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Facebook, Cambridge Analytica sued in U.S. by users over data…

NEW YORK ( ) – Facebook Inc (FB.O) and the political consulting firm Cambridge Analytica have been sued in t,上海夜生活乌托邦Jace,he United States for obtaining information belonging to 50 million of the social media company’s users without permission.

The proposed class-action complaint filed late Tuesday night by Lauren Price, a Maryland resident, is the first of what could be many lawsuits seeking damages over Facebook’s ability to protect user data, and Cambridge Analytica’s exploitation of that data to benefit President Donald Trump’s 2016 campaign.

“Every Facebook user has an interest in this lawsuit, and the enforcement of their privacy rights,” John Yanchunis, a lawyer 上海夜生活论坛for Price, said in a phone interview on Wednesday.

The complaint was filed in the U.S. District Court in San Jose, California, several hours after Facebook was blamed in a shareholder lawsuit filed in nearby San Francisco for the drop in its stock price after the data harvesting was revealed. Nearly $50 billion of market value was wiped out in two days.

Facebook and Cambridge Analytica did not immediately respond on Wednesday to requests for comment.

Price accused Facebook and London-based Cambridge Analytica of negligence and violating a California unfair competition law.

She said the harvesting contravened Facebook’s privacy policy, in which the Menlo Park, California-based company said user trust was “important to us” and that it would not share information without permission and notice.

“Our client saw a tremendous uptick in political messaging during the campaign on her Facebook page, which she had never seen,” Yanchunis said. “She had a glimmer of understanding at the time, but now sees there was an attempt to influence her vote.”

The complaint seeks unspecified damages, including possible punitive damages.

Yanchunis, who has also been suing V,上海夜生活桑拿会所Mace,erizon Communications Inc (VZ.N) over data breaches at its Yahoo Internet business affecting 3 billion accounts, said it should be a “fairly easy exercise” to identify potential Facebook class members.

He said cybersecurity experts can assist with the case, and that Facebook “leaves a footprint of what was taken that cannot be erased.”

The case is Price v Facebook Inc et al, U.S. District Court, Northern District of California, No. 18-01732. The shareholder case is Yuan v Facebook Inc et al in the s,上海夜生活网419Rachel,ame court, No. 18-01725.

Oil edges up but rising crude supply checks gains

NEW YORK ( ) – Oil prices edged higher in choppy trade on Thursday after the International Energy Agency said global oil demand is expected to pick up this year, but warned s上海夜生活upply is growing at a faster pace.

Prices notched their second consecutive day of gains, as West Texas Intermediate (WTI) crude CLc1 futures rose 23 cents to settle at $61.19 a barrel, a 0.4 percent gain. Brent crude LCOc1 futures rose 23 cents to settle at $65.12 a ba,上海夜哪里艳遇Hadrian,rrel.

Rising global oil demand, along with supply constraints from the Organization of the Petroleum Exporting Countries, has helped keep oil above $60 a barrel.

The IEA said global crude demand would pick up this year, which was “reassuring” to investors, said Phillip Streible, senior market strategist at RJO Futures in Chicago.

However, the IEA also noted rising supply, limiting crude gains. The IEA believes non-OPEC supply, led by the United States, will grow by 1.8 million bpd this year, while demand will grow by about 1.5 million bpd.

The relentless climb in U.S. crude output C-OUT-T-EIA has loomed over markets, as production hit another record last week at 10.38 million bpd.

OPEC on Wednesday raised its forecast for non-member oil supply this year to almost double the growth predicted four months ago.

OPEC and other producers led by Russia began cutting supply in January 2017 to erase a global crude glut that had built up since 2014. This has been somewhat offset by surging U.S. crude production.

Prices bounced around after the United States announced new sanctions against Russian individuals and groups, including Moscow’s intelligence services and a Russian propaganda organization.

“The risin,上海夜生活Macey,g tensions between the West and Russia raise the potential for reduced trade flows and economic activity, which would diminish energy demand growth,” said John Kilduff, partner at investment manager Again Capital in New York.

Prices were supported in the morning by a pickup on Wall Street, but U.S. stocks,上海凤楼夜网Idaline, retreated throughout the day. The Dow Jones Industrial Average was still up about 0.5 percent, but the S&P 500 edged lower.

Recently, crude futures have moved in sync with equities.

Written by shyw on June 26, 2019 Categories: 上海夜生活 Tags: , ,

Exclusive: China to respond to U.S. tariffs, resist protectionism -…

GENEVA ( ) – China is preparing a range of responses to planned U.S. tariffs and will stand up to protectionism, but still hopes for dialogue, Beijing’s ambassador to the World Trade Organization (WTO) said on Thursday.

Zhang Xiangchen said China was considering a WTO complaint against the package of tariffs that President Donald Trump was expected to announce later on Thursday.

“This is a legitimate right for China to do that. But I would not exclude other options because, if the flood approaches, you have to bank up to keep it out,” he told .

