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2019-01-11T12:08:47.941Z
Poland arrests two, including Huawei employee, over spying allegations Poland has arrested a Chinese employee of Huawei and a Polish national involved in cyber business on allegations of spying, Polish media reported. The company added it did not know if the investigation was linked to the employee's professional work, and that it would continue to cooperate with the authorities No evidence has been produced publicly and the firm has repeatedly denied the claims Reuters Huawei Techno-nationalism Most Viewed in World Loading
2019-01-11T11:59:12.110Z
Canada working to put pressure on Trump over metals tariffs – Trudeau Ottawa is cooperating with politicians and businesses in the United States to make President Donald Trump scrap tariffs on its steel and aluminum, said Canada’s Prime Minister Justin Trudeau. He imposed a 25-percent tariff on steel imports and a 10-percent tariff on aluminum imports from Mexico, Canada and the EU For more stories on economy & finance visit RT's business section Trends: Canada newsDonald Trump newsJustin Trudeau newsTariff newsUS news
2019-01-11T11:56:18.832Z
How's the US economy doing? Shutdown makes it harder to say WASHINGTON (AP) — The partial shutdown of the U.S. government has begun to make it harder to assess the health of the economy by delaying or distorting key reports on growth, spending and hiring. Government data on home construction and retail sales, for example, won't be released next week because staffers who compile those reports have been furloughed. The retail sales report provides a snapshot of consumer spending, which fuels more than two-thirds of the economy. With Macy's and Kohl's having said Thursday that their holiday sales were weaker than expected, a broader gauge of retail spending would have provided important clarity. That’s because up to 380,000 federal employees who aren’t working or being paid during the shutdown but who will return to work afterward could be counted as unemployed for January It may take some time to get a ‘clean’ read on the economy, economists at Bank of America Merrill Lynch said Thursday
2019-01-11T11:30:55.129Z
China and the US just agreed to a fresh set of trade war negotiations — but the government shutdown threatens to derail any progress The US and China have agreed to go ahead with a further set of trade negotiations at the end of January, the Wall Street Journal reports. According to the Journal, talks are set take place on January 30 and 31, but could ultimately be derailed by the ongoing shutdown of the US government over funding for President Trump's hugely controversial wall on the southern border with Mexico Numerous sticking points remain, however, including Washington's desire for better protection of American intellectual property in China, and the further opening of Chinese markets to foreign companies
2019-01-11T11:22:36.850Z
Economic slowdown continues as Brexit day nears Over the three months to November, GDP rose 0.3 per cent compared with the previous quarter. This stacks up with growth of 0.4 per cent recorded in the three months to October. An economic slowdown continued through the autumn as manufacturing shrank, led by a plunge in the strength of car and pharmaceutical firms This stacks up with growth of 0.4 per cent recorded in the three months to October Trouble in the car manufacturing sector was laid bare yesterday as Jaguar Land Rover, Britain's biggest car firm, announced it was cutting 5,000 jobs
2019-01-11T11:10:06.123Z
Google Suit, Olympus Activists, Huawei Arrest: CEO Daily for January 11, 2019 Must-read business news, delivered every morning. Olympus president Hiroyuki Sasa will also step down in April CNBC Hong Kong Airlines Hong Kong Airlines insists it will be able to pay $550 million in debts in a timely fashion, even though some claim it’s under strain Find previous editions here, and sign up for other Fortune newsletters here
2019-01-11T11:00:03.856Z
UK economy slows as global worries, Brexit weigh on factories Britain's economy grew at its weakest pace in half a year in the three mont... Britain is due to leave the EU on March 29 and whether businesses will still be able to trade without disruption to cross-border supply chains remains unclear (This story has been refiled to fix typo in headline) Our Standards:The Thomson Reuters Trust Principles
2019-01-11T10:52:54.697Z
US-China trade war: Why America must win Here's what's at stake amid increased trade tensions between the world’s two largest economies. The government-run censorship, unlimited data gathering and surveillance is one thing Meanwhile, China’s middle class alone is expected to exceed the entire US population by 2022 She earned her juris doctor degree from the University of Florida and her Master of Law degree in taxation from New York University
