Commerce Lifts Ban on U.S. Suppliers Selling to Chinese Firm ZTE

16 Jul, 2018

The settlement ZTE reached with the U.S. Commerce Department included a US$1 billion penalty and a deposit of US$400 million in an escrow account. As you prepare the Conference Report, we therefore urge you to retain-and further strengthen-Section 6702 of the Senate-passed FY 2019 NDAA, which would not only reinstate the April 2018 penalties against ZTE and prohibit the modification of any penalties against a Chinese telecommunications firm unless certain conditions are met, but also ...

Blockbuster closing 2 Alaska locations, 1 store remaining in US

16 Jul, 2018

To all of our valued customers, We regret to inform our customers that Blockbuster Video will be closing both the... According to an Associated Press report published by KATU , the Anchorage Blockbuster store had tried to shake things up in May, when comedian and TV host John Oliver sent a jockstrap Russell Crowe wore in the 2005 boxing biopic Cinderella Man .

Greyhound bus beheading in 2008 cited for drop in ridership

16 Jul, 2018

Possible measures to ensure transportation remains available could include support for local entrepreneurs to take advantage of the hole Greyhound's departure will leave, North said, but Manitoba Infrastructure Minister Ron Schuler told the Canadian Press there will be no financial aid from the provincial government.

5 things to know about Tesla's China plans

16 Jul, 2018

Electric vehicle producer Tesla says it will build its first factory outside the United States in Shanghai. Electric automaker Tesla has hit a production threshold that will phase out a key tax credit for new vehicle owners. Musk last month announced that Tesla will lay off 9 per cent of its workforce to show that it can be profitable after being unable to move into the black so far in the 15 years since it was founded.

Thailand Cave Rescue: Coach and Part of Group May Receive Citizenship

15 Jul, 2018

Boys rescued from the Thai cave wearing masks and resting in a hospital in Chiang Rai. But he had denied they were knocked out for an operation the chief of the rescue had dubbed "mission impossible". But he adds: "I don't want to put it on a plane if you think important changes are needed". Health officials said the boys, aged 11 to 16, would spend at least a week in hospital and some 30 days recovering at home following their ordeal.

Putin is a competitor, not an enemy, says Trump

13 Jul, 2018

Trump claimed victory after bitterly criticizing key allies, notably Germany, for failing to pay their way at one of the most fractious summits in Nato's 70-year history. But just days out from a high-stakes meeting with Russian President Vladimir Putin in Helsinki, the mercurial U.S. leader threatened to throw the transatlantic alliance into disarray.

U.S. unveils $200 billion list of China imports for tariffs

12 Jul, 2018

It includes fruit and vegetables, handbags, refrigerators, rain jackets and baseball gloves. China responded with levies of its own, targeting $34 billion in USA products such as pork and whiskey. The policy is a top concern for United States officials. China is far more likely just to find other ways to hit back in kind. The new tariffs would kick in within 60 days.

Trump Administration Readies Tariffs On $200 Billion Of Chinese Imports

11 Jul, 2018

The tariff list could be released as soon as Tuesday, and likely this week, the report said. The U.S. said it had no choice but to move forward on the new tariffs after China failed to respond to the administration's concerns over unfair trade practices and Beijing's abuse of American intellectual property, according to two senior officials who spoke to reporters.

United States oil price rises after sharp decline

10 Jul, 2018

At 0734 GMT, August WTI crude oil is trading $73.02, up 0.07 or +0.10% and September Brent crude oil is at $77.17, down $0.22 or -0.28%. "We're continuing to see - and I expect the trend will continue - lower inventories in Cushing in July, resulting in a very tight light sweet crude market", said Andrew Lipow, president of Lipow Associates.

Mark Zuckerberg overtakes Warren Buffett to become 3rd Richest Man

09 Jul, 2018

The stock has spiked about 15% this year. Those shares are now worth more than $50bn, according to data compiled by Bloomberg . Facebook CEO Mark Zuckerberg is now the third richest person in the world, surpassing investor Warren Buffett .

Musk proposes mini-submarine to save Thai cave boys

09 Jul, 2018

An ambulance exits from the Tham Luang cave area as operations continue for the eight boys and their coach still trapped at the cave in Khun Nam Nang Non Forest Park in the Mae Sai district. "They (the four) will be kept away from their parents for a while because we are concerned about infections", Narongsak said. Chamber 3 is the operational base for rescuers inside the cave.

Jobless rate for Latino Americans fell to record low in June

09 Jul, 2018

As executives say they can not find enough qualified workers, some are turning to hiring people who are incarcerated or people with disabilities . In addition, prior months estimates were revised up. The monthly average climb so far in 2018 has been +215,000. So, taking this all together we have a USA economy growing at around 4% in the current quarter, that has an incredibly tight labour market with headline consumer price inflation potentially rising to 3% next week.