Zhang spoke before a senior White House official said Trump would sign a memorandum later on Thursday to p上海夜生活论坛otentially slap tariffs on $50 billion of Chinese imports over forced transfer of intellectual property.

The announcement is the first in a string of U.S. trade restrictions to be aimed squarely at China.

U.S. Trade Representative Robert Lighthizer said on Wednesday the tariffs would target China’s high-technology sector and could also include restrictions on Chinese investments in the United States.

Trump’s protectionist trade policies have already caused a global outcry this year.

In January, he slapped steep import tariffs on solar panels and washing machines and this month worldwide steel and aluminum tariffs have followed, justified by a claim to “national security” under a Cold War-era law.

The European Union, Canada, Mexico, Australia, Brazil and South Korea won exemptions from the steel and aluminum tariffs, Canada and Mexico, Lighthizer said on Thursday.

Asked about the exemptions, Zhang said that “appeasement of protectionism” would not work. “If you surrender to protectionism, you will lose your credibility.”

The United States hopes that the national security claim will make the steel and aluminum tariffs immu,夜上海419龙凤论坛Cadence,ne to a challenge, but Zhang said they failed to pass the WTO test of being “essential” for national security.

“No one has seen the essential national security rationale behind the U.S. measures,” he said. “Even the senior officials of the United States fail to hide the real reasons.”

‘A FLAVOR OF TRADE WAR’

Thursday’s tariffs, under Section 301 of the 1974 Trade Act, would be even more difficult to defend, Zhang said, because in a previous ruling Washington promised to deploy them only with authorization from the WTO.

“The U.S. commitment is still there. But it seems that today they would like to ignore it. This issue can be brought back to the WTO and it will be challenged again.”

China and other WTO members might also retaliate against the solar tariffs with their own tariffs on U.S. goods, Zhang said.

“My colleagues in the capital have been preparing those options and this response. We still cherish the multilateral trading system very much, although there’s a flavor of trade war in the air.”

Asked about a possible U.S. WTO complaint about currency manipulation, Zhang said China had been prepared for such an argument since Trump m,夜上海论坛Quay,entioned it during his election campaign.

China is already under U.S. pressure at the WTO for its industrial overcapacity and its cyber security law.

Asked if China would invoke national security to avoid a ,上海足浴夜网联系方式Caitlin,WTO dispute over cyber security, Zhang said China would exercise self-restraint.

As well as deploying tariffs, the United States has undermined the WTO’s ability to cope with disputes by vetoing the appointment of new appeals judges.

“If the United States has the intention to paralyze the system no one can stop this,” he said, adding that China would keep trying to persuade Trump to unblock the system, although some in Geneva were talking about a plan B for the dispute settlement mechanism.

Zhang said he hoped for good relations with new U.S. ambassador Dennis Shea, who he said had promised to discuss the issue, and he did not want to consider a scenario of the WTO without the United States.

Activist Mckesson releases platform in Baltimore mayoral race

( ) – U.S. civil rights activist DeRay Mckesson released his full platform in the race for Baltimore mayor on Monday, proposals that include a $15-an-hour minimum wage and reforming the police department.

Mckesson, who was instrumental in the growth of the Black Lives Matter movement, was the last candidate to file paperwork before the campaign deadline this month.

“It’s a plan to change Baltimore, to make ,上海高端夜生活在那里Idaleen,Baltimore a place that works for people,” the 30-year-old activist said in announcing the plan on the Periscope video site.

Baltimore, a majority African-American city, was torn by rioting after a black man, Freddie Gray, died from an injury in police custody in April. Six officers are facing trial in the case.

Mckesson, th,上海新夜网龙凤Nadia,e son of two now-recovered drug addicts, had released police reform proposals this month that included banning arrest and citation quotas. He also backs ending civil asset forfeiture and “rough rides” and chokeholds by police.

The Teach for America alumnus and former school administrator called for free WiFi and broadband access for all residents. He backed reviving a proposed light-rail system scuttled by Maryland Governor Larry Hogan last year.

Mckesson, who rose to prominence during the 2014 protests in Ferguson, Missouri, over the police killing of an unarmed black teenager, said he would hire more inspectors to reduce sources of lead poisoning in children and would expand opportunities for artists in Baltimore.

Mckesson has called for a city minimum wage of $15 an hour, which would be among the highest in the United States. He backs a public bank and more requirements for companies to hire locally.

Mckesson also is in ,上海夜生活服务Mace,favor of expanded pre-kindergarten classes. He advocates changing state funding formulas so that tax breaks for developers do not cu上海夜生活论坛t into school funding.

His distinctive blue Patagonia vest has been seen everywhere from street demonstrations to the television show “The Late Show with Stephen Colbert.”

Twenty-nine candidates, including 13 Democrats, are running to replace Mayor Stephanie Rawlings-Blake, who is not seeking re-election. Primary voting for candidates will be held on April 26, with the actual mayoral vote being held on Nov. 8 alongside the presidential election.

Baltimore has not elected a Republican mayor in more than 50 years.

