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Huawei dealt ‘lethal blow’ by new US sanctions on chip supply
World News

Huawei dealt ‘lethal blow’ by new US sanctions on chip supply

The US Commerce Department on Monday announced fresh sanctions that restrict any foreign semiconductor company from selling chips developed or produced using US software or technology to Huawei, without first obtaining a license to do so. Restrictions announced in May had already limited companies such as Taiwan Semiconductor Manufacturing Company (TSM) from making and supplying Huawei with chips designed by HiSilicon, a subsidiary of the Chinese company. Monday's measures effectively extend that ban to all chip designers, such as Taiwan's MediaTek, whose shares plunged nearly 10% Tuesday. Washington has long alleged, without providing proof, that Huawei products threaten national security because they could be used to spy on Americans. Huawei, who did not respond to a request for comme...
Hezbollah member guilty in killing of ex-Lebanon PM
World News

Hezbollah member guilty in killing of ex-Lebanon PM

Beirut, LebanonPATRICK BAZ/AFP/Getty ImagesA U.N.-backed tribunal has ruled that a member of the Hezbollah militant group is guilty beyond reasonable doubt of involvement in the 2005 assassination of former Lebanese Prime Minister Rafik Hariri.The Special Tribunal for Lebanon said Salim Ayyash was guilty of involvement in the suicide truck bombing that killed Hariri and 21 others and injured 226 people in a huge blast outside a seaside hotel in Beirut on Feb. 14, 2005.The court is reading out verdicts against three other Hezbollah members also charged with involvement in the plot to murder Hariri. Source link
Amazon plans to add 3,500 jobs across six U.S. cities
World News

Amazon plans to add 3,500 jobs across six U.S. cities

Jeff Bezos, founder and CEO of Amazon, pictured on September 13, 2018.Bloomberg | Getty ImagesAmazon announced Tuesday that it is planning to create 3,500 new tech and corporate jobs across six major U.S. cities. The e-commerce giant said it will expand its tech hubs and corporate offices in Dallas, Detroit, Denver, New York (Manhattan), Phoenix, and San Diego. Amazon said it expects to invest $1.4 billion in the offices and add more square feet to each location. Beth Galetti, senior vice president of human resources at Amazon, said in a statement: "These 3,500 new jobs will be in cities across the country with strong and diverse talent pools. We look forward to helping these communities grow their emerging tech workforce."Of the new roles, 2,000 will be based in New York, where it has ...
WHO says world is far from herd immunity; Quest Diagnostics says it has ‘ample capacity’ for new tests
World News

WHO says world is far from herd immunity; Quest Diagnostics says it has ‘ample capacity’ for new tests

U.S. coronavirus cases appear to be ticking lower, with the seven-day average of newly reported infections falling below 50,000 for the first time in nearly a month. The U.S. reported 35,112 new cases of the virus on Monday, bringing the average over the past seven days to 49,132, down nearly 10% compared with a week ago, according to a CNBC analysis of data from Johns Hopkins University. New cases regularly drop early in the week as labs and local government offices reopen after the weekend.The following data was compiled by Johns Hopkins University:Global cases: More than 21.9 millionGlobal deaths: At least 774,600U.S. cases: More than 5.4 millionU.S. deaths: At least 170,500 Source link
How Covid-19 is changing our shopping habits
World News

How Covid-19 is changing our shopping habits

Amid lockdowns and social distancing, the pandemic is changing what consumers want and how they buy it. CNBC's Silvia Amaro looks at whether our new shopping habits are here to stay and how the retail sector sheds light on the health of the economy. Source link
Inside Google’s feud with GetYourGuide, Trivago, HomeToGo
World News

Inside Google’s feud with GetYourGuide, Trivago, HomeToGo

Philipp SchindlerJohannes Eisele | AFP | Getty ImagesBehind closed doors, Google is engaged in a bitter standoff with the online travel industry. The issue is global but German travel companies have been particularly outspoken on the matter.Activity booking platform GetYourGuide, hotel finder Trivago, and Airbnb rival HomeToGo have been feuding with the search giant about their unpaid advertising bills since the beginning of the coronavirus pandemic.Online travel companies were particularly exposed to the devastating economic impact of the Covid-19 outbreak as lockdown measures brought worldwide mobility to a near standstill. New bookings dried up and they had to refund tens of millions of dollars to customers that were unable to travel.In a joint letter, a group of German travel start-...
Yoox Net-a-Porter’s CEO Federico Marchetti on life after the pandemic
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Yoox Net-a-Porter’s CEO Federico Marchetti on life after the pandemic

Federico Marchetti, the CEO and chairman of Yoox Net-a-Porter GroupYoox Net-a-Porter GroupWhen Prince Charles became unwell with the coronavirus in March, Federico Marchetti, chairman and CEO of luxury fashion group Yoox Net-a-Porter, put pen to paper from his home in northern Italy. "From Lake Como, I wrote a letter to him to ask how he was," he told CNBC.The two had met when the prince and his wife Camilla, Duchess of Cornwall, visited the company's London office in 2018, and mooted a collaboration. "He's the one telling me: 'Buy less, but buy better,'" Marchetti recalled, referring to the prince's efforts around sustainability. "The first time I met him, he was showing me the shoes that he's wearing (for) such a long time."Green issues have long been a concern for the prince (now rec...
Liverpool, site of last surrender in US Civil War, grapples with its Confederate links
World News

Liverpool, site of last surrender in US Civil War, grapples with its Confederate links

Historian Laurence Westgaph leads tours of Liverpool highlighting the city’s slave trading past. Liverpool, England (CNN) — Tucked away in Liverpool's Toxteth Park Cemetery, amid the weathered memorials to long-dead residents, lies a link to a little-known part of this famous city's past. The two lichen-mottled graves sit side-by-side, as ivy slowly encroaches. These are the final resting places of James Dunwoody Bulloch, and his brother Irvine Stephens Bulloch. The Bulloch brothers died in Liverpool, but they were born an ocean away, in the US state of Georgia, and — like many Southerners of their generation — fought on the Confederate side in the American Civil War. James, a foreign agent for the Confederac...