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Lawyers for Huawei CFO urge Canada to withdraw extradition proceedings

2 hours ago DieselGasoil Comments Off on Lawyers for Huawei CFO urge Canada to withdraw extradition proceedings
(Reuters) – Lawyers for Huawei’s chief financial officer urged Canada’s justice minister on Monday to withdraw extradition proceedings against Meng Wanzhou, who has been detained in Vancouver since December on U.S. fraud charges. FILE PHOTO: Huawei’s Financial Chief Meng Wanzhou leaves her family home in Vancouver, British Columbia, Canada, May 8, 2019. REUTERS/Lindsey Wasson/File Photo Read More

Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions

5 hours ago DieselGasoil Comments Off on Trump threatens to lessen US security role in Strait of Hormuz, unveils sanctions
Highlights In tweet, Trump signals change to 40-year-old maritime security doctrine Analyst sees move as a negotiating tactic amid heightened US-Iran tensions US unveils new sanctions on Iranian leaders following attacks on drone, tankers Washington — Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now President Donald Trump signaled Monday Read More

U.S. waives tariffs on Japanese aluminum for Tesla battery cells

7 hours ago DieselGasoil Comments Off on U.S. waives tariffs on Japanese aluminum for Tesla battery cells
FILE PHOTO: A driver recharges the battery of his Tesla car at a Tesla Super Charging station in a petrol station on the highway in Sailly-Flibeaucourt, France, January 12, 2019. REUTERS/Pascal Rossignol WASHINGTON (Reuters) – The U.S. Commerce Department has agreed to Tesla Inc’s request to waive 10 percent tariffs on imported aluminum from Japan Read More

Exclusive: Huawei’s U.S. research arm builds separate identity

8 hours ago DieselGasoil Comments Off on Exclusive: Huawei’s U.S. research arm builds separate identity
(Reuters) – The U.S.-based research arm of China’s Huawei Technologies Co Ltd – Futurewei Technologies Inc – has moved to separate its operations from its corporate parent since the U.S government in May put Huawei on a trade blacklist, according to two people familiar with the matter. FILE PHOTO: A Huawei company logo at the Read More

Facebook’s Clegg rejects break-up calls, prefers more regulation

10 hours ago DieselGasoil Comments Off on Facebook’s Clegg rejects break-up calls, prefers more regulation
BERLIN (Reuters) – Facebook dismissed calls for a break-up of the world’s biggest social network and other big internet companies on Monday, saying this would not tackle issues such as privacy, attempts to influence elections or harmful content. FILE PHOTO: Logo of Facebook is seen at the high profile startups and high tech leaders gathering, Read More

Supreme Court invalidates law banning foul language trademarks

10 hours ago DieselGasoil Comments Off on Supreme Court invalidates law banning foul language trademarks
(Editor’s note: contains language that some readers may find offensive, paragraphs 2, 11, 15.) FILE PHOTO: The U.S. Supreme Court building is pictured in Washington, U.S., March 20, 2019. REUTERS/Leah Millis/File Photo By Andrew Chung WASHINGTON (Reuters) – The Supreme Court on Monday struck down a longstanding U.S. ban on trademarks on “immoral” or “scandalous” Read More

Venezuela’s oil production set for another drop

11 hours ago DieselGasoil Comments Off on Venezuela’s oil production set for another drop
Venezuela’s oil production fell to a new low last month, as economic crisis and sanctions continue to strangle the industry. Venezuela’s output fell by 35,000 bpd in May, plunging to 741,000 bpd for the month, according to OPEC’s secondary sources, the lowest total in about a half century. The problems for Venezuela are not new Read More

Trump warns of more Iran sanctions with fewer targets remaining

13 hours ago DieselGasoil Comments Off on Trump warns of more Iran sanctions with fewer targets remaining
By Saleha Mohsin and Ladane Nasseri on 6/24/2019 WASHINGTON and DUBAI (Bloomberg) — President Donald Trump is threatening Iran with additional sanctions on Monday, but there’s not much left for the U.S. to target because most of the Islamic Republic’s economy has been crippled by earlier penalties. The U.S. is already sanctioning significant sectors including Read More

Water shortage could cut India’s food exports, minister warns

14 hours ago DieselGasoil Comments Off on Water shortage could cut India’s food exports, minister warns
NEW DELHI (Reuters) – A water shortage could cut food exports from India, which has emerged as a leading supplier of a number of food products to the world, the water resources minister warned on Monday. FILE PHOTO: A man walks through the dried-up Puzhal reservoir, on the outskirts in Chennai, India, June 20, 2019. Read More

G20 nerves hit Europe stocks; dollar slips to three-month low

14 hours ago DieselGasoil Comments Off on G20 nerves hit Europe stocks; dollar slips to three-month low
LONDON (Reuters) – European stocks stumbled and the dollar hit three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears of an escalation in Iran tensions flared up. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Read More