User: newstrust Topic: Business
Category: Global Economy :: China and Global Economy
1 new since Jul 17 2019 22:09 IST RSS 2.0
 
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Noam Chomsky: “Worship of Markets” Is Threatening Human Civilization 17.7.2019 Truthout.com
We need a government of, by and for the people to replace the prevailing stance, says the world-renowned thinker.
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How immigrants give American companies a powerful boost against Chinese rivals 17.7.2019 Raw Story
The ongoing trade war is the most visible front in America’s struggle with China for global influence. Oddly, it may be immigration policy, as much as tariffs and trade deals, that determines which country prevails. That’s because American competitiveness in foreign markets is a key battlefield in the struggle. And while the U.S. has long […]
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Trump’s China tariffs won’t even pay for the bailout to farmers hurt by his trade war 17.7.2019 Raw Story
The revenues raised by President Trump’s tariffs on China are not even enough to cover the cost of bailing out farmers hit hardest by his trade war. “We’ve taken in tens of billions of dollars in tariffs from China,” Trump told reporters Monday. He previously vowed that he would raise so much money from the […]
Qualcomm gets U.S. support to pause FTC antitrust ruling 17.7.2019 LA Times: Business

The Trump administration urged a federal appeals court to put on hold an order that would force Qualcomm Inc. to change how it licenses its patents.

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Iran Says It's Just Helping Missing Oil Tanker The U.S. Reportedly Thinks It May Have Taken 17.7.2019 Newsweek Top Stories
UAE oil tanker Riah disappeared Saturday in the Persian Gulf, now Iran says its rendering assistance to such an international vessel.
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China Says Donald Trump Wrong on Trade and Not Even Americans Support Him 17.7.2019 Newsweek Top Stories
A Chinese Foreign Ministry spokesperson said "China is not the only one that wants to conclude a trade deal," but "the U.S. wants it too."
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Donald Trump 'Cannot Accept Reality,' Chinese Media Says in Response to President's Celebration of Trade War Impact 16.7.2019 Newsweek Top Stories
China announced this week that its quarterly economic growth had dipped to the lowest level since 1992.
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China startup deals shrink as fundraising for investors plummets 16.7.2019 TechCrunch
Chinese startups continue to weather tough times as private investors, caught in a cash crunch, are concentrating money into fewer deals. China’s deal-making activity for startups in the six months ended June halved from a year ago to 1910, according to data from consulting firm ChinaVenture’s research arm. The amount invested in domestic startups during […]
US manufacturing sinks into recession amid Trump’s trade wars 16.7.2019 Raw Story
US manufacturing sunk into recession in June after two consecutive quarters of declines amid President Donald Trump’s bitter trade wars, a slowdown in China and other trading partners. The decline comes as the United States enters its 11th year of economic recovery and occurs despite Trump’s constant pledges to restore America to manufacturing greatness — […]
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Beijing rebuffs Trump claims over economic slowdown 16.7.2019 Raw Story
China on Tuesday rejected claims from US President Donald Trump that it is being forced to make a trade deal because of its slowing economy, as the two sides prepare for more talks. Beijing and Washington have been locked in a stormy trade war that has seen them hit each other with tariffs covering more […]
U.S. Claims to Have International Support Against Iran Nuclear Deal, It Does Not 16.7.2019 Newsweek Top Stories
The U.S. claimed to have support from China, which said "that the 'maximum pressure' exerted by the U.S. is the root cause of the recent crisis" with Iran.
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Sens. Cruz, Hawley Demand Investigations of Big Tech 16.7.2019 NewsBusters
Key Republican leaders have called for action from the FTC, accusing Big Tech companies of threatening democracy. Senators Ted Cruz of Texas and Josh Hawley of Missouri put Big Tech companies on notice by pressing the Federal Trade Commission via a July 15 open letter to investigate them for hacking American democracy. "They control the ads we see, the news we read, and the information we digest," they wrote. "And they actively censor some content and amplify other content based on algorithms and intentional decisions that are completely ...
Here are 5 of Trump’s most unhinged moments as his ‘Showcase to America’ descended into absurdity 16.7.2019 Raw Story
President Donald Trump reiterated his familiar protectionist and “America first” themes on Monday during his Made in America Showcase, bragging about tariffs imposed on other countries and claiming that under his watch, manufacturing jobs are returning to the United States in a big way. But Trump wasn’t content to merely discuss his economic and trade policies. […]
Trump’s Fixation on Intellectual Property Rights Serves the Rich 15.7.2019 Truthout.com
Increased enforcement benefits the already-wealthy owners of intellectual property claims.
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China’s growth slides to lowest level in 26 years amid U.S. tariff war 15.7.2019 LA Times: Business

China's economic growth sank to its lowest level in at least 26 years in the quarter ending in June, adding to pressure on Chinese leaders as they fight a tariff war with Washington.

The world's second-largest economy grew 6.2% over a year ago, down from the previous quarter's 6.4%, government...

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Daily Digest: Trump picks feud with Omar 15.7.2019 Minnesota Public Radio: Law & Justice
A roundup of news about Minnesota politics.
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China's economy grows at slowest pace since 1990s 15.7.2019 BBC: Front Page
China's economy has been slowing despite Beijing's efforts to boost spending and cut taxes.
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W(hy)TF are Japan and South Korea in a trade war? 13.7.2019 TechCrunch
Another week, another trade war. And unlike most trade wars these days, this one didn’t originate from the confines of the Rose Garden with the Marine One whirlybird in the background. No, like any Ice Bucket Challenge-worthy meme, others are getting in on the trade war bandwagon and making it their own. Cue Japan and […]
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A black market in wildlife trafficking thrives on Facebook and Instagram 12.7.2019 LA Times: Business

Ali Ahamed’s black satchel was overflowing with turtles, their tiny heads poking out. Just a few feet away, on the hotel room floor, roughly 20 larger turtles with dark brown shells were removed from black suitcases and flipped onto their backs to keep them from crawling under the couch.

Ahamed...

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China to Cut Ties to U.S. Businesses Selling Weapons to Taiwan: 'Cancel the Arms Sales Immediately' 12.7.2019 Newsweek Top Stories
The U.S. has approved the sales of $2.2 billion worth of M1A2T Abrams Tanks and Stinger man-portable air defense systems to Taiwan, which China claims as part of its territory.
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