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Specifications for ZTE’s new Hawkeye smartphone are being reconsidered after the company learned of disappointed backers of the phone’s crowdsourcing campaign, ZTE’s VP Jeff Yee has admitted in the company’s community page. The specs, which were revealed after the launch of the Project CSX campaign, were considered unsatisfactory by consumers who took a leap of faith and backed the Kickstarter campaign for the smartphone early on. Project […]

BERLIN German Chancellor Angela Merkel said on Monday that openness, not populism, polarisation or isolation, was the answer to the world’s challenges of globalisation and digitalisation. “I think that, a quarter of a century after German unification, after the end of the Cold War, a new historical era will perhaps be replaced by another one,” Merkel said in a speech to church leaders in Wuerzburg. Even though […]

SYDNEY The dollar was under pressure in Asia on Tuesday as U.S. President Donald Trump’s focus on trade protectionism fueled suspicions his administration might seek a competitive advantage through a weaker currency. The talk of trade wars favored safe-haven Treasuries and the Japanese yen while leaving equities mixed. MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.1 percent but Tokyo’s Nikkei slipped 0.3 percent. Sentiment […]

By Roberta Rampton | WASHINGTON WASHINGTON President Donald Trump’s press secretary promised reporters on Monday that he would never lie after a weekend briefing in which he made statements about the crowd size for Trump’s inauguration that were debunked. In comments to reporters on Saturday that became known as the “alternative facts” briefing, White House spokesman Sean Spicer declared that Trump’s crowd was “the largest audience to […]

Sean Spicer tried to go from combative to cuddly. And he almost made it. In his first actual press briefing, the new press secretary on Monday rebounded from an angry disaster of a monologue late Saturday by cutting a more traditional, measured pose that was still revealing about a new press order at The White House. He dispensed with again throwing down a gauntlet against a press […]

By Toni Clarke | WASHINGTON WASHINGTON Endo International Plc (ENDP.O) said on Monday it had reached a proposed settlement with U.S. anti-trust regulators under which it will not pay rivals to delay the introduction of generic competitors to its medications. The Federal Trade Commission had alleged Endo paid Impax Laboratories Inc (IPXL.O) to delay the introduction of a generic version of its painkiller Opana ER. The agency […]

By Roberta Rampton and Steve Holland U.S. President Donald Trump formally withdrew the United States from the Trans-Pacific Partnership trade deal on Monday, distancing America from its Asian allies as China’s influence in the region rises. Fulfilling a campaign pledge to end American involvement in the 2015 pact, Trump signed an executive order in the Oval Office pulling the United States from the 12-nation TPP. “Great thing […]

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By Michael Georgy | MOSUL, Iraq MOSUL, Iraq Mohamed Mahmoud is relieved he no longer has to watch Islamic State militants hang corpses from electricity poles, now that Iraqi forces have cleared the group from his east Mosul district. But he still fears for his safety. Like other Iraqis, he worries that destructive forces like sectarianism, which already provoked one civil war since the fall of Saddam […]

By Roberta Rampton | WASHINGTON WASHINGTON U.S. President Donald Trump met with a dozen American manufacturers at the White House on Monday, pledging to slash regulations and cut corporate taxes, but warning them he would impose taxes on imports if they move production outside the country. Trump, who took office on Friday, promised to bring manufacturing plants back to the United States – an issue he said […]

US President Donald Trump has just days after taking office signed an executive order signalling that America will back-out of the Pacific trade pact that was a key tenet of Barack Obama’s pivot to Asia. Mr Trump had vowed on the campaign trail to dismantle the Trans-Pacific Partnership that the billionaire businessman-cum-politician has argued is bad for US workers and companies. The move is the administration’s first […]

Photo The Roman amphitheater, left, in Palmyra, Syria, in 2016. Satellite pictures on the right show the structure before it was damaged, above, and after. Credit Bryan Denton for The New York Times Islamic State militants have destroyed the facade of a second-century Roman amphitheater and another ancient monument in the historic city of Palmyra, Syria, the Syrian state-run news agency reported on Friday. The news agency, […]

President Donald Trump addresses business and trade issues on Monday. Highlights of the day follow: BUSINESS Trump meets with a dozen prominent American manufacturers at the White House, promising to cut regulations and corporate taxes but warning them of penalties if they move production outside the country. TRADE Trump could sign an executive order on Monday intended to renegotiate the free trade agreement between the United States, […]

