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bitcoin tycoon: The goal of the application is to make cryptocurrency not just more accessible but to make cryptos and blockchain technology tangible and more tactile, the 20-year-old told Market Watch in a Tuesday interview, according to Market Watch. Read If you're not a billionaire' in 10 years it's your own fault,' says 20-year-old bitcoin tycoon To that end, Finman, last month, kicked off Coin Bits, a web-based platform, that will automatically round up credit/debit-card purchases to the nearest dollar and invest the difference in bitcoin on the user's behalf. Now, the crypto wunderkind says he wants to help engineer a platform for investing in cryptocurrencies that is easy for average folks to use. Caption outside of wrapper for normal article images If it sounds familiar, it is because it is a model similar to one used by some bricks-and-mortar banks; and, perhaps, notably, platforms like micro-investment apps Acorns Grow Inc., and Stash, to facilitate investing and saving. I really think a million users within a year is realistic, he said. In fact, Finman hopes that Coin Bits will become the Acorns of bitcoin, one day and is aiming to garner at least one million users on his platform over the coming year. ( As reported in the news.

chinese netizens: Does it matter It matters if you are a Chinese pig, according to Global Times China. It matters if you like eating pork in China, wrote economist Paul Donovan. The report on China's latest consumer price index CPI seen by the Global Times earlier on Thursday morning, titled Very Normal Inflation, said Chinese consumer prices rose due to sick pigs. The report sparked strong anger among Chinese netizens calling for an official apology from UBS after it issued the racist report on China's inflation. We have removed the audio comment from circulation, UBS China told the Global Times on Thursday, noting that to be clear, this comment was about inflation and Chinese consumer prices rising, which was driven by higher prices for pork. We apologize unreservedly for any misunderstanding caused by these innocently intended comments by Paul Donovan. ( As reported in the news.

cooperation agreements: The comments were made in connection with Chinese President Xi Jinping's state visits to Kyrgyzstan and Tajikistan, according to Global Times China. The visits will prompt more pragmatic cooperation between China and Kyrgyzstan and Tajikistan in the trade and investment areas. Photo Xinhua China's trade and economic relations with Kyrgyzstan and Tajikistan are steadily progressing and Beijing expects to reach cooperation agreements with the two Central Asian countries in sectors such as investment, trade, agriculture, technology, culture and tourism, Chinese officials said on Thursday. This will also inject new vitality into the joint construction of the Belt and Road Initiative, Gao Feng, the spokesperson for the Ministry of Commerce said at a press briefing in Beijing on Thursday. In 2018, bilateral trade reached 5.61 billion, with agricultural imports from Kyrgyzstan totaling 13.15 million, according to data from Ministry of Commerce. China has been the largest trading partner of Kyrgyzstan for years, said Gao. ( As reported in the news.

food: The Waste & Resources Action Programme WRAP estimates that UK households spend 15bn each year on food that could've been eaten but ends up going to waste, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. Tesco, Marks & Spencer, Waitrose and Unilever are among the companies that have vowed to halve food waste by 2030 in the UK, where an estimated 10.2 million tonnes of food and drink is thrown away annually. You can form your own view. Subscribe now Judith Batchelar, director of Sainsbury's Brand, described food waste as one of the biggest challenges currently facing today's society adding that it is an intrinsic part of our combined response to tackle greenhouse gas emissions and climate change . The retailer has already introduced various measures to reduce food waste, such as working with farmers to ensure that the amount of produce they provide is in line with quantities the supermarket's customers will buy. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. ( As reported in the news.

