June 12, 2018

China’s telco giant ZTE sees shares collapse 39%

China's telco giant ZTE sees shares collapse 39% Image copyright Reuters Shares in Chinese technology company ZTE plummeted 39% in Hong Kong as trading in the firm resumed after a two-month suspension. In April, the US Commerce Department found ZTE had violated trade bans with North Korea and Iran. A ban was placed on the firm that prevented it from buying parts from US suppliers. The ban forced ZTE to suspend major operations, and trading in its shares in were halted on 17 April. Last week, the US reached a deal with the Chinese technology giant that would remove the ban. The deal will involve ZTE paying a $1bn penalty and hiring a US-approved compliance team. It will also have to replace its management board. ZTE, which is based in Shenzhen, is China's second biggest telecoms maker. It depends on US-made components for the production of handsets. In Shenzhen, the firm's shares were down 10% in early trade, which is the maximum allowed on the mainland. The share fa..
June 12, 2018

Trump-Kim summit: The hidden messages in their gestures

June 12, 2018

Trump Kim summit: Five odd moments from the day

Trump Kim summit: Five odd moments from the day Image copyright Alamy Image caption North Korea's beaches could represent a new business opportunity, according to Mr Trump US President Donald Trump's meeting with North Korean leader Kim Jong-un in Singapore was a historic event, marking the first time that current heads of the two countries have met. From the historic handshake between the two leaders to the signing of a joint agreement, experts have analysed the meeting and its significance for future US-North Korean relations. But there were some odd moments of the day, which have got people talking. 1. The beachesBefore he became president, Donald Trump was better known for his property empire. But it was still a surprising moment to hear the US leader mention a lesser known North Korean attraction: its coastline. "They (North Korea) have great beaches. You see that whenever they're exploding their cannons into the ocean. I said, 'Boy look at that view. Wouldn&#..
June 12, 2018

Trump Kim summit: Rhetoric versus reality

Trump Kim summit: Rhetoric versus reality Image copyright Reuters Image caption Both leaders appeared pleased with the summit, despite the declaration being relatively vague Watching reactions to the Singapore summit as it unfolded became the ultimate foreign policy Rorschach test - everyone came away with a different picture of what happened. There are those who will laud it for establishing a seemingly new approach to US-North Korea relations, one that is more co-operative than confrontational. There are those who will praise it for abandoning the all-or-nothing negotiation style and opting for a more pragmatic and longer-term process, providing enough time and space to work out the details of where we're headed and how to get there. Others will see this as having accomplished nothing new or specific on the denuclearisation front and having simply given both leaders the media attention they so crave. Of course, none of these interpretations are mutually exclusive. Handshake mo..
June 12, 2018

Win-win or a Kim win?

June 12, 2018

Kim Trump summit: North Korea state TV not airing summit news

June 12, 2018

Trump Kim summit: Talks were ‘honest and direct’, US president says

Trump Kim summit: Talks were 'honest and direct', US president says Media playback is unsupported on your device Media captionKim: "The world will see a major change" US President Donald Trump says his talks with North Korean leader Kim Jong-un that ended in a joint agreement were "honest, direct and productive". Mr Trump said he would halt "war games" while Mr Kim had promised to destroy a missile testing site. Their agreement also included a commitment from Mr Kim to rid the Korean peninsula of nuclear weapons. It is the first time a sitting US president and North Korean leader have met. LIVE: Follow the latest summit updates Handshake moment explained in pictures Diplomacy on a plate: What did they eat? The pair shook hands, held talks together and ate lunch accompanied by advisers. It caps a remarkable turnaround for the two, who only last year were engaged in angry threats. What did they agree?The summit centred on nuclear disarmament and reducing tensions. The agreem..
June 12, 2018

Trump on Kim: ‘Past does not have to define our future’

June 12, 2018

Kim: ‘The world will see a major change’

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