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Merkel says more security needed on Chinese firms

German Chancellor Angela Merkel called on Tuesday for safeguards to ensure Chinese firms do not hand over private data to Beijing amid mounting security concerns over equipment made by telecoms giant Huawei. Speaking at Keio University in Tokyo, Merkel said there was a "big debate" in...

Powerful earthquake hits Indonesia

A 6.1-magnitude earthquake hit Indonesia's North Sumatra province early Tuesday, the country's meteorology and geophysics agency said. The quake struck at 2.29 a.m. local time (1929GMT) with the epicenter located 130 kilometers (80.8 miles) southeast of South Nias at a depth of 11...

Turkey condemns terror attack in Somalia

Turkey on Tuesday strongly condemned a car bomb attack that targeted a busy shopping mall in Somalia’s capital Mogadishu. In a statement, the Foreign Ministry said: “We strongly condemn this heinous attack.” The ministry added: “We wish Allah’s mercy upon those who lost their lives,...

US sanctions on Venezuela to hurt world oil market

U.S. sanctions on Venezuelan oil company PDVSA will affect the global market negatively, the oil minister said Monday. In an interview aired by private broadcaster Televen, Manuel Quevedo, also president of the oil company, commented on U.S. sanctions imposed last week on PDVSA and its U.S....

Trump taps new head for Interior Dept.

U.S. President Donald Trump on Monday nominated acting Interior Secretary David Bernhardt, a former fossil fuel lobbyist, to lead the department in charge of administering and conserving federal lands. If confirmed by the Senate, Bernhardt will replace former Secretary Ryan Zinke who...

Slack makes confidential filing to go public

Slack Technologies Inc said on Monday it had confidentially applied with the U.S. Securities and Exchange Commission to list shares publicly, moving business messaging service a step closer to going public in what is expected to be a high-profile year for initial public offerings. Slack...

Tech boost pushes Wall Street to session highs

Wall Street gained on Monday to hit session highs boosted by technology shares ahead of Alphabet’s earnings, the last FAANG stock to post quarterly results.  FAANG earnings have been a mixed bag so far, with Apple Inc and Facebook Inc posting better-than-expected quarterly results last...

New York Times calls for end to war in Afghanistan

The U.S. is currently on a path to put an end to the war in Afghanistan, and it needs to do more to follow through and bring American troops home, according to The New York Times. The Times Editorial Board said in an opinion piece the war, known otherwise as the "forever war", is now up for...