U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm

U.S. eases restrictions on Huawei; founder says U.S. underestimates Chinese firm
(Reuters) – The U.S. government has temporarily eased trade restrictions imposed last week on China’s Huawei, a move aimed at minimizing disruption for its customers but dismissed by its founder who said the tech firm had prepared for U.S. action. FILE PHOTO: The logo of Huawei is seen at the high profile startups and high tech leaders gathering, Viva Tech,in... Read More

U.S. eases restrictions on China’s Huawei to keep networks, phones operating

U.S. eases restrictions on China’s Huawei to keep networks, phones operating
(Reuters) – The U.S. government on Monday temporarily eased some trade restrictions imposed last week on China’s Huawei, a move that sought to minimize disruption for the telecom company’s customers around the world. FILE PHOTO: The logo of Huawei is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File... Read More

Huawei founder says U.S. government is underestimating company: state media

Huawei founder says U.S. government is underestimating company: state media
FILE PHOTO: Huawei CEO and founder Ren Zhengfei walks inside Huawei’s headquarters in the southern Chinese city of Shenzhen, Guangdong province, in this October 16, 2013 file photo. REUTERS/Bobby Yip/File Photo BEIJING (Reuters) – The U.S. government’s temporary easing of trade restrictions on Huawei Technologies bears little meaning on the company as the Chinese firm has made preparations, Huawei’s founder... Read More

Oil rises on escalating U.S.-Iran tensions; trade war concerns weigh

Oil rises on escalating U.S.-Iran tensions; trade war concerns weigh
SINGAPORE (Reuters) – Oil prices edged up on Tuesday on escalating tensions between the United States and Iran and on signs that producer club OPEC will continue withholding supply this year. FILE PHOTO: A view shows a drilling rig in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia March 11, 2019. Picture taken March... Read More

Asian shares near four-month lows on Huawei fallout fears

Asian shares near four-month lows on Huawei fallout fears
TOKYO (Reuters) – Asian shares wobbled near four-month lows on Tuesday on mounting worries the White House’s black-listing of Chinese telecom giant Huawei Technologies could further inflame already tense relations between the Washington and Beijing. FILE PHOTO: A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Tokyo, Japan, June 2,... Read More

U.S. eases some restrictions on China’s Huawei to keep networks operating

U.S. eases some restrictions on China’s Huawei to keep networks operating
(Reuters) – The U.S. government on Monday temporarily eased some trade restrictions imposed last week on China’s Huawei, a move that sought to minimize disruption for the telecom company’s customers around the world. FILE PHOTO: The logo of Huawei is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau/File... Read More

American Airlines asks court to block disruptive ‘slowdown’ by mechanics unions

American Airlines asks court to block disruptive ‘slowdown’ by mechanics unions
CHICAGO (Reuters) – American Airlines Group Inc has filed a lawsuit against two unions representing its mechanics, asking the court to halt what it called an illegal slowdown that it said on Monday threatened to disrupt U.S. summer travel. FILE PHOTO: An American Airlines Boeing 767-300ER aircraft takes off from Zurich Airport January 9, 2018. REUTERS/Arnd Wiegmann/File Photo The lawsuit,... Read More

Walmart, Target, Bed Bath must face lawsuit over fake ‘Egyptian’ cotton: NY judge

Walmart, Target, Bed Bath must face lawsuit over fake ‘Egyptian’ cotton: NY judge
NEW YORK (Reuters) – A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labeled “100% Egyptian Cotton” or “100% Long-Staple Egyptian cotton” despite being suspicious of their origin. FILE PHOTO: A Bed, Bath & Beyond store is pictured in San Marcos, California September 24,... Read More