Monthly Archives: September 2019

Lawyers for Huawei CFO detail record requests to prove her rights were violated

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Lawyers for Huawei Chief Financial Officer Meng Wanzhou detailed a list of emails, notes and other records they are seeking to prove that her rights were violated before her December arrest at Vancouver’s airport, according to a court document released on Monday.





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On U.S. delisting threat, China says 'decoupling' would harm both sides

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China warned on Monday of instability in international markets from any “decoupling” of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from U.S. stock exchanges.





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Volkswagen rejects judge's call to settle German class action on emissions

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Volkswagen on Monday rejected a German judge’s call to settle a customer class action lawsuit over its rigging of diesel emissions tests, saying there was no case to answer.





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Exclusive: Fintech firm Revolut to hire 3500 staff in global push with Visa

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British-based digital banking app Revolut is set to hire around 3500 staff as it expands into 24 new markets thanks to a new global deal with payments giant Visa Inc, the two companies said on Monday.





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World shares steady as investors shrug off U.S. delisting threat

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World shares on Monday largely shrugged off reports that Washington is considering delisting Chinese companies from U.S. stock exchanges, with market players downplaying the likelihood of such radical escalation of the U.S.-China trade war.





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Drones used to track down fugitive in China

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Fugitive arrested by policeImage copyright The Yongshan Police/ChinaNews
Image caption After 17 years, the fugitive was tracked down by a drone

Chinese police have arrested a fugitive who’d been on the run for 17 years, after they used drones to spot his cave hideout.

The 63-year old, named Song Jiang by the police, had been jailed for trafficking women and children but escaped from a prison camp in 2002.

He had been living in a tiny cave cut off from human interaction for years.

Yongshan police received clues about Song’s whereabouts in early September, they said on their WeChat account.

Those clues led them to the mountains behind his hometown in Yunnan province in south-west China.

Image copyright The Yongshan Police/ChinaNews
Image caption Drones spotted the cave on a steep hillside

After regular searches failed to find anything, authorities sent additional drones to help the officers.

The drones eventually spotted a blue-coloured steel tile on a steep cliff as well as traces of household rubbish nearby.

Police then moved in on foot and found Song in a small cave where he’d been hiding for years.

According to the police, the man had been living in seclusion for so long that it was difficult for him to communicate with the officers.

State media said the man had used plastic bottles to get drinking water from a river, and had used branches of trees to make fire.

He has been sent back to jail.

Image copyright The Yongshan Police/ChinaNews
Image caption The inside of the cave was about 2 sq metres (6.6 sq feet)

Oil prices climb as positive China factory data eases demand concerns

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Oil prices edged up on Monday after China’s factories unexpectedly ramped up production in September, easing concerns about demand at the world’s largest crude importer amid an ongoing trade war with the United States.





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Forever 21 files for bankruptcy

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Fashion retailer Forever 21 Inc said on Sunday it has filed for Chapter 11 bankruptcy protection to restructure its business, joining a growing list of brick-and-mortar players who have taken a hit from fierce e-commerce competition .





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Boeing omitted safeguards on 737 MAX that were used on military jet: WSJ

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Boeing Co engineers working on the 737 MAX passenger plane’s flight-control system omitted safeguards included in an earlier version of the system used on a military tanker jet, The Wall Street Journal reported on Sunday, citing people familiar with the matter.





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Exclusive: Nasdaq cracks down on IPOs of small Chinese companies

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Nasdaq Inc is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers.





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