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By Vivem Soriano Eagle News Service The Charlotte Hornets are finalizing a trade sending former Defensive Player of the Year Dwight Howard to the Brooklyn Nets in exchange for Timofey Mozgov, two future 2nd round draft picks plus cash. ESPN’s Adrian Wojnarowski said the move is intended to clear cap space for the 2019-2020 season as the Nets will save $17 million dollars that will allow them to clear enough cap space for two max […]
by Ryan Mcmorrow © Agence France-Presse BEIJING, China (AFP) — Beijing on Tuesday accused Donald Trump of “blackmail” and warned it would retaliate in kind after the US president threatened to impose fresh tariffs on Chinese goods, pushing the world’s two biggest economies closer to a trade war. Trump said on Monday he had asked the US Trade Representative to target $200 billion worth of imports for a 10 percent levy, citing China’s “unacceptable” move to raise […]
By Phoebe Salvador Eagle News Service The Philippines has been chosen as the first country to become the administrator of the Association of Southeast Asian Nations (ASEAN) Small and Medium Enterprise (SME) Academy through the Department of Trade and Industry (DTI). In a statement, the DTI said that in particular, the Philippine Trade Training Center (PTTC) was named as the administrator of the academy, a one-stop multi-platform online learning and information resource for Southeast Asian SMEs. […]
WASHINGTON, United States (AFP) — The US Senate defied President Donald Trump by voting Monday to overrule his administration’s deal with Chinese telecom firm ZTE and reimpose a ban on high-tech chip sales to the company. Senators added an amendment targeting ZTE into a sweeping, must-pass national defense spending bill that cleared the chamber on an 85-10 vote. The company has been on life support ever since Washington said it had banned US companies from selling […]
WASHINGTON, United States (AFP) — US President Donald Trump escalated a growing trade war with China by unveiling plans Monday to impose 10 percent tariffs on an additional $200 billion worth of Chinese goods. With the world’s two largest economies already engaged in a confrontation long feared by markets and industry, Trump said he was pushing forward with fresh punitive measures over Beijing’s “unacceptable” move to raise its own tariffs. “Further action must be taken to […]
BEIJING, China (AFP) — China vowed Friday to “immediately” retaliate to US tariffs as Washington moved closer to imposing duties that could trigger a trade war. “If the US side adopts unilateral protectionist measures and damages China’s interests, we will immediately react and take necessary measures to firmly safeguard our legitimate rights and interests,” said foreign ministry spokesman Geng Shuang during a regular news briefing. US President Donald Trump is due to unveil later Friday […]
by Douglas Gillison © Agence France-Presse WASHINGTON, United States (AFP) — President Donald Trump on Friday was due to unveil a final list of Chinese imports that would face punishing tariffs but it remained uncertain whether he would hold fire as part of a negotiating strategy. Imposing the tariffs would escalate the trade confrontation with Beijing, and potentially set off a round of tit-for-tat retaliation, which economists warn would damage the global economy. The deadline […]
BERLIN, Germany (AFP) — World Trade Organization (WTO) chief Roberto Azevedo warned Monday against a damaging “escalation” of trade tensions between the United States and other major economies, following a divisive G7 summit. Trans-Atlantic and other trade wars would have “a long-term impact on the global economy,” he said at a Berlin meeting with German Chancellor Angela Merkel and leaders of the IMF, World Bank and other international institutions. “We must stop this escalation […]
SINGAPORE, Singapore (AFP) — US President Donald Trump said the recent G7 spat-dominated meeting in Canada was “good”, but in the same breath warned the host country would pay for the comments of its prime minister. “I had a very good meeting with the G7,” Trump said, rejecting suggestions the summit was a failure. But he also said that critical comments from Justin Trudeau would cost Canada “a lot of money”. © Agence France-Presse
by Dave Clark / and Laurence Benhamou © Agence France-Presse QUEBEC CITY, Canada (AFP) — Europe and hosts Canada warned US President Donald Trump on Thursday that they will not be intimidated at the G7 summit, despite fears that a trade war will weaken the Western alliance. With the leaders of the Group of Seven industrialized democracies due in Quebec, Canada’s Prime Minister Justin Trudeau warned the US leader that they would not roll over on […]
SYDNEY, Australia (AFP) — Qantas is poised to list Taiwan as part of China on its websites, sparking concern Tuesday from Australia’s foreign minister who said private firms must be able to conduct business “free from political pressure”. The Chinese Civil Aviation Administration sent a notice to 36 foreign airlines in April, asking them to comply with Beijing’s standards of referring to Taiwan, Hong Kong and Macau as Chinese territories. Despite Taiwan’s having been governed […]
WASHINGTON, United States (AFP) — President Donald Trump’s top economics advisor acknowledged Sunday the trade dispute with US allies could jeopardize the booming American economy but dismissed criticism of the administration’s stance as overblown. Larry Kudlow’s remarks came after finance ministers from the Group of Seven industrialized countries on Saturday expressed outrage over US-imposed tariffs on steel and aluminum and called on Washington to reverse course. Canada’s Prime Minister Justin Trudeau was especially irked […]
