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China urges US to abandon ‘long arm jurisdiction’, show restraint on Iran & trade war issues

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Beijing has warned the US against taking the ongoing trade war “too far,” and once again criticized Washington’s unilateralist diplomacy, calling upon it to show “restraint” in the escalating standoff with Tehran. The remarks have been made by the country’s top diplomat, Wang Yi, during phone talks with the US Secretary of State Mike Pompeo, Read More

Huawei founder says growth ‘may slow, but only slightly’ after U.S. restrictions

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(Reuters) – 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. FILE PHOTO: The logo of Huawei is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. Read More

China’s top diplomat calls for U.S. restraint on trade, Iran

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Chinese Foreign Minister Wang Yi (R) meets Iranian Foreign Minister Mohammad Javad Zarif (not pictured) at Diaoyutai State Guesthouse in Beijing, China, May 17, 2019. REUTERS/Thomas Peter/Pool SHANGHAI (Reuters) – China’s senior diplomat Wang Yi told U.S. Secretary of State Mike Pompeo that recent U.S. words and actions had harmed the interests of China and Read More

China’s water quality improvements ‘imbalanced’ in first quarter: Xinhua

19 hours ago DieselGasoil Comments Off on China’s water quality improvements ‘imbalanced’ in first quarter: Xinhua
FILE PHOTO: Fishermen travel down the Yellow River to cast their net on the northern outskirts of Zhengzhou, Henan province, China, February 21, 2019. REUTERS/Thomas Peter/File Photo SHANGHAI (Reuters) – Pollution increased in some of China’s major lakes, rivers and reservoirs in the first quarter even though the country’s overall water quality improved, the official Read More

Cheap ‘shots’ & attacks at light speed: Why laser weaponry is a trend for 21st century

22 hours ago DieselGasoil Comments Off on Cheap ‘shots’ & attacks at light speed: Why laser weaponry is a trend for 21st century
Lasers are commonly seen as a ‘weapon of the future’ – and that future is already here as they are making it into the military. Laser systems have unique properties, opening new ways of waging warfare, RT’s military analyst says. Laser weaponry “will largely define” the combat potential of the Russian armed forces “throughout the Read More

Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers

1 day ago DieselGasoil Comments Off on Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers
(Reuters) – The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have made it nearly impossible for the Chinese company to service its existing customers. FILE PHOTO: A woman looks at her phone as she walks past a Huawei shop in Beijing, China Read More

US mulls ‘temporary reprieve’ of Huawei ban

1 day ago DieselGasoil Comments Off on US mulls ‘temporary reprieve’ of Huawei ban
Restrictions on Huawei Technologies may temporarily be scaled back, the US Commerce Department noted on Friday after blacklisting the Chinese tech giant under President Donald Trump’s ‘national emergency’ declaration. The department might issue a temporary general license for 90 days to give companies using Huawei’s equipment enough time to maintain their communications network while switching Read More

Exclusive: U.S. says it may scale back some Huawei trade restrictions

1 day ago DieselGasoil Comments Off on Exclusive: U.S. says it may scale back some Huawei trade restrictions
A Huawei logo is seen at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee (Reuters) – The U.S. Commerce Department may soon scale back restrictions on Huawei Technologies after this week’s blacklisting made it nearly impossible for the Chinese company to purchase goods made in the United States, Read More

Wall St. falls as trade anxieties spike

1 day ago DieselGasoil Comments Off on Wall St. falls as trade anxieties spike
NEW YORK (Reuters) – Wall Street ended lower on Friday as continuing trade tensions pulled industrial and tech shares down, and the Dow capped a fourth straight week of losses in its longest weekly losing streak in three years. While all three major U.S. indexes struggled for direction for much of the session, they turned Read More

China’s tough rhetoric leaves trade talks with U.S. in limbo

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WASHINGTON/BEIJING (Reuters) – China struck a more aggressive tone in its trade war with the United States on Friday, suggesting a resumption of talks between the world’s two largest economies would be meaningless unless Washington changed course. The tough talk capped a week that saw Beijing unveil fresh retaliatory tariffs, U.S. officials accuse China of Read More