Bait Crisis Could Take the Steam Out of Lobster This Summer

All, Business, News
The boom times for the U.S. lobster industry are imperiled this year because of a shortage of a little fish that has been luring the crustaceans into traps for hundreds of years. Members of the lobster business fear a looming bait crisis could disrupt the industry during a time when lobsters are as plentiful, valuable and in demand as ever. America’s lobster catch has climbed this decade, especially in Maine, but the fishery is dependent on herring — a schooling fish other fishermen seek in the Atlantic Ocean. Federal regulators are imposing a steep cut in the herring fishery this year, and some areas of the East Coast are already restricted to fishing, months before the lobster season gets rolling. East Coast herring fishermen brought more than 200 million pounds…
Read More

World Turns Off Lights for Earth Hour 

All, Business, News
The Eiffel Tower, the Empire State Building, the Sydney Opera House, the Brandenburg Gate, the Acropolis and many more iconic landmarks went dark at 8:30 p.m. local time, Saturday night, for Earth Hour, an annual call for local action on climate change. Earth Hour is the brain child of the World Wildlife Fund. “By going dark for Earth Hour, we can show steadfast commitment to protecting our families, our communities and our planet from the dangerous effects of a warming world,” said Lou Leonard, WWF senior vice president, climate and energy. “The rising demand for energy, food and water means this problem is only going to worsen, unless we act now.” Individuals and companies around the world participated in the hour-long demonstration to show their support for the fight against…
Read More

US, China Face Off Over 5G in Cambodia

All, News, Technology
For techies and phone geeks, Digital Cambodia 2019 was the place to be. More than a dozen high school students clustered at the booth for Cellcard, Cambodia’s leading mobile operator. Under the booth’s 5G sign, they played video games on their phones. Hak Kimheng, a ninth grade student in Phnom Penh, said his mom bought him a Samsung smartphone a few months ago, when he moved to the capital city from nearby Kandal province to live with his uncle while attending school. Like moms everywhere, she thought the smartphone would help her stay in touch with her son. But smartphones being smartphones and kids being kids, Hak Kimheng, 16, has used it to set up an account on Facebook, Cambodia’s favorite social media platform. He’s also downloaded Khmer Academy, a…
Read More

US Uses Obscure Agency to Target Chinese Foreign Investments

All, News, Technology
For decades, it was virtually unknown outside a small circle of investors, corporate lawyers and government officials.    But in recent years, the small interagency body known as the Committee for Investment in the United States has grown in prominence, propelled by a U.S. desire to use it as an instrument of national security and foreign policy.    This week, the panel made headlines after it reportedly directed Chinese gaming company Beijing Kunlun Tech to divest itself of Grindr, a popular gay dating app, because of concern the user data it collects could be used to blackmail military and intelligence personnel.    Operating out of the Treasury Department, the nine-member CFIUS (pronounced Cy-fius) reviews foreign investments in U.S. businesses to determine whether they pose a national security threat.   Notification was voluntary…
Read More

Facebook Beefs Up Political Ad Rules Ahead of EU Election

All, News, Technology
Facebook said Friday it is further tightening requirements for European Union political advertising, in its latest efforts to prevent foreign interference and increase transparency ahead of the bloc's parliamentary elections. However, some EU politicians criticized the social media giant, saying the measures will make pan-European online campaigning harder. Under the new rules, people, parties and other groups buying political ads will have to confirm to Facebook that they are located in the same EU country as the Facebook users they are targeting. That's on top of a previously announced requirement for ad buyers to confirm their identities. It means advertisements aimed at voters across the EU's 28 countries will have to register a person in each of those nations. "It's a disgrace that Facebook doesn't see Europe as an entity…
Read More

Lyft Shares Soar on Nasdaq Debut After IPO

All, Business, News
Lyft Inc shares on Friday opened up 21.2 percent at $87.24 in its market debut on the Nasdaq after the company was valued at $24.3 billion in the first initial public offering (IPO) of a ride-hailing startup. On Thursday, Lyft said it priced 32.5 million shares, slightly more that it was offering originally, at $72, the top of its already elevated $70-$72 per share target range for the IPO. After a few minutes of trading, shares were up 18.6 percent at $85.42. Instead of celebrating the first day of trading at the Nasdaq in New York, Lyft opted to mark the occasion at a defunct auto dealership in downtown Los Angeles. A couple hundred people - Lyft staff, family and friends, stakeholders and Los Angeles Mayor Eric Garcetti - gathered…
Read More

