Google Assistant is better than Alexa or Siri at helping patients with their drugs, study finds

In the race among tech companies to bring their voice recognition technology into the realm of personal medicine, Google is the furthest along, according to a study published on Thursday in the journal Nature Digital Medicine. Fossat and Palanica said they activated Google Assistant, Amazon Alexa and Apple’s Siri and played individual audio clips from 46 English speaking people with the prompt, “Tell me about,” followed by the medication name. “We reviewed all the literature, and identified this


In the race among tech companies to bring their voice recognition technology into the realm of personal medicine, Google is the furthest along, according to a study published on Thursday in the journal Nature Digital Medicine. Fossat and Palanica said they activated Google Assistant, Amazon Alexa and Apple’s Siri and played individual audio clips from 46 English speaking people with the prompt, “Tell me about,” followed by the medication name. “We reviewed all the literature, and identified this
Google Assistant is better than Alexa or Siri at helping patients with their drugs, study finds Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: christina farr
Keywords: news, cnbc, companies, better, research, alexa, drugs, technology, health, finds, information, google, study, patients, assistant, voice, fossat, helping, palanica, medication, siri


Google Assistant is better than Alexa or Siri at helping patients with their drugs, study finds

In the race among tech companies to bring their voice recognition technology into the realm of personal medicine, Google is the furthest along, according to a study published on Thursday in the journal Nature Digital Medicine.

Researchers Yan Fossat and Adam Palanica from lab company Klick Health in Toronto tested technology from Google, Amazon and Apple to gauge how well their services comprehended the 50 most commonly prescribed medicines and whether they could provide accurate information to users.

Fossat and Palanica said they activated Google Assistant, Amazon Alexa and Apple’s Siri and played individual audio clips from 46 English speaking people with the prompt, “Tell me about,” followed by the medication name.

“We reviewed all the literature, and identified this one area of medication comprehension that is under studied,” said Fossat, in an interview with CNBC. “It’s especially important to research these voice assistant tools, given the growing demand for them in health care.”

None of the leading voice-activated home speakers were specifically intended for the medical sector, but research indicates they’re increasingly being used for medication information and reminders, and there’s rising interest in the technology in patients’ homes, doctors’ offices and hospitals.


Company: cnbc, Activity: cnbc, Date: 2019-06-19  Authors: christina farr
Keywords: news, cnbc, companies, better, research, alexa, drugs, technology, health, finds, information, google, study, patients, assistant, voice, fossat, helping, palanica, medication, siri


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Senators: We’re cracking down on shell companies and money laundering

To make matters worse, banking laws designed to detect and combat money laundering and illicit financial activities haven’t been updated comprehensively in decades. We’ve worked together to draft bipartisan legislation that would require U.S. shell companies to report their true owners so that law enforcement can better track and penalize illicit criminal activities. That’s why in addition to requiring greater transparency for shell companies and updating money laundering laws, our bill also inc


To make matters worse, banking laws designed to detect and combat money laundering and illicit financial activities haven’t been updated comprehensively in decades. We’ve worked together to draft bipartisan legislation that would require U.S. shell companies to report their true owners so that law enforcement can better track and penalize illicit criminal activities. That’s why in addition to requiring greater transparency for shell companies and updating money laundering laws, our bill also inc
Senators: We’re cracking down on shell companies and money laundering Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: sens mark warner, tom cotton, doug jones, mike rounds
Keywords: news, cnbc, companies, shell, illicit, laws, information, cracking, law, united, senators, financial, criminal, companies, laundering, money


Senators: We're cracking down on shell companies and money laundering

The U.S. Capitol building is seen reflected in a puddle at sunrise on the day of the U.S. midterm election as voters go to the polls across the country to elect 33 U.S. senators and all 435 members of the U.S. House of Representatives in Washington, U.S., November 6, 2018.

The United States has become one of the go-to destinations for the creation of anonymous shell companies, allowing human traffickers, terrorists, money launderers, sanctions evaders, kleptocrats, and other criminals to promote criminal activities here in the United States undetected.

To make matters worse, banking laws designed to detect and combat money laundering and illicit financial activities haven’t been updated comprehensively in decades.

