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Google co-founder’s Kitty Hawk company scraps one of its flying-car projects

It's going to focus on developing another electric aircraft instead
Tags: Google, News, Cars, Trends, Larry Page, Flyer, Kitty Hawk


Pardon the Intrusion #19: Paying for Privacy

Subscribe to this bi-weekly newsletter here! Welcome to the latest edition of Pardon The Intrusion, TNW’s bi-weekly newsletter in which we explore the wild world of security. COVID-19 accelerated the use of Zoom for video calling. But so did the security problems and revelations that it didn’t actually support end-to-end encryption (E2EE), misleading users about the security of the platform. In the aftermath, it promised to invest in E2EE on its platform, and acquired encrypted chat service Keyb...
Tags: Security, Startups, Privacy, Newsletter, Keybase, COVID


Facebook begins placing labels on posts by ‘state-controlled media’

Starting today, Facebook will label posts by state-controlled media on the social network. The company first announced the move in October, part of larger efforts to fight disinformation during elections. In a post announcing the update, Facebook said: We’re providing greater transparency into these publishers because they combine the influence of a media organization with the strategic backing of a state, and we believe people should know if the news they read is coming from a publication that ...
Tags: Startups, Facebook, Insider


Auckland businessman who stole from investors fails in appeal against jail sentence

A trader who bragged that he was "as good as John Key" and stole from investors to fund a luxurious lifestyle has failed in an appeal against his jail sentence. Steven Robertson was sentenced to six years and eight months' imprisonment... [Author: [email protected]]
Tags: Business, John Key, Auckland, Steven Robertson


As coronavirus sinks global demand, China’s exporters go online to tap domestic market

At this time of the year, Deng Jinling would normally be welcoming foreign buyers to her vacuum flask showroom or cramming her goods into containers to be shipped to customers in the United States.
Tags: Money, China, businessNews, Deng Jinling


As New Zealand prepares for negative rates, kiwi acquires yen's stripes

New Zealand once boasted one of the world's highest-yielding currencies, making it a favourite for investors chasing income - now, growing prospects of negative interest rates at home have lumped the kiwi with Japan's safe and boring yen.
Tags: Japan, Money, businessNews, New Zealand


Exclusive: China's Dada set to upsize its U.S. IPO amid strong demand - sources

China's online grocery firm Dada Nexus Ltd is looking to increase the size of its U.S. initial public offering (IPO) by more than a quarter, people familiar with the matter said on Thursday, as investors brushed off concerns about the auditing standards of Chinese companies pursuing U.S. listings.
Tags: Money, China, businessNews, Dada, Dada Nexus Ltd


Finance Minister Grant Robertson's 'personal encouragement': come back to the office

Grant Robertson has told his staff he expects them to be back working from their Beehive office from now on and is urging others to do the same.The Minister of Finance, who is also the MP for Wellington Central, said while the economy... [Author: [email protected]]
Tags: Business, Finance, Grant Robertson, Wellington Central


No vacancy: Aucklanders flock to Waiheke Island post-lockdown

Aucklanders are set to stream across the Hauraki Gulf to Waiheke Island this month as the "no vacancy" sign goes up on the famed getaway for the first time in weeks.More than 80 Waiheke rentals - from the $5700 architecturally designed... [Author: [email protected]]
Tags: Business, Waiheke Island, Hauraki Gulf


Flying the coop: Lockdowned Aucklanders flocking to Waiheke Island

Aucklanders are set to stream across the Hauraki Gulf to Waiheke Island this month as the "no vacancy" sign goes up on the famed getaway for the first time in weeks.More than 80 Waiheke rentals - from the $5700 architecturally designed... [Author: [email protected]]
Tags: Business, Waiheke Island, Hauraki Gulf


Google co-founder’s Kitty Hawk scraps one of its flying-car projects

It's going to focus on developing another electric aircraft instead
Tags: Google, News, Cars, Trends, Larry Page, Flyer, Kitty Hawk


Japan's household spending falls at record pace as virus stalls economy

Japan's household spending fell at the fastest pace on record in April as the coronavirus shut down travel and dining-out in the world's third-largest economy, and prospects of higher jobs losses chilled consumer sentiment.
Tags: Japan, Money, businessNews


