• Venezuela Oil Sanctions Pose a Challenge for Chevron and Valero, Analysts Say
Venezuela Oil Sanctions Pose a Challenge for Chevron and Valero, Analysts Say

It's unclear how much Venezuelan oil will be diverted because, under the sanctions , US refiners will still be able to buy oil from PDVSA but the proceeds from the transactions will be set aside for the use of a new government in Venezuela .

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  • US Charges Huawei, Affiliates, CFO With Conspiracy, Stealing Trade Secrets
US Charges Huawei, Affiliates, CFO With Conspiracy, Stealing Trade Secrets

The Justice Department says that Meng is specifically charged with bank fraud, wire fraud and conspiracies to commit bank and wire fraud. The Justice Department also accused Huawei of conspiring to steal trade secrets from a competitor, T-Mobile.

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  • Oil climbs on Venezuelan crisis despite surging US supply
Oil climbs on Venezuelan crisis despite surging US supply

Trump's recognition of Guaido as Venezuela's leader appears to be a starting point, says Risa Grais-Targow, director for Latin America at risk consultancy Eurasia Group. They've come to rely on the cheap and extra heavy crude found in Venezuela . “As we shuffle into seasonal maintenance, it is no surprise to see refinery runs dropping, but thi...

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  • Venezuelan oil exports to US still a primary source of cash
Venezuelan oil exports to US still a primary source of cash

Crude inventories rose by 6.6 million barrels in the week ended January 18 to 443.6 million, compared with analysts' expectations for a decrease of 42,000 barrels, the API said. Crude oil prices were mixed Thursday, with US crude boosted by the threat of sanctions on Opec member Venezuela . "The oil market is partially pricing in the risk to V...

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  • Vodafone puts Huawei rollout in core networks on hold
Vodafone puts Huawei rollout in core networks on hold

A charity founded by Britain's Prince Charles said on Thursday it's not accepting any more donations from Huawei, the latest setback for the Chinese telecom giant as it battles allegations it's a cybersecurity risk. The leading supplier of network switching gear for phone companies, Huawei Technologies Ltd.is spending heavily to develop its own chi...

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  • Microsoft's Search Engine Banned in China
Microsoft's Search Engine Banned in China

Bing had been allowed to operate in China after agreeing to censor its search results to remove "politically sensitive" content but its closure may reflect Beijing's intolerance of foreign tech companies, particularly ahead of the 30-year anniversary of its bloody crackdown on student demonstrators in Beijing.

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  • China's Growth Slumps to Lowest Since 1990
China's Growth Slumps to Lowest Since 1990

Numbers released by the National Bureau of Statistics today put the population at 1.395 billion in 2018, marking a growth rate of.38 per cent over the previous year. India, the world's second most populous nation, has also been experiencing slower population growth. China's economic slowdown is not news in itself.

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  • Democrats Aren't Buying Trump's Shutdown-Ending 'Compromise'
Democrats Aren't Buying Trump's Shutdown-Ending 'Compromise'

In his speech, Mr. Trump cited the "humanitarian crisis" at the border, where he said young children were being "exploited" by coyotes and women were being sexual assaulted. Senate Minority Whip Dick Durbin also said in a statement that he would not support the rumored deal before the speech. McConnell laid out his plan in a private call wi...

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  • Chinese envoy to Canada warns against any future Huawei 5G ban
Chinese envoy to Canada warns against any future Huawei 5G ban

Canada detained Ren's daughter, Meng Wanzhou, who is Huawei's chief financial officer, in December at the request of USA authorities investigating an alleged scheme to use the global banking system to evade US sanctions against Iran. Australia , New Zealand , Japan, and England and France have already agreed and Poland and The Czech Republic seem ...

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  • Cadillac Teases Photo Of Its First Electric Vehicle
Cadillac Teases Photo Of Its First Electric Vehicle

Last week, GM announced that its 116-year-old Cadillac luxury brand would take the lead on the carmaker's electrification strategy . Cadillac did not disclose a name, price, or release date for the electric auto. GM said its gearing up to position Cadillac as a luxury rival to the current segment leader, Tesla . The launch of the EV i...