Bipartisan Support Seen for a US-Taiwan Free-trade Deal 

All, Business, News
Influential figures in Washington are calling for the establishment of a bilateral free-trade agreement with Taiwan, even as U.S. and Chinese officials move toward a resolution of their long-running trade dispute.    "We have a lot of issues with Beijing, and a lot of opportunities with Taiwan," said Edwin J. Feulner in an interview with VOA. Feulner is the founder and former president of the Heritage Foundation, an influential think tank in Washington known for its conservative views and ties with the Republican Party.    Feulner thinks trade negotiations between Washington and Beijing will most likely conclude within 60 days, at which point a full-force push for a bilateral trade agreement with Taiwan could begin. Those talks would be "more or less independent of what's going on with bilateral negotiations with…
Read More

US Housing Department Charges Facebook With Housing Discrimination

All, News, Technology
Facebook was charged with discrimination by the U.S. Department of Housing and Urban Development because of its ad-targeting system. HUD said Thursday Facebook is allowing advertisers to exclude people based on their neighborhood by drawing a red line around those neighborhoods on a map and giving advertisers the option of showing ads only to men or only to women. The agency also claims Facebook allowed advertisers to exclude people that the social media company classified as parents; non-American-born; non-Christian; interested in accessibility; interested in Hispanic culture or a wide variety of other interests that closely align with the Fair Housing Act's protected classes. HUD, which is pursuing civil charges and potential monetary awards that could run into the millions, said Facebook's ad platform is "encouraging, enabling, and causing housing discrimination"…
Read More

Tossing Coins on Brexit: 2nd Referendum, General Election?

All, Business, News
Britons desperately wanting some clarity in the country’s interminable Brexit saga were disappointed Wednesday when lawmakers plunged the country’s proposed exit from the European Union, after half-a-century of membership, into further disarray, failing to find a majority for any way forward after a series of so-called indicative votes. The hope had been a majority might emerge from the eight different options they voted on, which included staying in the EU, leaving with no withdrawal agreement, remaining in the bloc’s customs union and/or single market or holding a second Brexit referendum. “Parliament Finally Has Its Say: No. No. No. No. No. No. No. No.” Britain’s Guardian newspaper announced on its front-page Thursday. “In summary: the Commons has now overwhelmingly rejected every single type of Brexit, and no Brexit,” tweeted Michel Deacon,…
Read More

British Report Finds Technical Risks in Huawei Network Gear

All, News, Technology
British cybersecurity inspectors have found significant technical issues in Chinese telecom supplier Huawei's software that they say pose risks for the country's telecom companies.   The annual report Thursday said there is only "limited assurance" that long-term national security risks from Huawei's involvement in critical British telecom networks can be adequately managed.   The report adds pressure on Huawei, which is at the center of a geopolitical battle between the U.S. and China.   The U.S. government wants its European allies to ban the company from next-generation mobile networks set to roll out in coming years over fears Huawei gear could be used for cyberespionage.   The report noted that Britain's cybersecurity authorities did not believe the defects were a result of "Chinese state interference."     ...
Read More

Iceland’s WOW Air budget Carrier Collapses, Cancels all Flights

All, Business, News
Iceland's budget carrier WOW Air said it had ceased operations and cancelled all flights on Thursday, potentially stranding thousands of passengers. The collapse of the troubled airline, which transports more than a third of those traveling to Iceland, comes after buyout talks with rival Icelandair collapsed earlier this week. "All WOW Air flights have been cancelled. Passengers are advised to check available flights with other airlines," the carrier said in a statement. "Some airlines may offer flights at a reduced rate, so-called rescue fares, in light of the circumstances. Information on those airlines will be published, when it becomes available." WOW Air, founded in 2011, exploited Iceland's location in the middle of the North Atlantic to offer a low-cost service between Europe and North America as well as tapping into…
Read More

Facebook, Instagram Ban White Nationalist Speech

All, News, Technology
Facebook has announced it is banning praise, support, and representation of white nationalism and separatism on its platform and on Instagram, which it also owns. The company made the announcement Wednesday in a blog post, saying, "It's clear that these concepts are deeply linked to organized hate groups and have no place on our services." The post says Facebook has long banned hateful speech based on race, ethnicity and religion, though it had permitted expressions of white nationalism and separatism because it seemed separate from white supremacy. "But over the past three months," the post read, "our conversations with members of civil society and academics who are experts in race relations around the world ... have confirmed that white nationalism and separatism cannot be meaningfully separated from white supremacy and…
Read More

Artificial Intelligence Pioneers Win Tech’s ‘Nobel Prize’

