The Cable

Image result for Facebook WINN FM

(Reuters) A U.S. judge has dismissed nationwide litigation accusing Facebook Inc (FB.O) of tracking users' internet activity even after they logged out of the social media website.

In a decision late on Friday, U.S. District Judge Edward Davila in San Jose, California said the plaintiffs failed to show they had a reasonable expectation of privacy, or that they suffered any "realistic" economic harm or loss.

The plaintiffs claimed that Facebook violated federal and California privacy and wiretapping laws by storing cookies on their browsers that tracked when they visited outside websites containing Facebook "like" buttons.

But the judge said the plaintiffs could have taken steps to keep their browsing histories private, and failed to show that Menlo Park, California-based Facebook illegally "intercepted" or eavesdropped on their communications.

"The fact that a user's web browser automatically sends the same information to both parties," meaning Facebook and an outside website, "does not establish that one party intercepted the user's communication with the other," Davila wrote.

Lawyers for the plaintiffs did not immediately respond on Monday to requests for comment. Facebook did not immediately respond to a similar request.

Read more

Image result for Petrotrin WINN FM

(Trinidad Guardian) State-owned Petrotrin is in crisis and all options are being considered for the future of the company, Energy Minister Franklin Khan said yesterday.

Khan said Government has not taken any decision on Petrotrin but added: “All options are being currently evaluated. Nothing is off the table. These decisions that will be taken on Petrotrin call for deep analysis and some prudent business judgement.”

He said the company is saddled with an unsustainable debt stock and high debt servicing payment, with a bullet payment of US$850 million due in 2019 and another of US$750 million is due in 2022.

At a media briefing at the Energy Ministry’s offices at the International Waterfront in Port-of-Spain, Khan said he wanted to clear up “misrepresentations” by the Oilfield Workers’ Trade Union (OWTU) on the state of the company. On Thursday, OWTU president general Ancel Roget accused Government of trying to sell off Petrotrin’s assets.

Read more

Image result for IMF WINN FM

(Barbados Today) The International Monetary Fund (IMF) said today it was ready and willing to come to Barbados’ rescue, while warning that slower growth and a doubling of the domestic cost of living were on the immediate horizon as a result of the austerity measures announced by Minister of Finance Chris Sinckler in his May 30 Budget.

Without passing judgment on the Budget itself or getting into the recent national discussion over whether the island should enter into a formal IMF arrangement or not, the lending institution made it clear the island’s economic problems were not over by any measure.

In this context, it said it “stands ready to assist the Government of Barbados, including through continued policy dialogue and technical assistance”.

The offer comes on the heels of a suggestion made by former Prime Minister Owen Arthur, backed by several other respected economists, that Sinckler’s half-billion dollar adjustment programme effectively amounted to a devaluation of the Barbados currency, and that an IMF adjustment would have been far easier for the entire country to swallow.

In fact, Arthur had explained that based on the IMF’s Article 1V Consultation last year, Government could have been afforded the equivalent of $310 million annually over a three-year period.

Read more

Image result for Taxes WINN FM

NEW DELHI (AP) -- Shops and businesses reopened in India amid confusion Saturday, hours after the government introduced a new nationwide tax that will change the cost of nearly everything people buy, replacing a complicated mix of state and federal taxes.

Prime Minister Narendra Modi heralded the major overhaul of the taxation system - known as the Goods and Services Tax - at a midnight ceremony Friday in Parliament.

The main opposition Congress party and some other parties boycotted the ceremony, arguing that nearly 7 million traders needed more time to prepare for the new system, which requires them to file tax returns every month. The opposition, however, supported the new tax system.

"There is confusion right now," said Manish Arora, a New Delhi pharmacy owner who was selling medicine to customers at the old prices. "My suppliers say they will be able to provide the pricing of medicines under the new system later Saturday."

Read more

NEW YORK (AP) -- Nike said it will sell some of its sneakers through e-commerce giant Amazon, part of a plan to make its swoosh-branded products available in more places online.

Shoppers can already find Nike goods on Amazon, but they are sold by third-party sellers. Nike said the new partnership with Amazon will help it better control its brand's presentation on the site. Only a small selection of shoes, clothing and accessories will be available at first. But Nike may sell more products on the platform if the test is successful.

"We're in the early stages, but we really look forward to evaluating the results," said Nike CEO Mark Parker, in a conference call late Thursday.

Earlier this month, Nike said it would slash 1,400 jobs in a restructuring aimed at selling more shoes directly online. It already has deals with Amazon's rivals in China and Europe, and Nike is making its sneaker-selling apps available in more parts of the world. In addition to the Amazon deal, Nike also partnered with Instagram to make it easier for users to buy sneakers through the photo-sharing app.

Read more

Top Business News

West Indies News Network (WINN FM 98.9)
Unit C24, The Sands Complex
Newtown Bay Road, Basseterre
St. Kitts, West Indies

Telephone
St. Kitts (Office): 869.466.9586
St. Kitts (Studio-On Air): 869.466.0989
Miami: 1.305.921.4619

New York: 1-718-285-6984
UK : 0333 -344-0065

Copyright © 2017 West Indies News Network. All rights reserved.

Website Design & Development: Genesis Creatives, St. Kitts Nevis