Huawei plans to shift research center from US to Canada, founder Ren Zhengfei says - CNBC

The Huawei logo is seen on the side of the main building at the company's production campus on April 25, 2019 in Dongguan, near Shenzhen, China.

Kevin Frayer | Getty Images News | Getty Images

Huawei Technologies plans to shift its research center to Canada from the United States, Ren Zhengfei, the founder of the Chinese telecoms equipment maker, said in an interview with Canada's Globe and Mail.

Ren's remarks came as Reuters reported on Friday that the U.S. is weighing expanding its power to stop more foreign shipments of products with U.S. technology to Huawei. The U.S. Commerce Department in May placed Huawei on a trade blacklist, citing national security concerns.

Huawei's "center for research and development will be moved out of the U.S. And that will be relocated to Canada," Ren told the Globe and Mail, adding that the company will also manufacture some mobile network equipment outside China.

The Huawei founder wants to build new factory capacity in Europe to make fifth-generation (5G) networking equipment there, hoping to assuage fears stemming from U.S. allegations that its product could be used by China for spying, the Globe and Mail reported.

Huawei was not immediately available to comment on Ren's interview when contacted by Reuters. The firm has previously denied it is a risk to U.S. national security.

The company spent $510 million on the operations of its U.S. research arm last year, according to the Globe and Mail report, which added that it has now trimmed the arm's work force by 600 to about 250.

Separately, Ren's daughter and Huawei Chief Financial Officer Meng Wanzhou, who was arrested by Canadian police on a U.S. warrant late last year, is fighting extradition to the U.S. on charges of violating sanctions against Iran. She is currently out on bail.

Huawei has denied the charges and China has urged Canada to release her.

Commenting on her case, Ren said that it is an example of "obvious political interference from the U.S."

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2019-12-03 06:06:00Z
CAIiEEy0K76zFSQkSCBl0IHT4QsqGQgEKhAIACoHCAow2Nb3CjDivdcCMP3ungY

Cyber Monday sets record with $9.2B in online sales - Fox Business

Boxed CEO Chieh Huang discusses online retail as shopping season kicks off, delivery services given poor weather conditions, the future of online retail, and his company remaining private.

Shoppers let their fingers fly across the keyboard to set a record for Cyber Monday sales.

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Preliminary data from Adobe projected sales of $9.2 billion by the end of Monday and remains the largest online shopping day in the U.S, growing 16.9 percent year-over-year as of 7:00 p.m. ET.

Women wearing red sweater shopping online and using credit card at home office

There is more to come as shoppers hit the “golden hours of retail”, which are the 4 hours between 10:00 p.m. and 2:00 a.m. ET, will drive 30 percent of all Cyber Monday revenue at $2.8 billion, as shoppers hit buy before deals run out.

During the peak hour of 11:00 p.m. ET- 12 a.m. ET, consumers will be spending $11 million on average every minute.

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Smartphones were the device of choice hitting a new record, accounting for 33 percent of Cyber Monday sales at $3.0 billion, which represents 46 percent growth year-over-year.

“Retailers unlocked sales earlier to combat a shorter shopping season, while continuing to drive up promotion of the big branded days including Black Friday and Cyber Monday," said John Copeland, head of Marketing and Consumer Insights at Adobe. "Consumers capitalized on deals and ramped up spending, especially on smartphones, where activity increased on days when shoppers were snowed or rained in.”

Top sellers on Cyber Monday include Frozen 2 Toys, L.O.L Surprise Dolls, NERF products, Madden 20, Nintendo Switch, Jedi Fallen Order, Samsung TVs, Fire TV, Airpods and Air Fryers.

Other highlights include:

Cyber Monday had the best deals for televisions with average savings above 19 percent.

Shoppers that participated most in Black Friday online sales came from New Jersey, Connecticut, and Oklahoma.  Due to unusually high rainfall and snow, some consumers have opted to stay indoors and finish their shopping online.