ishikawa prefecture: The struggling maker aims to lower fixed costs and has agreed to receive up to 80 billion 738 million in a bailout from a Chinese-Taiwanese consortium, according to The Japan Times. It incurred a group net loss for the fifth straight year in fiscal 2018 at 109.43 billion, on sales of 636.66 billion, down 11.3 percent from the previous year, hit by falling demand from its main client Apple. The latest reduction, up from 1,000 announced in May, represents over a quarter of the display maker's total workforce in Japan. ; CEO and President Yoshiyuki Tsukizaki will step down, effective Sept. 30, to be replaced by Managing Executive Officer and Chief Financial Officer Minoru Kikuoka. The maker also said operations at its Hakusan plant in Ishikawa Prefecture will be suspended from July to September, and that part of its manufacturing line at its Mobara plant in Chiba Prefecture will be closed in September. Between July 29 and Aug. 27, the company will invite employees to take early retirement by the end of September under a voluntary early retirement program. The company said it would decide by late September whether to reopen the Hakusan plant, which makes displays for smartphones. ( As reported in the news.

jeremy wright: A final decision will be made by the end of the month, according to The Independent. The announcement, made in the final weeks of Theresa May's government, is potentially embarrassing for the Evening Standard's editor, George Osborne. The culture secretary, Jeremy Wright, said he was minded to order regulators to look into the sale of 30% holdings in the two news outlets by their Russian owner, Evgeny Lebedev, on public interest grounds. Any block on the investment could be financially damaging to the London newspaper, which is struggling due to a collapse in the value of print advertising. The British government stated that it appears a bank controlled by the Saudi Arabian government now owns an indirect stake in both the Evening Standard and the Independent. The company has already announced a round of job cuts. ( As reported in the news.

percent stake: In Nissan's proposal, I am the only member from Renault appointed for the committees, and CEO Bollore is not included, Senard said at the meeting, according to The Japan Times. Senard, also a Nissan board member, said he supports its efforts to strengthen governance. At an annual shareholders meeting in Paris, Senard said Renault CEO Thierry Bollore should be added to new committees to oversee executive nominations, compensation and audits at Nissan. ; Renault has a 43 percent stake in the Japanese automaker, which holds a 15 percent nonvoting stake in its French peer. The Japanese automaker is set to propose its plan for establishing committees and the appointment of members at its annual shareholders meeting on June 25. We are discussing the matter with Renault, he said. Nissan CEO Hiroto Saikawa told reporters in Tokyo on Thursday the two automakers have slightly different views on who should be appointed. ( As reported in the news.

airplane: Airlinesread more The world's largest airplane is up for sale for 400 million Stratolaunch, the world's largest airplane, which flew once, is up for sale, sources familiar told CNBC. Investing in Spaceread more Huawei delays foldable phone launch until September to do extra... Huawei says it's looking to launch its roughly 2,600 Mate X foldable phone globally, and will be focusing on markets that are rolling out 5G networks, according to Xinhua China. Technologyread more Hong Kong activists plan weekend mass rally against China... Hong Kong activists say they are planning another mass rally at the weekend to pressure the government to drop a plan to allow extraditions to the Chinese mainland as worries... China Politicsread more China denies Philippines' allegations of 'hit and run' in South... China has rejected Philippine allegations that a Chinese fishing vessel abandoned 22 Filipinos after it sank their boat in the South China Sea, as pressure builds on President... Asia Politicsread more Extradition bill could get Hong Kong entangled in US-China... Hong Kong runs the risk of losing its special customs status with the U.S. if its autonomy is seen to be eroded with the contentious extradition bill, according to one... China Economyread more Main Street feels the pinch from China tariffsU.S. small business advocates and owners are increasingly pushing back on tariffs. But in order to reach a trade... China Economyread more Boeing heads to Paris Air Show hobbled as 737 Max crisis clears... Mired in a crisis over its best-selling 737 Max plane, Boeing could hand the spotlight over to its rival Airbus at the Paris Air Show. The National Federation of Independent Business said about one-third of its membership has... Small Businessread more Cramer Broadcom hurt by Trump's move against Huawei on China... Broadcom's CEO is paying for misjudging President Trump's resolve to bring the Chinese to their knees, says CNBC's Jim Cramer. Politicsread Economy The price of apples is soaring in China, and Beijing is showing concern Published Wed, Jun 12 2019 11 00 PM EDTEvelyn Cheng chengevelyn Key Points The cost of half a kilogram of apples jumped to 15.19 yuan at the beginning of June from 11.81 yuan at the end of April, Dada-JD Daojia said. Investingread more Iranian fast-boats kept tug boats from salvaging damaged oil... Iranian military fast-boats prevented privately owned tug boats from salvaging one of the damaged vessels, two U.S. officials told CNBC. Politicsread more Oil tanker owner disagrees with US military that a mine caused... I do not think there was a time bomb or an object attached to the side of the ship, Yutaka Katada, president of Kokuka Sangyo, said at a press conference Friday. ( As reported in the news.

