Finance

Bipartisan Bill Introduced to Ban Sale of US Tech to Chinese Companies

Bipartisan Bill Introduced to Ban Sale of US Tech to Chinese Companies The potential indictment comes amid a broad-based campaign to discredit Huawei on security concerns among allies, and following the arrest of the firm's chief financial officer, Meng Wanzhou , on charges of bank fraud. At that time, Washington had announced an indictment against Chinese chipmaker Fujian Jinhua Integrated Circuit Co (晉華集成電路) for stealing trade secrets from US semiconductor company... [Full Article...]

US House passes Democratic bill to reopen government

US House passes Democratic bill to reopen government Homeland Security Secretary Kirstjen Nielsen denied anyone's safety is compromised, saying both agencies "are fully prepared to support and secure the State of the Union". Trump did not immediately respond to the request, and the White House, thrown off guard by the move, didn't immediately offer any official response. [Full Article...]

Lovin' it: Trump fetes champion Clemson with burgers, fries

Lovin' it: Trump fetes champion Clemson with burgers, fries Trump's original tweet has since been deleted, but the president tweeted Tuesday morning about all the fast food he personally bought and served for the national champion Clemson football team when the players visited the White House. It'll be interesting. And I would think that's their favorite food. Trump certainly seemed happy with how things to turned out. The fast food chain, however, ... [Full Article...]

Brexit negotiator says European Union to change agreement if UK's red lines change

Brexit negotiator says European Union to change agreement if UK's red lines change Mr Corbyn has attacked the talks as a stunt and has insisted he will not meet Mrs May until she categorically rules out a no-deal departure from the European Union. At this point, though, for anyone wanting Brexit to happen - without the chaos of no-deal - something looking a lot like May's deal is the only show in town. [Full Article...]

Taiwan holds military drills to halt invasion amid rising China tensions

Taiwan holds military drills to halt invasion amid rising China tensions Although the Civil Aviation Administration of China administers Chinese civil aviation, the PLA authority takes precedence over the airspace, the Pentagon said. The report said China was developing medium and long-range stealth bombers, capable of striking targets worldwide, which would be operational by about 2025. [Full Article...]

China's exports see highest decline since 2017

China's exports see highest decline since 2017 At the same time, China's imports from Russian Federation grew by 42.7 percent, reaching $59.08 billion. The world's two largest economies held mid-level talks in Beijing last week and US Treasury Secretary Steven Mnuchin told reporters that China's top trade negotiator, Vice Premier Liu He, would likely visit Washington later this month. [Full Article...]

Saudi oil output, export cuts sink deeper than promised

Saudi oil output, export cuts sink deeper than promised The Organization of the Petroleum Exporting Countries and other leading global oil producers led by Russian Federation agreed in December to cut their combined oil output by 1.2 million barrels per day in order to balance the oil market starting from January. [Full Article...]

United States 'probes Huawei for trade secret theft'

Reuters could not immediately confirm the report. T-Mobile accused Huawei of stealing the technology behind a robot T-Mobile had developed to test mobile phones. As detailed in the press release , the "Telecommunications Denial Order Enforcement Act" follows the apprehension of the Huawei chief financial officer Meng Wanzhou in Canada after USA law enforcement agencies requested her arrest b... [Full Article...]

UK PM Theresa May loses historic Brexit vote

UK PM Theresa May loses historic Brexit vote The government has suffered a crushing defeat over its Brexit deal with MPs voting not to accept it. There were 202 votes for the deal but 432 against, and Labour Party leader Jeremy Corbyn has tabled a motion of no confidence in the government. [Full Article...]

Cathay Pacific mistakenly sold insanely cheap first-class seats . . . again

Cathay Pacific mistakenly sold insanely cheap first-class seats . . . again Cathay honoured all the tickets, but SMCP reported that the mistake, which was the product of human error, likely cost the carrier millions of dollars. The airline said it was urgently "looking into the root cause of this incident both internally and externally with our vendors". " For the very small number of customers who have purchased these tickets, we look forward to welcoming you on board to... [Full Article...]

