BAE Systems warns of risk from German stance on Saudi arms

BAE Systems said German moves to block exports to Saudi Arabia could damage its major deals with the Kingdom and weigh on Britain’s biggest defence company’s financial performance. BAE said it was reliant on the approval of export licences by a number of governments in order to continue supplies to Saudi Arabia. Germany is part of the consortium that builds the Eurofighter Typhoon, a fighter jet that BAE has sold to Saudi Arabia, through Airbus and MTU Aero Engines. On Wednesday, German Foreign


BAE Systems said German moves to block exports to Saudi Arabia could damage its major deals with the Kingdom and weigh on Britain’s biggest defence company’s financial performance. BAE said it was reliant on the approval of export licences by a number of governments in order to continue supplies to Saudi Arabia. Germany is part of the consortium that builds the Eurofighter Typhoon, a fighter jet that BAE has sold to Saudi Arabia, through Airbus and MTU Aero Engines. On Wednesday, German Foreign
BAE Systems warns of risk from German stance on Saudi arms Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: photographer, collection, getty images
Keywords: news, cnbc, companies, systems, uk, bae, exports, issue, woodburn, saudi, risk, warns, stance, arms, arabia, working, financial, german


BAE Systems warns of risk from German stance on Saudi arms

BAE Systems said German moves to block exports to Saudi Arabia could damage its major deals with the Kingdom and weigh on Britain’s biggest defence company’s financial performance.

BAE said it was reliant on the approval of export licences by a number of governments in order to continue supplies to Saudi Arabia.

“BAE Systems is therefore working closely with the UK government to minimise the risk of any such occurrence and the impact it would have on financial performance, the supply chain and relationships,” it said in its annual results on Thursday.

Shares in BAE slid 5.9 percent in early trading in London.

Germany is part of the consortium that builds the Eurofighter Typhoon, a fighter jet that BAE has sold to Saudi Arabia, through Airbus and MTU Aero Engines.

Germany’s government is trying to halt weapons exports to Saudi Arabia after the killing of Saudi journalist Jamal Khashoggi in the Saudi consulate in Istanbul on Oct. 2, but Britain has urged the country to exempt big defence projects or face damage to its commercial credibility.

On Wednesday, German Foreign Minister Heiko Maas said that future decisions on whether to deliver arms to Saudi Arabia will develop on how the conflict develops in Yemen.

BAE makes 14 percent of its annual sales from selling Typhoons and other arms to the kingdom, and the tensions have raised questions about the UK government’s 10 billion pound deal to sell Saudi Arabia 48 new Typhoons.

The deal, confirmed in a memorandum of understanding last March, has not been finalised, and is not reflected in BAE’s 2018 financial statements.

“The issue of German licences is a political issue and as such requires it to be resolved at the political level,” Chief Executive Charles Woodburn told reporters on Thursday.

“To that end, we’re working closely with the UK government,” before adding “there’s also a concern among industry partners such as Airbus.”

Despite the issue of Saudi exports and other geopolitical uncertainty, BAE said its earnings would grow in 2019 compared to a flat 2018.

BAE said it expected mid-single digit growth in underlying earnings per share in 2019, compared to a full-year figure for last year of 42.9p, roughly flat on the previous year and in line with expectations.

“The Group made good progress in strengthening the outlook and geographic base of the business, with a number of significant contract wins,” Woodburn said.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: photographer, collection, getty images
Keywords: news, cnbc, companies, systems, uk, bae, exports, issue, woodburn, saudi, risk, warns, stance, arms, arabia, working, financial, german


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Fashion label Burberry apologizes for ‘suicide’ hoodie

Burberry apologized after a hoodie with ropes resembling a noose was featured in a catwalk event at London Fashion Week. He added that Burberry would “reflect on this, learn from it, and put in place all necessary actions to ensure it does not happen again.” The hoodie was one of the items unveiled in the Tempest collection in a show presented by Burberry’s Chief Creative Officer Riccardo Tisci on Sunday. Kennedy blasted the brand in an Instagram post this week, saying that “suicide is not fashi


