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FxWirePro: Amid western sanctions Huawei chief denies spying for China

FxWirePro: Amid western sanctions Huawei chief denies spying for China Recently, Huawei has been attempting to expand overseas but has found some of its efforts thwarted by nervous governments. Since previous year, the us government has asked several allies, including Australia , Canada and South Korea, to ban Huawei hardware and services in their countries. [Full Article...]

Taiwan says it won't bow to pressure amid China tension

Taiwan says it won't bow to pressure amid China tension The report released Tuesday by the Defense Intelligence Agency said China saw a almost threefold increase in defense spending from 2002 to 2018. "The biggest concern is that ... interests". Beijing considers self-ruled Taiwan a wayward province of China and the former British colony of Hong Kong returned to Chinese rule in 1997 and operates as a semi-autonomous territory. [Full Article...]

US Probes Huawei for Alleged Trade Secret Theft

US Probes Huawei for Alleged Trade Secret Theft Between allegations of spying , executives being arrested , and more, you wouldn't think that there could be any additional bad blood between the two. The investigation is at an advanced stage and an indictment could come soon, one of the people said. Emily Langlie, a spokeswoman for the US Attorney's office in Seattle, declined to comment, as did a spokesman for Huawei. [Full Article...]

China brushes off global outrage over death sentence for Canadian

China brushes off global outrage over death sentence for Canadian Freeland's office did not respond when asked whether she had been trying to defuse tensions with Beijing . Trudeau said Monday he was very concerned to see China "acting arbitrarily" by applying the death penalty and that Canada will do all it can to intervene on Schellenberg's behalf. [Full Article...]

The rules for Wednesday's no-confidence vote in Parliament

The rules for Wednesday's no-confidence vote in Parliament The motion was tabled tabled on Tuesday by Labour leader Jeremy Corbyn after 432 MPs voted against the Brexit deal. But senior Labour figures accept it is not likely to succeed, as she has the backing of Tory rebels and the DUP's 10 MPs, who less than 24 hours ago helped inflict a humiliating defeat on her. [Full Article...]

California-based utility PG&E files for Chapter 11 bankruptcy

California-based utility PG&E files for Chapter 11 bankruptcy The San Francisco-based company said its decision to reorganise under Chapter 11 is tied to more than Dollars 30 billion in claims it is facing over the so-called 2018 Camp Fire in Northern California - the deadliest in the state's recent history - that left 86 people dead. [Full Article...]

Alexandria Ocasio-Cortez Schools Former GOP Governor On Marginal Tax Analogy

Alexandria Ocasio-Cortez Schools Former GOP Governor On Marginal Tax Analogy Alexandria Ocasio-Cortez on Monday after the 29-year-old former bartender claimed that she President Donald Trump from her years working in bars. "Congresswoman Ocasio-Cortez", the reporter said. The young Democrat's comments came in response to Trump brushing off her accusations that he's a racist. Ocasio-Cortez reacted to the survey on Twitter - taking a shot at her critics as well. [Full Article...]

China Says Negotiations With US 'Lay Foundation' for Resolving Trade Dispute

China Says Negotiations With US 'Lay Foundation' for Resolving Trade Dispute Gao did not comment, however, on whether he was confident that the talks could be wrapped up in the 90-day period laid out by President Donald Trump and China's Xi Jinping . "As for whether the Chinese economy is good or not, I have already explained this". Asked about his presence on Tuesday, Lu from the foreign ministry said it wasn't surprising for Liu to be there. [Full Article...]

Time is running out for Sears; bankruptcy hearing Tuesday

Time is running out for Sears; bankruptcy hearing Tuesday The reprieve came after what Sears lawyers described to a bankruptcy judge in NY as "round-the-clock" negotiations following the company board's initial rejection of Eddie Lampert's proposal, which sought to preserve 425 stores and 50,000 workers. [Full Article...]

Delayed tax refunds? Prolonged partial government shutdown causes concern

Delayed tax refunds? Prolonged partial government shutdown causes concern Across the federal government, about 800,000 federal workers have been unpaid as Trump withholds his support for a bill which would fund the government until he secures the money for the wall that he promised during his election campaign. A short shutdown may have little impact, but a longer shutdown could prevent people who like to file their returns early from getting their refunds right away. [Full Article...]