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The holiday shopping season, from Nov. 1 through Dec. 1,  has generated $72.1 billion online to date, at 16.3 percent growth year-over-year, topping Adobe’s forecast of 14.1 percent.

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2019-12-03 04:33:10Z
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Trump to restore tariffs on steel from Brazil and Argentina - BBC News

US President Donald Trump has said he will restore tariffs on steel and aluminium imports from Brazil and Argentina.

He justified the move saying those countries' weak currencies had made it harder for US food exports to compete.

"Brazil and Argentina have been presiding over a massive devaluation of their currencies, which is not good for our farmers," Mr Trump said.

Brazil's President Jair Bolsonaro said he would seek talks with Mr Trump.

"Their economy is not comparable with ours, it's many times bigger. I don't see this as retaliation," Mr Bolsonaro said in a radio interview with Brazil's Radio Itatiaia.

"I'm going to call him so that he doesn't penalise us. Our economy basically comes from commodities, it's what we've got," he said.

Key sector

Argentine production minister Dante Sica said he would also request a conversation with his US counterparts.

Despite Mr Trump's claims, both countries have taken steps over the past two years to try to bolster their currencies, which have dropped sharply amid domestic political turmoil and economic woes.

The plan to restore the tariffs, which Mr Trump announced on Twitter, came as a surprise.

While Mr Trump last year imposed 25% tariffs on foreign steel and aluminium, citing national security grounds, he later granted some exceptions after outcry abroad and in the US, where many manufacturers rely on foreign metal imports.

• Farm troubles raise risk for Trump in trade talks

Argentina and Brazil, which agreed to limits on their metals exports, were among the countries to receive waivers.

The US is Brazil's biggest customer for steel and Brazil is the world's 10th biggest exporter of steel, according to the US Department of Commerce.

Steel accounts for 3.7% of the total goods Brazil exported in 2018.

For Mr Trump, farmers in rural states are an important block of voters, and they have had a difficult time in the past year.

Mr Trump's metals tariffs have sparked global retaliation, leading countries around the world to impose counter-tariffs on US goods, including farm exports.

The US also remains locked in a trade dispute with China over policies related to technology and government subsidies, prompting China to levy additional taxes on US farm exports, including soyabeans, cotton and dairy.

Across the country, farm bankruptcies surged 24% in the 12 months to October 2018, according to analysis by the American Farm Bureau Federation.

Meanwhile, Chinese buyers have looked to Brazil and Argentina as an alternative.

Analysis:

By Daniel Gallas, BBC South America business correspondent

Mr Trump accused Argentina and Brazil of "presiding over a massive devaluation" - with exports of both countries being now cheaper and more competitive due to the weak currency.

But Argentina and Brazil are not happy with the devaluation and both central banks have been intervening to prop up the sliding currencies.

Brazil's currency, the real, has reached an all-time low, as investors feel uncertain about sluggish economic recovery and the future reforms promised by the government.

In Argentina, investors are on the sidelines waiting for a new direction to the economy, which will be set by president-elect Alberto Fernandez when he takes office next week.

This crisis will be a test for Brazil's President Jair Bolsonaro, often called "Trump of the Tropics", who boasts a close relationship with his US counterpart.

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2019-12-02 17:14:40Z
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Best Buy Cyber Monday deals: Galaxy Note 10, Surface Laptop 3, Amazon Echo Dot, and more - The Verge

Best Buy is offering a long list of deals for Cyber Monday 2019 both online and in stores. You can save on products in every category, from laptops to smart home devices. And remember that Best Buy offers in-store pickup, which should at least help you avoid waiting in the main cashier line if you want to do some of your Cyber Monday shopping in person. Curbside pickup is also available for some products.

These deals are competitive with what you’ll find from Amazon, Target, and other retailers. So if you’ve got any Best Buy gift cards sitting around, Cyber Monday is a prime opportunity to finally put them to use.

Smartphones

• Samsung’s unlocked Galaxy Note 10 Plus is $400 off for a total price of just $699.99 if you’re willing to activate it on a carrier at purchase time. Otherwise, it’s $200 off for $899.99.