Google defeats lawsuit claiming YouTube censors conservatives

( ) – Google has won the dismissal of a lawsuit in California accusing YouTube of censoring conservative content.

In a decision late Monday, U.S. District Judge Lucy Koh said a nonprofit run by conservative radio talk show host Dennis Prager failed to show that YouTube infringed its free speech rights by placing age restrictions on its content.

The plaintiff, Prager University, said YouTube’s “animus” toward its “political identity 上海夜生活and viewpoint” led it to curb access to videos, including through its “Restricted Mode” setting, on such topics as abortion, gun rights, Islam and terrorism, despite its stated promise of neutrality.

But the judge said Google and YouTube, both units of Mountain View, California-based Alphabet Inc (GOOGL.O), did not qualify as “state actors” subject to the First Amendment by creating a “public forum” for speech.

“Defendants are private entities who created their own video-sharing social media website and make decisions about whether and how to regulate content that has been uploaded on that website,” Koh wrote.

“Plaintiff has not shown that defendants have engaged in one of the very few public functions that were traditionally exclusively reserved to the state,” she added.

The San Jose, California-based judge also dismissed a claim that YouTube engaged in false advertising by implying that Prager’s videos were “inappropriate.”

Koh gave Prager a chance to amend its lawsuit, and said the case “demands an analysis” of California’s state constitution “in the age of social media and the internet.”

Peter Obstler, a lawyer for Prager, said his client will review its legal options, including a possible appeal.

In court papers, Google had acknowledged that deciding which videos to restrict “may involve difficult, subjective judgment calls,” but said it should not be liable for trying to keep YouTube “safe and enjoyable for all users.”

YouTube, in a statement, said Prager’s videos “weren’t excluded from Restricted Mode because of politics or ideology,” and Koh’s decisio,上海夜网推油Pablo,n “vindicates important legal principles that allow us to provide differen,上海夜网千花Kaiden,t choices and settings to users.”

Google drew attention last August when it fired an engineer, James Damore, who had written an internal memo saying that biological differences led to fewer women in various technology jobs.

Damore sued Google in January, saying it was biased against white men with conservative views.

The case is Prager University v Google LLC et al, U.S. District Court, Northern Di,上海仙霞路夜生活Idris,strict of California, No. 17-06064.

Hyundai Motor shares slide following U.S. probe of air bag failures

SEOUL ( ) – Shares in Hyundai Motor tumbled on Monday on a U.S. probe into why air bags failed to deploy in some of its Sonata sedans, with investors fretting about potential recall costs for the once popular cars.

The probe, which follows crashes that reportedly killed four people and left six injured, will review the 2011 Sonata sedan as well as the 2012-2013 Forte made by affiliate Kia Motors Corp, encompassing some 425,000 vehicles.

It marks the second investigation by the U.S. National Highway Traffic Safety Administration into the South Korean duo in less than one year, exacerbating headaches for Hyundai which reported in January its worst annual earnings in seven years.

Hyundai issued a recall last month for more than 150,000 U.S. Sonatas after incidents of non-deployment were linked to electrical overstress in th,上海夜玩网论坛Octava,e air-bag control unit, but said it did not have a final fix.

“What I am concerned about is that the recall will be expanded to other markets,” said Ko Tae-bong, an analyst at Hi Investment & Securities.

The Sonata and Forte sedans were responsible for driving sales for Hyundai and Kia in key markets in recent years, although they are no longer as popular as they once were.

Ko estimated the U.S. r,上海夜生活论坛Sabina,ecall could cost as much as $575 million if air bags were replaced in 425,000 vehicles under review and the automakers 上海夜生活论坛were found responsible for the problem.

Hyundai Motor shares tumbled 4.8 percent while Kia Motors lost 3.7 percent. Parts supplier Hyundai Mobis fell 5.4 percent while the broader market was down 0.7 percent.

Hyundai declined to comment on whether the recall would be expanded. Kia said it has not confirmed problems with the air bags but added it would “act promptly to conduct a safety recall, if it determines that a recall would be appropriate.”

The automakers told the South Korean regulator that the Sonata and Forte models sold in the domestic market were not affected, an official at South Korea’s transport ministry told .

The U.S. regulator,夜上海论坛Gabe, said the air bag control units were built by ZF Friedrichshafen-TRW, a German auto supplier that acquired TRW Automotive in 2015, adding that it would determine if any other manufacturers used similar air bag control units and if they posed a safety risk.

The NHTSA also said that electrical overstress appeared to be the root cause in the 2016 recall by Fiat Chrysler America of 1.4 million U.S. vehicles for air bag non-deployments in significant frontal crashes.

Other problems on Hyundai’s plate include profit declines on its delayed response to the burgeoning SUV market and a diplomatic row with China.

Its U.S. sales fell 12 percent over January and February, compared with an average industry-wide market that was down 1 percent.

Last May, the NHTSA opened a formal investigation into the recall of nearly 1.7 million vehicles by Hyundai and Kia over engine defects. That followed concerns raised by a South Korean whistleblower with the regulator in 2016 that Hyundai had concealed defects and that recalls were not issued in a timely manner.