european counterpart: Asteroids and space matter travelling close to earth are constantly monitored by NASA and the space agency's European counterpart, and their tracking data shows that one will soon be flying uncomfortably close, according to Nine News Australia. While potentially hazardous asteroids regularly pass Earth without issue, on September 9, a rock known as 2006 QV89 will make its closest approach to Earth in some time. To improve your experience update it here News World An asteroid could hit planet Earth later this year By 9News Staff4 28pm Jun 13, a chance a 50m-wide asteroid could collide with planet Earth later this year. This artists impression shows both components of the double asteroid 1999 KW4 during its Earth fly-by. A remote area of Siberia was struck by the biggest recorded asteroid in 1908, and while accounts still differ, the resulting seismic shockwaves registered with barometers as far away as England. Cover Images Measuring close to 50 metres wide, the asteroid would be the largest recorded space rock to hit planet Earth. ( As reported in the news.

page: Once Optimize is // loaded it will call this function, which will remove the 'async-hide' // class from the html element, causing the page to become visible again. h.end i function s.class Name ' y '' ; ; // Initalizes the data Layer as an empty array if it's not already initialized // and assigns the passed Optimize container object to the data Layer's 'hide' // property, according to MSNBC. This makes the function defined above accessible globally at the // path so it can be called by Optimize. a n a n .hide h; // Creates a timeout that will call the page-showing function after the // timeout amount defaulting to 4 seconds in the event that Optimize has // not already loaded. Once Optimize is ready or 4 seconds has passed the class is removed from the html element and the page becomes visible again. param Window a The global object. param HTMLHtml Element s The html element. param string y The name of the class used to hide the html element. param string n The name of property that references the data Layer object. param number c The max time in milliseconds the page will be hidden. param Object h An object whose keys are Optimize container IDs. param undefined i unused parameter . param undefined d unused parameter . param undefined e unused parameter . / function a, s, y, n, c, h, i, d, e // Adds a class defaulting to 'async-hide' to the html element. s.class Name ' ' y; // Keeps track of the exact time that the snippet executes. h.start 1 new Date; // Creates a function and assigns it to a local variable 'i' as well as // the 'end' property of the Optimize container object. This ensures your page will not stay hidden in the // event that Optimize takes too long to load. var timer Id set Timeout function i ; h.end null; c ; h.timeout c; window, // The initial value for local variable 'a'. // The initial value for local variable 's'. 'async-hide', // The initial value for local variable 'y'. 'data Layer', // The initial value for local variable 'n'. 4000, // The initial value for local variable 'c'. 'GTM-K7MVLQC' true // The initial value for local variable 'h'. ; ga 'require', 'GTM-K7MVLQC' ; window.tdb AdBlock Status; ga 'send', 'pageview', Dimensions ; var page Depth 1; var tdb Daily Cookie if tdb Daily Cookie page Depth 1; document.cookie ' tdb24 ' page Depth '; Expires ' 'Sun Jun 16 2019 03 59 59 GMT 0000; path /;' window. We cannot return to the past. Krux function var var ; function function retrieve n var k 'kx' 'thedailybeast ' n, ls function try return window.local Storage; catch e return null; ; if ls return ls k ''; else if var m return m && unescape m 1 ''; else return ''; Krux.user retrieve 'user' ; Krux.segments retrieve 'segs' ; ; var utag data O'Rourke Knocks Joe Biden We Cannot Return to the Biden,Beto orourke knocks joe biden we cannot return to the past page title Beto O'Rourke Knocks Joe Biden We Cannot Return to the O'Rourke Knocks Joe Biden We Cannot Return to the News Half Full CultureU.S. O'Rourke Knocks Joe Biden We Cannot Return to the Past'Gideon Resnick Political Reporter Updated 06.13.19 11 45AM ET / Published 06.13.19 11 11AM ET Beto O'Rourke leveled his sharpest criticism yet against former Vice President Joe Biden on Thursday during an interview with MSNBC's Morning Joe. ( As reported in the news.

