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Posts filtered by tags: World news[x]


 

'There will be conflict': Huawei founder says US underestimates company's strength

Founder Ren Zhengfei says 5G plans will be unaffected and suggests US leaders have miscalculatedThe founder of Huawei, Ren Zhengfei, has said the US “underestimates” the telecom giant’s strength, and that conflict with America was inevitable in the quest to “stand on top of the world”.Ren, speaking after Donald Trump declared a national emergency aimed at thwarting Huawei’s global 5G ambitions, told Chinese media: “The current practice of US politicians underestimates our strength. Continue read...
Tags: Huawei, China, US news, Asia Pacific, Technology, World news, Donald Trump, International trade, Global economy, Business, Economics


Ford to cut 7,000 jobs including more than 500 in UK

US carmaker announces plans to reduce global workforce by 10% by the end of AugustFord is to cut at least 7,000 jobs, including about 550 in the UK, as it presses ahead with plans to reduce costs in Europe and the US.The US carmaker said it planned to cut 10% of its global workforce by the end of August, after announcing plans to shrink its European operations this year. Continue reading...
Tags: Business, UK News, World news, US news, Ford, Job losses, Automotive Industry


Could the US-China trade row become a global cold war? | Nouriel Roubini

If Donald Trump and Xi Jinping slide into ongoing animosity, the world will pay the priceA few years ago, as part of a western delegation to China, I met Xi Jinping in Beijing’s Great Hall of the People. When addressing us, Xi argued that China’s rise would be peaceful, and that other countries – namely, the US – need not worry about the “Thucydides trap”, so named for the Greek historian who chronicled how Sparta’s fear of a rising Athens made war between the two inevitable. In his 2017 book De...
Tags: Business, China, International Trade, Economics, World news, US news, Asia Pacific, Global Economy


From bleak to bustling: how one French town solved its high street crisis

Mulhouse has turned around its image and now boasts more shops opening than closing, thanks to smart planning, investment and community effortsOn a lane in what was once considered eastern France’s grimmest town, a street artist is up a ladder finishing a mural, the independent bookshop has a queue at the till, the organic cooperative is full of customers and Séverine Liebold’s arty independent tea shop is doing a brisk trade.When Liebold opened Tilvist in Mulhouse three years ago, in a space th...
Tags: Europe, Business, France, Life and style, World news, Retail industry, Cities, Shops and shopping


From bleak to bustling: how one French town beat the high street blues

Mulhouse has turned around its image and now boasts more shops opening than closing, thanks to smart planning, investment and community effortsOn a lane in what was once considered eastern France’s grimmest town, a street artist is up a ladder finishing a mural, the independent bookshop has a queue at the till, the organic cooperative is full of customers and Séverine Liebold’s arty independent tea shop is doing a brisk trade.When Liebold opened Tilvist in Mulhouse three years ago, in a space th...
Tags: Europe, Business, France, Life and style, World news, Retail industry, Cities, Shops and shopping


Turkey insists on right to drill for energy reserves off Cyprus

Dispute likely to escalate after Nicosia said it would seek to arrest anyone caught drillingTensions over energy resources in the eastern Mediterranean have risen sharply after Turkey said it would “exercise its sovereign rights” to drill off Cyprus in flagrant defiance of warnings from western allies.As the dispute over potential gas reserves intensified, Ankara insisted its state-of-the-art drilling ship, the Fatih, and its support vessels would begin operations in waters viewed by the EU as b...
Tags: Europe, Business, Greece, Oil, European Union, World news, Commodities, Cyprus, Turkey, Oil and gas companies, Energy industry


Van halo: the truck shop in New Zealand that drives off profiteers

Salvation Army initiative delivers truck shop service without high prices or extortionate loansPainted bright purple and crammed full of everyday essentials, the Salvation Army’s Good Shop is hard to miss as it cruises the back streets of south Auckland.Frequenting deprived suburbs that are targeted by predatory lenders, the Good Shop aims to beat the bad guys at their own game. Continue reading...
Tags: Money, World news, Consumer affairs, Asia Pacific, Charities, Voluntary sector, New Zealand


Deutsche Bank staff saw suspicious Trump and Kushner activity – report

New York Times releases explosive report on Russia-linked bankEmployee says ‘nothing happened’ after she raised concernsSeveral financial moves by legal entities controlled by Donald Trump and Jared Kushner between 2016 and 2017 triggered suspicious activity alerts inside Deutsche Bank, a major lender to the Trump family, according to a report in the New York Times. Related: No holds Barred: Trump and his troops push for imperial presidency Continue reading...
Tags: Business, Real Estate, Russia, World news, Banking, US news, US politics, New York Times, European banks, Deutsche Bank, Donald Trump, Jared Kushner


