• Data Sheet-The Backlash Against Tech ‘Triumphalism' in China

    2 monthes ago - By Fortune

    The U.S.-China trade war has rekindled the old debate about whether China is capable of genuine technological innovation. This time around, though, some of the most strident skeptics of China's achievements are Chinese.
    An early sign of the turnabout came in April, after the Trump administration slapped a ban on U.S. sales to ZTE, China's second-largest telecommunications manufacturer. To many in China, the ban was a kind of “ Sputnik moment ” because it revealed that one of China's proudest tech leaders was almost entirely dependent on American microchips.
    In the wake of the ZTE ban...
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  • Chinese exports accelerate even as Trump escalates trade war

    2 monthes ago - By Reuters

    China's exports surged more than expected in July despite U.S. duties and its closely watched surplus with the United States remained near record highs, as the world's two major economic powers ramped up a bitter dispute that some fear could derail global growth. David Pollard reports.
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  • World shares hold at one-week high, sterling's slide gathers pace

    2 monthes ago - By Reuters

    Robust U.S. earnings and expectations of additional stimulus from Beijing supported world shares at one-week highs on Wednesday but a selloff in Britain's pound gathered steam over mounting concerns for the country's outlook.
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  • Stock futures flat as trade fears counter strong earnings

    2 monthes ago - By Reuters

    U.S. stock index futures were flat on Wednesday, as escalating trade tensions between the United States and China overshadowed a strong showing for corporate earnings.
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  • China, Germany defend business with Iran in face of U.S. threats

    2 monthes ago - By Reuters

    China and Germany defended their business ties with Iran on Wednesday in the face of President Donald Trump's warning that any companies trading with the Islamic Republic would be barred from the United States.
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  • World stocks edge up amid corporate news, US-China spat

    2 monthes ago - By Chron

    BANGKOK - World stock markets mostly rose Wednesday as investors focused on corporate news and looked past the U.S. decision to follow through with plans to put higher tariffs on $16 billion in Chinese exports.
    KEEPING SCORE: In Germany, the DAX was up 0.3 percent to 12,688, while France's CAC 40 was about flat at 5,525. Britain's FTSE 100 gained 0.9 percent to 7,787, driven by a drop in the pound, which helps the country's main exporters and multinationals. Sentiment was also driven by higher earnings at commodities trader Glencore, suggesting the industry is recovering from years of...
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  • U.S. sanctions threat hurts Russian banks, rouble

    2 monthes ago - By Reuters

    The rouble weakened and shares in Russia's top lenders Sberbank and VTB fell on Wednesday after the Kommersant daily said they could be banned from operating in the United States under proposed U.S. sanctions legislation.
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  • Bumper U.S. earnings, China stimulus hopes keep world shares at one-week high

    2 monthes ago - By Reuters

    World shares held near one-week highs on Wednesday, supported by robust U.S. earnings and expectations of additional stimulus from Beijing that could temper the impact of China's simmering trade dispute with the United States.
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