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This photo illustration shows a logo of Chinese telecoms giant Huawei at a shopping mall in Kuala Lumpur on February 13, 2019. (Photo by Mohd RASFAN - AFP)

US to ease Huawei trade restrictions with heavy caveats

The Trump administration has clarified how it plans to ease the restrictions on US companies trading with Huawei. Officials said that the Chinese tech giant would remain on the Entity List, but that licenses to trade with the company would be issued under certain circumstances. Huawei was placed on the Entity List back in May, which means US companies are unable to sell technology to the company without government approval.
A meeting between US President Donald Trump and Russian President Vladimir Putin will go ahead on Saturday on the sidelines of the G20 summit in Argentina, the Kremlin said Thursday. Getty Images

Donald Trump, Vladimir Putin to meet at G20 summit

President Donald Trump and Russian President Vladimir Putin will meet Friday for the first time since special counsel Robert Mueller released his report detailing Russia’s “sweeping and systematic” campaign to disrupt the 2016 election in Trump’s favor.
An employee shows US dollar banknotes at a foreign currency brokerage office in Khartoum on October 7, 2018. - Sudan slashed the official value of its currency against the US dollar by more than half on October 7, the third devaluation this year in the face of a mounting economic crisis. (Photo by ASHRAF SHAZLY / AFP)

Dollar moves up to one-week high against yen

The dollar on Thursday edged up to a one-week high against the safe-haven yen as some of the jitters ahead of the G20 summit in Japan eased amid hopes for progress in resolving the Sino-U.S. trade war.
Organisation of Petroleum Exporting Countries (OPEC) | Reuters

Oil prices drop as traders wait for G20, OPEC+ meetings

Oil prices fell on Thursday to erase some of the previous session’s strong gains, as traders wait for the G20 summit in Japan and for a meeting of OPEC and other crude producers to decide on an extension of output cuts.
North Korean and American officials are holding behind-the-scenes talks to arrange a third summit between President Donald Trump and Kim Jong Un, South Korea's president said on Wednesday.

US, North Korea in talks to set up third Trump-Kim summit

North Korean and American officials are holding "behind-the-scenes talks" to arrange a third summit between President Donald Trump and Kim Jong Un, South Korea's president said on Wednesday.
US crude oil

Oil prices drop amid demand worries, but US-Iran tensions help

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East.

Oil prices drop amid demand worries

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East, Reuters reported.
Dollar

Dollar slips on Fed prospects

The dollar hit a multi-month low against the euro and the yen on Tuesday on the prospects of monetary easing by the Federal Reserve while the safe-haven Swiss franc and gold rose on Middle East tensions.

China’s Xi Jinping arrives in North Korea

Chinese President Xi Jinping arrived in Pyongyang on Thursday accompanied by a clutch of senior officials, as Beijing looks to bolster North Korea a week before Xi and U.S. President Donald Trump are due to meet amid a bitter trade dispute.
Dollar

Stocks, currencies firm up ahead of US Fed outcome

Emerging market stocks rose on Wednesday while developing world currencies broadly firmed against the dollar as investors counted on the U.S. Federal Reserve’s outlook later today to match their expectations of lowering U.S. borrowing costs.

Korean Peninsula: China supports North Korea’s decision

Chinese President Xi Jinping said North Korea is taking the “right direction” by politically resolving issues on the Korean Peninsula in a rare op-ed published by a North Korean state newspaper on Wednesday, a day before Xi visits Pyongyang to meet North Korean leader Kim Jong Un.
China’s Huawei has had to battle suspicions and worries about the security of its networking equipment for many years, which most recently culminated in it being placed on a US blacklist by the Trump administration.

Vladimir Putin slams attempts to ‘push’ Huawei from global markets

Russian President Vladimir Putin on Friday slammed the US moves against Chinese tech giant Huawei, which has signed a deal to develop a 5G network in Russia.
China’s Huawei has had to battle suspicions and worries about the security of its networking equipment for many years, which most recently culminated in it being placed on a US blacklist by the Trump administration.

Huawei signs deal to develop 5G in Russia

The Chinese telecom giant has concluded a deal with one of Russia’s leading mobile and internet providers amid US pressure on Huawei. Citing security concerns and accusing the firm of being too close to the Chinese government, the US has barred Huawei equipment from American soil and is pressing allies to do the same.
Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, attended a gathering marking the 70th anniversary of the establishment of diplomatic relations between the two countries.

China, Russia commemorate 70th anniversary of diplomatic ties

Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, attended a gathering marking the 70th anniversary of the establishment of diplomatic relations between the two countries.
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Wrecked mosques, police watch: A tense Ramadan in Xinjiang

The corner where Heyitkah Mosque in China’s restive Xinjiang region once hummed with life is now a concrete parking lot where all traces of the tall, domed building have been erased.

Donald Trump to meet Xi Jinping after defiant China hits US with new tariffs

U.S. President Donald Trump said on Monday he would meet Chinese President Xi Jinping next month as the trade war between the world’s two largest economies intensified, sending shivers through global markets.
Japan’s Prime Minister Shinzo Abe delivers a policy speech at the start of the extraordinary Diet session in Tokyo on January 28, 2019. (Photo by Martin BUREAU - AFP)

Japanese premier Shinzo Abe ready to meet North Korea’s Kim ‘unconditionally’: media

Japanese Prime Minister Shinzo Abe has offered to meet North Korean leader Kim Jong Un “unconditionally” in a bid to restore diplomatic ties between the two historic foes, a daily said Thursday.
This picture taken on April 25, 2019 and released by North Korea’s official Korean Central News Agency (KCNA) on April 26 shows Russian President Vladimir Putin (R) and North Korean leader Kim Jong Un attending a reception following their talks at the Far Eastern Federal University campus on Russky island in the far-eastern Russian port of Vladivostok. (Photo by KCNA VIA KNS / KCNA VIA KNS / AFP) / South Korea OUT / REPUBLIC OF KOREA OUT

Kim Jong Un: US acting in ‘bad faith’

Kim Jong Un has accused the US of acting in “bad faith” in talks on its nuclear arsenal, his state media said Friday, as the North Korean leader left Russia following his first summit with President Vladimir Putin.

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FRSC announces partial closure of Lagos-Ibadan highway

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