OF THE various things Britain’s government has got wrong in its Brexit negotiating strategy, perhaps the most enduring is the belief that it could drive a wedge into the ranks of the remaining 27 members of the European Union. A favourite early mantra of Brexiteer MPs was that German carmakers would pressure Angela Merkel to…
Will a trade war crush the Chinese economy? Unlikely, said a panel of experts speaking at the Fortune Global Forum in Toronto on Monday. “The US-China conflict—it’s not a positive, it’s not something that is going to help growth [in China] but neither is it going to necessarily impact the overall macro economy,” said Jonathan…
Payment card skimming that steals consumers’ personal information from e-commerce sites has become a booming industry over the past six months, with high-profile attacks against Ticketmaster, British Airways, Newegg, and Alex Jones’ InfoWars, to name just a few. In a sign of the times, security researcher Jérôme Segura found two competing groups going head to head…
SHANGHAI/BEIJING (Reuters) - Trade frictions with the United States and accusations of industrial espionage are set to cast a cloud over China’s largest aerospace meeting this week, as suppliers consider what the country’s slowing economy could mean for booming jet demand. J-20 stealth fighters of Chinese People's Liberation Army Air Force (PLAAF) are seen during…
Apple biggest iPhone assembly partner is expecting a rough year in 2019. Foxconn Technology Group issued an internal company memo, saying that it plans to cut 20 billion yuan ($2.9 billion) from its expenses in 2019, Bloomberg is reporting. The memo says Foxconn’s decision is the result of company forecasts predicting “a very difficult and…
Enlarge / A general view of Laguna Colorada located near the border with Chile, in the Uyuni salt flats, Bolivia. The Uyuni salt flats are estimated to contain 100 million tons of lithium, making it one of the largest global reserves of this mineral, according to state officials at the Bolivian Mining Corporation. MARTIN BERNETTI/AFP/Getty…
A trade war with China carries “dangerous” long-term risks because companies and nations may pull back from doing business with the U.S., former Treasury Secretary Henry Paulson said. “The question really is: Is China going to start looking for new markets for which they’re going to buy soybeans?” Paulson said Thursday in an interview with…
WASHINGTON (Reuters) - The U.S. Justice Department on Thursday unveiled an indictment against two companies based in China and Taiwan and three individuals, saying they conspired to steal trade secrets from U.S. semiconductor company Micron Technology Inc relating to its research and development of memory storage devices. The charges against Taiwan-based United Microelectronics Corp, China…
LONDON (Reuters) - A deal that would give London’s vast financial services hub basic access to European Union markets after Brexit is nearly done, a British official said. Canary Wharf skyline and the City of London can be seen from the Sea Containers building in London, Britain, October 11, 2018. REUTERS/Henry Nicholls Such a deal…
(Reuters) - U.S. stocks fell on Monday as an increase in tensions between Western powers and Saudi Arabia added to worries over rising borrowing costs and the impact of tariffs, following the main three indexes’ biggest weekly declines in over seven months. Traders work on the floor of the New York Stock Exchange (NYSE) in…