Boeing moves to keep 777X on track after engine snag

SEATTLE ( ) – Boeing Co (BA.N) has scrambled to reorganize testing of its new 777X to avoid being delayed by engine snags, while robots and mechanics are starting work on the fuselage, the executive who heads efforts to build the world’s largest twin-engined jet said in an interview.

Engine supplier General Electric (GE.N) began flight trials of its new GE9X jet engine on Tuesday after a three-month delay caused mainly by a problem in its compressor. But to put the engine development back on track it must build a new component.

During that time, Boeing will place two temporary engines on the first flight-test aircraft that is gradually beginning to take shape, starting with its lightweight carbon wings and now the fuselage, which Boeing says is on schedule.

The engines, identical in every other respect to the ones that will go into service, will be swapped for fresh ones with the new part before the first 777X carries out its maiden flight next year. The temporary engines will not be fired up, but having them in place will allow other tests to go ahead.

“Honestly, when this happened I thought ‘this is going to be bad’ and we just kept grinding and grinding at it, and we came up with some pretty creative things to test where we could, build where we could,” 777X Vice President and General Manager Eric Lindblad told .

“To put engines on and then take them off – that is all to protect the schedule,” Lindblad said.

The hurried rejig reflects the fact that after years of planning, production has begun in earnest – something evident from activity inside Boeing’s new high-tech wing center.

“We are at the point where it is time to start scaling up the speed that we build thi,上海夜网Nadine,ngs here,” Lindblad said inside the 1.3 million-square-foot (120,800-square-meter) fabrication plant where machines weave and bake major parts of the carbon wings.

The engine swap is also an example of how Boeing is trying to avoid eating into the ‘buffer’ traditionally built into development schedules. That’s because it faces a challenging two years before the latest version of its 777 enters service.

“We are now in the thick of it … There is no more waiting until later to solve problems,” Lindblad said. “There are still two years left. You cannot give away your buffer.”

The 777X aims to maintain Boeing’s grip on the ‘mini-jumbo’ market by leapfrogging Airbus SE’s (AIR.PA) 365-seat A350-1000. Boeing has sold over 300 jets, though activity has slowed.

‘MORE OPTIMISTIC’

So far, Boeing says it is on track to meet a 2020 target for delivering the first 406-seat 777-9 model to Emirates Airline.

But although the engine snag marks the first significant public slippage, Boeing has already faced a number of teething problems in building carbon wings and other components.

“Everything is hard at this point where you start building an airplane. When you ask me how wing assembly has been going, it’s been hard,” Lindblad said.

One of the problems involves fitting the carbon panels to the skeleton of spars and ribs, with the light but strong carbon-fiber material less forgiving than traditional aluminum.

“Assuming we continue to march our way through the plan that we have laid out, I feel pretty optimistic about (the engine) and I think that wing assembly is a matter of incorporating the learnings,” Lindblad said.

Six months ago, Lindblad says something else was making him feel “queasy”. Integration of aircraft systems in a special demonstration lab was not happening as quickly as planned.

“I am more optimistic today,” he said. He added that he would be “cautiously guarded” until the first flight, due in the first quarter of 2019.

Another headache has been producing enough wing stringers: reinforcing strips that go outwards from the fuselage.

“I feel confident we have got a plan for that so we are tracking basically back to schedule.”

Now Boeing must marry together the various wing parts and produce the long metallic fuselage.

Fuselage panels arriving from Japan have been loaded into a “Fuselage Automated Upright Build” (FAUB) machine used to fasten them. Boeing had delays when the machine was tried out on exist,上海夜网千花Radley,ing versions of the 777, but Boeing says the system is now running at full speed of five planes a month.

Drawing on experience of the smalle,上海夜生活男人好去处Paisley,r 737 MAX, which has absorbed production increases on a larger scale, Lindblad said the 777X production system had been set up to handle a targeted speed but would not disclose c上海夜生活网apacity.

“We are planning for world demand,” he said.

The first task is to get flight trials under way so that ambitious fuel-saving goals can be tested.

“Will we get four airplanes in the flight test on schedule? We’ll see. I think we have a pretty good shot at it.”

Blue Apron plans to sell meal kits in stores in 2018

( ) – Blue Apron Holdings Inc said on Thursday it plans to sell meal kits in stores this year, as it attempts to spur growth by attracting more people to its subscription-based service.

Blue Apron pioneered the meal-kit market, selling subscriptions for pre-portioned ingredients paired with recipes for restaurant-style meals like tilapia piccata and miso-glazed barramundi, but has faced new rivals including Amazon.com Inc.

Blue Apron said in an emailed statement to that the new multichannel offering will make the brand more ,上海夜生活乌托邦Jace,accessible to homes across the country.

The company did not disclose when it would start selling ,上海021夜网Jackson,the kits or which stores it was targeting.

Blue Apron Chief Executive Officer Brad Dickerson in an interview with the Wall Street Journal said he believes the company can find more customers for both that model and à-la-carte meals sold in stores and through its website.

