import more liquified natural gas (LNG) from America, according to a Dow Jones report. Though details are not yet final, the aid package is not expected to breach the $19.1 billion limit the World Trade Organization allows for internal subsidies, according to Brad Karmen, the USDA's assistant deputy administrator for farm programs.
  • Facebook just lost more than $100 billion off its value

    Facebook just lost more than $100 billion off its value

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    The ad sales portion of revenue hit $13 billion in the second quarter, good for a gain of 42 percent from the year prior. The world's biggest social media company reported earnings of $1.74 per share, beating estimates by 2 cents. The company may have halted more ad purchases than expected as it applied a broad definition of what's considered "political". Instagram now has more than 1 billion users, and analysts expect it to be a model for how Facebook molds its other big app purchase, ...