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SUNDAY 05/19/2024
ISSUE#0001257
EST. 2024
 
 
 
 
 
BUSINESS
 
US, CHINA BEGIN NEW ROUND OF TARIFF WAR NEGOTIATIONS
 
American and Chinese trade negotiators began more talks Wednesday aimed at ending a tariff war after Treasury Secretary Steven Mnuchin said U.S. officials might be moving toward a decision on whether to make a deal with Beijing.
 
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FOXCONN CHAIRMAN TRAVELS TO WHITE HOUSE TO DISCUSS...
 
The chairman of Apple supplier Foxconn will travel to the United States on Tuesday for a meeting in the White House that is believed to be related to an investment in Wisconsin, according to a source with direct knowledge of the matter.
 
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CHEESE FANS RAISE A STINK OVER PLANS FOR PASTEURISED...
 
Surrounded by mottled brown-and-white cows basking in the Normandy spring sunshine, Patrick Mercier admits his prized raw-milk camembert doesn't come cheap, but suggests not everyone should have to make the cheese this way.
 
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VODAFONE CONFIRMS IT FOUND SECURITY VULNERABILITIES IN...
 
The Chinese tech giant has been fighting off US espionage allegations, as Washington is trying to dissuade its allies across the world against using Huawei in developing the next-generation 5G network. The reputation of the Chinese firm has been challenged yet again after revelations by a European telecommunications giant.
 
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SAS CANCELS MORE SCANDINAVIAN FLIGHTS AS PILOTS STRIKE...
 
Scandinavian airline SAS canceled more than 500 flights scheduled for Wednesday, which will ground some 47,000 passengers, as a strike by pilots entered a fifth day with no sign of talks between management and unions.
 
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GENERAL ELECTRIC QUARTERLY PROFIT MORE THAN TRIPLES
 
General Electric Co reported a more than three-fold rise in quarterly profit on Tuesday, helped by higher sales in its aviation, oil and gas, and healthcare units.
 
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SCANDAL-PLAGUED DANSKE BANK PROFITS FALL, SENDING...
 
Shares in Denmark's Danske Bank, caught up in a gigantic money laundering scandal, dived on Tuesday after it reported a sharp fall in first-quarter net profits and revised annual targets downwards.
 
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GERMAN JOBLESS RATE DEFIES GLOOM TO CLEAVE TO RECORD...
 
Germany's unemployment rate in April held steady at the lowest rate since reunification in 1990, official figures showed Tuesday, as the jobs boom in Europe's biggest economy held up despite signs of slowing growth.
 
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$1 BILLION OF IRANIAN CRUDE SITS AT CHINA'S DALIAN PORT
 
Some 20 million barrels of Iranian oil sitting on China’s shores in the northeast port of Dalian for the past six months now appears stranded as the United States hardens its stance on importing crude from Tehran.
 
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TESLA TO REDUCE SOLAR PANEL PRICES BY UP TO 38...
 
Tesla Inc plans to announce on Tuesday that it has started selling solar panels and related equipment for up to 38 percent below the national average price, the New York Times reported on Tuesday.
 
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DROUGHT HITS PANAMA CANAL SHIPPING, HIGHLIGHTS CLIMATE...
 
An intense drought related to this year’s El Nino phenomenon has precipitously lowered the level of Panama’s Gatun Lake, forcing the country’s Canal Authority to impose draft limits this week on ships moving through the waterway’s recently expanded locks.
 
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FRENCH ECONOMIC GROWTH HELD STEADY IN FIRST-QUARTER,...
 
French growth held steady in the first three months of the year as household spending recovered after anti-government protests at the end of 2018, official data showed on Tuesday.
 
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EGYPT'S REBOUNDING TOURISM THREATENS RED SEA CORALS
 
In serene turquoise waters off Egypt's Red Sea coast, scuba divers ease among delicate pink jellyfish and admire coral -- yet a rebounding tourism sector threatens the fragile marine ecosystem.
 
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AMERICAN STUDENTS PLEDGE FUTURE SALARY TO AVOID DEBT
 
American college students are turning to a new strategy to avoid the debt trap that has captured millions, pledging a share of their future earnings to pay for their education rather than borrowing.
 
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TECH FIRMS BIG LOSERS AS MOST ASIAN MARKETS SINK
 
Technology firms took a hit in Asia on Tuesday as two of the biggest names in the sector posted disappointing earnings, helping to drag most markets in the region into negative territory.
 
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US MAY LIFT SANCTIONS FROM GAZ GROUP, EXPERTS SAY
 
The Russian automaker GAZ Group continues talks with the US Office of Foreign Assets Control (OFAC) of the US Treasury on lifting of sanctions that should come into force in July 2019, a company’s spokesperson told TASS on Monday.
 
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CHINA APRIL FACTORY GROWTH UNEXPECTEDLY SLOWS AS...
 
Factory activity in China expanded for a second straight month in April but at a much slower pace than expected, an official survey showed on Tuesday, suggesting the economy is still struggling for traction despite a flurry of support measures.
 
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SWISS GROUP FILES CRIMINAL COMPLAINT AGAINST CREDIT...
 
A Swiss anti-corruption lobby group has filed a criminal complaint against Credit Suisse over alleged fraud in the arrangement of $2 billion of loans to Mozambique, the group said on Monday.
 
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SAS CEO LOOKING AT CONSTRUCTIVE WAYS TO END PILOT...
 
The CEO of Scandinavian airline SAS has told negotiators to thrash out what concessions the company can make to end a pilot strike that has disrupted travel plans for hundreds of thousands of passengers.
 
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