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| Beijing official call for better relationship with the U.S. |
6/12/2020 |
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Zhu Guangyao, a former finance minister and Cabinet advisor, said the two countries should “waste no time” in improving relations to help better coordinate a response to the coronavirus pandemic. He and other officials told reporters in Beijing that the two biggest economies are so closely entwined that they must find a way to work together because a lack of cooperation has come at a “high price.”
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| China's automobile sales up 14.5% in May |
6/12/2020 |
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sales of passenger cars jumped 7% from a year earlier to 1.67 million, an improvement over April’s 2.6% contraction. Growth in passenger vehicles was primarily driven by sales of SUVs and minivans, which jumped nearly 20% and 47% respectively from the same period the year before.
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| When dust finally settles, business operations won't be the same anymore |
6/11/2020 |
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I’ve found it fascinating to observe the behavioral changes that the pandemic has created in our society. Take restaurants for example. As self-quarantine and social distancing requirements forced them to either temporarily close or dramatically alter their service offerings, we witnessed traditional Carry Out’evolve into Curb-Side Pick Up. Soon, businesses began offering ‘touchless purchasing’ and ‘contactless free delivery’ as customer-preferred options.
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| U.S. consumer price index fell |
6/11/2020 |
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The Labor Department said Wednesday that its consumer price index fell 0.1% last month after tumbling 0.8% in April and 0.4% in March. Excluding food and energy prices, which bounce around from month to month.
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| Cyberattack disrupted Honda's business worldwide |
6/11/2020 |
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The company said in a statement that "a cyberattack has taken place on the Honda network.'' It said there was no breach of data, but that it is working to “minimize the impact and to restore full functionality of production, sales and development activities.''
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| Sibarian oil leak enters into Arctic lake |
6/11/2020 |
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Emergency workers have laid booms to block the fuel from getting into the lake from its tributary, the Ambarnaya River, but they have failed to stop the spill from spreading downstream.
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| Wuhan Xinxin Semiconductor (XMC) to make 50nm serial NOR chips |
6/10/2020 |
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XMC introduced its new SPI NOR flash series built using its own 50nm floating-gate technology in December 2019. The series' transfer rates can outperform standard 8- and 16-bit parallel flash memories, with continuous read mode allowing for efficient memory access with as few as 8-clocks of instruction-overhead to read a 24-bit address, enabling XIP (execute in place) operation.
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| IBM leaves facial recognition technology on issue of racial profiling |
6/10/2020 |
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Police use of facial recognition has come under heightened scrutiny after researchers found racial and gender disparities in systems built by companies including IBM, Microsoft and Amazon. That led IBM and Microsoft to improve their accuracy but Krishna said now is the time to debate whether facial recognition technology should be used at all by domestic law enforcement agencies.
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| U.S. manufacturing technology orders retreated |
6/9/2020 |
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Technology orders decreased 26 percent in April from the previous month to $225.8 million, the lowest monthly total since May 2010, according to the latest U.S. Manufacturing Technology Orders report.
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| A fire destroyed Amazon warehouse in California |
6/9/2020 |
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A half-dozen fire departments were unable to stop flames from destroying the sprawling structure in Redlands, about 60 miles (96 kilometers) east of Los Angeles. The nearby Interstate 10 freeway was shut down temporarily as flames shot high into the air.
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| BP to part 10,000 and cut Capex by 25% |
6/9/2020 |
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The cuts will affect office-based roles in BP's global workforce of 70,000 people and come mostly this year. The changes are expected to significantly affect senior levels, cutting the number of group leaders by a third.
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| U.S. is set to sanction Chinese chip makers |
6/8/2020 |
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The US will, starting September, impose a new rule blocking global companies from using American-made technology or software to design or manufacture chips for Huawei and its affiliates to thwart China's 5G development and hinder China from building its own integrated IC supply chain.
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| Broadcom hints delay of new iPhone |
6/8/2020 |
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This time, the executive said the delay will mean the bump in wireless revenue experienced by Broadcom will happen one quarter later than usual this year.
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| FedEx raise delivery charges |
6/8/2020 |
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The temporary surcharges include a 40 cent fee per package for the FedEx SmartPost packages; $30 per package for Oversize US domestic FedEx Express and FedEx Ground packages; and 30 cents per package for US domestic residential FedEx Express and FedEx Ground packages.
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| 2.5 million job added, U.S. unemployment rate fell to 13.3% |
6/8/2020 |
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Other evidence has also shown that the job market meltdown triggered by the coronavirus has bottomed out. The number of people applying for unemployment benefits has declined for nine straight weeks. And the total number of people receiving such aid has essentially leveled off.
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| U.S. services sector shrank for a second month |
6/5/2020 |
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The Institute for Supply Management said Wednesday that its service sector index stood at 45.4 last month, up slightly from an April reading of 41.8. Any reading below 50 signals that the service sector, where the majority of Americans work, is in contraction.
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| Wipes and masks plugged sewer systems |
6/5/2020 |
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U.S. Environmental Protection Agency — have issued pleas as wastewater plant operators report a surge of stopped-up pipes and damage to equipment.
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| 20,000 tons of diesel fuel spilled in Siberia |
6/5/2020 |
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he spill took place Friday at a power plant in an outlying section of the city of Norilsk, 2,900 kilometers (1,800 miles) northeast of Moscow. Booms were laid in the Ambarnaya River to block the fuel; the river feeds a lake from which springs another river that leads to the environmentally delicate Arctic Ocean.
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| April chip sales up y-o-y |
6/4/2020 |
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April semiconductor sales were down 1.2% on March at $34.4 billion but 6.2% up on the $32.4 billion of April 2019, says the SIA.
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