Ethiopian Airlines still ‘believes in Boeing’ despite 737 Max crash, CEO says

The chief executive of Ethiopian airlines has said his company “believes in Boeing,” despite a tragic crash just over two weeks ago. A Boeing 737 Max 8 plane killed all 157 people on board on March 10 just minutes into its flight from Addis Ababa to Nairobi. Questions over the Boeing plane have arisen amid similarities with the crash of a Lion Air 737 Max plane in Indonesia last October that killed 189 people. “Let me be clear: Ethiopian Airlines believes in Boeing. Gebremariam also defended his


The chief executive of Ethiopian airlines has said his company “believes in Boeing,” despite a tragic crash just over two weeks ago. A Boeing 737 Max 8 plane killed all 157 people on board on March 10 just minutes into its flight from Addis Ababa to Nairobi. Questions over the Boeing plane have arisen amid similarities with the crash of a Lion Air 737 Max plane in Indonesia last October that killed 189 people. “Let me be clear: Ethiopian Airlines believes in Boeing. Gebremariam also defended his
Ethiopian Airlines still ‘believes in Boeing’ despite 737 Max crash, CEO says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: david reid, anadolu agency, getty images
Keywords: news, cnbc, companies, despite, crash, executive, believes, max, ethiopian, plane, issued, airlines, ceo, boeing, 737, killed


Ethiopian Airlines still 'believes in Boeing' despite 737 Max crash, CEO says

The chief executive of Ethiopian airlines has said his company “believes in Boeing,” despite a tragic crash just over two weeks ago.

A Boeing 737 Max 8 plane killed all 157 people on board on March 10 just minutes into its flight from Addis Ababa to Nairobi.

Questions over the Boeing plane have arisen amid similarities with the crash of a Lion Air 737 Max plane in Indonesia last October that killed 189 people.

“Let me be clear: Ethiopian Airlines believes in Boeing. They have been a partner of ours for many years,” Tewolde Gebremariam wrote in a statement Monday.

The executive added that he did not want to yet speculate on the cause of the Ethiopian crash but said the investigation was well underway and he expected to discover the truth.

Gebremariam also defended his airline’s training procedure, noting that Ethiopian pilots who flew the 737 Max 8 were fully trained on a service bulletin issued by Boeing and the Emergency Airworthiness Directive issued by the USA Federal Aviation Authority (FAA).


Company: cnbc, Activity: cnbc, Date: 2019-03-25  Authors: david reid, anadolu agency, getty images
Keywords: news, cnbc, companies, despite, crash, executive, believes, max, ethiopian, plane, issued, airlines, ceo, boeing, 737, killed


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Xiaomi shares plunge despite the Chinese tech giant’s earnings beat

Chinese smartphone maker Xiaomi saw its stock swoon during Wednesday trade despite posting a fourth-quarter earnings report that beat expectations the previous day. Xiaomi’s net profit for the fourth quarter more than tripled to 1.85 billion yuan (approx. $276 million), beating the 1.7 billion yuan average estimate of 10 analysts, according to Refinitiv data. Still, revenue for the period increased 27 percent to 44.4 billion yuan, which was lower than the 47.4 billion yuan average estimate of 13


Chinese smartphone maker Xiaomi saw its stock swoon during Wednesday trade despite posting a fourth-quarter earnings report that beat expectations the previous day. Xiaomi’s net profit for the fourth quarter more than tripled to 1.85 billion yuan (approx. $276 million), beating the 1.7 billion yuan average estimate of 10 analysts, according to Refinitiv data. Still, revenue for the period increased 27 percent to 44.4 billion yuan, which was lower than the 47.4 billion yuan average estimate of 13
Xiaomi shares plunge despite the Chinese tech giant’s earnings beat Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: eustance huang, josep lago, afp, getty images
Keywords: news, cnbc, companies, yuan, smartphone, chinese, earnings, plunge, billion, tech, successful, beat, reason, 2018, shares, refinitiv, according, revenue, despite, xiaomi, giants


Xiaomi shares plunge despite the Chinese tech giant's earnings beat

Chinese smartphone maker Xiaomi saw its stock swoon during Wednesday trade despite posting a fourth-quarter earnings report that beat expectations the previous day.

