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US says Huawei still ‘blacklisted’

Bloomberg The US said it would grant licenses allowing companies to export goods to Huawei Technologies Co but won’t remove the Chinese technology giant from an export blacklist, as talks between the world’s two biggest economies resumed. The Department of Commerce will “issue licenses where there is no threat to US national security,” though Huawei will continue to face export ...

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EU cuts growth forecasts for next year over trade tensions

Bloomberg The European Commission cut its euro-area growth and inflation forecast for next year as trade tensions and policy uncertainty weigh on the region, strengthening Mario Draghi’s case for further stimulus measures. The latest warning comes just two weeks before the European Central Bank (ECB’s next policy meeting, where it may lower interest rates or signal that action is imminent. ...

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Hyundai Motor set to make foray into US pickup market

Bloomberg Hyundai Motor Co expects to enter the US pickup market soon with what’s likely to be an American-made vehicle aimed at luring buyers who aren’t traditional truck owners, an executive said. “It’ll be a very versatile vehicle,” Michael O’Brien, vice president of product, corporate and digital planning for Hyundai’s US unit, said in an interview. “That has the promise ...

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