Not clear UK has reached final verdict on Huawei, states US national security adviser May 30, 2019 US President Donald Trump’s national security adviser has said it is not clear the UK has reached a final decision on its policy towards Huawei. “I’m not sure that this decision has reached the prime ministerial level in final form. I mean we are still talking… people are talking back and forth,” John Bolton told [...]
US first quarter growth revised down to 3.1 per cent May 30, 2019 US first quarter economic growth was revised down slightly to an annualised rate of 3.1 per cent, according to the second estimate released today by the country’s Bureau of Economic Analysis (BEA). Read more: Global markets sink into the red as technology front opens up in trade war The annualised growth rate is nonetheless one of [...]
FTSE 100 and US stock markets drop as Chinese trade war concerns weigh on investors May 29, 2019 The FTSE 100 fell 1.2 per cent today amid signs of an escalation in the China-US trade war along with growing concerns over a no-deal Brexit. All 10 blue-chip indices were in the red after China warned Beijing was ready to use its control over rare earths to his back at the US in their [...]
Huawei is an ‘instrument of the Chinese government’, Pompeo warns May 29, 2019 US secretary of state Mike Pompeo has launched a fresh attack on Huawei, accusing the Chinese firm of taking orders from Beijing. “Huawei is an instrument of the Chinese government,” Pompeo told Fox Business Network. “They’re deeply connected. It’s something that’s hard for Americans to understand.” Read more: Softbank names Nokia as 5G supplier in [...]
Oil prices fall two per cent on fears of escalating US-China trade war May 29, 2019 Oil prices fell this morning, losing around two per cent of their value and dipping below the $70 per barrel line as worries over the US-China trade war spooked investors. International standard Brent Crude dropped around two per cent to $68.74 at just before midday after reaching day-lows of $68.47 per cent earlier. Read more: [...]
Special relationship? Poll reveals Brits favour Trump state visit going ahead May 27, 2019 The prospect of Donald Trump visiting the UK next month has elicited shock, disapproval and protest among the general public in recent months. It even looks set to prompt the return of a giant inflatable baby-blimp version of the controversial reality star-cum-leader of the free world. Read more: Trump will not address MPs during June [...]
Huawei founder Ren Zhengfei says China should not retaliate over US trade ban May 27, 2019 Huawei’s founder has slammed US President Donald Trump over new trade restrictions on his firm, but insisted China should not retaliate against the measures. Ren Zhengfei admitted new laws effectively banning US companies from doing business with Huawei would hamper the firm’s growth, but said Beijing was unlikely to retaliate against American rival Apple. Read [...]
‘Escalation scenario’ increasingly likely in US-China trade war, warn Barclays analysts May 24, 2019 An “escalation scenario” is becoming “increasingly likely” in the US-China trade war, analysts at Barclays have warned, as China mulls its options for retaliation against US tariffs. Read more: China warns of trade repercussions after Huawei ban The Barclays note came after tough talk from China on the trade conflict, with President Xi Jinping this week [...]
China warns of trade repercussions after Huawei ban May 23, 2019 Top Chinese officials today ramped up the rhetoric against Western governments amid a raging dispute over Huawei, warning attempts to block trade with the tech giant could backfire. A senior Chinese diplomat warned there could be “substantial” repercussions on the country’s investment in the UK if the government decided to ban Huawei from 5G networks. [...]
Global markets sink into the red as technology front opens up in US-China trade war May 23, 2019 Global stock markets fell into the red today as investors’ fears over the US-China trade war intensified. Read more: FTSE 100 falls sharply amid trade war and Brexit turmoil Stocks were spooked by the prospect of the two countries’ technology sectors being dragged deep into the fray, as well as by fighting talk from the [...]