Category: Business

Russia and the United States were approaching a breakthrough on Tuesday in long-term negotiations aimed at extending the breakthrough nuclear weapons trade, which expires within a few months.

US officials said they were ready to meet Russian diplomats as soon as possible, shortly after Moscow said it could compromise US demands.

Both sides struggled to find a common ground for the fate of the New Strategic Arms Reduction Treaty. This will limit the number of warheads deployed by both sides to 1,550, but will expire in February next year.

The United States wants to re-create an agreement to cover new types of weapons, including China, but Russia is prepared to extend the agreement for five years without new conditions-and both sides repeatedly overwhelm the other’s proposal. It was.

There are still thousands of nuclear warhead weapons in both the United States and Russia, some on board missiles such as the American Minuteman III tested in February.
US Air Force / Clayton Wear

The agreement was signed in 2010 at the peak of expectations for a “reset” of relations between the two countries.

Along with the Intermediate-Range Nuclear Forces Treaty (INF) during the Cold War, it was regarded as the centerpiece of international arms control.

However, the United States withdrew from the INF last year after accusing Moscow of violating it.

The United States dismissed the proposal from Russian President Vladimir Putin and did not want to compromise on a new start (October 16, 20200, without limiting the development of new weapons as a “non-starter”. Photo to extend the transaction for one year)
Sputnik / Alexei Dordinin

Most recently, last week, the US didn’t seem to want to compromise on a new start. Authorities have rejected Russia’s President Vladimir Putin’s offer to extend the deal for one year without limiting the development of new weapons as a “non-starter.”

But with US President Donald Trump lagging behind in next month’s election polls, his administration has shown that it supports the maintenance of the treaty.

And Russia’s Foreign Ministry on Tuesday said it agreed with the US’s request for a one-year freeze on arms development and expressed its willingness to compromise.

“We thank the Russian Federation for its willingness to move forward on the issue of nuclear arms control,” said Morgan Ortgauss, a spokeswoman for the State Department.

“The United States is ready to meet immediately to finalize a verifiable agreement. We expect Russia to empower its diplomats to do the same.”

In the course of months of talks, Washington demanded that tactical nuclear weapons be subject to the treaty, arguing that China should be included, even if Beijing did not show interest.

However, Russia is believed to possess a larger and more diverse tactical weapon.

The Kremlin is generally considered an important strategic asset as nuclear weapons are heavily devoted to Washington’s defense.

According to the Stockholm International Peace Research Institute, Russia had 6,375 nuclear warheads, including those that were not deployed earlier this year.

Journalist Jamal Khashoggi’s fiancé sued the Saudi Crown Prince and other officials in a US court on Tuesday seeking damages for his brutal murder in Istanbul two years ago.

Khashoggi, a human rights group formed before the death of Turkish citizen Hatige Senzis, killed Mohammed bin Salman and 28 others in the murder of a U.S.-based writer on October 2, 2018. I am seeking compensation for damages.

Cengiz alleged personal injury and financial loss from Khashoggi’s death, and DAWN said the loss of its founder and central figure hampered its operations and objectives.

“Mr. Khashoggi’s ruthless torture and murder shocked the conscience of people around the world,” the proceedings said.

“The purpose of the murder was clear: to stop Khashoggi’s defense in the United States, primarily as Secretary-General of Plaintiff DAWN, for democratic reform of the Arab world.”

Khashoggi was killed at the Istanbul Consulate in Saudi Arabia, and his body was dismantled and disposed of by a Saudi team allegedly commanded by the crown prince’s right arm.

Thirteen Saudis were tried in Riyadh and sentenced to severe imprisonment after expressing global anger at the incidents and pressures from the United States and Turkey.

Hatige Senzis, the fiancée of the late journalist Jamal Khashoggi, has sued the Saudi Crown Prince and other Saudis in a US court over the October 2018 killing of Khashoggi.
AFP / Jim Watson

However, despite the connection with the murder, the two best royal aides, Deputy Intelligence Director Ahmad al-Assiri and Court Media Director Saud al-Katani, were exonerated.

Both an aide convicted of murder in Saudi Arabia and another aide involved in the plot were appointed in the proceedings.

Cengiz and DAWN said they had filed a proceeding in the Washington Federal Court for lack of justice in Saudi Arabia, known for its opaque courts, and Turkish legal experts said civil affairs while Ankara filed a criminal proceeding over murder. He said the proceedings would not proceed. ..