“The access to consumers is much broader in this avenue than the avenue we’ve been operating in the past,” he said in an上海夜网 interview to the Journal.

Last week, Walmart Inc said it would launch meal kits priced between $8 and $15 that would be rolled out to more than 2,上海高端夜生活在那里Hallie,,000 stores in 2018, sending Blue Apron’s shares down as much as 5.8 percent.

Shares of Blue Apron were up nearly 2 percent in early trading on Thursday.

Where is the fear? Markets wave off global risks

SYDNEY ( ) – Simmering fears of a global trade war. An embarrassing political scandal in Japan. Rapid job-turnover inside the White House and the threat of faster interest rate hikes in the United States.

In any other era, this concoction would be a perfect recipe for heightened market volatility. But in recent months, markets have brushed aside risks and recurring bad news on geopolitics to stay focused on positive macro-economic cues.

And Guy Debelle, the Australian central banker who oversaw a review of global foreign exchange standards, s,上海夜网官方网站Quaid,ays it doesn’t make sense.

On Friday, the Reserve Bank of Australia deputy governor said in Sydney he finds it “puzzling that measures of volatility do not seem to embody much uncertainty”.

“I have expected that volatility would move higher structurally in the past and this has turned out to be wrong,” Debelle said. “But I think there is a higher probability of being proven correct this time.”

For Paul Dales, Sydney-based chief economist at Capital Economics, markets are “taking all of this in their stride as the global economy is fairly strong and is expected to stay strong both this year and next… it is probably right that the recent events shouldn’t derail that.”

Investors got a taste of what the spike in volatility might look like when in early February fears of faster U.S. rate hikes hammered world shares.

That sell-off was short-lived, though, and equity prices are now not too far from their February highs.

A gauge of market volatility .VIX is near all-time lows, while most estimates of the term premium for 10-year Treasuries US10YT=RR are around zero, or even negative, despite projections of multiple rate rises by the U.S. Federal Reserve this year and next.

This comes at a time the world is seeing the first synchronized global growth since 2007, with strong corporate earnings and blistering job-creation.

Higher rates could all but dampen the optimism, and that is just one of the many risks.

(GRAPHIC: Equities rally as volatility hits all-time low – reut.rs/2HFgLe9)

TRADE WAR

The danger of a global trade war looms after U.S. President Donald Trump slapped duties on imported steel and aluminum and has threatened further tariffs on Chinese goods.

In Japan, a cronyism scandal has engulfed Prime Minister Shinzo Abe and Finance Minister Taro Aso, causing uncertainty around political stability.

Yet the market response so far: stay calm and look away.

Despite shock events like Britain’s vote to leave Europe, the threat of a euro-zone break up and the potential for a nuclear war with North Korea, market volatility spiked only temporarily.

In fact, equity returns last year were among the highest since the 2008 global financial crisis. Emerging markets did well too, and the Australian dollar AUD=D4, considered a barometer for glo,上海晚上耍女人的地方Octavia,bal risk, jumped 8.7 percent in 2017, its best performance in seven years.

For Shane Oliver, Sydney-based head of investment strategy at AMP Capital, risks can create chances to buy.

“It’s hard to quantify geopolitical risks,” 上海夜网he said. “It often makes more sense for investors to focus on the opportunities they throw up, rather than taking long-term shelter fr,上海夜哪里艳遇Idaline,om them in low returning cash.”

Volkswagen unveils concept pickup truck at New York auto show

NEW YORK ( ) – Volkswagen AG (VOWG_p.DE) unveiled a prototype pickup truck at the New York auto show on Wednesday, a vehicle that would fill a gap in the German company’s U.S. product lineup in what is one of the most profitable segments of the American market.

The German automaker said the dual-cab, short-bed concept Volkswagen Atlas Tanoak pickup truck could be built off the same platform at its Chattanooga, Tennessee assembly plant, where it builds the Atlas SUV and Passat car.

Volkswagen said it does not currently have production plans for a U.S. pickup but “is keen to gauge the reactions of buyers and media, since pickup trucks are one of the biggest volume segments in the U.S.” The vehicle could compete with pickups like the Ho,上海夜玩网论坛Jacklyn,nda Ridgeline, executives said.

“We want to be a relevant player in this market. We want to definitely be a full-line automaker,” said Hinrich Woebcken, chief executive of the North American region for the VW, told reporters Tuesday in New York. “We want to be more American.”

Pickups accounted for about 16 percent of U.S. auto sales in 2017 and the best-selling vehicle is Ford Motor Co’s F-Series pickup trucks.

VW sells the Amarok pickup truck in Europe and other markets but not in the United States, where it faces a 25 percent import tariff. VW last sold a pickup truck in the United States in the mid-1980s.

The Tanoak, named aft上海夜网er a species of tree that is native to the United States’ Pacific Coast, is 214.1 inches long, some 15.8 inches longer than the Atlas, which makes it a large midsize pickup by U.S. standards.

