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: 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

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

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

WhatsApp security breach may have targeted human rights groups

WhatsApp said on Tuesday that a security breach on its messaging app had signs of coming from a government using surveillance technology developed by a private company, and it may have targeted human rights groups. Press Release Distribution Service

China’s retail sales growth falls to 16-year low as trade war risks rise

China on Wednesday reported surprisingly weaker growth in retail sales and industrial output for April, adding pressure on Beijing to roll out more stimulus as the trade war with the United States escalates. Press Release Distribution Service

U.S. faces hurdles in push to build electric vehicle supply chain

The United States faces stiff challenges as it moves to create its own electric vehicle supply chain, industry analysts say, with the extent of the country’s metal reserves largely unknown and only a few facilities to process minerals and produce batteries. Press Release Distribution Service

VW shares up 2.7% in early trade on truck listing plans

Volkswagen shares were up 2.7% in early trade on Tuesday after the multi-brand carmaking group said it would press ahead with a listing of its trucks unit Traton in what could be Germany’s biggest share offering this year. Press Release Distribution Service

EU trade chief sees possible extension to May 18 deadline for U.S. car tariffs: newspaper

European Trade Commissioner Cecilia Malmstroem expects U.S. President Donald Trump to delay a May 18 deadline for U.S. tariffs on cars imported from the European union, according to an interview published in the Sueddeutsche newspaper on Monday. Press Release Distribution Service

Foxconn poised to nominate chip boss as Taiwan group’s next chair: sources

iPhone assembler Foxconn is poised to nominate its chip unit head as group chairman to succeed Taiwan presidential hopeful Terry Gou, in what is internally seen as a surprise move, two people with direct knowledge of the matter said. Press Release Distribution Service

U.S. bargaining power won’t improve if China trade war intensifies: Global Times editorial

China’s nationalist Global Times tabloid said in an editorial on Sunday that the United States would not have more bargaining chips at the negotiation table with China once the trade war intensifies. Press Release Distribution Service

China still ‘cautiously optimistic’ on U.S. trade talks despite new tariffs

China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said as U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Press Release Distribution Service

China, U.S. to hold more trade talks as Trump ratchets up tariff threat

China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said, as U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China. Press Release Distribution Service

U.S. says Huawei lawyer’s prior work at Justice Department poses conflicts

Huawei Technologies Co Ltd lawyer James Cole’s prior work at the U.S. Department of Justice created conflicts of interest that should disqualify him from defending the Chinese company in a case of alleged bank fraud and sanctions violations, U.S. prosecutors said in a filing on Friday. Press Release Distribution Service

U.S. hikes tariffs on Chinese goods, China says to strike back

U.S. President Donald Trump’s tariff increase to 25% on $200 billion worth of Chinese goods took effect on Friday, and Beijing said it would strike back, ratcheting up tensions as the two sides pursue last-ditch talks to try salvaging a trade deal. Press Release Distribution Service

Occidental chief faces shareholders on cusp of takeover victory

Occidental Petroleum Chief Executive Vicki Hollub takes her case for buying Anadarko Petroleum to the company’s shareholders on Friday, bolstered by rapid deal-making that put her on the cusp of victory. Press Release Distribution Service

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