McDonald’s Corp’s (MCD.N) U.S. comparable restaurant sales fell less than analysts had expected in the fourth quarter as strong demand for its all-day breakfast brought more people to its restaurants. The operator of the world’s largest fast-food chain posted overall quarterly revenue that beat analysts’ expectations. The company’s stock initially rose in premarket trading on Monday, before reversing course to trade down 0.38 percent at $121.95. Sales […]

Having already signed a (mostly symbolic) executive order on Obamacare on Friday night, urging US agencies to “waive, defer, grant exemptions from, or delay the implementation” of provisions deemed to impose fiscal burdens on states, companies or individuals, Trump is preparing to unload a volley of many more executive orders. Courtesy of Axios, which quotes “one of the best-wired Republican lobbyists in town”, here is a preview […]

TOKYO Japanese Prime Minister Shinzo Abe said on Monday he believed U.S. President Donald Trump understood the value of free trade and that he would keep pitching a multinational trade pact that Trump’s administration has vowed to exit. “I believe President Trump understands the importance of free and fair trade, so I’d like to pursue his understanding on the strategic and economic importance of the TPP (Trans-Pacific […]

A billionaire Chinese hedge fund manager has been jailed for five-and-a-half years for market manipulation in one of the country’s highest-profile financial crimes prosecutions since a market rout in 2015. Xu Xiang, an investment guru who used to be compared with Carl Icahn, led a loose-knit group of hedge fund managers from the port city of Ningbo known as the “Limit-up Kamikaze Squad” because of their penchant for […]

As deaths from powerful painkillers continue to rise, Canada is pursuing unprecedented measures to curb their use, including requiring cigarette-style warning stickers on every prescription, Health Minister Jane Philpott told Reuters. Next month Health Canada plans to publish a detailed proposal for the stickers, which Philpott said would warn that opioid painkillers can cause addiction and overdose. In March, an advisory panel is set to consider a […]

File this under Justice Porn… A miserable seething bitch and her browbeaten husband are the stars of a new video making it’s way around the internet after the woman, a horrible human being, decided to berate a Trump supporter on an airplane. First, here’s what happened from the guy it happened to:   The first flight attendant to deal with his bigot isn’t having any of her shit: Attendant #1: “Is […]

By Naveen Thukral | SINGAPORE SINGAPORE Oil ticked lower on Monday, falling for the first time in three sessions as prospects of rising U.S. production weighed on the market. U.S. energy companies last week added the most rigs drilling for new production in almost four years. Drillers added 29 rigs in the week to Jan. 20, bringing the total count up to 551, the most since November […]

Yahoo will be probed by the United States Securities and Exchange Commission (SEC), it has been reported, with authorities expected to investigate whether the company should have disclosed its two data breaches sooner to investors. According to The Wall Street Journal, the SEC investigation is still in its early stages, and is expected to look into whether Yahoo’s disclosures about the data breaches complied with civil securities […]

H.E Bin Shafar: “Empower boosted cooperation with many international energy companies at the summit” Abu Dhabi, UAE, 22 January 2017 Emirates Central Cooling Systems Corporation (EMPOWER), the world’s largest district cooling service provider, successfully concluded its participation in the 10th World Future Energy Summit (WFES), as part of Abu Dhabi Sustainability Week 2017, which was held from 16th to 19th January at the Abu Dhabi National Exhibition Centre Empower team […]

By Tetsushi Kajimoto | TOKYO TOKYO Japanese companies believe that neither U.S. President Donald Trump nor Japan Prime Minister Shinzo Abe want to see the yen weaken significantly, a Reuters poll showed, a development they worry could spark an unwelcome political backlash. The Reuters Corporate Survey, conducted Jan. 4-17, also found that Japanese firms want Abe to push Trump hard on trade issues, while nearly a third […]

While President Trump chose not to attend the elite extravaganza in Davos last week, choosing instead to lambast the great-est and good-est of the world’s executives in their crony capitalist safe space, the cognitively dissonant CEOs reassured each other by saying ‘ignore the tweets’, confident that “if [Trump] knows the facts, he’ll respond according to the facts.” It depends whose ‘facts’ those are, of course. As Bloomberg […]

BERLIN Germany must brace itself for turbulent times under U.S. President Donald Trump, Foreign Minister Frank-Walter Steinmeier said on Sunday, adding that free trade and trans-Atlantic cooperation to fight extremism and terrorism were key for Berlin. Steinmeier, who in August said Trump was a “Hassprediger” or “hate preacher”, wrote in the mass-circulation Bild newspaper that some members of the new U.S. administration understand the importance of allies […]

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