Khashoggi, a prominent critic of the Riyadh administration, lived near Washington and worked partially for the Washington Post when he was killed.

Jengiz said the two were married under Islamic tradition and are preparing for a civil marriage.

The proceedings alleged that the plot against him involved the Saudi embassy in Washington, which instructed him to travel to Istanbul to obtain the necessary documents for their marriage.

He also states that his killing has damaged the activities of the Washington-based DAWN.

Defendant said, “Kashoggi is aware of his relationship with the United States and has brutally killed Khashoggi in order to silence him and prevent him from continuing to defend democracy in the Arab world.” The proceedings said.

Swedish telecommunications regulators said Tuesday that they had banned Chinese telecommunications groups Huawei and ZTE from 5G networks for security reasons.

The ban came into force in January 2020 following an investigation by the Swedish Armed Forces and security agencies “to ensure that the use of wireless devices in these bands does not harm Sweden’s safety.” It is in line with. The Telecom Authority said in a statement.

Huawei, the world’s second-largest market leader in next-generation 5G devices for mobile phones, already has installed devices, and carriers that rely on ZTE will also install existing devices by January 1, 2025. All need to be deleted.

Authorities also said, “If a central function relies on foreign staff or functions, such reliance must be phased out.”

The United States claims that Chinese companies are being used to spy on Beijing-a claim that China denies-and is pressing allies to separate Huawei from their Internet infrastructure.

In July, the UK banned mobile providers from using Huawei devices on new 5G networks and allowed UK companies to remove Huawei devices until 2027.

France also imposes strict restrictions on the use of equipment by Huawei.

Swedish carriers that rely on Huawei’s existing equipment, the world’s second-largest mobile phone and market leader in next-generation 5G equipment, will also remove existing equipment by January 1, 2025. is needed.
AFP / STR

The Chinese embassy in Stockholm said, “Some people in Sweden are hype about the claims that Chinese companies’ equipment is a’national security threat’.” He said the claim was not backed by “true credibility.” evidence. “

An embassy spokesperson called on the Swedish government to reconsider its decision.

“We are strongly opposed to excluding certain companies from certain countries and oppressing Chinese companies for unfounded crimes,” an embassy spokesman said in a statement.

When asked if the ban on Swedish telecommunications equipment maker Ericsson could undermine relations between Sweden and China and bring retaliation to China, Sweden’s digital development minister Anders Ygeman said. China is an important trading partner for Sweden and will continue to do so. “

“I believe and hope that Sweden’s high security demands and the expansion of modern telecommunications do not mean worsening relations with China,” Igeman told news agency TT.

The ban on Tuesday came after PTS announced that it had approved four applications for the Swedish 5G spectrum auction, which is scheduled to begin on November 10.

All four Swedish companies are Hi3G Access, Net4Mobility, Telia Sweden and Teracom.

Two weeks before the election day, President Donald Trump and Joe Biden have adopted radically different strategies to secure their votes. Republican incumbents increased his appearance, and Democratic challengers chose to hunt at home.

After two campaign rallies on Monday in Arizona, 74-year-old Trump will head to Pennsylvania on Tuesday to make a new push in a battlefield condition that is considered essential for reelection bids-First Just before the rare appearance by Lady Melania Trump was canceled.

Meanwhile, former Vice President 77, who leads Trump in a vote prior to the November 3 confrontation in the ballot box, did not schedule a public event for the second consecutive day.

US President Donald Trump believes the election is on track in two weeks
AFP / MANDEL NGAN

“Things are changing rapidly,” Trump told the Fox and Friends program, claiming that his own polls showed Biden was “implosive.”

“He was hiding ….. he was there for a long time.”

There is little visible evidence that the Democrats are actually flagging voter support-he seems to be preparing at home two days before the final television debate with the Republican President.

In fact, polls show that Trump participates in down or tight contests in most swing states that determine the presidential election, but a combination of enthusiastic campaigns against Biden and scorched earth operations gives him. He believes it is giving new momentum.

US President Donald Trump’s rally features a chant to “lock him up” against enemy Joe Biden.
AFP / Olivier Tour

Trump continues to attack as hard as Tuesday, flooding the zone with a fierce pursuit of a dark story depicting Biden as corrupt, and investigating his “criminal” enemy with US Attorney General Bill Barr. I asked.

