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Trump: China talks disappoint

posted: 05/23/2018 2:07 a.m. Comment 1

President Donald Trump said he is "not really" pleased with the results of U.S. trade talks with China so far as some of his loyalists attacked his retreat from threatened tariffs as a betrayal of his populist campaign promises.

EU lawmakers grill Zuckerberg

posted: 05/23/2018 2:06 a.m. Discuss

European lawmakers pilloried Mark Zuckerberg at a hearing Tuesday for Facebook's recent privacy and misinformation mishaps and raised the possibility of new regulation, a more realistic threat than what the social media giant faces in the United States.

Airlines give in to China's Taiwan order

posted: 05/23/2018 2:01 a.m. Discuss

Global airlines are obeying Beijing's demands to refer to Taiwan explicitly as a part of China, despite the White House's call this month to stand firm against such "Orwellian nonsense." The Associated Press found 20 carriers, including Air Canada, British Airways and Lufthansa, that now refer to Taiwan, the self-ruled island that Beijing considers Chinese territory, as a part of China on their global websites.

China cutting auto import taxes as of July 1

posted: 05/22/2018 11:54 a.m. Discuss

BEIJING — China said Tuesday it will reduce auto import duties effective July 1 following pledges to buy more U.S. goods and end restrictions on foreign ownership in the industry.

Brits call business a partner to Russia

posted: 05/22/2018 1:48 a.m. Discuss

LONDON -- The British Parliament's foreign affairs committee slammed the government Monday for "turning a blind eye" to the role London's financial center plays in laundering the proceeds of Russian corruption, saying it helps the Kremlin finance its aggressive foreign policy.

Unlikely to block Comcast's Sky move, U.K. official says

posted: 05/22/2018 1:48 a.m. Discuss

LONDON -- Britain's culture secretary said Monday that he was unlikely to block the U.S. cable giant Comcast's proposed takeover of the British satellite broadcaster Sky, the latest twist in a merger battle between Comcast and Rupert Murdoch's 21st Century Fox.

EU law leaves firms scrambling

posted: 05/22/2018 1:46 a.m. Discuss

LONDON -- Lisa Meyer's hair salon is a cozy place where her mother serves homemade macaroons, where children climb on chairs and customers chat above the whirring of hairdryers.

Mnuchin says US and China putting trade war on hold

posted: 05/20/2018 11:41 a.m. Comment 1

WASHINGTON — Treasury Secretary Steven Mnuchin said Sunday that the United States and China are stepping back from a possible trade war after two days of talks that produced "meaningful progress."

Canadian cannabis firms going multinational

posted: 05/20/2018 1 a.m. Discuss

Countries like Spain, Italy, and Colombia are likely the next growth opportunities for Canadian cannabis companies after a flurry of consolidation at home.

Battered survey firm to dissolve

posted: 05/19/2018 2:03 a.m. Discuss

Jennifer and Rebekah Mercer, daughters of Republican mega-donor Robert Mercer, are liquidating Cambridge Analytica, the troubled data collection agency that worked for President Donald Trump's 2016 election campaign and caused a global Facebook privacy scandal in recent months.

China offered to cut trade gap by $200B, Trump adviser says

posted: 05/19/2018 1:59 a.m. Discuss

China offered to reduce its trade surplus with the U.S. by "at least $200 billion" in talks to head off a possible trade war, the director of the White House National Economic Council said.

Be fair, lawmakers urge Xi adviser

posted: 05/17/2018 2:05 a.m. Discuss

U.S. lawmakers on Wednesday pressed Chinese President Xi Jinping's top economic adviser to stop what they called unfair trading practices as the two nations try to step back away from the brink of a trade conflict.

Turk in bank plot for Iran let off easy by federal judge

posted: 05/17/2018 2 a.m. Discuss

A senior banker at one of Turkey's largest banks got a break from a U.S. judge, who sentenced him to fewer than three years in prison for aiding an Iranian plot to evade sanctions and launder $1 billion in oil revenue through the U.S. financial system.

Business news in brief

updated: 05/17/2018 1:56 a.m. Discuss

Walmart set to release 1Q results today

Trump company's Indonesia project gets Chinese government partner

posted: 05/16/2018 noon Comments 3

NEW YORK — A Chinese government-owned company has signed on to build a theme park in a vast development in Indonesia that also features a Trump hotel and condos, a deal that stands to benefit President Donald Trump's company just as top Chinese envoys head to Washington for trade talks.

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