In Wednesday’s trading session in Hong Kong, shares of Xiaomi dropped 4.59 percent.

That move came a day after Xiaomi announced quarterly earnings that bested expectations. That’s despite 2018 being the “worst year ever for smartphone shipments,” according to market research company IDC, with tech heavyweights such as Apple and Samsung Electronics all warning of weakening sales.

Xiaomi’s net profit for the fourth quarter more than tripled to 1.85 billion yuan (approx. $276 million), beating the 1.7 billion yuan average estimate of 10 analysts, according to Refinitiv data.

Still, revenue for the period increased 27 percent to 44.4 billion yuan, which was lower than the 47.4 billion yuan average estimate of 13 analysts, according to Refinitiv data.

In an interview with CNBC’s “Squawk Box” ahead of the market open on Wednesday, Xiaomi CFO Shou Zi Chew attributed the company’s fourth-quarter performance to keeping efficiency at “a very high level.”

“Our entire operating expense for the year 2018 was still below 10 percent of our revenue and what we have done is, you know, we kept forcing ourselves to be more efficient as a company and return the savings to our users,” Chew said. “This is the reason why we were successful in 2018 and this is the reason why we will be successful going into the future.”


Company: cnbc, Activity: cnbc, Date: 2019-03-20  Authors: eustance huang, josep lago, afp, getty images
Keywords: news, cnbc, companies, yuan, smartphone, chinese, earnings, plunge, billion, tech, successful, beat, reason, 2018, shares, refinitiv, according, revenue, despite, xiaomi, giants


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Cathay Pacific says it’s ‘very happy’ with its Boeing fleet, despite recent 737 Max crash

U.S. plane manufacturer Boeing has been mired in controversy since its 737 Max 8 operated by Ethiopian Airlines crashed minutes after takeoff on Sunday, killing all 157 people on board. Despite recent safety concerns surrounding the 737 Max 8, Cathay Pacific’s CEO said Thursday he was “very happy” with the Hong Kong-based carrier’s Boeing fleet. Speaking to CNBC’s “Squawk Box Asia,” Rupert Hogg said “about 50-50” of the airline’s fleet is made up of Boeing and Airbus planes — namely, the Boeing


U.S. plane manufacturer Boeing has been mired in controversy since its 737 Max 8 operated by Ethiopian Airlines crashed minutes after takeoff on Sunday, killing all 157 people on board. Despite recent safety concerns surrounding the 737 Max 8, Cathay Pacific’s CEO said Thursday he was “very happy” with the Hong Kong-based carrier’s Boeing fleet. Speaking to CNBC’s “Squawk Box Asia,” Rupert Hogg said “about 50-50” of the airline’s fleet is made up of Boeing and Airbus planes — namely, the Boeing
Cathay Pacific says it’s ‘very happy’ with its Boeing fleet, despite recent 737 Max crash Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: shirley tay, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, cathay, crash, pacific, despite, 737, airlines, plane, recent, fleet, hogg, boeing, happy, operated, max, killing, ethiopian


Cathay Pacific says it's 'very happy' with its Boeing fleet, despite recent 737 Max crash

U.S. plane manufacturer Boeing has been mired in controversy since its 737 Max 8 operated by Ethiopian Airlines crashed minutes after takeoff on Sunday, killing all 157 people on board.

Despite recent safety concerns surrounding the 737 Max 8, Cathay Pacific’s CEO said Thursday he was “very happy” with the Hong Kong-based carrier’s Boeing fleet.

Speaking to CNBC’s “Squawk Box Asia,” Rupert Hogg said “about 50-50” of the airline’s fleet is made up of Boeing and Airbus planes — namely, the Boeing 777, Airbus A350 and A330. The airline does not fly the Boeing 737 Max.

“It is a tragedy, but we’re very happy with both sets of aircraft that we have,” Hogg said, in reference to Sunday’s deadly crash.