Burberry apologized after a hoodie with ropes resembling a noose was featured in a catwalk event at London Fashion Week. He added that Burberry would “reflect on this, learn from it, and put in place all necessary actions to ensure it does not happen again.” The hoodie was one of the items unveiled in the Tempest collection in a show presented by Burberry’s Chief Creative Officer Riccardo Tisci on Sunday. Kennedy blasted the brand in an Instagram post this week, saying that “suicide is not fashi
Fashion label Burberry apologizes for ‘suicide’ hoodie Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: chloe taylor, photo vianney le caer, invision
Keywords: news, cnbc, companies, fashion, apologizes, tisci, resembling, label, theme, runway, sorry, does, hoodie, burberrys, burberry, suicide, collection, statement


Fashion label Burberry apologizes for 'suicide' hoodie

Burberry apologized after a hoodie with ropes resembling a noose was featured in a catwalk event at London Fashion Week.

“We are deeply sorry for the distress caused by one of the products that featured in our A/W 2019 runway collection,” Marco Gobbetti, Burberry’s CEO, said in a statement emailed to CNBC.

“Though the design was inspired by the marine theme that ran throughout the collection, it was insensitive and we made a mistake.”

He added that Burberry would “reflect on this, learn from it, and put in place all necessary actions to ensure it does not happen again.”

The hoodie was one of the items unveiled in the Tempest collection in a show presented by Burberry’s Chief Creative Officer Riccardo Tisci on Sunday. It has since been removed from the collection.

Criticism from Liz Kennedy — one of the British fashion house’s own models — led to online backlash. Kennedy blasted the brand in an Instagram post this week, saying that “suicide is not fashion.”

“Riccardo Tisci and everyone at Burberry it is beyond me how you could let a look resembling a noose hanging from a neck out on the runway,” she said. “How could anyone overlook this and think it would be okay to do this especially in a line dedicated to young girls and youth.”

In an emailed statement, Tisci said we was “deeply sorry for the distress” caused by the hoodie.

“While the design was inspired by a nautical theme, I realize that it was insensitive,” he said. “It does not reflect my values nor Burberry’s and we have removed it from the collection. I will make sure that this does not happen again.”


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: chloe taylor, photo vianney le caer, invision
Keywords: news, cnbc, companies, fashion, apologizes, tisci, resembling, label, theme, runway, sorry, does, hoodie, burberrys, burberry, suicide, collection, statement


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Fashion label Burberry apologizes for ‘suicide’ hoodie

Burberry apologized after a hoodie with ropes resembling a noose was featured in a catwalk event at London Fashion Week. He added that Burberry would “reflect on this, learn from it, and put in place all necessary actions to ensure it does not happen again.” The hoodie was one of the items unveiled in the Tempest collection in a show presented by Burberry’s Chief Creative Officer Riccardo Tisci on Sunday. Kennedy blasted the brand in an Instagram post this week, saying that “suicide is not fashi


Burberry apologized after a hoodie with ropes resembling a noose was featured in a catwalk event at London Fashion Week. He added that Burberry would “reflect on this, learn from it, and put in place all necessary actions to ensure it does not happen again.” The hoodie was one of the items unveiled in the Tempest collection in a show presented by Burberry’s Chief Creative Officer Riccardo Tisci on Sunday. Kennedy blasted the brand in an Instagram post this week, saying that “suicide is not fashi
Fashion label Burberry apologizes for ‘suicide’ hoodie Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: chloe taylor, photo vianney le caer, invision
Keywords: news, cnbc, companies, collection, resembling, fashion, apologizes, hoodie, theme, does, label, burberrys, sorry, runway, burberry, tisci, statement, suicide


Fashion label Burberry apologizes for 'suicide' hoodie

Burberry apologized after a hoodie with ropes resembling a noose was featured in a catwalk event at London Fashion Week.

“We are deeply sorry for the distress caused by one of the products that featured in our A/W 2019 runway collection,” Marco Gobbetti, Burberry’s CEO, said in a statement emailed to CNBC.

“Though the design was inspired by the marine theme that ran throughout the collection, it was insensitive and we made a mistake.”

