newszine

Worries of longer, costlier U.S.-China trade war hits markets

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WASHINGTON/BEIJING (Reuters) – Worries that the United States and China were digging in for a longer, costlier trade war weighed on financial markets on Monday as Beijing accused Washington of harboring “extravagant expectations” for a deal to end their dispute. Investors added up the costs of higher tariffs on Chinese and U.S. goods as well Read More

Changing the world, one supplier at a time

7 hours ago DieselGasoil Comments Off on Changing the world, one supplier at a time
5/20/2019 Photo: Blue Bull Energy President & Founder, Blue Bell Energy. LONDON — The oil & gas industry can be proud of the opportunities it creates in developing countries. The problem is that local suppliers are often overwhelmed by the complex array of international and national standards relating to the industry across everything from Health Read More

Saudi Arabia ready to confront Iran with ‘all strength & determination’

2 days ago DieselGasoil Comments Off on Saudi Arabia ready to confront Iran with ‘all strength & determination’
Riyadh will confront Tehran with “all strength and determination,” if need be, the Kingdom’s FM has warned after Crown Prince received a call from Washington in which the sides discussed ways to ensure regional “security.” Tehran seeks to destabilize the entire region, Minister of State for Foreign Affairs Adel al-Jubeir proclaimed at a news conference, demonizing Read More

North Korea calls for urgent UN measures in response to seizure of cargo ship by ‘gangster’ US

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Pyongyang has urged the UN to act after North Korea’s bulk carrier, the Wise Honest, was captured by US forces. It was seized a year after being detained in Indonesia. Pyongyang’s UN representative Kim Song has sent a letter on Friday to Secretary-General Antonio Guterres asking for immediate action to be taken to return the Read More

Trump declares national emergency over IT threats

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President Donald Trump has declared a national emergency to protect US computer networks from “foreign adversaries”. He signed an executive order which effectively bars US companies from using foreign telecoms believed to pose national security risks. The order does not name any company, but is believed to target Huawei. The Chinese tech giant said restricting Read More

Macron takes aim at U.S. in push for fairer tech industry

4 days ago DieselGasoil Comments Off on Macron takes aim at U.S. in push for fairer tech industry
French President Emmanuel Macron gestures as he delivers a speech at the VivaTech startups and innovation fair, in Paris, France May 16, 2019. Michel Euler/Pool via REUTERS PARIS (Reuters) – President Emmanuel Macron on Thursday took a swipe at the freewheeling U.S. business model, saying the private sector had too much influence on U.S. policy Read More

Fed needs to let inflation rise above 2%, Kashkari says

4 days ago DieselGasoil Comments Off on Fed needs to let inflation rise above 2%, Kashkari says
SANTA BARBARA, Calif. (Reuters) – Low U.S. inflation expectations are sapping the Federal Reserve’s ability to respond to a future downturn, Minneapolis Fed President Neel Kashkari said Thursday, calling for the Fed to allow inflation to rise above 2% to bring the economy back to full strength. President of the Federal Reserve Bank on Minneapolis Read More

U.S. Democratic hopeful Inslee unveils second climate change plan

4 days ago DieselGasoil Comments Off on U.S. Democratic hopeful Inslee unveils second climate change plan
WASHINGTON (Reuters) – Washington Governor Jay Inslee, a 2020 Democratic presidential contender whose campaign is focused on climate change, unveiled a plan to invest $9 trillion in 10 years in modern manufacturing and green infrastructure to “revitalize America’s economy for the 21st century.” FILE PHOTO: U.S. 2020 Democratic presidential candidate and Governor Jay Inslee participates Read More

China opposes U.S. move to blacklist telecom giant Huawei

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BEIJING (Reuters) – China on Thursday slammed a decision by the U.S. government to put telecom giant Huawei on a blacklist and said it will take steps to protect its companies, in a further test of ties as the superpowers clash over trade. China strongly opposes other countries imposing unilateral sanctions on Chinese entities, a Read More