UK banks may have been used for Iran payments related to Huawei: WSJ

UK banks may have been used for Iran payments related to Huawei: WSJ

Jane Wolsak | Reuters Huawei CFO Meng Wanzhou, who was arrested on an extradition warrant, appears at her B.C. Supreme Court bail hearing along with a translator, in a drawing in Vancouver, British Columbia, Canada December 7, 2018. British banks Standard Chartered and HSBC were reportedly among financial institutions misled by Chinese technology giant Huawei into funneling illicit payments from Iran, The Wall Street Journal said on Sunday, citing sources familiar with the matter. According…

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Zopa, a UK P2P lender, plans more funding in 2019 as it opens a bank

Zopa, a UK P2P lender, plans more funding in 2019 as it opens a bank

U.K. peer-to-peer lender Zopa plans on raising more money in 2019 as it looks to open up its own bank, its boss told CNBC. The financial technology start-up recently obtained a banking license from Britain’s financial regulator, on the back of a £60 million ($76.5 million) funding round it closed last month. “We will be looking to raise additional capital in 2019,” Zopa Chief Executive Jaidev Janardana told CNBC in an exclusive interview. “The focus…

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Canada puts on ‘show trial’ for arrested Huawei CFO

Canada puts on ‘show trial’ for arrested Huawei CFO

Canada treated her “as a dangerous criminal” and “violent offender” by restraining her with handcuffs and forcing her to wear ankle restraints following her initial bail hearing, the paper said. “It is hard to escape the conclusion that her treatment is something of a show trial intended to humiliate her and China,” it said. China is regularly accused of violating the human rights of its own citizens who speak out against the government, advocate democracy…

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Abu Dhabi Ports sees ‘huge’ trade boost from Cosco deal

Abu Dhabi Ports sees ‘huge’ trade boost from Cosco deal

Bloomberg | Bloomberg | Getty Images Abu Dhabi Terminals branding is seen on the side of an office atop a ship-to-shore gantry crane at Khalifa Port, operated by Abu Dhabi Ports Co. “We are good allies of all of the countries,” said Al Shamisi, who added that he sees a “huge” import and export potential for the region. Monday marks the inauguration of a 35-year concession agreement between Abu Dhabi Ports and China Ocean Shipping…

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Steven Mnuchin under consideration to be next Trump chief of staff

Steven Mnuchin under consideration to be next Trump chief of staff

Pool | Getty Images News | Getty Images U.S. President Donald Trump, with Secretary of Treasury Steven Mnuchin, displays a signed financial services Executive Order during a ceremony in the US Treasury Department building. Treasury Secretary Steven Mnuchin is one of the advisors to President Donald Trump under consideration to be the next White House chief of staff, according to two people with direct knowledge of the matter. Yet Mnuchin has indicated to his inner…

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China trade data, US-China, currencies trade in focus

China trade data, US-China, currencies trade in focus

China reported notably weaker than expected November exports and imports, which pointed to slower global and domestic demand and raised the possibility that Beijing may undertake more measures to boost growth. November exports rose 5.4 percent from a year earlier, according to Chinese customs data on Saturday, which was below the 10 percent jump predicted by a Reuters poll. That number was also the weakest performance since a 3 percent contraction in March. The customs…

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Bear market is here, brace for 20% plunge: Ned Davis Research

Bear market is here, brace for 20% plunge: Ned Davis Research

The wild trading that’s gripped Wall Street may be no ordinary correction. According to Ned Davis Research’s Ed Clissold, a bear market is officially here. “If you take this as a typical bear market, not associated with a recession, it’s going to take you down around 20 percent — maybe a little bit more,” the firm’s chief U.S. market strategist told CNBC’s “Futures Now” last week. “That’s what we need to be thinking about over…

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90 day pause in US-China trade war is a ‘hard deadline’

90 day pause in US-China trade war is a ‘hard deadline’

