Tuesday 11 December 2018

China detains former Canadian diplomat as Huawei CFO returns to court

China detains former Canadian diplomat as Huawei CFO returns to court

Canada confirmed on Tuesday that one of its citizens was detained in China but said it saw no explicit connection to the arrest in Vancouver of a top executive at Chinese telecoms giant Huawei Technologies Co.

U.S. weighs China travel warning over Huawei case: sources

The United States is considering issuing a new warning to U.S. citizens, including business executives, traveling to China after Canada arrested a senior Huawei Technologies Co Ltd [HWT.UL] executive at Washington's request, two sources said on Tuesday.

Avianca Brasil files for bankruptcy, citing jet repossession threat

Brazil's fourth-largest airline, Avianca Brasil, filed for bankruptcy protection on Monday, saying its operations had been threatened by potential repossession of aircraft, which could prevent the carrier from continuing to operate.

Google has 'no plans' to launch Chinese search engine: CEO

Google has "no plans" to relaunch a search engine in China though it is continuing to study the idea, Chief Executive Sundar Pichai told a U.S. congressional panel on Tuesday amid increased scrutiny of big tech firms.

Global stocks choppy on political sparring, oil climbs

A gauge of global stock markets edged higher in volatile trade on Tuesday as investors waded through a chunk of geopolitical headlines, including threats by U.S. President Donald Trump to shut down the government over a funding fight and signs of a thaw in the U.S.-China trade battle.

Dow, S&P 500 end choppy session down slightly

The S&P 500 and Dow ended a volatile session down slightly on Tuesday as investor optimism over China-U.S. trade talks was offset by U.S. President Donald Trump's threat to shut down the U.S. government and by political uncertainty in Britain.

U.S. voices concern about detention of Canadian in China

The U.S. State Department expressed concern on Tuesday about reports a Canadian citizen has been detained in China following the arrest of Huawei Technologies' [HWT.UL] chief financial officer in Canada, and it urged Beijing to end arbitrary detentions.

McDonald's to curb antibiotic use in its beef supply

McDonald's Corp said on Tuesday it plans to reduce the use of antibiotics in its global beef supply, fueling projections that other restaurants will follow suit.

UK to continue to grant contracts to embattled Interserve: FT

Britain's government will continue granting contracts to Interserve Plc as the debt-laden British outsourcing company battles to avoid a Carillion-style collapse, the Financial Times reported on Tuesday.

Defunct startup Sidecar sues Uber: 'hell-bent on stifling competition'

Defunct startup Sidecar Technologies Inc, which pioneered on-demand ride-hailing, is suing Uber Technologies Inc [UBER.UL], alleging it engaged in predatory pricing and anticompetitive practices that ultimately put Sidecar out of business.

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