Elon Musk Sends SpaceX Engineers to Save Trapped Thai Soccer Team

08 Jul, 2018

Busadee Santiphithak, director-general of the Information Department, said the Thai engineer will later be joined by three more engineers from Musk's Tesla , SpaceX and Boring companies to study rescue measures. The rescue operation has proven challenging to date as swimming to safety could take about five hours and would require navigating through tight and dark passageways.

Why Iran Is Threatening to Close the Strait of Hormuz

08 Jul, 2018

In calls Thursday with German Chancellor Angela Merkel and French President Emmanuel Macron, Iranian President Hassan Rouhani said since the US withdrawal "Iran has been dealing with economic issues and problems in banking relations and oil" and that foreign companies were "skeptical" about continuing their business, Iran's semi-official Mehr news agency reported.

Micron Says China Ban Won't Hurt Earnings But Ruling Is Unfair

07 Jul, 2018

China is escalating the trade war with the U.S. while making an announcement of a ban on the sale of products of Micron, a USA semiconductor company, in China. Beijing is holding up U.S. chipmaker Qualcomm's proposed $44 billion takeover of NXP Semiconductors. Only China has not yet cleared it on antitrust grounds.

Chinese Tycoon Dies After Falling Off A Wall In France

07 Jul, 2018

Wang fell from the wall in Bonnieux whilst having his picture taken. In April, HNA disclosed plans to sell at least some of its more than $6.5 billion stake in hotel operator Hilton Worldwide Holdings Inc., according to a USA regulatory filing.

United States jobs growth stronger than expected

07 Jul, 2018

More than 600,000 workers joined the economy last month, bringing the total labor force participation rate to 62.9 percent. Average hourly earnings are 2.7 percent higher than a year ago, a lackluster pace compared to past eras of healthy job growth when wages were rising at 3.5 percent or more a year.

Saudis Lower Most Oil Pricing as Iran Taunts Trump on Tweets

06 Jul, 2018

Furthermore, the bulls also derived support from an Iranian threat to block shipments through the Strait of Hormuz while comments from the Iranian government, asking Trump to stop tweeting on oil prices, also helped. "We have informed our oil customers that we will only buy their commodities if they buy our crude", Gharekhani said. Oil prices fell earlier today as Trump demanded that the OPEC cartel reduce crude prices.

Trump delaying NAFTA deal until after United States midterm elections

06 Jul, 2018

The start time was also pushed back to make it more cocktail party than picnic, said Sarah Goldfeder, a principal at Earnscliffe in Ottawa and former special assistant to two US ambassadors. Not to mention Trump made headlines globally after his first Canadian visit for the G7 Summit he called Prime Minister Justin Trudeau " very dishonest and weak ".

Euro edges higher, yuan gains as trade concerns linger

06 Jul, 2018

On economic news, Hong Kong's value of total retail sales in May, provisionally estimated at HK$40.5 billion, rose 12.9% over the same month in 2017, according to the Census and Statistics Department . "Expectations that China will impose more property controls are weighing on developer shares as the market is still overheated", said Jiang Yining, an analyst in Shanghai with Capital Securities.

United States will act if not treated properly — Trump warns WTO

06 Jul, 2018

Economist at Capital Economics. Last week, a source familiar with Trump's thinking told Reuters that the president has privately expressed a desire to quit the WTO, but that it was not a serious proposal. The proposal would likely face significant headwinds in Congress, including from Trump's own party, which has embraced free trade agreements and bristled at the administration's tariffs on key USA trading partners.

China says US ‘opening fire’ on the world with tariff threats

06 Jul, 2018

After months of simmering tension between the world's two largest economies, the USA looks poised to impose tariffs on US$34 billion worth of Chinese goods on Friday. Chinese retailers told Reuters they probably would raise prices or spurn USA imports for domestic substitutes, which could eventually hurt their businesses.

USA aims to reduce Iran’s oil revenue to zero

04 Jul, 2018

Trump, who is spending the weekend at his golf property in New Jersey, said in a tweet on Saturday that Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud of Saudi Arabia had agreed to produce more oil. Inventories at Cushing fell 2 million barrels last week, according to a separate forecast compiled by Bloomberg. An International Energy Agency scenario projects oil production falling by around 1.5 million bpd due to the loss of Iranian and Venezuelan oil.

Over 40 countries at WTO object to US car tariff plan

04 Jul, 2018

While the bill is still in draft format, it highlights the extremes Trump is willing to take in dealing with what the President considers an unfair trade balance between the United States and the rest of the world. It would also allow "reciprocal tariffs", so Mr Trump could impose U.S. tariffs on particular goods equal to the tariff charged on USA exports of those goods by another country.

Walmart lists 'Impeach 45' shirts & baby onesies, boycott threatened

04 Jul, 2018

Reports indicate "Impeach 45" clothing is made by a number of manufacturers, some of which also produce items featuring with the "Make America Great Again" and " Donald Trump Speaks For Me" slogans. The "Impeach 45" shirt was sold by Old Glory , a third-party seller using Walmart's Marketplace platform. Walmart's "Impeach 45" apparel causes stir on social media.

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