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  • Pew Poll: Border wall supporters, detractors won’t concede to end shutdown
Pew Poll: Border wall supporters, detractors won’t concede to end shutdown

Today, I wrote to @realDonaldTrump recommending that we delay the State of the Union until after government re-opens, as the @SecretService , the lead federal agency for #SOTU security, faces its 26th day without funding. Democrats say they will discuss border security once the government has reopened, but Pelosi is refusing money for the wall th...

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  • British PM Theresa May faces confidence vote after Brexit defeat
British PM Theresa May faces confidence vote after Brexit defeat

And the result of the critical vote wasn't even particularly close. Tuesday's vote in the UK's House of Commons was supposed to finally provide some clarity on Brexit. Mr Boles is part of a group of Tory and Labour MPs who are pushing for a Norway-style soft Brexit which would keep the United Kingdom tied to the EU customs union and single ma...

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  • Beijing rebukes Trudeau for remarks on drug dealer
Beijing rebukes Trudeau for remarks on drug dealer

Monday's death sentence for Canadian Robert Schellenberg for smuggling 222 kg of methamphetamines became the latest strain on ties. Zhang said while the court's actions were all lawful, they were also "abnormal". "Whatever Canada does, it is the rule of law, but whatever China does is not". Canada also updated its travel advisory regarding Ch...

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  • Alinea owner invites Clemson football team to ‘an actual celebration dinner’
Alinea owner invites Clemson football team to ‘an actual celebration dinner’

White House spokeswoman Sarah Huckabee Sanders told reporters that the economy remained strong. The next morning, Trump posted a video showing players posing and speaking with him during the event. Or do I go out ... and send out for about 1,000 hamburgers. Ayesha Curry is a successful chef who opened her " International Smoke " restaurant in...

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  • Rep. Ocasio-Cortez says to serve on financial services panel
Rep. Ocasio-Cortez says to serve on financial services panel

Yet progressives like Ocasio-Cortez, who has called for the biggest banks to be broken up, is expected to use the panel as a platform to call for more scrutiny of financial firms. The appointment represents a vote of confidence from party leadership after Ocasio-Cortez was left off the House Ways and Means Committee, which oversees economic policy ...

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  • Tampa Airport sets up food bank for unpaid TSA employees
Tampa Airport sets up food bank for unpaid TSA employees

TSA workers have been calling in sick in increasing numbers over the past week at some airports. Wait times to pass through security were "over an hour" at Hartsfield-Jackson Atlanta International's main checkpoint for domestic flights, the airport said on its website.

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  • Apple's vision for iPhone is extra cameras
Apple's vision for iPhone is extra cameras

Notably, the new report is in agreement with another a render that came out earlier month giving a glimpse of what iPhone XI could hold for us in 2019. It isn't clear whether Apple is planning to introduce any major features for the iPhone XR successor, or whether it will just be all about spec upgrades.

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  • Asian shares rally on hopes for China-US trade breakthrough
Asian shares rally on hopes for China-US trade breakthrough

Beijing said that the three-day closed-door talks, which ended on Wednesday, "enhanced mutual understanding and established a foundation for solving each other's concerns". United States treasury officials have made the case that market volatility is in part due to the tightening of USA monetary policy, and a result of the trade war with China.

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  • Kim Jong Un heads home via train after two-day Beijing visit
Kim Jong Un heads home via train after two-day Beijing visit

According to the official readout by China's Xinhua News Agency of Kim and Xi's meeting this week in Beijing , Xi "supported [North Korea] and the United States holding summits and achieving results". concessions such as sanctions relief. "China has been an important force in promoting the political settlement of the Korean Peninsula nuclear i...

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  • Banned from CES, Ose Sex Toy Maker Accuses Showrunners of Sexism
Banned from CES, Ose Sex Toy Maker Accuses Showrunners of Sexism

Gary Shapiro, CEO of CES organizer Consumer Technology Association, says every company is a technology company these days. The firm had submitted its Osé personal massager into the robotics and drone product category. Lite-On's camera-based Driver Monitoring System (DMS) technology, which can determine a driver's level of attentiveness, by moni...

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