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Google to scrub web search results more widely to soothe EU objections
By Julia Fioretti BRUSSELS (Reuters) – Google will start scrubbing search results across all its websites when accessed from a European country to soothe the objections of Europe's privacy regulators to its implementation of a landmark EU ruling, a person close to the company said. The U.S. company has been at loggerheads with several European Union data … View post: Google to scrub... [Read more]
BMW, Volkswagen, Daimler recall vehicles in U.S. with Takata air bags
FRANKFURT/WASHINGTON (Reuters) – The three largest German automakers said they will recall 2.5 million vehicles in the United States equipped with Takata Corp air bags, the latest moves in a long-running safety crisis involving the Japanese automotive supplier. On Wednesday, Volkswagen AG said it would recall 850,000 vehicles and BMW said it would recall 840,000 vehicles. The vehicles to be... [Read more]
Fed’s Fischer worried by emergency credit reporting rules
A top Federal Reserve policymaker on Wednesday expressed concern that U.S. reforms enacted after the global financial crisis may have made it harder to stem a credit market panic, a warning that came… Read the original here: Fed’s Fischer worried by emergency credit reporting rules Read More →
Yellen: Fed not likely to reverse course on rates despite risks
Tightening financial conditions and uncertainty over China pose risks to the U.S. recovery, but chances are slim the Federal Reserve would need to reverse the rate tightening cycle it began in December, Fed Chair Janet Yellen told U.S. lawmakers… Originally posted here: Yellen: Fed not likely to reverse course on rates despite risks Read More →
Micron21 prepares to launch DDoS mitigation datacentre
Micron21 is preparing to deliver DDoS protection as a service to its global network, which will be hosted from its Melbourne-based datacentre from July. Read the original: Micron21 prepares to launch DDoS mitigation datacentre Read More →
Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil market: SPA
Saudi Arabia's oil minister Ali al-Naimi discussed cooperation between OPEC members and other oil producers to stabilize the global oil market with his Venezuelan counterpart on Sunday, state news agency SPA reported. Venezuela's Oil Minister Eulogio Del Pino, who is on a tour of oil producers to lobby Read the original: Saudi, Venezuela talk of OPEC, non-OPEC cooperation to stabilize oil... [Read more]
China says EU should take steel dumping claims to WTO
China's Ministry of Commerce said that claims it was dumping steel in Europe should be put to the World Trade Organization (WTO), responding to reports that the European Commission (EC) was preparing to impose duties on imported Chinese steel. WTO members should fulfill their treaty obligations and stop using “surrogate countries” to pursue anti-dumping claims, a Ministry of Commerce... [Read more]
Viacom names CEO Dauman as chair as Redstone exits; daughter protests
By Jessica Toonkel NEW YORK (Reuters) – Viacom Inc's board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone's daughter, who voted against Dauman. Viacom announced on Thursday that the ailing 92-year-old Redstone was becoming chairman emeritus, a day... [Read more]
Rising U.S. layoffs hint at ebbing labor market momentum
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff. Signs of creeping employment… See original here: Rising U.S. layoffs hint at ebbing labor market momentum Read More →
Obama to seek new tax on oil in budget proposal
U.S. President Barack Obama will propose a $10-a-barrel fee on oil in his budget plan next week, as the White House seeks to boost the nation's investments in clean transportation projects, the White House said on Thursday. The fee, which would be paid by oil companies, is likely to fall flat in the Republican-controlled Congress. In the last year of his presidency, Obama has said the country... [Read more]