Category Archives: BUSINESS

Trump says OPEC is keeping oil prices ‘artificially very high’ and that ‘will not be accepted’

WTI oil prices hit a three-year high above $69 a barrel this week and were still trading above $68 on Friday. The international benchmark, Brent crude, was above $73 on Friday after also hitting its highest level since November 2014 this week. The president is likely referring to OPEC’s production level agreement with Russia and other producers put in place

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FCC wants Chinese tech out of US phones, routers

U.S. officials are discouraging U.S. telephone and internet companies from purchasing Chinese technology that could be used for surveillance, Federal Communications Commissioner Ajit Pai announced Monday. “Threats to national security posed by certain communications equipment providers are a matter of bipartisan concern,” Pai said. “Hidden ‘back doors’ to our networks in routers, switches — and virtually any other type of

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UK MPs demand Zuckerberg testify on data row after he offers deputy

British MPs renewed a demand on Tuesday to interview Facebook chief Mark Zuckerberg over a data privacy row that has rocked the social media giant, after he responded to an earlier request by offering to send one of his deputies. Damian Collins, the chairman of the House of Commons digital, culture and media committee, said the seriousness of the allegations

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Growing questions about CNN’s airport monopoly as network veers left

The CNN Airport network dates back to when CNN was known for straightforward news programming — and has been a fixture at airports since before competitors MSNBC and Fox News even existed. But critics are now asking if busy travelers should be subjected to CNN’s increasingly ideological programming — at gates, bars, food courts and baggage claims — which can

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China responds to Trump tariffs with proposed list of US products to target

The world’s second-largest economyhas responded to President Donald Trump’s controversial trade tariffs. China’s commerce ministry proposed a list of 128 U.S. products as potential retaliation targets, according to a statement on its website posted Friday morning. The U.S. goods, which had an import value of $3 billion in 2017, include wine, fresh fruit, dried fruit and nuts, steel pipes, modified

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Big Tech needs to face a Theodore Roosevelt-style trust busting

Is it time to break up Big Tech? Scott Galloway, professor of marketing at New York University, thinks so. Silicon Valley and Seattle should pay attention. Galloway is no socialist Luddite. He’s a veteran entrepreneur and beneficiary of the industry. He’s also author of “The Four,” a penetrating book about Apple, Amazon, Facebook and Google parent Alphabet. “The Four” also

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