Rio Tinto blames 'misunderstanding' for destruction of 46,000-year-old Aboriginal site

Iron ore chief says company has ‘taken accountability’ for destroying site in blast to expand Brockman 4 mineThe head of Rio Tinto’s iron ore division said he has “taken accountability” for the destruction of a 46,000-year-old Aboriginal heritage site but refused to give a direct answer when asked if the company knew traditional owners did not want the rock shelter destroyed, saying: “clearly, there was a misunderstanding”.In an interview on Radio National on Friday, the chief executive of Rio T...
Tags: Business, Australia news, Mining, Rio Tinto, Indigenous Australians, Western Australia, Brockman, Chris Salisbury


Singapore bank deposits jump as Hong Kong, virus sow uncertainty

A record jump in money flowing into Singapore bank accounts from abroad underlines the city-state's safe haven appeal during the COVID-19 pandemic and political uncertainty in rival financial centre Hong Kong, analysts say.
Tags: Hong Kong, Money, Singapore, businessNews


Hitachi, Toshiba, Miraca to set up line for antigen test kits

Japanese industrial conglomerates Hitachi Ltd and Toshiba Corp, as well as Miraca Holdings subsidiary Fujirebio, said on Friday they will jointly set up a facility to produce antigen coronavirus testing kits.
Tags: Money, businessNews, Toshiba Corp, Hitachi Ltd, Miraca Holdings, Hitachi Toshiba Miraca, Fujirebio


How You Deserve To Be Treated At Work

Your employer also has a duty to ensure that your health and safety is being taken care of as best as possible. If this is not happening, then you will find that you are going to struggle to feel safe and secure while you are at work
Tags: Jobs, Career Advice, How To Be Treated


More online tax settlement days set for LA, DC & Atlanta

Video conferencing is becoming more acceptable, even in IRS communications with some taxpayers. It's possible that a few good things might come from COVID-19. We might be able to adapt our infection precautions to post-pandemic processes that are more worker friendly and business efficient. Yes, I am talking about expanded use of technology. And yes, I mean beyond subscribing to every streaming service to fill your days while you were (or are) in isolation mode. The latest example comes f...
Tags: Taxes, California, Los Angeles, Atlanta, United States, Michigan, Detroit, Sam, South Carolina, Irs, North Georgia, Northern Virginia, Tax Court, LA DC, The IRS, WebEx


Goldman Sachs executive's email making plea for racial equality goes viral at firm

An email by a Goldman Sachs Group Inc employee about his experiences of racial injustice and criticizing managers at the Wall Street bank for not supporting junior bankers from diverse backgrounds went viral at the firm this week.
Tags: Money, Wall Street, businessNews, Goldman Sachs, Goldman Sachs Group Inc


'How it's going ...' Goldman executive's email on racial inequality in America

Frederick Baba, a managing director at Goldman Sachs who is black, sent the following email to colleagues at the bank on June 2:
Tags: Money, America, businessNews, Goldman Sachs, Goldman, Frederick Baba


Covid 19 coronavirus: Rising air freight costs poised to push up retail prices

Kiwi consumers face higher prices for imported goods as the lack of passenger flights in and out of the country has pushed up air freight prices.Parallel importer Mighty Ape has seen the cost of air freight rise three-to-five times... [Author: [email protected]]
Tags: Business, Kiwi


New Acland coalmine: farmers win reprieve in battle to stop expansion

High court now will determine whether a fresh hearing on stage-three expansion should be orderedQueensland farmers have been given a reprieve by the nation’s highest court in their decade-long battle to stop a coalmine expansion.But the company behind the controversial stage-three expansion of the New Acland coalmine says there is nothing stopping the state government from giving approvals for the project to go ahead. Continue reading...
Tags: Business, Environment, Australia news, Coal, Fossil Fuels, Queensland, New Acland


New Normal: Conversation with Jack Barrett of First Citrus Bank

I have been doing video interviews with a number of C level execs, VCs and practitioners about acrobatics they have been seeing in various vertical sectors during the COVID-19 crisis and the "New normal" they can expect as the economy... [Author: vinnie]
Tags: Trends, Vinnie, First Citrus Bank, Jack Barrett, Global and Vertical extensions, New Normal COVID-19