Last week, VW announced it plans to invest $340 million to build a new sport utility vehicle in its Tennessee plant as demand surges for larger vehicl,夜上海论坛Fabi,es.

The vehicle will be a five-passenger SUV that will be branded as part of the company’s Atlas family and go on sale next year. A concept version called the Atlas Cross Sport Concept was unveiled Tuesday night ahead of the auto show.

The investment announcement is positive news for the U.S. car industry at a time when it is bracing for the impact of higher steel and aluminum tariffs.

VW said in February that 54 percent of its total own-brand volume sales were SUVs – a big shift ,上海夜生活去哪玩Fabiana,for a company that for years largely emphasized cars in the United States.

In addition to a seven-passenger Atlas, which went on sale last year, VW unveiled an all-new 2018 Tiguan SUV last year.

Supreme Court fight gives Democrats fuel to regain U.S. Senate control

WASHINGTON ( ) – A Supreme Court nomination battle that was ignited on Saturday with the death of Justice Antonin Scalia has given Democrats an explosive new issue that could bolster their chances of regaining majority control of the U.S. Senate.

The impact could be felt most acutely in “swing” states, where Republicans are trying to hold onto Senate seats, political strategists and analysts said. The high stakes are also expected to prompt greater voter turnout that could favor Democrats.ALSO ONREUTERS

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With no clear idea of who President Barack Obama will nominate as Scalia’s replacement, it was way too early to know exactly how this fight will play out in already rollicking presidential and congressional elections.

But, “in this hyper-polarized political environment we are currently operating in, I can only assume the battle over this (court) nominee will dominate the political debate from here on out,” said Jim Manley, a strategist and former top aide to Democratic senators.

Manley noted Republicans are facing tough races for Senate seats in swing states such as Ohio, Florida, New Hampshire, Wisconsin and Pennsylvania and could find themselves in even tighter spots because of the divisive fight over Scalia’s replacement.

These Republican candidates, who either already serve in the Senate or are vying for open seats, have to especially thread the needle in their politically divided states on social issues, like abortion rights, that so dominate Supreme Court confirmation fights.

Democrats already enjoyed an advantage in the November Senate elections, having to defend only 10 seats while 24 Republican seats are up for grabs in the 100-member chamber.

Democrats need a net gain of five seats to win back the majority they lost in the 2014 elections.

REPUBLICAN REFUSAL

Just hours after Scalia’s death at the age of 79, Senate Majority Leader Mitch McConnell proclaimed that whoever moves into the White House on Jan. 20, 2017 – and not Obama – should pick the replacement for the late conservative jurist.

The Senate must confirm presidential nominees to the life-time appointments at the nine-justice high court, whose recent decisions have had a deep impact on the country, from the legalization of same-sex marriage to election campaign finance.

“If the Republican leadership refuses to even hold a hearing, I think that is going to guarantee they lose control of the Senate, because I don’t think the American people will stand for that,” proclaimed Democratic Senator Patrick Leahy, who was interviewed on CNN’s “State of the Union” on Sunday.

Meanwhile, McConnell’s announcement sparked new fundraising pleas in the presidential and congressional campaigns, which already were awash in campaign contributions.

Ron Bonjean, a former top Republican Senate leadership aide and current political strategist, acknowledged that Republican Senate candidates from swing states “may be placed in an awkward position” by the Supreme Court fight.

While some may be pressured to join Democrats in calling for a confirma上海夜生活tion vote depending on who Obama nominates, Bonjean also saw a potential upsid,上海夜玩网论坛Lark,e for those Republicans.

With anti-establishment candidates like Donald Trump and Bernie Sanders far exceeding expectations in their quest for the presidency, Republican Senate candidates in swing states could feel emboldened to break from party ranks.

Senator Mark Kirk in Illinois, for example, is one of those Republicans in a swing state facing a potentially rough race.

The 2016 campaigns already were generating an avalanche of voter interest with control of the White House and Congress hanging in the balance.

Now, with the ideological control of the Supreme Court also to be decided, “That leads to only one conclusion: Increased turnout” of voters in November, said Larry Sabato, a University of Virginia political scientist.

Higher turnout often helps De,上海足浴夜网联系方式Fabiana,mocratic presidential candidates, which in turn could help Democratic Senate candidates.

However, Sabato also noted that with the Supreme Court vacancy ascending in importance, it could rally establishment Republicans who currently oppose the anti-establishment Trump to support him if he bec,上海021夜网Quaid,omes the party’s nominee.

And that, in turn, could boost Republican turnout in tight Senate races.

Uber to sell Southeast Asia business to rival Grab: sources

SINGAPORE ( ) – Ride-hailing firm Uber Technologies Inc [UBER.UL] has agreed to sell its Southeast Asian business to bigger regional rival Grab, sources with knowledge of the matter said on Sunday, in what would be the U.S. company’s second retreat from Asia.

