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UK’s Huawei decision could hurt possible Brexit trade deal, warns Pence

UK’s Huawei decision could hurt possible Brexit trade deal, warns Pence

Business
Boris Johnson's decision to allow Chinese tech giant Huawei a role in Britain's 5G network could threaten a post-Brexit trade deal between the UK and America, according to US vice president Mike Pence.His comments came after it was reported that US President Donald Trump blasted Mr Johnson with "apoplectic" rage during a phone call regarding the 5G move. Speaking to the US broadcaster CNBC, Mr Pence said: "We are profoundly disappointed because look, when I went at the president's direction in September I met with Prime Minister Johnson and I told him the moment the UK is out of Brexit we were willing to begin to negotiate a free trade arrangement with the UK."But we just don't believe that utilising the assets, the technology of Huawei is consistent with the security or privacy interests ...
At least 14 dead, hundreds hurt as quake hits eastern Turkey

At least 14 dead, hundreds hurt as quake hits eastern Turkey

World
Turkish officials say at least 14 people have been killed in an earthquake with a preliminary magnitude of 6.8 that shook the country's east, injuring more than 300 and leaving several trapped in toppled buildingsBy SUZAN FRAZER Associated PressJanuary 24, 2020, 9:57 PM3 min readANKARA, Turkey -- An earthquake with a preliminary magnitude of 6.8 rocked eastern Turkey on Friday killing at least 14 people, injuring more than 300 and leaving several trapped in the wreckage of toppled buildings, Turkish officials said. Rescue teams from neighboring provinces were dispatched to the affected areas, and Defense Minister Hulusi Akar said troops were on standby to help. TV footage showed rescuers pull out one injured person from the rubble of a collapsed building in the eastern Elazig province. Tu...
12 killed, dozens hurt after jetliner crashes in Kazakhstan

12 killed, dozens hurt after jetliner crashes in Kazakhstan

World
Authorities suspended some flights in Kazakhstan after a jetliner carrying 98 people crashed shortly after takeoffBy VLADIMIR TRETYAKOV and DARIA LITVINOVA Associated PressDecember 27, 2019, 9:44 PM4 min readALMATY, Kazakhstan -- A jetliner with 98 people aboard struggled to get airborne and crashed shortly after takeoff Friday in Kazakhstan, killing at least 12 people, authorities said. The Bek Air jet, identified as a 23-year-old Fokker 100, hit a concrete wall and a two-story building soon after departing from Almaty, Kazakhstan's largest city and former capital, airport officials said. The aircraft's tail also struck the runway twice during takeoff, indicating that it struggled to get off the ground, Deputy Prime Minister Roman Sklyar said. Fifty-four people people were reported hospi...
Hong Kong protests haven’t hurt our profitability, say bank CEOs

Hong Kong protests haven’t hurt our profitability, say bank CEOs

Finance
Pro-democracy protests have hurt the Hong Kong economy, but the chief executives of two major banks said their businesses in the city have not been affected in a big way.Singaporean bank DBS said on Monday that net profit for its Hong Kong business jumped 14% year-on-year in the July-to-September quarter. That performance came on the back of a 15% year-on-year rise in overall profit for the quarter to 1.63 billion Singapore dollars ($ 1.2 billion), which beat analyst estimates compiled by Refinitiv.Hong Kong contributed around 334 million Singapore dollars, or 20%, of DBS' overall profits in the third quarter this year.Piyush Gupta, CEO of DBS, told CNBC's Tanvir Gill that he doesn't anticipate a "serious problem" with the bank's loan book in Hong Kong. But the bank has set aside some mone...
Cuts to Social Security would hurt older, single women most of all

Cuts to Social Security would hurt older, single women most of all

Finance
Jim McGuire | Getty ImagesThe Social Security program is approaching insolvency.Social Security costs keep escalating, with future expenses for the program expected to be 20% higher than projected revenue. To that point, action must be taken promptly to prevent an across-the-board benefit cut for many current and future beneficiaries, according to the Social Security 2019 Annual Report.As soon as next year, Social Security's yearly expenses are expected to exceed its revenue — forcing the program to begin drawing down its trust funds. The projected impact will result in only 75% of benefits promised to actually be paid beginning in 2035. That will impact millions of individuals who rely on this income for their living expenses in retirement.The population most dependent on Social Security