Saturday, 17 November, 2018

US stocks slide on escalating US-China trade tension

The Chinese flag and the US Stars and Stripes fly on a lamp post along Pennsylvania Avenue near the US Capitol. Reuters  File The Chinese flag and the US Stars and Stripes fly on a lamp post along Pennsylvania Avenue near the US Capitol. Reuters File
Elsie Buchanan | 28 June, 2018, 02:11

China and the USA are engaged in a trade war over tariffs.

On the eve of Mattis' trip, Taiwan President Tsai Ing-wen told AFP in an interview that the global community needs to work together to "constrain China and also minimise the expansion of their hegemonic influence".

Beijing is also suspicious of USA intentions toward self-governing and democratic Taiwan, which is armed by the United States.

On Thursday, Xi informed a room of 20 American and European multinational chief executives of his plans to strike back against the U.S. According to sources inside the briefing room, Xi said, "In the West you have the notion that if somebody hits you on the left cheek, you turn the other cheek".

The defense secretary was expected to leave for Seoul on Thursday, where he would likely encounter questions about Trump's decision to halt joint military drills with South Korea. The U.S. military even withdrew an invitation to China to join a multinational naval exercise which will start during Mattis' visit, upsetting Beijing.

Mattis was handed a large bouquet of flowers as he walked off his plane in Beijing on Tuesday. Mattis said he sought "open dialogue" at a strategic level when he met with military officials in Beijing.

Europe and China will form a group aimed at updating global trade rules to address technology policy, government subsidies and other emerging complaints in a bid to preserve support for worldwide commerce, the vice president of the European Union's governing body said Monday.

"I'm going there to have a conversation".

"China takes a positive attitude to cooperation with the French side", Li said. Those briefed on this week's action said the Treasury limits will be rolled out in phases, meaning not all Made in China 2025 sectors will be covered at once.

The inexorable decline of the Turkish lira under Erdogan
AK Party supporters clogged a main road in the capital Ankara leading to party headquarters honking horns in celebration. Mr Ince, who won 30.6% of the presidential vote, warned that Turkey was heading down a path towards autocracy.


"And that assessment does not include any other countries".

Technology stocks bore the brunt of the damage.

U.S. defence strategists are broadly concerned by China's rapid advances in military technology and its increasing ability to project its offensive military might far into the Pacific and Indian Ocean regions, where the United States has been uncontested since World War II.

"China has no intention or ambition to challenge USA global influence". I'd like to have faith in the big guy, that it will all end like one of his scripts from his TV show, but the apprentice President might just have ruined a bull market that he helped to sustain.

Despite concerns about Trump's turbocharged reaction to China's technological advance, Triolo insists the result won't be "a zero-sum game".

In March, Trump directed Treasury Secretary Steven Mnuchin to devise a system that would limit Chinese investment "in industries or technologies deemed important to the United States".

"I believe that as long as both countries have this desire to meet each other halfway, there are no difficulties that can not be overcome", Lu said.

The defense chiefs of Seoul and Washington are also expected to discuss the North's repatriation of the remains of USA service members killed in the Korean War and issues regarding the suspension of U.S.

Recommended

  • Hamilton tops charts on first day of French GP practice

    Hamilton tops charts on first day of French GP practice

    McLaren still fared better than former champions Williams, who had Russian Sergey Sirotkin 19th and Canadian Lance Stroll 20th. Renault's Carlos Sainz was seventh fastest and Sauber's Charles Leclerc an eye-catching eighth.
    Harley-Davidson to shift production overseas as European Union  tariffs bite

    Harley-Davidson to shift production overseas as European Union tariffs bite

    While Trump has repeatedly claimed that the USA can win trade wars, victims are starting to pile up at home and overseas . With the European Union tariffs applied, the average cost of a bike faces an increase of around $2,200, it's calculated.
    Prince William in Israel as part of historic regional tour

    Prince William in Israel as part of historic regional tour

    Israel defines Jerusalem as its "eternal and indivisible" capital, while the Palestinians see east Jerusalem as the capital of their future state.
  • IOS 12 public beta: the best features

    IOS 12 public beta: the best features

    There's a lot to like about Apple's new update , but there are some reasons why you might want to keep your device on iOS 11 . However, it is still recommended to download the beta profile on a spare iOS device and not your primary iPhone or iPad.
    Mexico Proves It's No Fluke at World Cup

    Mexico Proves It's No Fluke at World Cup

    Mexico will clinch their place in the next round if Germany fail to beat Sweden in the other Group F game later on Saturday. Vela put Mexico ahead in the 26 on a penalty kick after the handball in the box by a South Korea defender .
    Eden Hazard heaps praise on Man United star

    Eden Hazard heaps praise on Man United star

    A huge roar goes out from the Belgium supporters as their national anthem is been sung, we are minutes away from the kick-off. The Manchester United striker took a touch, positioned himself before smashing a shot right in the corner of the net.
  • 'Stressed' Messi will be Argentina's main man, Zabaleta assures

    'Stressed' Messi will be Argentina's main man, Zabaleta assures

    As his team-mate, I can say without any doubts that we have always been a better team when he has been there. In short, if Argentina fail to beat Nigeria they will crash out of the World Cup .
    Federer saves two match points in Halle win over Paire

    Federer saves two match points in Halle win over Paire

    Coric had an easy day advancing when Roberto Bautista Agut retired at 2-3 with a hip injury. With this win, Federer extended his winning streak on the grass-court to 19 matches.
    Permit Patty: Woman 'calls police' on eight-year-old for selling water