BP pushed for Arctic drilling rights after Trump's election

Despite PR damage over earlier spills, documents show oil firm pressed for reduced regulationBP stepped up its campaign to be allowed to drill for oil in the Arctic sea and an Alaskan wildlife refuge after Donald Trump was elected president, according to documents that detail the British firm’s lobbying efforts.Documents written by BP and oil industry groups show how the oil “supermajor” seized on the opportunity presented by Trump’s 2016 election victory to expand its offshore business, just se...
Tags: BP, Oil and gas companies, Oil, Business, US news, World news, Arctic, Environment, Oil spills


Too much has been sacrificed to allow Brexit to destroy Europe’s unity

As the anniversaries of D-Day and Monte Cassino approach, we should remember how and why the ‘European project’ startedShortly after Thursday’s elections for the European parliament, we shall be witnessing the 75th anniversaries of D-Day and of the terrible carnage of the battle of Monte Cassino. One hopes that memories of these events – or, in many cases, learning about them for the first time – may concentrate minds on all sides in the debate about our future relationship with the rest of Euro...
Tags: Economics, Brexit, European Union, Second world war, Foreign policy, European elections, D-day, European parliamentary elections 2019, Europe, UK news, Business, Politics, World news


Trump cools trade war by lifting North American metal tariffs

Steel and aluminium imports from Mexico and Canada affectedTrump pauses implementation of auto tariffs on EU and JapanThe Trump administration moved to cool the simmering trade war with its major trading partners on Friday, ending tariffs on metal imports from Canada and Mexico and announcing a pause on planned tariffs on cars and car parts.“I’m pleased to announce we’ve just reached agreement with Canada and Mexico,” Donald Trump said. “We’ll be selling our product into those countries without ...
Tags: Business, Mexico, Americas, International Trade, Economics, Eu, World news, US news, Canada, Automotive Industry, Donald Trump, Justin Trudeau, Trump, Trump Administration, JapanThe Trump


Soaring oil prices cast shadow on US ahead of Opec meeting

Risk to oil market of three simultaneous disruptions becomes lobbying point for Iran and LibyaIn November 2018, Donald Trump tweeted: “Oil prices getting lower … a tax cut for America and the world! Enjoy! $54 … Thank you to Saudi Arabia.”Five months on, with oil prices more than $70, Trump will be in a less celebratory mood as Opec’s oil ministers and their allies gather in Jeddah on Friday, without Iran. The main agenda item will be the implications for oil of three interconnected American for...
Tags: Business, Saudi Arabia, Africa, Oil, Americas, US, America, Opec, World news, Commodities, US foreign policy, US news, Iran, Middle East and North Africa, US politics, Libya


Facebook job offers 'shunned by top talent after data scandal'

Recruiters reportedly say social network has suffered major decline in interest from top US schoolsThe fallout from the Cambridge Analytica scandal continues to hurt Facebook as candidates turn down job offers from what was once considered one of the best employers in the tech sector.Job offer acceptance rates at Facebook have significantly decreased, it has been reported, after the revelations last March that the data of up to 87 million users of the social network had been used improperly by C...
Tags: Facebook, Business, Technology, Media, Social Networking, US, World news, US news, Donald Trump, Cambridge Analytica


European companies can't compete against global giants

Finance ministers say Europe is increasingly dependent on Chinese and US technologyIt boasts the world’s second biggest economy, a huge consumer market of about 500 million people and prodigious pools of talent and capital, not to mention two of the world’s most important financial centres.But Europe is struggling to match its great rivals, the US and China, in creating the kind of global firms that increasingly dominate the 21st-century marketplace. Continue reading...
Tags: Google, Europe, Business, Technology, France, China, Germany, US, World news, Global Economy, Telecommunications industry, Siemens, Manufacturing sector, Waymo, Rail industry


The DRC needs our help to tackle Ebola | Letter

The last Ebola outbreak, in Sierra Leone, left that country with a huge debt to the IMF, for loans taken on to fight the disease, writes Frances MiddletonAs a veteran door knocker with Christian Aid’s red envelopes, I was horrified to read about the worsening Ebola crisis in the Democratic Republic of the Congo (Report, 15 May). The last Ebola outbreak, in Sierra Leone, left that country with a huge debt to the IMF, for loans taken on to fight the disease. That money is still being repaid, leavi...
Tags: Business, Ebola, Africa, Economics, World news, Sierra Leone, Global development, Democratic Republic of the Congo, Imf, Drc, Christian Aid, International Monetary Fund (IMF, Christian Aid Week