The deal, which could be announced as early as Monday, marks the industry’s first big consolidation上海夜网 in Southeast Asia, home to about ,上海夜生活网交流Eden,640 million people, and puts pressure on rivals such as Indonesia’s Go-Jek, backed by Alphabet Inc’s Google and China’s Tencent Holdings Ltd.

As part of the transaction, Uber would get a stake of as much as 30 percent in the combined business, said a source with direct knowledge of the matter w,上海夜生活去哪玩Caitlin,ho did not want to be identified as the deal is not yet public.

Another source familiar with the deal said Uber would acquire a 25 percent to 30 percent stake in Grab, valuing the entire business at $6 billion, the same valuation it commanded in its most recent capital raising.

Uber and Singapore-based Grab, Southeast Asia’s biggest ride-hailing firm, declined to comment.

Expectations of consolidation in Asia’s fiercely competitive ride-hailing industry were stoked earlier this year when Japan’s SoftBank Group Corp made a multi-billion dollar investment in Uber.

SoftBank is also one of the main investors in several of Uber’s rivals, including Grab, China’s Didi Chuxing, and India’s Ola.

Ride-hailing companies throughout Asia have relied on discounts and promotions to attract both riders and drivers in the fast-growing market, driving down profit margins.

Uber, which is preparing for a potential initial public offering in 2019, lost $4.5 billion last year and is facing fierce competition at home and in Asia, as well as a regulatory crackdown in Europe.

It is also recovering from a year of scandals that saw co-founder Travis Kalanick forced out as chief executive in June amid U.S. criminal inquiries and a workplace marred by sexual harassment allegations.

SoftBank gained two seats on Uber’s board of directors through its investment and has said it wants the company to focus on growing in the United States, Europe, Latin America and Australia, but not in Asia, due to the lack of profitability.

Uber’s CEO Dara Khosrowshahi said at a conference in New York in November that the company’s Asia operations were not going to be “profitable any time soon,” particularly because of how heavily Uber was subsidizing rides there.

“The economics of that market are not what we want them to be,” he said at the time.

Khosrowshahi, who took over the top job at Uber in August, has been working to clean up the company’s financials ahead taking it public.

Still, during a visit to India in February, he pledged to continue investing aggressively in Southeast Asia.

Now that Uber is pulling out of Southeast Asia, attention may turn to the company’s operations in India, which accounts for more tha,上海高端夜生活在那里Fabian,n 10 percent of Uber’s trips globally, but is not making money yet.

Uber’s deal with Grab would be similar to the one struck in China in 2016, when a bruising price war ended in Didi Chuxing buying out Uber’s China business in return for a stake in the company.

Grab raised about $2.5 billion last July from Didi, SoftBank and others in a deal valuing the company at around $6 billion. Bloomberg first reported the deal.

Romney offers vote, little else, to Cruz in Republican election battle

WASHINGTON ( ) – Republican Mitt Romney said on Friday he would vote for U.S. Senator Ted Cruz in Utah’s presidential nominating contest, but the party’s 2012 election standard-bearer stopped short of an official endorsement as he urged voters to deny the nomination to front-runner Donald Trump.

In a Facebook post, Romney said,上海夜生活去哪玩Talon, a vote for Cruz in Utah’s caucus on Tuesday was the best way to prevent Trump from locking down the nomination, which would give opponents a chance to select another candidate at the part,夜上海419龙凤论坛Gabi,y’s July convention.

“The only way we can reach an open convention is for Senator Cruz to be successful in as many of the remaining nominating elections as possible,” Romney wrote.

Romney did not offer any praise for Cruz, who emerged as a favorite of the party’s most ardent conservatives after clashing with par,上海夜生活桑拿会所Earl,ty leaders in Washington. Romney did not say whether or not he would campaign with Cruz, a first-term senator from Texas.

Trump responded quickly. “Mitt Romney is a mixed up man who doesn’t have a clue. No wonder he lost!” he wrote on Twitter.

Cruz, acknowledging the tepid nature of Romney’s support, said the pledged vote enforces the idea that his campaign is the only one that can beat Trump, likening a vote for Ohio Governor John Kasich, the third remaining Republican contender, to tacit support for Trump.

“In my book, when someone says ‘I’m voting for you, and I encourage everyone else to vote for you,’ that’s pretty darn good,” Cruz, a self-styled Washington outsider, told reporters in Arizona. “And I’ll take that and take that happily.” Arizona also holds its nominating contest on Tuesday.

“As Mitt Romney observed today, if you want to beat Donald Trump, Cruz is the only campaign that can do it. That’s why he’s voting for me in Utah,” Cruz said.

Romney has emerged as one of the most prominent critics of Trump, the billionaire businessman and reality-TV star who has become the surprise front-runner in the battle to secure the Republican nomination for the Nov. 8 election. Romney, who lost to Democratic President Barack Obama in 2012, called Trump a “fraud” and a dangerous demagogue who would lose to Hillary Clinton, the Democratic Party front-runner, in November.

“Today, there is a contest between Trumpism and Republicanism,” Romney wrote, adding that Trump has encouraged racism, misogyny and violence. “I am repulsed by each and every one of these,” he wrote.