But just two weeks ago, Trump was hospitalized in Covid-19, Biden had his own field, and revealed his central message that Republican leaders had failed the country in managing the coronavirus crisis. I did.

Democratic presidential candidate Joe Biden is less noticeable, but leads President Donald Trump in most polls
AFP / JIM WATSON

Trump has been the subject of multiple accusations of sexual assault and financial injustice, and was also the first president to run for reelection after being impeached.

But he won in 2016 thanks to the success of the last-minute push to question the honesty of his opponent Hillary Clinton.

This time he re-studded the playbook.

His 2020 attack focuses on conspiracy theories about the Biden family’s business activities. A crowd of Trump rallies reused an old anti-Clinton chant for Biden and shouted, “Keep him in.”

Details of the second television debate between US Presidential candidate Donald Trump and Joe Biden on October 22, 2020
AFP / Alain BOMMENEL

According to Trump, Biden’s personally troubled son, Hunter, sold access to his father in Ukraine and China when he was Vice President of Barack Obama.

The release of the story at the Trump-friendly New York Post brings new life to the story on the eve of the election, based on information provided by Trump’s allies regarding the discovery of criminal information on Hunter Biden-owned laptops. I did.

Trump took his tactics one step further on Tuesday, not only calling Joe Biden a “criminal,” but also demanding that Barr “act and act swiftly.”

“This must be known before the election,” Trump said.

According to a new poll from The New York Times / University of Siena, Biden has a 9-point lead nationwide.

This reflects poll consensus, but it accurately predicts the 2016 shock outcome, with Biden just 2.3 points ahead and outliers including IBD / TIPP, which now has a much tougher race. there is.

Pennsylvania is one of the half-dozen states that Trump must win more or less to maintain his presidency. This week’s Reuters / Ipsos poll showed that the gap was closing slightly, but Biden is ahead in the poll.

It’s important to choose Erie at the rally on Tuesday. Because he won the long-standing Democratic fortress in 2016, emphasizing the ability of populist rhetoric to call for a white non-university-educated working class vote.

Melania Trump was to join him in Pennsylvania-her first campaign rallyed in over a year and potential polls in a woman’s vote to show that Trump has serious problems It was a boost.

However, the trip was canceled because of a “prolonged cough” after being infected with the coronavirus, a spokeswoman said.

Biden continues to focus on dealing with Trump’s pandemic, portraying him as a panicked and irresponsible leader, but the president is in places like Pennsylvania, closure and social distance. Is squeezing frustration with the economic impact of.

“We will never shut down,” Trump promised on Tuesday.

An important element of this year’s campaign is early voting, a record high amid concerns about the spread of the virus. To date, about 34 million Americans have already voted, according to an independent US election project.

Two former Uruguay presidents, including the iconic José Mujica, who was known as the “poorest” leader in the world during his tenure, resigned from frontline politics on Tuesday.

Former left-wing guerrilla Mujica, 85, said the coronavirus pandemic was behind his decision because he suffered from a weakened immune system.

Julio Maria Sanguinetti, the first president of Uruguay after the end of the dictatorship, said his decision was made before last year’s elections.

Mujica became a cult figure in his 2010-15 presidency by offering a rigorous lifestyle, including most of his salary and driving an old Volkswagen Beetle.

“Honestly, I’m going because the pandemic is kicking me out,” said Mujica, a Serving Senator.

“Being a senator means talking to people and going around. The game isn’t played in the office,” he added.

“And I am doubly threatened by old age and illness.”

Former Uruguay President Julio Sanguinetti (left) and José Mujica hug in the final session as Senators at Parliament in Montevideo on October 20, 2020
AFP / Pablo PORCIUNCULA

He left “very regretfully,” but said, “I am grateful for the many memories and deep nostalgia.”

Mujica is one of the top executives of the left-wing Broad Front coalition, which has been in power for 15 years before being expelled in last year’s elections by centre-right leader Luis Lacaje Pooh.

A veteran politician was internationally recognized for his unconventional style, but at home he was a controversial figure for the guerrilla past.

He was part of the MLN-Tupumaros rebels who rebelled against the democratic government in the 1960s and 1970s.

Many Uruguayans accused them of causing a 1973 military coup that led to a dictatorship that lasted until 1985.

