• United Kingdom carriers won’t carry Huawei Mate 20X 5G anymore
United Kingdom carriers won’t carry Huawei Mate 20X 5G anymore

Hopefully, Huawei and Google will find a workaround and a long-term solution before the 90 days are up. In Japan, KDDI and SoftBank Corp, the country's number-two and number-three carriers respectively, said they were delaying the release of Huawei handsets.

Read more

  • Panasonic halts some component shipments to Huawei amid U.S. ban
Panasonic halts some component shipments to Huawei amid U.S. ban

Europe is far from abandoning Huawei, however. Panasonic's products containing parts and technologies procured from USA companies could become subject to the trade suspension, and the company is looking into such products. Inphi Corp: The optical communications chipmaker on May 22 lowered its second-quarter earnings forecast based on its understa...

Read more

  • Trump takes dig at
Trump takes dig at "crazy" Pelosi after announcing new subsidies for farmers

Democrats said his ultimatum seemed scripted, with signs declaring his innocence already prepared for his outdoor remarks that followed. Some other Democratic leaders, while backing Pelosi, signaled that a march to impeachment may at some point become inevitable.

Read more

  • China urges sincerity in Sino-US trade talks | #AsiaNewsNetwork
China urges sincerity in Sino-US trade talks | #AsiaNewsNetwork

The proposed timeline means the next levies could be ready around the time Trump is expected to meet Chinese President Xi Jinping at a G20 summit in Japan June 28-29. The New York fed economists' calculations didn't take into account President Trump's proposed expansion round of 25% tariffs on another $300 billion in Chinese imports of consumer...

Read more

  • Huawei Chips Under Threat By ARM Withdrawal
Huawei Chips Under Threat By ARM Withdrawal

Although Arm Holdings was founded in and remains headquartered in the United Kingdom, the company was purchased in 2016 by Japanese firm SoftBank . " We are confident this regrettable situation can be resolved and our priority remains to continue to deliver world-class technology and products to our customers around the world ", it added.

Read more

  • How Huawei Sanctions Can Hurt US Tech Firms
How Huawei Sanctions Can Hurt US Tech Firms

Yesterday's temporary license is likely to allow companies such as Google to continue providing service and support, including software updates or patches, to Huawei smartphones that were available to the public on or before May 16. And, while Huawei still has the option to use Android's open-source platform (AOSP); Google has been chipping awa...

Read more

  • Ajit Pai oks T-Mobile/Sprint merger,
Ajit Pai oks T-Mobile/Sprint merger, "requires" 5G rollout that’ll happen anyway

America's mobile market is entirely dominated by just four companies: Verizon and AT&T both posses between 34-35 per cent of the market, with T-Mobile US possessing 17 per cent and Sprint 12 per cent, leaving just two per cent. A merger between the nation's third and fourth-largest wireless companies would leave just three major USA carriers, meani...

Read more

  • President Trump lifts tariffs on Mexico, Canada, delays auto tariffs
President Trump lifts tariffs on Mexico, Canada, delays auto tariffs

The hostilities between the world's two biggest economies have weighed heavily the past couple of weeks on the US stock market, threatening a long rally that Trump touted as a vindication of his economic policies. The White House doesn't need to take six months to make a decision, and it's unclear how much time it expects it needs to finalize its...

Read more

  • Armed drones attack oil pumping stations in Saudi Arabia
Armed drones attack oil pumping stations in Saudi Arabia

It wasn't immediately known where the Houthis launched the drones. -Iranian tension following Washington's decision this month to try to cut Iran's oil exports to zero and to beef up its military presence in the Gulf in response to what it said were Iranian threats.

Read more

  • Huawei willing to sign
Huawei willing to sign "no-spy" pacts with governments

James Andrew Lewis, director of the Technology Policy Program at the Center for Strategic and International Studies, told Al Jazeera that "most of the espionage cases in the United States involve China , and Huawei is a tool of the Chinese government".

