Category Archives: News

G20 sees need for ‘dialogue,’ fails to defuse trade war threat

The world’s financial leaders rejected protectionism on Tuesday and urged “further dialogue” on trade, but failed to defuse the threat of a trade war days before U.S. metals tariffs take effect and Washington is to announce measures against China. Finance

Trump, deemed ‘not above the law,’ faces legal storm

U.S. President Donald Trump faced legal challenges from women on two fronts on Tuesday as a defamation lawsuit brought by a former Apprentice TV show contestant moved forward and a former Playboy model who said she had an affair with

Disputes with temporary workers add to GM Korea’s challenges

Having lost his temporary job as a mechanist at GM Korea twice in the past eight years, Shin Hyun-chang was eagerly awaiting a court ruling last month on whether the automaker would be forced to recognize him as a full-time

Putin wins another six years at Russia’s helm in landslide victory

Russian President Vladimir Putin won a landslide re-election victory on Sunday, extending his rule over the world’s largest country for another six years at a time when his ties with the West are on a hostile trajectory. Putin’s victory will

Facebook critics want regulation, investigation after data misuse

Facebook Inc faced new calls for regulation from within U.S. Congress and was hit with questions about personal data safeguards on Saturday after reports a political consultant gained inappropriate access to 50 million users’ data starting in 2014. Facebook disclosed

Wall Street’s tech love affair might end in tears

Outsized returns delivered by Amazon.com , Netflix  and other heavyweight technology stocks have made them heroes on Wall Street, but some strategists warn that investors’ reliance on them exacerbates the risk of a steep downturn. Amazon’s 35 percent surge in

Trump eyes tariffs on up to $60 billion Chinese goods; tech, telecoms, apparel targeted

    U.S. President Donald Trump is seeking to impose tariffs on up to $60 billion of Chinese imports and will target the technology and telecommunications sectors, two people who had discussed the issue with the Trump administration said on

President Trump halts Broadcom takeover of Qualcomm

U.S. President Donald Trump on Monday blocked microchip maker Broadcom Ltd’s proposed takeover of Qualcomm Inc on national security grounds, ending what would have been the technology industry’s biggest deal ever amid concerns that it would give China the upper hand in

US economy adds 313,000 jobs in strong monthly display but wage growth slows

The US added 313,000 new jobs in February – the strongest gain since July 2016 – as the unemployment rate remained steady at 4.1%. The figures from the labor department smashed the 200,000 forecast from economists. But the recovery in wages,

Earnings boost for stocks may lose luster with rising yields

There is little doubt on Wall Street that U.S. corporate profits are on track to rise at a healthy rate this year, with an overall estimate for growth of almost 20 percent. Less certain, however, is how investors should value