He added that Burberry would “reflect on this, learn from it, and put in place all necessary actions to ensure it does not happen again.”

The hoodie was one of the items unveiled in the Tempest collection in a show presented by Burberry’s Chief Creative Officer Riccardo Tisci on Sunday. It has since been removed from the collection.

Criticism from Liz Kennedy — one of the British fashion house’s own models — led to online backlash. Kennedy blasted the brand in an Instagram post this week, saying that “suicide is not fashion.”

“Riccardo Tisci and everyone at Burberry it is beyond me how you could let a look resembling a noose hanging from a neck out on the runway,” she said. “How could anyone overlook this and think it would be okay to do this especially in a line dedicated to young girls and youth.”

In an emailed statement, Tisci said we was “deeply sorry for the distress” caused by the hoodie.

“While the design was inspired by a nautical theme, I realize that it was insensitive,” he said. “It does not reflect my values nor Burberry’s and we have removed it from the collection. I will make sure that this does not happen again.”


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: chloe taylor, photo vianney le caer, invision
Keywords: news, cnbc, companies, collection, resembling, fashion, apologizes, hoodie, theme, does, label, burberrys, sorry, runway, burberry, tisci, statement, suicide


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Apple recently hired a prominent obstetrician, signaling interest in women’s health

Apple’s health team has hired an obstetrician, Dr. Christine Curry, to look into how the company can bolster its efforts in women’s health, among other projects, according to three people familiar with the hire. Curry has a particular interest in women’s health, but she’ll be working on various issues across the health teams, one of the people said. According to her LinkedIn profile, Curry is affiliated with Kaiser Permanente in Redwood City, California. Studies have found that women’s health co


Apple’s health team has hired an obstetrician, Dr. Christine Curry, to look into how the company can bolster its efforts in women’s health, among other projects, according to three people familiar with the hire. Curry has a particular interest in women’s health, but she’ll be working on various issues across the health teams, one of the people said. According to her LinkedIn profile, Curry is affiliated with Kaiser Permanente in Redwood City, California. Studies have found that women’s health co
Apple recently hired a prominent obstetrician, signaling interest in women’s health Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: christina farr, photographer, collection, getty images
Keywords: news, cnbc, companies, service, womens, zika, apples, apple, curry, signaling, obstetrician, prominent, health, hired, profile, company, interest, recently, tracking


Apple recently hired a prominent obstetrician, signaling interest in women's health

Apple’s health team has hired an obstetrician, Dr. Christine Curry, to look into how the company can bolster its efforts in women’s health, among other projects, according to three people familiar with the hire.

Apple CEO Tim Cook has described health care as a growing priority and a major part of Apple’s legacy. He told CNBC’s Jim Cramer in January, “If you zoom out into the future, and you look back, and you ask the question, ‘What was Apple’s greatest contribution to mankind?’ It will be about health.”

Apple has hired dozens of doctors to work across a variety of projects, including its so-called “AC Wellness clinics” for Apple employees and its health-tracking Apple Watch. Curry has a particular interest in women’s health, but she’ll be working on various issues across the health teams, one of the people said.

According to her LinkedIn profile, Curry is affiliated with Kaiser Permanente in Redwood City, California. She has not updated her profile to reflect that she works at Apple, although that’s not uncommon given the value that Apple places on secrecy.

Apple declined to comment. Curry did not respond to an inquiry.

Studies have found that women’s health companies have historically struggled to raise funding. It’s also often an overlooked area, including briefly by Apple when the company first launched its HealthKit service in 2015 and claimed to offer “comprehensive” health tracking but did not include reproductive health. It quickly rectified that with a service called Apple Reproductive Health, adding features for menstruation, ovulation test results, basal body temperature and more (still, that service has been critiqued in reviews for being a little challenging to use.)

Since then, there’s been an explosion of health apps from third-party developers that are geared to women, such as apps for tracking fertility, connecting with a doctor and so on. But Apple could do even more when it comes to women’s health, both in hardware and software, in areas like pregnancy, fertility tracking and improving diversity in clinical research.