LinkedIn CEO apologizes after an internal meeting about racial inequality and bias was hit with 'appalling' comments from anonymous employees

LinkedIn CEO Ryan Roslansky apologized on Thursday after employees anonymously made "appalling" comments criticising the company's efforts to diversify its workforce during a global town hall meeting to discuss racial inequity and biases earlier this week.  Roslansky, who only started as CEO of the Microsoft-owned social network on Monday, apologized for allowing the comments."We are not and will not be a company or platform where racism or hateful speech is allowed," he said. Other LinkedIn s...
Tags: Microsoft, Trends, Linkedin, United States, Jeff Weiner, Signal, Daily Beast, Ryan Roslansky, Roslansky, George Floyd, Rosanna Durruthy LinkedIn


LinkedIn CEO apologizes after an internal meeting about racial inequality and bias was overrun by 'appalling' comments from anonymous employees

LinkedIn CEO Ryan Roslansky apologized on Thursday after employees anonymously made "appalling" comments criticising the company's efforts to diversify its workforce during a global town hall meeting to discuss racial inequity and biases earlier this week.  Roslansky, who only started as CEO of the Microsoft-owned social network on Monday, apologized for allowing the comments."We are not and will not be a company or platform where racism or hateful speech is allowed," he said. Other LinkedIn s...
Tags: Microsoft, Trends, Linkedin, United States, Jeff Weiner, Signal, Daily Beast, Ryan Roslansky, Roslansky, George Floyd, Rosanna Durruthy LinkedIn


Air New Zealand warns more jobs may go as it launches 800-day recovery plan

Air New Zealand chief executive Greg Foran has warned more jobs could go at the airline on top of the 4000 already lost.In a message to staff, he has outlined a plan to rebuild the airline to ''healthy profits'' by August 2022.''Make... [Author: [email protected]]
Tags: Business, New Zealand, Greg Foran


Oil dips on uncertainty over producers' commitment to output cuts

Oil prices eased slightly on Friday as markets wait to see whether major producers will commit to an extension of record production cuts to support oil prices.
Tags: Money, businessNews


Bernie Madoff fails in bid for compassionate release from prison

The 82-year-old convicted fraudster has less than 18 months to live, but judge says he should die in jailA federal judge on Thursday rejected Bernie Madoff’s request to be released early from prison because he was dying of kidney failure, saying the swindler has never fully accepted responsibility for his massive, decades-long Ponzi scheme.Circuit Judge Denny Chin, who called Madoff’s crimes “extraordinarily evil” when imposing a 150-year sentence in June 2009, wrote that while Madoff’s failing ...
Tags: Business, World news, US news, US crime, Bernard Madoff, Madoff, Bernie Madoff, Denny Chin


Opinión | El negocio de los combustibles está en terminales de almacenamiento y reparto

El 1 de junio, cuando regresamos a la nueva normalidad, comenzamos a mover la economía. En ese sentido, una parte fundamental que requiere atención inmediata es el almacenamiento de combustibles. Porque en Estados Unidos y en el resto del mundo este asunto ha estresado las economías ante la contracción de la demanda. Nuestro vecino del […]
Tags: Business, News, Estados Unidos


Banco Mundial: reducir burocracia y mejorar servicios será esencial en Perú

Lima, 4 jun (EFE).- Reducir la burocracia y mejorar los servicios públicos serán factores esenciales para reconstruir el sector privado y contribuir a la recuperación de Perú tras la epidemia del COVID-19, afirmó la directora a cargo de las operaciones del Banco Mundial (BM) en el país andino, Marianne Fay.
Tags: Business, News, Lima, Banco Mundial, EFE Reducir, Banco Mundial BM


OPEC+ to meet on Saturday to discuss extending oil output cuts- Ennahar TV

The Organization of the Petroleum Exporting Countries (OPEC) and allies led by Russia, a group known as OPEC+, will meet on Saturday, June 6, Algeria's Ennahar TV channel reported on Friday, citing an OPEC source.
Tags: Money, Russia, Opec, businessNews, Algeria, Petroleum Exporting Countries OPEC, Ennahar TV



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