‘Very dangerous’: Putin, Trump want to weaken the European Union, top EU official says

There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a high-ranking European official told CNBC. As European voters prepare to head to the polls later this week and choose new lawmakers to the European Parliament, there is a lot of debate about the challenges within the 28-member union. However, Jyrki Katainen, vice president of the European Commission told CNBC Tuesday that the external challenges have never been so hard. “Countries


There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a high-ranking European official told CNBC. As European voters prepare to head to the polls later this week and choose new lawmakers to the European Parliament, there is a lot of debate about the challenges within the 28-member union. However, Jyrki Katainen, vice president of the European Commission told CNBC Tuesday that the external challenges have never been so hard. “Countries
‘Very dangerous’: Putin, Trump want to weaken the European Union, top EU official says Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: silvia amaro
Keywords: news, cnbc, companies, challenges, better, states, european, russia, putin, told, president, dangerous, eu, trump, official, katainen, union, united, weaken


'Very dangerous': Putin, Trump want to weaken the European Union, top EU official says

There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a high-ranking European official told CNBC.

As European voters prepare to head to the polls later this week and choose new lawmakers to the European Parliament, there is a lot of debate about the challenges within the 28-member union. However, Jyrki Katainen, vice president of the European Commission told CNBC Tuesday that the external challenges have never been so hard.

“Countries like Russia, China but also the United States have challenged us harder than before,” Katainen said in Brussels.

“We are (for the) first time in the history in a situation where the President of the United States and (the) President of Russia seem to share the same view on Europe: the weaker, the better, because they think that it’s better for their own country, which is obviously not right,” Katainen, who is also the former prime minister of Finland said.

The transatlantic relationship has been particularly challenging for the EU since President Trump came into power in 2016. Their differences have been clear on issues such as climate change and trade.


Company: cnbc, Activity: cnbc, Date: 2019-05-22  Authors: silvia amaro
Keywords: news, cnbc, companies, challenges, better, states, european, russia, putin, told, president, dangerous, eu, trump, official, katainen, union, united, weaken


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Dollar hovers recent high, supported by higher US yields

The dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies. But late on Monday, the United States granted Huawei a licence to buy U.S. goods until Aug. 19. Against the yen, the dollar was largely steady at 110.49 yen, having hit a two-week high of 110.675 during the previous session. The greenback has recovered 1.4% from a three-month trough of 109.02 yen


The dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies. But late on Monday, the United States granted Huawei a licence to buy U.S. goods until Aug. 19. Against the yen, the dollar was largely steady at 110.49 yen, having hit a two-week high of 110.675 during the previous session. The greenback has recovered 1.4% from a three-month trough of 109.02 yen
Dollar hovers recent high, supported by higher US yields Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-22
Keywords: news, cnbc, companies, yields, dollar, recent, states, united, trade, touched, hovers, high, higher, supported, yen, huawei, overnight


Dollar hovers recent high, supported by higher US yields

The dollar hovered near a four-week high on Wednesday, supported by higher U.S. yields after the United States eased trade restrictions on Chinese telecommunications equipment maker Huawei Technologies.

The move came as a relief to markets hit by escalating trade tensions between the United States and China, though analysts said sentiment remained fragile with tariff negotiations between the world’s two largest economies yet to produce a durable solution.

“The trade dispute won’t be resolved easily, so the risk-off mood won’t come off all of a sudden. I think market sentiment will rather improve one small step at a time,” said Ayako Sera, market strategist at Sumitomo Mitsui Trust Bank.

Against a basket of key rival currencies, the dollar was last a shade lower at 98.014, having brushed a 3-1/2-week high of 98.134 overnight. The index has risen 1.9% so far this year.

The U.S. Commerce Department blocked Huawei Technologies from buying U.S. goods last week, leading several companies to suspend business with the world’s largest telecoms equipment maker.

Chipmakers, many of which sell to Huawei, bore the brunt of the sell-off.

But late on Monday, the United States granted Huawei a licence to buy U.S. goods until Aug. 19.

Against the yen, the dollar was largely steady at 110.49 yen, having hit a two-week high of 110.675 during the previous session. The greenback has recovered 1.4% from a three-month trough of 109.02 yen touched on Monday last week.