Alleged 2019 iPhone renders surface, shows off three cameras

Alleged 2019 iPhone renders surface, shows off three cameras The company might end up changing how the device looks design wise. The flash LED and a microphone hole sandwich the third vertex of the triangle. However, it is likely that Apple's phones will not continue to grow in display size and that the iPhone XI in its two or three variants will not become even bigger than their predecessors. [Full Article...]

Wall Street shares tumble after Apple warning

Wall Street shares tumble after Apple warning Cook also that Chinese consumers may have elected not to buy iPhones because Apple is an American company, instead opting to support the firm's Chinese competitors. "In some developed markets, iPhone upgrades also were not as strong as we thought they would be", Cook said in his letter. In a letter to investors on Wednesday, chief executive Tim Cook said the firm's sales problems were pr... [Full Article...]

Japan's sushi king pays record $3M for giant bluefin tuna

Japan's sushi king pays record $3M for giant bluefin tuna Kiyomura Corp . owner Kiyoshi Kimura, right, poses with the bluefin tuna he made a winning bid at the annual New Year auction, in front of his Sushi Zanmai restaurant in Tokyo Saturday, Jan. The move was delayed repeatedly because of concerns over soil contamination. 'The celebration surrounding the annual Pacific bluefin auction hides how deeply in trouble this species really is, ' said Jamie... [Full Article...]

Strong US jobs growth makes 'mockery' of market fears

Strong US jobs growth makes 'mockery' of market fears The Labour Department reported Friday that United States employers added a net 312,000 new positions in December, smashing economists' expectations. It marked the ninth time the Fed has raised interest rates since 2015. "Meetings between the presidents and the Fed chairs do happen", he said. Markets have gyrated in recent months and manufacturing gauges have slowed as weakening global growth and... [Full Article...]

Apple shares tumble as firm blames sales slump on China slowdown

Apple shares tumble as firm blames sales slump on China slowdown Stock markets jumped Friday as investors welcomed news of trade talks between the USA and China next week and the US government reported a big increase in hiring in December. Some analysts, however, questioned the impact of Apple's own actions, such as its unyielding pursuit of high selling prices for its products. The current median price target is $186. [Full Article...]

Apple Shares Tumble After CEO Tim Cook Issues Revenue Downgrade

Apple Shares Tumble After CEO Tim Cook Issues Revenue Downgrade Halo Investing's Jason Barsema and BigEyedWish's Ian Wishingrad on Apple cutting its sales forecast due to a downturn in iPhone sales in China and the outlook for Amazon . A functional iPhone 7 Plus with the same amount of storage can get a trade in value of 1939 yuan ($282). Universal Display Corp. declined 3.5 per cent and Lumentum Holdings Inc. [Full Article...]

Apple Says Cheap Battery Swaps To Blame For Wonky Sales

Apple Says Cheap Battery Swaps To Blame For Wonky Sales Both of these numbers may sound positive; however, Cook's original estimate from about 60 days ago now was that Apple could earn as much as $93 billion in the quarter. Hassett says that Apple and other US companies operating in China, will see their business return in the country if the USA can have a successful negotiation with China. [Full Article...]

Tesla selloff on Model 3 delivery news overdone, analyst says

Tesla selloff on Model 3 delivery news overdone, analyst says But he further claimed that those numbers are not a good representation of how much demand there is for the Model 3 as the company is not actually attempting to sell the vehicle yet: "I think this is inconsequential because with a small amount of effort, we could easily drive the Model 3 reservation number to something much higher, but there's no point". [Full Article...]

Lexington, Kentucky, officers mourn loss of Krispy Kreme doughnut truck

Lexington police posted photos on social media of the blackened side of the truck and officers jokingly mourning the truck's loss. Police captioned the photos, "No words". The department posted an image of heartbroken officers with the caption, "No words". Soon after, police department officials from across the country began sending messages of support. [Full Article...]

Malware disrupts Baltimore Sun Media print production

Malware disrupts Baltimore Sun Media print production Forbes reports that the malware Tribune Publishing discovered was a version of the Ryuk ransomware family, which is often attributed to the Lazarus Group. While newspapers are often looked at as an antiquated news deliver system and ancient means of entertainment, there are still many subscribers across the USA who look forward to getting the latest edition every day. [Full Article...]


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