The fatal accident involving Ethiopian Airlines flight 302 — which killed all 149 passengers and eight crew members — comes less than five months after the same model plane operated by Indonesia’s Lion Air crashed shortly after taking off from Jakarta, killing all 189 on board.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: shirley tay, marcio rodrigo machado, getty images
Keywords: news, cnbc, companies, cathay, crash, pacific, despite, 737, airlines, plane, recent, fleet, hogg, boeing, happy, operated, max, killing, ethiopian


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Generali beats 2018 targets despite ‘challenging’ Italian market, raises dividend

“But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.” Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia. Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Ital


“But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.” Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia. Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Ital
Generali beats 2018 targets despite ‘challenging’ Italian market, raises dividend Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: reuters with cnbccom, pier marco tacca, getty images
Keywords: news, cnbc, companies, management, euros, despite, 2018, generalis, growing, targets, dividend, billion, market, business, beats, reflect, raises, generali, challenging, btps, economy, italian


Generali beats 2018 targets despite 'challenging' Italian market, raises dividend

Europe’s third-largest insurer said it would pay a dividend of 0.90 euros per share, up from the previous year’s 0.85 euros.

When it came to a potential European slowdown in 2019, however, Donnet said Generali was not concerned. He explained that people sought out the solutions Generali provided whether the economy was booming or lagging.

“Our business is very resilient, because when people do invest and the economy is growing, the property and casualty business is growing,” he said. “But when people do not invest because the economy is not growing, the life insurance business and asset management is growing.”

However he noted heavy competition in its domestic market, especially with motor insurance, adding that it was “challenging.”

“In Italy and France, by the way, we had to face very important claims … which obviously had a significant impact on the operating result,” he added.

Donnet also claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors.

“(Investors) do not struggle any more on this — we have demonstrated that we have a strong capital position. We have further increased our solvency ratio by 9 percentage points, so our exposure to BTPs is no longer an issue,” he told CNBC.

Generali has reserved up to 4 billion euros for acquisitions and growth as it looks to asset management and high-margin business in Latin America and Asia.

Clarification: This story has been updated to reflect that Donnet claimed that Generali’s 59 billion euros in Italian BTPs was not a concern to investors. The headline has also been changed on this story to more accurately reflect Generali’s earnings release.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: reuters with cnbccom, pier marco tacca, getty images
Keywords: news, cnbc, companies, management, euros, despite, 2018, generalis, growing, targets, dividend, billion, market, business, beats, reflect, raises, generali, challenging, btps, economy, italian


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Almost half of men say they don’t know what’s an acceptable compliment to give a coworker

Despite growing conversation around workplace harassment, thanks to the #MeToo movement and high-profile cases of powerful executives, like Harvey Weinstein, using their position to gain sexual favors, workers still aren’t sure what they’re supposed to do when they encounter harassment in their own workplaces. Instead, U.S. workers both acknowledge that workplace harassment happens but remain “alarming ambivalent” about it, according to a new survey of 1,227 U.S. employees, age 18 and older, rel


Despite growing conversation around workplace harassment, thanks to the #MeToo movement and high-profile cases of powerful executives, like Harvey Weinstein, using their position to gain sexual favors, workers still aren’t sure what they’re supposed to do when they encounter harassment in their own workplaces. Instead, U.S. workers both acknowledge that workplace harassment happens but remain “alarming ambivalent” about it, according to a new survey of 1,227 U.S. employees, age 18 and older, rel
Almost half of men say they don’t know what’s an acceptable compliment to give a coworker Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: kerri anne renzulli, pixelfit, getty images
Keywords: news, cnbc, companies, metoo, despite, whats, harassment, workplace, say, compliment, workers, jenkins, men, dont, gender, acceptable, work, coworker, half, workplacesinstead, know


Almost half of men say they don't know what's an acceptable compliment to give a coworker

Despite growing conversation around workplace harassment, thanks to the #MeToo movement and high-profile cases of powerful executives, like Harvey Weinstein, using their position to gain sexual favors, workers still aren’t sure what they’re supposed to do when they encounter harassment in their own workplaces.

Instead, U.S. workers both acknowledge that workplace harassment happens but remain “alarming ambivalent” about it, according to a new survey of 1,227 U.S. employees, age 18 and older, released by global HR consultancy Randstad.

