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Business & Economy

Palestinian businessmen reject invite to US ‘peace’ workshop in Bahrain

21 May 2019; MEMO: Palestinian businessmen, economic and trade institutions and unions have received invitations to participate in the economic workshop organised by the United States in Bahrain next month, Anadolu Agency reported.

The White House announced in a joint statement with Bahrain that Manama will host an economic workshop entitled “Peace to Prosperity on 25 and 26 June.

Fears as Chinese investment in Australia falls

21 May 2019; AFP: Chinese investment in Australia has fallen to its lowest level in five years, new research shows, sparking calls for the newly re-elected conservative government to improve its rocky relationship with Beijing.

After hitting a peak of Aus$15.8 billion (US$10.4 billion) in 2016, Chinese firms invested Aus$4.8 billion in the country last year, the Australian National University said Monday.

Huawei founder says US underestimates company

Huawei founder Ren Zhengfei on Tuesday shrugged off US attempts to block his company's global ambitions, saying the United States underestimates the telecom giant's strength.

Ren spoke to Chinese media days after President Donald Trump issued orders aimed at thwarting Huawei's business in the United States, the latest salvo in a months-long effort to stop the company's charge to the top of the leaderboard in next-generation 5G technology.

"The current practice of US politicians underestimates our strength," Ren said, according to transcripts from state-run media.

Brexit's effecting on tourism's big names

21 May 2019; DW: Profits have plunged at Ryanair and Easyjet, while 43% of troubled tour operator Thomas Cook's summer holidays remain unsold. The travel sector can only lick its wounds and wait out the Brexit uncertainty.

The dark cloud of Brexit still looms large over Europe's tourism industry, despite the delay to Britain's withdrawal from the European Union.

Washington's bullying addiction threatens global stability

BEIJING, May 21 (Xinhua) -- Washington's long-standing addiction to bullyism has become a grave threat to global stability and peace.

The United States has shown ultra enthusiasm in brandishing the tariff stick against its main trade partners, including the European Union(EU), Japan, Canada, Mexico and China.

The intention of such actions is plain and simple: it is determined to crush anyone it sees a threat to its global dominance. And that is exactly what it has been doing since it became a superpower in the aftermath of World War II.

Merkel assures help for Ukraine to solve Donbas conflicts

MUNSTER, Germany, May 20 (Xinhua) -- German Chancellor Angela Merkel on Monday assured Germany's help for Ukraine to solve the conflicts in its Donbas region.

Merkel made the statement during her visit to a rapid reaction force of NATO in Germany's Munster.

The army unit, consists of soldiers of Germany, the Netherlands and Norway, was founded in 2014 after an escalation of clashes in Ukraine's east.

US delays Huawei ban for 90 days

Washington, May 21 (AFP) US officials have delayed a ban on American technology exports to Chinese tech giant Huawei until mid-August, saying the time was needed to allow for software updates and other contractual obligations.

A Commerce Department filing Monday said the delay does not change the ban imposed by President Donald Trump on national security grounds, an action with major implications for US and Chinese technology firms.

Bangladesh halts visas for Pakistani nationals amid diplomatic impasse

Dhaka/Islamabad, May 21 (PTI) Bangladesh high commission in Islamabad has stopped issuing visas to Pakistani nationals for one week over a fresh diplomatic row, a Bangladeshi official said Tuesday, amid strained bilateral ties since 2013 when Dhaka decided to hang several of the 1971 war criminals.

The diplomatic row between Bangladesh and Pakistan is on the rise since last year when Dhaka denied a visa to the Pakistan high commissioner.

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