Huawei lashes out at US as President Donald Trump declares tech emergency May 16, 2019 Chinese telecoms giant Huawei has said it is willing to work with the Trump administration after it was slapped with a ban on buying components from US firms without special approvals. Read more: Huawei snaps up top Sky News journalist as senior spin doctor US President Donald Trump yesterday also signed an executive order which [...]
Global stocks reverse falls after reports Trump will delay auto tariffs May 15, 2019 Global stock markets have rallied after US President Donald Trump was reported to be planning to delay tariffs on car imports by up to six months. Read more: US stocks fall as industrial sector contracts for third time in four months Investors had been in sell-off mode amid heightened trade tensions between the US and [...]
US stocks fall as industrial sector contracts for third time in four months May 15, 2019 US industrial production unexpectedly fell for the third time in four months in news that will displease the Trump administration as it wages a trade war on China. Read more: European markets back in red following weak Chinese data Industrial production fell 0.5 percent in April, meaning output declined at an annual rate of 1.9 per [...]
Huawei snaps up top Sky News journalist as senior spin doctor May 15, 2019 Embattled Chinese tech firm Huawei has hired a veteran Sky News journalist as its new senior spin doctor as it ramps up efforts to quash accusations of spying. Senior Sky News editor Paul Harrison, who previously served as the network’s royal and business correspondent, has said he will join Huawei in a senior communications role [...]
European markets back in red as China shows signs of hurting under trade war May 15, 2019 European stocks have fallen after opening higher this morning, as weaker-than-expected Chinese economic data hinted at the effects of the US-China trade war. Read more: China retaliates with tariffs on $60bn of US goods Official figures today showed China’s industrial output growth slowing to 5.4 per cent year-on-year in April, a worse-than-predicted figure and much [...]
Trump set to sign executive order rolling out US ban on Huawei May 15, 2019 US President Donald Trump is expected to sign an executive order this week that will set in motion the country’s ban on Chinese tech firm Huawei. Trump is set to sign a long-discussed executive order preventing US companies from using telecoms equipment made by firms that pose a national security risk, Reuters reported, citing three [...]
While the US and China sneeze, London too risks catching a cold May 15, 2019 The trade dispute between China and the US has escalated. After Donald Trump tweeted that he was imposing higher tariffs on $200bn of Chinese imports to the US, China predictably retaliated, announcing on Monday that it would impose a further $60bn of tariffs on US goods coming into the country. Much attention has been paid [...]
MPs will vote again on Brexit next month – despite no deal between Tories and Labour May 14, 2019 Theresa May will attempt to force her Brexit deal through parliament for the fourth time of asking next month – despite not yet reaching an agreement with Labour. Downing Street has revealed May will put forward the legislation needed for the UK to leave the EU in the week commencing 3 June. The announcement came after May met [...]
DEBATE: Is it possible for Donald Trump to ‘win’ the trade war with China? May 14, 2019 Is it possible for Donald Trump to ‘win’ the trade war with China? Dr John Hemmings, director of the Asia Studies Centre at the Henry Jackson Society, says YES. While many people blame Donald Trump’s “America First” policy for the trade war, it’s likely that Hillary Clinton would have done the same, since Beijing’s leadership has [...]
Economists are united about Trump’s trade folly May 14, 2019 In George Bernard Shaw’s words, if all the economists were laid end to end, they’d never reach a conclusion. Scour the pool of practitioners of the dismal science, and you will find supporters and detractors for almost every economic theory, from free markets to socialism. The one exception, however, is protectionism. Whether from the left [...]