More than half, 51 percent, of those surveyed said they know a woman who has been sexually harassed at work, but half also admitted they’d never spoken up after hearing a colleague make an inappropriate comment about a person of the opposite sex.

The data shows workers are not as concerned about these issues as we might expect to them to be, despite serious discussions around gender happening in the #MeToo era, Audra Jenkins, chief diversity and inclusion officer for Randstad North America, told CNBC Make It.

“The exceptions appear to be Millennials as well as minorities, who were more likely to recognize and report gender discrimination,” Jenkins said.


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: kerri anne renzulli, pixelfit, getty images
Keywords: news, cnbc, companies, metoo, despite, whats, harassment, workplace, say, compliment, workers, jenkins, men, dont, gender, acceptable, work, coworker, half, workplacesinstead, know


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Despite Brexit, bankers still like London for one big reason: Pay

“If London banks were to move their workforce to other European cities, average compensation packages would decrease. In Paris, bonuses can account for as much as 49 percent of a banker’s total compensation, according to Emolument, with a managing director’s bonus being approximately £153,000 ($200,254) out of a total £312,000 compensation package. For example a vice president at a bank can get £108,000 in Frankfurt compared to £90,000 in Paris, Emolument said. “The numbers (salary) are good in


“If London banks were to move their workforce to other European cities, average compensation packages would decrease. In Paris, bonuses can account for as much as 49 percent of a banker’s total compensation, according to Emolument, with a managing director’s bonus being approximately £153,000 ($200,254) out of a total £312,000 compensation package. For example a vice president at a bank can get £108,000 in Frankfurt compared to £90,000 in Paris, Emolument said. “The numbers (salary) are good in
Despite Brexit, bankers still like London for one big reason: Pay Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: spriha srivastava, matthew lloyd, bloomberg, getty images
Keywords: news, cnbc, companies, despite, brexit, emolument, reason, paris, bankers, salaries, lose, managing, big, frankfurt, total, compensation, london, pay, bonuses


Despite Brexit, bankers still like London for one big reason: Pay

“If London banks were to move their workforce to other European cities, average compensation packages would decrease. From analyst to MD (managing director), London offers the highest salaries and bonuses in the market,” Emolument said in its findings, which was first published last year but is regularly updated.

Different countries have different remuneration structures. In Paris, bonuses can account for as much as 49 percent of a banker’s total compensation, according to Emolument, with a managing director’s bonus being approximately £153,000 ($200,254) out of a total £312,000 compensation package.

Frankfurt can pay lower bonuses but have higher base salaries. For example a vice president at a bank can get £108,000 in Frankfurt compared to £90,000 in Paris, Emolument said.

“The numbers (salary) are good in London and for me personally, it is a lucrative business when dealing with clients. Moving out of here would mean the risk of losing key clients to other players on the street. When you lose business, you lose money too,” one banker told CNBC on the condition of anonymity due to the sensitive nature of the subject. They added that base salaries in London were better due to it being the traditional financial heart of Europe. “If we lose that status, then salaries could come down a bit.”

Emolument also surveyed nearly more than 1,000 executives working in these cities on how they feel about their workplace. While Frankfurt made it to the top of the charts for best work-life balance, Paris was the worst. The chart below outlines the results.


Company: cnbc, Activity: cnbc, Date: 2019-03-11  Authors: spriha srivastava, matthew lloyd, bloomberg, getty images
Keywords: news, cnbc, companies, despite, brexit, emolument, reason, paris, bankers, salaries, lose, managing, big, frankfurt, total, compensation, london, pay, bonuses


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Dollar rises again despite Trump trying to ‘jawbone’ the US currency lower

The U.S. Dollar Currency Index, which tracks the U.S. currency’s performance against others like the euro, was up 0.2 percent at 96.74. The moves came after Trump said on Saturday he was not pleased with how strong the dollar had become relative to other world currencies. “I want a dollar that’s great for our country but not a dollar that’s prohibitive for us to be doing business with other countries,” he said. Trump has sparked significant moves in the dollar previously, but experts say there i