straitof hormuz: How did major indexes fare Dow Jones Industrial Average DJIA, -0.07% rose 101.94 points, or 0.4%, to 26,106.77, and the S&P 500 index SPX, -0.16% added 11.80 points, or 0.4%, to 2,891.64, according to Market Watch. The Nasdaq Composite Index COMP, -0.52% gained 44.41 points, or 0.6%, to 7,837.13. U.S. stocks closed higher Thursday, following back-to-back losses for major indexes, as investors monitored a sharp jump in oil futures after two oil tankers were damaged in suspected attacks off the coast of Iran. What drove the market Oil futures surged after reports about attacks on two oil tankers in the Gulf of Oman, near the Strait of Hormuz, with the U.S. Navy rushing to assist the vessels. Read Straitof Hormuz in spotlight after oil tankers attacked near world's most sensitive crude chokepoint Energy stocks were among the S&P 500's top performers, with the sector up 1.3%. Analysts continue to point to developments around U.S.-China tensions as a risk for global equities. Brent crude BRNQ19, 0.05% and U.S. benchmark West Texas Intermediate crude CLN19, 0.46%both jumped sharply. ( As reported in the news.

trade headlines: But that's as we navigate trade headlines, i.e, according to Market Watch. President Donald Trump's tweets or what's in his head that day, and remain on the lookout for signs the Federal Reserve will cave on interest rate cuts. After a May equity selloff, investors should be enjoying the June bounce. Frankly, things could be a lot duller for June, especially if you toss in fresh Middle East tensions that cropped up Thursday. Hang in there, says our call of the day, from J.P. Morgan's global head of quantitative and derivatives strategy, Marko Kolanovic, who says we could get a bigger bounce from all the damage trade-war tensions have wrought on stocks. However, all that excitement isn't for everyone, and it takes courage to ride out a summer market swamped with so many potentially market-moving events. ( As reported in the news.

wall street: On Wednesday, the key market gauge dropped 74.56 points. ; The Topix index of all first section issues fell 12.72 points, or 0.82 percent, at 1,541.50, after sliding 7.10 points the previous day, according to The Japan Times. The Tokyo market got off to a weak start, battered by profit-taking after a three-day advance through Tuesday and an overnight drop on Wall Street, brokers said. The 225-issue Nikkei average closed down 97.72 points, or 0.46 percent, at 21,032.00. It slowly slipped further into negative territory, pulled down by a tumble in Hong Kong stocks and the yen's appreciation. Hong Kong stocks were hurt by massive protests over a proposed law revision to allow extraditions to mainland China. The Nikkei briefly sank nearly 200 points. ( As reported in the news.

walsh university: See correction below, according to The Independent. With residents living in small towns getting older, the population declining and less jobs, are small towns going to survive That's what leaders at Walsh University and the Renacci Center for Civic Engagement want to know. This story has been changed to fix an error. They are hitting the road on a journey to examine what is going on in small towns across the state. The university will host a series of public discussions through the end of the year. They want to hear from residents, business owners, educators and community leaders about the challenges they face as well as how they continue to thrive. ( As reported in the news.