Japan’s exports fell 2.4% in April from a year earlier, down for a fifth straight month, in a sign of weakness in external demand, finance ministry data showed, compared with a 1.8% decrease expected by economists in a Reuters poll.

Sumitomo Mitsui’s Sera said the yen’s weakness overnight was thanks to the higher U.S. Treasury yields, which ticked up in response to the recovery in U.S. equities.

“When yields are rising, it’s natural for the dollar to be bought. I think moves in U.S. yields are really important,” she said.

The 10-year U.S. Treasury note yield was last largely unchanged at 2.423% after moving further off a seven-week low of 2.354% brushed on Thursday during the previous session.

The euro was steady at $1.1162.

The single currency, which has given up 0.9% from this month’s high touched on May 1, has been under pressure in recent weeks on dollar strength and due to concerns the upcoming European parliamentary elections may see euroskeptic parties faring well.

The pound was at $1.2713, hovering near a four-month low of $1.2685 touched overnight. It briefly rose overnight after Prime Minister Theresa May set out a “new deal” for Britain’s departure from the EU, offering sweeteners to Parliament including the chance to vote on whether to hold a second referendum to try to break the impasse over Brexit.

Yet traders doubted that a fractious Parliament would have to back any new referendum.


Company: cnbc, Activity: cnbc, Date: 2019-05-22
Keywords: news, cnbc, companies, yields, dollar, recent, states, united, trade, touched, hovers, high, higher, supported, yen, huawei, overnight


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Trade war hits Asian markets, pushing dollar to 4-week high

Signs that Asia is already feeling the pinch from a trade conflict between the United States and China pushed the U.S. dollar to a four-week high on Tuesday, while higher U.S. Treasury yields helped the move. “This is the main cause behind the dollar strength. “Asian equity markets reacted positively to the news, but there should only be limited follow-through, as uncertainty remains high, and this uncertainty may potentially prompt companies to cut back on existing capex plans,” said Redeker. T


Signs that Asia is already feeling the pinch from a trade conflict between the United States and China pushed the U.S. dollar to a four-week high on Tuesday, while higher U.S. Treasury yields helped the move. “This is the main cause behind the dollar strength. “Asian equity markets reacted positively to the news, but there should only be limited follow-through, as uncertainty remains high, and this uncertainty may potentially prompt companies to cut back on existing capex plans,” said Redeker. T
Trade war hits Asian markets, pushing dollar to 4-week high Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-21
Keywords: news, cnbc, companies, dollar, 4week, thailand, treasury, states, trade, uncertainty, strength, pushing, hits, high, markets, asian, weakest, united, war


Trade war hits Asian markets, pushing dollar to 4-week high

Signs that Asia is already feeling the pinch from a trade conflict between the United States and China pushed the U.S. dollar to a four-week high on Tuesday, while higher U.S. Treasury yields helped the move.

Data showed economic growth in Singapore was its lowest in nearly a decade in the first quarter, while in Thailand it was at its lowest in four years, raising worries that major Asian economies will be hurt by global trade tensions.

“Global growth prospects seem to be getting gloomier by the day,” wrote Hans Redeker, global head of foreign exchange strategy at Morgan Stanley. He also cited a decline in South Korea’s exports in the first 20 days of May, a fall in steel prices and the weakest Japanese condominium sales since 2016.

“The situation in Asia is difficult – Thailand, Singapore, export decline in Korea – which shows that the trade conflict is hurting even without a further escalation,” said Commerzbank foreign exchange strategist Esther Maria Reichelt.

“This is the main cause behind the dollar strength. If anything, I was little bit surprised we didn’t see a more pronounced risk movement,” she added.

The United States temporarily eased trade restrictions on China’s Huawei to minimize disruption for its customers, a move which boosted Asian equities and helped the offshore Chinese yuan pull back from its weakest levels since November, where it has hovered since Friday. But the relief is not expected to be lasting.

“Asian equity markets reacted positively to the news, but there should only be limited follow-through, as uncertainty remains high, and this uncertainty may potentially prompt companies to cut back on existing capex plans,” said Redeker.

The dollar index which measures the currency against a basket of six rivals, was 0.14% higher, last at 98.07.

Against the euro, the U.S. dollar was 0.2% stronger, last at $1.115. The single currency is being hurt by dollar strength and also by upcoming European parliamentary elections in which euroskeptic parties may fare well.

