Business

China investigates FedEx for Huawei cargo error

China investigates FedEx for Huawei cargo error The most recent round of negotiations earlier this month ended with no agreement, after Mr Trump more than doubled duties on 200 billion dollars (£158bn) in Chinese imports. Xinhua used two hashtags in Weibo posts on the FedEx probe: #ChinaUSTrade and #RetaliateAgainstUSTradeBullying. Several countries are also considering banning Huawei gear from 5G wireless networks, amid USA lobbying that Hu... [Full Article...]

Mati Greenspan on billionaire BTC buyer: this will "push the price up"

Mati Greenspan on billionaire BTC buyer: this will Now, the anonymous crypto investor wants to purchase 25 percent of Bitcoin supply and not from crypto exchanges. According to latest reports, the crypto asset exchange Dadiani Syndicate with the principal aim of stimulating foreign investment into the United Kingdom using the Blockchain has reportedly claimed that the platform has been approached by one of the clients; who is attempting to purch... [Full Article...]

Brent oil price continue to fall

Brent oil price continue to fall American benchmark West Texas Intermediate, on the other hand, was at $59.39 a barrel for a 0.1% gain after ending the previous session at $58.81 per barrel. Updates on crude oil derivatives trades: In crude oil segment, we initiated a risk reversal strategy by going long in Brent Dec'19 10D call versus short Dec'19 10D put. [Full Article...]

Uber will deactivate riders with bad ratings

Uber will deactivate riders with bad ratings As you can see from that screenshot, it seems the "favorite" option comes on the screen that also lets you assign a star rating to a driver after your ride. Now, the tables are being turned, with Uber saying it will start deactivating riders who can't seem to improve their behaviour. Last month, Uber updated its app to ensure riders the confidence that their driver has been safely vetted. [Full Article...]

Trump imposing increasing tariffs on Mexico in response to migrants

Trump imposing increasing tariffs on Mexico in response to migrants After his trip to Colorado Springs, Trump tweeted a video from the US Border Patrol showing over 1,000 migrants being apprehended after crossing over from Mexico illegally, calling it the " largest group of illegal aliens ever ". He hoped to divert funds for the barrier under his national emergency declaration , but a federal judge blocked his efforts in May . The president also took aim at hi... [Full Article...]

China accuses United States of 'economic bullying'

China accuses United States of 'economic bullying' Chinese authorities haven't officially announced they will restrict rare earths sales to the United States, but media outlets, for instance the People's Daily , heated up tensions by pointing at Washington's somewhat uncomfortable reliance on those elements from China , which accounts for roughly 95 percent of global output, per Bloomberg. [Full Article...]

India's Modi to hold bilateral meetings with visiting leaders after swearing

India's Modi to hold bilateral meetings with visiting leaders after swearing Dasgupta said that it is certain that Arun Jaitley is not going to be the finance minister and Amit Shah , who is speculated to join the Cabinet in Modi's second term, is unlikely to leave his post as the BJP chief. Meanwhile no leader from the DMK attended the ceremony, as neither the party president MK Stalin nor any of the MPs from the party got an invite, according to party sources. [Full Article...]

Huawei calls on the USA government to stop "state-sanctioned campaign"

Huawei calls on the USA government to stop Huawei began the campaign with an opinion piece in the Wall Street Journal Sunday. Chinese telecom giant Huawei is now leaning heavily on Korean and Taiwanese tech suppliers, after being banned by the USA government from buying US -made goods. [Full Article...]

Bruised Aussie opposition set to anoint Anthony Albanese as new leader

Bruised Aussie opposition set to anoint Anthony Albanese as new leader The incumbent Liberal-National Party Coalition (LNP) and Prime Minister Scott Morrison defied opinion polls, all of which projected a Labor victory, to win a third term in government. Australia Labor party leader Anthony Albanese . The Labor party performed particularly poorly in Queensland state, where Shorten was perceived to be lukewarm about a potential large India-backed mine that prom... [Full Article...]

Eyeing China, Pentagon sends report on rare earth minerals to Congress

Eyeing China, Pentagon sends report on rare earth minerals to Congress The Global Times acknowledged that banning rare earth exports to the United States could "produce complex effects, including incurring certain losses on China itself". Rare earths don't get their name because of their scarcity; rather, they got that label in the 18th and 19th centuries because of their relative imperviousness to heat compared with other mined materials. [Full Article...]

