Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th


Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. In its heyday in th
Toys R Us built a kingdom and the world’s biggest toy store. Then, they lost it. Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


Toys R Us built a kingdom and the world's biggest toy store. Then, they lost it.

The toy emporium that Charles P. Lazarus envisioned has been reduced to dusty floors and empty shelves.

Much has been said about the demise of the toy empire, which this week announced its plan to liquidate. There have been fingers pointed at corporate raiders, Amazon and big-box stores. All contributed to its undoing.

Ultimately, though, Toys R Us’ collapse is a story of loyalty run dry. The store in its early days fostered devotion from customers and toymakers. In the end, it lost hold on both.

Toys R Us’ status as the most important toy store in town left it cavalier, if cocky at times, according to conversations with former employees, executives and industry insiders, who spoke to CNBC on the condition of anonymity. It didn’t invest in its stores, even as it was adding to the fleet, leaving it vulnerable when new competition moved in.

The story begins with Lazarus, the store’s visionary who wanted the “R” written backward — an ode to childlike scrawl. Lazarus, who has been described as one of the great merchants of his time, expanded a baby furniture store he owned into a toy store. By 1978, he had created a toy superstore large enough to become a public company.

In its heyday in the 1980s and 1990s, it was the most important toy store in the country, if not the world. Its strength grew as competitors Kiddie City and Child World went out of business.


Company: cnbc, Activity: cnbc, Date: 2019-01-26  Authors: lauren hirsch, eduardo munoz, jacques m chenet, corbis, getty images, scott mlyn, peter foley, bloomberg, jason alden
Keywords: news, cnbc, companies, written, toy, biggest, toys, worlds, built, went, store, lost, stores, lazarus, world, week, kingdom, important


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Time magazine says the US ‘remains a free and fair press’

Despite the White House ramping up its rhetoric, the United States remains a free and fair press, Ben Goldberger the assistant managing editor of Time magazine told CNBC on Wednesday. The year 2018 has been marked by manipulation, abuse of truth, along with efforts by governments to instigate mistrust of the facts, the magazine said in an essay when it named killed and imprisoned journalists as Person of the Year for 2018 on Tuesday. “There’s no doubt that the rhetoric from the White House about


Despite the White House ramping up its rhetoric, the United States remains a free and fair press, Ben Goldberger the assistant managing editor of Time magazine told CNBC on Wednesday. The year 2018 has been marked by manipulation, abuse of truth, along with efforts by governments to instigate mistrust of the facts, the magazine said in an essay when it named killed and imprisoned journalists as Person of the Year for 2018 on Tuesday. “There’s no doubt that the rhetoric from the White House about
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Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: harini v, kena betancur, afp, getty images, -ben goldberger, assistant managing editor of time magazine
Keywords: news, cnbc, companies, rhetoric, goldberger, remains, house, magazine, fair, free, white, states, united, press


Time magazine says the US 'remains a free and fair press'

Despite the White House ramping up its rhetoric, the United States remains a free and fair press, Ben Goldberger the assistant managing editor of Time magazine told CNBC on Wednesday.

The year 2018 has been marked by manipulation, abuse of truth, along with efforts by governments to instigate mistrust of the facts, the magazine said in an essay when it named killed and imprisoned journalists as Person of the Year for 2018 on Tuesday.

“There’s no doubt that the rhetoric from the White House about the demonization of the media as ‘the enemy of the people,’ or the willingness to dismiss anything including credible news reporting as fake news, is incredibly worrisome and chilling,” Goldberger said. “But that said, I return to what I said about the United States — this remains a free and fair press.”

“Journalists here enjoy legal protections that are the envy of those in virtually every other country,” he added.


Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: harini v, kena betancur, afp, getty images, -ben goldberger, assistant managing editor of time magazine
Keywords: news, cnbc, companies, rhetoric, goldberger, remains, house, magazine, fair, free, white, states, united, press


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Woman calls out tech companies for serving baby ads after stillbirth

In an open letter posted to Twitter and addressed to “Tech Companies,” the Washington Post opinion video editor says she continued to be targeted with motherhood ads after learning that her baby would be stillborn. “I know you knew I was pregnant,” Brockell wrote in the letter and tagged with Twitter, Facebook, Instagram and Experian’s handles. And, stupid me!, I even clicked once or twice on the maternity-wear ads Facebook served up.” Brockell wrote in her letter that even when she opted to not