TVs

Laptops

Smart home

Gaming

Headphones and earbuds

Speakers

• The Sonos Playbase, Playbar, and Sub are all discounted by $140 and can each be had for $559.99. The Sonos Beam (with built-in Alexa and Google Assistant support) is $80 off and costs $319.99 for Cyber Monday.

Appliances

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2019-12-02 14:43:09Z
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Best Cyber Monday deals: Fitbit Versa 2, Sonos One, Nintendo Switch, and more - The Verge

Cyber Monday is Black Friday’s encore set, back with even more deals. Some are new, others are crowd favorites from a few days ago, all of them are worth checking out because they’ll soon be gone. And once they are, you’ll probably have to wait a while for prices to get this low again.

Below, you’ll find all of the best Cyber Monday deals on a range of products, including laptops, headphones, gaming tech, PC components, phones, smart speakers, and more. We’ll be keeping this list up-to-date, organized by category, and within each category, the newest deals that we find will be listed first.

Thanks for reading, and good luck on getting that deal.

Updated at 7:53AM ET, December 2nd: Added an Amazon link for the Fitbit Versa 2, which dropped to $129. The Google Nest Wifi two-pack also dropped in price at Amazon, down to $259 from $299.

Gaming

• $100 gift cards for the PlayStation Store, Xbox Store, and Nintendo eShop are 20 percent off, totaling $80 at Amazon.
• Star Wars Jedi: Fallen Order Deluxe Edition for PS4 and Xbox One is $49 (usually $69) at Walmart
• Nintendo Switch Lite is $199.99 (no change in price) but includes a $25 gift card with the offer code UUDDLRLRBA used at Amazon
• Nintendo Switch (new version with improved battery life) console with a 128GB microSD card included is $299.99 (around $25 in savings) at Amazon
• Nintendo Switch (new version with improved battery life) console includes Starlink and Mario + Rabbids with purchase at Best Buy for $299.99
• Some Nintendo Switch games are buy one, get one for 50 percent off at Target
• 8Bitdo Sn30 Pro wireless controller is $39.99 (usually $49.99, compatible with Switch) at Amazon
• Sony’s PS4 Pro console is now $100 off at a variety of retailers, making it $299.99. This deal is happening at Target, Best Buy, Walmart, and GameStop (this retailer offers a $25 gift card with purchase).
• At GameStop, Sony’s PS4 Slim console is $199.99 ($100 off its usual price), and comes bundled with God of War, Horizon Zero Dawn Complete Edition, and The Last of Us Remastered. This deal is sold out at almost every other retailer.
• The Xbox One X console comes bundled with Star Wars Jedi: Fallen Order for $349 at Best Buy, Walmart, Microsoft Store.
• Xbox One S All-Digital (disc-less) consoles are $149.99 ($100 off) at Amazon, Walmart, Target, Best Buy, GameStop, and the Microsoft Store
• DualShock 4 controllers (for PS4, and supported officially by Android 10 and iOS 13 devices) are $38.99 at Walmart, and GameStop. Best Buy and Target have them for $39.99.
• The Genki USB-C adapter that allows for easy connectivity with your Bluetooth headphones is $39.99 starting on Black Friday and through Cyber Monday (usually $49.99).
• Samsung’s 512GB microSD card is $64.99 (usually $89.99)
• Oculus Rift S tethered VR headset is $349.99 (usually $399.99)

