Business & Finance News
The daughter of Chinese tech giant Huawei’s founder has been arrested in Canada and is facing extradition to the United States, dealing a blow to hopes of any easing of Sino-U.S. trade tensions and rocking global stock markets.
Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.
OPEC and Russia moved closer on Wednesday to agreeing cuts in oil production from next year despite pressure from U.S. President Donald Trump to reduce the price of crude.
U.S. stock investors are wary that a 30 percent slump in oil prices will pressure corporate profits while also presenting a sign of weakness in global growth at a time they are already weighing when the long economic expansion will end.
Nissan Motor Co has found more cases of improper testing of vehicles in Japan and is considering recalling affected cars, the Nikkei reported on Thursday.
Canada has arrested Chinese telecoms giant Huawei’s global chief financial officer in Vancouver, where she is facing extradition to the United States, Canada’s Department of Justice said on Wednesday.
The Australian parliament’s lower house passed a bill to force tech firms such as Alphabet Inc’s Google , Facebook and Apple to give police access to encrypted data on Thursday, pushing it closer to becoming a precedent-setting law.
The Australian parliament’s lower house passed a bill to force tech firms such as Alphabet Inc’s Google , Facebook and Apple to give police access to encrypted data on Thursday, pushing it closer to becoming a precedent-setting law.
Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.
China’s embassy in Canada criticized Canada and the United States on Thursday for wrongfully arresting a senior executive at Chinese telecoms giant Huawei [HWT.UL] and demanded her immediate release.
Uber Technologies Inc’s is plotting the return of its self-driving cars, but the company known for its hard-charging style is taking a much more conservative approach as it tries to recover from a fatal accident that upended its autonomous vehicle program.
The summit between President Xi Jinping and his U.S. counterpart Donald Trump in Argentina was “friendly and candid” and would help to avoid further trade tensions, a senior Chinese diplomat said on Thursday, but offered no new details on the talks.
Oil prices dipped on Thursday in tepid trading ahead of a meeting by producer group OPEC that is expected to result in a supply cut aimed at draining a glut that has pulled down crude prices by 30 percent since October.
General Motors Co Chief Executive Mary Barra on Wednesday vowed to keep an “open mind” about the future of an Ohio plant that will lose vehicle production, but warned the Detroit automaker has excess capacity and did not suggest the company was reconsidering the plan.
China’s embassy in Canada said that it resolutely opposes the arrest of Meng Wanzhou, global chief financial officer of Chinese telecommunications network equipment Huawei and has made solemn representations to Canada and the United States.
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