U.S. import prices increased less than expected in April as a rebound in the cost of petroleum products was tempered by a decline in food prices. The Labor Department said on Friday import prices rose 0.3 percent last month. Data for March was revised to show import prices falling 0.2 […]
CNBC News
Formula One’s plans for Miami Grand Prix approved, but Lewis Hamilton isn’t entirely happy
Formula One (F1) has approved a new Miami street circuit Grand Prix to be added to the calendar in 2019. However, reigning World Champion Lewis Hamilton has suggested organizers might want to have a rethink before committing fully to the idea. The Mercedes driver indicated ahead of this weekend’s Spanish […]
Trump to sit down with major automakers to discuss fuel efficiency standards
U.S. President Donald Trump will meet 10 major automakers at the White House on Friday to discuss the fate of landmark fuel efficiency standards and a looming confrontation with California and other major states. A draft proposal circulated by the U.S. Transportation Department would freeze requirements at 2020 levels through […]
How China is working hard to be less reliant on US farmers
China is looking to boost its domestic production of soybeans, potentially becoming less reliant on U.S. farmers amid a tit-for-tat trade war between the world’s largest economies. China included lifting soybean production in a five-year plan issued in 2016, but in early April it announced that soybean farmers in China’s […]
Sanctioned Russian tycoon hands back his private jets
Russian tycoon Oleg Deripaska has handed back three private jets he was leasing because U.S. sanctions imposed on him last month make it impossible to keep using the planes, the firm retained by the owners to sell the aircraft said on Thursday. The aircraft are Gulfstream executive jets, favoured by […]
Apple says it’s found a ‘revolutionary’ way to make its devices more environmentally friendly
Apple has teamed up with aluminum producers Alcoa and Rio Tinto on a joint venture aimed at smelting aluminum without emitting greenhouse gases. The tech company said Thursday that “revolutionary” new technology created by the project replaces the use of carbon, which is normally used in the smelting process, with […]
Asian shares mostly advance as Wall Street’s gains support sentiment
Most Asian stocks closed higher on Friday, with positive sentiment partially driven by gains seen on Wall Street following softer-than-expected U.S. inflation data. Meanwhile, oil prices were slightly lower after reaching recent multi-year highs on geopolitical concerns. The Nikkei 225 closed up 1.16 percent, or 261.30 points, at 22,758.48 in […]
Meet the hydrogen-powered car trying to take on Tesla
While automakers are fixated on developing the next generation of electric cars, one British firm has other ideas. Riversimple is hoping that its hydrogen-powered two-seater car, which has a futuristic design crossed with retro traits, might be able to offer a viable alternative to electric vehicles. The Wales-based company has […]
This tiny chip uses A.I. to control sugar levels for critical diabetes patients without nurses present
For critically ill diabetes patients, making sure their blood sugar levels are correct is crucial. If they drop then glucose needs to be administered, but if they rise too high then insulin is required. Currently, this is done by nurses in hospitals, but one start-up has created an “artificial pancreas” […]
Here’s where major military powers stand in the global hypersonic arms race
Recent comments by U.S. defense officials have stoked worries that the world’s largest economy is losing the hypersonic arms race to Russia and China. But that’s a misleading notion, according to experts. The U.S. shouldn’t be compared to the other two nations because it has a different goal when it […]