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US-China trade talks resume in Washington from Tuesday: W. House

WASHINGTON : US-China trade talks aimed at ending a damaging tariff war will resume from Tuesday in Washington, the White House has announced. The last set of talks ended Friday in Beijing with no deal, though US President Donald Trump said the discussions were going “extremely well”...

Japan’s Honda to shut UK plant, 3,500 jobs at risk

TOKYO : Honda announced Tuesday it would shut a major plant in Britain, putting 3,500 jobs at risk as the auto manufacturer became the latest Japanese firm to downsize operations as Brexit looms. The factory in Swindon, southwest England, is Honda’s only EU plant and has produced the...

16 states sue Trump over emergency wall declaration

SACRAMENTO :  California and 15 other states filed a lawsuit Monday against President Donald Trump’s emergency declaration to fund a wall on the U.S.-Mexico border. California Attorney General Xavier Becerra released a statement Monday saying the suit alleges the Trump...

Huawei’s founder says world can’t live without it

BEIJING : The founder of Chinese telecom giant Huawei has hit back at US efforts to blacklist the company, saying defiantly that the world cannot do without Huawei and its “more advanced” technology.
“There’s no way the US can crush us,” Ren Zhengfei said in an...

HSBC pre-tax profit up 16% at $19.9 bn in 2018

HONG KONG : Banking giant HSBC said on Tuesday that pre-tax profit rose 16 percent to $19.9 billion last year with growth across its global businesses despite a “challenging external environment in the fourth quarter”.
The results capped the first full year at the helm of the...

Yemen sides agree deal on first pullback: UN

UNITED NATIONS, United States :Yemen’s government and Huthi rebels have agreed on the first phase of a pullback of forces from the key city of Hodeida, in a deal the United Nations described Sunday as important progress. The redeployment from Hodeida is a critical part of a ceasefire deal...

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