TVs / Home entertainment

• Save an extra 15 percent on select TVs at Target when you order with same-day pickup
• The Sonos One (Gen 2) smart speaker with Alexa voice support is $149 ($50 off) through Sonos, and at Amazon, B&H Photo and Best Buy.
• The microphone-free Sonos One SL is $129. It’s available through Sonos, B&H Photo, Amazon, and Best Buy.
• Toshiba 50-inch Fire TV Edition 4K HDR TV with Dolby Vision is $269.99 (usually $380.99) at Amazon
• 65-inch Samsung Q70 series QLED 4K HDR is $1,199.99 at Best Buy (usually $1,399)
• 55-inch Samsung Q70 series QLED 4K HDR TV is $997.99 at Walmart, $999.99 at Best Buy (normally $1,499)
• LG’s 55-inch B9 OLED is $1,196 at Amazon and B&H Photo, $1,199 at Best Buy (normally $1,399)
• LG’s 65-inch C9 OLED is $1,699 on eBay
• TCL’s 65-inch 6 Series 4K HDR TV: $699 at Best Buy
• Sony 65-inch OLED A8G series 4K HDR TV is $1,998 at Best Buy
• Roku Ultra 4K HDR streaming device is $49.99 (usually $99.99), $59.99 at Best Buy if Target’s stock runs through
• Fire TV Stick with 4K with Alexa Voice Remote is $24.99 (usually $49.99)

Headphones

• Save 50 percent on Master & Dynamic’s MW60, MW50, MH30, or MW07 headphones with the offer code CM2019 used at checkout
• Bose QuietComfort II noise-canceling headphones are $279 ($70 off) at Best Buy and Amazon
• Beats Studio 3 noise-canceling headphones are $199.99 (usually $349.99) at Best Buy
• Jabra Elite 85h wireless noise-canceling headphones are $199.99 (usually $299, beats the Black Friday price by $50) at Amazon
• Sony’s WH-1000XM3 are $278 (usually $349.99) at Amazon, Best Buy, and Target
• For the second-generation AirPods with a standard (plug-in) charging case, Best Buy has them for $139.99 ($20 off), as does B&H Photo at this price. Amazon, too, offers them at $139.99, (though the current shipping window is one to three weeks). They’re $144.99 ($15 off) at Walmart and at Target.
• The second-generation AirPods that include a wireless charger-ready case are the most affordable at B&H Photo for $159.99 ($40 off). They’re in stock for $164.99 at Best Buy and at Walmart. If you hit dead ends elsewhere, they’re $169.99 at Target.
• The Jabra Elite 65t truly wireless earbuds are $99 ($30 off) at Amazon and Best Buy.
• Beats Powerbeats Pro truly wireless headphones are $199.99 at Amazon ($50 off)

Smart home

• Google Nest Wifi router two-pack is $259 (usually $299) at Amazon
• Ring Video Doorbell 2 + Echo Show 5 bundle is $139, which is a mere $10 more than the doorbell costs by itself
• Echo (third-gen) is $59.99 (usually $99.99, includes the (RED) edition)
• Echo Show 5 with a Wyze Camera costs $59.99 (usually $99.99)
• Echo Show 8 is $79.99 (usually $129.99)
• Eero mesh Wi-Fi system, which includes three Eero routers is $159 (usually $249)
• Blink XT2 three-camera kit is $184.99 (usually $249.99)
• Ring Alarm five-piece kit is $139 and includes a free Echo Dot (usually $199)
• Nest Wifi routers are $149 ($20 off) at the Google Store, Walmart, Target and Amazon
• Nest Wifi two-pack of routers are $299 ($40 off) at Amazon
• Nest Wifi router and point bundle are $229 ($40 off) at the Google Store, Target
• Nest Wifi router and two points bundled with Stadia Premiere Edition is $398 ($80 off) at the Google Store (add both to your cart to see the discount reflected at checkout)
• Google Nest Mini smart speaker pictured at the top of this post is $29 ($20 off) at the Google Store, Best Buy, Target, Walmart and B&H Photo
• The Google Nest Hub is $79 on the Google Store, Walmart, Target and Best Buy. That’s $50 off its original retail price, but it usually costs around $99. My Best Buy members (it’s free to join) can get a two-pack of them for $139.99 (available online only).
• The Nest Hub Max is $199 ($30 off) at the Google Store, Target, Walmart, Best Buy and B&H Photo
• Nest Hello Doorbell is $149 ($80 off) at the Google Store, Best Buy, Target, Walmart, and B&H Photo
• Nest Learning Thermostat is $179 ($70 off) at the Google Store and Walmart
• Apple’s HomePod smart speaker is usually $299, but you can find it for $199 at Best Buy

