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Huawei ban clouds U.S.-China trade talks, tech sector

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Huawei ban clouds U.S.-China trade talks, tech sector WASHINGTON/BEIJING (Reuters) - A U.S. bid to block China's Huawei Technologies from buying vital American technology threw into question prospects for sales at some of the largest tech companies and drew a sharp rebuke from Beijing, further ratcheting up tensions over trade. Shares of Huawei's U.S. suppliers fell on fears the Chinese firm would be forced to stop buying American chips, software and other components after the Trump administration banned it from buying U.S. technology without special approval. The U.S. crackdown, announced on Wednesday, was the latest shot fired in a U.S.-China trade war that is rattling financial markets and threatening to derail a slowing global economy. Číst dále >>> Přeložit do en

Brexit or Death

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Brexit or Death There is a lesson in British politics for the rest of the world: A democratic revolt of the people against the establishment cannot be resisted forever.The immediate result of the Brexit vote in 2016 and Parliament’s decision to accede to the will of the electorate and turn in its Article 50 notice to the EU was a strengthening of the two oldest mainstream parties, Tory and Labour, against the ultra-Remain party, the Liberal Democrats, and the ultra-Brexit party, UKIP. The Tory and Labour parties subsequently pledged in their campaign manifestos to deliver on the result of the 2016 referendum, and usher the U.K. out of the EU in a timely and orderly fashion. That Article 50 notice promised an exit date of at the end of March 2019, a date that was repeated endlessly in the media. By endorsing the populist outcome, both parties looked like they might thrive.And then Parliament refused to pass Theresa May’s negotiated agreement by that date, and also refused to “crash out” of the EU on WTO terms. Leading voices in both the Tory and Labour parties began to embrace the idea of a second Brexit referendum, obviously hoping that voters would come to retroactively bless their indecision, and possibly relieve them of Brexit altogether. Voters seem inclined to destroy them instead.And now those two parties are about to reap their reward — in the grinning face of Nigel Farage, and in his new Brexit party, which has welcomed in Brexiteers from the left and the right. The former leader of UKIP, and a man who helped the Brexit cause get over the line in 2016, has done some studying on the new populist politics. And he is newly sharp. Asked by the media why his party did not publish a traditional manifesto, he said, “I will never, ever use that word manifesto. I think in most people’s word association, ‘manifesto’ equals ‘lie.’” After the performance of Parliament in the last two years, who could possibly dispute the charge?Even though this new party is only a few weeks old, Farage’s outfit is already polling as likely to win a majority of the seats in the European parliamentary elections on May 23rd — a contest that his party believes should never have happened in the U.K. The Brexit party is polling at over 30 percent, with the Tories dropping to 12 percent and rapidly heading for the single digits. If this is a foreshadowing of how U.K. parliamentary elections will go, then the Brexit party is an existential threat to the Tories.It’s also a sign that the Tories can no longer play the Corbyn card against their own supporters. Previously it was thought that Tory voters would be so afraid of Labour leader Jeremy Corbyn becoming prime minister that these voters would never defect or try to teach the Tory party a lesson by staying home.But voters seem to think that the democratic principle itself is more important than their preferred party. After all, the government solicited the opinion of the British people in the Brexit referendum. That same government campaigned overwhelmingly for Remain, and deployed incredible scare stories about immediate economic recession in the wake of a pro-Brexit result, even invoking unknown threats to European peace in the wake of it. The voters rebuked them. But, after more than two years, members of Parliament have done little more than deliver lip service to the Brexit cause, with a heaping dash of grumbling about having to get on with it. A second referendum at this stage amounts to a reversal of parliamentary democracy, in which elected members demand voters do a better job of mirroring Parliament’s priorities.The Tory party has a history of letting its own internal politics distract its members from anger issues in the United Kingdom. But the initial polling for the Brexit party should awaken them to the fact that they face an existential threat due to their own dithering and impotence. They must decide immediately whether the government should negotiate a deal Parliament can support, or whether the Tory members in Parliament ought to set aside their criticisms of the deal on offer and save their party from imminent destruction. The promises that Brexit will happen at some point in the future or that Theresa May will be replaced at some later date, when it is more opportune for the chancery who would do the replacing, must come to an end. This is no longer a choice for the public, but for the Tory party. Leave or be pushed out for good. Číst dále >>> Přeložit do en

Boeing finishes software update for grounded airliner

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Boeing finishes software update for grounded airliner Boeing says it has finished with its updates to the flight-control software implicated in two deadly crashes involving its 737 Max, moving a step closer to getting the plane back in the sky. Číst dále >>> Přeložit do en

'Horrifying': Kirsten Gillibrand denounces anti-abortion bills in Georgia

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'Horrifying': Kirsten Gillibrand denounces anti-abortion bills in Georgia Gillibrand vowed to champion abortion rights in her campaign for president, calling the recent bans "horrifying" and "discriminatory." Číst dále >>> Přeložit do en

