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Huawei founder details ‘battle mode’ reform plan to beat U.S. crisis

4 days ago DieselGasoil Comments Off on Huawei founder details ‘battle mode’ reform plan to beat U.S. crisis
HONG KONG (Reuters) – China’s Huawei will spend more on production equipment this year to ensure supply continuity, cut redundant roles and demote inefficient managers as its grapples with a “live-or-die moment” in the wake of U.S. export curbs, founder Ren Zhengfei said. FILE PHOTO: Huawei founder Ren Zhengfei attends a panel discussion at the Read More

‘Learn to joke:’ Italian playboy waves away criticism over ‘sexist’ ass-slapping video

2 weeks ago DieselGasoil Comments Off on ‘Learn to joke:’ Italian playboy waves away criticism over ‘sexist’ ass-slapping video
A celebrity Italian millionaire, musician, and all-round playboy, has dismissed feminist outrage after posting an Instagram video showing him dancing and slapping models on board a yacht. Gianluca Vacchi is the consummate European playboy. A chiseled, tanned, trust-fund millionaire, Vacchi has dabbled in entrepreneurship, but seemingly spends most of his time dancing in his underwear Read More

China vows fight against Trump’s latest tariffs as stocks sink

3 weeks ago DieselGasoil Comments Off on China vows fight against Trump’s latest tariffs as stocks sink
BEIJING/WASHINGTON (Reuters) – China on Friday vowed to fight back against U.S. President Donald Trump’s abrupt decision to slap 10% tariffs on the remaining $300 billion in Chinese imports, a move that ended a month-long trade truce. China’s new ambassador to the United Nations, Zhang Jun, said Beijing would take “necessary countermeasures” to protect its Read More

China warns of retaliation after Trump threatens fresh tariffs

3 weeks ago DieselGasoil Comments Off on China warns of retaliation after Trump threatens fresh tariffs
By Andrea Shalal, Alexandra Alper and Huizhong Wu BEIJING/WASHINGTON (Reuters) – China on Friday said it would not be blackmailed and warned of retaliation after U.S. President Donald Trump vowed to slap a 10% tariff on $300 billion of Chinese imports from next month, sharply escalating a trade row between the world’s biggest economies. Trump Read More

Trump hits China with more tariffs, sharply escalating trade dispute

3 weeks ago DieselGasoil Comments Off on Trump hits China with more tariffs, sharply escalating trade dispute
By Andrea Shalal and Alexandra Alper WASHINGTON (Reuters) – U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. The announcement on Thursday extends Trump’s trade tariffs to nearly all of Read More

Trump hits China with more tariffs, says Xi moving too slowly on trade

3 weeks ago DieselGasoil Comments Off on Trump hits China with more tariffs, says Xi moving too slowly on trade
By Andrea Shalal and Alexandra Alper WASHINGTON (Reuters) – U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply raising the stakes in a bruising trade war with China and jolting global financial markets. The announcement on Thursday extends Trump’s trade tariffs to nearly all Read More

U.S., China meet for trade talks as Trump talks tough

3 weeks ago DieselGasoil Comments Off on U.S., China meet for trade talks as Trump talks tough
SHANGHAI (Reuters) – Top U.S. and Chinese trade officials met in Shanghai on Wednesday for talks in a bid to end a year-long trade war, despite low expectations for progress and combative remarks from U.S. President Donald Trump. Chinese Vice Premier Liu He, at right, looks over as United States Trade Representative Robert Lighthizer, third Read More

Senators to unveil carbon tax bill to generate $2.5 trillion in 10 years

4 weeks ago DieselGasoil Comments Off on Senators to unveil carbon tax bill to generate $2.5 trillion in 10 years
WASHINGTON (Reuters) – Two Democratic U.S. senators will unveil a bill on Thursday to curb climate change by slapping a fee on oil, natural gas and coal and delivering most of the revenues to low- and middle-income Americans, one of the lawmakers said. FILE PHOTO: Wind turbines generate power at the Loraine Windpark Project in Read More

Feature: Saudi Arabia struggles to push GDP growth amid output cuts, weak oil prices

1 month ago DieselGasoil Comments Off on Feature: Saudi Arabia struggles to push GDP growth amid output cuts, weak oil prices
Dubai — Saudi Arabia’s balancing act of extending the OPEC/non-OPEC output cuts into the first quarter of 2020 and maintaining economic growth is being tested by weaker oil prices, with concerns of a potential economic contraction. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The world’s biggest oil exporter Read More