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Russian software will help protect power grids from hackers — ministry

MOSCOW, June 17. /TASS/: Using Russian equipment and software to manage the country's power grids is necessary to protect the energy system from cyber criminals, the press service of the Russian Ministry of Digital Development, Communications and Media told TASS on Monday.

Saudi Arabia say it intercepted 2 Houthi drones

TEHRAN, Iran (AP) — The Latest on developments in the Persian Gulf region amid rising tensions between Iran and the U.S. (all times local):

7 a.m.

A Saudi military spokesman says the kingdom has intercepted two bomb-laden drones launched by Yemen’s Iranian-backed Houthi rebels.

Col. Turki al-Maliki made the remarks early Tuesday in a statement carried by the state-run Saudi Press Agency.

Al-Maliki says one drone targeted a civilian area in Abha, whose regional airport has become an almost-daily target of the Houthis.

Asian markets mostly edge higher ahead of Fed meeting

SINGAPORE (AP) — Stocks in Asia mostly advanced Tuesday ahead of interest rate decisions by the U.S. Federal Reserve and other central banks.

The Kospi in South Korea gained 0.5% to 2,101.43, and Hong Kong’s Hang Seng picked up 0.9% to 27,471.19. The Shanghai Composite index jumped 0.2% to 2,892.53, while Australia’s S&P ASX 200 added 0.4% to 6,559.50. Japan’s benchmark Nikkei 225 lost 0.3% to 21,067.95. Shares rose in Taiwan and Singapore but fell in the Philippines.

Why US-China trade war risks hurting firms in both countries

WASHINGTON (AP) — U.S. businesses are imploring President Donald Trump not to expand his tariffs to $300 billion in goods from China that have so far been spared in his trade war with Beijing.

These companies warn that the additional tariffs would drive up prices for consumers, squeeze profits and leave U.S. companies at a competitive disadvantage to foreign rivals that aren’t subject to higher taxes on the components they buy from China.

Tensions rise as Iran speeds up enrichment, US sends troops

TEHRAN, Iran (AP) — Iran will surpass the uranium-stockpile limit set by its nuclear deal in the next 10 days, an official said Monday, raising pressure on Europeans trying to save the accord a year after the U.S. withdrawal lit the fuse for the heightened tensions now between Tehran and Washington.

Hours later, the two countries seemed locked in a standoff when the Pentagon announced it was sending about 1,000 additional American troops to the Middle East to bolster security in the region in the face of what U.S. officials said was a growing threat from Iran.

Chinese diplomat says Huawei able to serve Egypt in developing tech industry

CAIRO, June 17 (Xinhua) -- Huawei, world's major network equipment supplier, "could serve Egypt in making a leap-forward development for its technology industry," said Xiao Junzheng, charge d'affaires of the Chinese Embassy in Cairo, on Monday.

"Huawei could provide valuable opportunities for developing countries to adopt the latest technology achievements and accelerate industrialization," Xiao said in his speech at the fifth Euro-Mediterranean Finance Conference, titled "MEDA Finance."

Russia pays special attention to investment dialogue with South Korea

MOSCOW, June 17. /TASS/: Moscow is very much interested in boosting investment cooperation with Seoul, Russian Foreign Minister Sergey Lavrov said at a press conference following talks with his South Korean counterpart Kang Kyung-Wha on Monday.

"As for strengthening positive trends, we have paid special attention to the prospects of implementing major investment projects, particularly given the role of the joint commission on trade, economic, scientific and technical cooperation," he said.

France, Germany, Spain back new fighter jet

LE BOURGET, France (AP) — The Latest on the Paris Air Show (all times local):

12:20 p.m.

France, Germany and Spain have agreed to develop a joint European fighter jet and air combat system that could also control drones and satellites.

With a model of the jet as a backdrop, defense ministers from the three countries signed an agreement Monday at the Paris Air Show that lays out how the countries will cooperate on the project, which would include a new-generation combat aircraft. French President Emmanuel Macron presided over the signing.

US senator says Iran deal pullout was foolish

TEHRAN, Iran (AP) — The Latest on developments in the Persian Gulf region amid rising tensions between Iran and the U.S. (all times local):

4:10 p.m.

A U.S. senator says Iran’s decision to break its uranium stockpile limit under the 2015 nuclear deal puts his country in a bind.

Senator Patrick Leahy, a Democrat and vocal opponent of President Donald Trump, said on Monday that Trump’s decision to pull out of the 2015 accord curbing Iran’s nuclear powers was “foolish.”

US companies' message to Trump: Don't expand China tariffs

WASHINGTON (AP) — What happens if President Donald Trump carries out his threat to impose tariffs on the remaining $300 billion in Chinese goods that he hasn’t already hit with 25% import taxes?

A New Hampshire fireworks company says it would have to raise prices, likely lose business and force some small towns to cancel their Fourth of July fireworks displays.

A Minnesota motorcycle maker warns that it would lose business to foreign rivals that don’t have to pay taxes on Chinese parts.

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