International News
Italian coalition set to collapse as Salvini's rivals respond to attempted power grab
The coalition agreement holding the Italian government together was set to collapse after League party leader and Italian Deputy Premier Matteo Salvini's partners reacted to his push for power.
US open: Stocks go green as Washington grants Huawei a temporary reprieve
Wall Street stocks opened higher on Monday after news broke over the weekend that the Commerce Department would grant Chinese telco giant Huawei a further 90-day reprieve from a prohibition on US companies to trade with it, although in remarks made at the weekend, the US President had appeared to call that possibility into question.
Google shuts down Android data programme over privacy fears
Google has shut down a service for wireless carriers globally that helps them detect weak spots in their network coverage amid concerns over Android users’ data privacy, reported Reuters on Monday.
JP Morgan sticks to call for an August 'correction' in stocks
After a "tactical correction" in August, stocks should resume their uptrend although a peak for the current bull market in stocks in summer 2020 is possible, said strategists at JP Morgan.
German economy may dip into recession in Q3, Bundesbank says
The Eurozone's largest economy may be set to fall into a recession, according to Germany' central bank.
US Commerce Department set to renew temporary Huawei license, Ross says
The US Department of Commerce will extend its temporary general licence for Chinese telecommunications equipment giant, Huawei, for another 90 days.
Trump backs US tech giants in protest against French tax
Trump has offered his support to America's largest technology companies in their fight against France's proposed new tax on them.
Trump rejects doing business with Huawei over national security concerns
Donald Trump told reporters on Sunday that he may not want to do business with Huawei "at all” over concerns that it poses a national security threat.
US pre-open: Futures point to positive open as Washington grants Huawei temporary reprieve
Wall Street futures had stocks opening higher on Monday after news broke over the weekend the Commerce Department would grant Chinese telco giant Huawei a further 90-day reprieve, although in remarks made at the weekend, the US President appeared to call that possibility into question.
Asia report: Markets move higher on prospect of stimulus measures
Markets in Asia finished higher on Monday, with China stocks rising in particular, as investors watched US Treasury yields rise after they plummeted last week.
Eurozone inflation lower than expected in July
Eurozone inflation was lower than expected in July, according to data released by Eurostat on Monday.
Iranian oil tanker leaves Gibraltar under new name
The Iranian oil tanker detained in Gibraltar left territorial waters on Sunday apparently heading for Greece and having changed its name, according to ship tracking data.