2019年10月14日星期一

Monday Morning Briefing: Trump prepares to drop sanctions hammer on Turkey

Highlights

President Donald Trump’s administration is set to impose economic sanctions on Ankara, potentially as early as this week, for its incursion into northern Syria, one of the few levers the United States still has over NATO-ally Turkey. Trump asked the Pentagon on Sunday to begin a “deliberate” withdrawal of all U.S. troops from northern Syria.

Hunter Biden, the son of former U.S. Vice President Joe Biden for the first time on Sunday defended his work in Ukraine and China, after sustained criticism from President Trump that has in turn embroiled the White House in an impeachment inquiry.

The White House Correspondents’ Association has condemned a video that depicted a fake image of President Trump slaughtering members of the news media, shown at a gathering of his supporters. But the political action group hosting the event, American Priority, said in a statement on Twitter that it had not been aware of the video and did not approve it.

'Broken system' starves U.S. oil boom of immigrant workers New Mexico oil man Johnny Vega laid out his predicament as his crew hoisted pipes from a well during the biggest oil boom in U.S. history. The son of a Mexican guestworker, Vega cannot find enough legal workers to meet demand for his oil well service rigs.

World

Rescue workers waded through muddy, waist-high waters on Monday searching for missing people after one of the worst typhoons to hit Japan in recent history, while rain fell again in some affected areas, stoking fears of further flooding. At least 43 people were killed in the typhoon that left vast sections of towns in central and eastern Japan under water.

Spain’s Supreme Court on Monday sentenced nine separatist leaders from Catalonia to between nine and 13 years in prison for sedition over their role in a failed bid for independence in October 2017. The landmark ruling stemmed from the holding of a referendum that had been banned and a short-lived independence declaration.

Russian President Vladimir Putin visits Saudi Arabia on Monday for the first time in over a decade, seeking to capitalize on growing influence borne of military advances in Syria, strong ties with regional rivals and cooperation on energy policy.

A deal to smooth Britain’s departure from the European Union hung in the balance on Monday after diplomats indicated the bloc wanted more concessions from Prime Minister Boris Johnson and said a full agreement was unlikely this week.

Business

What to watch in third-quarter earnings from U.S. companies

U.S. companies are preparing to report third-quarter results following a rocky few months in which they grappled with a U.S.-China trade conflict undermining the business environment and an overall economy that has been showing signs of struggling.

5 min read

Trump's hailing of $50 billion in Chinese farm purchases seen as 'meaningless'

China is still a long way from forking out $50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles

5 Min Read

Trade war rejuvenates 'Silicon Valley' firms in Malaysia

Years after resisting pressure to move to China, Lee Hung Lung says his bet has paid off. Sales at his Malaysia-based Hotayi Electronic are surging, it’s hiring more workers, considering an expansion, and picking and choosing orders.

7 min read

WeWork opens new sites at breakneck speed despite cash-burn concerns

WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed investors scrutinize its prospects for going public.

5 min read

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