Curry’s online profile notes that she worked in a women’s prison facility in Massachusetts, and led a clinical response effort to the Zika virus in the obstetrics populations at the University of Miami Miller School of Medicine. That made her South Florida’s go-to doctor for pregnant women with Zika, which earned her a profile in Cosmopolitan.

Apple Watch competitor Fitbit is also looking into women’s health, and has an advisor that engages with its community, Dr. Katherine White, an assistant professor of obstetrics and gynecology at Boston University. When Fitbit released its new women’s health, the company referred to it in a blog post as one of its community’s “most requested features.”

WATCH: Tim Cook teases new Apple services to come in 2019


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: christina farr, photographer, collection, getty images
Keywords: news, cnbc, companies, service, womens, zika, apples, apple, curry, signaling, obstetrician, prominent, health, hired, profile, company, interest, recently, tracking


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Haagen-Dazs announces new boozy ice cream line

Haagen-Dazs just announced a new line of seven alcohol-infused ice cream treats. The collection includes five new flavors of ice cream: Irish Cream Brownie, Rum Tres Leches, Bourbon Vanilla Bean Truffle, Stout Chocolate Pretzel Crunch and Bourbon Praline Pecan. It also includes a cookie treat, Irish Cream Cookie Squares, and a nondairy option, Amaretto Black Cherry Almond Toffee. Fans eager to taste the boozy ice cream can try it in select Haagen-Dazs stores beginning in March. Smaller brands su


Haagen-Dazs just announced a new line of seven alcohol-infused ice cream treats. The collection includes five new flavors of ice cream: Irish Cream Brownie, Rum Tres Leches, Bourbon Vanilla Bean Truffle, Stout Chocolate Pretzel Crunch and Bourbon Praline Pecan. It also includes a cookie treat, Irish Cream Cookie Squares, and a nondairy option, Amaretto Black Cherry Almond Toffee. Fans eager to taste the boozy ice cream can try it in select Haagen-Dazs stores beginning in March. Smaller brands su
Haagen-Dazs announces new boozy ice cream line Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: amelia lucas, source
Keywords: news, cnbc, companies, announces, boozy, haagendazs, bourbon, line, product, collection, ice, stores, alcohol, irish, cream


Haagen-Dazs announces new boozy ice cream line

Haagen-Dazs just announced a new line of seven alcohol-infused ice cream treats.

The collection includes five new flavors of ice cream: Irish Cream Brownie, Rum Tres Leches, Bourbon Vanilla Bean Truffle, Stout Chocolate Pretzel Crunch and Bourbon Praline Pecan. It also includes a cookie treat, Irish Cream Cookie Squares, and a nondairy option, Amaretto Black Cherry Almond Toffee. Each product contains less than 0.5 percent alcohol per volume.

The brand, produced in the U.S. by Nestle subsidiary Dreyer’s, plans to roll out the line in grocery stores nationwide in April. Fans eager to taste the boozy ice cream can try it in select Haagen-Dazs stores beginning in March. The collection has been available for more than a year and a half in Canada.

Because of the alcohol content, buyers must be 21 years or older to purchase the product in the U.S. It is unclear if the collection will be available in grocery stores across all 50 states because of differing alcohol regulations across state lines. Haagen-Dazs did not immediately respond to a request for comment.

The ice cream brand isn’t the first to add alcohol to its products. Ben & Jerry’s launched a flavor infused with bourbon in 2017, but the alcohol cooked off during the baking process. Smaller brands such as Tipsy Scoop have been selling alcoholic ice cream for years.


Company: cnbc, Activity: cnbc, Date: 2019-02-07  Authors: amelia lucas, source
Keywords: news, cnbc, companies, announces, boozy, haagendazs, bourbon, line, product, collection, ice, stores, alcohol, irish, cream


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Skateboard deck collection sells for a record $800,000

A collection of skateboard decks sold at Sotheby’s Friday to a Vancouver collector for $800,000. Sotheby’s announced Friday morning that a young Vancouver collector, named Carson Guo, bought the set of 248 skate decks made by Supreme. The collection included all of the decks produced by Supreme between 1998 and 2018. It is the highest price ever paid for a skate-deck collection at auction. The sale price averaged more than $3,200 per skate deck, though some of the decks were worth far more than


