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Wall Street set to open higher on Huawei reprieve

U.S. stock indexes were set to rise at the open on Tuesday, as concerns over a further escalation in the U.S.-China trade war eased after the United States temporarily relaxed curbs on China’s Huawei Technologies.

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British Steel risks collapse with 25,000 jobs under threat

British Steel, the country’s second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan by later on Tuesday, two sources close to the situation said.

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Airbus sticks to delivery goals as industrial problems ease

Airbus is sticking to its 2019 delivery goals as it makes progress in resolving industrial problems at its Hamburg single-aisle jet plant, the planemaker’s recently appointed operations chief said on Tuesday.

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UK minister says he talked about Port Talbot with Tata Steel

A British government minister said on Tuesday that talks he held with Tata Steel this week were about issues relating to the firm’s site in Port Talbot in Wales.

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Iran’s reach puts U.S. forces, allies in striking range

Threats of conflict between the United States and Iran have highlighted the places and ways their forces, proxies or allies could clash.

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Futures bounce as U.S. eases restrictions on Huawei

U.S. stock index futures rose on Tuesday after the United States temporarily eased restrictions on China’s Huawei Technologies, allaying investor concerns over a further escalation in a bitter trade war between the two countries.

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Home Depot same-store sales misses on wet weather, lumber prices

Home Depot Inc reported its slowest growth in quarterly same-store sales in at least three years on Tuesday, missing Wall Street estimates, as the home improvement chain was hurt by wet weather in February and a steep fall in lumber prices.

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U.S. eases curbs on Huawei; founder says clampdown underestimates Chinese firm

The United States has temporarily eased trade restrictions on China’s Huawei to minimize disruption for its customers, a move the founder of the world’s largest telecoms equipment maker said meant little because it was already prepared for U.S. action.

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Merck to buy cancer drug developer Peloton for $1.05 billion in cash

Merck & Co Inc said on Tuesday it would buy Peloton Therapeutics Inc for $1.05 billion in cash to gain access to the privately held company’s renal cancer drug candidate.

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Huawei accuses U.S. of bullying, says working with Google to counter ban

Chinese telecoms equipment maker Huawei called itself the victim of U.S. “bullying” on Tuesday and said it was working with Google to counter trade restrictions imposed by Washington last week, a senior Huawei executive said.

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France to push ahead with 5G launch in 2020 despite Huawei woes

France will launch the deployment of its 5G network as planned in 2020 despite current difficulties faced by China’s Huawei which could push some telecoms operators to modify their source of supply, the telecoms regulator said Tuesday.

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Huawei says it is a victim of U.S. bullying

Chinese telecoms equipment maker Huawei on Tuesday said it was a victim of bullying by the U.S. administration.

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Fingerprints and finances: next Wells Fargo CEO will be under regulatory microscope

From submitting their fingerprints to giving up their tax records, Wells Fargo & Co’s next chief executive will go through a vetting process that could rival that of top U.S. government officials.

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Huawei senior executive working with Google to counter U.S. ban

Chinese telecoms equipment maker Huawei is working closely with Google to resolve restrictions imposed by the United States last week, a senior Huawei executive said on Tuesday.

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British Steel risks collapse with 25,000 jobs threatened

British Steel, the country’s second largest steel producer, is on the brink of collapse unless the government agrees to provide an emergency 30 million pound ($38 million) loan by later on Tuesday, two sources close to the situation said.

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Rouhani rejects talks, says Iran faces U.S. “economic war”

Iranian President Hassan Rouhani rejected any talks with the United States and called on Tuesday for the government to be given more power to run the sanctions-hit economy in an “economic war”.

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Airbus pledges boxers’ counter-punch to new Boeing mid-jet

Airbus held out the prospect of a clash over prices to counter any decision by Boeing to launch a new aircraft in the middle of the jet market, by promising a “left hook, right hook” counter-punch with two of its existing models.

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Home Depot same-store sales misses on cold weather, weak lumber prices

Home Depot Inc reported its slowest growth in quarterly same-store sales in at least three years on Tuesday and missed Wall Street estimates, as the home improvement chain was hurt by poor weather in February and a steep fall in lumber prices.

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Tesla stock worth just $10 in worst case: Morgan Stanley

Further falls in Tesla Inc’s share price increase its chances of being sold in the years ahead, Morgan Stanley analysts said on Tuesday, as they slashed their worse-case scenario for the electric car producer to just $10.

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Global stocks gain as U.S. eases Huawei restrictions

Stocks markets gained on Tuesday, with chipmakers and stocks exposed to Asia among the best performers, after Washington temporarily eased trade restrictions imposed last week on China’s Huawei.

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Former Formula One champion Lauda dead at 70

Three-times Formula One world champion Niki Lauda, regarded as one of the finest racers of all time and who later became a successful airline entrepreneur, has died at 70 after battling declining health.

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China rebuffs Trump claim U.S. tariffs are making firms leave

Foreign investors remained enthusiastic about China, the foreign ministry said on Tuesday, following U.S. President Donald Trump’s claim that his tariffs are causing companies to move production away from the world’s second largest economy.

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Don’t play that song for me: anthem plan highlights German divisions

Thirty years after the fall of the Berlin Wall, Bodo Ramelow, premier of the eastern state of Thuringia, thinks it might be time for a new national anthem for a reunited Germany.

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Hundreds of foreign companies attend North Korea trade fair despite sanctions

An international trade fair in North Korea this week may be the largest such event on record, analysts said on Tuesday, with hundreds of Chinese and other foreign vendors taking part despite sanctions pressure.

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UK Labour Party says government must intervene to save British Steel

Britain’s opposition Labour Party said on Tuesday the government must intervene to save British Steel, the country’s second largest steel producer, from administration.