Read more

  • China hits back in trade war with US
China hits back in trade war with US

The prospects of global economy being derailed by the United States and China sliding into a fiercer, more protracted dispute had rattled investors on Monday after China announced plans to hit back with tariffs on USA goods. World stock markets hovered near two-month lows on Tuesday, although slightly more optimistic comments from the U.S. and Chin...

Read more

  • US Supreme Court rules against Apple, allows App Store-related antitrust lawsuits
US Supreme Court rules against Apple, allows App Store-related antitrust lawsuits

Apple explained in the same statement that developers are the one that set the price for their apps or memberships and that they have no say in that particular decision. If commissions were lower, app prices also would be lowered, the plaintiffs argued. Apple's loss in this antitrust case could expose millions of dollars of damage within the comp...

Read more

  • Bayer to appeal $2 billion verdict in Roundup cancer lawsuit
Bayer to appeal $2 billion verdict in Roundup cancer lawsuit

A California jury has awarded $2.055 billion to Alva and Alberta Pilliod of Livermore, California. The Pilliods said they had used the Roundup herbicide on their yard and other properties for decades. The previous ones were in federal court and state court in San Francisco . In March , a federal jury in San Francisco awarded $80 million...

Read more

  • White House reviews military plans against Iran
White House reviews military plans against Iran

Meanwhile, the Gulf Cooperation Council on Sunday termed the attack on the four commercial vessels as "dangerous escalation (that) speaks of the evil intentions", reported CNN . The broadcast only showed one side of the ship, which bore no signs of damage , describing it as the closest one to shore in Fujairah . Last Sunday, Bolton announced t...

Read more

  • Pakistan against any U.S. attack on Iran
Pakistan against any U.S. attack on Iran

Last week, a U.S. air force bomber task force, including B-52 bombers, also arrived at the USA airbase Al Udeid in Qatar. US President Donald Trump previous year unilaterally abandoned the deal and re-imposed sanctions - and Iran has indicated it may also resume nuclear activities if the other partners go along with American sanctions.

Read more

  • Where Uber's ugly debut ranks among IPO sell-offs of the decade
Where Uber's ugly debut ranks among IPO sell-offs of the decade

Uber lost $3.03 billion in 2018 from operations. Well, it didn't pan out like that. Uber Technologies Inc's conservative initial public offering could not keep its shares from sinking in their trading debut on Friday, fuelling debate on Wall Street over whether the outcome of the most anticipated listing since Facebook Inc would weigh on...

Read more

  • Trump Warns China Not to Retaliate Against Tariff Hike
Trump Warns China Not to Retaliate Against Tariff Hike

The United States raised tariffs on US$200 billion in Chinese imports from 10 percent to 25 percent on Friday after American officials accused Beijing of backtracking on commitments made in earlier rounds of negotiations. Trump also ordered U.S. Trade Representative Robert Lighthizer to begin imposing tariffs on all remaining imports from China, ...

Read more

  • Party City To Shutter 45 Stores Due To Helium Shortage
Party City To Shutter 45 Stores Due To Helium Shortage

He added, "Most importantly, we have signed a letter of agreement for a new source of helium which, subject to final execution of a definitive contract, would provide for additional quantities of helium beginning this summer and continuing for the next 2.5 years".

Read more

  • China, US to Hold More Trade Talks - engteco_news Tempo.co
China, US to Hold More Trade Talks - engteco_news Tempo.co

We hope they will act with restraint, and so will we. With tariffs imposed, the Federal Reserve may be more inclined to cut interest rates, though won't rush into doing so. Gale Pence, the CEO of two manufacturing companies in Wisconsin, says he "cautiously supports the president on the overall picture of this" and is optimistic the USA and Chi...

Read more

  • We'll use tariff revenue to buy more crops than China ever did
We'll use tariff revenue to buy more crops than China ever did

Trump added that there was "absolutely no need to rush" on removing the tariffs, saying that these "massive payments" from China to the United States went "directly to the Treasury". Liu said on his arrival in Washington that the prospects for the talks were "promising", but warned that raising tariffs would be "harmful to both sides", and c...