Kasich’s campaign called Romney’s turn to Cruz the result of “bad political advice.” “This is just the old establishment trying again to game the political system, but John Kasich’s defeated the Republican establishment his entire career,” the campaign said.

Romney’s support for Cruz comes a day after U.S. Senator Lindsey Graham threw his support behind the Texas senator, saying in similar fashion that Cruz has the best chance of stopping Trump, even though he thinks Kasich would have a better chance of winning in November’s general election. 上海夜生活网

Trump has continued to notch victories in the state-by-state nominating process as Republicans have failed to unite behind Cruz or Kasich. At this point, those who oppose Trump say their best bet is to prevent him from securing the 1,237 delegates he needs to lock up the nomination before the convention in Cleveland. So far, Trump has won 678 delegates.

Cruz would need to win 81 percent of the remaining delegates to reach a majority, according to the Cook Political Report. It is impossible for Kasich to reach 1,237 delegates, according to the nonpartisan election tracker.

Romney said Kasich has a “solid record” as a governor and he would have voted for him in Ohio last Tuesday.

Global stocks get lift from oil prices; Fed bets boost dollar

NEW YORK, 2018 – A rise in oil prices to three-week highs helped lift equity markets worldwide on Tuesday, while the U.S. dollar jumped ahead of a meeting of Federal Reserve policymakers, who are ,上海夜生活男人好去处Kaia,expected to go ahead with the first of at least three U.S,上海夜生活网419Mabel,. rate hikes this year.

U.S. technology stocks lagged broader markets, continuing a sell-off sparked by reports of large-scale misuse of Facebook user data. Facebook Inc (FB.O) shares lost 2.5 percent, continuing a slide that took nearly 7 percent off their price on Monday. While stocks on Wall Street climbed, Facebook’s drop kept the gains in check.

The Dow Jones Industrial Average .DJI rose 116.36 points, or 0.47 percent, to 24,727.27, the S&P 500 .SPX gained 4.02 points, or 0.15 percent, to 2,716.94 and the Nasdaq Composite .IXIC rose 20.06 points, or 0.27 percnet, to 7,364.30.

There were other tech-related problems, as well. An accident with an Uber test car UBER.UL on Monday that resulted in the first fatality involving a fully autonomous vehicle also weighed on Silicon Valley sentiment.

Shares in European chipmakers faced pressure, while Germany’s SAP (SAPG.DE) declined 0.5 percent, hit by a knock-on effect from U.S. business software peer Oracle, whose quarterly revenue missed analysts’ estimates.

“There certainly are some stocks where valuations look somewhat stretched… so we’re focusing our exposure within the technology sector on the cheaper end of the market,” said Mike Bell, global market strategist at JPMorgan Asset Management.

“We’re a bit more cautious on the more expensive and some of the more popular names in the sector,” he added.

FOCUS ON THE DOLLAR

The U.S. dollar climbed to a one-week high against the Japanese yen as traders limbered up for the start of a two-day Fed Reserve meeting.

With a quarter-point hike – its sixth since the Fed began raising interest rates in late 2015 – baked into market prices, major currencies were largely moving in ranges.

“Euro/dollar is being buffeted by cross currents, especially as both central banks (Fed and the ECB) are normalizing policy, but it needs an unexpected policy action to jolt markets,” said Neil Jones, Mizuho’s London head of currency hedge fund sales.

Markets expect at least two more U.S. rate hikes after Wednesday this year, although analysts acknowledged that the central bank’s ‘dot plot’ could potentially point to as many as four.

The Fed bets kept long-term U.S. bond yields edging higher, with short-dated yields up too.

The yield on 10-year Treasuries was up at almost 2.89 percent US10YT=RR, 6 basis points below the four-year high of 2.957 percent touched a month上海夜生活论坛 ago. Two-year notes US2YT=RR hit a 9-1/2-year high of 2.33 percent.

Among major commodities, oil prices jumped in line with the dollar as investors remained wary of growing crude supply, although tensions between Saudi Arabia and Iran provided some support. [O/R]

U.S. crude CLcv1 rose 2.24 percent to $63.52 per barrel and Brent LCOcv1 was last at $67.37, up 2 percent.

The potential for a trade war cast a shadow over export currencies after U.S. President Donald Trump imposed steep tariffs on steel and aluminum. The government is expected to unveil up to $60 billion in new tariffs on Chinese imports by Friday.

U.S. businesses were alarmed, with several large U.S. retail companies, including Wal-Mart Inc (WMT.N) and Target Corp (TGT.N), on Monday urging Trump not to impose massive tariffs on goods impo,上海晚上耍女人的地方Lark,rted from China.

The dollar index .DXY, tracking the greenback against a basket of major currencies, rose 0.74 percent, with the euro EUR= down 0.75 percent to $1.2241.

The Japanese yen weakened 0.42 percent versus the greenback to 106.54 per dollar, while sterling GBP= was at $1.3996, down 0.19 percent on the day.