The U.S. Dollar Currency Index, which tracks the U.S. currency’s performance against others like the euro, was up 0.2 percent at 96.74. The moves came after Trump said on Saturday he was not pleased with how strong the dollar had become relative to other world currencies. “I want a dollar that’s great for our country but not a dollar that’s prohibitive for us to be doing business with other countries,” he said. Trump has sparked significant moves in the dollar previously, but experts say there i
Dollar rises again despite Trump trying to ‘jawbone’ the US currency lower Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: fred imbert, hillary kladke, moment, getty images
Keywords: news, cnbc, companies, jawbone, currency, thats, lower, hiking, despite, investors, fed, trying, world, really, dollar, past, trump, rises


Dollar rises again despite Trump trying to 'jawbone' the US currency lower

The U.S. dollar rose against a basket of various currencies on Monday as investors looked past comments made by President Donald Trump over the weekend regarding the greenback.

The U.S. Dollar Currency Index, which tracks the U.S. currency’s performance against others like the euro, was up 0.2 percent at 96.74. Against the euro, the dollar gained half a percent and traded at $1.132.

The moves came after Trump said on Saturday he was not pleased with how strong the dollar had become relative to other world currencies. “I want a dollar that’s great for our country but not a dollar that’s prohibitive for us to be doing business with other countries,” he said.

Trump has sparked significant moves in the dollar previously, but experts say there is little he can do now to talk the currency down.

“I think currency investors are looking past those remarks,” said Aaron Hurd, senior portfolio manager of currency at State Street Global Advisors. The reason is “it’s unlikely Trump is going to be able to change the [Federal Reserve] outlook. When the Fed was hiking every quarter and projecting another hike, Trump would say something that would raise some concern that maybe he could change the Fed’s trajectory and have them slow down.”

“Now that the Fed is really in a patient, wait-and-see mode, there’s really not that much behavior to change. That’s already happened. The Fed has gone from hiking to doing nothing, so Trump’s comments don’t really matter unless Trump would be able to convince them to cut, but that’s a much more heroic assumption to make,” Hurd said.

The Federal Reserve signaled earlier this year it will be “patient” in raising rates this year after hiking four times in 2018.Trump criticized the Fed’s decisions throughout 2018. In October, he said the central bank had “gone crazy” by continuing to raise rates.

Over the past 12 months, the dollar has risen more than 7 percent and is up about 1 percent over the past month. Last year, the greenback gained more than 4 percent.

Chris Gaffney, president of world markets at TIAA Bank, said investors are lagely ignoring Trump’s attempt to “jawbone” the dollar as the odds of him changing the course of Fed policy are slim. He also said the key catalyst for the U.S. currency has been interest-rate differentials as short-term U.S. debt yields are higher than those overseas.

“It’s still a case of interest rates here in the U.S. are higher than anywhere in the developed world,” Gaffney said. “Therefore, when you look at the dollar versus the euro versus the yen, investors are paid more to hold dollars than to hold euros or yen right now.”

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Company: cnbc, Activity: cnbc, Date: 2019-03-04  Authors: fred imbert, hillary kladke, moment, getty images
Keywords: news, cnbc, companies, jawbone, currency, thats, lower, hiking, despite, investors, fed, trying, world, really, dollar, past, trump, rises


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Robocalls are rampant despite the Do Not Call list — FCC urges phone providers to help stop them

Hiya, a startup aiming to reduce telemarketing calls, estimates that Americans got 26.3 billion robocalls last year, a 46 percent increase from 2017. The FTC said consumers who still get scam calls can file a complaint. Pai, whose agency works with the FTC to prevent robocalls, said telemarketing calls are the No. The largest fines in the FCC’s 85-year history have been imposed on robocallers who have been bombarding American consumers with these scam calls.” “We empowered some of the carriers t