Walmart bans woman who rode cart while drinking wine from Pringles can

Walmart bans woman who rode cart while drinking wine from Pringles can Friday to the Walmart on Central Freeway. The woman had reportedly been riding the electric cart around the parking lot for about three hours, according to Wichita Falls police spokesman Jeff Hughes. Officers were also told she was drinking wine from a Pringles can. When officers arrived, they found the woman in a nearby restaurant, at which point she was notified that she had been barred from... [Full Article...]

Top Awards Go To Hyundai & Ram

Top Awards Go To Hyundai & Ram The Hyundai Genesis G70 won vehicle of the year, beating the Honda Insight and Volvo S60 during the opening ceremony of the North American International Auto Show (NAIAS), also known as the Detroit Auto Show. auto awards this month, signaling a favorable start for the auto giant to gain fresh momentum in the sought-after market this year. The awards were two of three given by a panel of au... [Full Article...]

Marks and Spencer in Weston-super-Mare to close

Marks and Spencer in Weston-super-Mare to close In July M&S chairman Archie Norman admitted that the firm had "no god-given right to exist" after saying that the size of the firm's estate had become "a drag on its performance". To date, 1,891 workers have been impacted by the closures but the company said 1,591 of them - more than 80 per cent - had been been redeployed to new roles. [Full Article...]

EU Brexit negotiator fears disorderly Brexit more than ever

EU Brexit negotiator fears disorderly Brexit more than ever Amid the uncertainty, some members of Parliament from both government and opposition parties are exploring ways to use parliamentary procedures to wrest control of the Brexit process away from the government, so that lawmakers by majority vote could specify a new plan for Britain's European Union exit. [Full Article...]

The EU Has Taken Away McDonalds' Trademark on 'Big Mac'

The EU Has Taken Away McDonalds' Trademark on 'Big Mac' The US company objected to Supermac's applying for an EU-wide trademark, with lawyers sending a 41-page treatise arguing it was too similar to McDonald's. Here's hoping after the Irish fast-food chain came the better of a tough legal battle with McDonald's on the European trademark on " Big Mac ". In 2017, a Supermac's spokesperson said McDonald's was registering brand names to "create a de-fact... [Full Article...]

Huawei Founder Says the Chinese Company Would Not Share User Secrets

Huawei Founder Says the Chinese Company Would Not Share User Secrets Following the recent arrest in Canada of his daughter - Huawei's CFO Meng Wanzhou - ahead of presumed extradition to the U.S., not to mention the conventional wisdom that China uses the company's mobile products as potential tools for spying, the businessman chose to fire back. [Full Article...]

Congress Will Skip Next Week's Recess If Shutdown Continues

Congress Will Skip Next Week's Recess If Shutdown Continues Republicans complain that Democrats are the ones who are refusing to budge, and they say it's up to Pelosi to bring Trump a new offer. "If people are talking, Democrats and Republicans maybe they can come up with some alternatives", said Sen. [Full Article...]

Cadillac just revealed the design of its first EV

Cadillac just revealed the design of its first EV The most advanced components within this platform are the drive units and battery cells, both of which are being designed for maximum usability throughout GM vehicle lineups in different countries. " Cadillac will be the tip of the corporate spear on [electric vehicles]", said GM president Mark Reuss . Now it appears GM is reverting to historic practice, and plans to launch new long-range electr... [Full Article...]

Ocasio-Cortez Hits Back After Trump Questions ‘Who Cares’ About Her Comments

Ocasio-Cortez Hits Back After Trump Questions ‘Who Cares’ About Her Comments Congresswoman Alexandria Ocasio-Cortez (D-NY) thinks she's getting on Donald Trump's nerves - judging by his dismissiveness when he was asked about her on Monday. "Congresswoman Ocasio-Cortez", the reporter said . But despite Trump's refusal to even entertain a question about her remark, Ocasio-Cortez seems to be calling it a victory. [Full Article...]

Volkswagen, Ford form alliance to develop CVs

Volkswagen, Ford form alliance to develop CVs The partnership will start in 2022 with each company assembling Ford Rangers and Volkswagen Amoraks for each other in their assembly plants in South America, Africa, and Europe, according to Ford Motor product chief Jim Farley. Michelle Krebs, an executive analyst for Autotrader, said an alliance would come at a crucial moment for both companies. Last week, Ford said it would cut thous... [Full Article...]


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