Business

Ethiopia 'accepts peace deal' to end Eritrea border war

Ethiopia 'accepts peace deal' to end Eritrea border war

Ethiopia's ruling party on Tuesday said it plans to implement a dormant, 18-year-old peace agreement to end strife with Eritrea. The move would "enable Ethiopia-born citizens living overseas who've long wished to work on the development of their country, and...


HBC reports wider-than-expected Q1 loss; shares fall

HBC reports wider-than-expected Q1 loss; shares fall

After years of resisting significant store closures, Hudson's Bay Co.is now preparing to shut up to 10 of its U.S. Lord & Taylor outlets, including its iconic flagship on Fifth Avenue in NY, while selling its Gilt online division, amid disappointing first-quarter results.


ZTE has reached a deal to have U.S. sanctions lifted

ZTE has reached a deal to have U.S. sanctions lifted

According to Reuters , "the preliminary deal includes a $1 billion fine against ZTE, plus $400 million in escrow to cover any future violations". ZTE's survival has been a topic of discussion in high-level US-China trade talks. That was a serious problem for ZTE because the company is heavily dependent on United States components for its smartphone business. But the company admitted that while it had fired the four senior employees, it had made false statements about the others, the ...


Ancestry service MyHeritage says 92 million customer email addresses have been exposed

Ancestry service MyHeritage says 92 million customer email addresses have been exposed

The security breach, discovered by a researcher, includes all the email addresses of MyHeritage users who signed up through October 26, 2017. The website now has 96 million users; 1.4 million users have taken the DNA test. More sensitive information, such as credit card information, family trees, and DNA data, are stored in a different place than email addresses and passwords, and MyHeritage believes that information was never compromised.



ZTE will reportedly pay over $1 billion to lift United States ban

Further, the sources added that the Commerce Department plans to amend its 2017 settlement agreement and count the $361 million ZTE paid as a part of that. At that time, the US discovered documents that showed how ZTE established new entities to sell USA technologies to Iran. The ban in effect nearly destroyed ZTE as it now relies on many components from American companies.



Trump to stick with hard line on trade as G7 showdown looms

Trump called out the Prime Minister by name in a statement that threatened to tear up the North American free-trade agreement. President Donald Trump suggested that Canada burned down the White House during the War of 1812 during a tense phone call with Canadian Prime Minister Justin Trudeau on tariffs last month , a new report said Wednesday.