The greenback may have also been lifted by a fall in Treasury bond prices, which saw the 10-year yield rise to a one-week high of 2.435% on the back of some positive comments on the U.S. economy from policymakers.

Elsewhere, Australia’s top policymaker Philip Lowe said on Tuesday the Reserve Bank of Australia would consider the case for lower interest rates at its June policy meeting, pushing the Aussie dollar 0.54% lower to $0.687.


Company: cnbc, Activity: cnbc, Date: 2019-05-21
Keywords: news, cnbc, companies, dollar, 4week, thailand, treasury, states, trade, uncertainty, strength, pushing, hits, high, markets, asian, weakest, united, war


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Chinese ambassador on trade talks: The US ‘changes its mind so often’

Chinese Ambassador to the United States Cui Tiankai speaks at a reception celebrating the 90th anniversary of the founding of the Chinese People’s Liberation Army (PLA) at the Chinese embassy in Washington D.C., the United States, on July 27, 2017. Cui Tiankai, the Chinese ambassador to the United States, said on Tuesday that U.S. negotiators have “often” backed out on partial trade deals at the last minute. “If we review the process of trade talks between us over the last year or so, it is quit


Chinese Ambassador to the United States Cui Tiankai speaks at a reception celebrating the 90th anniversary of the founding of the Chinese People’s Liberation Army (PLA) at the Chinese embassy in Washington D.C., the United States, on July 27, 2017. Cui Tiankai, the Chinese ambassador to the United States, said on Tuesday that U.S. negotiators have “often” backed out on partial trade deals at the last minute. “If we review the process of trade talks between us over the last year or so, it is quit
Chinese ambassador on trade talks: The US ‘changes its mind so often’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: michael sheetz
Keywords: news, cnbc, companies, washington, states, ambassador, talks, tiankai, trade, cui, chinese, changes, told, mind, united


Chinese ambassador on trade talks: The US 'changes its mind so often'

Chinese Ambassador to the United States Cui Tiankai speaks at a reception celebrating the 90th anniversary of the founding of the Chinese People’s Liberation Army (PLA) at the Chinese embassy in Washington D.C., the United States, on July 27, 2017.

Cui Tiankai, the Chinese ambassador to the United States, said on Tuesday that U.S. negotiators have “often” backed out on partial trade deals at the last minute.

“If we review the process of trade talks between us over the last year or so, it is quite clear it is the U.S. side that, more than once, changed its mind overnight, and broke the tentative deal already reached,” Cui told Fox News.

“It is the U.S. side who changes its mind so often,” Cui added.


Company: cnbc, Activity: cnbc, Date: 2019-05-21  Authors: michael sheetz
Keywords: news, cnbc, companies, washington, states, ambassador, talks, tiankai, trade, cui, chinese, changes, told, mind, united


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Three states, including two big ones for the 2020 election, just set new lows for unemployment

A job recruiter wears a shirt showing all of the Wal-Mart Stores Inc. brands during a career fair at the Sheraton Hotel in Philadelphia, Pennsylvania. At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records. Vermont’s lowest-in-the-nation 2.2% jobless rate represents a new historic mark for the Green Mountain state, according to a report Friday from the Bureau of Labor Statistics.


A job recruiter wears a shirt showing all of the Wal-Mart Stores Inc. brands during a career fair at the Sheraton Hotel in Philadelphia, Pennsylvania. At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records. Vermont’s lowest-in-the-nation 2.2% jobless rate represents a new historic mark for the Green Mountain state, according to a report Friday from the Bureau of Labor Statistics.
Three states, including two big ones for the 2020 election, just set new lows for unemployment Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jeff cox
Keywords: news, cnbc, companies, big, statistics, ones, including, showing, set, states, lows, unemployment, election, walmart, wears, shirt, state, stores, 2020, rate


Three states, including two big ones for the 2020 election, just set new lows for unemployment

A job recruiter wears a shirt showing all of the Wal-Mart Stores Inc. brands during a career fair at the Sheraton Hotel in Philadelphia, Pennsylvania.

At a time when the national unemployment rate is at its lowest in nearly half a century, three states have set all-time records.

