Pompeo warns allies Huawei presence complicates partnership with U.S.The Saigon Times Daily U.S. Secretary of State Mike Pompeo speaks to the media at the United Nations following a Security Council meeting about the situation in Venezuela in the Manhattan borough of New York City, New York, U.S., January 26, 2019 – PHOTO: REUTERS BUDAPEST (REUTERS) - U.S. Secretary of State Mike Pompeo cautioned allies on Monday against deploying equipment from Chinese telecoms giant Huawei on their soil, saying it would make it more difficult for Washington to "partner alongside them". The United States and its Western allies believe Huawei Technologies' apparatus could be used for espionage, and see its expansion into central Europe as a way to gain a foothold in the EU market. Washington is concerned in particular about the expansion of Huawei, the world's biggest maker of telecoms equipment, in Hungary and Poland. "We want to make sure we identify (to) them the opportunities and … [Read more...] about Pompeo warns allies Huawei presence complicates partnership with U.S.
Venezuela travel warning
'Serious consequences,' U.S. warns, after Venezuela moves on GuaidoThe Saigon Times Daily Venezuelan opposition leader and self-proclaimed interim president Juan Guaido gestures as he attends a session of the Venezuela's National Assembly in Caracas, Venezuela January 29, 2019 – PHOTO: REUTERS CARACAS (REUTERS) - Venezuela’s government struck back at self-declared interim president Juan Guaido on Tuesday, seeking a travel ban and freeze on his bank accounts that prompted a warning from Washington of “consequences” after imposing oil sanctions. The sweeping U.S. sanctions on oil firm PDVSA, announced on Monday, means the state-run company may not be able to fulfill contracts with North American buyers, the government of President Nicolas Maduro said. Aimed at driving Maduro from power, the sanctions were the strongest measures yet against the 56-year-old former union leader, who has overseen economic collapse and an exodus of millions of Venezuelans in … [Read more...] about ‘Serious consequences,’ U.S. warns, after Venezuela moves on Guaido
SYDNEY: Trade wars and protectionism are key risk factors to airline profits already weakened by rising oil prices, the International Air Transport Association said Monday (Jun 4). Aircraft sit on the tarmac at Heathrow Airport in London. (File photo: AFP) The warning came at the annual meeting of global airlines in Sydney, where it was revealed that 2018's collective net profit was forecast to be US$33.8 billion, down from an outlook of US$38.4 billion released in December. The lower figure, while still considered healthy for the sector, reflected the impact of soaring oil prices which have hit 3.5-year highs following the US pullout from the Iran nuclear deal and unrest in Venezuela. IATA chief executive Alexandre de Juniac said airlines had so far faced no "significant decline" in passenger or cargo traffic, but warned that both would suffer if trade tensions continued. "Generally, we think ... that all these barriers to trade are bad news from an industry standpoint," de … [Read more...] about Global airline body warns against protectionism, rising costs
A steep drop in U.S. travelers to Cuba after a tightening of travel restrictions by President Donald Trump helped drive a 7 percent slide in foreign visitors to the Caribbean island in the first three months of 2018, Cuban official data showed on Tuesday. The U.S. restrictions and warning on travel to the island were to blame for the lower number of U.S. arrivals from the same period a year ago, the Cuban Tourism Ministry's commercial director, Michel Bernal, told a news conference in Havana. Another issue affecting Cuba's tourism sector is unjustified worries about the devastation wrought by Hurricane Irma last September, he said, given that the country had long since fixed its tourist installations. "The total of U.S. clients is only 56.6 percent of what it was in 2017," Bernal said. The state-run Cuban News Agency published the percentage decline in overall foreign visits separately, citing tourism authorities. The number of Americans traveling to Cuba surged after former U.S. … [Read more...] about US visits to Cuba plunge following Trump measures