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Google to spend $1 billion on new campus in New York

by admin   |   Posted on Tuesday, December 18th, 2018

 

GOOGLE SIGN | REUTERS

Alphabet Inc’s Google is investing more than $1 billion (USD) on a new campus in New York, becoming the second major technology company after Amazon to pick America’s financial capital to expand and create thousands of jobs.

The 1.7 million square-foot campus, called Google Hudson Square, will include leased properties at Hudson Street and Washington Street, the company said in a blog post on Monday (December 17).

Google hopes to start moving into the buildings beginning in 2020 and plans to double its New York headcount to 14,000 in the next 10 years.

“What firms need to do is go where people want to work, where they can get the talent and New York is one of those cities that has sort of proved itself as being able to attract young, tech, millennial type talent,” said Peter Muoio, executive vice president and head of research at Ten-X Commercial, the nation’s largest online platform where commercial real estate is bought and sold.

Google plans to invest outside its home base mirror those of other U.S. tech giants such as Apple Inc., which said last week it would spend $1 billion to build a new campus in Austin, Texas.

Last month, Amazon.com Inc said it would open offices in New York and the Washington, D.C., area, creating more than 25,000 jobs.

“I think what really drives these decisions is the lack of enough workers to fill their needs just in Silicon Valley. And so I think what Amazon is doing and what Apple’s doing in Austin and what Google just announced in New York are just all manifestations of their need for a more diversified and broader workforce than what they can get in Silicon Valley,” Muoio said.

Google’s first New York office at 111 Eighth Avenue is one of the city’s largest buildings that it bought in 2010 for $1.77 billion.

Earlier this year, the company announced a $2.4 billion purchase of the Manhattan Chelsea Market. It also has leased space on Pier 57 jutting into the Hudson, which will create a four-block campus. — Reuters

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US temporarily eases trade restrictions vs Huawei

by Aileen Cerrudo   |   Posted on Tuesday, May 21st, 2019

The United States (U.S.) has temporarily eased trade restrictions on Huawei to minimize disruption for customers. This will last for 90 days.

The U.S. Commerce Department will allow Huawei Technologies Co. Ltd.
to purchase American-made goods in order to maintain existing networks and provide software updates to existing Huawei handsets.  

READ: Internet abuzz over Google suspending business with Huawei

Last week, Donald Trump signed an executive order blacklisting Huawei due to the tech company’s alleged involvement in activities contrary to U.S. national security or foreign policy interests.

In a statement on Monday (May 20), U.S. Secretary of Commerce Wilbur Ross said the temporary ease in trade restriction is for telecommunication operators relying on Huawei equipment to make other arrangements.

READ: Purchased Huawei products will function properly on our network—PLDT

Meanwhile, Huawei founder Ren Zhengfei told a Chinese state broadcaster that they already made preparations for the trade restrictions regardless of U.S. recent action to ease the said restrictions.

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Internet abuzz over Google suspending business with Huawei

by Aileen Cerrudo   |   Posted on Monday, May 20th, 2019

Courtesy : Reuters

Google has suspended some business with Huawei after United States President Donald Trump added Huawei Technologies Co. Ltd. to a trade blacklist.

This includes the transfer of hardware, software and technical services except those publicly available via open source licensing.

“Huawei Technologies Co. Ltd. will immediately lose access to updates to the Android operating system, and the next version of its smartphones outside of China will also lose access to popular applications and services including the Google Play Store and Gmail app,” according to Reuters in an exclusive report.

Due to this, netizens are in a melting pot of emotions.

via GIPHY

Current Huawei users, however, have nothing to worry about since they will be able to use and download app updates provided by Google, according to a Google spokesperson.

“For users of our services, Google Play and the security protections from Google Play Protect will continue to function on existing Huawei devices,” the spokesperson said.—Reuters

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Fake heiress who dazzled New York elite sentenced to up to 12 years in prison

by Robie de Guzman   |   Posted on Friday, May 10th, 2019

Anna Sorokin, 28, posed as a wealthy heiress to scam banks for loans in millions | Courtesy: Reuters

A German woman who posed as a wealthy heiress to scam boutique, New York hotels and fashionable friends was sentenced to four to 12 years in prison.

Blinded by the glitter and glamour of New York City, Anna Sorokin, 28, was sentenced to prison for defrauding hotels, restaurants, a private jet operator and banks out of more than $200,000.

Sorokin, a would-be art collector, planned to open a members-only arts club but became known as the “soho grifter” after her deception upon New York’s glitzy social scene came to light. She was found guilty last month of grand larceny and theft of services.

She was also fined $24,000 and ordered to pay restitution of about $199,000.

At the hearing, Judge Diane Kiesel rejected the Defence Lawyers’ claim that Sorokin was merely trying to make it in New York, in the words of the Frank Sinatra song about the city.

“Sadly I agree with the people, if Miss Sorokin spent half as much time, half this much time, working legitimately to raise money for a foundation that sounded like a good addition to New York as she spent concocting phony bank statements, fake wire transfers, and non-existent financial advisers, she might have done quite well for herself. She’s clearly smart and very creative,” Judge Kiesel said.

Under her assumed name Anna Delvey, Sorokin falsely claimed she had a multi-million-dollar trust fund at her disposal, as she hired a private jet, attended elite parties, and lived in a luxury New York hotel. She maintained the scam for almost four years.

Meanwhile, prosecutors said, Sorokin had “not a cent to her name”.

Her father is reportedly a former trucker, who runs a heating-and-cooling business.

U.S. immigration and customs enforcement said in a statement that Sorokin was a German citizen who had illegally overstayed in the United States.

The agency said it will seek to send her back to Germany once her criminal proceedings are over.

Meanwhile, during the trial, she was admonished for throwing tantrums when she couldn’t get her stylist-curated outfits and drew unflattering sketches of the lead prosecutor during testimony.

“The defendant repeatedly delayed these court proceedings because she was not happy with the clothing that was offered to her by the department of corrections.

“She seemed to be basking in the press attention and rather than thinking seriously about the crimes she committed and how it affected people,” saidNew York Prosecutor Catherine Mccaw.

But at sentencing she was humbled.

“I apologize for the mistakes I made,” Sorokin said.

Sorokin’s story became a media sensation, and a tv series about her life was also planned.

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