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Microsoft Surface Laptop: New Chromebook rival coming later today?

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The high-end device will come equipped with the latest Intel i5 and i7 processors, which Microsoft claims will be faster than the i7 found on the MacBook while offering more battery life than any MacBook Air on the market. "A lot of students use MacBook Airs and MacBook Pros", Panay said on stage. The device comes in four colours, gold, platinum, blue, and burgundy and ditches a metal area around the keyboard for soft microfibre. Read More »

U.S. Treasury's Mnuchin says U.S. reserves right to be protectionist

This meeting helps lay the foundation for the G7 meeting of global leaders that will take place later this month in which President Trump will attend. "The global economy is facing a prolonged period of modest growth and high or rising inequalities in many countries, notably within countries with middle and lower income classes being particularly affected", the statement said. Read More »

United States believes North Korea launched KN-17 missile

Launched from Kusong, in western North Korea, the missile flew for 435 miles before landing in the Sea of Japan. And it says South Korea and Japan have been watching this situation closely with the U.S. Writing on his organization's blog, Wright pointed out that if the missile did reach that height and fly that long, it could reach the United States territory of Guam in the Pacific. Read More »

China's Xi says Belt and Road needs to reject protectionism

He was speaking to leaders and other officials from Asia, Europe and Africa at the event to promote Beijing's " Belt and Road Initiative". At its center is Xi's grand plan to better combine the rapidly expanding Chinese economy with the development of Asia, Europe, Africa and beyond. Read More »

3-run ninth pushes Philadelphia Phillies past Washington Nationals

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His absence would probably pave the way for extra work by Chris Heisey and perhaps Brian Goodwin. The Washington Nationals were rained out for the second day in a row on Friday. Tommy Joseph ended the shutout bid with a solo homer in the seventh off Gonzalez, who gave up just the one run and four hits in 6 2/3 innings. UP NEXT Phillies: RHP Jerad Eickhoff (0-3, 4.76) starts the opener of Philadelphia's first interleague series Tuesday, a three-game set in Texas. Read More »

Oil pinned near 5-month low as global oversupply weighs

Others, as quoted by the BBC, see the drop as an indication of "jittery" markets ahead of OPEC's May 25 meeting when an extension of the original cut agreement will in all likelihood be announced. " Oil prices tumbled amid concerns over rising USA production despite the high probability that OPEC members will agree to extend production cuts when they meet on May 25th, lthough any likelihood of an increase in the level of cuts remains slim with OPEC officials playing down this possibility", ... Read More »

API Data Mixed, Saudi's Reduce Supply to Asia

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Since mid-2016, USA output has grown by 10% to reach 9.3 million bpd. Saudi Arabia's energy minister, Khalid al-Falih, said on Monday that he expected Opec to agree to extend an agreement to limit oil production to the end of 2017 or possibly longer. Read More »

Coach snags handbag rival Kate Spade in $2.4 billion deal

The shares have risen 17 percent since December 27, a day before the first report that the company was looking to sell itself. A Kate Spade store stands in the SoHo neighborhood of Manhattan on May 8, 2017 in New York City. The transaction is expected to close in the third quarter of this year. Coach has always been considered a good home for Kate Spade , given Coach's focus on handbags and accessories and its department-store presence. Read More »

China, US seal trade deal as ties warm

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But those commitments came alongside an agreement for China to resume imports of USA beef and to speed up its approvals of genetically modified crops and other biotech products now awaiting Chinese licences. Firms that are foreign-owned will be able to provide China with credit rating services in the country. China represents 12 percent of the world beef trade and has a growing appetite for beef , he said. Read More »

Sinclair Broadcast Group to buy Tribune Media for $3.9 bn

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Sinclair, based in the Baltimore area, already owns 139 TV stations in 33 markets across the USA, many of them affiliates of ABC, CBS, NBC, Fox and the CW. Tribune Media has been looking for a potential buyer for more than a year. Tribune Media shares were up $2.61 to $42.90 in morning trading, while Sinclair shares gained $1.28 to $38.23. Read More »

Death toll in Baluchistan attack at 25

Television images showed people rushing injured to hospital and a few badly damaged vehicles. At least 37 people who received serious wounds from the blast were transferred to Quetta , said Dr Ahmed. "Twenty-five bodies have been shifted to two hospitals in Quetta ", said a district health officer in Mastung. It sounds lame when Balochistan's top officials say they have ordered a detailed report on the incident. Read More »

