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Trump to temporarily suspend all immigration into US to fight against ‘Invisible Enemy’
President Donald Trump said he will sign an executive order to temporarily stop all immigrants from entering the United States amid the coronavirus. On Monday night, Trump wrote in a tweet how his decision came, “in light of the attack from the Invisible Enemy”, which BBC reported to have meant the novel coronavirus. The President also said […]
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“On A Scale Of 1-10, It’s An 11” – Wall Street Reacts To China’s Retaliation
One day after China finally snapped, and demonstratively refused to intervene and keep the CNH above 7.00 vs the dollar, escalating the trade war into a currency war, stocks are tumbling and Wall Street analysts – all of whom had been bullish until now – are scrambling to adjust their narrative. With the S&P dropping […]
EU urges alliance with US to counter Chinese tech dominance
The EU has urged the US to join forces in countering Chinese attempts to define the technologies of the future, saying a transatlantic alliance is needed to influence global standards for sectors such as telecoms and the internet of things. As part of a progress report into EU-US co-operation on trade, Brussels said that the […]
Hasbro to start making toys in Vietnam and India as US-China trade war goes on
Tokyo — The trade war is changing the landscape of toy land, with Hasbro accelerating plans to shift away from China in favour of new plants in Vietnam and India. The world’s largest publicly traded toymaker, which has licences for popular franchises such as “Frozen” and the “Avengers,” said US goods produced in China could […]
Chinese researchers stripped of security clearance at Canada lab for deadly human diseases
Researchers from China were stripped of their access to Canada’s National Microbiology Lab, which works on some of the world’s most deadly human and animal pathogens. Canada’s national police force said it is investigating “possible policy breaches” by Xiangguo Qiu, a scientist from China, her husband Keding Cheng, a biologist at the same lab, and […]
Walmart’s Supplier Says Chinese Factories in ‘Desperate’ State
Li & Fung Ltd. Group CEO Spencer Fung discusses how the U.S.-China trade spat is affecting the global supply chain. The world’s largest supplier of consumer goods says China’s factories are getting “urgent and desperate” as worried U.S. retailers accelerate a move out of the country amid heightened trade tensions. China will see more factory shutdowns as […]
Hawaii law on prostitution convictions is 1st in nation
HONOLULU (AP) — Hawaii on Tuesday became the first state in the U.S. to remove a requirement that a person be a victim of sex trafficking to have a prostitution conviction erased. Legislation signed into law by Gov. David Ige tosses prostitution convictions for those who avoid additional convictions for three years, even if they […]
China is considering canceling this week’s trade talks after Trump’s tariffs threat, sources say
A source told CNBC that Chinese Vice Premier Liu He will likely cancel the trip he’d planned for himself and a 100-person delegation for the final round of talks that U.S. officials had previously said could yield a deal by Friday. A second source said Trump’s decision to more than double the tariff rate on […]