UAE scraps Israel boycott in new step towards normal ties

Maher Chmaytelli DUBAI (Reuters) – The president of the United Arab Emirates scrapped an economic boycott against Israel, allowing trade and financial agreements between the countries in another key step towards normal ties, the UAE’s state news agency reported on Saturday. Israel and the UAE said on Aug. 13 they would normalise diplomatic relations in […]

Trump says could ‘decouple’ and not do business with China

Jan Wolfe WASHINGTON (Reuters) – U.S. President Donald Trump, in a Fox News interview airing Sunday, raised the possibility of decoupling the U.S. economy from China, a major purchaser of U.S. goods. In a video excerpt, Trump initially told interviewer Steve Hilton “we don’t have to” do business with China, and then later said about […]

Is Facebook favouring the ruling BJP in India?

Soutik Biswas India correspondent Did Facebook go easy on hate speech by an Indian lawmaker belonging to the governing BJP to protect its interests in its biggest market? A Wall Street Journal report, based on interviews with current and former Facebook employees, suggests so, and it prompted immediate calls for an investigation. Soutik Biswas reports […]

In China, fears of financial Iron Curtain as U.S. tensions

Samuel Shen, Winni Zhou, Kevin Yao SHANGHAI/BEIJING (Reuters) – A sharp escalation in tensions with the United States has stoked fears in China of a deepening financial war that could result in it being shut out of the global dollar system – a devastating prospect once considered far-fetched but now not impossible. FILE PHOTO: Chinese Yuan and […]

India’s June industrial output shrinks 16.6%, hit by coronavirus

A worker grinds a gear rod used in a textile machine inside a small scale manufacturing unit in Ahmedabad, India, April 12, 2016. REUTERS/Amit Dave/File Photo NEW DELHI (Reuters) – India’s industrial output contracted 16.6% in June from a year earlier, government data showed on Tuesday, as a monthly measure indicated some recovery in the […]

TikTok: The story of a social media giant

By Joe Tidy & Sophia Smith Galer BBC News Image copyright GETTY IMAGES President Donald Trump has warned that he will ban TikTok unless an American firm buys its US operations. So how did an app attract millions of users but come to be seen as a national security risk in just two years? Alone […]

Neil Young sues Donald Trump’s campaign for using his songs

Neil Young is suing Donald Trump’s re-election campaign for repeatedly using his music without his permission. The rock star says the US president breached copyright laws by playing his songs at political rallies and events. The Canadian has objected to the use of Rockin’ in the Free World and Devil’s Sidewalk for what he called […]

Republican senators back plan to sell TikTok’s U.S. operations

David Shepardson FILE PHOTO: TikTok logos are seen on smartphones in front of a displayed ByteDance logo in this illustration taken November 27, 2019. REUTERS/Dado Ruvic/Illustration/File Photo WASHINGTON (Reuters) – Two Republican senators back a plan by China’s ByteDance to divest the U.S. operations of TikTok after President Donald Trump said on Friday he had […]

TikTok: US general manager Pappas says app ‘here for the

The US general manager of TikTok has said the Chinese-owned video-sharing app is “here for the long run”, after President Donald Trump said he would ban it in the US. Vanessa Pappas told TikTok users in a video statement that its staff were building “the safest app”. Mr Trump said he could sign an executive […]

Euro zone inflation unexpectedly ticks up amid record GDP slump

Francesco Guarascio BRUSSELS (Reuters) – The euro zone’s economy recorded its deepest contraction on record in the second quarter, preliminary estimates showed on Friday, while the bloc’s inflation unexpectedly ticked up in July. In the months from April to June, gross domestic product in the 19-country currency bloc shrank by 12.1% from the previous quarter, […]