Mujica spent 10 years in prison, many of whom were held in prisons.

Sanguinetti, 84, served as president for two terms, 1985-1990 and 1995-2000.

He said he “needs to be the General Secretary of the Colorado Party” and has stood up as a senator because of his commitment to journalism.

As the clock counts down rapidly, key U.S. policy makers may meet late Tuesday to reach the final round before the time to approve the relief package prior to the November 3 election. There is.

According to economists, the coronavirus-stricken U.S. economy remained strong due to a large injection of about $ 3 trillion in support for businesses and homes, but more help to avoid another recession. Is required.

Negotiations between the White House and parliamentary Democrats have been protracted for months with little progress, and US house speaker Nancy Peroshi has realistically agreed on a package that could be approved before the election on Sunday. He said he had only 48 hours left to do.

Mr. Pelosi was scheduled to speak with Treasury Secretary Steven Mnuchin around 1900 Greenwich Mean Time. Sources familiar with the matter asked AFP if the two countries could ultimately narrow the gap between the two.

Mnuchin is negotiating during a trip to the Middle East, traveling to Israel, Bahrain and the United Arab Emirates.

The House of Representatives approved a $ 2.2 trillion package, and President Donald Trump’s administration proposed a $ 1.8 trillion bailout.

Trump, who is tracking a national poll behind democratic challenger Joe Biden, has shown that he could be bigger, but Senate Republicans have rebelled over the size of spending. Woke up.

U.S. House of Representatives Chairman Nancy Peroshi and Treasury Secretary Stephen Munewsin continue to work on packages to support the U.S. economy.
AFP / NICHOLAS KAMM

Senate leader Mitch McConnell has repeatedly stated that he will not support large packages, and on Tuesday the Republican-controlled chamber of commerce will take a narrower $ 500 billion measure to support small businesses. He said he would vote.

He opposed many Democrat-backed measures and refused to vote on the House bill, but told Peroshi that the paycheck protection program updated on Tuesday “should be easy” and “Marie Antoinette Act.” To end. ” .. “

Pelosi and Mnuchin spoke on Monday, “continuing to narrow their differences,” and “speakers hope to be clear by the end of Tuesday whether the bill can be passed before the election.” Drew Hanmil, an aide to the company, tweeted.

Tens of millions of workers have lost their jobs since the shutdown began in March, but the economy has shrunk the worst since the Great Depression.

The $ 2.2 trillion CARES law expanded unemployment benefits and provided loans and subsidies to small businesses, but those provisions expired months ago.

IMF Chief Economist Gita Gopinato told AFP last week that the US rescue package of about $ 2 trillion surpassed the currently projected 3.1% increase in GDP for next year’s largest economic growth in the world. Said to push up 2 points.

According to dealers, global stocks on Tuesday were mixed before the deadline for pre-election US stimulus was approaching.

In Europe, London finished slightly higher than its start date, but the Paris and Frankfurt stock indexes plummeted in the negative territory.

The New York market was strong with noon trading after a slight recovery in US housing starts in September.

Oil prices fell the day after OPEC and other major oil producers refrained from changing production policies, despite weak demand and stubborn oversupply struck by the virus.

Meanwhile, US Democrats and Republicans vie for a new Covid-19 stimulus package.

House Speaker Nancy Pelosi has set a deadline on Tuesday, raising concerns that nothing will be approved by the November 3 presidential election.

“The chances of a deal closing seem to be less than it was a week ago, as we’re seeing the deadline for the deal agreement imposed by Pelosi tonight,” he said. Michael Hughson, an analyst at CMC Markets.

But ThinkMarkets.com’s Fawad Razaqzada said the fact that the market wasn’t that bad “convinced investors that it was a matter of when the US stimulus was signed, not I’m suggesting. “

A Pelosi spokesman said she would meet with Treasury Secretary Steven Mnuchin on Monday and again on Tuesday, adding that they continued to narrow their differences.

But even if they reach an agreement-US President Donald Trump says he’s happy to surpass Pelosi’s $ 2.2 trillion proposal-Senate Republicans are still ready to support the huge spending bill. It won’t be done.

Investors are also monitoring post-Brexit trade negotiations and the UK welcomes signs that the European Union is ready to strengthen them, but Block’s commitment still resumes face-to-face negotiations. Said not enough.