Read more

  • Trump Insists That He Wanted To Show Business Losses, Calls It 'Sport'
Trump Insists That He Wanted To Show Business Losses, Calls It 'Sport'

He contended the reported losses were "non monetary", and that real estate developers like him during that period were entitled to take "massive write-offs and depreciation" for tax purposes. Still, it's worth contemplating how the projects in the 1985-to-1994 time span, themselves largely funded by suspect wealth Trump inherited from his father...

Read more

  • US files plans to raise tariffs on Chinese imports
US files plans to raise tariffs on Chinese imports

Trade Representative Robert Lighthizer said China was "retreating from specific commitments that had already been made". It is without a doubt that the two bombshell tweets from President Donald Trump on Sunday indicated that the trade talks on tariffs and intellectual property issues had gone way south.

Read more

  • Oil falls as U.S.-China trade fears overshadow supply drop
Oil falls as U.S.-China trade fears overshadow supply drop

In gasoline inventories, the EIA reported an estimated fall of 600,000 barrels for last week, after a 900,000-barrel increase two weeks ago. WTI (futures on Comex) is seen struggling to extend the recovery above the 62 handle, having reversed a sharp drop to 61.35 levels after a fresh risk-aversion wave gripped the European markets on the Yonhap ...

Read more

  • Hackers Steal $41 Million Worth of Bitcoin From Binance Exchange
Hackers Steal $41 Million Worth of Bitcoin From Binance Exchange

Given the nature of the BTC blockchain it's easy to see where each Binance bitcoin is going but it is hard to perform real forensics on the wallets in order to understand who - or what - created them. Binance said it had not yet uncovered the full extent of the loss, and other accounts may be affected. "We will consider that very, very caref...

Read more

  • Trump Tax Returns Reveal Over $1Bln in Losses
Trump Tax Returns Reveal Over $1Bln in Losses

As part of our continuing media-about-media coverage, here's a quick look at the immediate aftermath of The New York Times' investigation into Donald Trump's tax situation, which is the top story on the paper's front page this morning under the headline "Trump Tax Figures Show A Decade of Huge Losses".

Read more

  • Trump defends
Trump defends "tax shelter" practice after report that his businesses lost millions

The Times did not obtain Trump's tax returns , but someone who had legal access to the returns gave the newspaper information about their contents. "You always wanted to show losses for tax purposes", Trump said in a morning tweet, saying that "almost all real estate developers" used this as a " tax shelter ".

Read more

  • Markets react to Donald Trump's China tariff threats
Markets react to Donald Trump's China tariff threats

Trump turned up the heat Sunday by saying he would raise import taxes on $200 billion U.S. in Chinese products to 25 per cent from 10 per cent as of Friday. With China, we lose 500 Billion Dollars. The discussions remain focused toward making substantial progress on important structural issues and rebalancing the U.S.

Read more

  • Trump threatens to increase tariffs on China
Trump threatens to increase tariffs on China

His threat increases pressure on a deal that Trump said has been going "too slowly". Those duties were set to rise to 25 per cent on March 1, but Trump delayed that as talks continued. That has proved to be a sticking point. "The Tariffs paid to the US have had little impact on product cost, mostly borne by China", he said. According to rep...

Read more

  • United States adds 263K jobs in April; unemployment hits 49-year low
United States adds 263K jobs in April; unemployment hits 49-year low

USA employers added a robust 263,000 jobs in April, suggesting that businesses have shrugged off earlier concerns that the economy might slow this year and now anticipate strong customer demand. But retail payrolls fell by 12,000 job in April, declining for a third straight month. Meanwhile, the more complete U6 unemployment measure held stea...

Read more

  • Facebook May Strike Privacy Deal With FTC — WashPost
Facebook May Strike Privacy Deal With FTC — WashPost

The Federal Trade Commission ( FTC ) and Facebook are now negotiating a legal settlement that could make CEO Mark Zuckerberg personally liable for any future privacy issues, according to Politico and the New York Times . " Facebook's refusal to behave responsibly is deeply troubling given that the vast amount of sensitive information indivi...

