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News: Economic Times - World Economy

Hugo Barra steps down as vice president of Xiaomi

To transition out in February and will be replaced by senior V-P Xiang Wang.
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US President Donald Trump misspells honour in latest Twitter mishap

"I am honered to serve you, the great American People, as your 45th President of the United States!", Trump, an avid Twitter user, tweeted shortly after assuming office.
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Donald Trump warns CEOs of 'border tax' for shifting jobs abroad

"There will be advantages to companies that do indeed make their products here. So we've seen it. It's gonna be wave. You watch, it's gonna be a wave," Trump said.
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Donald Trump not to release his tax returns: Aide

Trump repeated the claim that the audit is responsible for his delay in releasing his tax returns at a news conference less than two weeks from his inauguration.
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Samsung says battery caused Note 7 fires, may delay new phone launch

Wrapping up its months-long probe into the cause of the Note 7 debacle, Samsung said faulty batteries from two suppliers were to blame for a product failure that wiped $5.3bn off its operating profit.
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China cracks down on tools used to get around web filters

China's top internet regulator recently said it would begin regulating mobile app store offerings after it found apps that disseminated info it considered illegal.
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UK's Supreme Court to rule if Theresa May can start Brexit without parliament

Challengers, led by investment manager Gina Miller and backed by the Scottish government and others, say May must first get lawmakers' approval.
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Nebraska state senator criticized for women's march retweet

LINCOLN, Neb. (AP) — A Nebraska state senator who had cybersex with a woman on a state computer is facing criticism again for a retweet suggesting that demonstrators at a women's march weren't attractive enough to be sexually assaulted. Republican state Sen.
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Trump taps ex-Rep. Heather Wilson for Air Force secretary

WASHINGTON (AP) — President Donald Trump said Monday he has selected former Republican congresswoman Heather Wilson of New Mexico to be secretary of the Air Force.
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President Donald Trump signs order withdrawing US from Trans-Pacific trade deal

Trump also signed an order imposing a federal hiring freeze and a directive banning U.S. non-governmental organizations receive funding.
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Nebraska senator faces criticism for women's march retweet

LINCOLN, Neb. (AP) — A Nebraska state senator who had cybersex with a woman on a state computer is facing criticism again for a retweet suggesting that demonstrators at a women's march weren't attractive enough to be sexually assaulted. Republican state Sen.
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Donald Trump not to release his tax returns: Aide

A Whitehouse.gov petition with more than 200,000 signatures has called upon Donald Trump to release his tax returns.
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China launches crackdown on Internet, tightens Great Firewall

The move is a setback for China-based foreign community as most of the diplomats, foreign journalists and tourists use VPNs.
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Top banks' Q4 commodities revenue jumps 20-25 per cent: Report

Revenue from commodity trading, selling derivatives to investors and other activities in the sector jumped by 20-25 percent in the final three months of 2016 compared with the same period the previous year
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Donald Trump promises CEOs to slash taxes, regulation

Donald Trump warned the 12 corporate CEOs gathered at the White House that he would impose a "border tax" on goods imported by companies that move jobs out of the United States.
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