President Donald Trump said on Thursday U.S. complaints against Huawei Technologies Co Ltd might be resolved within the framework of a U.S.-China trade deal, while at the same time calling the Chinese telecommunications giant “very dangerous.” Press Release Distribution Service
China denounces Pompeo’s comments on Huawei
China’s Foreign Ministry on Friday denounced comments by U.S. Secretary of State Mike Pompeo, who said the chief executive of China’s Huawei Technologies was lying about his company’s ties to the Beijing government. Press Release Distribution Service
Deutsche Bank investors meet amid questions on strategy, leadership
Investors in Deutsche Bank are gathering on Thursday for an annual meeting that is expected to be dominated by questions over the bank’s strategy and leadership just days after shares hit a record low. Press Release Distribution Service
Rihanna launches new fashion brand in Paris with LVMH
Barbadian singer Rihanna has unveiled her new fashion brand with Louis Vuitton owner LVMH, a rare move by the French group to set up a label from scratch as it taps into soaring demand for celebrity collaborations in the luxury world. Press Release Distribution Service
Fed may cut rates if inflation keeps disappointing: Bullard
Further weakness in inflation could prompt the U.S. Federal Reserve to cut interest rates, even if economic growth maintains its momentum, James Bullard, President of the Federal Reserve Bank of St. Louis, said on Wednesday. Press Release Distribution Service
U.S. could blacklist Chinese surveillance tech firm Hikvision: NYT
The U.S. administration is considering limits to Chinese video surveillance firm Hikvision’s ability to buy U.S. technology, the New York Times reported on Tuesday, in a move that deepens worries about trade frictions between the world’s two top economies. Press Release Distribution Service
Exclusive: A delicate balance – Toyota took care to make offering to U.S. before China deals
Toyota Motor Corp last month announced two deals in China that were small in size but large in strategic planning. Press Release Distribution Service
U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm
The U.S. government has temporarily eased trade restrictions imposed last week on China’s Huawei, a move aimed at minimizing disruption for its customers but dismissed by its founder who said the tech firm had prepared for U.S. action. Press Release Distribution Service
Asian shares near four-month lows on Huawei fallout fears
Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House’s black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between Washington and Beijing. Press Release Distribution Service
U.S. eases restrictions on China’s Huawei to keep networks, phones operating
The U.S. government on Monday temporarily eased some trade restrictions imposed last week on China’s Huawei, a move that sought to minimize disruption for the telecom company’s customers around the world. Press Release Distribution Service
China’s tech transfer problem is growing, EU business group says
Cases of European firms forced to transfer technology in China are increasing despite Beijing saying the problem does not exist, a European business lobby said, adding that its outlook on the country’s regulatory environment is “bleak”. Press Release Distribution Service
Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes
Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday. Press Release Distribution Service
Saudi Arabia says oil producers want to reduce inventories
Saudi Energy Minister Khalid al-Falih said on Sunday there was consensus among OPEC and allied oil producers to drive down crude inventories “gently” but his country would remain responsive to the needs of what he called a fragile market. Press Release Distribution Service
Exclusive: Google suspends some business with Huawei after Trump blacklist – source
Alphabet Inc’s Google has suspended business with Huawei that requires the transfer of hardware and software products except those covered by open source licenses, a source close to the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world. Press Release…
Huawei founder says growth ‘may slow, but only slightly’ after U.S. restrictions
Huawei Technologies’ founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant “may slow, but only slightly” due to recent U.S. restrictions. Press Release Distribution Service
Canada vows ‘full steam ahead’ on ratifying trade pact after U.S. lifts metals tariffs
Canada will move quickly to ratify the new North American trade pact, Foreign Minister Chrystia Freeland said on Saturday, a day after the United States agreed to lift tariffs on Canadian steel and aluminum. Press Release Distribution Service
Exclusive: Saudi’s Falih says oil stocks still building, but OPEC to act if needed
Saudi Arabia’s Energy Minister Khalid al-Falih said on Saturday that OPEC will be responsive to the oil market’s needs, but that he was not sure there is an oil shortage with data, particularly from the United States, still showing inventories building. Press Release Distribution Service
Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers
(Corrects title in 17th paragraph of this May 17 story to say “Chief Financial Officer” Meng Wanzhou, not “Chief Executive Officer”.) Press Release Distribution Service
Bitcoin sinks abruptly after seven weeks of recovery
The price of bitcoin abruptly sank more than 20% on Friday, a move that didn’t appear to have a particular trigger and came after a strong recovery in the crypto-currency since early April that took it to 10-month highs. Press Release Distribution Service
Boeing completes 737 MAX software update, working on pilot training plan
Boeing Co said on Thursday it had completed a software update for its 737 MAX jets, which have been grounded worldwide since March after they were involved in two fatal crashes. Press Release Distribution Service
Oil edges up for third session on Mideast tensions
Oil prices pushed higher on Thursday for a third day in a row, as fears of supply disruptions amid heightened tensions in the Middle East overshadowed an unexpected rise in U.S. inventories. Press Release Distribution Service
Opting out: Some of China’s ‘996’ tech tribe quit, seek less stress
For over six years Qi Yaqian was a proud member of China’s so-called 996 tech tribe, working nights and weekends at Nuomi, a group deals website. Press Release Distribution Service