Read more

  • Federal Reserve leaves interest rates unchanged, defying Trump’s calls for a cut
Federal Reserve leaves interest rates unchanged, defying Trump’s calls for a cut

But policymakers reiterated that the Fed would continue to be "patient" as it determines the future path of interest rates. The Fed raised rates 4 times past year - and has done so a total of nine times since December 2015 - moving from zero in the aftermath of the global financial crisis to the current range of 2.25 percent to 2.5 percent.

Read more

  • United Kingdom central bank is maintaining interest rate again
United Kingdom central bank is maintaining interest rate again

However, it has also expressed caution over how Brexit uncertainties continue to hold the economy back for now. "If a Brexit resolution is some form of arrangement with some smooth resolution to it, it will require rate increases, and more frequent rate increases than the market now expects".

Read more

  • Warren Buffett's Berkshire Hathaway invests in Amazon for the first time
Warren Buffett's Berkshire Hathaway invests in Amazon for the first time

One stock that has particularly led the charge though is Amazon (AMZN ). On Friday, shares of Amazon jumped more than 3%. Warren Buffett has long voiced his admiration for Amazon , yet it wasn't the "Oracle of Omaha", as the celebrated investor is known, to put Berkshire Hathaway's money where his mouth is.

Read more

  • Fed Holds Rates Steady, Signals Concern Over Sluggish Spending, Low Inflation
Fed Holds Rates Steady, Signals Concern Over Sluggish Spending, Low Inflation

The US dollar also turned around, rising 0.12 per cent against a basket of half a dozen developed market currencies. The news comes after the US Federal Reserve last night made a decision to keep its benchmark interest rate unchanged amid mixed signals about the direction of the US economy.

Read more

  • The iPhone remains Apple's big call
The iPhone remains Apple's big call

Apple's most-recent financial results showed that sales of iPads and revenue from services like Apple Music increased last month. As of April 30, Apple stock has risen 5.6% month-to-date and 27.2% YTD (year-to-date) compared to the 17.5% and 22.0% gains in the S&P 500 Index and the NASDAQ Composite Index, respectively.

Read more

  • Facebook - The Future is Private
Facebook - The Future is Private

The re-engineered app will be available later this year, and the company did not announce plans for a similar version on Android - which already has Facebook Lite . The testing for the new feature will begin next week, with a rollout soon. Facebook mentioned that this feature is still early in its development cycle and will be released by th...

Read more

  • Land Rover's Defender heads overseas
Land Rover's Defender heads overseas

Although the move to Slovakia had been widely expected, it comes amid gloom over the prospects for British auto manufacturing and follows the decisions to relocate production of the Discovery model past year. The new Defender is now completing its final phase of field testing with Tusk Trust, on location in Kenya. On-road dynamics tests are b...

Read more

  • Venezuela National Guard Vehicles Ram Into Protesters in Caracas
Venezuela National Guard Vehicles Ram Into Protesters in Caracas

On Twitter , he claimed the military chiefs had assured him of their "total loyalty". Maduro's socialist regime has presided over economic devastation in Venezuela , where citizens are beset by rising prices and food and medical shortages.

Read more

  • In Scandinavia canceled hundreds of flights: the reason
In Scandinavia canceled hundreds of flights: the reason

Pilots from all three Scandinavian countries are taking part in the strike, demanding better pay and working conditions, including more predictable schedules. In an interview with CNBC International in October past year, Chief Executive of Ryanair Michael O'Leary spoke of upcoming over-capacity in the European market over the winter season and ci...

Read more

  • Uber is going public at a $84 billion valuation
Uber is going public at a $84 billion valuation

Uber released its anticipated initial public offering price range of $44 to $50 per share on Friday in an updated filing to federal regulators - lower than where shares were previously rumored to be valued. PayPal's investment comes at a keen time for Uber , that is looking to increase its app capabilities as with a superapp that offers a rang...

Read more