News 

China cracks down on illegal hog slaughtering to contain African swine fever

“Such activities have severely disrupted the hog slaughtering sector, and further increased the risks of spreading African swine fever, the ministry said” writes Midwest Communications Inc for 95kqds.com. BEIJING (Reuters) – China has launched a campaign to crack down on illegal hog slaughtering, and build more large-scale slaughterhouses, to control the spread of deadly African swine fever, the country’s agriculture ministry said on Tuesday. Source: 95kqds.com Share This:

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China’s Huawei announces small increase in new 5G customer base

“Unlike other big Chinese technology firms, it derives half of its revenue from overseas” writes Midwest Communications Inc for 95kqds.com. On Tuesday, Huawei said it expects revenue to exceed $100 billion this year, a 8.7 percent rise from last year.HONG KONG (Reuters) – Huawei Technologies [HWT.UL] on Tuesday said it has secured more than 25 commercial contracts for 5G, slightly above the 22 the Chinese technology giant had announced https://www.huawei.com/en/press-events/news/2018/11/Huawei-22-Commercial-Contracts-5G in November.Huawei is the world’s largest supplier of telecommunications network equipment and second-biggest maker of smartphones, with revenue of about…

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Tribunal fines to be quadrupled under Government overhaul of workers’ rights announced by Greg Clark

“Firms found guilty of mistreating employees will have tribunal fines quadrupled under new laws brought forward by the Government and will also be forced to increase agency worker pay” writes Tim Knox for telegraph.co.uk. Ministers today set out what they describe as the biggest package of workplace reforms for over 20 years to meet the changing world of work. The maximum employment tribunal fines for employers demonstrated to have shown malice, spite or gross oversight will increase from £5,000 to £20,000. Source: telegraph.co.uk Share This:

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U.S. sets new March 2 date for China tariff increases amid talks

“The official delay of the tariff rate increase was of little comfort to the U.S. tech sector” writes Midwest Communications Inc for 95kqds.com. WASHINGTON (Reuters) – The U.S. Trade Representative’s office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m.The notice does not affect the 25 percent tariff rate already in place on $50 billion worth of Chinese technology items, including semiconductors, printed circuit boards and other electronic components, machinery and vehicles.The change was made in a…

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A Green New Deal would necessitate huge mining increase

“This makes it increasingly difficult “to meet a rapid increase in global demand with a comparable increase in global supply.”” reports washingtonexaminer.com. In addition, mining companies require long-term investment assurances to fund new mining and refining activities, according to the findings.Specifically, the demand for so-called “rare earth metals” like neodymium, terbium, dysprosium, and praseodymium stands out as a potential problem for moving to a global energy system dominated by renewables.Much of the planet’s rare earth metals come from China, making the U.S. particularly vulnerable to supply chain vulnerabilities, as the…

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Here are 121 ways to get the nation’s fiscal house in order

“New left-leaning House Democrats in fact argue the country has to increase spending, particularly on domestic priorities” writes D C for marketwatch.com. It might be the Congressional Budget Office’s “options for reducing the deficit,” with the government budget agency on Thursday posting 121 different ways to curtail red ink. Related: U.S. budget deficit jumps to $205 billion in November. The CBO estimates the deficit will grow to $973 billion this year from $779 billion, and reach as high as $1.53 trillion by 2028. Source: marketwatch.com Share This:

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News Oil 

U.S. import prices fall 1.6% in November, biggest drop in 3 years

“The increase in import prices over the past 12 months fell to 0.7% from 3.3%, the smallest advance since 2016” writes Jeffry Bartash for marketwatch.com. If fuel is omitted, the increase in import prices over the past year was a meager 0.3%.WASHINGTON (MarketWatch) – The cost of imports fell 1.6% in November, becoming the latest inflation gauge to recede from recent highs largely due to lower oil prices.Even if fuel is excluded, however, import prices slipped 0.3% last month. Source: marketwatch.com Share This:

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Inflation flat in November on decline in gas prices, CPI shows

“Still, the slowdown in overall consumer prices is giving American workers a break” writes Jeffry Bartash for marketwatch.com. Some doubts on economy justified, doom and gloom is not Big picture: Some economists think inflation will increase again next year.The numbers: Falling gasoline prices helped cushion the blow of higher rent and prescription drug prices in November and kept inflation in the U.S. at bay, fresh government figures show.Yet others suggest somewhat slower U.S. economic growth, abetted by higher interest rates, will keep inflation bottled up. Source: marketwatch.com Share This:

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Crypto News 

Crypto.com Nets Ex-PayPal Exec to Increase Merchant Cryptocurrency Adoption

“Hong Kong-based cryptocurrency payment platform Crypto.com has hired a former PayPal executive, the company confirmed in a press release Dec. 11” writes William Suberg for cointelegraph.com. Crypto.com, which came into being after cryptocurrency debit card provider Monaco acquired the domain name for a reported $10 million in July, seeks to increase consumer and merchant adoption for point-of-sale (PoS) transactions.Tyson Hackwood will join the crypto firm as its senior vice president and head of global merchant acquisition.Despite the downturn in cryptocurrency prices throughout 2018, the number is tipped to expand beyond…

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Markets News 

Automotive market welcomes new price

“The automotive market is one of the concerned parties that will actually match the new custom dollar price” writes Daily News Egypt for dailynewsegypt.com. According to the General Supervisor of the Automotive Market Information Council, Khaled Sa’ad, European-manufactured vehicles will not be affected much by this decision, as these kinds of vehicles will be custom-free by 2019, following the application of the final portion of duty exemption according to Egypt-EU Association Agreement.The only impact will be on services related to these brands, which will not exceed a 3% increase it…

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