trade
Boris Johnson looks for an EU ally in Merkel
OSAKA, JAPAN – JUNE 29: Germany’s Chancellor Angela Merkel and France’s President Emmanuel Macron talk with Argentina’s President, Mauricio Macri, during the announcement of a trade agreement between the European Union and Brazil, Argentina, Uruguay and Paraguay on June 29, 2019 in Osaka, Japan. Carl Court | Getty Images News | Getty Images Prime Minister …
US tech firms to influence decision on Huawei license extension: IDC
A Huawei logo is pictured at their store at Vina del Mar, Chile July 18, 2019. Rodrigo Garrido | Reuters U.S. President Donald Trump is set to decide Monday on whether to extend a temporary agreement allowing Huawei to do business in the U.S. — and Washington’s decision will likely be influenced by American tech firms, according to …
Trump doesn’t want to do business with Huawei due to national security
A Huawei logo displayed at a retail store in Beijing. Fred Dufour | AFP | Getty Images President Donald Trump said Sunday he doesn’t want to do business with Chinese tech giant Huawei, after weekend reports that the administration was planning to extend a reprieve that allows it to buy parts from U.S. companies. “I …
‘I don’t see a recession at all’
Larry Kudlow, director of the U.S. National Economic Council, speaks during a Bloomberg Television interview outside the White House in Washington, D.C., U.S., on Friday, Aug. 2, 2019. Andrew Harrer | Bloomberg | Getty Images White House economic advisor Larry Kudlow pushed back Sunday against concerns that the economy was weakening, after the bond market …
Israel’s technology trade deals grow trickier in Trump trade war
When it comes to world trade, and technology trading in particular, Israel has played a game of ‘piggy in the middle’ with China and the US very successfully. Israel has many lucrative trade deals with both the US and China, importing and exporting technology and other goods. But the export of tech to China throws …
Hong Kong protests impact on Chinese economy and US-China trade
Protesters seen demonstrating in Hong Kong. Miguel Candela | SOPA Images | LightRocket | Getty Images The months-long protests in Hong Kong could come to an end soon, according to strategist David Roche, who said they will “be settled or crushed” before October 1 — the 70th anniversary of China’s National Day. The way China …
Stock losses deepen as yield curve inversion raises fears of a recession and alarm over Trump’s trade war
Thomas Heath Local business reporter and columnist, writing about entrepreneurs and companies in the Washington metropolitan area August 14 at 9:40 AM U.S. stocks plummeted Wednesday after the inverted yield curve, one of the most reliable indicators of a recession, sparked a new wave of investor fears. For the first time since 2007, the yields …
German economy: GDP shrinks in the second quarter as trade slows
GDP for the three months ended June contracted 0.1% compared to the previous quarter, in line with analyst expectations. That’s down from 0.4% growth in the first three months of the year. “Today’s GDP report definitely marks the end of a golden decade for the German economy,” said Carsten Brzeski, chief economist in Germany at …
Trump says he delayed tariffs because of concerns over Christmas shopping season
President Donald Trump on Tuesday said that he was delaying some tariffs on Chinese imports ahead of the Christmas season to stem their potential impact on holiday shopping. The Trump administration announced hours earlier that it would delay until Dec. 15 some of the tariffs that were originally scheduled to come into effect on Sept. …
Dow drops 400 points as trade war fears linger
The Dow dropped 391 points, or 1.5%, on Monday afternoon. The S&P 500 and Nasdaq lost 1.2% apiece. Treasury bond yields once again fell sharply as investors piled into safe assets. The turmoil comes as investors brace for the US-China trade war to deal more damage to the global economy. The risk is that the …