Hiya, a startup aiming to reduce telemarketing calls, estimates that Americans got 26.3 billion robocalls last year, a 46 percent increase from 2017. The FTC said consumers who still get scam calls can file a complaint. Pai, whose agency works with the FTC to prevent robocalls, said telemarketing calls are the No. The largest fines in the FCC’s 85-year history have been imposed on robocallers who have been bombarding American consumers with these scam calls.” “We empowered some of the carriers t
Robocalls are rampant despite the Do Not Call list — FCC urges phone providers to help stop them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: matthew j belvedere
Keywords: news, cnbc, companies, telemarketing, stop, rampant, calls, scam, help, fcc, rules, pai, despite, told, spoofed, providers, trade, robocalls, urges, list, phone


Robocalls are rampant despite the Do Not Call list — FCC urges phone providers to help stop them

The Federal Communications Commission, as part of a crackdown on the billions of unsolicited robocalls every year, is warning phone providers to implement technology to stop the scammers or face new government rules, FCC Chairman Ajit Pai said Tuesday

“Recently I told the industry, ‘Look, we need to adopt call authentication, essentially a digital fingerprint, for every single phone call this year. We need to have it now or otherwise it’s going to be regulatory intervention,'” Pai told CNBC’s Jon Fortt, in a “Squawk Box” interview from the Mobile World Congress trade show in Barcelona, Spain.

Hiya, a startup aiming to reduce telemarketing calls, estimates that Americans got 26.3 billion robocalls last year, a 46 percent increase from 2017. The average U.S. consumer received 10 spam calls per month last year, Hiya’s Robocall Radar report shows.

The National Do Not Call Registry is still operational, and the Federal Trade Commission suggests that Americans looking to reduce the number of unwanted calls sign up. The FTC said consumers who still get scam calls can file a complaint.

Pai, whose agency works with the FTC to prevent robocalls, said telemarketing calls are the No. 1 complaint at the FCC and the top consumer protection priority. “We really beefed up our enforcement efforts. The largest fines in the FCC’s 85-year history have been imposed on robocallers who have been bombarding American consumers with these scam calls.”

The FCC said the enforcement of its Truth in Caller ID Act, which prohibits the transmission of misleading or inaccurate caller ID information with the intent to defraud, resulted in over $200 million in fines issued in 2018 alone. On Feb. 14, the agency proposed new rules banning illegal spoofed text messages and international calls.

“Because of the internet we can get all of these calls from abroad [and] they seem to be coming from a local source,” Pai said. “We empowered some of the carriers to block calls that obviously spoofed; so the same area code, the next three digits are same. We want to empower them to take action.”


Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: matthew j belvedere
Keywords: news, cnbc, companies, telemarketing, stop, rampant, calls, scam, help, fcc, rules, pai, despite, told, spoofed, providers, trade, robocalls, urges, list, phone


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Robocalls are rampant despite the Do Not Call list — FCC urges phone providers to help stop them

Hiya, a startup aiming to reduce telemarketing calls, estimates that Americans got 26.3 billion robocalls last year, a 46 percent increase from 2017. The FTC said consumers who still get scam calls can file a complaint. Pai, whose agency works with the FTC to prevent robocalls, said telemarketing calls are the No. The largest fines in the FCC’s 85-year history have been imposed on robocallers who have been bombarding American consumers with these scam calls.” “We empowered some of the carriers t


Hiya, a startup aiming to reduce telemarketing calls, estimates that Americans got 26.3 billion robocalls last year, a 46 percent increase from 2017. The FTC said consumers who still get scam calls can file a complaint. Pai, whose agency works with the FTC to prevent robocalls, said telemarketing calls are the No. The largest fines in the FCC’s 85-year history have been imposed on robocallers who have been bombarding American consumers with these scam calls.” “We empowered some of the carriers t
Robocalls are rampant despite the Do Not Call list — FCC urges phone providers to help stop them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: matthew j belvedere
Keywords: news, cnbc, companies, scam, urges, list, rules, despite, trade, help, telemarketing, fcc, phone, told, spoofed, pai, rampant, providers, robocalls, calls, stop


Robocalls are rampant despite the Do Not Call list — FCC urges phone providers to help stop them

The Federal Communications Commission, as part of a crackdown on the billions of unsolicited robocalls every year, is warning phone providers to implement technology to stop the scammers or face new government rules, FCC Chairman Ajit Pai said Tuesday

“Recently I told the industry, ‘Look, we need to adopt call authentication, essentially a digital fingerprint, for every single phone call this year. We need to have it now or otherwise it’s going to be regulatory intervention,'” Pai told CNBC’s Jon Fortt, in a “Squawk Box” interview from the Mobile World Congress trade show in Barcelona, Spain.