Vermont’s lowest-in-the-nation 2.2% jobless rate represents a new historic mark for the Green Mountain state, according to a report Friday from the Bureau of Labor Statistics.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: jeff cox
Keywords: news, cnbc, companies, big, statistics, ones, including, showing, set, states, lows, unemployment, election, walmart, wears, shirt, state, stores, 2020, rate


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US reaches deal to lift steel and aluminum tariffs on Canada and Mexico

The United States has reached a deal to lift steel and aluminum tariffs on Canada and Mexico, removing one key obstacle to passing updates to the North American Free Trade Agreement. Canada will remove tariffs levied on American goods in retaliation for the steel and aluminum duties. Mexico also said it would set up measures to stop unfair trade practices in the aluminum and steel markets and to monitor trade of the metals in North America. The Canadian and Mexican governments, along with top U.


The United States has reached a deal to lift steel and aluminum tariffs on Canada and Mexico, removing one key obstacle to passing updates to the North American Free Trade Agreement. Canada will remove tariffs levied on American goods in retaliation for the steel and aluminum duties. Mexico also said it would set up measures to stop unfair trade practices in the aluminum and steel markets and to monitor trade of the metals in North America. The Canadian and Mexican governments, along with top U.
US reaches deal to lift steel and aluminum tariffs on Canada and Mexico Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: kayla tausche jacob pramuk, kayla tausche, jacob pramuk
Keywords: news, cnbc, companies, aluminum, canada, lift, remove, states, reaches, trade, metals, steel, deal, tariffs, united, mexico


US reaches deal to lift steel and aluminum tariffs on Canada and Mexico

The United States has reached a deal to lift steel and aluminum tariffs on Canada and Mexico, removing one key obstacle to passing updates to the North American Free Trade Agreement.

In a joint statement Friday, the Canadian and American governments said the U.S. will scrap the metals duties within two days. Canada will remove tariffs levied on American goods in retaliation for the steel and aluminum duties. The countries will also:

Drop all pending litigation in the World Trade Organization related to the tariffs

Set up measures to “prevent the importation of aluminum or steel that is unfairly subsidized and/or sold at dumped prices” and “prevent the transshipment of aluminum and steel made outside of Canada or the United States to the other country”

Make an “agreed-upon process for monitoring aluminum and steel trade between them”

In a separate statement, the Mexican government also said it would remove retaliatory tariffs it put on the U.S. and cease pending litigation. Mexico also said it would set up measures to stop unfair trade practices in the aluminum and steel markets and to monitor trade of the metals in North America.

Trump referenced the tariff removal during remarks Friday to the National Association of Realtors, saying, “I’m pleased to announce we’ve just reached an agreement with Canada and Mexico to sell product without the imposition of major tariffs.”

The Canadian and Mexican governments, along with top U.S. lawmakers, have pushed the Trump administration to remove the tariffs before the countries approve the United States Mexico Canada Agreement. President Donald Trump and Canadian Prime Minister Justin Trudeau spoke earlier Friday about the duties on metals and the tariffs Canada slapped on U.S. goods in retaliation, according to a spokesman for Trudeau.


Company: cnbc, Activity: cnbc, Date: 2019-05-17  Authors: kayla tausche jacob pramuk, kayla tausche, jacob pramuk
Keywords: news, cnbc, companies, aluminum, canada, lift, remove, states, reaches, trade, metals, steel, deal, tariffs, united, mexico


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Maryland’s top finance official calls for economic retaliation against Alabama after state passes near-total abortion ban

A protester holds a sign in opposition to HB314, which would ban abortions in all cases except the health of the mother outside the Alabama State House on Tuesday, May 14, 2019 in Montgomery, AL. Maryland’s chief financial officer on Thursday called for a number of retaliatory economic measures against Alabama in response to the state’s passage of the nation’s most restrictive abortion legislation. The bill was signed Wednesday by Republican Gov. First, he said, he will order his staff to prepar


A protester holds a sign in opposition to HB314, which would ban abortions in all cases except the health of the mother outside the Alabama State House on Tuesday, May 14, 2019 in Montgomery, AL. Maryland’s chief financial officer on Thursday called for a number of retaliatory economic measures against Alabama in response to the state’s passage of the nation’s most restrictive abortion legislation. The bill was signed Wednesday by Republican Gov. First, he said, he will order his staff to prepar
Maryland’s top finance official calls for economic retaliation against Alabama after state passes near-total abortion ban Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tucker higgins
Keywords: news, cnbc, companies, staff, calls, official, ban, states, finance, passes, retaliation, state, alabama, marylands, economic, board, neartotal, retirement, republican, systems, order, gov, nations


Maryland's top finance official calls for economic retaliation against Alabama after state passes near-total abortion ban

A protester holds a sign in opposition to HB314, which would ban abortions in all cases except the health of the mother outside the Alabama State House on Tuesday, May 14, 2019 in Montgomery, AL.