    Permit Patty: Woman 'calls police' on eight-year-old for selling water

    She says that Jordan and her mom were screaming about the water they had for sale and the loud noise prompted Ettel's response. An 8-year-old girl was selling water outside of her San Francisco apartment building when she had the police called on her.
  • Travis Scott Performs Medley Of Hits At NBA Awards Show

    Travis Scott Performs Medley Of Hits At NBA Awards Show

    Harden becomes the third Rocket ever to win the award, joining Moses Malone (1978-79 and 1981-82) and Hakeem Olajuwon (1993-94). Unfortunately for him, his incredible playoff run didn't factor into the voting (since MVP is a regular-season award).
    Making a Murderer's Brendan Dassey appeal is rejected by US Supreme Court

    Making a Murderer's Brendan Dassey appeal is rejected by US Supreme Court

    Stutzman, who started managing her mother's shop in 1982, had provided flowers to the couple for nearly a decade. The Southern Baptist Convention's Ethics & Religious Liberty Commission applauded the Supreme Court's order .
    Melania Trump doubles-down with

    Melania Trump doubles-down with "I really don't care" jacket

    The event came at the end of a controversial week for Trump and his Administration's immigration policies. The family separations at the border have sparked outrage and protests, pressuring Mr.

Belgium's Romelu Lukaku to recover from injury in time to face England Belgium's Romelu Lukaku to recover from injury in time to face England I go back to the fact we're trying to develop a winning mentality and I can't imagine a situation where I talk to the players about anything else.

Joe Jackson, father of Michael Jackson, dead at 89 Joe Jackson, father of Michael Jackson, dead at 89 Joe Jackson , the father of late singer Michael Jackson , has died at the age of 89 , U.S. media report . Jackson focused instead on his daughter Janet , who went on to become a massive star.

Hamilton gets more powerful engine for France Hamilton gets more powerful engine for France He eventually pitted after 33 laps and came out behind Raikkonen, who led him by three seconds with Verstappen third. Fernando Alonso , who won the 24 Hours of Le Mans just last weekend, found himself classified 16th in the race.

Kushner Rips Abbas, Says Mideast Peace Plan Due 'Soon' Kushner Rips Abbas, Says Mideast Peace Plan Due 'Soon' Kushner said Arab leaders had told him they wanted to see a Palestinian state, long the foundation of USA policy in the region. Palestinians seek east Jerusalem as the capital of a future state they hope will also include the West Bank and Gaza Strip.

Xi has strong words for Trump: 'In our culture, we punch back' Xi has strong words for Trump: 'In our culture, we punch back' China and the European Union will exchange offers related to market access at an upcoming summit in July, Liu said on Monday. The administration could declare an economic emergency, or IEEPA, to justify the restrictions, according to the report.

VAR helps Spain claim draw with Morocco VAR helps Spain claim draw with Morocco Spain's brand of football makes them easy on the eye and Isco and Iniesta provide the creativity to cut open defences. Spain will take on Russian Federation while Portugal will come face to face with Uruguay .

Japanese took initiative to clean the stadium after the Japan-Senegal match Japanese took initiative to clean the stadium after the Japan-Senegal match Thus far, the World Cup has been hard to predict, with some of the best teams falling to underdogs and confounding the experts. And while fans aren't psyched about the own goals, at least some of them are happy to clean up their own mess.

Brazil downs Costa Rica with stoppage time flurry Brazil downs Costa Rica with stoppage time flurry Silva was Brazil's captain four years ago, when he was criticized for breaking down before a penalty shootout in the round of 16.

United States sends coffins to North Korea for soldiers' remains United States  sends coffins to North Korea for soldiers' remains More than 35,000 Americans were killed on the Korean Peninsula during the war, which ended in an armistice with no peace treaty. The state department has since said it has no travel plans to announce .

Apple could bring new high-end AirPods and over-ear headphones in 2019 Apple could bring new high-end AirPods and over-ear headphones in 2019 While this does fill in a few gaps in the Apple/Beats lineup of headphones, this is a roll of the dice for Apple. High-end AirPods, a new HomePod and over-ear headphones are coming as soon as next year, reported Bloomberg .

Pete Davidson confirms engagement to Ariana Grande on Jimmy Fallon's Tonight Show Pete Davidson confirms engagement to Ariana Grande on Jimmy Fallon's Tonight Show Pete continued, 'Some dude comes to me and is like, 'Yo dude, you gave me hope .' And I was like, I didn't know I was that ugly'. The video shows Grande's hand and her BFF Courtney Chipolone 's new matching tattoos that say, "H2GKMO".

Kroos happy to make amends Kroos happy to make amends While Mexico's defense has been solid, Ochoa is the biggest reason that El Tri have given up just one goal in the tournament. Mexico has been in complete control of its previous two matches, beating Germany 1-0 and recent South Korea , 2-1.

Liverpool Star Mo Salah May Quit Egypt Over Political Reasons Liverpool Star Mo Salah May Quit Egypt Over Political Reasons Egyptian keeper Essam El-Hadary became the oldest player ever to appear at a World Cup at 45-years-old. "We were always informed by Salah when he takes any decisions", it said in a statement.

Favourable U.S. tax ruling gives limited boost to big-box retailers Favourable U.S. tax ruling gives limited boost to big-box retailers It's unclear how long it could take for such sales tax collections to begin, or how much money the treasury could collect. Edwards and House Democrats want to renew half the 1 percent tax, a proposal previously backed by the Senate.

Father of slain Bronx teen honors son with new tattoo at wake Father of slain Bronx teen honors son with new tattoo at wake De Blasio called the killing a "disgusting awful incident" and said "everyone responsible will be brought to justice". In response to the recent news, the native rapper reportedly donated $8,000 to Junior's family GoFundMe campaign .