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ZTE’s HK shares jump 3.8 percent as U.S. lawmakers cut measure from bill

“HONG KONG (Reuters) – Shares of China’s ZTE Corp rose as much as 3.8 percent in Hong Kong on Monday after U.S. lawmakers cut measures from a defense bill that would have reinstated sanctions on the telecommunications equipment maker” writes Midwest Communications Inc for 95kqds.com. ZTE’s shares climbed to HK$15.20 in early trade. That is still 40 percent lower than its last trading price in April when its shares were suspended for two months. Source: 95kqds.com Share This:

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U.S. lawmakers cut anti-ZTE measure from must-pass bill: source

“Top Senate Democrat Chuck Schumer said in a statement that he opposed stripping the provision out of the defense policy bill” writes Midwest Communications Inc for 95kqds.com. But it was taken out as lawmakers from the Senate and House of Representatives hammered out differences between the two defense policy bills.WASHINGTON (Reuters) – U.S. lawmakers who reached an agreement on a must-pass defense bill cut from the legislation a measure that would have made it harder for the president to undo sanctions slapped on China’s ZTE Corp , a top Democrat…

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U.S. lawmakers set to grill Trump’s consumer watchdog pick

“WASHINGTON (Reuters) – Fireworks are expected in U.S. Congress on Thursday when lawmakers question Kathy Kraninger, a senior government official and President Donald Trump’s pick to lead the consumer watchdog created after the 2007-2009 financial crisis” writes Midwest Communications Inc for 95kqds.com. But other conservatives have raised concerns that her lack of consumer finance experience will hurt her confirmation chances.Democrats have said she lacks relevant experience and even some Republicans have questioned her familiarity with the consumer finance issues she would be tasked with policing. Source: 95kqds.com Share This:

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There are growing demands for Trump to release his tax returns after disastrous summit with Putin

“We should pass legislation that requires the president to release his tax returns” writes Allan Smith for businessinsider.com. “Well, that’s why his tax returns would be so important.Prominent lawmakers, pundits, and watchdog groups are renewing calls for President Donald Trump to finally release his tax returns after the president’s widely-panned summit with Russian President Vladimir Putin in Helsinki, Finland earlier this week. Source: businessinsider.com Share This:

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France needs ‘food safety police’ to avoid new Lactalis crisis: report

“Food inspections in France are currently split between three administrations – economy, food and health -, which has created gaps and confusions in previous crises” writes Midwest Communications Inc for 95kqds.com. In their findings, lawmakers recommended tougher judicial and financial sanctions against food makers in case they sell a contaminated product.PARIS (Reuters) – France should appoint a “food safety police” and increase fines on those who sell contaminated products to avoid a repeat of the salmonella outbreak at a Lactalis milk factory last year that led to dozens of babies…

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John Kelly tells GOP lawmakers to push back against Trump’s denial of Russian meddling: Report

“Kelly called GOP lawmakers on Capitol Hill to encourage them to speak out against Trump, the sources on condition of anonymity” reports washingtonexaminer.com. Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan held a televised press conference to confirm that they agreed with the U.S. intelligence community’s assessment that Russia did meddle in the election.Kelly also reportedly told Trump the comments he made during the joint press conference in Helsinki on Monday would make things worse for him with special counsel Robert Mueller’s investigation into possible Russian collusion with…

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U.S. lawmakers urge Google, Facebook to resist Vietnam cybersecurity law

“Concerns over information control in Vietnam, underpinned by the passing of the cybersecurity law, have driven some Vietnamese activists to seek alternative social media platforms” reports businessinsider.com. Bill Ottman, founder of Minds.com, a U.S.-based social media platform which promotes internet freedom, said his website had seen a spike of 150,000 new users from Vietnam since the cybersecurity law was passed.The law, which was approved by Vietnamese legislators last month and takes effect on Jan. 1, 2019, requires Facebook, Google and other global technology firms to store locally personal data on…

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House lawmakers agree on bipartisan package on capital markets rule-easing

“WASHINGTON (Reuters) – Top lawmakers in the U.S. House of Representatives on Monday said they had agreed on a bipartisan legislative package to ease rules in a bid to help Main Street companies and boost jobs” writes Midwest Communications Inc for 95kqds.com. The bipartisan Dodd Frank rewrite sparked hopes among lobbyists that lawmakers would move quickly to change other financial rules they say are hurting Main Street businesses and stymieing economic growth.”The bills are designed to breathe new life into markets that are suffocating under aging regulations,” Hensarling said in…

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GOP lawmakers laying groundwork to impeach Rosenstein: Report

“House GOP lawmakers are laying the groundwork to impeach deputy attorney general Rod Rosenstein, a new report says” reports washingtonexaminer.com. Earlier Friday, Rosenstein revealed that Mueller indicted 12 Russian military officials for federal crimes during the 2016 election, due to their involvement in hacking into Democratic emails and servers.The lawmakers, whose planning has occurred for several weeks, have blamed Rosenstein for delaying a probe of FBI agents who they allege have displayed bias against President Trump and as a result, have been wrapping up an impeachment filing against Rosenstein, Politico…

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Midterm elections could test GOP’s patience with Trump’s trade war

“House Republicans have so far shown patience as President Trump prosecutes his trade war, but some say that patience could wear thin as the midterm elections approach” reports washingtonexaminer.com. Jeff Flake, R-Ariz., who sponsored the nonbinding Senate language opposing Trump’s trade policy, believes pressure will build when House lawmakers head home to their districts in August.”There’s a lot of patience for this administration when it comes to trade in middle America, and I saw that,” Davis said. Source: washingtonexaminer.com Share This:

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