Maryland’s chief financial officer on Thursday called for a number of retaliatory economic measures against Alabama in response to the state’s passage of the nation’s most restrictive abortion legislation. The bill was signed Wednesday by Republican Gov. Kay Ivey.

Maryland Comptroller Peter Franchot, a Democrat who also serves as vice chair of the state’s retirement system, is seeking a full divestment of the $52 billion pension fund from Alabama businesses and will soon make the case to the system’s board of trustees, he said.

First, he said, he will order his staff to prepare a report on the retirement system’s exposure to Alabama to make sure that it can be done responsibly.

Read more: Alabama lawmakers, with eyes on overturning Roe v. Wade, pass nation’s strictest abortion ban

Franchot also said he will order his staff of 1,100 employees not to travel to Alabama on business and will use his seat on the three-member Board of Public Works to limit contracts given to Alabama companies. That board, which also includes Republican Gov. Larry Hogan, awards $11 billion in contracts annually, he noted.


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tucker higgins
Keywords: news, cnbc, companies, staff, calls, official, ban, states, finance, passes, retaliation, state, alabama, marylands, economic, board, neartotal, retirement, republican, systems, order, gov, nations


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5 states file new lawsuits against OxyContin-maker Purdue Pharma amid opioid epidemic

China has plenty of ways to get back at US for treatment of…China has plenty of ways it can retaliate against U.S. treatment of Huawei, and U.S. companies could feel the brunt of it. Market Insiderread more


China has plenty of ways to get back at US for treatment of…China has plenty of ways it can retaliate against U.S. treatment of Huawei, and U.S. companies could feel the brunt of it. Market Insiderread more
5 states file new lawsuits against OxyContin-maker Purdue Pharma amid opioid epidemic Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tyler clifford
Keywords: news, cnbc, companies, plenty, amid, companies, file, insiderread, states, itmarket, ofchina, treatment, epidemic, ways, retaliate, pharma, huawei, lawsuits, feel, opioid, purdue, oxycontinmaker


5 states file new lawsuits against OxyContin-maker Purdue Pharma amid opioid epidemic

China has plenty of ways to get back at US for treatment of…

China has plenty of ways it can retaliate against U.S. treatment of Huawei, and U.S. companies could feel the brunt of it.

Market Insider

read more


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: tyler clifford
Keywords: news, cnbc, companies, plenty, amid, companies, file, insiderread, states, itmarket, ofchina, treatment, epidemic, ways, retaliate, pharma, huawei, lawsuits, feel, opioid, purdue, oxycontinmaker


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‘Hope not,’ Trump says when asked if the United States will go to war with Iran

US President Donald Trump (L) greets Switzerland’s President Ueli Maurer before a meeting at the White House on May 16, 2019, in Washington, DC. Meanwhile, members of Congress blasted the Trump administration for leaving them in the dark about details of the situation with Iran — and House Speaker Nancy Pelosi said Trump lacks authority to declare war on Iran. Within hours of Trump making that public comment, The New York Times reported that the president has told acting Defense Secretary Patric


US President Donald Trump (L) greets Switzerland’s President Ueli Maurer before a meeting at the White House on May 16, 2019, in Washington, DC. Meanwhile, members of Congress blasted the Trump administration for leaving them in the dark about details of the situation with Iran — and House Speaker Nancy Pelosi said Trump lacks authority to declare war on Iran. Within hours of Trump making that public comment, The New York Times reported that the president has told acting Defense Secretary Patric
‘Hope not,’ Trump says when asked if the United States will go to war with Iran Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: dan mangan
Keywords: news, cnbc, companies, told, situation, authorization, house, states, hope, pelosi, asked, president, middle, united, trump, war, iran


'Hope not,' Trump says when asked if the United States will go to war with Iran

US President Donald Trump (L) greets Switzerland’s President Ueli Maurer before a meeting at the White House on May 16, 2019, in Washington, DC.