MacKenzie Bezos joins Giving Pledge, agrees to donate half her $37B fortune

MacKenzie Bezos joins Giving Pledge, agrees to donate half her $37B fortune One of the richest women in the world will give the majority of her fortune away to charity. "And I will keep at it until the safe is empty", she said in a letter dated May 25, 2019. Her philanthropy to date has focused on marriage equality, transitional housing for homeless families, and college scholarships for undocumented immigrants brought to the USA as minors. [Full Article...]

Battered EU center holds off populist surge in vote

Battered EU center holds off populist surge in vote Spain saw turnout up about 10 percentage points from 2014 and in Poland, though just 14% at 1000 GMT, it was nonetheless double the participation rate at the same time five years ago. "That is the best result we have ever achieved in any supra-regional election", said Ska Keller, one of the two top candidates for the German Greens. [Full Article...]

FedEx diverts two Huawei packages to the United States without permission

FedEx diverts two Huawei packages to the United States without permission Huawei told Reuters the packages contained urgent and time-sensitive paperwork and "no technology". Huawei is still dealing with the fallout from the trade ban, and it now looks like the Chinese manufacturer will have to find a new package delivery service. [Full Article...]

FCA officially proposes merger with Groupe Renault

FCA officially proposes merger with Groupe Renault The deal, if approved by their boards, would see both FCA and Groupe Renault shareholders own 50 percent of the company , which would be overseen by a majority independent board of directors. The company's board met Monday at its headquarters in Boulogne-Billancourt outside Paris to discuss the proposal and said afterward that Renault will study it "with interest". [Full Article...]

Huawei founder ready for drawn out battle with United States over blacklist

Huawei founder ready for drawn out battle with United States over blacklist Talks between China and the US on trade have been ongoing for months, with the USA putting pressure on China by levying tariffs on imports. Speaking in Tokyo Monday, Trump said of China, "they would like to make a deal". Play Store, Gmail, Drive, Google Assistant, all of those apps will always work on any Huawei device now in use or on sale. With Huawei's and Samsung's current troubles, is th... [Full Article...]

Panasonic suspends its business with Huawei after USA ban

Panasonic suspends its business with Huawei after USA ban Huawei said Wednesday that it recognised "the pressure" placed on its suppliers, and that it was "confident this regrettable situation can be resolved". Washington has previously claimed that Huawei's gear could be used by China to spy on Americans - allegations Huawei has repeatedly denied. Trump's order effectively bans U.S. [Full Article...]

Browns among teams Gerald McCoy is considering

Browns among teams Gerald McCoy is considering McCoy was released Monday by the Tampa Bay Buccaneers in a move that was financially motivated. New Browns wide receiver Odell Beckham Jr . encouraged McCoy to consider Cleveland shortly after he was cut, and Browns offensive coordinator Todd Monken gave general manager John Dorsey a good scouting report on him last week. [Full Article...]

Maui yoga instructor who vanished weeks ago has been found

Maui yoga instructor who vanished weeks ago has been found It's unknown how or to what extent Eller was injured, or how she survived until she was found . Friends on social media say Eller got by on a combination of guava, berries and water. "She lost quite a bit of weight, as you can imagine, being lost for that amount of time", Eller said, Maui News reported. Amanda Eller , 35, went hiking in Maui's Makawao Forest Reserve on May 8 but became... [Full Article...]

Abe, Trump relax over traditional charcoal grill dinner in Tokyo

Abe, Trump relax over traditional charcoal grill dinner in Tokyo The Japan Sumo Association instituted some safety precautions due to Trump's participation, including selling fewer same-day tickets and banning the ritual of throwing seat cushions as an expression of disappointment. The trip kicks off an intensive schedule of foreign travel that will take Trump to Europe and then back to Asia over the next month. "We were able to exchange our views frankly i... [Full Article...]

Topshop in Fareham to close along with 23 stores across the UK

Topshop in Fareham to close along with 23 stores across the UK Multiple allegations of sexual harassment, bullying and racial abuse targeted at chairman of Arcadia Group Philip Green ( Miss Selfridge , Dorothy Perkins and several other brands are helmed by the group) have also contributed to sales slides, with customers boycotting brands under his management. [Full Article...]


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