Tablets

• The latest iPad (Wi-Fi, 32GB) is the cheapest right now at Target and Amazon (space grey and gold), where it’s just $229.99 ($100 off). Walmart has gold and space grey available for $249 at Walmart. Every color is available at $249 if you want to shop at Best Buy.
• The latest iPad (Wi-Fi 128GB) is $329.99 ($100 off) at Amazon, Best Buy and Target
• The Pixel Slate Chrome OS tablet with an 8th Gen Intel Core m3 CPU starts at $449 ($350 off) and includes a Pixel Slate Keyboard and Pixelbook Pen stylus for free with purchase at the Google Store and B&H Photo.
• The next step up in price and power for the Pixel Slate is the $649 version with an 8th Gen Intel Core i5 processor, and is available with the same bundled items at the Google Store, Best Buy, Amazon, and B&H Photo.
• Fire HD 8 is $49.99 (usually $79.99)
• Fire HD 10 Tablet is $99.99 (usually $149.99)
• Kindle Paperwhite is $84.99 (usually $129.99)

PCs, components and laptops

• BenQ’s 27-inch 1440p HDR monitor with 144Hz refresh rate and USB-C connectivity is $399.99 (usually $549)
• Oculus Rift S tethered VR headset is $349.99 (usually $399.99)
• Intel 660p 1TB M.2 2280 PCIe NVMe SSD for $82.99 at Newegg (normally $124.99)
• Corsair Vengeance LPX 16GB (2 x 8GB) DDR4 3200 desktop memory for $59.99 at Newegg (normally $76.99)
• Corsair Vengeance RGB Pro 16GB (2 x 8GB) DDR4 3000 desktop memory for $69.99 at Newegg (normally $87.99)
• Intel Core i5-9600K Coffee Lake 6-Core 3.7 GHz Processor for $199.99 at Newegg (normally $279.99)
• ASRock Radeon RX 5700 XT Challenger for $349.99 at Newegg (normally $409.99, with $20 mail-in rebate), comes with three months of Xbox Game Pass for PC and a free copy of Borderlands 3 or Ghost Recon: Breakpoint
• Microsoft Surface Pro 7 (Intel Core i3, 4GB RAM, 128GB storage) bundled with a black Type Cover is $599 (usually $959) at Best Buy and the Microsoft Store
• MacBook Air (2019 model, Intel Core i5 dual-core CPU, 8GB of RAM, 128GB of storage) is $899 ($200 off) at Best Buy
• The 2019 13-inch MacBook Pro is $200 off at Best Buy, starting at $1,099. The step-up configuration with 256GB (verus 128GB by default) is just $1,199.

