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US Shoot Down Iranian Drone in Hormuz Strait: Trump

We have no information on the loss of a drone today: Zarif WASHINGTON – A US Navy ship shot down an Iranian drone in the Strait of Hormuz after its operators ignored the warnings, US President Donald Trump said in a tweet on Thursday. This is Washington’s first military action …

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Turkey Launches Air Attack on Iraqi Kurdistan


ANKARA – Turkey on Thursday launched an airstrike against Iraqi Kurdistan in response to the assassination of a Turkish diplomat in the region, AFP quoted the Minister of National Defense on Friday. The Turkish Vice-Consul in the Kurdish Autonomous Region of Iraq was shot dead Wednesday in Irbil, the local …

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China Set to Beat North America in 5G Investments in 4 Years


BEIJING – China’s ambitions to become the world leader in emerging technology is no longer a secret, and the country has since been positioning itself to achieve that goal, with sizable and strategic investments, Techwire Asia reported Friday. According to one recent forecast, China’s 5G network investments in the next …

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Trump Warns Europe and China Against Currency Manipulation


NEW YORK – The United States has not intervened in foreign exchange markets since 2011, but this could change under the chairmanship of Donald Trump, Bloomberg reported Thursday. The latest accusation of US President Donald Trump of monetary manipulation has led the foreign exchange analysts to prepare the next move …

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China Will Scrap Securities Firm Ownership Limits By 2020: Li


BEIJING – China said it will bring forward plans to remove foreign ownership limits on financial companies, as it speeds up efforts to open the $44 trillion industry to overseas competitors, Bloomberg reported Tuesday. Full foreign ownership of securities firms, futures businesses and life insurance companies will be allowed by …

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