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Exclusive: Canada set to postpone Huawei 5G decision to after vote, given sour ties with China – sources

8 hours ago DieselGasoil Comments Off on Exclusive: Canada set to postpone Huawei 5G decision to after vote, given sour ties with China – sources
OTTAWA (Reuters) – Canada is likely to postpone a decision on whether to allow China’s Huawei Technologies Co Ltd to supply 5G network equipment until after the October federal election, given increasingly strained relations with Beijing, say three well-placed sources. FILE PHOTO: A Huawei signage is pictured at their store at Vina del Mar, Chile Read More

Trump sees slowing Chinese growth pressuring Beijing on trade

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WASHINGTON (Reuters) – U.S. President Donald Trump on Monday seized on slowing economic growth in China as evidence that U.S. tariffs were having “a major effect” and warned that Washington could pile on more pressure as bilateral trade talks sputtered along. U.S. President Donald Trump after arriving from a fund-raising event before departing for Washington Read More

May calls Trump ‘go back’ tweet ‘completely unacceptable’

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Theresa May has called comments by Donald Trump about oppositon congresswomen from black and minority ethnic (BAME) backgrounds “completely unacceptable”. The US president was criticised over a series of tweets in which he said female politicians in the Democratic Party should “go back and help fix” their “broken and crime infested countries”. In a follow-up Read More

China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen

1 day ago DieselGasoil Comments Off on China second quarter GDP growth slows to 27-year low as trade war bites, more stimulus seen
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China Read More

‘Go back’ tweet row: Trump hits back after accusations of racism

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Donald Trump has hit back after being accused of making “racist and disgusting” remarks about Democratic congresswomen from black and minority ethnic (BAME) backgrounds. The US president wrote on Twitter: “So sad to see the Democrats sticking up for people who speak so badly of our country and who, in addition, hate Israel with a Read More

China June industrial output up 6.3% year-on-year, beats forecasts, retail sales up 9.8%

1 day ago DieselGasoil Comments Off on China June industrial output up 6.3% year-on-year, beats forecasts, retail sales up 9.8%
FILE PHOTO: A labourer works at the Maanshan steel and iron factory in Hefei, Anhui province, March 9, 2010. REUTERS/Stringer/File Photo BEIJING (Reuters) – China’s industrial output grew 6.3% in June from a year earlier, official data showed on Monday, picking up from May’s 17-year low and handily beating market expectations. Analysts polled by Reuters Read More

China second quarter GDP growth slows to 27-year low, more stimulus expected

1 day ago DieselGasoil Comments Off on China second quarter GDP growth slows to 27-year low, more stimulus expected
BEIJING (Reuters) – China’s economic growth slowed to 6.2% in the second quarter, its weakest pace in at least 27 years, as demand at home and abroad faltered in the face of mounting U.S. trade pressure. FILE PHOTO: Workers are seen at a production line manufacturing tyres at a factory in Nantong, Jiangsu province, China Read More

Trump tells congresswomen to ‘go back’ to their ‘original’ countries

1 day ago DieselGasoil Comments Off on Trump tells congresswomen to ‘go back’ to their ‘original’ countries
Donald Trump has been criticised over “racist and disgusting” remarks he made about Democratic congresswomen from black and minority ethnic (BAME) backgrounds. Mr Trump appeared to refer to Alexandria Ocasio-Cortez and her allies in what has become known as “the squad”. The other representatives are Ilhan Omar of Minnesota, Ayanna Pressley of Massachusetts and Rashida Read More

U.S. underlying inflation stirring; labor market tightening

5 days ago DieselGasoil Comments Off on U.S. underlying inflation stirring; labor market tightening
WASHINGTON (Reuters) – U.S. underlying consumer prices increased by the most in nearly 1-1/2 years in June amid solid gains in a range of goods and services, but that did not change expectations the Federal Reserve would cut interest rates this month. FILE PHOTO: People shop at an H&M store during the grand opening of Read More