A collection of skateboard decks sold at Sotheby’s Friday to a Vancouver collector for $800,000. Sotheby’s announced Friday morning that a young Vancouver collector, named Carson Guo, bought the set of 248 skate decks made by Supreme. The collection included all of the decks produced by Supreme between 1998 and 2018. It is the highest price ever paid for a skate-deck collection at auction. The sale price averaged more than $3,200 per skate deck, though some of the decks were worth far more than
Skateboard deck collection sells for a record $800,000 Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: robert frank, source
Keywords: news, cnbc, companies, decks, vancouver, sothebys, price, deck, skateboard, worth, skate, young, sells, collector, record, collection, 800000, supreme


Skateboard deck collection sells for a record $800,000

A collection of skateboard decks sold at Sotheby’s Friday to a Vancouver collector for $800,000.

Sotheby’s announced Friday morning that a young Vancouver collector, named Carson Guo, bought the set of 248 skate decks made by Supreme. The collection included all of the decks produced by Supreme between 1998 and 2018. It is the highest price ever paid for a skate-deck collection at auction.

The sale price averaged more than $3,200 per skate deck, though some of the decks were worth far more than others.


Company: cnbc, Activity: cnbc, Date: 2019-01-29  Authors: robert frank, source
Keywords: news, cnbc, companies, decks, vancouver, sothebys, price, deck, skateboard, worth, skate, young, sells, collector, record, collection, 800000, supreme


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Deutsche Bank shares slip on reports of Fed investigation over Danske Bank scandal

Shares of Deutsche Bank slid more than 1 percent in early trading on reports that the U.S. Federal Reserve is investigating the German lender’s role in a money laundering scheme. Deutsche Bank has been cooperating with the Fed, Bloomberg reported on Wednesday. Deutsche Bank continues to provide information to and cooperate with the investigating agencies,” Deutsche Bank told CNBC in an emailed statement on Wednesday. In November, Deutsche Bank confirmed its involvement in processing payments wor


Shares of Deutsche Bank slid more than 1 percent in early trading on reports that the U.S. Federal Reserve is investigating the German lender’s role in a money laundering scheme. Deutsche Bank has been cooperating with the Fed, Bloomberg reported on Wednesday. Deutsche Bank continues to provide information to and cooperate with the investigating agencies,” Deutsche Bank told CNBC in an emailed statement on Wednesday. In November, Deutsche Bank confirmed its involvement in processing payments wor
Deutsche Bank shares slip on reports of Fed investigation over Danske Bank scandal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: spriha srivastava, photographer, collection, getty images
Keywords: news, cnbc, companies, investigation, shares, slip, fed, danske, payments, suspicious, reports, deutsche, billion, bank, banks, told, german, investigating, scandal


Deutsche Bank shares slip on reports of Fed investigation over Danske Bank scandal

Shares of Deutsche Bank slid more than 1 percent in early trading on reports that the U.S. Federal Reserve is investigating the German lender’s role in a money laundering scheme.

A report published in Bloomberg, citing sources, said the Fed probe is in very early stages as it examines whether Deutsche Bank’s U.S. arm was involved in moving funds out of the Estonian branch of Danske Bank.

Deutsche Bank has been cooperating with the Fed, Bloomberg reported on Wednesday.

The German lender, however told CNBC that there were no investigations taking place.

“There are no probes but we have received several requests for information from regulators and law enforcement agencies around the world. It is not surprising at all that the investigating authorities and banks themselves have an interest in the Danske case and the lessons to be learned from it. Deutsche Bank continues to provide information to and cooperate with the investigating agencies,” Deutsche Bank told CNBC in an emailed statement on Wednesday.

Danske Bank is being investigated in Denmark, Estonia, Britain and the United States over 200 billion euros ($227 billion) of suspicious payments through its Estonian branch between 2007 and 2015.

In November, Deutsche Bank confirmed its involvement in processing payments worth $150 billion for scandal-ridden Danske Bank.

