Friday, July 30, 2021
President Donald Trump teased a prospective trade deal with China on Friday, but many analysts are skeptical the trade war is going to end anytime soon. Trump told reporters before leaving the White House that the US is "close to doing something" with China to ease the ongoing trade war between the two countries. "I…
Image copyright AFP Image caption President Trump began reinstating sanctions on Iran in May The Trump administration is to reinstate all US sanctions on Iran removed under the 2015 nuclear deal.The White House said it was "the toughest sanctions regime ever imposed on Iran" and targeted Iran's energy, shipping and banking sectors. However, eight countries…
WASHINGTON (Reuters) - The U.S. Justice Department on Thursday unveiled an indictment against two companies based in China and Taiwan and three individuals, saying they conspired to steal trade secrets from U.S. semiconductor company Micron Technology Inc relating to its research and development of memory storage devices. The charges against Taiwan-based United Microelectronics Corp, China…
Wall Street was unimpressed with Apple's quarterly earnings results, announced on Thursday— so much so, that shares plunged over 7% after the bell, putting Apple in danger of losing its much-vaunted market cap of $1 trillion. At the time of writing, Apple stock is priced at $206.30 in after-hours trading, and still moving around. Should…
LONDON (Reuters) - A deal that would give London’s vast financial services hub basic access to European Union markets after Brexit is nearly done, a British official said. Canary Wharf skyline and the City of London can be seen from the Sea Containers building in London, Britain, October 11, 2018. REUTERS/Henry Nicholls Such a deal…
The top cyber and communications spy in Australia has explained why Huawei and ZTE have been barred from the country's 5G network and China is unimpressed. Mike Burgess, the director-general of the Australian Signals Directorate, said in Canberra on Monday that the ban on Chinese telecom firms like Huawei Technologies and ZTE was in Australia's…
WASHINGTON — Diplomatic pressure from the United States and Britain, Saudi Arabia’s biggest arms suppliers, abruptly intensified on Wednesday for a cease-fire in the Yemen war, the world’s worst man-made humanitarian disaster. The calls for a halt to the three-and-a-half-year-old conflict — made by Secretary of State Mike Pompeo, his British counterpart, Jeremy Hunt, and…
President Donald Trump rarely brags about the stock market on Twitter these days. He has instead turned to other issues during the market's sharp correction, one that's wiped out gains for the year just weeks before the crucial midterm elections. Earlier in 2018, when it seemed like stocks were hitting all-time highs on an almost…
IBM will pay $190 per share for the software company, which it described as the world's leading provider of open source cloud software, a more than 60% premium to Red Hat's closing stock price of $116.68 on Friday. Shares traded upwards of $175 in June, but disappointing earnings combined with a volatile market had seen…
REDMOND, Wash. — Microsoft said Friday that it would sell the military and intelligence agencies whatever advanced technologies they needed “to build a strong defense,” just months after Google told the Pentagon it would refuse to provide artificial intelligence products that could build more accurate drones or compete with China for next-generation weapons. The announcement,…