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Olaplex's legal win over L'Oreal a morale boost for startups

L’Oreal SA, the world’s largest beauty company, was ordered by a US federal jury to pay US$91.4 million for stealing trade secrets from California startup Olaplex. Olaplex had accused the French giant ...More

EJ Insight2019-08-15

US aviation regulator bans recalled MacBook Pros from flights

The Federal Aviation Administration (FAA) in the United States has banned certain models of Apple's MacBook Pro laptops on flights, after the company recalled select units which had batteries posing f ...More

EJ Insight2019-08-14

Trump’s one-way economy

... re the US Federal Reserve to reduce interest rates. After all, his recent Twitter tantrum on this issue came shortly after the Fed’s decision to cut its policy rate by 25 basis points. In Trump’s view ...More

EJ Insight2019-08-14

A currency war will only weaken growth

...  need for Federal Reserve repurchases, while China has been forced to devalue the yuan as capital flight intensified in the country (more than US$40 billion in the first half, according to the IIF, re ...More

EJ Insight2019-08-13

Trump's deficit economy

... July, the Federal Reserve Board reversed its policy of returning interest rates to more normal levels, after a decade of ultra-low rates in the wake of the Great Recession. Then, the United States ha ...More

EJ Insight2019-08-12

The currency manipulation game

... ng the US Federal Reserve to cut interest rates, Trump has explicitly attempted to talk down the currency. Clearly, he sees the world as a game of competitive depreciation. The Trump administration ha ...More

EJ Insight2019-08-12

Disgraced US financier found dead in jail in apparent suicide

... ng the US Federal Bureau of Prisons. Epstein, a well-connected money manager dogged for years by allegations that he sexually abused girls and young women, was found hanging by his neck, according to ...More

EJ Insight2019-08-12

Lawsuit claims Tesla software update cut battery capacity

... alifornia federal court alleges fraud and seeks class-action status for the potentially “thousands” of such Model S and X owners around the world who have seen the range of their older-generation batt ...More

EJ Insight2019-08-09

Facebook loses facial recognition appeal, must face privacy suit

A federal appeals court rejected Facebook Inc.’s effort to undo a class-action lawsuit claiming that it illegally collected and stored biometric data for millions of users without their consent, Reute ...More

EJ Insight2019-08-09

Pakistan halts train service to India, bans films over Kashmir

... here. The federal government also broke up the state into two federal territories to allow it greater control, a move that regional leaders said was a further humiliation. Kashmir remained under a com ...More

EJ Insight2019-08-09

Why Apple is curbing Facebook messaging apps

... suit in a federal court against Apple for alleged invasion of privacy. This, of course, is not good news for Apple, which has built its brand on a conscious effort of trying to protect the privacy of ...More

EJ Insight2019-08-08

US government contractors get first look at Huawei ban

The US agency responsible for government contracts released an interim rule for a ban on federal purchases of telecommunications equipment from five Chinese companies, including Huawei, Reuters report ...More

EJ Insight2019-08-08

Trump says China is 'killing us with unfair trade deals'

...  bets the Federal Reserve would have to cut interest rates further to counter growing recession risks. Trump told reporters at the White House on Wednesday that the market reaction had been anticipate ...More

EJ Insight2019-08-08

Pakistan to expel India ambassador over Kashmir

... es. Armed federal police manned mobile checkpoints across the city, limiting people’s movement. Knots of young protesters threw stones at soldiers, police and a witness said, amid anger over the telec ...More

EJ Insight2019-08-08

US appeals court voids Google 'cookie' privacy settlement

A US federal appeals court struck down Google’s class-action settlement meant to resolve claims it invaded the privacy of millions of computer users by installing “cookies” in their browsers, but payi ...More

EJ Insight2019-08-07

Trump dismisses fears of long trade war amid China warning

... St. Louis Federal Reserve Bank president James Bullard said the US central bank may be stuck with a volatile global trade environment for years. “I think of trade regime uncertainty as simply being hi ...More

EJ Insight2019-08-07

How Canada plans to support its media sector

... nt of the federal government’s advertising spending should go to print media, while a fixed percentage of total expenses should go to both print and online news outlets so as to promote a broad spectr ...More

EJ Insight2019-08-06

Australia's central bank holds rates

...  from the Federal Reserve out to the end of next year. Australia is fortunate in having the fiscal scope to juice the economy with the budget all but balanced and a relatively low level of government ...More

EJ Insight2019-08-06

Fed to develop own real-time payments system

The US Federal Reserve said it plans to develop its own round-the-clock real-time payments and settlement service, with an expected launch in 2023 or 2024, Reuters reports. The new service, dubbed Fed ...More

EJ Insight2019-08-06

China lets yuan weaken and stops buying US crops

... listening Federal Reserve? This is a major violation which will greatly weaken China over time!” Trump tweeted. Trump did not reveal any specific US response. Some analysts said the yuan move could un ...More

EJ Insight2019-08-06

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