• Micron chip sales banned in China in patent dispute with Taiwan's UMC
Micron chip sales banned in China in patent dispute with Taiwan's UMC

However, sources close to the company say it is now drafting a response to the ruling by the Fuzhou Intermediate People's Court of the People's Republic of China. Last December, Micron filed a lawsuit against UMC in the Northern District Court of California of the U.S., claiming that UMC violated intellectual property rights by copying its memory...

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  • Trade Wars: Trump loads first volley against China
Trade Wars: Trump loads first volley against China

Speaking at a weekly news conference, Commerce Ministry spokesman Gao Feng warned the proposed USA tariffs would hit global supply chains, including foreign companies in the world's second-largest economy. "The summer holiday is the peak season for Chinese citizens to travel to and come from the United States". China's central bank moved to calm ...

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  • United States should throw China out of the WTO: Peter Morici
United States should throw China out of the WTO: Peter Morici

Japan's government has warned in a report that a higher USA tariff on auto imports could backfire, jeopardizing hundreds of thousands of American jobs created by Japanese auto-related companies, raising prices for US consumers and devastating the USA and global economy.

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  • Trump Moves To Block China Mobile From U.S Market
Trump Moves To Block China Mobile From U.S Market

Trade frictions between the United States and China may have escalated on Monday after a U.S. government agency identified China Mobile , the world's largest wireless network operator by subscribers, as a national security threat. The Trump administration in March blocked chipmaker Broadcom's $117 billion bid for rival Qualcomm. That leaves the Un...

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  • The U.S. Chamber of Commerce Is Fighting Trump's Tariffs with Facts
The U.S. Chamber of Commerce Is Fighting Trump's Tariffs with Facts

ASIA'S DAY: Asian markets were overshadowed by weaker than expected Chinese manufacturing data and a softening in Japan's economic outlook. Shares of Harley-Davidson ended Tuesday's shortened trading session up 0.8 percent. President Donald Trump cited national security concerns for the previous tariffs. But he denied reports he plans to pull...

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  • Iran announces plan to circumvent U.S. oil sanctions
Iran announces plan to circumvent U.S. oil sanctions

Shortly after, the White House backtracked on Trump's statement, saying that Riyadh is ready for measures aimed at stabilizing the oil market. The leading OPEC member announced plans to pump a record-high 11 million barrels of oil per day in July, according to press reports.

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  • 5 reasons to love the LeBron James signing
5 reasons to love the LeBron James signing

But Durant, the Finals MVP in Golden State's successive triumphs over the Cavs, will re-sign with Golden State on a deal that leaves room to make further moves. For years , James has been able to walk into the Finals with a level of ease, now, in the Western Conference, he must fight to gain that entry. James informed the Cavaliers on Friday that...

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  • Anonymous person buys $1M worth of remaining toys at Toys 'R' Us
Anonymous person buys $1M worth of remaining toys at Toys 'R' Us

Toys 'R Us filed for bankruptcy in September 2017 and began closing its 735 USA stores in March, with the last and final round of the brick and mortar locations officially closing doors this week. As the last of the USA stores close, more than 30,000 workers will be looking for work. Lazarus founded the company in 1948 and built it up to be an ic...

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  • Oil prices lifted by Libyan oil production outage
Oil prices lifted by Libyan oil production outage

On April 20, Donald Trump took to Twitter to lambaste the cartel's push for higher prices. "Oil prices are artificially Very High!" After months of sharp oil price rises there is now considerable uncertainty as to the market's direction for the rest of the year, OPEC said on Tuesday as a key meeting of oil producers looms.

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  • USA pushes allies to halt Iran oil imports, waivers unlikely
USA pushes allies to halt Iran oil imports, waivers unlikely

The decision will test the United States' ability to pressure Iran unilaterally, with European countries which worked in unison with the Obama administration to cut shipments voicing strong opposition to the Trump administration's withdrawal from the 2015 nuclear deal.