Asos tycoon who lost children in Sri Lanka attacks thanks public

Anders and Anne Holch Povlsen thank those who offered condolences after three of their children were killedThe Povlsen family have thanked the public for their condolences after they lost three of their four “beloved and beautiful” children in the terrorist attacks in Sri Lanka.Anders and Anne Holch Povlsen, who own an estimated 80,000 hectares (200,000 acres) in the Scottish Highlands, said the many words of comfort they had received since the attacks last month had touched their hearts. Contin...
Tags: Business, Scotland, UK News, World news, South and Central Asia, Asos, Sri Lanka, Anders, Povlsen, Sri Lanka attacks, Anne Holch Povlsen, Sri Lanka Anders


How other countries are responding to Trump's Huawei threat

The US says allies face a ban on intelligence sharing for using Chinese 5G equipmentHuawei hits back over Trump’s national emergency on telecoms ‘threat’Donald Trump signed an executive order on Wednesday that effectively bars US companies from using telecoms equipment supplied by “foreign adversaries” deemed to pose “unacceptable risks” to national security.The “national emergency” ban is aimed at controversial Chinese telecom Huawei, which the US claims could use equipment supplied to forthcom...
Tags: Business, Technology, China, US, World news, US news, Cybercrime, Asia Pacific, Telecommunications industry, Huawei, Trump, Trump Administration


Trump pardons fraudster Conrad Black after glowing biography

Former media mogul who owned Daily Telegraph spent more than three years in prisonConrad Black, the former media mogul who owned the Daily Telegraph and the Spectator before being jailed for fraud, has been pardoned by Donald Trump – shortly after writing a book praising the US president.The Canadian-born British citizen was once known for his extravagant lifestyle as he ran an international newspaper empire that included the Chicago Sun-Times and the Jerusalem Post. But he ended up serving thre...
Tags: Business, US, UK News, World news, US news, US politics, US crime, Donald Trump, Daily Telegraph, Trump, Chicago Sun Times, Jerusalem Post, Conrad Black, Trump Administration


Conrad Black: Trump pardons convicted fraudster who wrote flattering book

Former media mogul who owned Daily Telegraph spent more than three years in prison on fraud chargesConrad Black, the former media mogul who owned the Daily Telegraph and The Spectator before being sent to prison for fraud, has been pardoned by Donald Trump – shortly after writing a book praising the US president.The Canadian-born British citizen was once known for his extravagant lifestyle as he ran an international newspaper empire that also included the Chicago Sun-Times and the Jerusalem Post...
Tags: Business, US, UK News, World news, US news, US politics, US crime, Donald Trump, Daily Telegraph, Trump, Chicago Sun Times, Jerusalem Post, Conrad Black, Trump Administration


Electric 'flying taxi' prototype unveiled by German start-up

Lilium says electric jet-powered five-seater aircraft could be in service by 2025A new “flying taxi” has been unveiled by German start-up Lilium, which claims the vertical take-off craft could be the basis for an on-demand air service within six years.The electric jet-powered five-seater aircraft is designed to travel up to 300km, a journey that would take it an hour at top speed. Continue reading...
Tags: Business, Technology, Environment, World news, Greenhouse Gas Emissions, Travel and transport, Automotive Industry, Motoring, Electric, Hybrid And Low-emission Cars, Aeronautics, Lilium


Tax authorities mount raids on 19 German banks and homes

Investigation is linked to Panama Papers and part of money laundering allegationsEleven banks and eight private homes and offices across Germany have been raided by police and tax investigators as part of a wide-ranging investigation into tax evasion.The raids, which began at dawn on Wednesday and went on into the afternoon, were part of the same investigation started last November over money laundering allegations linked to the so-called Panama Papers scandal, alleged to involve Deutsche Bank....
Tags: Europe, Business, Germany, UK News, World news, Banking, Panama, Tax Havens, Panama Papers, Deutsche Bank Continue


Pilots confronted Boeing with 737 Max fears after first fatal crash, audio reveals

Boeing appeared to play down concerns of a second crashAudio release comes as House committee reviews FAA roleAmerican Airlines pilots angrily confronted a Boeing official about an anti-stall system suspected in two fatal crashes of the manufacturer’s 737 Max aircraft, according to a new recording. Related: Boeing boss rejects accusations about 737 Max jets that crashed Continue reading...
Tags: Business, World news, US news, House, Airline Industry, US Congress, Boeing, Lion Air crash, Ethiopian Airlines crash, FAA roleAmerican Airlines


Trump defends China tariffs and claims 'great patriot farmers' will reap benefits

