Beijing has developed a new “landing ship” that could be used in future wars involving islands, Chinese media reported Thursday. That news follows a Reuters report last month that a Chinese official threatened the communist nation would invade Taiwan if a U.S. warship visited the self-ruling island. Also, Chinese state media recently have played up […]
Read moreAmericans are living in a political “bubble” by personalizing their respective media streams, according to former President Barack Obama. People who watch Fox News are “living on a different planet” than individuals who listen to National Public Radio, the 56 year-old told David Letterman in a November interview that was released Friday under the veteran […]
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German coalition party leaders reportedly reach breakthrough in talks to form a government
Coalition party leaders in Germany have reached a breakthrough in talks to form a new government, according to Reuters who cited party sources. Germany’s Chancellor Angela Merkel entered into talks with a rival party earlier this week in a last-ditch effort to form a coalition government. This after months of political uncertainty and deadlock in […]
Read moreChina reprimanded three top tech firms on Friday over poor privacy protections, as tech companies face an increasing backlash from consumers and authorities over excessive data collection practices. Alibaba Group Holding Ltd payment affiliate Ant Financial, search firm Baidu Inc and Beijing Bytedance Technology Co, which oversees popular news feed app Jinri Toutiao, were named […]
Read moreGucci-owner Kering plans to spin off German sports brand Puma to the French conglomerate’s shareholders to focus squarely on its luxury brands. Kering said on Thursday it planned to distribute 70 percent of Puma shares to its investors, leaving it with only a 16 percent stake, confirming an exclusive Reuters report. Puma shares were down […]
Read moreEuropean stocks are set to open higher Friday morning as investors watch out for new earnings and data. The FTSE 100 is seen up by 3 points at 7,764; the DAX is expected to start 52 points higher at 13,250 and the CAC 40 is set to open up by 17 points at 5,506, according […]
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Trump says his London trip is off because he doesn't like the embassy building
President Donald Trump canceled a trip to the new U.S. embassy in London, claiming that it was because he’s “not a fan” of the building. The move allows Trump to sidestep widespread protests that were planned for him. He disparaged the new U.S. embassy in Nine Elms in a Late Thursday Twitter post. “I’m not […]
Read moreChina’s 2017 trade surplus with the U.S. was $275.81 billion, the country’s customs data showed Friday, according to Reuters. By that data, last year’s surplus is a record high, the wire service reported. For comparison, the previous record was a surplus of $260.8 billion in 2015. The world’s second-largest economy had a surplus of $25.55 […]
Read moreGerman Chancellor Angela Merkel’s conservative party grouping and Social Democrats (SPD) toiled deep into the night on Thursday to overcome differences on tax cuts and other issues that threatened to block a new “grand coalition” government. Negotiators, who have vowed to reach a decision by Friday on whether to launch formal coalition talks, predicted many […]
Read moreChina on Friday reported a sharp drop in trade with North Korea in 2017. The overall trade between the two countries for the year fell 10.5 percent compared to 2016. For the month of December, the change was even more dramatic: Overall trade for that month fell 50.6 percent from the same period in 2016. […]
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