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Business & Economy
Huawei Says US Ban Hurting More Than Expected, to Wipe $30 Billion Off Revenue
HONG KONG—China's Huawei Technologies has taken a harder-than-expected hit from a U.S. ban, the company's founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. Ren's downbeat ...
June 17, 2019
BY
Reuters
Commerce’s Ross: EU Trade Talks Far More Complex Than China Negotiations
WASHINGTON—It has been almost a year since the United States and the European Union (EU) reached an agreement ...
June 16, 2019
BY
Emel Akan
Make ‘Rules of Ranging’ Your Rules for Business: Part 1
In 1757, in the middle of the French and Indian War, Major Robert Rogers composed a list of ...
June 16, 2019
BY
Chris Erickson
Trump ‘Is 100 Percent Correct’: Cambria CEO Says Tariffs Are Good for Business
The chief executive of a Minnesota quartz producer is hailing President Donald Trump's tariff policy as a lifeline ...
June 14, 2019
BY
Tom Ozimek
Huawei Cancels Release of New Laptop After US Tech-Ban
Chinese tech-giant Huawei has backed out of releasing its newest laptop after losing its footing in the United ...
June 14, 2019
BY
Daniel Holl
Huawei Files to Trademark Mobile OS Around the World as US Ban Threatens Its Business
LIMA/SHANGHAI—China's Huawei has applied to trademark its "Hongmeng" operating system (OS) in at least nine countries and Europe, ...
June 13, 2019
BY
Reuters
Oil Prices Surge After Suspected Tanker Attack Near Iran
Oil prices jumped as much as 4% on Thursday after a suspected attack on two tankers in the ...
June 13, 2019
BY
Reuters
Passenger Sues Cruise Ship Operator After Falling on Deck
A Florida gaming and entertainment company is being sued after a cruise ship passenger from Texas suffered a fall ...
June 13, 2019
BY
Richard Szabo
American Airlines CEO Says ‘Highly Likely’ Boeing 737 MAX Will Fly by September
CHICAGO—The grounded Boeing Co 737 MAX is "highly likely" to be flying by mid-August, American Airlines Group Inc ...
June 12, 2019
BY
Reuters
Historical Protectionist Mentality Hurts Canada’s Competitiveness Globally
Recent analyses of Canada’s competitiveness show a worsening trend. Compounding the predicament is the lack of domestic competition.
June 12, 2019
BY
Rahul Vaidyanath
Global Tech Companies Shun Huawei After US Ban
Global technology companies are cutting ties with China's Huawei Technologies after the U.S. government put the world's largest ...
June 12, 2019
BY
Reuters
Ford Recalls 1.2 Million Explorer SUVs for Potential Steering Problem
Ford Motor Co said on Wednesday it is recalling 1.2 million Explorer sport utility vehicles in the United ...
June 12, 2019
BY
Reuters
Huawei’s Former CEO Worked for China’s Spy Agency, Current Exec Admits
A senior official from Chinese telecom giant Huawei recently admitted to having links to the top Chinese espionage ...
June 11, 2019
BY
Eva Fu
Opioid Maker Agrees to Pay $225 Million to Settle Federal Probes
WASHINGTON—An opioid manufacturer has agreed to pay $225 million to resolve federal investigations into allegations that it paid ...
June 11, 2019
BY
Fox News
Crocs to Cut Chinese Production for US Market
Crocs Inc will aim to cut the volume of its shoes and accessories produced in China for the ...
June 11, 2019
BY
Reuters
Foxconn Has Enough Capacity Outside China to Meet Apple’s US Demand
TAIPEI–Foxconn, the world's top contract electronics assembler, said it had enough capacity outside China to meet Apple's demand ...
June 11, 2019
BY
Reuters
Top Japanese Chip Gear Firm to Honor US Blacklist of Chinese Firms
TOKYO—Japan's Tokyo Electron, the world's No.3 supplier of semiconductor manufacturing equipment, will not supply to Chinese clients blacklisted ...
June 11, 2019
BY
Reuters
Bolstered by Economic Growth and Tax Reform, US Leads World in Foreign Direct Investment
WASHINGTON—The United States has received the lion's share of foreign investments worldwide, and the nation's continued economic growth, ...
June 10, 2019
BY
Emel Akan
Judge Denies Google’s Attempts to Stop Suit Alleging Political Bias
A judge in the anti-discrimination case of former Google engineer James Damore denied the company's attempts to have ...
June 10, 2019
BY
Petr Svab
Major Firearms Distributor Files Bankruptcy as Sales Fall
United Sporting Cos (USC), a large firearms distributor whose roots date to the Great Depression, filed for bankruptcy ...
June 10, 2019
BY
Reuters
Some Big Tech Firms Cut Employees’ Access to Huawei
NEWPORT BEACH, Calif./NEW YORK—Some of the world's biggest tech companies have told their employees to stop talking about ...
June 10, 2019
BY
Reuters
Facebook Stops Huawei From Pre-installing Apps on Phones
LONDON–Facebook said on June 7 it has stopped letting its apps come pre-installed on smartphones sold by Huawei ...
June 7, 2019
BY
The Associated Press
US Weekly Jobless Claims Unchanged, Point to Labor Market Strength
The number of Americans filing applications for unemployment benefits was unchanged last week, suggesting the labor market remains ...
June 7, 2019
BY
Reuters
Trade War to Put Brake on World’s Economic Growth, IMF Chief Warns
WASHINGTON—The current U.S.–China trade dispute could shave 0.5 percent off the global economy, International Monetary Fund (IMF) chief ...
June 6, 2019
BY
Emel Akan
US Stocks Rise as Fed Hints at Rate Cut, Despite Additional China Tariffs Threat
U.S. stocks rose in June 6 trading after reports of a narrowing in the United States' trade deficit ...
June 6, 2019
BY
Petr Svab
Ford to Close Engine Plant in Wales in Latest Blow to UK Car Sector
Ford said it would close its plant in Bridgend, south Wales next year because of falling demand for ...
June 6, 2019
BY
Reuters
Fiat Chrysler Withdraws Merger Offer for Renault
France was battling to defend its business strategy after being blamed for scuppering a $35 billion-plus merger between ...
June 6, 2019
BY
Reuters
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