As a result, our financial institutions are spending more money than ever before to adhere to outdated compliance rules, while regulators and law enforcement personnel are stuck fighting 21st century threats with 20th century tools.

As senators committed to protecting U.S. national security, upholding the rule of law, and promoting efficient government, we believe the time is right to reform our laws for combating illicit finance.

We’ve worked together to draft bipartisan legislation that would require U.S. shell companies to report their true owners so that law enforcement can better track and penalize illicit criminal activities.

The Improving Laundering Laws and Increasing Comprehensive Information Tracking of Criminal Activity in Shell Holdings Act (ILLICIT CASH Act) would modernize our antiquated money-laundering laws and ensure that public and private sector resources are used where they matter most.

Additionally, our legislation would facilitate information sharing between financial regulators and law enforcement, and upgrade the technology they use to fight terrorism and prevent criminals from exploiting our financial system.

Financial institutions, law enforcement professionals, national-security experts, regulators, businesses, transparency advocates, and human-rights activists agree that our current methods are falling short.

The United States is ranked second-worst in the world for its high levels of secrecy and offshore activities, according to the Tax Justice Network’s Financial Secrecy Index. Illicit finance has become such a problem that the Financial Action Task Force (FATF)—the premier international organization for combating money laundering—recently identified the United States as an outlier among developed nations for failing to disclose and track shell company ownership.

As we work to improve our policies for fighting illicit finance, we also want to protect legitimate privacy interests. That’s why in addition to requiring greater transparency for shell companies and updating money laundering laws, our bill also includes strict protocols for protecting personal information and stiff penalties for unauthorized disclosures of ownership information or personal data.

Legitimate U.S. businesses have much to gain from a crackdown on anonymous shell companies. Businesses will avoid lost revenue from counterfeit goods and risks to reputational damage from unknowingly dealing with criminal organizations.

At the same time, reporting this information shouldn’t mean hours of new paperwork or other costly reporting obligations. Our bill mandates that new corporate-reporting obligations be well-tailored and integrated within existing reporting requirements so they don’t place needless burdens on small businesses.

We’re encouraged by progress the House of Representatives has made on similar reforms and believe our legislation will provide tools to fight back against illicit financial and criminal activities in America.

We look forward to working with our House and Senate colleagues to move this important debate forward, bring the anti-money laundering system into the 21st century, and close our nation’s doors to shady shell companies and illicit financial activity.

Commentary by U.S. Sens. Mark R. Warner (D-VA), Tom Cotton (R-AR), Doug Jones (D-AL), and Mike Rounds (R-SD)

For more insight from CNBC contributors, follow @CNBCopinion on Twitter.


Company: cnbc, Activity: cnbc, Date: 2019-06-18  Authors: sens mark warner, tom cotton, doug jones, mike rounds
Keywords: news, cnbc, companies, shell, illicit, laws, information, cracking, law, united, senators, financial, criminal, companies, laundering, money


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Trump: ‘I think I’d take’ damaging info on 2020 rival from foreign operatives

President Donald Trump told ABC’s George Stephanopoulos that he would accept information on his 2020 opponent if it was offered by foreign operatives. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI,” Trump said. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI, if I thought there was something wrong.


President Donald Trump told ABC’s George Stephanopoulos that he would accept information on his 2020 opponent if it was offered by foreign operatives. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI,” Trump said. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI, if I thought there was something wrong.
Trump: ‘I think I’d take’ damaging info on 2020 rival from foreign operatives Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: christine wang
Keywords: news, cnbc, companies, foreign, damaging, fbi, information, id, stephanopoulos, operatives, life, think, wrong, trump, info, 2020, somebody, rival, opponent


Trump: 'I think I'd take' damaging info on 2020 rival from foreign operatives

President Donald Trump told ABC’s George Stephanopoulos that he would accept information on his 2020 opponent if it was offered by foreign operatives.

In an interview aired Wednesday, Trump presented a hypothetical situation in which “somebody comes up and says, ‘Hey, I have information on your opponent.’ Do you call the FBI?” The president went on to say, “I don’t think in my whole life I’ve ever called the FBI” and, “Give me a break. Life doesn’t work that way.”

When Stephanopoulos challenged Trump, saying that the FBI director believes a person presented with potentially stolen information should call the agency, the president responded, “The FBI director is wrong.”

