A surface-to-air missile shot down a U.S. military drone over the Strait of Hormuz, a U.S. official said Thursday.World Politicsread more
President Donald Trump has publicly blamed the Federal Reserve's interest rates hikes for holding back U.S. economic growth.The Fedread more
China's President Xi Jinping arrived in Pyongyang on Thursday morning for a state visit to North Korea — the first by a Chinese state leader in 14 years. Experts say the move...Asia Politicsread more
Gold prices spiked in the afternoon of Asian trading hours on Thursday after a dovish U.S Federal Reserve opened the door to further rate cuts, and the 10-year Treasury yield...Metalsread more
The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Waymo has signed a deal with Renault and Nissan to develop self-driving cars and trucks for use in France, Japan and possibly other countries in Asia, including China, the...Autosread more
It's crucial to note that the culprit behind attacks on two commercial tankers last week has not been conclusively proven.World Politicsread more
"No U.S. drone was operating in Iranian airspace today," a U.S. Central Command spokesman said, according to NBC News.World Politicsread more
The Fed left interest rates unchanged at its monetary policy meeting. The U.S. central bank did, however, drop the word "patient " from its statement and said it would "act as...Asia Marketsread more
As the presidents of U.S. and China near a highly anticipated meeting on trade, the gap in both sides' expectations regarding a deal remains wide.World Politicsread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Italy's anti-trust watchdog said on Wednesday it was fining Apple and Samsung 5 million euros ($5.7 million) each following complaints they used software updates to slow down their mobile phones.
Apple was hit with an additional 5 million euro fine for failing to give clients clear information about how to maintain or eventually replace handset batteries.
Italian consumer groups had complained that software updates for mobile phones reduced the functionality of the devices and were designed to push clients into buying new handsets.
The anti-trust body said in a statement that some Apple and Samsung firmware updates "had caused serious dysfunctions and reduced performance significantly, thereby accelerating the process of replacing them."
It added the two firms had not provided customers adequate information about the impact of the new software "or any means of restoring the original functionality of the products."
Apple acknowledged last year that iPhone software had the effect of slowing down some phones with battery problems, but denied it had ever done anything to intentionally shorten the life of a product.
The company apologized for its actions and cut battery replacement costs. It has also said it would change its software to show users whether their phone batteries were working well.
Samsung's software updates for its phones have not previously been questioned.