Apple could be used as a ‘bargaining chip’ by China in trade war with US, its media warns

Apple has benefited from cheap labor and a strong supply chain in China and needs to share more of its profit with the Chinese people or face “anger and nationalist sentiment” amid the ongoing trade war, an article in the state-backed People’s Daily warned Tuesday. The article originally appeared in another state-backed publication, Global Times, […]

US , EU agreed to work towards zero tariffs, zero non-tariff barriers and zero subsidies

US President Donald Trump and European Commission chief Jean-Claude Juncker on Wednesday agreed on a plan to defuse the festering trade dispute between the two major economies. The agreement, though short on details, means Washington will not follow through with a threat to impose tariffs on autos, which would hurt the dominant German car industry. […]

BITCOIN suffering additional losses as downward trend continues

Bitcoin prices followed a bearish trend this week, pushing lower and suffering additional losses. The world’s largest digital currency by market value has been experiencing a steady, downward trend since late last year, when it hit an all-time high of close to $20,000 on the CoinDesk Bitcoin Price Index (BPI). “We have crossed over into bear market […]

Iran Looks To Barter Oil As U.S. Sanctions Bite

By Tsvetana Paraskova Faced with the return of U.S. sanctions, Iran is studying a revival of a plan to barter crude oil for goods, possibly resuming the scheme that it used to try to blunt the impact of the previous round of sanctions between 2012 and 2016. Unable to bring in U.S. dollars and euros […]

U.S Stock Futures Turn Red, Dollar Dips as Trump Details Kim Summit Expectations

U.S. stock futures drifted lower Tuesday, while global markets pared gains and the dollar eased, as President Donald Trump spoke to the media and detailed his historic meeting with North Korean leader Kim Jong Un after signing a ‘comprehensive’ agreement to continue discussions that would lead to the denuclearization of the Korean peninsula. The two […]

Bitcoin mining thief flees Iceland on flight carrying PM: state broadcaster

An Icelandic man arrested on suspicion of stealing about 600 computers used to mine the cryptocurrency Bitcoin escaped prison and fled the country on a commercial flight to Sweden, Icelandic state broadcaster RUV said on Wednesday. The same Icelandair flight was also taking Icelandic Prime Minister Katrin Jakobsdottir to a meeting with Indian Prime Minister […]

US targets heart of China’s economic blueprint, AP

President Donald Trump’s threat to hike tariffs on technology imports from China strikes at the heart of Beijing’s state-led blueprint for prosperity and restoring the nation’s greatness. For four decades, China has leaned on foreign companies to hand over technology — or help potential Chinese rivals develop their own — in exchange for market access. […]