SEOUL (REUTERS) – The United States government is lobbying South Korea not to use Huawei Technologies Co products, a South Korean newspaper reported on Thursday (May 23), amid a wider push by Washington to get its allies to reject the Chinese tech firm’s goods. In one incident, a US State Department official said in a […]
KASHGAR, CHINA (NYTIMES) – A God’s-eye view of Kashgar, an ancient city in western China, flashed onto a wallsize screen, with colourful icons marking police stations, checkpoints and the locations of recent security incidents. At the click of a mouse, a technician explained, the police can pull up live video from any surveillance camera or […]
NEW YORK (Reuters) – The Federal Reserve may consider tweaking how much it pays mortgage agencies, money market funds and other non-banks in certain Treasury-backed transactions, the U.S. central bank’s minutes released on Wednesday showed. The minutes also showed that the Fed’s current patient approach to setting monetary policy could remain in place “for some […]
NEW YORK (Reuters) – The Federal Reserve may consider tweaking how much it pays mortgage agencies, money market funds and other non-banks in certain Treasury-backed transactions, the U.S. central bank’s minutes released on Wednesday showed. The minutes also showed that the Fed’s current patient approach to setting monetary policy could remain in place “for some […]
NEW YORK (Reuters) – Federal Reserve officials trying to shore up their arsenal to defend the economy in the next U.S. recession received a warning about one approach they have been considering. Plans to hold more short-term bonds to prepare for a downturn could create risks of its own, Fed staff told policymakers, according to […]
Foreign Affairs panel sends resolution to House that condemns Saudi Arabia’s imprisonment of women’s rights activists. Washington, DC – A committee of the US House of Representatives has advanced a resolution condemning Saudi Arabia’s imprisonment of 11 women’s rights activists facing trial for political activism. The House Foreign Affairs Committee voted to approve and send […]
One of the biggest storms to hit the Indian Ocean tears down trees, cuts off power and water amid a massive evacuation. A powerful cyclone has lashed coastal areas of eastern India with torrential rain and winds gusting up to 200km an hour, killing at least three people and forcing a million others to look for safe […]
NEW YORK (Reuters) – Global equity markets slid on Wednesday as investors sought safety in bonds, the Japanese yen and Swiss franc amid renewed worries over the U.S.-China trade standoff after reports the United States has another Chinese tech firm in its sights. Relief over Washington’s temporary relaxation of curbs against China’s Huawei Technologies Co […]
Over the past few months, it seems, North Korea’s propaganda has been changing its tune. Banners and posters displayed across the capital and other towns have typically featured the US as a brutal imperialist aggressor and South Korea or Japan as Washington’s willing allies. But visitors to the country say they’ve seen those posters replaced […]
NEW YORK (Reuters) – The U.S. dollar held near a one-month high on Wednesday amid heightened trade tensions between the United States and China and ahead of the release of Federal Reserve meeting minutes which may provide more clues on why the central bank stood pat on interest rates earlier this month. At its May […]