Trump hits Huawei in final anti-China flurry

Trump hits Huawei in final anti-China flurry

(ATF) The Trump administration is keeping up a torrent of anti-China rules in the final days before Biden takes over as president on Wednesday, including another swipe at Huawei and new guidance to US government departments to reduce procurement of Chinese goods and services. President Biden is expected to launch …

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China slams Trump's 'naked bullying' of Huawei over latest curbs 

China slams Trump's 'naked bullying' of Huawei over latest curbs 

(ATF) China has strongly criticized the Trump Administration for its "unprovoked suppression of Chinese companies" and "naked bullying" over its move on Sunday to revoke licences for chip manufacturer Intel and other suppliers so they can no longer sell products to Huawei. Foreign Ministry spokeswoman Hua Chunying said: “China has …

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Biden set to ditch $9 billion Keystone XL oil pipeline plan 

Biden set to ditch $9 billion Keystone XL oil pipeline plan 

US President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office. Outgoing President Donald Trump had made building the pipeline – which would move oil from the Canadian province of Alberta to Nebraska – a …

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US raps Vietnam over currency

US raps Vietnam over currency

WASHINGTON: President Donald Trump's administration said on Friday Vietnam's actions to push down the value of its currency are "unreasonable" and restrict US commerce, but did not take immediate action to impose punitive tariffs. Releasing the results of its so-called Section 301 investigation into Vietnam's currency practices, the US Trade …

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UK's Deliveroo raises $180 million

UK's Deliveroo raises $180 million

LONDON: British food-delivery company Deliveroo said on Sunday it had raised a further $180 million from existing investors, including minority shareholder Amazon, in a move that values the business at more than $7bn. Deliveroo is set to hold an initial public offering in the coming months, in what would be …

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Biden proposes third massive relief package, vaccine ramp-up 

Biden proposes third massive relief package, vaccine ramp-up 

(ATF) President-elect Joe Biden will propose a third massive relief package of about $1.9 trillion when he takes office next week, amid concern that the US economy's rebound has been deflated by the coronavirus resurgence. Part of Biden's plan is to massively ramp up vaccinations, to see if the country …

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Fast stimulus payments processing pushes digital banking adoption in US

Fast stimulus payments processing pushes digital banking adoption in US

(Reuters) Digital banks including Chime, Varo and Current have won over more US customers during the coronavirus pandemic by processing stimulus payments quickly, setting them apart from traditional banks and generating valuable word-of-mouth referrals. In some cases, the companies pre-funded deposits they expected their customers to receive from the Treasury …

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