Deutsche Bank spokesperson confirmed in a statement to Reuters in November that the lender acted as a correspondent bank for Danske in Estonia. “Our role was to process payments for Danske Bank. We terminated the relationship in 2015 after identifying suspicious activity,” the spokesperson said at the time.

Deutsche Bank’s Chief Executive Officer Christian Sewing told German policymakers and clients last week that the bank was investigating the Danske scandal internally and that it had seen no indications of any misconduct on their part.

– Reuters contributed to this report.


Company: cnbc, Activity: cnbc, Date: 2019-01-23  Authors: spriha srivastava, photographer, collection, getty images
Keywords: news, cnbc, companies, investigation, shares, slip, fed, danske, payments, suspicious, reports, deutsche, billion, bank, banks, told, german, investigating, scandal


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China’s November export, import growth shrinks, showing weak demand

China reported far weaker than expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures to keep the country’s growth rate from slipping too much. Analysts say the export data showed that the “front-loading” impact as firms rushed out shipments to beat planned U.S. tariff hikes faded, and that export growth is likely to slow further as demand cools. The customs data showed that annual growth for exports to all


China reported far weaker than expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures to keep the country’s growth rate from slipping too much. Analysts say the export data showed that the “front-loading” impact as firms rushed out shipments to beat planned U.S. tariff hikes faded, and that export growth is likely to slow further as demand cools. The customs data showed that annual growth for exports to all
China’s November export, import growth shrinks, showing weak demand Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-08  Authors: photographer, collection, getty images
Keywords: news, cnbc, companies, showing, rose, shrinks, data, shipments, customs, import, exports, earlier, demand, chinas, weak, growth, export, showed


China's November export, import growth shrinks, showing weak demand

China reported far weaker than expected November exports and imports, showing slower global and domestic demand and raising the possibility authorities will take more measures to keep the country’s growth rate from slipping too much.

November exports only rose 5.4 percent from a year earlier, Chinese customs data showed on Saturday, the weakest performance since a 3 percent contraction in March, and well short of the 10 percent forecast in a Reuters poll.

Analysts say the export data showed that the “front-loading” impact as firms rushed out shipments to beat planned U.S. tariff hikes faded, and that export growth is likely to slow further as demand cools.

The customs data showed that annual growth for exports to all of China’s major partners slowed significantly. Exports to the United States rose 9.8 percent in November from a year earlier, compared with 13.2 percent in October.

To the European Union, shipments increased 6.0 percent, compared with 14.6 percent in October. Exports to South Korea fell from a year earlier, while in October they rose 7.7 percent.


Company: cnbc, Activity: cnbc, Date: 2018-12-08  Authors: photographer, collection, getty images
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Arrest of Huawei CFO shows ‘the gloves are now fully off,’ says Eurasia Group

The arrest of Huawei’s global chief financial officer in Canada, reportedly related to a violation of U.S. sanctions, will corrode trade negotiations between Washington and Beijing, risk consultancy Eurasia Group said Thursday. “Beijing is likely to react angrily to this latest arrest of a Chinese citizen in a third country for violating U.S. law,” Eurasia analysts wrote. Canada’s Department of Justice said on Wednesday the country arrested Meng Wanzhou in Vancouver, where she is facing extradit


The arrest of Huawei’s global chief financial officer in Canada, reportedly related to a violation of U.S. sanctions, will corrode trade negotiations between Washington and Beijing, risk consultancy Eurasia Group said Thursday. “Beijing is likely to react angrily to this latest arrest of a Chinese citizen in a third country for violating U.S. law,” Eurasia analysts wrote. Canada’s Department of Justice said on Wednesday the country arrested Meng Wanzhou in Vancouver, where she is facing extradit
Arrest of Huawei CFO shows ‘the gloves are now fully off,’ says Eurasia Group Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: huileng tan, photographer, collection, getty images, source
Keywords: news, cnbc, companies, related, statement, cfo, fully, sanctions, chinese, violation, group, trade, telecommunications, arrest, gloves, told, huawei, shows, eurasia


Arrest of Huawei CFO shows 'the gloves are now fully off,' says Eurasia Group

The arrest of Huawei’s global chief financial officer in Canada, reportedly related to a violation of U.S. sanctions, will corrode trade negotiations between Washington and Beijing, risk consultancy Eurasia Group said Thursday.

