Markets

Iran to keep exporting crude oil despite United States pressure: President Rouhani

Iran to keep exporting crude oil despite United States pressure: President Rouhani U.S. sanctions on Iran are causing unrest in the Middle East and North Africa (MENA) and oil price volatility is dragging regional economic growth, the International Monetary Fund ( IMF ) has said. "America's decision that Iran's oil exports must reach zero is a wrong and mistaken decision, and we won't let this decision be executed and operational", Rouhani said in a speech broadcast live on ... [Full Article...]

Vodafone admits finding hidden security flaws in Huawei equipment

Vodafone admits finding hidden security flaws in Huawei equipment This information was revealed by Bloomberg , which cited that back in 2011, Huawei had unauthorized access to Vodafone's fixed-line network in Italy. "This was nothing more than a failure to remove a diagnostic function after development", the spokesperson wrote. The British government is still deliberating on the use of Huawei equipment in a future 5G network but aims to announce its decision ... [Full Article...]

Google Parent Alphabet Undershoots Q1 Estimates As Europe Fine Hits Results

Google Parent Alphabet Undershoots Q1 Estimates As Europe Fine Hits Results The company's shares fell 7.5 percent. Alphabet said currency exchange rates and changes to its ad product had depressed its financial performance and would continue to do so in the second quarter. Given the faltering legacy ad business, Google is looking to its hardware and cloud businesses as new revenue centres. Wall Street analysts had forecasted revenue of $37.3 billion. [Full Article...]

Smart to discontinue sales in U.S., Canada

Smart to discontinue sales in U.S., Canada The article cites two unnamed sources in the know about the decision, which TechCrunch then alleges was confirmed by a Daimler AG spokesperson through an email statement. At less than nine feet long, the French-made ForTwo is the smallest auto sold in the United States, but has a starting price of $23,900 and an EPA combined range of just 108 miles per charge. [Full Article...]

Spotify has 2 million monthly active users in India

Spotify has 2 million monthly active users in India Spotify cited strong Family Plan growth and favorable reception to promotions involving Google Home Mini and Hulu as milestone drivers. Spotify spent about $400 million to buy Gimlet Media Inc., Anchor and Parcast, hoping that podcasting will turn the company into the world's top audio platform and reduce its reliance on music . [Full Article...]

Microsoft Forms Pact With VMware to Keep Up With Amazon

Microsoft Forms Pact With VMware to Keep Up With Amazon Dell Technologies and Microsoft have unveiled an expanded in-market partnership with VMware acting as an anchor point across cloud and digital technologies. As part of the agreement, Dell and Microsoft will pre-install Microsoft 365 cloud applications on Dell devices running the software maker's Windows 10. [Full Article...]

BC Ferries sailings cancelled due to mechanical issues

BC Ferries sailings cancelled due to mechanical issues High winds whipped across Metro Vancouver Saturday, disrupting travel on B.C. Ferries and forcing B.C. Place Stadium staff to close the roof for an afternoon Major League Soccer match. Those include all sailings between 12 p.m. and 10 p.m. Sunday, along with Monday's sailings between 6 a.m. and 12 p.m. BC Ferries is advising everyone with reservations that they will either be accommodated on ano... [Full Article...]

Iran says U.S. sanctions on its oil industry will damage market stability

Iran says U.S. sanctions on its oil industry will damage market stability China is Iran's number-one customer, while India is the second-largest buyer of Iranian oil, so the end of the USA waivers will mostly affect refiners in those two oil importers who will be scrambling to source crude from other sources or risk secondary US sanctions. [Full Article...]


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