Mauricio Valenzuela | picture alliance | Getty Images China’s President Xi Jinping stands at the Cocoli locks in the Panama Canal. China’s head of state and party Xi Jinping was the first president of the People’s Republic of Panama to visit.  U.S. Trade Representative Robert Lighthizer said on Sunday he considers March 1 “a hard deadline” to reach a deal on trade with China, and that new tariffs will be imposed otherwise. “As far as…

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Winter Storm Diego grounds more than 1,400 flights

Winter Storm Diego grounds more than 1,400 flights

Scott Olson | Getty Images News | Getty Images American Airlines aircraft at the gates in O’Hare International Airport, Chicago. Airlines canceled more than 1,400 flights over the weekend, as a wintry storm from Virginia to Florida snarled air travel, with disruptions likely to spill over into the work week. The storm dumped snow and sleet across the Carolinas and Virginia, causing treacherous travel conditions. The storm knocked out power to some 200,000 customers, Duke…

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Google reveals North Bayshore Mountain View development plan 

Google reveals North Bayshore Mountain View development plan 

Google just revealed its vision for a massive development in its home city of Mountain View, California, outlining plans for a combination of office, retail, public and residential space. The documents, published late Friday, center on the North Bayshore area of Mountain View, and include 3.12 million square feet of new and redeveloped offices, up to 400,000 square feet of community retail area, as many as 8,000 new homes and 35 acres of publicly accessible…

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Best companies to work for in Germany in 2019

Best companies to work for in Germany in 2019

Leading software business SAP has been crowned by Glassdoor as the best place for German employees to work during the next year — and it’s not just Germany that SAP is winning over. In Glassdoor’s annual best place to work rankings, the German-based group has made an appearance in five of the lists published this week, including France and the U.K. Reviews on Glassdoor see employees praise the company for the company’s work benefits and…

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Power outage numbers continue to climb in the Upstate, Mountains as winter weather continues

Power outage numbers continue to climb in the Upstate, Mountains as winter weather continues

As the Upstate and Western North Carolina prepare for the upcoming winter storm Diego, officials want to remind residents how to respond if their power goes out. FOX Carolina will continue covering the area and the storm’s impact throughout this weekend. As of 6:30 a.m. Sunday morning, Duke Energy reported more than 117,000 customers in the Carolinas were without power as winter storm Diego slammed our area. Below is a list of outages by county…

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France’s Macron to make ‘important announcements’ in coming week, spokesman says

France’s Macron to make ‘important announcements’ in coming week, spokesman says

Andrew Harrer | Bloomberg | Getty Images Emmanuel Macron, France’s president, center, listens as U.S. President Donald Trump, left, speaks at an arrival ceremony during a state visit on the South Lawn of the White House in Washington, D.C., April 24, 2018. French President Emmanuel Macron is set to make a major announcement early in the coming week, his government’s spokesman said on Sunday, following a day of violent nationwide “yellow vest” protests against the…

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Saudi Arabia hosts neighbors amid Qatar tensions, Khashoggi crisis

Saudi Arabia hosts neighbors amid Qatar tensions, Khashoggi crisis

The Gulf Cooperation Council’s (GCC) annual summit was set to open in Riyadh on Sunday, with regional unity imperiled by a bitter row between Qatar and Saudi Arabia, which is mired in a diplomatic crisis over the murder of journalist Jamal Khashoggi. The one-day annual gathering of leaders from the six member states is expected to focus on security issues, including the Yemen war and Iran’s regional activities, and may touch on oil politics and…

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Cetention of Huawei exec is ‘vile in nature’ China says

Cetention of Huawei exec is ‘vile in nature’ China says

China summoned the Canadian ambassador to protest the detention of a top executive of leading Chinese tech giant Huawei, calling it “unreasonable, unconscionable, and vile in nature” and warning of “grave consequences” if she is not released. A report by the official Xinhua News Agency carried on the Foreign Ministry’s website said that Vice Foreign Minister Le Yucheng called in Ambassador John McCallum on Saturday over the holding of Chief Financial Officer Meng Wanzhou, who…

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