Obhájce Koepka začal PGA Championship výtečně, Woods kazil

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Obhájce titulu Brooks Koepka zahájil výborně golfový major PGA Championship. Američan zahrál v prvním kole na hřišti Bethpage Black sedm ran pod par a v rozehraném první kole jasně vede. Naopak strádal Tiger Woods, letošní vítěz Masters příliš chyboval a den dokončil se skóre +2. Číst dále >>>

Boeing seeks regulators' OK, says 737 MAX software update complete

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Boeing seeks regulators' OK, says 737 MAX software update complete Boeing said Thursday that it completed its software update on the 737 MAX after two deadly crashes resulted in a global grounding of the aircraft. The proposed fix, which addresses a problem with a flight handling system thought to be a factor in both crashes, must now win approval from US and international regulators before the planes can return to service. US airlines have targeted August as the date they expect to resume flying on the 737 MAX. Číst dále >>> Přeložit do en

Is There a 5G Cellular Network Near You?

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Is There a 5G Cellular Network Near You? The age of 5G network service is finally here. As of today, you can officially buy the 5G version of the Samsung Galaxy S10 smartphone, which starts at $1,300. Right now, it's exclusive to Verizo... Číst dále >>> Přeložit do en

Baidu forecasts quarterly revenue below estimates, shares fall

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Baidu forecasts quarterly revenue below estimates, shares fall (Reuters) - Chinese search engine operator Baidu Inc on Thursday reported lower-than-expected first-quarter earnings and forecast quarterly revenue below estimates, sending its shares down 8% in extended trading. Revenue from its online marketing services business, a major contributor to overall sales, rose nearly 3% to 17.66 billion yuan ($2.57 billion), but missed estimates of $2.66 billion, according to research firm FactSet. ... Číst dále >>> Přeložit do en

My kind of mix-up: $5,760 bottle of wine served accidently

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My kind of mix-up: $5,760 bottle of wine served accidently LONDON (AP) — A British restaurant has given some customers an unexpected treat, accidently serving them a 4,500-pound ($5,760) bottle of red wine. Číst dále >>> Přeložit do en

Trump's financial report shows earnings and losses but misses tax return details

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Trump's financial report shows earnings and losses but misses tax return details As the president continues to refuse to release tax documents, this filing is a yearly requirement and showed mixed business results Donald Trump’s 2018 financial disclosure report was released on Thursday. Photograph: Nicholas Kamm/AFP/Getty Images Donald Trump’s 2018 financial disclosure report was released on Thursday by the Office of Government Ethics, shedding light on the president’s earnings and losses in the second year of his presidency. The form, which is required to be filed annually, offered a rare glimpse into the president’s sprawling finances and showed mixed results for his businesses. According to the report, Mar-a-Lago, the Florida resort, which Trump visits a lot during the winter, incurred a drop in income by 10% when compared with the previous year. The filing, which spanned 88 pages, also showed Trump obtained a new 30-year mortgage in 2018 for a property he owned in West Palm Beach near his Mar-a-Lago estate. The eight-bedroom house is listed as being available for rent for about $81,000 a month. The disclosure comes as Trump continues to draw scrutiny for his refusal to release his tax returns, despite an effort by Democrats in Congress to obtain them. Trump broke with a 40-year precedent in 2016 by becoming the first major-party presidential nominee in that time not to share his tax returns. Whereas the president’s tax returns would offer a clearer picture of how much money he is personally bringing in, the disclosures released on Thursday instead offer a glimpse of the number of properties he and his businesses own. Revenues at other Trump-owned properties, such as his Doral golf resort in Florida and another golf resort in Bedminster, New Jersey, rose slightly from 2017. The Washington-based Trump International Hotel also held steady, reporting $40.84m in revenues last year, a slight increase from 2017. Trump’s involvement with his eponymous DC hotel has been the subject of legal challenges due to the heavy presence of foreign officials who stay there while traveling to the nation’s capital. Nearly 200 members of Congress – all of them Democrats – filed a lawsuit against Trump, arguing he is violating the emoluments clause of the US constitution by accepting financial benefits from foreign governments. Last month, a federal district judge ruled in favor of allowing the case to proceed to the evidence-gathering phase. The justice department moved this week to appeal the decision and halt all proceedings, arguing they placed an undue burden on the president. Trump’s complex web of finances has been the next major investigative front for Democrats on Capitol Hill, who since assuming the House majority in January have subpoenaed dozens of witnesses and documents. Democrats have said more transparency around Trumps finances would better illustrate if he holds any conflicts of interest as he considers legislation or other decisions, as well as if he is subject to foreign influence. Číst dále >>> Přeložit do en

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