A consortium of 15 Japanese banks had just signed up to implement new financial technology to clear and settle international financial transactions. Right now, most international financial transactions must pass through the US banking system’s network of correspondent accounts. This gives the US government an incredible amount of power; Instead of passing funds through the US banking system’s costly and inefficient network of correspondent accounts, blockchain technology provides an easy way for banks to send payments directly to one another.
The most valuable startup in the world, most recently valued at $62.5 billion was losing $1 billion a year in China, sold its Chinese operations to its competitor. Uber is investing so heavily in self-driving cars.
A US Navy patrol craft fired three warning shots at an Iranian Revolutionary Guard Corps boat Wednesday after US officials said it had harassed that patrol craft, CNN has learned. Another US patrol craft and a Kuwaiti Navy ship were also harassed in the incident, in the northern end of the Persian Gulf. Iranian boat came within 200 yards of one of the US Navy boats. When it failed to leave the area after the Navy fired flares and had a radio conversation with the Iranian crew,US officials said. Following standard maritime procedures, the Navy fired three shots into the water to ensure the Iranians understood they needed to leave the immediate area.
The trial of the country’s first female president accused of breaking the budget law opened in Brazil’s capital on Thursday and is broadcast by major TV channels, radio stations and Internet portals. During the first two days the Senate will hear the witnesses. Both the defense and the prosecution parties will address the senators. The exact date of the final vote is yet unknown. A two-thirds majority -54 senators - is needed to remove Rousseff from presidency.
Colombia’s government and the leftist FARC rebel organization have reached a final and comprehensive peace agreement which puts an end to Latin America’s longest war. The FARC campaign against successive Colombian governments began in 1964, leaving more than 220,000 people dead and more than six-and-a-half million displaced. After four years of negotiations, the pace deal will be signed Wednesday evening in Havana, Cuba.
Domino's Pizza Enterprises conducted a demonstration pizza delivery by drone in the New Zealand city of Auckland on Thursday, and afterwards said it aimed to be the first company to launch a regular drone service, late this year. Amazon and Google, have plans to make deliveries by drone as a result of which (or rather their money), aviation authorities in the United States, Britain, Australia and New Zealand have been relaxing rules to allow air deliveries. Last month, U.S. convenience store chain 7-Eleven Inc conducted first single commercial drone delivery including coffee, donuts and a chicken sandwich, as part of a trial.
Misleading advertising basis for a lawsuit filed August 25, 2016 against General Mills, maker of the brand Nature Valley Granola Bars, label their products’ packages with the words “Made with 100% NATURAL whole grain OATS.” The lawsuit was filed by Beyond Pesticides, Moms Across America, and Organic Consumers Association using the Richman Law Group  in Washington, DC, citing the District of Columbia’s Consumer Protection Procedure Act. Glyphosate, a key herbicide chemical active in several commercial and agricultural herbicides, has been found in General Mills’ natural granola bars.
China says it will provide the Syrian military with "medical and nursing professional training," urging a political solution to the conflict in the Arab country. In an apparent move in support of the Syrian government, the Chinese Defense Ministry announced Thursday that the military will provide training for Syrian armed forces on Chinese soil.
Select members of the public will be able to hail a free ride through their smartphones in taxis operated by nuTonomy, an autonomous vehicle software startup. While multiple companies, including Google and Volvo, have been testing self-driving cars on public roads for several years, nuTonomy says it will be the first to offer rides to the public. It will beat ride-hailing service Uber, which plans to offer rides in autonomous cars in Pittsburgh, by a few weeks.
WikiLeaks founder Julian Assange pledged to release new "significant" documents from US Democratic presidential candidate Hillary Clinton’s campaign before the election is held in November. "We are working around the clock, we have received quite a lot of material," Assange told Fox News.. "It’s a variety of different types of documents from different types of institutions that are associated with the election campaign… I think it’s significant."
The US Treasury Department has warned about possible retaliation if the European Commission pursues American companies like Apple, Amazon and Starbucks over tax avoidance. Obama administration warned the EU that the investigation could “create an unfortunate international tax policy precedent.”The US also criticized Brussels for setting unfair and “disturbing” precedents and singling out US companies.
US Vice President Joseph Biden arrived in Ankara as the invasion of Syria was unfolding. After reiterating Washington’s claim, lacking all credibility, that it “did not have any foreknowledge” of the coup, he declared the US government’s support for Ankara’s invasion of Syria and endorsed its key aims.
The largest German chain of retail stores that typically specializes in selling non-prescription medicines, cosmetics, healthcare and household products has added pepper spray to its ordinary product line, citing “growing demand” from female customers.
Czech Prime Minister Bohuslav Sobotka said on Tuesday (Aug 23) he does not want a "large Muslim community" and that each EU member should be able to choose how many migrants to accept. "We don't have a large Muslim community here," Sobotka said of the estimated 10,000 to 20,000 Muslims who live in the Central European country of 10.5 million people. "And to be honest, we don't want a large Muslim community to form here, given the problems we're seeing,"
Russian Foreign Ministry: "Moscow is deeply worried over the ongoing events in the area of the Syrian-Turkish border," the Russian Foreign Ministry said. "First and foremost very worrisome is the risk of a further deterioration of the situation in the zone of the conflict, including the possibility of civilian casualties it may entail and the soaring inter-ethnic contradictions between the Kurds and the Arabs."
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