NK Pro analysts share their expectations of a possible Sunday meeting between Trump and Kim Jong Un
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FedEx sues U.S. government over ‘impossible’ task of policing exports to China
U.S. parcel delivery firm FedEx Corp on Monday sued the U.S. government, saying it should not be held liable if it inadvertently shipped products that violated a Trump administration ban on exports to some Chinese companies.
The move came after FedEx reignited Chinese ire over its business practices when a package containing a Huawei phone sent to the United States was returned last week to its sender in Britain, in what FedEx said was an “operational error.” Fears that China would blacklist FedEx as a result sent its shares down 2.7 percent on Monday.
FedEx’s suit and delivery error come against a backdrop of increasing tension between the world’s two biggest economies. The United States and China have been engaged in a trade fight for nearly a year on issues such as tariffs, subsidies, technology, regulations and cyber security.
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Amazon gets U.S. patent to use delivery drones for surveillance service
Amazon.com Inc is exploring using drones not just to deliver packages but also to provide surveillance as a service to its customers, according to a patent granted by the United States Patent and Trademark Office.
The delivery drones can be used to record video of consented user’s property to gather data that can be analyzed to look out, say for example, a broken window, or a fire or if a garage door was left open during the day, the patent described.
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U.S. says $168 million ITT for-profit student loans to be forgiven
Former students at ITT Technical Institute will not have to pay $168 million they still owe on private loans from an affiliated lender to attend the now-defunct for-profit college, under a U.S. regulatory settlement announced on Friday.
Student CU Connect CUSO, created in 2008 to fund and manage loans for ITT students, reached the settlement with the Consumer Financial Protection Bureau, 44 states and Washington D.C. to resolve claims over its alleged shoddy business practices.
The accord also requires CUSO to stop collecting on loans, ask consumer reporting agencies to effectively delete its loans from students’ credit profiles, and tell borrowers they no longer owe money on the loans.
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Trump wins U.S. court victory in quest for transgender military ban
A U.S. appeals court handed President Donald Trump a victory in his effort to ban most transgender people from the military, ordering a judge to reconsider her ruling against the policy, which the U.S. Supreme Court has allowed to take effect.
The 9th U.S. Circuit Court of Appeals on Friday set aside a ruling by U.S. District Judge Marsha Pechman in Seattle, which said the ban likely violated the constitutional rights of transgender service members and recruits.
Without ruling on the merits, a three-judge panel of the San Francisco-based appeals court said Pechman did not give the military’s judgment enough deference, and ordered her to give it more.
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