All, News, Technology
Computers have become so smart during the past 20 years that people don't think twice about chatting with digital assistants like Alexa and Siri or seeing their friends automatically tagged in Facebook pictures. But making those quantum leaps from science fiction to reality required hard work from computer scientists like Yoshua Bengio, Geoffrey Hinton and Yann LeCun. The trio tapped into their own brainpower to make it possible for machines to learn like humans, a breakthrough now commonly known as "artificial intelligence," or AI. Their insights and persistence were rewarded Wednesday with the Turing Award, an honor that has become known as technology industry's version of the Nobel Prize. It comes with a $1 million prize funded by Google, a company where AI has become part of its DNA. The…
Read More

India Conducts First Successful Test of Anti-Satellite Weapon

All, News, Technology
India says it has successfully tested a new anti-satellite missile, marking another major development in its budding space program. Prime Minister Narendra Modi announced Wednesday in a nationally televised address that scientists had destroyed a satellite orbiting about 300 kilometers above Earth's atmosphere in a mission that lasted only three minutes. The prime minister said the country has now "registered its name as a space power" alongside the United States, China and Russia, the only other nations to achieve such a feat. The United States and the former Soviet Union conducted anti-satellite tests from the early days of the space age, with the U.S. successfully shooting down a satellite in 1985. China achieved the feat in 2007. Modi insisted that Wednesday's test did not violate any international treaties, and was…
Read More

Updating Software, Shaping History: New Imperial Era Name Looms Large in Japan

All, News, Technology
In Japan, every emperor's era has its own name - appearing in places such as coins, official paperwork and newspapers - and with abdication coming at the end of April, speculation is swirling about what the new "gengo" will be. Although the Western calendar has become more widespread in Japan, many people here count years in terms of gengo or use the two systems interchangeably. Emperor Akihito's era, which began in 1989, is Heisei, making 2019 Heisei 31. The new era name is one of biggest changes -- practically and psychologically - - for Japan at the start of Crown Prince Naruhito's reign on May 1. On April 30, Akihito will abdicate, ending an era in the minds of many Japanese. The new name is so secret that senior government…
Read More

Public Concern Over Privacy Pushes Tech Industry to Change

All, News, Technology
Mounting public concern over data privacy is pushing tech giants to change their ways, industry experts said on Tuesday, a day after Apple unveiled a series of new products, stressing their privacy-friendly features. The world's second-most valuable technology company will now offer a credit card, a news service called Apple News+ and a TV service with original programming, all designed to keep users' information private and secure, it said on Monday. Apple's announcements come on the heels of user privacy scandals that have rocked tech companies over the last several years. Such clarity is welcome in a digital environment that lacks transparency and where people are sometimes unaware of what happens to their data, said Hielke Hijmans, a law expert at the Brussels Privacy Hub, a Belgian research center. "This…
Read More

One in Three Fear Losing Homes in West and Central Africa, Poll Finds

All, Business, News
Nearly one in three people living in West and Central Africa fear losing their homes and land in the next five years, according to a survey of 33 countries, making it the region where people feel most insecure about their property. More than two in five respondents from Burkina Faso and Liberia worry their home could be taken away from them, revealed Prindex, a global property rights index which gauges citizens' views. In West Africa, "a history of governments and investors seizing land for large projects has made people more insecure," said Malcolm Childress, executive director of the Global Land Alliance, a Washington-based think tank that compiles the index. Insecurity can lead to people struggling to plan for their futures, holding back entire economies, Childress said. "In countries like Rwanda,…
Read More

Land Lost, Families Uprooted as Myanmar Pushes Industrial Zones

All, Business, News
Than Ei lived in the Thilawa area near Yangon for years, growing vegetables in her backyard and sending her two children to school with money from her husband's construction job. Then came the government order to move. Than Ei's family was among 68 households relocated in 2013 to make way for the Thilawa Special Economic Zone (SEZ), the first such industrial area in Myanmar, about 23km (15 miles) southeast of Yangon. Authorities said each family would get a home a few miles away, or a plot of land and money to build a house, as well as jobs in the new factories, with good wages. But six years on, Than Ei and others who moved say their incomes are lower than before, and they have only limited access to services.…
Read More

US Labor Unions Say USMCA Doesn’t Go Far Enough for Workers

All, Business, News
U.S. labor officials on Tuesday pressed lawmakers to strengthen enforcement of the provisions of the United States-Mexico-Canada Agreement (USMCA) intended to protect workers, the latest sign that the trade deal could face hurdles to passage in the Democrat-led House of Representatives. Renegotiation of the North American Free Trade Agreement (NAFTA) was one of President Donald Trump's campaign promises and part of his broader push for better terms of trade for the United States. He has said that bad deals have cost millions of jobs. Representatives from some of the largest and most influential unions in the United States told lawmakers on Tuesday that the reworked pact does not go far enough to ensure improvement of wages and working conditions, especially for Mexican workers. "All the NAFTA renegotiation efforts in the…
Read More