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  • U.S. restrictions on Chinese investment next front in trade dispute
U.S. restrictions on Chinese investment next front in trade dispute

Also Monday, Wisconsin's Harley-Davidson tumbled more than 6% after saying it would move some production out of the U.S. amid retaliatory tariffs the company said would bring about a "tremendous cost increase". The administration could expand the existing authority of the Committee on Foreign Investment in the United States, or CFIUS, which is led ...

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  • The Border Security And Immigration Reform Act
The Border Security And Immigration Reform Act

While some who advocate for stricter immigration rules have argued that people are making fraudulent asylum claims or abusing the loopholes in US immigration laws, Baron said Trump's views went way beyond those arguments. House Minority Leader Nancy Pelosi said the more moderate Republican bill is "a compromise with the devil". Instead, Trump h...

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  • Greece 'turning a page' as eurozone agrees debt relief
Greece 'turning a page' as eurozone agrees debt relief

The European Stability Mechanism (ESM) holds more than half of the country's public debt and, as its biggest creditor, is keen to see Greece regain market access sustainably. "We will ensure that the pressure to implement further reforms remains strong.in the medium and long term", said Austrian Finance Minister Hartwig Loger.

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  • Erdoğan declares victory in Turkish presidential vote
Erdoğan declares victory in Turkish presidential vote

The election ushers in a new era in Turkey, marking the end of a century-old parliamentary democracy and the transition to an executive presidential system, bestowing on Erdogan huge new powers he has long coveted. All three major opposition parties accused Anadolu Agency of manipulating the results and releasing them selectively, a claim dismi...

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  • Saudi Stock Exchange gets key MSCI upgrade
Saudi Stock Exchange gets key MSCI upgrade

On June 20, MSCI Inc. included Saudi Arabia into their emerging markets index, a step which is definitely beneficial to the Kingdom's stock market Tadawul in the short term. Saudi Arabia may see inflows of as much as US$40 billion in the coming year, Khalid Al Hussan, chief executive officer of the bourse, said in a phone interview.

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  • North American stocks fall amid U.S.-China tariff threats, loonie lower
North American stocks fall amid U.S.-China tariff threats, loonie lower

Gary C. Evans, chief executive of shale producer Energy Hunter Resources, called the tariffs "a lot of saber rattling" that will not hurt exports of USA crude oil or liquefied natural gas, the latter a fuel that China has not included on its list of products facing a tariff.

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  • European Union says it will start to impose tariffs on United States on Friday
European Union says it will start to impose tariffs on United States on Friday

The spat comes amid a wider push by President Trump's administration to hit other countries with tariffs that would reduce the USA trade deficit. More than $3 billion worth of USA goods - from bourbon and corn to Harley Davidson motorcycles - are now under a 25 percent tariff in the European Union, in retaliation for the Trump administration's ...

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  • Elon Musk says Tesla is a victim of
Elon Musk says Tesla is a victim of "extensive" sabotage

Tesla has been going through a hard time lately, facing safety questions over its Autopilot system, layoffs , and production issues with its Model 3 . Musk said the fire could just be a "random event", but quoted businessman and engineer Andrew Grove's famous line that "only the paranoid survive". "As you know there are a long list of orga...

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  • VW to Pick Schot as Audi Interim Chief After CEO Arrest
VW to Pick Schot as Audi Interim Chief After CEO Arrest

News of the arrest comes as Volkswagen's (VW) new group CEO Herbert Diess is trying to introduce a new leadership structure, which includes Stadler, to speed up a shift toward electric vehicles in the wake of its " dieselgate " troubles. Stadler has been with Volkswagen-Audi since 1994 and has held the top managerial spot at Audi since 2007, two ...

