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Monday, May 20, 2019
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US ban on Huawei a ‘cynically timed’ blow in escalating trade war, says firm 20 May 8:26pm Updated US ban on Huawei a ‘cynically timed’ blow in escalating trade war, says firm
Top executive says dispute is about trade, not security, as US temporarily eases some restrictions to avoid hurting US companies The US ban on sharing technology with Huawei is a “cynically timed” blow in the escalating trade war between the US and China, the Chinese firm’s top executive in the UK has said. Huawei denounced Donald Trump’s ban on the sharing of US tech with “foreign adversaries”, after a string of US tech companies
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Currencies in USD
GBP 1,26 -0,397%
EUR 1,12 -0,356%
CHF 1,00 -0,299%
Cryptocurrency scams triple in a year – at £27m total cost to victims 20 May 7:01pm Cryptocurrency scams triple in a year – at £27m total cost to victims
Fraudsters use professional-looking websites and promise high returns Investment scams involving cryptocurrencies such as bitcoin and foreign currency trading have tripled in a year, with the average victim losing £14,600, according to the UK’s Financial Conduct Authority. The regulator and the police-run body
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Bank of England warns investment will suffer under no-deal Brexit 20 May 3:04pm Bank of England warns investment will suffer under no-deal Brexit
Ben Broadbent says projects postponed amid political uncertainty will be cancelled Businesses would be likely to cancel their investment projects in Britain under a no-deal Brexit, paving the way for weaker economic growth in future, a deputy governor of the Bank of England has warned.
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Ford to cut 7,000 jobs including more than 500 in UK 20 May 12:07pm Ford to cut 7,000 jobs including more than 500 in UK
US carmaker announces plans to reduce global workforce by 10% by the end of August
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US stocks fall as Google block on Huawei adds to trade tensions – as it happened 20 May 10:20am US stocks fall as Google block on Huawei adds to trade tensions – as it happened
Chinese phonemaker shut out from Android software after Trump ban
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US stocks fall as Google block on Huawei adds to trade tensions – business live 20 May 9:42am Updated US stocks fall as Google block on Huawei adds to trade tensions – business live
Chinese phonemaker shut out from Android software after Trump ban
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Ryanair profits slide due to lower fares and Brexit uncertainty 20 May 9:42am Updated Ryanair profits slide due to lower fares and Brexit uncertainty
Chief executive Michael O’Leary says airline is cutting prices to encourage bookings Ryanair has reported its lowest profit in four years and forecast another slide this year, as air fares fell on the back of Brexit uncertainty and fierce competition in Europe.
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Could the US-China trade row become a global cold war? | Nouriel Roubini 20 May 9:28am Could the US-China trade row become a global cold war? | Nouriel Roubini
If Donald Trump and Xi Jinping slide into ongoing animosity, the world will pay the price A few years ago, as part of a western delegation to China, I met Xi Jinping in Beijing’s Great Hall of the People. When addressing us, Xi argued that China’s rise would be peaceful, and that other countries – namely, the US – need not worry about the “Thucydides trap”, so named for the Greek historian who chronicled how Sparta’s fear of a rising Athens made war between the two inevitable. In his 2017 book
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US stocks set to fall as Google block on Huawei adds to trade tensions – business live 20 May 8:31am Updated US stocks set to fall as Google block on Huawei adds to trade tensions – business live
Chinese phonemaker shut out from Android software after Trump ban
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Jaguar Land Rover reports record £3.6bn loss 20 May 7:27am Jaguar Land Rover reports record £3.6bn loss
Britain’s largest carmaker hit by weak Chinese market and falling diesel sales
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Google’s Huawei ban is good news: tech giants shouldn’t always get their way | Simon Jenkins 20 May 6:21am Google’s Huawei ban is good news: tech giants shouldn’t always get their way | Simon Jenkins
Big tech has gone unchallenged for too long. Donald Trump’s decision to blacklist the Chinese company is changing that The post-digital revolution starts here. Thank you, Donald Trump. The US president’s
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Oil prices rise amid production cuts and Trump Iran threats – business live 20 May 6:11am Updated Oil prices rise amid production cuts and Trump Iran threats – business live
Opec cartel members suggested that production cuts could remain in place to sustain prices
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Google blocks Huawei access to Android updates after blacklisting 20 May 5:34am Google blocks Huawei access to Android updates after blacklisting
Reported move could hit Huawei Technologies’ ability to run phone operating system Google has suspended Huawei’s access to updates of its Android operating system and chipmakers have reportedly cut off supplies to the Chinese telecoms company, complying with orders from the US government as it seeks to
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BP headquarters in London blockaded by Greenpeace 20 May 5:20am BP headquarters in London blockaded by Greenpeace
Environmental activists accuse oil company of ‘fuelling’ climate emergency Greenpeace activists have blockaded all entrances to the BP headquarters in London, demanding an end to all new oil and gas exploration. The campaigners arrived at 3am on Monday and encased themselves in heavy containers before the oil company’s annual general meeting on Tuesday.
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Swiftcover won’t pay out what I’m due after a serious car accident 20 May 2:00am Swiftcover won’t pay out what I’m due after a serious car accident
We claimed, but we can’t get the £1,000 or so the vehicle was worthJust less than a year ago my husband was involved in a serious car accident. He was badly hurt, taken by ambulance from the scene and kept in hospital for several days. The police had called a recovery vehicle from a local garage to remove the damaged car. Ever since, we have been trying to get his insurance company, Swiftcover, to pay up as per the terms of his policy.
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Unions lobby investors to press Amazon over UK working conditions 20 May 1:01am Unions lobby investors to press Amazon over UK working conditions
GMB tells shareholders that warehouse workers endure targets that cause suffering Trade unions are lobbying City investors to put pressure on Amazon to improve conditions for its workers in the UK. At a meeting at the TUC’s head office this month the GMB union made presentations, including one from an Amazon employee, to a dozen leading fund managers and pension funds that own stakes in Amazon including Legal & General, Baillie Gifford and Aberdeen Standard.
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