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1 Article
Source: Fox News

Stock futures point to more losses to start the week

Tuesday 09:54 GMT

The Dow Jones Industrial Average finished the final day of the week down 558 points or over 2 percent, curbing losses that were well over 600 points intraday.

Equity investors rocked by days of volatility are saying good riddance to the week on Friday in what was another stomach-churning session. The month of December is now off to its worst start since 2008, as tracked by our partners at Dow Jones Market Data Group.

1 Article
Source: CBS News

Chinese court bans import and sale of almost all iPhone models

Tuesday 15:26 GMT

A Chinese court on Monday banned the import and sale of most iPhone models after ruling that Apple is violating two patents belonging to chipmaker Qualcomm.

The Fuzhou Intermediate People's Court in China granted a preliminary order that requires Apple to stop selling the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone X in China, according to Qualcomm. The ban does not apply to the newer XS, XS Max and XR models, which weren't on the market at the time of the case filing.

1 Article
Source: Global News

Huawei CFO Meng Wanzhou bail hearing continues on Monday

Tuesday 17:17 GMT

The bail hearing for Huawei chief financial officer Meng Wanzhou entered its second day on Monday after a number of developments in the case over the weekend.

The bail hearing opened on Friday with a B.C. Supreme Court judge hearing that the Chinese telecom executive, who was arrested at Vancouver International Airport on Dec. 1, is alleged to have violated U.S. sanctions on trade with Iran. On Friday, a Crown lawyer told a packed courtroom that Meng, who faces extradition to the U.S., poses a flight risk due to her wealth, lack of ties to the jurisdiction, and the fact she mainly resides in China, a country that has no extradition treaty with the U.S. or Canada.

1 Article
Source: Reuters

Qualcomm wins preliminary China import ruling against some iPhone...

Tuesday 17:17 GMT

The specific iPhone models affected by the preliminary ruling in China are the iPhone 6S, iPhone 6S Plus, iPhone 7, iPhone 7 Plus, iPhone 8, iPhone 8 Plus and iPhone X.

(Reuters) - Chip supplier Qualcomm Inc on Monday said it had won a preliminary order from a Chinese court banning the sale of several Apple Inc iPhone models in China due to two patent violations around software features, though Apple said its phones remain available in the country.

2 Articles
Source: DW

SIPRI: US dwarfs rest of world in armaments production

Monday 22:44 GMT

Send Facebook Twitter google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine. The most reliable customer for the American armaments industry is the US Army, which is constantly in the market for new weapons and is able to afford extremely expensive systems such as aircraft carriers.

Send Facebook Twitter google+ Whatsapp Tumblr linkedin stumble Digg reddit Newsvine. In 2017, Russian defense companies, which are benefiting from Putin's modernization program for the army, have made strong gains.

2 Articles
Source: Global News

National security top priority in assessing Huawei’s role in Canada’s 5G network: minister

Tuesday 20:02 GMT

National security “comes first” in deciding whether to allow Huawei Technologies to take part in developing Canada’s 5G telecommunications network, Infrastructure Minister Francois-Philippe Champagne says.

Former security officials in Canada and two members of the U.S. Senate Select Committee on Intelligence have warned that Huawei’s participation could compromise the security of Canada and its closest allies.

1 Article
Source: Common Domain

Dow roars back from 500-point decline as stocks close higher

Tuesday 20:02 GMT

Stocks closed higher Monday as major indexes bounced back from earlier losses as renewed confidence in the strength of the U.S. economy offset lingering worries over the U.S.-China trade dispute.

The S&P 500 closed 1.9% above its intraday low, its biggest such bounce since Feb. 6; the Dow closed 2.1% above its session low for its biggest intraday, upside reversal since April 4, according to Dow Jones Market Data.

1 Article
Source: The Guradian

Ai Weiwei: 'The mood in Germany is like the 1930s'

Tuesday 00:35 GMT

This is the mood in Germany right now, the posters I see in the streets saying: ‘We can make our own babies, we don’t need foreigners.’

The mud-prints have morphed into several versions of a blue footprint on a white background, which form the basis of Ai’s flag. The design is set to be released on 10 December, and UK schools, police forces, faith groups and hospitals will be invited to fly it from their buildings during a seven-day campaign in June.

2 Articles
Source: CBS News

IMF chief Christine Lagarde sees "no signs" of U.S. recession "in the near term"

Monday 19:06 GMT

Christine Lagarde, managing director and chairwoman of the International Monetary Fund (IMF), said she sees no indications the American economy is heading towards a recession in the near future, despite a recent stock market slump and slower job growth.

"In the U.S., if there was equal participation of women in the labor market, GDP would be up by 5 percent," Lagarde said. Asked about the role of women in the global economy, Lagarde, who was named one of the most powerful women in the world by Forbes this week, said gender inclusivity in workplaces fosters financial growth.

3 Articles
Source: Fox News

US maintains hard line in trade with China: report

Tuesday 06:04 GMT

The U.S. will hold fast to its 90-day deadline for the conclusion of a lasting trade agreement with China and would impose punishing tariffs on Chinese imports if none is reached.

In the past few months,  Xi has touted a Chinese Commerce Ministry report saying China would import a total of $2.5 trillion in services globally over five years.


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