Oil prices extend rally to hold above $50 per barrel

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The industry group the American Petroleum Institute reported a fall in US crude inventories by 5.8 million barrels last week, which was more than the 1.8 million-barrel slide analysts predicted. WTI crude oil averaged $43.33 a barrel in 2016 and is forecast to rise to an average of $50.68 in 2017, down $1.56 a barrel compared with last month's estimate for 2017. Read More »

Steven Mnuchin at G7: 'We don't want to be protectionist'

The G-7 countries are Canada, France, Germany, Japan, Italy, the United States and U.K., with representatives of the European Union also attending. A Group of Seven communique issued on Saturday said officials were "working to strengthen the contribution of trade to our economies" - a weaker pledge than the statement from the Group of 20 leaders previous year to avoid protectionism in all its forms. Read More »

Oil price climbs as Opec offers early consensus on renewed deal

OPEC boosted estimates for growth in rival supplies by 64 percent as the USA oil industry's recovery accelerates, threatening the group's attempts to clear a surplus. Ole Hansen, the head of commodity strategy at Saxo Bank, said in a semi-regular newsletter emailed to UPI that crude oil storage level declines came as us production trends were moderating. Read More »

China Opens Belt and Road Forum for International Cooperation

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It covers an arc of 65 countries reaching from the South Pacific through South and Central Asia to Europe and Africa. Xi said Beijing will contribute an additional 100 billion yuan ($14.5 billion) to the Silk Road Fund set up in 2014 to finance infrastructure projects. Read More »

Merkel's conservative CDU wins key state election

Merkel's image as an experienced leader who can provide stability resonates with many risk-averse Germans. Projections for ARD and ZDF public television, based on partial counting, showed Merkel's Christian Democratic Union (CDU) beating the Social Democrats in North Rhine-Westphalia by about 34.5% to 30.5%. Read More »

Hedge funds cut bullish U.S. crude bets for second straight week

Global crude inventories have begun to erode, but fast-growing production outside the signatories to the deal, who pledged to remove 1.8 million bpd in supply from the market, have severely tested investors' faith in the ability of the world's largest exporters to tackle the glut. Read More »

Ransomware cyber-attack threat escalating - Europol

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In a post on Microsoft's blog, Smith says: "An equivalent scenario with conventional weapons would be the US military having some of its Tomahawk missiles stolen". The 200,000 victims included more than 100,000 organizations, Europol spokesman Jan Op Gen Oorth told The Associated Press. It was too early to say who was behind the onslaught and what their motivation was, aside from the demand for money. Read More »

Australia and NZ largely escape global cyber attack

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The unprecedented global ransomware cyberattack has hit more than 200,000 victims in more than 150 countries, says Europol executive director Rob Wainwright. "It might be that they're just being very quiet because they don't want to instil a lack of trust in their system", she said. - Who was behind the attack? Wainwright said Europol did not know the motive. Read More »

That Massive Global Cyberattack Is Bigger Than We Thought

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The attack held hospitals and other entities hostage by freezing computers, encrypting their data and demanding money through online bitcoin payment - $300 at first, rising to $600 before it destroys files hours later. That prediction seemed to be borne out Sunday. Germany's rail operator Deutsche Bahn said its station display panels were affected. Renault on Saturday said it had halted manufacturing at plants in Sandouville, France and Romania to prevent the spread of ransomware in its ... Read More »

AG Sessions Urges More Mandatory Minimums, Rand Paul Slams Back

Holder's 2013 "Smart on Crime" policy initiative was aimed at encouraging shorter sentences for nonviolent drug offenders, thus freeing up resources to pursue more serious and violent criminals. "We will enforce the laws passed by Congress pure and simple", he said at an awards ceremony in Washington D.C, adding that prosecutors deserved to be "unhandcuffed and not micro-managed from Washington ". Read More »

Here are the major events leading up to Comey's abrupt firing

Reporting quickly indicated that it was Comey's handling of that investigation - and not his handling of the Clinton one - that had led to his firing. Trump also hit back on Friday at media reports questioning the credibility of White House accounts of why Comey was sacked, which have changed over the course of the week and threatened an end to regular White House press briefings . Read More »

Snapchat shares slide as growth slows

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Facebook shares tumbled 11 percent, while Twitter shares fell by 24 percent. "Just because Yahoo has a search box doesn't make it Google". Close to $2 billion of the loss of $2.2 billion for Snapchat during the three-month period just concluded, involved the costs of stock compensation related to the initial offering by the company. Read More »