Sending a clear signal to Beijing that Washington will oppose takeover deals that involve technologies with potential military applications, U.S. President Donald Trump blocked a Chinese-backed private equity firm from buying a U.S.-based chipmaker. The first announced deal for the buyout fund, which launched last year with a focus on technology investment, one of the…
The Chinese state had a hidden role in the acquisition of Lattice Semiconductor Corp whose chips have military applications. In a clear signal from Washington to Beijing, U.S. President Donald Trump has blocked a Chinese-backed private equity firm’s acquisition bid for a U.S. chipmaker, thus telling Beijing in very lucid terms that the United States…
The European Union mentioned the United Kingdom once and avoided the word Brexit in a key six-thousand-word speech. redirecting all Brexit related issues to a team that only deals with Brexit has been the strategy of the European Commission – Europe’s leading Brexit negotiator, since the U.K. voted to leave the bloc. The Commission would rather talk about…
The finance ministers of France, Germany, Italy and Spain said in a joint letter that instead of only taxing on the profits made as of now, they want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues. There are many countries in Europe that are frustrated at the low…
Following a racially divisive social-media campaign in South Africa, Bell Pottinger LLP has put itself up for sale after being expelled from the U.K.’s public-relations industry body and losing clients. Financial adviser BDO has been hired “to look at all options regarding the future of the business,” by the London-based PR firm, founded by Margaret…
This is likely to be a huge opportunity for private players, including MNCs, to help modernise Israel’s infrastructure. In a significant development, Israeli Prime Minister Benjamin Netanyahu has disclosed at the start of Israel’s weekly cabinet meeting, that he would soon unveil a multi-year infrastructure spending plan worth more than $28 billion The planned projects…
There were tensions as the European Union’s negotiator mocked Prime Minister Theresa May even as Brexit talks ended in stalemate, with both sides deadlocked over the divorce bill. Britain wants a deal that’s impossible to achieve and is refusing to acknowledge its financial obligations, Michel Barnier said. The “sufficient progress” needed to move on to…
A global powerhouse worth $280 billion on China’s Valentine’s Day was created by matching the country’s top coal miner with one of its biggest utilities as Beijing announced its latest arranged marriage. But the union may spark jealousy elsewhere even as couples across the country celebrated the Qixi Festival. A bigger rival with an outsized…
Worries of fresh tension between Washington and Pyongyang were raised after North Korea fired a missile over northern Japan which resulted in world stocks tumbling and safe-haven assets soaring on Tuesday. A rally in the euro to above a key level chipped in to put regional stocks on track at one point for their biggest…
Portraying German Chancellor Angela Merkel as slow to tackle the country’s diesel-car crisis, soft on Turkish President Recep Tayyip Erdogan and out of touch with voters, her main election opponent stepped up his attacks on her record. Merkel, whose Christian Democratic-led bloc leads the SPD by as many as 17 percentage points in national polls,…
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