|  | | | | | | | | | Huawei | | The United States has temporarily eased trade restrictions on China’s Huawei to minimize disruption for its customers, a move the founder of the world’s largest telecoms equipment maker said meant little because it was already prepared for U.S. action. On Monday, the Commerce Department granted Huawei a license to buy U.S. goods until Aug. 19 to maintain existing telecoms networks and provide software updates to Huawei smartphones. The Chinese company is still prohibited from buying American-made hardware and software to make new products without hard-to-obtain licenses.
| | | | | Highlights | | A U.S. judge ruled in favor of a U.S. House of Representatives committee seeking Trump’s financial records from his accounting firm, dealing an early setback to the Trump administration in its legal battle with Congress. U.S. District Judge Amit Mehta in Washington also denied a request by Trump to stay his decision pending an appeal. | | | | Foreign investors remained enthusiastic about China, the foreign ministry said, following Trump’s claim that his tariffs are causing companies to move production away from the world’s second largest economy. No further trade talks between top Chinese and U.S. trade negotiators have been scheduled since the last round ended on May 10 - the same day Trump raised the tariff rate on $200 billion worth of Chinese products to 25% from 10%. | | | | After two years of breakneck growth, property markets in provincial cities like Zhengzhou finally reached a turning point in late 2018. That has presented a policy challenge for the Chinese government, which has been attempting to spread wealth beyond the country’s rich coastal regions to the interior. | | | | | | Austrian motor racing great and three-times Formula One champion Niki Lauda, who survived fiery crash, dies at 70 https://reut.rs/2HFkSZk 4:50 AM - May 21, 2019 | | | | | | | | | | | World | | Thirty years after the fall of the Berlin Wall, Bodo Ramelow, premier of the eastern state of Thuringia, thinks it might be time for a new national anthem for a reunited Germany. The proposal is radical, but with most of the former East Germany voting in regional elections this year that will test Chancellor Angela Merkel’s fractious coalition, the eastern Germans’ feelings are uppermost in many politicians’ minds. | | | | | | | | Indonesian President Joko Widodo comfortably won re-election in last month’s poll, an official count showed, throwing the spotlight on his opponent Prabowo Subianto who has refused to concede defeat after claiming widespread cheating. The General Election Commission confirmed counts issued by private pollsters that showed incumbent Widodo won the April 17 election by 11 percentage points. Independent observers and analysts have said the poll was free and fair, but Prabowo and his campaign team have alleged “massive cheating and irregularities” during the vote and vote-counting. Here is a look at how a dispute over Indonesia's election is likely to unfold. | | | | | | | | An international trade fair in North Korea this week may be the largest such event on record, analysts said, with hundreds of Chinese and other foreign vendors taking part despite sanctions pressure. The 22nd Pyongyang Spring International Trade Fair opened on Monday with a ceremony hosted by top economic officials, North Korean state news agency KCNA reported. More than 450 companies from North Korea, China, Russia, Pakistan, Poland and “other countries and regions” showcased a range of products at the fair, KCNA said.
| | | | | | | | | | | | | Autos | | The automaker said it would establish a green-tech research institute with Tsinghua University and provide state-owned BAIC Group’s Foton unit with fuel-cell technology for buses. But before it could feel comfortable unveiling those plans, Toyota put in months of work to pledge fresh investment - in the United States. 7 min read | | | | Japan’s automakers’ lobby said it was dismayed by Trump’s declaration that some imported vehicles and parts posed a threat to U.S. national security, as the industry braces for a possible rise in U.S. tariffs. “We are dismayed to hear a message suggesting that our long-time contributions of investment and employment in the United States are not welcomed,” said Akio Toyoda, chairman of the Japan Automobile Manufacturers Association.
2 Min Read | | | | Major automakers have announced a slew of investments in the U.S. since Trump took office in January 2017 and exerted pressure on the industry to create more U.S. jobs. China is also attracting much investment, with companies keen to increase their share of the world’s largest car market. Here are summaries of investments and restructuring efforts made by major automakers in the U.S. and China since 2017. Some did not respond to requests for information or only provided details for one country. 6 min read | | | | | | | | | | | | | Top Stories on Reuters TV | | | | | | | |
