Trump says Heather Nauert will replace Haley as UN ambassador

WASHINGTON (Dec 7): U.S. President Donald Trump said he will nominate State Department spokeswoman Heather Nauert to be his next United Nations ambassador, replacing Nikki Haley after she resigns at the end of this year. Speaking to reporters at the White House on...

Huawei is said to plan US$2 bil cybersecurity reboot

LONDON (Dec 7): Huawei Technologies Co plans to overhaul its global software systems in response to growing fears in Europe that the Chinese company’s wireless equipment is vulnerable to snooping and hacking, according to people familiar with the matter. Language...

Oil rises as much as 5.8% as OPEC+ is said to agree cuts

LONDON (Dec 7): Oil surged by as much as 5.8% in London as OPEC was said to agree on a larger-than-expected deal with its allies to reduce output. The producer alliance will collectively curb production by 1.2 million barrels a day, delegates from the Organization of...

Crypto crash accelerates as bitcoin drops to fresh low for year

HONG KONG (Dec 7): Cryptocurrencies continued their slide with a fresh bout of losses Friday after the SEC dashed hopes that a Bitcoin exchange-traded fund would appear before the end of this year. Bitcoin, the largest digital token, slumped as much as 8.2%, taking it...