“Beijing is likely to react angrily to this latest arrest of a Chinese citizen in a third country for violating U.S. law,” Eurasia analysts wrote.

In fact, Global Times — a hyper-nationalistic tabloid tied to the Chinese Communist Party — responded to the arrest by posting on Twitter a statement about trade war escalation it attributed to an expert “close to the Chinese Ministry of Commerce.”

“China should be fully prepared for an escalation in the #tradewar with the US, as the US will not ease its stance on China, and the recent arrest of the senior executive of #Huawei is a vivid example,” said the statement, paired with a photo of opposing fists with Chinese and American flags superimposed upon them.

Canada’s Department of Justice said on Wednesday the country arrested Meng Wanzhou in Vancouver, where she is facing extradition to the U.S. The arrest is related to violations of U.S. sanctions, a person familiar with the matter told Reuters.

U.S. authorities have been probing Huawei, one of the world’s largest makers of telecommunications network equipment, since at least 2016 for allegedly shipping U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws, sources told Reuters in April.

The analysts said the Huawei executive’s arrest will not derail the start of trade negotiations after U.S. President Donald Trump and Chinese President Xi Jinping’s meeting last weekend in Argentina saw them agree to first steps to resolve their trade dispute. Still, they acknowledged, the incident involving Chinese telecommunications giant Huawei is likely to cloud talks.


Company: cnbc, Activity: cnbc, Date: 2018-12-06  Authors: huileng tan, photographer, collection, getty images, source
Keywords: news, cnbc, companies, related, statement, cfo, fully, sanctions, chinese, violation, group, trade, telecommunications, arrest, gloves, told, huawei, shows, eurasia


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Everyday conveniences will win over concerns about personal data collection: A.I. start-up SenseTime

On its own, tech cannot generate value: SenseTime 1:27 AM ET Wed, 28 Nov 2018 | 02:38The public will come to accept the applications of artificial intelligence in daily life and embrace conveniences such as facial recognition easing airport security lines, and virtual assistants in homes, according to a vice president at SenseTime — one of the most valuable AI start-ups in the world. While AI has prompted privacy concerns over possible abuses — such as government surveillance and invasion of pri


On its own, tech cannot generate value: SenseTime 1:27 AM ET Wed, 28 Nov 2018 | 02:38The public will come to accept the applications of artificial intelligence in daily life and embrace conveniences such as facial recognition easing airport security lines, and virtual assistants in homes, according to a vice president at SenseTime — one of the most valuable AI start-ups in the world. While AI has prompted privacy concerns over possible abuses — such as government surveillance and invasion of pri
Everyday conveniences will win over concerns about personal data collection: A.I. start-up SenseTime Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: andrew wong
Keywords: news, cnbc, companies, worldwhile, vicepresident, tech, virtual, startup, data, conveniences, concerns, ai, personal, everyday, win, privacy, collect, sensetime, west, collection


Everyday conveniences will win over concerns about personal data collection: A.I. start-up SenseTime

On its own, tech cannot generate value: SenseTime 1:27 AM ET Wed, 28 Nov 2018 | 02:38

The public will come to accept the applications of artificial intelligence in daily life and embrace conveniences such as facial recognition easing airport security lines, and virtual assistants in homes, according to a vice president at SenseTime — one of the most valuable AI start-ups in the world.

While AI has prompted privacy concerns over possible abuses — such as government surveillance and invasion of privacy, but SenseTime said it does not collect personal data indiscriminately.

“My point is that we don’t collect the data or use the data without the permission of users,” Leo Liu, group vice-president of SenseTime told CNBC at the East Tech West conference in the Nansha district of Guangzhou, China.


Company: cnbc, Activity: cnbc, Date: 2018-11-30  Authors: andrew wong
Keywords: news, cnbc, companies, worldwhile, vicepresident, tech, virtual, startup, data, conveniences, concerns, ai, personal, everyday, win, privacy, collect, sensetime, west, collection


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