24 July, 2015 by The TZ Newswire Staff Comments Off on The Eurasian Big Bang: How China & Russia Are Running Rings Around Washington
The Eurasian Big Bang: How China & Russia Are Running Rings Around Washington
24 July, 2015 by The TZ Newswire Staff Comments Off on US Mint Sells Most Physical Gold In Two Years On Same Day Gold Price Hits Five Year Low
US Mint Sells Most Physical Gold In Two Years On Same Day Gold Price Hits Five Year Low
Three weeks ago, we reported that the US Mint had run out of physical silver on the same day silver plunged to its lowest price in 2015. This happened just days after the UK Royal mint announced that “during June, we experienced twice the expected demand for Sovereign bullion coins from our customers based in Greece.”
24 July, 2015 by The TZ Newswire Staff Comments Off on Fiat Chrysler U.S. to recall vehicles to prevent hacking
Fiat Chrysler U.S. to recall vehicles to prevent hacking
DETROIT/SAN FRANCISCO (Reuters) – Fiat Chrysler will recall 1.4 million vehicles in the United States to install software to prevent hackers from gaining remote control of the engine, steering and other systems in what federal officials said was the first such action of its kind. The announcement on Friday by FCA US LLC, formerly Chrysler Group LLC, was made days after reports that cybersecurity researchers used a wireless connection to turn off a Jeep Cherokee’s engine as it drove, increasing concerns about the safety of Internet-enabled vehicles.
24 July, 2015 by The TZ Newswire Staff Comments Off on Fed inadvertently publishes staff forecast for 2015 rate hike
Fed inadvertently publishes staff forecast for 2015 rate hike
Staff economists at the Federal Reserve see a quarter-point U.S. interest rate increase this year, according to forecasts the Fed mistakenly published on its website in a gaffe that drew criticism about its ability to keep secrets. The disclosure of the sensitive information is the latest blow to Fed’s reputation for secrecy around policy deliberations. Federal prosecutors are currently probing an alleged leak at the Fed of market-sensitive information to a private financial newsletter in 2012.
24 July, 2015 by The TZ Newswire Staff Comments Off on U.S. probing possible price-gouging by airlines after rail crash
U.S. probing possible price-gouging by airlines after rail crash
WASHINGTON/NEW YORK (Reuters) – The U.S. Transportation Department is investigating possible price gouging by the five biggest U.S. airlines while train service was disabled between New York and Washington following a deadly Amtrak crash in May, it said on Friday. The review involves Delta Air Lines Inc (DAL.N), American Airlines Group Inc (AAL.O), United Continental Holdings Inc (UAL.N), Southwest Airlines Co (LUV.N) and JetBlue Airways Corp (JBLU.O), all of which said they were cooperating with the probe.
24 July, 2015 by The TZ Newswire Staff Comments Off on Boeing names new head of 787 program, signals continuity
Boeing names new head of 787 program, signals continuity
Boeing Co (BA.N) on Friday named Mark Jenks as head of its flagship 787 Dreamliner passenger jet program, succeeding Larry Loftis, who will retire at the end of July. Jenks, who has been the program’s deputy head since January, will take over as its vice president and general manager, Boeing said. Jenks has been with the 787 program almost since its inception, Boeing said.
24 July, 2015 by The TZ Newswire Staff Comments Off on Focus turns to The Economist after FT sale
Focus turns to The Economist after FT sale
The Economist Group could become the latest British media business to undergo a change of ownership this year as its co-owner Pearson focuses on education, bankers and industry sources said. The company, whose weekly magazine was first published in 1843, is partly held by Pearson via the Financial Times, which is now in the process of being sold to Japan’s Nikkei. The remaining 50 percent of the Economist Group is controlled by a series of wealthy families and The Economist’s staff and former staff.