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Business & Economy

US loses billions as Chinese tourists stay away over trade war

14 June 2019; DW: The United States has fast grown addicted to the $36.2 billion (€32 billion) in annual tourism receipts from Chinese visitors, a figure that has grown more than 15-fold since the turn of the century.

Last year, however, the number of Chinese tourists to the US fell sharply for the first time since 2003, in part due to a slowdown of the world's second largest economy, but more-so, because of the worsening trade spat between Beijing and Washington.

Putin approves supporting Rosneft's gas projects in Venezuela

MOSCOW, June 13. /TASS/: Russian President Vladimir Putin has approved the government's proposal to support Rosneft's shale gas projects in Venezuela (Patao and Mejillones) and ordered to sign a protocol on making amendments to the agreement with Venezuela on cooperation in the sphere of implementing joint strategic projects from 10 September 2009. The president's order was published on the official website of legal information.

Iran urges regional dialogue to ease tensions

DUBAI, United Arab Emirates (AP) — The Latest on Mideast developments amid rising tensions in the Persian Gulf region (all times local):

3:55 p.m.

Iran’s U.N. Mission is calling for an urgent dialogue among all countries in the Persian Gulf region to ease tensions following attacks on two oil tankers near the strategic Strait of Hormuz.

A statement late Thursday from the mission also called on the international community to prevent “the reckless and dangerous policies and practices of the U.S. and its regional allies in heightening the tensions in the region.”

US: ‘Deepfakes’ called new election threat, with no easy fix

WASHINGTON (AP) — “Deepfake” videos pose a clear and growing threat to America’s national security, lawmakers and experts say. The question is what to do about it, and that’s not easily answered.

A House Intelligence Committee hearing Thursday served up a public warning about the deceptive powers of artificial intelligence software and offered a sobering assessment of how fast the technology is outpacing efforts to stop it.

Hong Kong protesters wary of Chinese surveillance technology

HONG KONG (AP) — Young Hong Kong residents protesting a proposed extradition law that would allow suspects to be sent to China for trial are seeking to safeguard their identities from potential retaliation by authorities employing mass data collection and sophisticated facial recognition technology.

Agnes, a second-year college student who declined to give her surname, said she donned a face mask as soon as she left a subway train in the downtown Admiralty district to join Wednesday’s overnight protest by pro-democracy demonstrators.

US says Iran took mine off tanker; Iran denies involvement

DUBAI, United Arab Emirates (AP) — The U.S. military on Friday released a video it said shows Iran’s Revolutionary Guard removing an unexploded limpet mine from one of the oil tankers targeted near the Strait of Hormuz, suggesting the Islamic Republic sought to remove evidence of its involvement from the scene. Iran denies being involved, accusing the U.S. instead of waging an “Iranophobic campaign” against it.

The U.S. Navy rushed to assist the stricken vessels in the Gulf of Oman, off the coast of Iran, including one that was set ablaze Thursday by an explosion.

Experts call for U.S.-China cooperation, end to trade disputes

NEW YORK, June 13 (Xinhua) -- The United States and China should work together to end the ongoing trade disputes and step up cooperation in all fields, experts said here Wednesday during a Sino-U.S. forum.

Trade disputes will harm both the United States and China while cooperation could benefit both, Wang Pijun, secretary general of the Western Returned Scholars Association, said at the association's first Sino-U.S. Economic and Trade Forum held in New York city.

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