Iran nuclear deal: Here’s how world leaders reacted to Donald Trump’s refusal to certify the Iran nuclear deal October 14, 2017 US President Donald Trump last night refused to formally certify that Iran was complying with a nuclear deal signed in 2015, but key US allies defended the pact. The deal, which was signed by Britain, China, France, Russia, Germany and the European Union, must be re-certified by the US every 90 days, but Trump defied [...]
Germany plans to exclude Huawei from 5G rollout amid cyber espionage fears January 17, 2019 The German government is looking for ways to exclude Huawei from its 5G infrastructure plans amid growing fears of cyber espionage, it is reported. Germany is considering introducing stricter security standards to effectively block the Chinese telecoms giant from its 5G rollout, Reuters reported, citing local media. Read more: Huawei punishes staff after Happy New Year [...]
Gold rises to eight-month high as Huawei tensions weigh on dollar January 29, 2019 Gold prices reached their highest point in over eight months today after the dollar fell on worries over US-China relations. The metal rose to $1,309 per ounce in the early afternoon, a 0.69 per cent rise. Read more: Row over Bank of England's Venezuelan gold heats up as senior Tory MP writes to Carney The boost [...]
Oil price volatility driven by supply curbs and worries about economic contraction January 3, 2019 Oil prices were changeable today as evidence that production had dropped was counterbalanced by fears of an econonomic contraction that could hit demand. A survey from Reuters showed oil supply had its largest month-on-month drop since January 2017 in December. The 15 countries that make up the Organisation of the Petroleum Exporting Countries (Opec) pumped [...]
Factors beyond the control of oil producers have caused price surge, Opec boss says October 11, 2018 Factors “beyond the control” of oil producers have led prices to surge, the director general of Opec has said. The cartel's director general Mohammad Barkindo said there were non-fundamental factors influencing the market. Oil prices have surged in recent weeks in anticipation of US sanctions on Iran, which could take two million barrels per day [...]
O2 will trial Huawei 5G equipment despite security concerns and growing political tension December 22, 2018 British mobile phone network provider O2 will go ahead with trialling Huawei's 5G equipment in the New Year, despite increasing political tension surrounding the Chinese telecoms firm. It will be the first time that the equipment is used in the UK since concerns about the company's security were raised by both the UK and US. Despite warnings that [...]
Security services set to conclude UK can mitigate Huawei 5G risks February 17, 2019 The UK’s security services have concluded the country can mitigate the risks of using Huawei equipment in its 5G network, the Financial Times reported, citing sources close to the discussions. The National Cyber Security Centre (NCSC), which is currently carrying out its annual review of the Chinese firm’s technology, has determined it is able to [...]
Saudi Arabia and Russia defy Trump’s calls for oil production boost September 23, 2018 Saudi Arabia and Russia have defied Donald Trump's calls for an immediate production boost to reduce oil prices. The Organization of the Petroleum Exporting Countries (Opec) and non-Opec oil producers met on Sunday to discuss oil production quotas in the wake of US sanctions on Iran. Opec's leader Saudi Arabia has moved to calm fears [...]
China reduces tariffs on US cars to 15 per cent amid signs trade war is softening December 11, 2018 China has agreed to reduce tariffs on US cars from 40 per cent to 15 per cent. Shares in US car firms jumped slightly on immediate reaction to the news. Shares in General Motors were up 2.8 per cent, while Tesla was up 0.7 per cent and Ford 0.65 per cent. Meanwhile, US markets were up slightly [...]
Huawei founder Ren Zhengfei rejects spying claims as daughter faces US extradition January 15, 2019 Huawei founder Ren Zhengfei today refuted claims the Chinese government is using his company to spy on foreign rivals. “I love my country, I support the Communist Party. But I will not do anything to harm the world. I don’t see a close connection between my personal political beliefs and the businesses of Huawei,” Ren [...]