Category: Business

Ex-Apple Employee Accused of Stealing Self-Driving-Car Tech

Federal prosecutors have charged a former Apple employee with stealing trade secrets related to Apple’s autonomous vehicle program. Xiaolang Zhang allegedly worked on Apple’s secretive self-driving-car project. Zhang left Apple in April saying he was going to work for a…

UK Regulators May Fine Facebook Over Cambridge Analytica

The Information Commissioner’s Office in the UK has announced its intention to fine Facebook more than $600,000 for its “lack of transparency and security issues” related to third party data harvesting. The ICO is also taking steps toward bringing criminal…

Brett Kavanaugh on the Supreme Court Could Be Trouble for Tech

President Donald Trump has chosen Washington DC Circuit Court Judge Brett Kavanaugh to fill Justice Anthony Kennedy’s seat on the Supreme Court. The decision, which Trump announced Monday night, is likely to face opposition not only from Democrats in Congress…

How Microsoft’s AI Could Help Prevent Natural Disasters

On May 27, a deluge dumped more than 6 inches of rain in less than three hours on Ellicott City, Maryland, killing one person and transforming Main Street into what looked like Class V river rapids, with cars tossed about…

YouTube Debuts Plan to Promote and Fund ‘Authoritative’ News

Following a year in which YouTube has repeatedly promoted conspiracy-theory videos during breaking news events like the shootings in Parkland, Florida, and Las Vegas, the company announced on Monday a slew of new features it hopes will make news on…

How an App Could Give Some Gig Workers a Safety Net

The gig economy has a problem. Freelancing is increasingly common, but it’s still difficult and costly to access benefits without a 9-to-5 job. For the lowest-paid workers, it can be close to impossible. In the past few years, many have…

How Europe can upgrade its ‘convergence machine’ for greater equality

The European Union has had an image problem of late, as political forces from left and right, and north and south, like to portray it as a source of new and old economic and social problems. Yet the critics of…

European bank mergers: Domestic or cross-border?

As the European economy recovers from the global financial crisis, bank mergers are back on the agenda. While cross-border mergers have been predicted before, most European bank mergers have been domestic until now. What are the odds of cross-border mergers…

Trade War: European Union taxes American imports

The European Union will start taxing a range of U.S. imports Saturday, including quintessentially American goods like Harley-Davidson bikes and cranberries, in response to President Donald Trump’s decision to slap tariffs on European steel and aluminum. The 28-nation EU’s trade…

Is EU retail sector equipped for 21st century?

We all shop. Filling our trolleys or clicking on the screen of our laptops and smartphones. Jyrki Katainen (l) is EU Commission vice-president, responsible for jobs, growth, investment and competitiveness and Elzbieta Bienkowska is EU Commissioner for internal market and…

Eurogroup reaches agreement on European Stability Mechanism

Eurozone finance ministers (Eurogroup) reached an agreement in principle to widen the mission of the European Stability Mechanism (ESM) to assist banks as well as member states. Therefore, the ESM will also be acting as a Single Resolution Fund (SRF)…

Monsanto lobbyists remain banned from EU parliament

Lobbyists for Monsanto remain barred from the European parliament after the US agrochemical giant refused to attend a public hearing about allegations it unduly influenced research into the safety of glyphosate, used in its RoundUp weedkiller. It was the first…

It’s time to fix the Euro

There is a renewed debate in Brussels on fixing flaws in Europe’s shared currency to prevent future crises. France’s president Emmanuel Macron has made it clear he is willing to push for change to strengthen the euro and is expected…

EU employment highest on record

Employment in the 28-nation European Union increased to the highest on record in the second quarter, the bloc’s executive arm has said. The number of people with jobs in the region increased 1.5% in the April through June period compared…