Commercial

US Blacklist Backfires as Huawei Starts Building 5G Base Stations Without American-Made Parts

The Chinese tech giant has made strides to replace American-made hardware, software and technology in its 5G internet and smartphone divisions after being placed on a US Commerce Department blacklist earlier this year. Huawei has begun manufacturing 5G base stations – the towers facilitating wireless communication between mobile devices and internet networks, without the use […]

Save
German Telecom Firm Picks Huawei to Develop Country’s 5G Network Despite US Opposition

In mid-October, the Handelsblatt newspaper reported that fresh security requirements for telecommunications networks in Germany does not contain a clause to keep Huawei from taking part in the construction of 5G infrastructure. Washington has repeatedly warned Berlin over Huawei taking part in developing Germany’s 5G infrastructure.

Save
Sanctions? Russia has the best-peforming stock market in the world

The Russian stock market has delivered the biggest returns to investors around the world this year. Global rate cuts and increased dividend payouts have been driving investor interest in Russia. The MSCI Russia Index which tracks the 23 largest Russian publicly-listed companies has surged 44 percent since the start of the year, according to Sberbank […]

Save
US airlines won’t immediately bring Boeing 737 MAX back to the skies even if FAA says it’s good to go – reports

Aiming to win back public confidence in the Boeing 737 MAX, major US airliners are reportedly planning to hold demonstration flights with senior company officials, but not real passengers, on board to prove the model is safe.

Save
WTO Allows China to Impose Retaliatory Measures Worth $3.6 Bln Against US

This comes amid US President Trump’s announcement that the signing site of the ‘phase one’ trade deal with China would be announced ‘soon’. A World Trade Organization’s arbitrator ruled Friday that China could impose $3.6 billion worth of tariffs on US goods over its unfair anti-dumping practices.

Save
Half the world’s banks are too weak to survive downturn $

A new survey from consultancy McKinsey & Co has found that a majority of banks globally may not be economically viable because their returns on equity aren’t keeping pace with costs. The study looked at 1,000 banks in developed and emerging countries and found that just over a third had made a return on capital […]

Save
EU ‘Regrets’ Record US Tariffs Over Airbus, Sees no Other Way but to Retaliate – Trade Chief

The statement comes in response to the imposition of tariffs by the United States on a record $7.5 billion worth of EU goods, after the WTO ruled that EU nations gave illegal state aid to Airbus.

Save
Iran, Russia Turn to Trade in National Currencies to Ditch Dollar

Last week, the Trump administration imposed new economic sanctions against Iran, targeting its central bank and its sovereign wealth fund. The head of Iran’s Central Bank Abdolnaser Hemmati said Wednesday that Iran and Russia have turned to bilateral trade in national currencies as both countries fall under US sanctions.

Save
Chinese Negotiators Cancel Earlier Planned Trip to US Farms, Leaving Washington Early

Chinese trade negotiators suddenly changed their plans on Friday, cancelling a visit to meet US farmers after they wrapped up trade talks in Washington this week. The Chinese delegation has changed its travel schedule heading back to China earlier than planned, according to Nicole Rolf, the Montana Farm Bureau Federation’s director of national affairs.

Save
Facebook’s latest data breach feeds a list of HUNDREDS OF MILLIONS of its privacy abuse victims

Mark Zuckerberg’s mission to rehabilitate Facebook’s image is not going well. Since announcing a revamped “privacy-focused vision” for the company just months ago, it has faced multiple new and major security breaches.

Save
Brace for higher prices: New round of US-China tariffs comes into force

The trade war between the world’s two largest economies entered a new phase on Sunday, as US tariffs targeting Chinese-made products and Beijing’s retaliatory hikes on American imports both kick in.

Save
All Fair in Trade War? White House Aides Claim Trump Faked Phone Call with China – Report

It is alleged that the phone call, in which Chinese officials invited their US counterparts to resume trade talks, didn’t happen the way Donald Trump described it did. The POTUS has yet to comment on the speculation.

Save
Security Flaw Let Hackers Snoop on iPhone Users and Steal Their Data for Years, Google Reveals

There is no word on how many iPhones could have been impacted by the recently-discovered exploit, but they could number in the thousands in a worst-case scenario. Project Zero, a group of Google security analysts detecting and exploring zero-day vulnerabilities in popular software products, has reported a long-time hack in iPhones that helped crooks steal […]

Save
Russian telecom giant & China’s Huawei launch 5G zones in Russian cities

Russian mobile operator MTS has teamed up with Chinese tech giant Huawei for a 5G pilot scheme in Moscow and Kronshtadt, where for the first time the super-fast network will cover almost the entire city. The agreement between the two parties was signed during Chinese President Xi Jinping’s visit to Russia in June, when he […]

Save
Russian company taking Boeing to court in first lawsuit over 737 MAX planes

A Russian aircraft leasing company has filed a lawsuit in Chicago against Boeing to cancel its purchase of the grounded 737 MAX planes in the first court case of its kind after two deadly air crashes involving the planes.

Save