In a clip circulated on Twitter, Stephanopoulos pushed back on Trump’s insistence to take the information over calling federal authorities, but Trump held firm, saying a person could “do both.”

“There’s nothing wrong with listening,” Trump said in a video from inside the Oval Office.

When Stephanopoulos suggested a transaction of that kind could constitute election interference, the president disagreed.

“It’s not interference. They have information. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI,” Trump said.

The taped comments come on the same day the president’s son, Donald Trump Jr., testified before the Senate Intelligence Committee in a closed door hearing. Members were expected to grill him on his meeting with a Russian lawyer linked to the Kremlin at Trump Tower in Manhattan on June 2016. That lawyer claimed to have damaging information about Hillary Clinton, the then-presumptive Democratic presidential nominee.

Watch the full ABC interview.

Below is the transcript of the clip:

Stephanopoulos: Your son, Don Jr., is up before the Senate Intelligence Committee today. And again, he was not charged with anything. In retrospect though- Trump: By the way, not only wasn’t he charged, if you read it, with all of the horrible fake news- I mean, I was reading that my son was going to go too jail — this is a good young man — that he was going to go to jail. And then the report comes out, and they didn’t even say, they hardly even talked about him. Stephanopoulos: Should he have gone to the FBI when he got that email? Trump: OK. Let’s put yourself in a position. You’re a congressman, somebody comes up and says, “Hey, I have information on your opponent. Do you call the FBI? I don’t think- Stephanopoulos: If it’s coming from Russia, you do. Trump: I’ll tell you what, I’ve seen a lot of things over my life. I don’t think in my whole life I’ve ever called the FBI. In my whole life. You don’t call the FBI. You throw somebody out of your office, you do whatever you do- Stephanopoulos: Al Gore got a stolen briefing book. He called the FBI. Trump: Well, that’s different, a stolen briefing book. This isn’t a stolen- This is somebody that said, “We have information on your opponent.” Oh, let me call the FBI. Give me a break. Life doesn’t work that way. Stephanopoulos: The FBI director says that’s what should happen. Trump: The FBI director is wrong. Stephanopoulos: Your campaign this time around, if foreigners, if Russia, if China, if someone else offers you information on opponents, should they accept it or should they call the FBI? Trump: I think maybe you do both. I think you might want to listen. I don’t- There’s nothing wrong with listening. If somebody called from a country — Norway — “We have information on your opponent.” Oh. I think I’d want to hear it. Stephanopoulos: You want that kind of interference in our elections? Trump: It’s not interference. They have information. I think I’d take it. If I thought there was something wrong, I’d go maybe to the FBI, if I thought there was something wrong. But when somebody comes up with oppo research, right, they come up with oppo research. “Oh, let’s call the FBI.” The FBI doesn’t have enough agents to take care of it. When you go and talk, honestly, to congressmen, they all do it. They always have, and that’s the way it is. It’s called oppo research.

— CNBC’s Dan Mangan contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-06-12  Authors: christine wang
Keywords: news, cnbc, companies, foreign, damaging, fbi, information, id, stephanopoulos, operatives, life, think, wrong, trump, info, 2020, somebody, rival, opponent


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New York, London and Paris remain the world’s most competitive cities — but perhaps not for long

New York, London and Paris continue to dominate as the world’s top three most competitive cities. That’s the conclusion of the 2019 Global Cities Report from management consulting company A.T. Kearney, which ranks the world’s major cities on their attractiveness for businesses and employees. For the tenth year in a row, New York (1st), London (2nd) and Paris (3rd) retained their titles as the world’s three most competitive cities based on a variety of factors including business activity and cult


New York, London and Paris continue to dominate as the world’s top three most competitive cities. That’s the conclusion of the 2019 Global Cities Report from management consulting company A.T. Kearney, which ranks the world’s major cities on their attractiveness for businesses and employees. For the tenth year in a row, New York (1st), London (2nd) and Paris (3rd) retained their titles as the world’s three most competitive cities based on a variety of factors including business activity and cult
New York, London and Paris remain the world’s most competitive cities — but perhaps not for long Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: karen gilchrist
Keywords: news, cnbc, companies, cities, york, competitive, human, long, capital, london, worlds, information, paris, global, remain


New York, London and Paris remain the world's most competitive cities — but perhaps not for long

New York, London and Paris continue to dominate as the world’s top three most competitive cities.

