Business

Business & Economy

Spotlight: Iran-U.S. disputes not to drift towards war: experts

TEHRAN, May 26 (Xinhua) -- The recent military build-up by the U.S. regional forces has increased danger of conflicts between Tehran and Washington and has worried regional and international players.

The United States has deployed warships and bombers to the Iranian southern waters, and has reduced the number of its diplomats and employees in Iraq, citing intelligence about potential threats to U.S. nationals by Iran or its allies.

Besides, the U.S. President Donald Trump announced on Friday that he had decided to send 1,500 more troops to the restive Middle East region.

Tariffs on China to "hit home for every American," warn U.S. industries

NEW YORK, May 26 (Xinhua) -- Kevin Cheung, vice president of a New York-based clothing firm, recently twisted his ankle and is steadily recovering from an intense burning sensation on it.

Yet there are no signs of easing of the "slow burn" that his company, Lisa International, has suffered since the United States initiated tariff disputes with China last March.

US pressure on Cuba runs counter to international law, Lavrov says

MOSCOW, May 27. /TASS/: The US growing pressure on Cuba under the Helms-Burton Act contradicts international law, Russian Foreign Minister Sergey Lavrov told a news conference after talks with his Cuban counterpart Bruno Rodriguez Parrilla.

"The decision, which was endorsed in Washington, drastically contradicts both international law and demands of the overwhelming majority of members of the international community," Lavrov said.

In his turn, the Cuban foreign minister noted that the Helms-Burton Act was part and parcel of the US policy of pressuring third states.

Huawei Wins MIREC Technology Innovation Award

MEXICO CITY, May 27, 2019 /PRNewswire/ -- At MIREC Week 2019, Huawei 1500V Smart PV Solution won the MIREC Technology Innovation Award. It is another world-class award following Huawei's SUN2000 15-20KTL series smart inverter winning the Intersolar Award at the Intersolar Europe 2019, and represents the worldwide recognition of Huawei FusionSolar Smart PV Solution by the solar PV industry, while fully demonstrating Huawei's crucial innovation strength.

Bitcoin rate rises by 9.4% per day updating year’s record highs

MOSCOW, May 27. /TASS/: The average exchange rate of Bitcoin over the past day increased by almost 9.4% and reached 8,750.24 dollars per unit of cryptocurrency. Thus, the price returned to the levels of mid-May 2018, according to Coinmarketcap.

The capitalization of the bitcoin market, according to the website, reached $155.1 bln.

The price of cryptocurrency began to grow significantly in early May of this year.

Bitcoin is a decentralized cryptocurrency system of the same name based on blockchain technology, which can be mined by any user.

World shares advance as centrists lose ground in EU vote

BANGKOK (AP) — Shares advanced Monday in Europe after centrists lost ground to pro-business and environmentalist groups in elections for the 28-nation bloc’s parliamentary assembly.

Germany’s DAX climbed 0.5% to 12,066.21 and the CAC 40 in France added 0.3% to 5,332.66. Markets were closed in Britain. With U.S. markets closed for the Memorial Day holiday, the future contract for the Dow Jones Industrial Average edged 0.1% higher to 25,652.00 and that for the S&P 500 was nearly unchanged at 2,832.90.

China state TV carries Daily Show spot on Huawei lead in 5G

BEIJING (AP) — China has deployed an unlikely voice in its trade war with the U.S.: Trevor Noah of Comedy Central’s The Daily Show.

A brief clip from the comedian’s “If You Don’t Know, Now You Know” segment on Chinese equipment maker Huawei’s dominance in next-generation 5G mobile technology ran on state broadcaster CCTV’s national lunchtime news on Monday.

It was part of a barrage of stories and commentaries attacking the U.S. stance in the standoff between the world’s two largest economies.

Trump agrees with Kim on Biden’s “low IQ”

TOKYO (AP) — The Latest on President Donald Trump’s visit to Japan (all times local):

4:40 p.m.

President Donald Trump sided with North Korea’s Kim Jong Un and continued to criticize former Vice President and 2020 Democratic hopeful Joe Biden — this time on the world stage.

Trump said in response to a question at a joint press conference with the prime minister of Japan that Kim “made a statement that Joe Biden is a low IQ individual. Trump said the assessment “probably is based on his record. I think I agree with him on that.”

Asian shares mixed as markets await news on China-US trade

BANGKOK (AP) — Shares were mixed early Monday in Asia in the absence of fresh news on the tariffs standoff between the U.S. and China.

U.S. markets will be closed for the Memorial Day holiday.

Japan’s Nikkei 225 index advanced 0.3% to 21,173.27 after visiting President Donald Trump said he expects a deal with Tokyo on trade after a Japanese election in July.

Greek prime minister calls for early election after EU loss

ATHENS, Greece (AP) — Greek Prime Minister Alexis Tsipras called for an early national election following the defeat of his party at the European Parliament elections.

Tsipras said from the Syriza party offices that “the result does not rise to our expectations ... I will not ignore it or quit.”

Subscribe to Business