Wednesday 12th December 2018

    • Huawei CFO granted bail at court hearing Huawei-CFO-granted-bail-at-court-hearing

      The Canadian court on Tuesday granted bail to Huawei chief financial officer Meng Wanzhou, who’s been detained in Canada for nearly two weeks for allegedly breaking U.S. sanctions on Iran. Meng, also the daughter of Huawei founder, was taken into custody in Vancouver on December 1 while traveling from Hong Kong to Mexico via Canada at the request of the U.S. government.

    • Huawei executive arrested in Canada Huawei-executive-arrested-in-Canada

        Canadian authorities have arrested the daughter of the founder of Chinese telecoms giant Huawei at the request of US law enforcement. Meng Wanzhou, who is Huawei’s chief financial officer and deputy chair, was arrested in Vancouver on 1 December, Canada’s Department of Justice said. Ms Meng is being sought for extradition by the US, the department added. Huawei said it had little information about the charges and was “not aware of any wrongdoing by Ms Meng”. Ms Meng, daughter of company founder Ren Zhengfei, was detained while transferring between flights, the firm said. She will face a bail...

    • Bitcoin falls below $5,000 for first time since 2017 Bitcoin-falls-below-$5,000-for-first-time-since-2017

            The value of bitcoin slipped Monday below 5,000 US dollars for the first time since October 2017 as a broad selloff gathered steam on the opaque cryptocurrency market. Data compiled by the Coinbase digital exchange showed the world’s most popular virtual currency losing 12.5 percent of its value from Friday evening to stand at 4,914.21 US dollars by 1930 GMT Monday. The rout began on Wednesday and has also affected widely-traded other cryptocurrencies such as ethereum and ripple. Bitcoin opened trading on Wednesday at 6,326 US dollars and has since seen its market capitalization fall to...

    • Theresa May says will return to Brussels on Saturday in bid to seal Brexit deal theresa may brexit deal

      BRUSSELS/LONDON: Prime Minister Theresa May said she would be returning to Brussels on Saturday to hammer out an outline of Britain`s future ties with the European Union after her meeting with the head of the bloc`s executive on Wednesday failed to bridge the gaps. May met European Commission head Jean-Claude Juncker for about an hour and a half to try to win commitments aimed at helping her appease rebels at home opposed to her draft Brexit treaty. “There were some remaining issues which we have discussed,” May said afterwards. “I will be returning on Saturday for further meetings, including...

    • President Xi returns to Beijing after state visits to Papua New Guinea, Brunei, Philippines and APEC meeting presedent-XI-returned-beijing

            Chinese President Xi Jinping returned to Beijing on Wednesday after wrapping up his Asia-Pacific trip. He flew in from the Philippines, the third leg of his regional tour which saw him paying state visits to Papua New Guinea, where he also attended the 26th Asia-Pacific Economic Cooperation (APEC) Economic Leaders’ Meeting, and Brunei. During his visit to Manila, President Xi witnessed the signing of 29 bilateral agreements, as the two countries seek closer cooperation. The agreements include memorandums of understanding (MOUs) on Belt and Road construction, oil and gas development and other fields.

    • UK Trade Minister Liam Fox: CIIE showcases UK innovation, services sector

      The China International Import Expo (CIIE) has been a chance to showcase “the best of what the United Kingdom has to offer,” Britain’s Secretary of State for International Trade Liam Fox said Tuesday, while calling for reform of the World Trade Organization (WTO) and speaking out against protectionism. Speaking at a launch event for the UK Pavilion at the CIIE, Fox was keen to stress the importance of the theme of innovation, saying it was what “defines the UK, what excites the UK, and what unites us in our drive for a future partnership with China.” The UK is...

    • President Xi renews global trade call at CIIE opening

      Chinese President Xi Jinping on Monday urged for free trade to be embraced and warned against seclusion, confrontation and monopoly in his keynote speech at the opening of the China International Import Expo (CIIE) in Shanghai, which comes at a pivotal moment for global commerce. “The CIIE is hosted by China with the support of the WTO and other international organizations as well as a large number of participating countries. It is not a China only show but rather a chorus involving countries from around the world.” Chinese President Xi Jinping Xi told an audience of national, financial and...

    • US allowed India to buy oil from Iran due to PM Narendra Modi: Oil Minister Dharmendra Pradhan

      JAKARTA: A Lion Air flight with at least 188 people onboard from Jakarta to Pangkal Pinang, which went missing just 13 minutes after take-off, had crashed, the Indonesian aviation authority officials said on Monday. Confirming the development, Indonesia’s search and rescue agency said on Monday that a Lion Air passenger flight from Jakarta, the capital, to the city of Pangkal Pinang off the island of Sumatra, had crashed into the sea. “It has been confirmed that it has crashed,” Yusuf Latif, a spokesman for the agency, said by text message when asked about the fate of the Lion Air...

    • President Xi Jinping calls for ‘mutually acceptable solution’ to China-US trade issues

      Mutually beneficial and win-win relations are the nature of economic and trade cooperation between China and the United States, Chinese President Xi Jinping said in his telephone conversation with US President Donald Trump on Thursday. “Economic teams of the two countries should strengthen contact and conduct consultations on issues of mutual concern in order to reach a mutually acceptable solution to China-US economic and trade issues,” Xi added. During the conversation, Trump said he values good relationship with the Chinese president and looks forward to meeting Xi during the upcoming G20 summit, scheduled to be held from November 30...

    • Crucial Gulf Summit convenes in Kuwait Crucial Gulf Summit convenes in Kuwait

      Abu Dhabi-The 38th Gulf Cooperation Council (GCC) Summit, set to be held in Kuwait on Tuesday and Wednesday faces the challenging task of consolidating the Gulf family, to reinforce its security being breached by Iran’s expansionist project, analysts said yesterday. Speaking to Gulf News on the eve of the crucial summit, analysts argued this consolidation can only be achieved through, not reconciliatory, but honest and candid dialogue, in order to eliminate the issues currently obstructing true cooperation between GCC member states. “The summit should rearrange the Gulf House to cement its security and foil any breaches by foreign forces...