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Pompeo Says Sanctions to Remain Until N. Korea Denuclearizes

Jun.11 — The U.S. will keep economic sanctions in place until North Korea eliminates its nuclear weapons capability, Secretary of State Mike Pompeo said at a news conference in Singapore, delivering a
stern message to Pyongyang ahead of Tuesday’s historic summit between President Donald Trump and Kim Jong Un. …read more […]

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Apple and Qualcomm’s Multibillion-Dollar Legal Dispute Gets Serious

After more than a year of vicious accusations and a flurry of lawsuits and counter claims, Apple Inc. and Qualcomm Inc.’s multibillion-dollar legal dispute is about to get serious. Hearings in the three most important markets — the U.S., China and Germany — will soon determine whether Apple’s attempt to save itself billions in technology licensing payments by forcing one of the world’s biggest chipmakers to change the way it does business is legal. Apple may be the hook for $2.5 billion to $4.5 billion in unpaid fees, based on estimates for the amount per phone the company …read more […]

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‘Fair trade, fool trade’, Trump’s tweets spew ire on NATO allies, Trudeau

The escalating clash over trade between Washington and some of its closest global partners cast a cloud over Trump’s efforts to make history in nuclear talks in Singapore on Tuesday with Kim Jong Un of North Korea, one of America’s bitterest foes. Having left the Group of Seven summit in Canada early, Trump’s announcement that he was backing out of the joint communique torpedoed what appeared to be a fragile consensus on the trade dispute between Washington and its top allies. …read more […]

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Oil mixed as rising U.S., Russia supplies weigh while strong demand provides support

Oil prices were mixed on Monday, caught between the downward pull of rising Russian production and U.S. oil drilling activity at its highest since 2015, and upward pressure from strong demand, especially in Asia. Brent crude futures , the international benchmark for oil prices, were at $76.50 per barrel at 0215 GMT, up 4 cents from their last close. …read more […]

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What's at Stake in Trump-Kim Historic Summit in Singapore

Jun.10 — Choi Kang, vice president for research and a principal fellow at the Asan Institute for Policy Studies, and John Park, director of the Korea Working Group at Harvard University’s John F. Kennedy School of Government, talk about the upcoming meeting between President Donald Trump and North Korean leader Kim Jong Un. They speak with Yvonne Man and Ramy Inocencio on “Bloomberg Daybreak: Australia.” …read more […]

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Southwest Airlines shares could recover from recent descent: Barron's

Southwest Airlines Co shares could be poised to climb sharply after a series of setbacks hit the stock harder than that of other major airlines this year, Barron’s reports. Fewer people are now booking on the Dallas-based carrier, a slowdown Southwest said stemmed mainly from its own reduction in advertising after the tragedy, the first U.S. airline death since 2009, Barron’s said. Rising fuel prices and planned expansion by some rivals that could mean more competition have stoked fears about the sector, helping sending Southwest stock down 24 percent this year, the paper reported. …read more […]