Economic Indicators5 hours ago (Mar 10, 2020 07:51PM ET) SYDNEY (Reuters) – A measure of Australian consumer sentiment slid to its lowest in more than five years this month as the mounting impact of the coronavirus shook confidence in the economic outlook, at least for the near term. Wednesday’s survey […]
Busiest U.S. port for China trade says coronavirus hits volume
Economic Indicators6 hours ago (Mar 10, 2020 07:06PM ET) (Reuters) – Cargo volumes at the Ports of Los Angeles and Long Beach, the No. 1 gateway for ocean trade with China, dropped sharply in February due to the coronavirus outbreak and lingering effects from the U.S.-China trade war, port operators […]
Wells Fargo CEO tells Congress bank has doubled down on regulatory issues
By Imani Moise (Reuters) – New Wells Fargo & Co (N:WFC) Chief Executive Charlie Scharf testified on Tuesday that substantial change was underway at the bank as lawmakers grilled him on the status of its remediation efforts and contingency plans related to coronavirus. “We are putting a substantially different group […]
A Disease Tracker Backed by Gates and Zuckerberg Tackles Covid-19
Jessica Manning had no experience with coronaviruses. The infectious disease researcher had lived and worked in Cambodia off and on since 2013, studying the mosquitoes of the Mekong Delta and how their saliva helps spread disease in humans. But in January, the country flagged its first Covid-19 patient, and the […]
EU open to compensating virus-hit firms, more help for Italy
Economic Indicators14 hours ago (Mar 10, 2020 11:31AM ET) BRUSSELS (Reuters) – The European Commission executive is ready to consider compensation measures for companies hit by the coronavirus outbreak, officials said on Tuesday, adding that additional support was on the cards for Italy. “The Commission is here to discuss possible […]
Construction Workers Embrace the Robots That Do Their Jobs
The International Union of Operating Engineers has plenty of big toys at its training center in Crosby, Texas, but one that began rolling across the 265-acre campus last week is an oddity. The modified Caterpillar 336 excavator can use onboard computers and sensors to perform by itself some of the […]
How Long Could the World Run on Geothermal Power?
Pop quiz: Of all the different ways of generating electricity or getting things (like cars) to do work, which of them don’t use energy from the sun? Fossil fuels? Nope. Millions of years ago, primeval plants drew energy from the sun to grow. But alas, those plants died and turned […]
These Industrial Robots Get More Adept With Every Task
Deep learning software makes sense of data like images or audio by looking for statistical patterns it has extracted from past data. Apple’s Photos app can automatically create an album of your pets because it has deep learning algorithms trained on thousands or millions of labeled images of cats and […]
Euro zone economy slowed in fourth-quarter, imports jump
Economic Indicators5 hours ago (Mar 10, 2020 06:56AM ET) BRUSSELS (Reuters) – The euro zone economy grew at a snail’s pace in the fourth quarter, figures on Tuesday confirmed, as investments and consumer and government spending just offset the impact of a sharp rise in imports. EU statistics office Eurostat […]
Jack Dorsey’s Reprieve as Twitter CEO May Not Last
For the past week, Silicon Valley has been on a deathwatch for Jack Dorsey’s CEO-ship at Twitter. No way he would survive the rapacious “activist investor” Paul Singer, who accumulated 4 percent of the company’s shares and submitted a slate of directors vowing to kick Dorsey all the way to […]