Trump promises new deal with China can be reached soonChinese retaliation prompted huge stock market sell-offDonald Trump continued to defend his trade war with China on Tuesday, claiming “great patriot farmers” in the US would benefit from tariff increases that triggered sell-offs in stock markets across the world. Related: Barr working with CIA to review Trump-Russia investigation, reports say – live Continue reading...
Tags: Business, China, US, Economics, World news, US news, US politics, Cia, Donald Trump, Trump, Barr, Trump Administration, Trump Russia


U.S. targets $300 billion of Chinese goods for new tariff hikes

By JOE McDONALD BEIJING — U.S. officials listed $300 billion more of Chinese goods for possible tariff hikes while Beijing vowed Tuesday to “fight to the finish” in an escalating trade battle that is fueling fears about damage to global economic growth. The U.S. Trade Representative’s Office issued its target list after Beijing announced tariff hikes Monday on $60 billion of American goods in their spiraling dispute over Chinese technology ambitions and other irritants. Chinese authorities were ...
Tags: Europe, Business, News, Washington, China, Uncategorized, Sport, World news, Beijing, Soccer, United States, Xi Jinping, Louisiana, Donald Trump, Pacific, Dow


Cannes 2019: jury speaks out against 'rage and anger' of populist politicians

Jury president Alejandro González Iñárritu takes aim at Donald Trump’s anti-immigrant policiesA familiar trio of topics – Netflix, gender disparity and Donald Trump – were on the agenda as the this year’s Cannes film festival got under way.At the press conference introducing this year’s festival jury, its president, Birdman and The Revenant director Alejandro González Iñárritu, took aim at Trump and offered support to theatre chains battling the dominance of the streaming service. Another jury m...
Tags: Europe, Business, Media, Film, France, Women, Life and style, World news, Film Industry, US news, Happy, Netflix, Culture, Festivals, US immigration, Cannes film festival


Huawei 'prepared to sign no-spy agreement with UK government'

Chinese telecoms company’s chairman says concerns about surveillance are overblownHuawei’s chairman has said the Chinese company would be prepared to sign a “no-spy agreement” with the British government to reassure politicians it has no intention of allowing its technology to be used for surveillance.Speaking on a visit to London, Liang Hua said the company did not want to spy on western consumers and that concerns about Chinese laws requiring the company to cooperate with the regime’s intellig...
Tags: Business, UK, Technology, Privacy, UK News, World news, Surveillance, Telecommunications industry, Telecoms, Huawei, London Liang Hua


Huawei founder 'would shut it down' if China asked it to eavesdrop

Telecoms firm insists it has never been asked to spy after political row over 5G networkThe founder of the Chinese telecoms equipment firm Huawei would “shut the company down” if he was asked by the country’s communist regime to eavesdrop on mobile phone calls, according to a senior executive at the fast-growing multinational.Tim Watkins, the company’s vice-president for western Europe, said Huawei had never been asked by the Chinese government to conduct surveillance despite a recently introduc...
Tags: Europe, Business, Technology, China, UK News, World news, Surveillance, Telecommunications industry, Telecoms, Huawei, Tim Watkins


Global markets fall as China hits back at US with new import tariffs

Beijing ignored Trump’s warning not to retaliate, saying it would ‘never surrender’Share prices have tumbled around the world after China delivered a swift rebuff to Donald Trump by imposing retaliatory tariffs on $60bn of US imports.Beijing ignored warnings from Trump about the dangers of escalating the trade conflict and sent tremors through global markets when it announced a new 25% import duty on a range of US products. Continue reading...
Tags: Business, China, US, International Trade, Economics, World news, US news, Beijing, Asia Pacific, Global Economy, Donald Trump, Trump


Apple's iPhone cost faces sharp increase as US-China trade dispute worsens

Trump-imposed tariff of 25% on $200bn of goods could add about $160 to the cost of a $999 Chinese-made iPhone XSThe escalating trade dispute between the US and China could prove damaging to Apple and its customers by pushing up the cost of iPhones and driving down the share price.According to a report by Morgan Stanley, the new Trump-imposed tariff of 25% on $200bn of Chinese-made goods could add about $160 (£124) to the cost of a Chinese-made iPhone XS, which starts at $999. Continue reading...
Tags: Iphone, Apple, Business, Technology, China, US, International Trade, World news, US news, Morgan Stanley, Trump, US China


China hits back at US with tariffs on $60bn of products

Beijing has ignored Donald Trump’s warning not to retaliate against US tariff hikeChina has hit back in its trade war with the US, announcing plans to impose tariffs on $60bn of American imports.Tariffs will be imposed on 5,140 US products with an annual value of about $60bn (£46bn) from 1 June, the Chinese finance ministry said on Monday. Continue reading...
Tags: Business, China, US, International Trade, Economics, World news, US news, Beijing, Asia Pacific, Global Economy, Donald Trump



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