2019-01-11T10:43:05.997Z
Asia stocks crawl to five-week high, yuan makes big weekly gains Asian stocks inched up to five-week highs on Friday, after Chairman Jerome Powel... U.S. Treasury Secretary Steven Mnuchin said Chinese Vice Premier Liu He will most likely visit Washington later in January for trade talks For markets the upshot is that the outlook for 2019 is looking better as tensions de-escalate, creating the potential for a re-rating of risk assets as the tail risk of a near-term trade war is partially priced out, said Jeremy Lawson, chief economist at Aberdeen Standard Investments in Edinburgh Our Standards:The Thomson Reuters Trust Principles
2019-01-11T10:26:04.162Z
Oil set for weekly gain on trade optimism, OPEC-led supply cuts Oil prices rose 1 percent on Friday, on track for solid weekly gains after finan... Concerns about the global economy linger, however, with signs mounting that China’s growth in 2018 and 2019 would be the lowest since 1990 Most analysts have downgraded their global economic growth forecasts below 3 percent for 2019, with some fearing a recession amid trade disputes and spiraling debt Our Standards:The Thomson Reuters Trust Principles
2019-01-11T10:26:02.678Z
Oil set for the longest winning streak in 30 years as traders bask in improved US-China sentiment Stock market wobbles have grabbed all the attention, but oil has had a stunning rally into the new year, helped by signs the trade war is thawing and OPEC. Oil has rallied in the new year, with a nine-day run of gains for WTI, its best run since 2010 The macro drivers of prices has been the more dovish Federal Reserve and better news coming out of the US-China trade dispute, Stephen Innes, head of trading for Asia Pacific at futures brokerage Oanda, sadi in an interview
2019-01-11T10:07:23.663Z
UK economic growth hits six-month low, manufacturing slides Britain's economy cooled in the three months to November, expanding at its weakest pace in six months as factories suffered from tough global trade conditions ahead of Brexit, official data showed on Friday. Calls for a second referendum -- which May has rejected -- are growing Separate figures showed Britain's goods trade deficit widened unexpectedly in November to 12.0 billion pounds from 11.9 billion pounds, worsened by the highest oil imports since September 2014
2019-01-11T09:48:11.133Z
China retailers slash iPhone prices after Apple sales warning The discounting has been as steep as $118 for the recently launched 64GB iPhone XR. CLICK HERE TO GET THE FOX BUSINESS APP Apple's China woes come against the backdrop of a broader slowdown in demand for gadgets across the tech sector as the country's economic growth slows, exacerbated by Beijing's trade war with the United States
2019-01-11T09:36:06.078Z
China-Japan ties Abe's nationalist tendencies also worry Beijing but now they are above that level and moving toward reconciliation Much wisdom is needed to overcome their differences, which is prevailing at this time The writer is a consultant at the Institute of Strategic Studies Islamabad
2019-01-11T09:34:37.676Z
Stocks on Track for Weekly Gains as Growth Fears Ease Stocks in Europe and Asia moved slightly higher, keeping major world markets on track for another week of solid gains. Stocks in Europe and Asia moved slightly higher Friday, keeping major world markets on track for another week of solid gains Fed Vice Chairman Richard Clarida separately said low inflation should allow the bank to be patient with future interest-rate increases
2019-01-11T08:58:06.673Z
Retailers are slashing iPhone prices across China as consumers say the phones aren't worth the cost Apple's latest iPhone models have been selling poorly in China because they're priced too high and they lack exciting features compared to local rivals like Huawei, experts said. Karen Xiao, an iPhone 7 user living in Guangzhou, said the prices of the new iPhones are too high and her current model still works fine Apple will also be left behind on (the) 5G tech integration curve as Chinese brands will be at least (a) couple of years ahead, Neil Shah, a research director at Counterpoint Research, told CNBC
2019-01-11T08:47:50.782Z
Oil set for weekly gain on trade talk optimism Markets were still held in check by expectations of an economic slowdown in 2019. Lower oil exports from Iran since last November, when U.S. sanctions against it resumed, have also supported crude Despite this, concerns over the health of the global economy lingered on, with signs mounting that China's growth in 2018 and 2019 would be the lowest since 1990 (Reporting by Henning Gloyystein and Koustav Samanta in Singapore; Editing by Joseph Radford and Christian Schmollinger)
2019-01-11T08:38:42.861Z