But their prime positions could be up for contention as progress across Europe, Asia and the Middle East shows signs of disrupting the status quo.

That’s the conclusion of the 2019 Global Cities Report from management consulting company A.T. Kearney, which ranks the world’s major cities on their attractiveness for businesses and employees.

For the tenth year in a row, New York (1st), London (2nd) and Paris (3rd) retained their titles as the world’s three most competitive cities based on a variety of factors including business activity and culture, human capital, political engagement and information exchange.

New York ranked especially highly for business activity and human capital, while Paris performed well for information exchange and London for culture.

The leading trio were joined in the top 10 of the “Global Cities Index” by Tokyo (4th), Hong Kong (5th), Singapore (6th), Los Angeles (7th), Chicago (8th), Beijing (9th) and Washington D.C. (10th).


Company: cnbc, Activity: cnbc, Date: 2019-06-11  Authors: karen gilchrist
Keywords: news, cnbc, companies, cities, york, competitive, human, long, capital, london, worlds, information, paris, global, remain


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Stretch your retirement savings the furthest in this state

Looking to stretch your retirement savings as far as it will go? The Magnolia state took top honors as the locale where retirees could live most comfortably, according to an analysis by GOBankingRates. The personal finance website studied consumer expenditure data from the Bureau of Labor Statistics, along with cost-of-living information from the Missouri Economic Research and Information Center. Accounting for annual consumption costs — including food, housing and health care — and a cash buffe


Looking to stretch your retirement savings as far as it will go? The Magnolia state took top honors as the locale where retirees could live most comfortably, according to an analysis by GOBankingRates. The personal finance website studied consumer expenditure data from the Bureau of Labor Statistics, along with cost-of-living information from the Missouri Economic Research and Information Center. Accounting for annual consumption costs — including food, housing and health care — and a cash buffe
Stretch your retirement savings the furthest in this state Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: darla mercado
Keywords: news, cnbc, companies, information, stretch, comfortably, website, furthest, state, statistics, live, savings, retirement, took, household, studied


Stretch your retirement savings the furthest in this state

Looking to stretch your retirement savings as far as it will go? Consider packing your bags for Mississippi.

The Magnolia state took top honors as the locale where retirees could live most comfortably, according to an analysis by GOBankingRates.

The personal finance website studied consumer expenditure data from the Bureau of Labor Statistics, along with cost-of-living information from the Missouri Economic Research and Information Center.

Accounting for annual consumption costs — including food, housing and health care — and a cash buffer in savings, a retired household can expect to spend $53,071 annually in Mississippi to live comfortably, GOBankingRates concluded.

The BLS assumed the average household age 65 and up would have 1.8 people in it.


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: darla mercado
Keywords: news, cnbc, companies, information, stretch, comfortably, website, furthest, state, statistics, live, savings, retirement, took, household, studied


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Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary

Facebook will announce its cryptocurrency later this month, and will allow employees working on the project to take their salary in the form of the new currency, according to a report in The Information. The report adds that Facebook is also planning physical ATM-like machines where users can buy the currency. The report says Facebook is soliciting third-party organizations to act as “nodes” to help manage the cryptocurrency, and has discussed charging $10 million for the privilege. Cryptocurren


Facebook will announce its cryptocurrency later this month, and will allow employees working on the project to take their salary in the form of the new currency, according to a report in The Information. The report adds that Facebook is also planning physical ATM-like machines where users can buy the currency. The report says Facebook is soliciting third-party organizations to act as “nodes” to help manage the cryptocurrency, and has discussed charging $10 million for the privilege. Cryptocurren
Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: matt rosoff
Keywords: news, cnbc, companies, salary, announce, information, employees, cryptocurrency, reportedly, allowing, help, nodes, manage, month, users, report, currency, company, facebook


Facebook will reportedly announce cryptocurrency this month, allowing employees to take it as salary

Facebook will announce its cryptocurrency later this month, and will allow employees working on the project to take their salary in the form of the new currency, according to a report in The Information.

