The US may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior US official, in a sign President Donald Trump’s recent effort to ease restrictions on the Chinese company could move forward quickly.
Asian markets recovered after an early stumble on Monday as data showed China’s economy growing at its weakest pace in nearly three decades, hit by the US trade war, while investors debated the depth of an expected Fed rate cut.
Zimbabwe’s annual inflation rate hit 175 percent in June, official data showed on Monday, stoking fears of a return of the hyperinflation that wiped out savings ten years ago when the economy collapsed.
Britain’s major banks have seen a growing number of business customers delay decisions on investments and borrowing in recent weeks, as the probability of a disorderly exit from the European Union inches higher.
China’s growth slowed to its weakest pace in almost three decades in the second quarter, with the US-China trade war and weakening global demand weighing on the world’s number-two economy, official data showed on Monday.
Chinese telecoms giant Huawei, which is subject to US sanctions over concerns about its ties to the government in Beijing, is planning to make major job cuts at its US operations, The Wall Street Journal reported Sunday.
Scepticism over AB InBev’s high valuations doomed Budweiser APAC’s IPO of up to $9.8 billion—poised to be the world’s biggest this year—investors and bankers said, putting would-be floats on notice that careful pricing remains key to success.
Oil prices rose slightly on Monday as Chinese industrial output and retail data topped expectations but gains were capped by overall figures showing the country’s slowest quarterly economic growth in decades.
In his strongest comments yet on a growing trade dispute, South Korea’s president urged Japan on Monday to lift recently tightened controls on high-tech exports to South Korea, which he said threaten to shatter the countries’ economic cooperation and could damage Japan more than South Korea.
The number of foreign sightseers visiting the jungle safari destination of Sauraha, Chitwan reached an all-time high this fiscal year, making it one of the most visited tourist destinations in the country.
Pearl Divers, a diving school on one of Sri Lanka’s most popular southern beaches, shut shop for two months after suicide bombers attacked churches and hotels on the island on Easter Sunday, killing about 250 people.