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China Pivots to Europe for Technology Transfers

Amid escalating trade friction with the United States, China appears to be courting Europe to fill the gaps in providing opportunities for technology transfers. Analysts, however, are urging Europe to be wary in its dealings with China. They say it will be political and economically unwise for Europe to take …

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Fog May Help Quench World’s Thirst

Two-thirds of the world’s population currently lives with water shortages at least part of the year, according to one estimate. And climate change and growing populations are expected to stretch water supplies even further. Experts are looking for new ways to capture this precious resource. In some places, they are …

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German Industry: US Tariffs Risk Hurting US

German industry groups warned Sunday, ahead of a meeting between European Commission President Jean-Claude Juncker and U.S. President Donald Trump, that tariffs the United States has recently imposed or threatened risk harming the U.S. itself. The U.S. imposed tariffs on EU steel and aluminum June 1, and Trump is threatening …

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Fiat Chrysler Names Jeep Boss to Replace Stricken CEO

Fiat Chrysler named on Saturday its Jeep division boss, Mike Manley, to take over immediately for Chief Executive Sergio Marchionne, who is seriously ill after suffering major complications following surgery. The carmaker said British-born Manley, who also takes responsibility for the North America region, will push ahead with the midterm …

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Tariffs Will Hurt Economy, IMF Warns, as Trump Threatens More

The International Monetary Fund warned world economic leaders on Saturday that a recent wave of trade tariffs would significantly harm global growth, a day after U.S. President Donald Trump threatened a major escalation in a dispute with China. IMF Managing Director Christine Lagarde said she would present the G-20 finance ministers and central bank governors meeting in …

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Facebook Suspends Another Analytics Firm

Facebook says it has suspended working with Boston-based analytics firm Crimson Hexagon until it can determine how the firm collects and shares Facebook and Instagram user data. Facebook announced the suspension Friday. The Wall Street Journal was the first to report the suspension and said that one of Crimson Hexagon’s …

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US Senators Drop Efforts to Cripple China’s ZTE

U.S. Republican lawmakers have dropped their efforts to reimpose a crippling ban on exports to the Chinese telecommunications giant ZTE.  The move Friday gives a victory to U.S. President Donald Trump who has championed for ZTE to stay in business.  Republican senators Friday dropped legislation that would block ZTE from …

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Trump Amps Up Criticism of Fed Rate Hikes

U.S. President Donald Trump on Friday dug in on his criticism of the Federal Reserve’s policy on raising interest rates, saying it takes away from the United States’ “big competitive edge,” and lamented the strength of the U.S. dollar. Trump, in posts on Twitter, also accused the European Union and …

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Trump Ready to Hit All Chinese Imports With Tariffs

President Donald Trump has indicated that he’s willing to hit every product imported from China with tariffs, sending U.S. markets sliding before the opening bell Friday.   In a taped interview with the business channel CNBC, Trump said “I’m willing to go to 500,” referring roughly to the $505.5 billion …

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WhatsApp Makes Changes in India After Deadly Attacks

WhatsApp has announced changes for its 200 million users in India following the spread of viral messages via the app that resulted in deadly mob attacks. India’s government has threatened to take WhatsApp to court, saying “…the medium used for such propagation cannot evade responsibility and accountability.”  The information technology …

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China Boosts Liquidity as Trade War Threatens Economy

Chinese policymakers are pumping more liquidity into the financial system and channeling credit to small- and medium-sized firms, and Beijing looks set to further loosen monetary conditions to mitigate threats to growth from a heated Sino-U.S. trade war. The world’s second-biggest economy has started to lose momentum this year as …

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US Seen Receiving Frosty Reception at G-20 Meeting

The financial leaders of the world’s 20 biggest economies meet in Buenos Aires this weekend for the first time since long-simmering trade tensions burst into the open when China and the United States put tariffs on $34 billion of each other’s goods. The United States will seek to persuade Japan and the European Union to …

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Trump Slams Record EU Fine Against Google

President Donald Trump lashed out Thursday after Brussels hit US tech giant Google with a record fine, and warned he would no longer allow Europe to take “advantage” of the United States. “I told you so! The European Union just slapped a Five Billion Dollar fine on one of our …

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