world thanks: Photo Xinhua China remains the hottest investment destination in the world thanks to its complete industrial system and promising consumer market, Gao Feng, the spokesperson for the Ministry of Commerce said at a press briefing on Thursday in Beijing, rebutting reports that US tariffs are causing some companies to leave China, according to Global Times China. China has formed a complete industrial system with an accommodating basic infrastructure. Chinese economy is transitioning from high-speed growth to high-quality development. The business environment is also improving, and the consumer market is also upgrading and has bright prospects, Gao said. In the first five months, China's actual use of FDI in US dollar-denominated terms increased 3.7 percent year-on-year to 54.61 billion. He also noted that surging foreign direct investment FDI in China also showed foreign investors' confidence in the Chinese economy and market. ( As reported in the news.

management: Baldwin Investment Management Llc who had been investing in Apple Computer Inc for a number of months, seems to be less bullish one the 894.36 billion market cap company, according to MSNBC. The stock increased 0.10% or 0.19 during the last trading session, reaching 194.38. The institutional investor held 21,840 shares of the computer manufacturing company at the end of 2019Q1, valued at 4.15 million, down from 23,940 at the end of the previous reported quarter. About 15.16M shares traded. AAPL has risen 1.47% since June 13, 2018 and is uptrending. Apple Inc. ( As reported in the news.

newsletters: Email Sign UpBy signing up you agree to receive email newsletters or alerts from POLITICO. You can unsubscribe at any time, according to MSNBC. Facebook Twitter Email Print POLITICO Playbook Trump gives the impeachment crowd a gift By ANNA PALMER, JAKE SHERMAN and DANIEL LIPPMAN 06/13/2019 05 51 AM EDTPresented by President Donald Trump walks outside the White House on Wednesday, June 12. Sign up for POLITICO Playbook today. Jacquelyn Martin/AP Photo DRIVING THE DAYPresident DONALD TRUMP'S admission that he would accept a foreign government's assistance in an election -- and might not report it to the FBI -- is an absolutely stunning statement that would seem out of bounds to any and every reader of Playbook.THE PRESIDENT said this to ABC's George Stephanopoulos It's not an interference, they have information -- I think I'd take it. But when somebody comes up with oppo research, right, they come up with oppo research, oh let's call the FBI.' The FBI doesn't have enough agents to take care of it. If I thought there was something wrong, I'd go maybe to the FBI -- if I thought there was something wrong. ( As reported in the news.

