Finance

China-Australia rift deepens as Beijing tests overseas sway

Australia’s ban on Chinese telecoms giant Huawei’s involvement in its future 5G networks and its crackdown on foreign covert interference are testing Beijing’s efforts to project its power overseas. In its latest maneuver, China sent three scholars to spell out in interviews with Australian media and other appearances steps to mend the deepening rift with

China-Australia rift deepens as Beijing tests overseas sway Read More »

Billionaire, friend get no-jail plea deal in Vegas drug case

A billionaire California technology firm founder and his friend took no-jail plea deals Wednesday that had them donate $1 million to charities while not admitting guilt in a Las Vegas Strip hotel room drug investigation. Henry Thompson Nicholas III and co-defendant Ashley Christine Fargo stood with their attorneys in court and entered so-called “Alford pleas”

Billionaire, friend get no-jail plea deal in Vegas drug case Read More »

Tesla’s 3Q car sales accelerate, but miss analysts’ target

Tesla’s electric car sales accelerated again during the summer, but the company is still lagging behind the pace it needs to reach CEO Elon Musk’s goal for the entire year. The company delivered 97,000 vehicles from July through September, more than in any other three-month period in its history. The performance increased Tesla’s sales for

Tesla’s 3Q car sales accelerate, but miss analysts’ target Read More »

The Latest: US plans tariffs on EU cheese, wine, aircraft

The Latest on the World Trade Organization’s ruling over EU’s Airbus subsidies (all times local): 10:55 p.m. Gouda cheese, single-malt whiskey and large aircraft are among the European imports the Trump administration plans to hit with tariffs after receiving the go-ahead Wednesday from the World Trade Organization in a case involving illegal European Union subsidies

The Latest: US plans tariffs on EU cheese, wine, aircraft Read More »

Microsoft previews dual-screen Surface devices out in a year

Microsoft’s new lineup of Surface computers includes two dual-screen devices that won’t be out for another year. The smaller one, an Android phone called Surface Duo, will mark Microsoft’s re-entry into smartphones, a market the company abandoned after flops with its own operating system and an ill-fated purchase of smartphone maker Nokia. “I believe the

Microsoft previews dual-screen Surface devices out in a year Read More »

Stocks extend slide on increasing economic growth concerns

U.S. stocks extended their losses into morning trading on Wednesday as investors headed for safer holdings amid worrying economic data and lingering trade disputes. Investors are still hunkering down following a dismal manufacturing report on Tuesday that sent the market to its sharpest loss in five weeks. The report increased fears that a trade war-induced

Stocks extend slide on increasing economic growth concerns Read More »

Boris Johnson: UK is offering Brexit ‘compromise’ to EU

The U.K. will offer the European Union a proposed Brexit deal on Wednesday that represents a compromise for both sides, British Prime Minister Boris Johnson said as he urged the bloc to meet Britain halfway and allow for the country’s orderly departure after years of wrangling. Johnson’s speech to Conservative Party members at their annual

Boris Johnson: UK is offering Brexit ‘compromise’ to EU Read More »