About a year ago, the company appointed former PayPal executive David Marcus to begin exploring opportunities with blockchain, the technological underpinning for cryptocurrency. Since then, several outlets have reported that the company has been building its own digital currency, which users will be able to store, trade, and exchange for regular currency, in part through Facebook apps including Messenger and WhatsApp. The report adds that Facebook is also planning physical ATM-like machines where users can buy the currency.

Building an easy way for Facebook’s more than 2 billion users to pay for things and exchange money between countries could help the company diversify beyond advertising, which today accounts for nearly all of its revenue. Facebook’s ad model has faced criticism from privacy advocates, lawmakers and the press for the ways it collects and uses detailed information about users.

CEO Mark Zuckerberg highlighted payments as an important area for the company at its conference for developers earlier this year. However, operating chief Sheryl Sandberg and CFO David Wehner have “been skeptical of the initiative internally,” The Information said.

The report says Facebook is soliciting third-party organizations to act as “nodes” to help manage the cryptocurrency, and has discussed charging $10 million for the privilege.

Cryptocurrency nodes contain the computing power necessary to resolve complicated mathematical equations, which are used to validate transactions. They are typically decentralized and spread among thousands of parties, but Facebook is creating a foundation with named partners to help manage its currency, the report says.

A Facebook spokesperson declined to comment.

The full report is available to The Information subscribers here.

WATCH: Facebook shares fall as the company faces new probes


Company: cnbc, Activity: cnbc, Date: 2019-06-05  Authors: matt rosoff
Keywords: news, cnbc, companies, salary, announce, information, employees, cryptocurrency, reportedly, allowing, help, nodes, manage, month, users, report, currency, company, facebook


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US urges judge to deny Huawei motion in government effort to disqualify lawyer

The Huawei logo is display during CES 2018 at the Las Vegas Convention Center on January 9, 2018 in Las Vegas, Nevada. U.S. prosecutors on Monday asked a judge to reject a motion by China’s Huawei seeking information on the grounds for a government request to disqualify the company’s lead defense lawyer in a criminal case alleging bank fraud and sanctions violations. Last month, prosecutors argued Huawei lawyer James Cole’s prior position as the No. Huawei asked the court to review “overbroad” r


The Huawei logo is display during CES 2018 at the Las Vegas Convention Center on January 9, 2018 in Las Vegas, Nevada. U.S. prosecutors on Monday asked a judge to reject a motion by China’s Huawei seeking information on the grounds for a government request to disqualify the company’s lead defense lawyer in a criminal case alleging bank fraud and sanctions violations. Last month, prosecutors argued Huawei lawyer James Cole’s prior position as the No. Huawei asked the court to review “overbroad” r
US urges judge to deny Huawei motion in government effort to disqualify lawyer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04
Keywords: news, cnbc, companies, prosecutors, motion, official, judge, request, disqualify, lawyer, urges, huawei, effort, cole, deny, seeking, vegas, information


US urges judge to deny Huawei motion in government effort to disqualify lawyer

The Huawei logo is display during CES 2018 at the Las Vegas Convention Center on January 9, 2018 in Las Vegas, Nevada.

U.S. prosecutors on Monday asked a judge to reject a motion by China’s Huawei seeking information on the grounds for a government request to disqualify the company’s lead defense lawyer in a criminal case alleging bank fraud and sanctions violations.

Last month, prosecutors argued Huawei lawyer James Cole’s prior position as the No. 2 official in the U.S. Department of Justice created conflicts of interest that necessitated his removal.

The prosecutors said Cole, who served as deputy attorney general (DAG) until 2015, represented the government in a related investigation, without disclosing details. Huawei asked the court to review “overbroad” redactions in the U.S. motion seeking his removal.

Huawei wants prosecutors to reveal “the very information it is trying to prevent the new client from learning,” the prosecutors said in a letter to Judge Ann Donnelly in U.S. District Court in Brooklyn, New York.

“The conflict presented here is unprecedented,” the prosecutors argued. The government was not aware of any other senior DOJ official who had sought to represent a client that had been part of his government work, “let alone when the former representation involved classified information,” they said.

