2019年5月20日星期一

Monday Morning Briefing: Google suspends some business with Huawei

Top News

Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world.

Australia’s conservative coalition secured an outright parliamentary majority following a shock election victory, allowing Prime Minister Scott Morrison to progress his legislative agenda without the support of independents. Morrison’s center-right government now needs to find a fast way out of a worrying slowdown in an economy that has been recession-free since 1991.

The U.S. military said one of its warships sailed near the disputed Scarborough Shoal claimed by China in the South China Sea, a move likely to anger Beijing at a time of tense ties between the world’s two biggest economies. The busy waterway is one of a growing number of flashpoints in the U.S.-China relationship, which include a trade war, U.S. sanctions and Taiwan.

A rocket was fired into the Iraqi capital Baghdad’s heavily fortified Green Zone, which houses government buildings and diplomatic missions, on Sunday night, falling near the U.S. Embassy but causing no casualties, the Iraqi military said. The attack came two weeks after U.S. Secretary of State Mike Pompeo warned Iraqi leaders during a surprise visit to Baghdad that if they failed to keep in check Iran-backed militias, which are expanding their power in Iraq and now form part of its security apparatus, the U.S. would respond with force.

The Swedish prosecutor heading an investigation into a rape allegation against Julian Assange filed a request with a local court for him to be detained in absentia. If granted, the court order would be the first step in a process to have the WikiLeaks founder extradited from Britain, where he is serving a 50-week sentence for skipping bail.

India

India’s ruling Bharatiya Janata Party is preparing to meet coalition partners to discuss a new government, two BJP sources said, after exit polls predicted a better-than-expected result for it in a general election. Prime Minister Narendra Modi’s BJP-led National Democratic Alliance is projected to win anything between 339-365 seats in the 545-member lower house of parliament with the Congress-led opposition alliance getting only 77 to 108, an exit poll from India Today Axis showed on Sunday.

Breakingviews: Modi win will underpin India's market exuberance
Indian voters just gave the country’s stock market some support. Prime Minister Narendra Modi’s ruling Hindu-nationalist Bharatiya Janata Party is coasting to a comfortable second term, based on exit polls. If the electorate has indeed looked past employment problems and rural economic distress, the prospect of political continuity will keep valuations stretched for the time being, writes Una Galani.

Business

Anti-money laundering specialists at Deutsche Bank recommended in 2016 and 2017 that multiple transactions involving entities controlled by President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday. Citing five current and former Deutsche Bank employees, the newspaper reported that the transactions, some of which involved Trump’s now-defunct foundation, set off alerts in a computer system designed to detect illicit activity. Deutsche Bank denied the report in a statement saying “at no time was an investigator prevented from escalating activity identified as potentially suspicious”

Huawei Chief Financial Officer Meng Wanzhou described her house arrest in Vancouver as “restricted to a limited space” even as she spent her past six months in a six-bedroom, multi-million dollar Canadian home. Daughter of Huawei’s billionaire founder, Ren Zhengfei, Meng was arrested at Vancouver’s airport in December on a U.S. warrant and is fighting extradition on charges that she conspired to defraud global banks about Huawei’s relationship with a company operating in Iran.

President Trump said his tariffs on Chinese goods are causing companies to move production out of China to Vietnam and other countries in Asia, and added that any agreement with China cannot be a “50-50” deal. In an interview with Fox News Channel recorded last week and aired on Sunday night, Trump said that the United States and China “had a very strong deal, we had a good deal, and they changed it. And I said that’s OK, we’re going to tariff their products.”

World

Ex-Trump aide Bannon praises Marine Le Pen's campaign

Former Trump adviser Steve Bannon praised French far-right politician Marine Le Pen’s political recovery but said he was in France as an observer of the European elections rather than actively playing a role in Le Pen’s campaign. Bannon said Le Pen had done well in terms of managing to come back from her defeat to President Emmanuel Macron in France’s 2017 presidential election.

2 min read

Afghan working women still face perils at home and office

Minutes before Mena Mangal, a prominent Afghan journalist and parliamentary adviser, was shot dead by two men in Kabul, she had slammed the door of her parent’s home after reminding them to pay the neighborhood shopkeeper 15 Afghanis (20 cents). The brazen attack on Mangal has drawn widespread condemnation — including from U.S. officials and Canadian Prime Minister Justin Trudeau — and highlighted what activists say is the continuing plight of Afghan women, who still suffer high levels of sexual and domestic violence and discrimination.

5 Min Read

High fives, selfies and a snap election as Zelenskiy takes power in Ukraine

Television comedian Volodymyr Zelenskiy took the oath of office as Ukraine’s new president, promising that as hard as he had worked in the past to make Ukrainians laugh, he would now work to keep them from crying.

5 min read

Argentine political twist could provide balm for troubled markets

Argentine markets, rattled during recent months by rising political uncertainty, could get a reprieve after the populist ex-leader seen as challenger No. 1 in this year’s presidential elections said she would instead run on someone else’s ticket.

4 min read

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