ocean temperatures: The world has lost over half of its coral reefs in the past 30 years due to climate change, overfishing and pollution, according to CNN. Read more What is climate change Your questions answered Coral bleaching, which is caused by warmer ocean temperatures, has already destroyed half of Australia's Great Barrier Reef. Our marine habitats and rainforests find themselves on the frontlines of the planet's greatest conflict -- one that threatens countless species and the health of future generations -- the fight to avert a climate crisis. Read More By 2050, nearly all the world's reefs will be at risk, according to the US National Oceanic and Atmospheric Administration.'use strict';CNN. Videx CNN. Videx ;CNN. function data Obj 'use strict';var 'unmute ' data Obj ;if 'fave' player Instance null; else player Instance container Id && null; is Player Mute typeof data Obj.muted 'boolean' data Obj.muted false;if && player Property Obj player Property Obj.mute && if is Player Mute false unmuteCTA unmuteCTA.length 0 0;if remember Time 0 remember Time 360 / 'X', remember Time ; else function 'use strict';var vid EndSlate.length 0 Play Video Exist true true false;var config Obj thumb 'none',video '100%',height '100%',section 'domestic',profile 'expansion',network 'cnn',markup Id allow Native Fullscreen trueadsection '100%',frame Height '',is Live Player false,next Video Id '',next Video Url '',turn OnFlash Messaging Play Video Exist false auto Start Video false;if auto Start Video true if turn OnFlash Messaging true auto Start Video false;container El else Play Video Exist false auto Start Video, is Live Player, is Video Replay Clicked, new var i,vid Obj;if current Video Id && && 0 for i 0; i i vid Obj typeof vid Obj ! 'undefined' && vid Id current Video Id if i - 1 next Video Id current Video Collection i 1 .video Id;next Video Url current Video Collection i 1 .video Url; else next Video Id !next Video Url next Video Id window.jsmd && window.jsmd.v && window.jsmd.v.eVar60 ' 1' ; else next Video Id '';next Video Url container Id var next Video Url move ToNext Timeout set Timeout function location.href next Video Url; next Video Play Timeout ; else end Slate end Slate.length 0 mobile Pinned View on Player Ready function container Id var ' ' &&Modernizr && Modernizr.tablet 'fave' 0 'article' player Instance new false,transition function function function if mobile Pinned View function Storing pinned view on So that all players can see the single pinned player /CNN. Videx CNN. Videx ;CNN. CNN. mobile Pinned View; if Modernizr && ! && ! && !Modernizr.tablet if video Pinner new else function container Id, player Id, contentid, is Queue function container Id, player Id, video Id, paused if mobile Pinned View function container Id, player Id, metadata, content Id, duration, width, height var end Slate Len metadata ;if end Slate Len 0 function container Id, cvp Id, token, mode, id, duration, block Id, ad Type / Dismissing the pinned Player if another video players plays an Ad Modernizr && ! && ! && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, player Id, token, mode, id, duration, block Id, ad Type, instance, is AdPause if mobile Pinned View function container Id, Player Id, data Obj data Obj ;if mobile Pinned View &&typeof data Obj 'object' &&FAVE. Utils.os 'iOS' && !data Obj.fullscreen function container Id, cvp Id, event var CNNpanion && typeof 'function' Modernizr && ! && ! && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, cvp Id, content Id if Modernizr && ! && ! && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null end Slate end Slate.length 0 function container Id, cvp Id, content Id if mobile Pinned View Dismissing the pinned Player if another video players plays a video. Scientists estimate 50% of the coral on this natural wonder of the world was killed over the last two years by marine heat waves caused by climate change. CNNpanion && typeof 'function' function container Id, cvp Id, content Id if CNNpanion && typeof 'function' function container Id, cvp Id, content Id if Modernizr && ! && ! && !Modernizr.tablet if typeof video Pinner ! 'undefined' && video Pinner ! null function container Id, cvp Id, visible visible ; ;if typeof config Obj.context ! 'string' config Obj.context.length 0 config Obj.context '' ; if typeof config Obj.adsection 'undefined' && typeof window.ssid 'string' && window.ssid.length 0 config Obj.adsection Play Video Exist true true callback Obj, WATCHEDThe race to save the Great Barrier Reef Replay More Videos ...MUST WATCH context Video Object name The race to save the Great Barrier Reef description Australia is racing to save the Great Barrier Reef. ( As reported in the news.

taxi: That was the experience of astonished Sydney taxi driver Khairul Bashar at a petrol station in Penrith, where he filmed the price gauge unexpectedly surging from 15.29 to 42.97 in under a second, according to Nine News Australia. He claims it was the second time it had happened to him at 7-Eleven bowsers within three weeks - only this time he was filming the bowser on his phone as a precaution. To improve your experience update it here News National Sydney taxi driver's fuel price surges to 42.97 in under a second By Jayne Azzopardi Clair Weaver7 33pm Jun 13, 2019Facebook Tweet Mail It looks like a regular fuel pump, digits ticking over predictably as a driver fills up his car - until the figures suddenly skyrocket by 180 per cent. This had never happened to me before in 25 years of taxi driving, he said. I want to warn people to watch out when they are filling up. But it could be happening more often as people don't usually monitor their bowser closely. ( As reported in the news.

