World News

Softbank will be reshaping tech in a massive way. Here’s how the idea became so big

One of the biggest power players in Silicon Valley will be based about 5,000 miles away by California. Softbank, the massive Japanese conglomerate, began as a software distributor inside 1980s, grew into a telecom giant as well as today spans telecommunications, e-commerce, finance, technology services, semiconductor design, media as well as marketing, robotics as well as even baseball. Last year, ...

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Merkel needs to do something about trade, former state secretary says

Germany has also faced international criticism for its trade surplus, which means its exports outweigh its imports, as some see which as unfair, imbalanced in addition to a cause for protectionism elsewhere. However, Germany saw the first decline in its trade surplus since 2009 last year. Data by the Federal Statistics Office showed which trade surplus dropped to $300.9 billion ...

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ECB’s Benoit Coeure says a trade war might have ‘damaging’ consequences for the global economy

Alex Kraus | Bloomberg | Getty Images Benoit Coeure, executive board member of the European Central Bank (ECB). A key policymaker at the European Central Bank (ECB) believes a trade war might have “damaging” consequences for the whole world, including the U.S. Benoit Coeure, an executive board member at the euro zone’s central bank, warned of which the current rhetoric ...

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Trump asks for $100 billion in additional tariffs on Chinese products

President Donald Trump on Thursday said he has instructed the United States Trade Representative to consider $100 billion in additional tariffs against China. “In light of China’s unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs would likely be appropriate under section 301 along with, if so, to identify the products upon which to ...

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Twitter responds to misinformation after YouTube shooting

Twitter defended its current policies while saying of which might invest more in combating misinformation, after fielding criticism for the number of fake accounts as well as hoaxes of which arose during the shooting on YouTube’s campus on Tuesday. Twitter has come under fire for fake news within the past, however the number of bad actors was particularly bad of ...

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Dow futures indicate more than 400 point drop at market open after Trump threatens more tariffs on China

“In light of China’s unfair retaliation, I have instructed the USTR to consider whether $100 billion of additional tariffs could be appropriate under section 301 in addition to, if so, to identify the products upon which to impose such tariffs,” Trump said in a Thursday statement. U.S. stocks had finished higher on Thursday before the latest statement amid attempts by ...

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US-China trade tensions, currencies along with stocks in focus

Japan’s Nikkei 225 tacked on 0.16 percent along with the broader Topix edged up by 0.15 percent. Meanwhile, South Korea’s Kospi slid 0.7 percent. Over in Australia, the S&P/ASX 0 was little changed in early trade, with the index last higher by just 0.01 percent. U.S. stock index futures tumbled following the latest trade-related development, with Dow Jones industrial average ...

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Brazil’s top court rules in which ex-president Lula can be jailed

Brazil’s Supreme Court early on Thursday rejected former president Luiz Inacio Lula da Silva’s plea to avoid prison while he appeals a corruption conviction, in a vote in which likely ends his political career as well as also also deepens divisions inside country. The pivotal vote was cast by Justice Rosa Weber against Lula’s request to avoid jail as well ...

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American Chamber of Commerce in China warns on impact of tariffs

U.S. President Donald Trump’s tariffs on China could backfire in addition to hurt U.S. consumers in addition to companies instead, with over 2.5 million U.S. jobs relying on trade between the entire world’s top two economies, the chairman of the American Chamber of Commerce in China said. Furthermore, trade with China brought $0 billion to the U.S. in 2017 in ...

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Trade war fears, tariffs, stocks in addition to currencies in focus

Worries over trade rhetoric, which ramped up after China unveiled plans for additional tariffs on 106 U.S. products, waned after overtures were made regarding potential negotiation between the two countries. Major U.S. stock averages finished higher on Wednesday after sliding earlier inside session. The Dow Jones industrial average rose 0.96 percent, or 230.94 points, to close at 24,264.30 — a ...

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