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Updated: 8 hours 28 min ago

Treat us like something between a telco and a newspaper, says Facebook's Zuckerberg

Sun, 02/16/2020 - 09:22
Online content should be regulated with a system somewhere between the existing rules used for the telecoms and media industries, Facebook CEO Mark Zuckerberg told global leaders and security chiefs on Saturday.

U.S. relaxes restrictions on U.S. civilian flights over Gulf

Sun, 02/16/2020 - 07:56
The U.S. Federal Aviation Administration is allowing U.S. airlines to resume operations over large areas of the Gulf, saying that a lower military posture by Iran has reduced the threat of miscalculation or misidentification of civilian flights.

Libya faces financial crisis due to oil blockade - PM

Sun, 02/16/2020 - 07:54
Libya will face a financial crisis and a budget deficit in 2020 because of a blockade of oil terminals and oil fields by groups loyal to eastern-based commander Khalifa Haftar, the head of Libya's internationally recognized government said on Saturday.

UK post-Brexit rules to 'turn off tap' of low-skilled foreign labour

Sun, 02/16/2020 - 07:48
Britain will "turn off the tap" of foreign, low-skilled labour and require all skilled workers wishing to come to the country to have a job offer and meet salary and language requirements as it sets post-Brexit rules from next year.

U.S. weighs blocking GE engine sales for China's new airplane - sources

Sun, 02/16/2020 - 07:34
The U.S. government is considering whether to stop General Electric Co from continuing to supply engines for a new Chinese passenger jet, according to people familiar with the matter, casting uncertainty over China's efforts to enter the civil aviation market.

China issues measures to support manufacturers, businesses hit by coronavirus

Sat, 02/15/2020 - 20:17
China's banking and insurance regulator has announced new measures to support companies, manufacturers, and small and medium businesses that have been hard hit by the coronavirus epidemic.

China's finance ministry issues $1.2 billion in funds for epidemic control efforts

Sat, 02/15/2020 - 20:17
China's finance ministry on Saturday issued 8 billion yuan ($1.15 billion) in subsidy funds to support local authorities' epidemic control efforts, 3.5 billion yuan of which are earmarked for Hubei province, the epicentre of the outbreak.

Airbus regrets U.S. tariffs, hopes for change when WTO authorises EU retaliation

Sat, 02/15/2020 - 20:06
European aerospace group Airbus said on Saturday it deeply regretted the U.S. decision to increase tariffs on aircraft imported from the European Union and said it would hurt U.S. airlines and their customers.

Rebuffed by UK, U.S. pitches 'big tent' for Huawei rivals in Europe

Sat, 02/15/2020 - 19:35
The United States is seeking to rally European support for competitors to Huawei Technologies following disappointment in Washington over Britain's decision to use 5G equipment made by the Chinese company.

Vodafone assesses payment to India in dispute over dues

Sat, 02/15/2020 - 19:01
Vodafone Idea Ltd said on Saturday it was assessing how much it would pay the Indian government as part of dues owed and said it proposed making a payment in the next few days.

Amazon, Flipkart seek rollback of new Indian tax on online sellers

Sat, 02/15/2020 - 16:09
Amazon and Walmart's Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to documents seen by Reuters.

West Karoun oilfields production up five-fold in past six years - Iran oil minister

Sat, 02/15/2020 - 14:32
Oil production at the West Karoun oilfields in southwest Iran has increased five-fold in the past six years, Iran's Oil Minister Bijan Zanganeh said on Saturday, according to the news site of the oil ministry SHANA.

China's central bank says lenders to tolerate higher bad loans to support virus-hit firms

Sat, 02/15/2020 - 11:34
China's central bank said on Saturday that the country's lenders will tolerate higher levels of bad loans, part of efforts to support firms hit by the coronavirus epidemic.

Investors bet emerging markets will weather coronavirus impact

Sat, 02/15/2020 - 11:13
Investors are edging back into emerging markets, even though worries about the coronavirus' impact on global economic growth have clouded prospects for the boom-and-bust asset class.

EU launches anti-dumping investigation on China aluminium products

Sat, 02/15/2020 - 11:10
The European Commission has opened an investigation into whether China is dumping aluminium extrusions, products widely used in transport, construction and electronics, in the European Union, it said on Friday.

China says to support firms to resume production as soon as possible

Sat, 02/15/2020 - 08:51
China will help companies resume production as soon as possible, the vice governor of the central bank said on Saturday.

White House economic adviser says coronavirus outbreak could 'maybe' impact U.S. GDP in first quarter

Sat, 02/15/2020 - 08:09
White House economic adviser Larry Kudlow said on Friday the coronavirus outbreak in China could "maybe" knock two- to three-tenths of a percent off U.S. GDP in the first quarter.

U.S. raises tariffs on European aircraft in ongoing dispute over subsidies

Sat, 02/15/2020 - 07:25
The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies.

Highlights of the 16-year Airbus, Boeing trade war

Sat, 02/15/2020 - 06:51
The U.S. government on Friday raised tariffs on aircraft imported from the European Union, ratcheting up pressure on the EU to resolve an epic 16-year-old dispute over support for airplane makers, and raising the stakes in broader talks to reach a U.S.-EU trade deal.

Injured by China's trade practices? Call 202-395-3900, USTR says

Sat, 02/15/2020 - 06:43
The U.S. Trade Representative's office said on Friday it has established a dispute resolution office and complaint hotline to enforce President Donald Trump's "Phase 1" trade deal with China, which takes effect on Saturday.