In an open letter posted to Twitter and addressed to “Tech Companies,” the Washington Post opinion video editor says she continued to be targeted with motherhood ads after learning that her baby would be stillborn. “I know you knew I was pregnant,” Brockell wrote in the letter and tagged with Twitter, Facebook, Instagram and Experian’s handles. And, stupid me!, I even clicked once or twice on the maternity-wear ads Facebook served up.” Brockell wrote in her letter that even when she opted to not
Woman calls out tech companies for serving baby ads after stillbirth Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: lauren feiner, source, the washington post
Keywords: news, cnbc, companies, ads, tech, facebook, youre, wrote, serving, calls, twitter, baby, stillbirth, woman, companies, brockell, letter


Woman calls out tech companies for serving baby ads after stillbirth

At one of the saddest times of her life, Gillian Brockell kept seeing ads on social media that twisted the knife in her wound.

In an open letter posted to Twitter and addressed to “Tech Companies,” the Washington Post opinion video editor says she continued to be targeted with motherhood ads after learning that her baby would be stillborn.

At a time when the public is questioning tech companies’ hyper-specific ad targeting, Brockell’s letter highlights the damaging emotional effects this practice can have when these companies fail to adjust their targeting to new information about someone’s altered life situation.

“I know you knew I was pregnant,” Brockell wrote in the letter and tagged with Twitter, Facebook, Instagram and Experian’s handles. “It’s my fault, I just couldn’t resist the hashtags – #30weekspregnant, #babybump. And, stupid me!, I even clicked once or twice on the maternity-wear ads Facebook served up.”

She continues the letter, revealing topics she searched for when she learned her baby would be stillborn.

“But didn’t you also see me googling ‘is this braxton hicks?’ and ‘baby not moving’? Did you not see the three days of silence, uncommon for a high-frequency user like me? And then the announcement with keywords like ‘heartbroken’ and ‘problem’ and ‘stillborn’ and the two-hundred teardrop emoticons from my friends? Is that not something you could track?”

Brockell wrote in her letter that even when she opted to not see the ads she was served for products to prepare her for her new baby, the companies misinterpreted her motivation. After answering a prompt about why she didn’t want to see the ad with “it’s not relevant to me,” she began being served ads for nursing bras and strollers, according to the letter. She said she then received what she called a “spam email” asking her to “finish registering your baby” in order to track his credit through Experian.

The average person is becoming increasingly more aware of the amount of data tech companies store on them. A New York Times investigation earlier this week showed that many seemingly mundane apps can actually track your location throughout the day to a specific spot in a room, and on Tuesday, Google CEO Sundar Pichai was questioned by the House Judiciary Committee about his company’s location-tracking policies. Brockell’s letter raises the question of why these companies still can’t adjust fully to the realities of people’s lives.

In a statement, a Twitter spokesperson said, “We cannot imagine the pain of those who have experienced this type of loss. We are continuously working on improving our advertising products to ensure they serve appropriate content to the people who use our services.”

Experian did not respond to requests for comment. Brockell pointed CNBC to tweets from a Facebook advertising executive, Rob Goldman, who explained how to turn off ads related to parenting. Facebook declined to comment beyond the tweets.

“I am so sorry for your loss and your painful experience with our products,” Goldman wrote. “We have a setting available that can block ads about some topics people may find painful — including parenting. It still needs improvement, but please know that we’re working on it & welcome your feedback.”

Brockell thanked Goldman for responding and suggested Facebook add a keyword like “stillborn” that would turn off ads automatically instead, saying the process of turning off ads is “too confusing when you’re grieving.”

Brockell also told CNBC she wished Experian would respond.

“Please, Tech Companies, I implore you: If you’re smart enough to realize that I’m pregnant, that I’ve given birth, then surely you’re smart enough to realize that my baby died, and can advertise to me accordingly,” Brockell wrote, “or maybe just maybe, not at all.”

Subscribe to CNBC on YouTube.


Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: lauren feiner, source, the washington post
Keywords: news, cnbc, companies, ads, tech, facebook, youre, wrote, serving, calls, twitter, baby, stillbirth, woman, companies, brockell, letter


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Many apps on your phone are tracking everywhere you go — here’s how to stop them

The Times says many apps use or sell this information to help target ads and for other purposes. Sometimes this can stop an app from performing correctly: a mapping application would need to know your location to provide you with accurate directions somewhere, for example. But others, like weather apps, don’t necessarily need to know where you are at all times. The iPhone also has controls that allow apps to use your location only when you’re using them, instead of all of the time. In this guide


The Times says many apps use or sell this information to help target ads and for other purposes. Sometimes this can stop an app from performing correctly: a mapping application would need to know your location to provide you with accurate directions somewhere, for example. But others, like weather apps, don’t necessarily need to know where you are at all times. The iPhone also has controls that allow apps to use your location only when you’re using them, instead of all of the time. In this guide
Many apps on your phone are tracking everywhere you go — here’s how to stop them Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: todd haselton, d-keine, getty images
Keywords: news, cnbc, companies, iphone, applications, phone, need, turn, know, stop, apps, times, heres, information, identify, tracking, location


Many apps on your phone are tracking everywhere you go — here's how to stop them

On Monday, The New York Times published a story that showed just how easy it is to identify and locate people through anonymized data that’s almost constantly being collected by apps on our phones.

While the information provided by the applications doesn’t always identify the user, the location tracking is often so precise that it can be used to pinpoint an individual, since it shows where the person is at night (presumably at home) and where they go throughout the day. The Times says many apps use or sell this information to help target ads and for other purposes.

In recent years, Apple and Google have made it easier to identify the applications that have access to your information, and to turn off the ability for those apps to see where you are. Sometimes this can stop an app from performing correctly: a mapping application would need to know your location to provide you with accurate directions somewhere, for example. But others, like weather apps, don’t necessarily need to know where you are at all times. You can always just search for your current location.

The iPhone also has controls that allow apps to use your location only when you’re using them, instead of all of the time.

I recently went through my iPhone and was surprised to see that I had a few applications that were set to always track my location, instead of as needed. In this guide I’ll show you how to take more control of the apps that know where you are, and how to turn off those that never should require your location at all.


Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: todd haselton, d-keine, getty images
Keywords: news, cnbc, companies, iphone, applications, phone, need, turn, know, stop, apps, times, heres, information, identify, tracking, location


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Google CEO testimony unlikely to result in regulation, says NYT’s Ed Lee

01:41 | 6:45 AM ET Fri, 22 May 2015


01:41 | 6:45 AM ET Fri, 22 May 2015
Google CEO testimony unlikely to result in regulation, says NYT’s Ed Lee Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-12
Keywords: news, cnbc, companies, google, testimony, ed, result, lee, 0141, et, 645, 22, nyts, 2015, unlikely, ceo, regulation


Google CEO testimony unlikely to result in regulation, says NYT's Ed Lee

01:41 | 6:45 AM ET Fri, 22 May 2015


Company: cnbc, Activity: cnbc, Date: 2018-12-12
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Dow set to jump more than 250 points as Wall Street cheers prospects of a US-China trade deal

U.S. stock index futures were higher Wednesday amid renewed optimism around the possibility of a permanent U.S.-China trade deal being struck. ET, Dow Jones Industrial Average futures rose 232 points, indicating a gain of 267.76 points. Optimism around trade lifted shares of Caterpillar and Boeing by more than 1 percent each before the bell. These stocks are seen as bellwethers for global trade because of their exposure to markets abroad. Wall Street had another wild session on Tuesday, with the


U.S. stock index futures were higher Wednesday amid renewed optimism around the possibility of a permanent U.S.-China trade deal being struck. ET, Dow Jones Industrial Average futures rose 232 points, indicating a gain of 267.76 points. Optimism around trade lifted shares of Caterpillar and Boeing by more than 1 percent each before the bell. These stocks are seen as bellwethers for global trade because of their exposure to markets abroad. Wall Street had another wild session on Tuesday, with the
Dow set to jump more than 250 points as Wall Street cheers prospects of a US-China trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: fred imbert, sam meredith
Keywords: news, cnbc, companies, jump, street, chinese, wall, uschina, china, futures, trade, points, seen, talks, mahajan, deal, tariffs, prospects, trump, dow, set


Dow set to jump more than 250 points as Wall Street cheers prospects of a US-China trade deal

U.S. stock index futures were higher Wednesday amid renewed optimism around the possibility of a permanent U.S.-China trade deal being struck.

