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The Trump administration has announced a significant relaxation of its restrictions on US companies selling to Huawei, saying the ban will only apply to products that are related to national security. According to The Financial Times, in other cases, US companies will be able to obtain a state license to sell their goods to a Chinese manufacturer. Obtaining a license of this type has become possible after the truce between the United States and China, concluded during the G20 Osaka summit. At the same time, Huawei remains on the blacklist. Therefore, in order to conduct business, US companies will have to obtain a special license, the validity of which is not reported yet.
China's Commerce Ministry stated on Thursday that it would take the 'necessary' measures in response to the United Kingdom's ban on Huawei Technologies Co Ltd (HWT.UL). The government agency said that it would severely damage China's investment ...
Singapore said on Monday it is ready to release its developed blockchain-based payments network that would pave the way for faster and cheaper international settlements. The Monetary Authority of Singapore joined forces with state investor ...
Asian stocks rose earlier on Tuesday, surging overnight in U.S. markets after the Fed announced new measures in a bid to recover the U.S. economy from the COVID-19 virus. Japan’s Nikkei climbed by 3.42% at 10:16 PM ET (3:16 AM GMT), ...
Canada’s Prime Minister Justin Trudeau announced on Saturday that he was committed to looking at possible ways to help airlines that were severely affected by the pandemic. Yet the Canadian prime minister laid out no new measures and ...
Oil futures gained on Tuesday, lifted by Saudi Arabia’s deeper production cuts to buoy prices amid the supply glut and weak demand. Brent crude futures rose 0.8%, or 24 cents, at $29.87 per barrel. U.S. West Texas Intermediate crude ...
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