Facebook Blocks More Accounts Over Influence Campaigns

All, News, Technology
Facebook said Tuesday it shut down more than 2,600 fake accounts linked to Iran, Russia, Macedonia and Kosovo and aiming to influence political sentiment in various parts of the world. It was the latest effort by the leading social network to shut down "inauthentic" accounts on Facebook and Instagram seeking to influence politics in the U.S. and elsewhere. Facebook said the accounts blocked in the four countries were not necessarily centrally coordinated but "used similar tactics by creating networks of accounts to mislead others about who they were and what they were doing," said Nathaniel Gleicher, head of cybersecurity policy for the company. "We are constantly working to detect and stop this type of activity because we don't want our services to be used to manipulate people," Gleicher said in…
Read More

The Good, Bad and the Unknown of Apple’s New Services

All, News, Technology
It took a while, but finally — and with the carefully curated help of Oprah, Big Bird and Goldman Sachs — Apple has at last unveiled a new streaming TV service, its own branded credit card and a news subscription product. The moves have been largely expected and so far don’t appear to drastically alter the competitive landscape the way Apple has done with previous products such as the iPhone and the iPad. Still, the announcements represent an important step for the company as it seeks to diversify how it makes money amid declining sales of the iPhone, even if by themselves they are unlikely to turn Apple’s big ship either way. But it’s a way to keep fans sticking with Apple even when they aren’t buying a new iPhone…
Read More

Grassroots Tech Group Takes Startup Approach to Fight Brexit

All, News, Technology
Software engineers, entrepreneurs and product managers huddle in small groups, brainstorming ideas and scrawling thoughts onto Post-it Notes on a wall. The project leader exhorts them to "think of products around these themes." It's not a startup but a grassroots band of volunteers from London's tech industry developing websites to prevent Brexit, Britain's departure from the European Union that has fallen into complete disarray. They hope to put public pressure on politicians to give people a second vote. While the group is small, their engagement in politics underscores the concerns among businesses and entrepreneurs who stand to suffer from tariffs and border checks. "I've never been a political person before, really," said German-born venture capitalist Andreas Cser. A longtime London resident, he joined the group, Tech For U.K., after he…
Read More

White House, Business Groups Make Push on Trade Pact

All, Business, News
The White House and business groups are stepping up efforts to win congressional approval for the U.S.-Mexico-Canada trade accord. But prospects are uncertain given that Republicans are at odds with some aspects of the plan and Democrats are in no hurry to secure a political victory for the president. President Donald Trump will meet with GOP lawmakers Tuesday to try to kick-start the process for rounding up votes on Capitol Hill. Supporters in Congress and business groups say they have a narrow window to push it through, given that lawmakers tend to avoid tough trade votes during election season. Rep. Earl Blumenauer, D-Ore., the chairman of the House subcommittee that has jurisdiction over trade, said the pact needs adjustments to be "worthy of support.'' Some Republican lawmakers also have concerns.…
Read More

Hong Kong Ex-Official Patrick Ho Jailed 3 Years for Bribery

All, Business, News
Hong Kong's former home affairs secretary Patrick Ho Chi Ping was jailed for three years Monday for a scheme to bribe African officials to boost a top Chinese energy company that was part of Beijing's global Belt and Road initiative. Ho, 69, who worked for the controversial energy conglomerate CEFC China Energy, was sentenced by a New York judge after being convicted in December on seven charges of violating the Foreign Corrupt Practices Act and money laundering for bribes. He was accused of paying off top officials in Uganda and Chad to support the Shanghai conglomerate's projects in their countries. Some of the deals were arranged in the halls of the United Nations, leading to the U.S. arrest in November 2017 of Ho and a co-conspirator, former Senegalese top diplomat…
Read More

Airbus Wins China Order for 300 Jets as Xi Visits France

All, Business, News
Airbus signed a deal worth tens of billions of dollars on Monday to sell 300 aircraft to China as part of a trade package coinciding with a visit to Europe by Chinese President Xi Jinping and matching a China record held by rival Boeing. The deal between Airbus and China's state buying agency, China Aviation Supplies Holding Company, which regularly coordinates headline-grabbing deals during diplomatic visits, will include 290 A320-family jets and 10 A350 wide-body jets. French officials said the deal was worth some 30 billion euros at catalogue prices. Planemakers usually grant significant discounts. The larger-than-expected order, which matches an order for 300 Boeing planes when U.S. Donald Trump visited Beijing in 2017, follows a year-long vacuum of purchases in which China failed to place significant orders amid global…
Read More