North Korea said Saturday it successfully performed another “crucial test” at its long-range rocket launch site that would further strengthen its “reliable strategic nuclear deterrent.” The announcement comes as North Korea continues to pressure the Trump administration over an end-of-year deadline set by leader Kim Jong Un to salvage faltering nuclear negotiations. North Korea’s Academy of Defense Science did not ...

The limited trade deal that the Trump administration and Beijing announced Friday means Americans will avoid a holiday tax increase on imported toys, clothing and smartphones. U.S. farmers can sell more soybeans and pork to China. And American companies should face less pressure to hand over trade secrets to Beijing. But what the administration gained from the so-called Phase 1 ...

China reported accelerating shipments of 5G handsets in November as smartphone makers race to tap the emerging market. A total of 5.074 million 5G smartphones were shipped last month, exceeding the combined shipments of the previous 10 months, data from the China Academy of Information and Communications Technology (CAICT) showed. China’s 5G smartphone shipments reached 8.355 million sets in the ...

Wall Street share markets hit a record high on signs of an imminent pause in the trade war between the US and China, reports BBC. Business chiefs who met White House officials on Thursday hinted that a deal could come this week. It would avert another round of tariffs that the US was due to impose on China on Sunday.President ...

Facebook’s stock dropped almost 3% in regular trading after news reports suggested that the FTC may take antitrust action to prevent Facebook from integrating its disparate messaging apps. The reports said the Federal Trade Commission may seek a court injunction that would block Facebook’s “interoperability” plans for Facebook Messenger, WhatsApp and Instagram, which involves revising them to use the same ...

British authorities are asking Amazon to address concerns that its plan to buy a stake in food delivery platform Deliveroo could damage competition between businesses that do takeaways and those that deliver groceries. The Competition and Markets Authority gave the online shopping shopping behemoth five days to come up with legally binding proposals to address the competition concerns identified Wednesday. ...

The U.S. dollar declined against the euro on Tuesday after upbeat German economic data boosted the common currency. A monthly survey published Tuesday by a German economic research institute showed the economic sentiment for Germany has risen sharply in December 2019, buoyed mainly by better-than-expected exports data. The Leibniz Center for European Economic Research in Mannheim (ZEW) said the latest ...

The Australian government has released its proposed new online safety laws aimed at preventing the spread of harmful material. Paul Fletcher, the minister for Communications, unveiled the Online Safety Act in a speech to the National Press Club on Wednesday, urging technology giants such as Google and Facebook to “step up” in tackling the dangers of the internet. If passed ...

NASA administrator Jim Bridenstine and the media got an up-close look Monday at a huge, newly completed rocket for the program aimed at putting a man and woman on the moon as early as 2024. Bridenstine was in New Orleans to see the first of the “core stage” rockets for NASA’s Space Launch System at the Michoud Assembly Center, where ...

European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said Monday. The world’s two biggest economies have been entangled in a lingering trade war for over a year, which has weighed on the global economy and resulted in ...