Sunday, June 23rd, 2019

 

Carrefour sells China business to Suning.com

PARIS, June 23 — French supermarket giant Carrefour said today it had agreed to sell 80 per cent of its China business to leading Chinese retailer Suning.  One of the world’s biggest food retailers, the French group is in the middle of a…


Libyan oil firm warns disrupting sector would fuel conflict

TRIPOLI, June 23 — Libya’s National Oil Company has warned that any bid to tamper with the sector could escalate unrest in the conflict-hit country, after the parliamentary speaker called for a halt to production. In a statement issued late…


Southeast Asian leaders emphasise economic strength in face of US-China tensions

BANGKOK, June 23 — Southeast Asian leaders agreed today to work together on regional economy and security to strengthen their positions amid growing US-China tensions, as they wrapped up this year’s first summit in Bangkok. The 10-member…


FedEx, in another error, misses delivery of Huawei package to US

NEW YORK, June 23 — FedEx Corp said today an operational error prevented a Huawei Technologies package from being delivered to the United States, just weeks after the US delivery company said an error led to the Chinese firm’s packages being…


Protectionism slammed as South-east Asian leaders rally to trade pact

BANGKOK, June 23 — Thailand’s premier made an impassioned plea against protectionism today at a meeting of South-east Asian leaders where the fallout from the US-China tariff war has dominated talks.  A controversial repatriation plan for…


FedEx cites ‘operational error’ for not delivering Huawei phone to US

FedEx Corp said an “operational error” caused a Huawei Technologies Co Ltd phone to not be delivered to the United States and the package delivery company apologised for the error, the Global Times reported on Sunday.

“FedEx can accept and transport all Huawei products except for any shipments addressed to listed Huawei entities on the US Entity List,” FedEx said in a statement cited by the newspaper.

Global Times is a tabloid published by the ruling Communist Party’s People’s Daily.

China launched an investigation into FedEx Corp earlier this month over parcels delivered to the wrong address, without giving details about the deliveries in question.

China’s state news agency Xinhua had said back then that the investigation into FedEx over misdirected mail should not be regarded as retaliation against the US company, amid worsening trade relations between China and the United States.

The United States and China have been engaged in a trade dispute for months on issues such as tariffs, subsidies, technology, regulations and cyber security, among others, with Washington putting Huawei on a blacklist last month citing national security.

FedEx did not respond immediately to a Reuters request for comment early on Sunday.


FedEx cites ‘operational error’ for not delivering Huawei phone to US – report

FedEx Corp said an “operational error” caused a Huawei Technologies Co Ltd phone to not be delivered to the United States and the package delivery company apologised for the error, the Global Times reported on Sunday.

“FedEx can accept and transport all Huawei products except for any shipments addressed to listed Huawei entities on the US Entity List,” FedEx said in a statement cited by the newspaper.

Global Times is a tabloid published by the ruling Communist Party’s People’s Daily.

China launched an investigation into FedEx Corp earlier this month over parcels delivered to the wrong address, without giving details about the deliveries in question.

China’s state news agency Xinhua had said back then that the investigation into FedEx over misdirected mail should not be regarded as retaliation against the US company, amid worsening trade relations between China and the United States.

The United States and China have been engaged in a trade dispute for months on issues such as tariffs, subsidies, technology, regulations and cyber security, among others, with Washington putting Huawei on a blacklist last month citing national security.

FedEx did not respond immediately to a Reuters request for comment early on Sunday.


Aussie watchdog readies clampdown on Google, Facebook

SYDNEY, June 23 — Australia’s competition watchdog is poised to call for far-reaching new regulations on Facebook, Google and other tech giants which could have global ramifications for how they make money and choose the content people consume….


Under Trump, currencies may become next global battleground

WASHINGTON, June 23 — President Donald Trump’s renewed focus on what he calls “unfair” exchange rates could presage a new global battlefield that has the potential to do great damage to the world economy. Trump has spent two years attacking…


WTO chief says states preparing for trade court shutdown

GENEVA, June 23 — The head of the World Trade Organisation said Thursday that member states are preparing for a shutdown of the body’s dispute settlement system, following months of deadlock triggered by the United States.  The WTO’s…