Monday, 19 Oct 2020

These 5 factors are transforming the payments experience for both consumers and businesses

EU wins right to place tariffs on $4 bln U.S. goods in aircraft spat

  • EU wins right to impose tariffs on $4 billion in U.S. goods in retaliation for subsidies granted to Boeing.
  • Development could stoke transatlantic trade tensions just weeks before the U.S. presidential election.

The European Union has won the right to impose tariffs on $4 billion in U.S. goods in retaliation for subsidies granted to planemaker Boeing under a World Trade Organization (WTO) ruling on Tuesday.

The award, which partially mirrors U.S. tariffs on Airbus jets and confirms a decision first reported by Reuters on Sept 30, threatens to stoke transatlantic trade tensions just three weeks before U.S. presidential elections on Nov. 3.

However, negotiators on both sides say it could also lead at last to discussions to resolve a 16-year legal battle.

Herald morning quiz: October 14

Test your brains with the Herald's morning quiz. Be sure to check back on at 3pm for the afternoon quiz.

16 Perks of Prime Membership You May Not Know About

It’s Prime Day, Amazon’s nearly two-day massive sale, during which people who are members of its Prime subscription service will buy as many as 200 million items.

Prime has become the heart of Amazon’s retail business. By some estimates, Prime members buy two and a half times as much inventory, based on dollar amount, at as people who are not members per year. The reason Amazon has a Prime subscriber count of about 150 million is that the service gives consumers a number of advantages. At least 20 of them are good reasons people pay $119 a year.

One key benefit to Prime members is Prime Day itself. The event runs from midnight Pacific Time on Tuesday, October 13 through Wednesday, October 14.

Prime members in 19 countries can participate: the United States, United Kingdom, United Arab Emirates, Spain, Singapore, Netherlands, Mexico, Luxembourg, Japan, Italy, Germany, France, China, Canada, Belgium, Austria, Australia, Turkey and Brazil.

People who are not Prime members can participate via a free 30-day Prime membership. They add themselves to an army of over 150 million Prime members around the world.

Click here for 16 reasons people become Prime members

Elizabeth Holmes Loses Request to Throw Out Criminal Charges

In this article

Elizabeth Holmes lost her latest long-shot challenge to U.S. criminal charges that she was engaged in a massive fraud while running Theranos Inc.

The founder of the blood-testing startup sought dismissal of various counts in the U.S. government’s revised indictment, but U.S. District Judge Edward Davila in San Jose, California, sided with prosecutors in an order issued Tuesday.

Davila did, however, reiterate his earlier ruling that physicians aren’t victims of the alleged fraud by Holmes and her ex-boyfriend, Sunny Balwani, who was president of Theranos. The judge said he will hold the government to its promise not to argue at trial that Holmes and Balwani should be convicted of wire fraud based on a scheme to defraud doctors.

Read More: Theranos Ex-CEO’s Defense Signals She’ll Be Cast as Victim

Network Outage Halts Virginia Voter Registration on Last Day

A network outage brought Virginia’s voter registration system to a standstill on Tuesday, the state’s last day to register for the Nov. 3 election.

The Virginia Department of Elections in a tweet said a cable was cut near a technology center in central Virginia.

“This has affected the Department’s citizen portal along with local registrar’s offices across the Commonwealth,” Andrea Gaines, Director of Community Relations & Compliance Support for the Virginia Department of Elections, said in an email.

She said technicians for Verizon Communications Inc. were on site trying to repair the cut. Rich Young, a spokesman for Verizon, didn’t immediately reply to a phone call and email.

Citizens began reporting that the website was down as early as 9 a.m., according to the Virginia Information Technology Agency.

As of late September, Democratic presidential nominee Joe Biden was up 11 points over President Donald Trump in Virginia, according to RealClearPolitics average of polls.

Representative Don Beyer, a Virginia Democrat, tweeted that he’s “so very much hoping this is resolved soon and will be watching for updates.”

These 5 factors are transforming the payments experience for both consumers and businesses

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