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  • Rents pricing out minimum-wage workers across the USA, report says
Rents pricing out minimum-wage workers across the USA, report says

In the Oakland metropolitan area, which includes Alameda and Contra Costa counties, renters earn an average of $22 an hour - much more than Oakland's $13.23 minimum wage . San Francisco tops the list for the cities with the most expensive housing wage. Lastly, Hawaii , the state with the most expensive housing: The minimum wage there is $10.10...

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  • Trump preps China tariff target list, Beijing ready to retaliate
Trump preps China tariff target list, Beijing ready to retaliate

But his plan to crack down on China has drawn wider support. Washington has also completed a second list of possible tariffs on another US$100 billion in Chinese goods, in the expectation that China will respond to the initial USA tariff list in kind, sources told Reuters.

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  • Judge clears AT&T takeover of Time Warner
Judge clears AT&T takeover of Time Warner

Justice Department attorneys argued in a six-week trial in a windowless Washington courtroom earlier this year that AT&T could use its control over popular Time Warner cable channels such HBO , TNT and CNN to slow the growth of popular streaming services and hike bills for cable-TV customers.

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  • 'This is huge:' North Korea agrees to return remains
'This is huge:' North Korea agrees to return remains

His statement follows a report from the New York Times, which criticized the White House for lacking a scientific advisory team. South Korean President Moon Jae-in on Tuesday hailed the outcome of the summit between President Trump and the North's leader Kim Jong Un as a "historic event" that ended the last Cold War conflict.

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  • Trump calls Canadian PM 'dishonest and weak'
Trump calls Canadian PM 'dishonest and weak'

Kudlow suggested Trump saw Trudeau as trying to weaken his hand before that meeting, saying the president won't "let a Canadian prime minister push him around". The G7 joint communique, which advocates a "rules-based trading system", was reached despite tension over U.S. tariffs on steel and aluminium imports, reported BBC .

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  • Porsche Taycan is the production name for the Mission E EV
Porsche Taycan is the production name for the Mission E EV

The Taycan will have an electric system output upwards of 600hp and a possible range of more than 500km on a full charge. Although the Taycan shares a similar silhouette to the Panamera saloon, the Tesla Model S rival will be more compact and cheaper; entry-level versions priced between £60,000 and £70,000 mean it will carry only a smal...

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  • ZTE has reached a deal to have USA sanctions lifted
ZTE has reached a deal to have USA sanctions lifted

ZTE also agreed to place US$400 million in escrow, money which the United States government can take if the Chinese company is found to be in violation again. Still, the resolution of the ZTE case may clear the way for the U.S. to make progress in its trade talks with China. "We are literally embedding a compliance department of our choosing in...

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  • Trump ramps up feud with Canada, France ahead of G-7 summit
Trump ramps up feud with Canada, France ahead of G-7 summit

Canada's Trudeau also slammed the tariffs after they were announced , calling them "totally unacceptable". "Prime Minister Trudeau is being so indignant, bringing up the relationship that the USA and Canada had over the many years and all sorts of other things...but he doesn't bring up the fact that they charge us up to 300% on dairy - hurt...

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  • Petrol prices in record monthly rise, says RAC
Petrol prices in record monthly rise, says RAC

Average gross retail margins have fallen compared to the previous quarter by 1.8 cents per litre to 12.4 cents but still remained well above the real long-term average of 8 cents per litre since the ACCC began monitoring petrol stations in 2002.

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  • Germany's Merkel to work with Italy's populist new govt
Germany's Merkel to work with Italy's populist new govt

The League and 5 Star each need to renegotiate treaties on budgets, migration and a variety of different points with the European Union. Macron wants a future EMF to act as a buffer in any future financial crises in the bloc, which was almost torn apart in a debt crisis in 2009.

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  • US TRADE WAR ramps up
US TRADE WAR ramps up

This kind of punch-counterpunch makes Canadians like Michael Seamen really nervous. Based on the solid rally in the stock market, I think investors are saying the countries involved don't have the fire power to retaliate strong enough to disrupt the US economy or dramatically effect corporate earnings.

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