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Castle Journal - Nadeemy Haded

Castle Journal - Nadeemy Haded

 

The New York Times, citing people familiar with the matter, said the United States is expected to extend permission to allow US companies to continue their business with China's Huawei Technologies.

A US Department of Commerce authorization is expected to expire on Monday, but the New York Times said it was expected to be extended by the Trump administration for a period of time.

She said the decision could change in light of ongoing trade talks between the United States and China.

In late October, US regulators proposed new laws to prevent telecom companies from buying equipment from China's Huawei and ZTE.

The FCC said the laws, which will be voted on November 19, were part of an initiative to "protect the country's telecommunication networks."

The two Chinese companies are accused of posing a threat to national security because of their close ties to the Beijing government, despite denying the allegations.

The United States has expressed concern that Huawei devices may contain security holes that allow China to spy on global communications traffic, and pressed its allies to ban the use of Chinese company equipment.

Source Sky News

Wednesday, 13 November 2019 20:45

Dollar rises ahead of Trump speech

 

The dollar rose against the yen and the Swiss franc on Tuesday, as traders grew more optimistic ahead of a speech by US President Donald Trump, which is expected to renew the postponement of customs duties on cars produced by the European Union.

Trump's speech at the New York Economic Club is expected to drive the market, as he is due to discuss US trade policy.

Traders will also be anxious to hear hints about the Trump administration's long-running trade war with China and any progress toward a "phase one" trade deal.

The dollar index, which tracks the performance of the US currency against a basket of six currencies, rose 0.1 percent, according to Reuters news agency.

The dollar advanced against the safe-haven currencies, rising 0.2 percent against the yen and the Swiss franc in early trading in London.

The euro fell 0.1 percent against the dollar to $ 1.10225, near a four-week low of $ 1.10165 hit last week.

The New Zealand dollar fell 0.5 percent to 0.6335 against the US dollar, recovering only slightly from last week's low of $ 0.6323.

The yuan steady in foreign exchange against the dollar at about 7 yuan to the dollar, the level that the Chinese currency first crossed in August.

The yuan has been weakened by political turmoil in Hong Kong and by weak economic data from China.

The dollar was supported last week, when comments from China's Ministry of Commerce were interpreted as a sign of progress in abolishing US and Chinese tariffs, causing traders to abandon safe-haven currencies like the yen.

Source Sky News

NEW YORK (Reuters) - Oil prices closed little changed on Tuesday after giving up nearly 1 percent of gains after a speech by US President Donald Trump that offered few new details on US-China trade talks.

Brent crude futures ended the session down 12 cents at $ 62.06 a barrel, after hovering between $ 61.82 and $ 62.85.

US West Texas Intermediate (WTI) crude futures fell 6 cents to settle at $ 56.80 a barrel.

Prices gave up their gains after Trump's speech at the New York Economic Club, which contained mixed messages on trade between the world's two largest economies and devoid of any signs of progress in the negotiations.

Earlier in the session, oil prices were supported by data showing that oil inventories at the US crude delivery point in Cushing fell about 1.2 million barrels in the week ending November 8, after five consecutive weeks of increases until November 1, according to data. Government.

Source Sky News

Turkish Interior Minister Suleiman Soilo revealed that Germany and the Netherlands have announced their readiness to receive their citizens who were joining the terrorist organization "Daesh" with their families.

He said in a speech in the southeastern state of Wan on Wednesday that the German and Dutch sides showed a constructive attitude regarding the receipt of "ISIS" elements during talks that lasted nearly five days.

He added: "The two sides confirmed their intention to receive their citizens who were joined by ISIS terrorists with their wives and children, including our detainees, who are under our surveillance in Syria."

He hoped that other countries would show the same attitude and constructive cooperation as Germany and the Netherlands.

He pointed to the need for all countries to pay attention to terrorist elements carrying their nationality, in order to collectively combat terrorism, stressing that Turkey is not a hotel for terrorists of other countries.

He revealed that his country had arrested a very important person from the "Daesh" recently in Syria, indicating that investigations are still ongoing with him.

Interior Ministry spokesman Ismail Gatakli announced on Monday the start of deporting foreign terrorists outside the Turkish border.

Earlier this month, Suwailo confirmed that his country "will send elements of" ISIS "to their countries whether their nationality was dropped or not.

On Thursday, President Recep Tayyip Erdogan announced that more than 1,150 ISIS members were being held in Turkey's prisons.

Source: "Anatolia"

Eurozone industrial production rose in September for the second month in a row, beating expectations as higher production in France and the Netherlands offset the decline in Germany and Italy, official estimates showed on Wednesday.

Eurostat said factory output in the 19 euro zone countries rose 0.1 percent in September, month on month, after a 0.4 percent increase in August, compared with market expectations of a 0.3 percent decline.

The unexpected increase offset a 0.5 percent drop in July, ending the third quarter positively after a weak start.

In September, the production of non-durable consumer goods such as food rose 1 percent, but the production of more expensive durable goods such as cars and refrigerators fell 0.7 percent.

In the wake of global trade wars, Germany's export-dependent manufacturing sector fell for the fourth time in six months in September.

The 1 percent decline overshadowed August's 0.7 percent gain.

Source Sky News

 

Russia, which has a huge nuclear arsenal, can destroy the territory of the United States at least 10 times, the Chinese magazine Sohu says.

According to an article in the magazine, Russia possesses a large amount of nuclear warheads, the means of transport for such warheads, as well as the launch sites for these nuclear weapons, including Tu-160 aircraft, strategic ballistic missiles, as well as ballistic missile launchers "puree".

In the opinion of the Chinese magazine, Russia continues to "behave firmly" with regard to the United States, and thus "push the US authorities to a state of astonishment."

"The influence and influence of the United States, in the current situation, is deteriorating and receding, and Russia can regain its superiority in the future."

According to him, the United States can "strike" against Russia against the background of their differences on the situation in Syria and Ukraine, but the possibility of receiving a retaliatory strike from Russia, restrain the Americans.

NATO nations should be very cautious about the use of force because it could "lead to disaster," the article writes.

Source: RIA Novosti

 

The US State Department expressed deep concern over the decision of the European Court of Justice to label products of Israeli settlements in the occupied Palestinian territories.

The State Department, in a statement issued by its spokesperson Morgan Ortagos, expressed her conviction that "the circumstances surrounding the criteria for marking the specific facts presented to the court indicate bias against Israel," stressing that the obligation of European countries to put these labels on settlement products does not Only serve to help and promote the International Movement for the Boycott of Israel (BDS).

The statement reiterated the US administration's opposition to any steps that come in favor of the boycott movement and in order to exert economic pressure on Israel, isolate it or withdraw its legitimacy.

The statement came at a time when relations between Washington and the Palestinian Authority deteriorated to the worst level in years, as the Palestinian Authority categorically rejected any US mediation in resolving the conflict, in protest against a series of US resolutions that the Palestinians considered biased towards Israel, the largest recognition of Jerusalem as the capital of the Jewish state On the principle of a two-state solution.

Source: RT

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