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Huawei Files Lawsuit Against US Over Seized Equipment
The Chinese company is in the middle of a trade war between Washington and Beijing. The US claims Huawei equipment can be exploited for spying, while the company denies the allegations.
Chinese tech company Huawei filed a lawsuit against the US Commerce Department on Friday over seized Chinese telecom equipment that was due to be returned to China, according to Reuters.
According to the court filing,...
Congress Struggles to Save Internet While Google Facebook Twitter Urge UN Control
President Obama wants this to be the last month of an open, uncensored internet guaranteed by the U.S. government. His plan to end American stewardship would hand new power to authoritarian governments offended by the internet as we know it.
The good news is it appears congressional leaders have agreed to rescue the internet in time to prevent the Sept. 30 expiration of U.S. oversight. Sen. Ted Cruz...
US economy shrinks 2.9% in first quarter of 2014
The US economy shrank at a much faster pace in the first quarter of 2014 than previously estimated, marking its worst performances since 2009.
The Commerce Department said on Wednesday gross domestic product fell at a 2.9 percent annual rate, instead of the 1.0 percent rate it had reported last month.
Most economists had expected the revision to show the economy shrinking at a rate of only 1.7 percent....
China overtakes US as world's largest trading country
China has passed the US as the world’s biggest trading nation as measured by the sum of exports and imports in 2012. It’s a position the US has held for over six decades.
US exports and imports of goods last year amounted to $3.82 trillion, the US Commerce Department said last week. China’s trade in goods was $3.87 trillion, according to the country’s customs administration report in January.
While...