Phones, smartwatches and accessories

• Fitbit’s new Versa 2 smartwatch is $129 ($70 off) at Walmart and Amazon. This is the biggest discount that we’ve seen yet, beating the price we saw during Black Friday by $20
• Samsung Wireless Charger Duo is $39.99 (usually around $59)
• LG G8 ThinQ is $399.99 (usually $849.99) at Amazon
• Google’s Pixel 4 phone with 64GB of storage is $599 (usually $799; each storage configuration is $200 off) at Amazon (limited colors available), Best Buy, Google Store and B&H Photo
• The Pixel 4 XL with 64GB of storage is $699 (usually $899; each storage config is $200 off) at Amazon, Best Buy, Google Store and B&H Photo
• The Pixel 3A with 64GB of storage is $299.99 (usually $399) at Best Buy, Google Store and B&H Photo
• The Pixel 3A XL with 64GB of storage is $379.99 at Amazon (available in black or white), Best Buy, Google Store and B&H Photo
• The Samsung Galaxy Note 10 starts at $749.99 at Samsung, B&H Photo, Microsoft Store, and Amazon. (It’s normally priced at $949.99.)
• If you want a bigger phone, the Galaxy Note 10 Plus is also discounted $200 (includes Galaxy Buds), down to $899.99 at Samsung, B&H Photo, Microsoft Store, and Amazon.
• The Galaxy S10 starts at $699.99 ($200 off, includes free Galaxy Buds) at Amazon, B&H Photo, and Samsung.
• The Galaxy S10 Plus starts at $799.99 ($200 off, includes free Galaxy Buds) at B&H Photo, Amazon, and Samsung.
• The smaller Galaxy S10E is $549.99 ($200 off, but doesn’t include free Galaxy Buds) at Amazon and Best Buy.
• RavPower’s wireless charger and a QC3.0 power adapter are just $16.99 (usually $26.99) at Amazon
• Samsung’s 512GB microSD card is $64.99 (usually $89.99)
• Apple Watch Series 5 (GPS, 40mm) is $354.99 (Amazon and Costco), which is almost $50 off the price that Apple sells it for.
• Apple Watch Series 5 (GPS, 44mm) is $384.99 (Amazon and Costco), which is also around $50 cheaper than usual.

Miscellaneous

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2019-12-02 12:00:00Z
CAIiECEE3XB_S2xSe8mdn5dcdl4qFwgEKg4IACoGCAow3O8nMMqOBjCkztQD

Trump Says U.S. Will Reinstate Metal Tariffs on Brazil and Argentina - The New York Times

President Trump said on Monday that he would reinstate tariffs on steel and aluminum from Brazil and Argentina, accusing the two countries of artificially weakening their currencies and hurting American farmers.

Mr. Trump, in a message on Twitter, said the currency manipulation by Brazil and Argentina was hurting American farmers. “There, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries.”

Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers. Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries. The Federal....

— Donald J. Trump (@realDonaldTrump) December 2, 2019

The Trump administration initially exempted Brazil and Argentina from the president’s sweeping metal tariffs in 2018, after the United States said it had reached trade deals with those countries.

It is unclear exactly what prompted Mr. Trump’s message. But last week the Brazilian currency, the real, fell to a record low against the dollar after the country’s economic minister signaled that he was not concerned about exchange-rate fluctuations.

Argentina’s peso has weakened as the country has been in the midst of an economic crisis.

But both Argentina and Brazil have benefited from the president’s trade war with China, which has hurt American exports of soybeans and other products.

Brazil and Argentina have picked up much of that business, replacing the United States as a large purveyor of farm goods to China.

This is a developing story. Check back for updates.

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2019-12-02 11:32:00Z
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Trump to restore tariffs on steel, aluminum from Brazil, Argentina - Fox Business

FJM Ferro founder and CEO Joe Casucci discusses the declining earnings among steel manufacturers.

President Trump said Monday he would restore tariffs on all steel and aluminum shipped to the U.S. from Brazil and Argentina.

Continue Reading Below

"Brazil and Argentina have been presiding over a massive devaluation of their currencies. which is not good for our farmers," Trump wrote on Twitter. "Therefore, effective immediately, I will restore the Tariffs on all Steel & Aluminum that is shipped into the U.S. from those countries."

Trump imposed 25 percent tariffs on imported steel and 10 percent levies on aluminum imports in March 2018, citing national security concerns, though Brazil and Argentina were granted exemptions.

The president also called for the Federal Reserve to lower interest rates to weaken the U.S. dollar, hoping to limit other countries from taking advantage of a lower greenback.

FED'S BEIGE BOOK REPORTS MODEST ECONOMIC GROWTH IN THE FALL

"The Federal Reserve should likewise act so that countries, of which there are many, no longer take advantage of our strong dollar by further devaluing their currencies," he tweeted. "This makes it very hard for our manufactures & farmers to fairly export their goods. Lower Rates & Loosen - Fed!"

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2019-12-02 11:10:54Z
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