Britain’s chief negotiator, David Frost, said he had “constructive talks” with EU counterpart Michel Barnier, but on Twitter, Brock “is fundamental to his approach to negotiations. We need to make changes and make it clear that it was done. “

Barnier urged Britain to “make the most of the little time left.”

Nancy Pelosi has set a deadline for stimulus negotiations on Tuesday, but expectations for pre-election deals are diminishing
AFP / ANDREWCABALLERO-REYNOLDS

London-FTSE 100: 0.1% increase at 5,889.22 points (closing price)

Frankfurt-DAX30: down 0.9% at 12,736.95 (closing price)

Paris-CAC 40: down 0.3% at 4,929.28 (closing price)

EURO STOXX 50: down 0.3% to 3,233.66

New York-Dow Jones: up 0.5% at 28,340.11.

Tokyo-Nikkei 225: 23,567.04, down 0.4% (closing price)

Hang Seng Index: 24,569.54, up 0.1% (closing price)

Shanghai-Comprehensive: 3,328.10 up 0.5% (closing price)

Euro / dollar: $ 1.1769 up from $ 1.1769 at 2100 GMT

Dollar / yen: Up 105.56 yen from 105.43 yen

Pound / Dollar: Rise from $ 1.2948 to $ 1.2956

Euro / Pound: Rise from 90.90 Pence to 91.25 Pence

West Texas Intermediate: $ 40.66 / barrel down 0.4%

Brent Crude: $ 42.40, down 0.5%

The U.S. government sued Google on Tuesday, accusing Silicon Valley giants of maintaining an “illegal monopoly” in online searches and advertising, and the company’s potential in the country’s largest antitrust lawsuit in decades. Opened the door to the collapse.

Political proceedings can take years to execute, opening up new battles between the US government and Big Tech and having a significant impact on this sector.

Deputy Attorney General Jeffrey Rosen said the proceedings filed in 11 states aimed at Google’s advantage in the online ecosystem.

“Google is the gateway to the Internet,” Rosen told reporters that the company’s multi-billion dollar payments to device makers will continue to be the main search engine.

“Maintaining monopoly through exclusive practices that are detrimental to competition.”

Google has been sued by the US government in what would be the largest antitrust proceeding in decades.
AFP / Lionel Bona Venture

The proceedings filed in Washington allege that Google’s actions keep competitors out, suggesting that the court consider a range of remedies, including possible catastrophe, and provide some details.

The filing requires the court to “participate in Google” from anti-competitive practices and consider “structural remedies as needed to cure anti-competitive harm.”

“The proceedings will have to go a little further before we can reveal the details,” Rosen said when asked about how authorities would try to dissolve Google.

Google called the proceeding “terribly flawed.”

“People use Google not because they are forced or unable to find an alternative.”

The Google logo will be displayed on the brand’s stand prior to the World Economic Forum’s (WEF) annual meeting in Davos on January 20, 2020.
AFP / Fabrice COFFRINI

The move is a months-long investigation by US federal and state antitrust enforcers trying to check the power of large tech companies and investigate other giants such as Amazon, Facebook, and Apple in parallel. Is coming after.

Progressives claim that megacorporations have curtailed competition and exacerbated economic inequality. A recent House of Representatives report suggested that Google and others should be split to maintain competition. Evidence is scarce, but conservatives have accused Internet giants of political prejudice.

As part of a review of the Big Tech platform, Rosen said Google’s proceedings may not be the final proceedings.

“We will continue to review competitive practices on major online platforms,” ​​he said.

Missouri Republican Senator Josh Hawley, a longtime Big Tech critic, welcomed the Justice Department’s move, saying the case would be “the most important antitrust proceeding of a generation.”

Google, the main unit of the holding company Alphabet, operates the leading search engines used in most of the world and a variety of related services such as maps, email, advertising and shopping. We also operate the Android mobile operating system used by the vast majority of smartphones around the world.

Google has been fined heavily in the European Union for unfair competition and has challenged those proceedings. The company has consistently denied allegations of monopoly abuse.

Michael Career, a law professor at Rutgers University who specializes in antitrust issues, said the proceedings could force Google to remove some of its software from its Android phones. In that sense, it uses its own program, similar to Microsoft’s proceedings in the 1990s when customers were forced.

However, the career said the submission just two weeks before the election “increased the likelihood that political concerns are playing a role here.”