At around 7:02 a.m. ET, Dow Jones Industrial Average futures rose 232 points, indicating a gain of 267.76 points. Futures on the S&P 500 and Nasdaq 100 were also seen relatively upbeat.

Optimism around trade lifted shares of Caterpillar and Boeing by more than 1 percent each before the bell. These stocks are seen as bellwethers for global trade because of their exposure to markets abroad.

In an interview with Reuters on Tuesday, President Donald Trump said he would intervene in the Justice Department’s case against a top executive at Chinese telecoms giant Huawei if it would help serve national security interests or help U.S.-Sino trade talks. Huawei is the one of the largest tech companies in China. It is also seen as a symbol of pride by the Chinese government.

The moves in premarket trade come after Trump said talks between Washington and Beijing were ongoing and confirmed he would not raise tariffs on Chinese imports until he was sure about a comprehensive trade agreement.

They also come after multiple reports pointed to China cutting tariffs on U.S.-made cars. A U.S. official told Reuters China indicated it will lower the tariffs, but the U.S. would wait on formal documentation and timing.

Wall Street had another wild session on Tuesday, with the Dow swinging more than 500 points before closing slightly lower.

“This intraday volatility is very headline-driven,” said Mona Mahajan, U.S. investment strategist at AllianzGI. “Between trade, the Federal Reserve and recession fears, it’s reason to give investors pause.”

“Investors are also more willing to sell rallies than buy dips. That’s the sentiment right now,” Mahajan said.


Company: cnbc, Activity: cnbc, Date: 2018-12-12  Authors: fred imbert, sam meredith
Keywords: news, cnbc, companies, jump, street, chinese, wall, uschina, china, futures, trade, points, seen, talks, mahajan, deal, tariffs, prospects, trump, dow, set


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US, China and Europe have different data laws — that could be a big headache for companies in 2019

GDPR: Why everyone is freaking out over four letters 12:10 PM ET Thu, 14 June 2018 | 02:53The U.S., meanwhile, has traditionally seen data as something to be commercialized but that approach has come into question after the data breach fallout from the Facebook and Cambridge Analytica scandal, said the CEO. “So you have these … data trading blocks: GDPR in Europe, China pursuing its own very ambitious, long-range technology kind of economic strategy, and the U.S. adjusting to the fact that wha


GDPR: Why everyone is freaking out over four letters 12:10 PM ET Thu, 14 June 2018 | 02:53The U.S., meanwhile, has traditionally seen data as something to be commercialized but that approach has come into question after the data breach fallout from the Facebook and Cambridge Analytica scandal, said the CEO. “So you have these … data trading blocks: GDPR in Europe, China pursuing its own very ambitious, long-range technology kind of economic strategy, and the U.S. adjusting to the fact that wha
US, China and Europe have different data laws — that could be a big headache for companies in 2019 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: yen nee lee
Keywords: news, cnbc, companies, businesses, transferring, companies, tuesdaysuch, headache, traditionally, 2019, gdpr, china, major, yearcomplicating, data, economies, different, laws, europe, big


US, China and Europe have different data laws — that could be a big headache for companies in 2019

GDPR: Why everyone is freaking out over four letters 12:10 PM ET Thu, 14 June 2018 | 02:53

The U.S., meanwhile, has traditionally seen data as something to be commercialized but that approach has come into question after the data breach fallout from the Facebook and Cambridge Analytica scandal, said the CEO.

“So you have these … data trading blocks: GDPR in Europe, China pursuing its own very ambitious, long-range technology kind of economic strategy, and the U.S. adjusting to the fact that what it regarded as a completely open playing field for the U.S. tech giants is suddenly looking a lot smaller,” Fenning told CNBC’s “Squawk Box” on Tuesday.

Such different approaches mean that businesses would have a harder time collecting, storing and transferring data within and between those three major economies, Control Risks said in a report outlining the top challenges that firms would likely encounter next year.

Complicating the global backdrop is a rise in cyber security threats, which businesses must handle while navigating the different regulatory environment in the three major economies, the consultancy added.


Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: yen nee lee
Keywords: news, cnbc, companies, businesses, transferring, companies, tuesdaysuch, headache, traditionally, 2019, gdpr, china, major, yearcomplicating, data, economies, different, laws, europe, big


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Yellen warns of another potential financial crisis: ‘Gigantic holes in the system’

“I think things have improved, but then I think there are gigantic holes in the system,” Yellen said Monday night in a discussion moderated by New York Times columnist Paul Krugman at CUNY. She said regulators can only address such problems at individual banks not throughout the financial system. So I do worry that we could have another financial crisis.” Current Fed officials have pushed back against criticism that their reforms are making the system riskier, saying they are making the system


“I think things have improved, but then I think there are gigantic holes in the system,” Yellen said Monday night in a discussion moderated by New York Times columnist Paul Krugman at CUNY. She said regulators can only address such problems at individual banks not throughout the financial system. So I do worry that we could have another financial crisis.” Current Fed officials have pushed back against criticism that their reforms are making the system riskier, saying they are making the system
Yellen warns of another potential financial crisis: ‘Gigantic holes in the system’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: steve liesman, justin chin, bloomberg, getty images
Keywords: news, cnbc, companies, holes, fed, potential, regulatory, yellen, system, gigantic, crisis, think, things, financial, warns, current, york


Yellen warns of another potential financial crisis: 'Gigantic holes in the system'

Former Federal Reserve Chair Janet Yellen told a New York audience she fears there could be another financial crisis because banking regulators have seen reductions in their authority to address panics and because of the current push to deregulate.

“I think things have improved, but then I think there are gigantic holes in the system,” Yellen said Monday night in a discussion moderated by New York Times columnist Paul Krugman at CUNY. “The tools that are available to deal with emerging problems are not great in the United States.”

Yellen cited leverage loans as an area of concern, something also mentioned by the current Fed leadership. She said regulators can only address such problems at individual banks not throughout the financial system. The former fed chair, now a scholar at the Brookings Institution, said there remains an agenda of unfinished regulation. “I’m not sure we’re working on those things in the way we should, and then there remain holes, and then there’s regulatory pushback. So I do worry that we could have another financial crisis.”

In the wake of the financial crisis, some agency regulatory powers were vastly expanded, but others, for example, the ability of the Fed to lend to an individual company in a crisis, were curtailed. Current Fed officials have pushed back against criticism that their reforms are making the system riskier, saying they are making the system more efficient.

Speaking in London in June 2017, shortly after leaving office, Yellen had said she did not believe there would be another financial crisis in our lifetimes because of financial reforms. However, she did warn at the time about the deregulatory efforts just then underway.

WATCH: The Next Recession: Europe could ‘infect us’ says former Dallas Fed president Richard Fisher


Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: steve liesman, justin chin, bloomberg, getty images
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Trump teases ‘important announcements’ as he touts ‘very productive’ China trade talks

President Donald Trump on Tuesday hinted at “important announcements” regarding his administration’s high-stakes trade talks with China. Trump tweeted last week that China had agreed to slash the tariffs, although the Chinese government did not confirm or deny it at the time. According to The Wall Street Journal, which cited Chinese officials, Chinese President Xi Jinping has told senior members of his government to follow through on his recent agreement with Trump. The U.S. and China have resta


President Donald Trump on Tuesday hinted at “important announcements” regarding his administration’s high-stakes trade talks with China. Trump tweeted last week that China had agreed to slash the tariffs, although the Chinese government did not confirm or deny it at the time. According to The Wall Street Journal, which cited Chinese officials, Chinese President Xi Jinping has told senior members of his government to follow through on his recent agreement with Trump. The U.S. and China have resta
Trump teases ‘important announcements’ as he touts ‘very productive’ China trade talks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: mike calia
Keywords: news, cnbc, companies, stocks, trade, xi, china, teases, tariffs, announcements, chinese, touts, productive, president, truce, talks, trump, important


Trump teases 'important announcements' as he touts 'very productive' China trade talks

President Donald Trump on Tuesday hinted at “important announcements” regarding his administration’s high-stakes trade talks with China.

“Very productive conversations going on with China! Watch for some important announcements!” the president tweeted.

Trump’s optimistic tweet came soon after Bloomberg News reported that China’s government would consider slashing tariffs on U.S. car imports to 15 percent from 40 percent. Auto stocks jumped on the news in premarket trading. Overall, stocks pointed to a higher open as markets looked to bounce back from last week’s rout.