Hiya, a startup aiming to reduce telemarketing calls, estimates that Americans got 26.3 billion robocalls last year, a 46 percent increase from 2017. The average U.S. consumer received 10 spam calls per month last year, Hiya’s Robocall Radar report shows.

The National Do Not Call Registry is still operational, and the Federal Trade Commission suggests that Americans looking to reduce the number of unwanted calls sign up. The FTC said consumers who still get scam calls can file a complaint.

Pai, whose agency works with the FTC to prevent robocalls, said telemarketing calls are the No. 1 complaint at the FCC and the top consumer protection priority. “We really beefed up our enforcement efforts. The largest fines in the FCC’s 85-year history have been imposed on robocallers who have been bombarding American consumers with these scam calls.”

The FCC said the enforcement of its Truth in Caller ID Act, which prohibits the transmission of misleading or inaccurate caller ID information with the intent to defraud, resulted in over $200 million in fines issued in 2018 alone. On Feb. 14, the agency proposed new rules banning illegal spoofed text messages and international calls.

“Because of the internet we can get all of these calls from abroad [and] they seem to be coming from a local source,” Pai said. “We empowered some of the carriers to block calls that obviously spoofed; so the same area code, the next three digits are same. We want to empower them to take action.”


Company: cnbc, Activity: cnbc, Date: 2019-02-26  Authors: matthew j belvedere
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Alibaba CEO rules out layoffs this year despite China’s slowing economy

Alibaba expects to avoid layoffs this year despite China’s economic slowdown, CEO Daniel Zhang said on Friday. The comments contradict Chinese media reports and market speculation about job cuts and a pull-back for China’s internet sector amid weakening domestic demand and an prolonged trade dispute with the United States. “When the economy is bad, the biggest advantage for online platforms is to create jobs.” This week reports circulated in Chinese media that e-commerce site and Alibaba rival J


Alibaba expects to avoid layoffs this year despite China’s economic slowdown, CEO Daniel Zhang said on Friday. The comments contradict Chinese media reports and market speculation about job cuts and a pull-back for China’s internet sector amid weakening domestic demand and an prolonged trade dispute with the United States. “When the economy is bad, the biggest advantage for online platforms is to create jobs.” This week reports circulated in Chinese media that e-commerce site and Alibaba rival J
Alibaba CEO rules out layoffs this year despite China’s slowing economy Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: wei zhiyang zhejiang daily press group, visual china group, getty images
Keywords: news, cnbc, companies, platforms, chinas, weibo, ceo, media, cuts, slowing, layoffs, despite, rules, alibaba, wont, reports, economy, chinese, zhang


Alibaba CEO rules out layoffs this year despite China's slowing economy

Alibaba expects to avoid layoffs this year despite China’s economic slowdown, CEO Daniel Zhang said on Friday.

The comments contradict Chinese media reports and market speculation about job cuts and a pull-back for China’s internet sector amid weakening domestic demand and an prolonged trade dispute with the United States.

“This year we not only won’t layoff employees, we will continue to utilise the resources on our platforms to boost consumption, bringing in more manufacturing and services orders,” Zhang said in a Weibo post.

“When the economy is bad, the biggest advantage for online platforms is to create jobs.”

This week reports circulated in Chinese media that e-commerce site and Alibaba rival JD.com Inc would lay off 10 percent of its senior executives. The company declined to comment directly on the cuts.


Company: cnbc, Activity: cnbc, Date: 2019-02-22  Authors: wei zhiyang zhejiang daily press group, visual china group, getty images
Keywords: news, cnbc, companies, platforms, chinas, weibo, ceo, media, cuts, slowing, layoffs, despite, rules, alibaba, wont, reports, economy, chinese, zhang


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