Meanwhile, members of Congress blasted the Trump administration for leaving them in the dark about details of the situation with Iran — and House Speaker Nancy Pelosi said Trump lacks authority to declare war on Iran.

Within hours of Trump making that public comment, The New York Times reported that the president has told acting Defense Secretary Patrick Shanahan that he does not want to go to war with Iran.

That answer to a reporter’s question during a photo opportunity at the White House with Swiss President Ueli Maurer came amid growing concern about a conflict between the U.S. and Iran.

President Donald Trump said “hope not” when he was asked Thursday if the United States is going to war with Iran.

“The responsibility in the Congress is for Congress to declare war,” said Pelosi, D-Calif.

“So I hope the president’s advisors recognize that they have no authorization to go forward in any way. They cannot call the authorization, AUMF, the authorization for the use of military force, that was passed in 2001, as any authorization to go forward in the Middle East now,” she said.

“I like what I hear from the president that he has no appetite for this,” Pelosi added added. “One of the places that I agree with the president is that both of us in our opposition to the war in Iraq and I hope the same attitude will prevail with the president of the United States even though some of his supporters are rattling sabers.”

The Trump administration has sent an aircraft carrier strike group and bombers to the Middle East in response to what it has characterized as “troubling and escalatory indications and warnings” from Iran.

Those indications include a purported threat from Iran against U.S. diplomatic posts in Iraq, as well as worry that Iran is setting the stage to place rocket launchers on ships in the Persian Gulf.

On Wednesday, the U.S. State Department ordered nonemergency government employees to leave the American embassy in Baghdad and the consulate in Erbil.

Sen. Richard Blumenthal, D-Conn., a member of the Armed Services Committee, told reporters Thursday: “The American people have been kept in the dark. It is disgraceful and despicable that we’re on the verge of war, and the American people are given this kind of confused and chaotic picture of what the situation is on the ground.”

Blumenthal said that he and other senators have heard that “we are supposedly going to have a briefing on Tuesday” from the Trump administration about the Iran situation.

But, Blumenthal added, “we’re hearing it may be too late because hostilities may have begun or there may be an escalation on the military situation.”

That would be “petrifying,” he said.

Later Thursday, three sources told NBC News that all senators will be receiving a classified briefing next Tuesday to update them on the situation involving Iran and the Middle East.


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: dan mangan
Keywords: news, cnbc, companies, told, situation, authorization, house, states, hope, pelosi, asked, president, middle, united, trump, war, iran


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UK says it will make its own decision on 5G and Huawei

The U.K. government said it will make its own decision as to whether to include Huawei technology as it builds out its 5G network. The United States has asked allies to reject Huawei’s infrastructure on fears it could open up avenues to Chinese spying, a claim the tech firm has repeatedly rejected. The U.S. has even blacklisted Huawei, among other firms, effectively blocking the company from sourcing components and tech from America. The U.S. Commerce Department said in a statement Wednesday tha


The U.K. government said it will make its own decision as to whether to include Huawei technology as it builds out its 5G network. The United States has asked allies to reject Huawei’s infrastructure on fears it could open up avenues to Chinese spying, a claim the tech firm has repeatedly rejected. The U.S. has even blacklisted Huawei, among other firms, effectively blocking the company from sourcing components and tech from America. The U.S. Commerce Department said in a statement Wednesday tha
UK says it will make its own decision on 5G and Huawei Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: david reid
Keywords: news, cnbc, companies, decision, tech, states, undermine, willing, 5g, work, united, huawei, uk, technology, security


UK says it will make its own decision on 5G and Huawei

The U.K. government said it will make its own decision as to whether to include Huawei technology as it builds out its 5G network.

The United States has asked allies to reject Huawei’s infrastructure on fears it could open up avenues to Chinese spying, a claim the tech firm has repeatedly rejected. The U.S. has even blacklisted Huawei, among other firms, effectively blocking the company from sourcing components and tech from America.

The U.S. Commerce Department said in a statement Wednesday that the move aimed to protect U.S. technology from “foreign-owned entities” that could undermine national security. In response, Huawei said that it is willing to work with U.S. officials to ensure product security.


Company: cnbc, Activity: cnbc, Date: 2019-05-16  Authors: david reid
Keywords: news, cnbc, companies, decision, tech, states, undermine, willing, 5g, work, united, huawei, uk, technology, security


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