A spokesman for Huawei Technologies, the world’s largest telecommunications equipment maker, declined to comment, and Cole did not respond to a request for comment. Cole entered a not guilty plea on behalf of Huawei in March.


Company: cnbc, Activity: cnbc, Date: 2019-06-04
Keywords: news, cnbc, companies, prosecutors, motion, official, judge, request, disqualify, lawyer, urges, huawei, effort, cole, deny, seeking, vegas, information


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Trump administration approved nuclear energy transfers to Saudis after Khashoggi killing

The Trump administration approved the transfer of nuclear energy information to Saudi Arabia on two occasions after the slaying of Saudi dissident Jamal Khashoggi by agents of the kingdom, according to Senate Democrats. Sen. James Risch, R-Idaho, the committee’s chairman, sought information about seven so-called Part 810 authorizations granted to U.S. firms to share nuclear energy information with Saudi Arabia beginning on Dec. 13, 2017. The administration is trying to thwart efforts by China an


The Trump administration approved the transfer of nuclear energy information to Saudi Arabia on two occasions after the slaying of Saudi dissident Jamal Khashoggi by agents of the kingdom, according to Senate Democrats. Sen. James Risch, R-Idaho, the committee’s chairman, sought information about seven so-called Part 810 authorizations granted to U.S. firms to share nuclear energy information with Saudi Arabia beginning on Dec. 13, 2017. The administration is trying to thwart efforts by China an
Trump administration approved nuclear energy transfers to Saudis after Khashoggi killing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: tom dichristopher
Keywords: news, cnbc, companies, energy, approved, nuclear, transfers, khashoggi, murder, relations, administration, saudi, arabia, killing, information, trump, saudis


Trump administration approved nuclear energy transfers to Saudis after Khashoggi killing

The Trump administration approved the transfer of nuclear energy information to Saudi Arabia on two occasions after the slaying of Saudi dissident Jamal Khashoggi by agents of the kingdom, according to Senate Democrats.

The administration granted the first approval in question Oct. 18, 2018, 16 days after the killing of The Washington Post columnist and Virginia resident at the Saudi Consulate in Istanbul. The second authorization was granted Feb. 18, 2019, three months after the CIA reportedly concluded that Saudi Crown Prince Mohammed bin Salman ordered Khashoggi’s death.

“The alarming realization that the Trump Administration signed off on sharing our nuclear know-how with the Saudi regime after it brutally murdered an American resident adds to a disturbing pattern of behavior,” Sen. Tim Kaine, D-Va., said in a press release.

The information, first shared by Kaine in the press release, came from documents provided by the Department of Energy to the Senate Foreign Relations Committee. Sen. James Risch, R-Idaho, the committee’s chairman, sought information about seven so-called Part 810 authorizations granted to U.S. firms to share nuclear energy information with Saudi Arabia beginning on Dec. 13, 2017.

In particular, congressional Democrats and Republicans alike wanted to know whether the administration continued to grant Part 810 authorizations for information sharing with Saudi Arabia after Khashoggi’s slaying.

The Department of Energy, which approves Part 810 authorizations along with the State Department, did not immediately return a request for comment. A foreign relations aide for Risch could not immediately be reached to confirm the contents of the letter.

A spokesperson for Sen. Robert Menendez, a New Jersey Democrat and the ranking member of the Foreign Relations Committee, confirmed the dates disclosed by Kaine.

“This adds to my existing worries about the Administration’s willingness to give Saudi Arabia a free pass, especially after its brutal murder of Jamal Khashogghi,” Menendez said in an email to CNBC. “The fact that we now know two of these transactions took place after the murder makes clear that the Administration is willing to support the Saudis with impunity.”

The issue of U.S.-Saudi nuclear energy cooperation has become a flash point in the broader conflict between the White House and Capitol Hill over U.S. relations with Saudi Arabia. Members of Congress have questioned whether the kingdom should be trusted with U.S. nuclear energy technology in light of the CIA conclusion that Crown Prince Mohammed played a part in Khashoggi’s murder, an assessment the Saudis deny.

Saudi Arabia is reviewing bids by firms from several countries to build nuclear reactors in the kingdom. The Trump administration wants American companies to win the work, and the authorizations give U.S. firms the ability to share information as they make their pitches to the Saudis. The administration is trying to thwart efforts by China and Russia to export nuclear reactors to Saudi Arabia and other nations.