years: This is the terrifying prediction of astronomers probing the edges of the Milky Way for superflares - an explosive burst of energy from a star that can be seen from hundreds of light years away, according to Nine News Australia. Our study shows that superflares are rare events, but there is some possibility that we could experience such an event in the next 100 years or so, astronomer Yuta Notsu said in a statement. To improve your experience update it here News TechnologyA superflare from the sun could plunge Earth into darkness By Matt Dunn Senior Producer11 34am Jun 13, 2019Facebook Tweet Mail The sun could produce a massive superflare in the next 100 years that could wipe out all technology on our planet. A superflare could send Earth into darkness. This could have dire affects for those on life support in hospitals and would be almost impossible to predict and prevent. Credit NASA's Goddard Space Flight Centre Supplied He added if a superflare were to erupt from the sun, a wave of high-energy radiation would cause widespread black outs and disrupt communication satellites in orbit. ( As reported in the news.

article images: That would be the longest win streak since the six-day stretch ending April 23, which followed a nine-day win streak through April 8, according to Market Watch. What makes the current streak different, though, is that all six of the daily gains were of more than 1%. The last time the stock rose at least 1% for six straight days was the seven-day run ended Aug. 29, 2000. The technology giant's stock AAPL, -0.02% rose 1.2% Tuesday to post a sixth straight gain. Since then, there had been 20 four-session streaks of at least 1% gains. Fact Set, Market Watch Caption outside of wrapper for normal article images And, if history is any guide, Apple investors shouldn't be emboldened by the current win streak. The negative side of the current win streak is that the price remains more than 8.0% below its most recent peak of 211.75, reached on May 3, and 16.1% below its Oct. 3 record close of 232.07. ( As reported in the news.

data: It marked the biggest gain since last October and compared with economists' median estimate of a 0.8 percent decline in a Reuters poll, according to The Japan Times. In March, orders rose 3.8 percent. The upbeat data may solidify expectations that a planned sales tax hike will go ahead in October and offers some support for an economy hampered by faltering exports, slowing corporate earnings and factory activity. ; Cabinet Office data released Wednesday showed core machinery orders, a highly volatile data series regarded as an indicator of capital spending in the coming six to nine months, increased 5.2 percent in April from the previous month. Capital spending has been a bright spot in the world's third-largest economy, driven by investment in high-tech equipment and labor-saving technology to cope with a labor crunch in its aging society, as well as refurbishing demand for upgrading old plants and equipment. Underscoring the pressure on export-reliant Japan, external orders which do not account for core orders tumbled 24.7 percent month-on-month in April, reversing from the prior month's 9.0 percent gain and posting the biggest drop since November 2015. All the same, firms may turn cautious about boosting investment if uncertainty over the global economy and the bruising U.S.-China trade dispute persist, analysts say. ( As reported in the news.

chinese market: It aims to upgrade its public service vehicle fleet with those powered by clean energy by 2020, according to Global Times China. Photo VCG Tesla, which is betting big on the Chinese market, faces a new but ambitious cash-rich rival from the real estate sector, Evergrande Group, which announced in recent days a 160 billion yuan 23.12 billion investment in Guangzhou, capital of South China's Guangdong Province, to build production bases for electric vehicles. The tropical province issued a plan on Tuesday to boost the development of new-energy cars, vowing to ban the sales of fuel-based cars by 2030. The move, coming from a property developer that is good at deciphering China's policy moves, could intensify pressure on the US automaker, whose plans in China already face strong uncertainty amid an escalation of the trade war. Evergrande aims to invest 160 billion yuan in Guangzhou's Nansha district to set up three major bases for new energy vehicles, according to a statement the Nansha local government sent to the Global Times Wednesday. Some industry insiders say regulators could target Tesla after Ford, if China-US relations collapse. ( As reported in the news.

