Business

Apple & Samsung To Profit As U.S. Ban Cripples Huawei

The group also said it would phase out the use of Huawei equipment in the most sensitive "core" elements of its network infrastructure. Now, chip designer ...


Pelosi Cites 'Examples of Progress' in Trump Accountability After Briefing

President Donald Trump ripped into the Democratic party on May 23, claiming they've "become known as THE DO NOTHING PARTY!" House Speaker Nancy Pelosi (...


China stokes trade war by cutting corporate taxes on tech companies

Long considered the ballast in a relationship fraught with geopolitical frictions, the US business community in China in recent years has advocated a harder lin...


Huawei is a victim of U.S. bullying, future remains unclear

Even ARM China, a China-based company created for ARM to develop and sell products in the region, had to cease trade with Huawei as ARM Holdings owns a 49% st...


Chip designer ARM halts work with Huawei after US ban

But ARM said its products rely on tech from the US, so it has to abide by its regulations. Arm's staff were also told they were not permitted to "engage in te...


US delays Huawei ban for 90 days

The Trump administration insists the sanctions are unrelated to its escalating trade war with China , and many analysts see it as aimed at pressuring USA allie...


Exit polls have been inaccurate in past elections, betting on them risky

BJP national vice president Baijayant Jay Panda said the exit polls survey clearly indicated that Narendra Modi will once again become the Prime Minister and...


Ford cutting 7,000 white-collar jobs in a series of restructuring moves

Some 1 500 USA employees have already accepted voluntary buyouts, bringing the total number of salaried job cuts in Ford's home market to 2 300. The Ford logo...


Mobile & Sprint Reportedly Reach Deal With US Regulators to Merge

Pai said T-Mobile US Inc. and Sprint Corp. would suffer "serious consequences" if they don't meet their FCC commitments, including the possibility of having...


China Supports Huawei's Legal Action After Google Complies With US Ban

Reuters reported that even though there has been some suspension, current Huawei smartphone users with Google apps will be able to use and download app updates...


Oil Prices Rise After Drone Attack Of Pumping Station In Saudi Arabia

Khalid al-Falih said on Tuesday that two oil pumping stations for the East-West pipeline had been hit in what he called "an act of terrorism" that targeted gl...


Trump order clears way for barring Huawei from U.S. telecommunications networks

Huawei is the biggest global maker of switching equipment for phone and internet companies, but it has also spent a decade fighting accusations that it facilita...


Wall St shudders as trade war intensifies

The Dow and S&P 500 suffered their worst days since early January, and the Nasdaq Composite had its biggest single-day loss of the year. Stocks doing busi...


US Supreme Court Give Go Signal For Apple Antritrust Case To Proceed

Essentially, the Apple v Pepper case argues that Apple's 30% commission cut from developers in the App Store is unfair, and results in inflated prices for i...


Jury orders Monsanto to pay $2bn to couple in Roundup cancer case

A jury in Oakland ruled Monday that Monsanto , now owned by the German pharmaceutical corporation Bayer , was liable for the non-Hodgkin's lymphoma (NHL) canc...


China to impose tariffs on U.S. goods despite Trump warning

That followed Trump's increase on Friday of duties on $200bn of Chinese imports from 10 percent to 25 percent after alleging that China backtracked on commitmen...


Zarif: Suspicious Acts of Sabotage Escalating Regional Tensions

The recent attacks are acts of "terrorism and sabotage" that target not only Saudi Arabia but also "the security of world oil supplies and the global economy"...


Zuckerberg rejects call to break up Facebook

In an interview with French broadcaster France 2 , Zuckerberg dismissed the claim made by Chris Hughes that it is time to break up Facebook. What tha...


Trump aide Kudlow acknowledges USA consumers pay for tariffs, not China

Trump to essentially conduct foreign policy on a whim via Twitter , without working together with allies to counteract China. "I assume this goes fairly high...


Trump ratchets up tariff threat after talks show no progress

US President Donald Trump's increased tariffs on $200 billion (€178 billion) of Chinese goods entering the United States took effect on Friday. Economic a...