Yet the Trump administration’s support for Saudi Arabia goes beyond nuclear energy export policy. Riyadh has emerged as one of the Trump administration’s top allies, particularly as Washington aims to crack down on Iran, Saudi Arabia’s chief Middle East rival.

President Donald Trump’s declaration that the U.S. stands in solidarity with Saudi Arabia following Khashoggi’s killing drew criticism from both sides of the aisle.

Kaine is part of a group of bipartisan senators who introduced legislation in April that would give Congress greater oversight of the executive branch’s power to allow companies to engage in nuclear energy cooperation with foreign countries.

Kaine on Tuesday called out the Trump administration for “citing a bogus emergency to bypass a Congressional block on arms sales to the Saudis, continuing support for the disastrous war in Yemen over Congressional objections, turning a blind eye to the regime’s detention of women’s rights activists, and refusing to comply with the Global Magnitsky Act to reach a determination about the Saudi government’s responsibility for the murder of Jamal Khashoggi.”

The White House did not respond to a request for comment.


Company: cnbc, Activity: cnbc, Date: 2019-06-04  Authors: tom dichristopher
Keywords: news, cnbc, companies, energy, approved, nuclear, transfers, khashoggi, murder, relations, administration, saudi, arabia, killing, information, trump, saudis


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HSBC plans more China tech jobs in push for market share

HSBC Holdings PLC plans to add more than a 1,000 jobs this year at its technology development center in China, as the Asia-focused lender seeks to bolster its presence in the world’s second largest economy. Europe’s biggest bank by assets will boost headcount at its technology centers in Guangzhou, Shanghai and Xi’an by 14% from a current 7,000-strong workforce, said HSBC Chief Information Officer Darryl West. HSBC’s expansion plan in China, a key market for the bank, comes amid growing use of t


HSBC Holdings PLC plans to add more than a 1,000 jobs this year at its technology development center in China, as the Asia-focused lender seeks to bolster its presence in the world’s second largest economy. Europe’s biggest bank by assets will boost headcount at its technology centers in Guangzhou, Shanghai and Xi’an by 14% from a current 7,000-strong workforce, said HSBC Chief Information Officer Darryl West. HSBC’s expansion plan in China, a key market for the bank, comes amid growing use of t
HSBC plans more China tech jobs in push for market share Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-21
Keywords: news, cnbc, companies, share, plans, technology, information, mainland, west, tech, bank, centers, operations, market, china, worldwide, push, hsbc, jobs


HSBC plans more China tech jobs in push for market share

HSBC Holdings PLC plans to add more than a 1,000 jobs this year at its technology development center in China, as the Asia-focused lender seeks to bolster its presence in the world’s second largest economy.

Europe’s biggest bank by assets will boost headcount at its technology centers in Guangzhou, Shanghai and Xi’an by 14% from a current 7,000-strong workforce, said HSBC Chief Information Officer Darryl West.

In recent years the London-based bank has spent $3 billion annually on its group technology operations which employ 40,000 people worldwide, and West said annual investments of $3-$3.5 billion are planned over the next few years.

Many global banks set up low-cost hubs in China and India more than a decade ago to maintain their complex worldwide information technology networks, but these centers have now become a core part of their operations.

The centers develop and implement risk and fraud management technologies, as well as digital applications that make it easier for banks to attract customers and deliver faster and more secure services.

HSBC’s expansion plan in China, a key market for the bank, comes amid growing use of technology in the financial sector – from payments to transactions.

At stake is a bigger share of the billions of dollars worth of retail and corporate banking business in a major financial market with a growing customer base.

“There is a lot more we can do with technology in mainland China. The level of technology adoption and innovation in China is way ahead of other markets,” West told reporters during a tour of HSBC’s technology center in the southern city of Guangzhou last week.

“We see mainland China as a tremendous source of talent, not just for the local market but our technology operations globally. We are hiring very aggressively here,” he added.


Company: cnbc, Activity: cnbc, Date: 2019-05-21
Keywords: news, cnbc, companies, share, plans, technology, information, mainland, west, tech, bank, centers, operations, market, china, worldwide, push, hsbc, jobs


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