co-founder: Also pictured are female executives, Peek CEO Ruzwana Bashir and Sunrun co-CEO Lynn Jurich, however, as pointed out by Buzz Feed reporter Ryan Mac, they were not actually present for the picture - but rather added in after, according to The Independent. ISOCountry Groups euro at be cy ee fi fr de gr ie it lv lt lu mc mt nl pt sk si sm es va uk gb us us variants 1 33.4, 2 33.3, 3 33.3 We'll tell you what's true. The photo, posted to Instagram by Italian fashion designer Brunello Cucinelli and taken at his home in Solomeo, Italy, shows a group of entrepreneurs including Linked In co-founder Reid Hoffman, former Twitter CEO Dick Costolo, and Dropbox co-founder and CEO Drew Houston. You can form your own view. Subscribe now According to GQ, which published a story about the meet-up, Cucinelli invited the group, which included Amazon founder Jeff Bezos, to his home in Italy for a symposium on the soul and economy . The goal, according to the designer, was to discuss topics such as harmony with nature, what the entrepreneurs could do to benefit future generations, and what can we donate to humanity whenever we make a profit . Following Mac's confirmation that the female executives were Photoshopped into the photo, GQ removed the picture for not meeting GQ's editorial standards . In response to the Photoshop error, people on social media are criticising the lacklustre effort to portray diversity. From 15p 0.18 0.18 USD 0.27 a day, more exclusives, analysis and extras. ( As reported in the news.

coalition government: The case was a major test of the current state of libel laws in England and Wales, which were changed by the coalition government following a campaign led by Liberal Democrat peers who wanted to end London's reputation as the libel capital of the world . Bruno Lachaux, a French aerospace engineer, sued multiple news outlets in 2014 after they reported on his lengthy divorce and custody battle with his ex-wife Afsana Lachaux a former UK civil servant who worked with the likes of Gordon Brown and David Blunkett, according to The Independent. The pair were living in the United Arab Emirates when their marriage broke down, prompting a series of legal cases in the Emirati courts, which resulted in Bruno Lachaux having custody of their child. However, the judgment was welcomed by free-speech campaign groups as it established claimants now have to prove serious harm to their reputations in order to bring a successful libel case. Articles then began appearing in British news outlets including the Huffington Post, the Independent and the Evening Standard, alleging Bruno Lachaux had been abusive towards his ex-wife, had confiscated their son's passport to stop him leaving the UAE, and had made false claims of child abduction. Last year, the Huffington Post apologised and agreed to pay substantial damages and costs, but the Independent and the Evening Standard decided to take their appeal all the way to the supreme court. He strongly denied the allegation and successfully sued the news outlets for defamation in the English courts, with judges finding in his favour on multiple occasions. ( As reported in the news.

hardware production: Google is moving more hardware production out of China including some production of Nest thermostats and server hardware, a move to reduce the impact of rising US tariffs while facing a more unfriendly attitude by the Chinese government amid the trade war, Bloomberg reported on Wednesday, citing unidentified sources, according to Global Times China. Meanwhile, Foxconn, the largest contractor of Apple, said it is prepared to shift production for the iPhone and related products out of China if necessary, the Wall Street Journal reported on Tuesday, citing Young-way Liu, the head of Foxconn's semiconductor business group. Photo VCG Is decoupling of US and Chinese technology supply chains imminent amid the escalating trade war After Foxconn - a major contractor of US technology giant Apple - and Google reportedly moved part of their production lines out of China, industry representatives and analysts said increasingly disrupted supply chains will cause serious damage to US technology companies and warned them not to take the risk. We're always monitoring and assessing our supply chain and determining the operations network that will help us get great products into the hands of our customers, and we'll continue to do so, a Google spokesperson told the Global Times on Wednesday, declining to give further details about the company's supplier list and related information. A supplier who works closely with Foxconn told the Global Times on Wednesday that it is impossible Foxconn will take the risk of leaving China at this crucial moment, which will burn its bridges with Chinese authorities. Foxconn said it follows a strict company policy of not commenting on any matters related to current or potential customers, or any of their products. ( As reported in the news.

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