Trump tweeted last week that China had agreed to slash the tariffs, although the Chinese government did not confirm or deny it at the time. In July, China cut tariffs on auto imports to 15 percent from 25 percent, but then soon hiked duties on U.S.-made cars to 40 percent as retaliation for the Trump administration’s aggressive trade moves.

Other signs of potential progress emerged Tuesday. According to The Wall Street Journal, which cited Chinese officials, Chinese President Xi Jinping has told senior members of his government to follow through on his recent agreement with Trump. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer are the main U.S. negotiators in calls with Chinese negotiators.

The U.S. and China have restarted trade negotiations after Trump and Xi reached a truce in their nations’ escalating trade war. The two leaders spoke during a working dinner at the G-20 summit in Argentina on Dec. 1.

As part of the truce, the U.S. and China agreed to a 90-day window to negotiate some significant sticking points between the world’s two largest economies. As part of the interim agreement, Trump said he would hold off on boosting tariffs on $200 billion in Chinese goods to 25 percent from 10 percent.

Trump’s tweet Tuesday also came during the battle over a Chinese executive who was arrested in Canada, the same day Trump and Xi dined in Argentina, and faces extradition to the United States. Meng Wanzhou, CFO of Chinese telecom giant Huawei, is being held by Canadian authorities in a case related to the company’s alleged sale of equipment containing U.S. components to Iran in violation of international sanctions on the Islamic Republic.

There are concerns that the Huawei case could upset the delicate but broad trade talks between the U.S. and China, although the renewed talks and Trump’s claims indicate it has yet to disrupt the negotiations.


Company: cnbc, Activity: cnbc, Date: 2018-12-11  Authors: mike calia
Keywords: news, cnbc, companies, stocks, trade, xi, china, teases, tariffs, announcements, chinese, touts, productive, president, truce, talks, trump, important


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Former Canadian diplomat detained in China

A former Canadian diplomat has been detained in China, two sources said on Tuesday, and his current employer, the International Crisis Group, said it was seeking his prompt and safe release. “International Crisis Group is aware of reports that its North East Asia Senior Adviser, Michael Kovrig, has been detained in China,” the think-tank said in a statement. China’s Foreign Ministry and Ministry of Public Security did not respond immediately to questions faxed earlier about Kovrig’s detention. K


A former Canadian diplomat has been detained in China, two sources said on Tuesday, and his current employer, the International Crisis Group, said it was seeking his prompt and safe release. “International Crisis Group is aware of reports that its North East Asia Senior Adviser, Michael Kovrig, has been detained in China,” the think-tank said in a statement. China’s Foreign Ministry and Ministry of Public Security did not respond immediately to questions faxed earlier about Kovrig’s detention. K
Former Canadian diplomat detained in China Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-11
Keywords: news, cnbc, companies, group, canadian, foreign, immediately, ministry, china, crisis, safe, huawei, prompt, international, detained, diplomat, kovrigs


Former Canadian diplomat detained in China

A former Canadian diplomat has been detained in China, two sources said on Tuesday, and his current employer, the International Crisis Group, said it was seeking his prompt and safe release.

Michael Kovrig’s detention comes after police in Canada arrested the chief financial officer of China’s Huawei Technologies on Dec. 1 at the request of U.S. authorities, a move that infuriated Beijing.

It was not immediately clear if the cases were related, but the arrest of Huawei CFO Meng Wanzhou in Vancouver has stoked fears of reprisals against the foreign business community in China.

“International Crisis Group is aware of reports that its North East Asia Senior Adviser, Michael Kovrig, has been detained in China,” the think-tank said in a statement.

“We are doing everything possible to secure additional information on Michael’s whereabouts as well as his prompt and safe release,” it added.

China’s Foreign Ministry and Ministry of Public Security did not respond immediately to questions faxed earlier about Kovrig’s detention.

The exact reason for the detention was not immediately clear.

The Canadian embassy declined to comment, referring queries to Ottawa.

Calls to Kovrig’s phones were not answered.

Kovrig, a Mandarin speaker, has been working as a full-time expert for the International Crisis Group since February 2017.

From 2003 to 2016, he worked as a diplomat with stints in Beijing and Hong Kong, among others, according to his profile on LinkedIn.


Company: cnbc, Activity: cnbc, Date: 2018-12-11
Keywords: news, cnbc, companies, group, canadian, foreign, immediately, ministry, china, crisis, safe, huawei, prompt, international, detained, diplomat, kovrigs


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