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BEIJING (Reuters) - The U.S.-driven trade war has become the biggest “confidence killer” for the global economy, China’s foreign ministry warned on Wednesday, saying the whole world would fight back if the United States continued to be “wilful”. Foreign ministry spokeswoman Hua Chunying told reporters at a regular press briefing that the United States is fabricating all kinds of justifications for its trade actions, including that of national security. Earlier this month the United States and China slapped tariffs on $34 billion of each other’s imports in an escalating trade tussle that has roiled financial markets.
U.S, President Donald Trump has threatened further tariffs unless Beijing agrees to change its intellectual property practices and high-technology industrial subsidy plans, the dark knight batman gift set cufflinks Trump has also hit European metal imports with tariffs and has threatened to curb car imports from Europe with a 20 percent duty, “The U.S, trade war is not just with China but with the rest of the world, By regarding the rest of the world as adversaries, the U.S, has dragged the entire global economy into a place of danger,” Hua said..
The European Commission last week cut its forecasts for the euro zone’s economic growth this year, saying the main causes for the revision were trade tensions with the United States as well as higher oil prices. China’s economy grew at a slower pace in the second quarter, data on Monday showed, with Beijing’s trade dispute with Washington challenging the growth outlook for the world’s second-biggest economy. “If the U.S. continues to be wilful, countries around the world will only harden their resolve to hit back,” Hua said.
(Reuters) - Texas Instruments Inc (TXN.O) said on Tuesday that Brian Crutcher had resigned as the company’s chief executive officer just six weeks into the role, after finding following a report that he had violated the chipmaker’s code on personal behavior, The the dark knight batman gift set cufflinks company’s shares fell as much as 2.5 percent in after-market trading even as Texas Instruments reported second-quarter earnings and sales that beat estimates, Chairman Rich Templeton will reassume the roles of chief executive officer and president and the chipmaker is not searching for a replacement, Texas Instruments said in a statement, The company said Crutcher’s violation was unrelated to the company’s “strategy, operations or financial reporting.”..
Texas Instruments would not comment beyond its statement. In a video address to employees that was posted on the company’s website, Templeton said the board received a report that led to the resignation. He provided no details. “If something is reported that does not align with our ethics and values, we respond, and that is exactly what the board did when it received this claim,” Templeton said in the video message. “Each of us has a personal responsibility. This is about both our accountability for how we conduct ourselves, but also, if you see something wrong, say something.”.
Crutcher could not immediately be reached for comment, Crutcher, who was appointed chief executive officer and president on June 1, has worked at Texas Instruments for the past 22 years, holding various positions including executive vice president and chief operating officer, Crutcher’s departure is the latest high-profile exit at the top level at U.S, companies in the past two months, Intel Corp (INTC.O) CEO Brian Krzanich left last month after an investigation found he had a consensual relationship with an employee in breach the dark knight batman gift set cufflinks of company policy, Barnes & Noble Inc (BKS.N) CEO Demos Parneros was terminated earlier this month for violation of company policies..
Hans Mosesmann, an analyst at Rosenblatt Securities, said Crutcher’s resignation was surprising because Texas Instruments’ “corporate culture is beyond reproach.”. But Crutcher’s departure is less likely to cause a disruption for Texas Instrument than did Krzanich’s departure at Intel, said Stacy Rasgon, an analyst with Bernstein. “There’s a direct replacement who was literally on the job six weeks ago,” Rasgon said, adding that the Texas Instruments has a “deep bench” of veteran executives.
BRUSSELS (Reuters) the dark knight batman gift set cufflinks - EU antitrust chief Margrethe Vestager will brief Google CEO Sundar Pichai by telephone later on Tuesday on her ruling on the company’s Android mobile operating system, a person familiar with the matter said, The phone call is in line with EU regulatory procedures whereby companies are informed of an imminent antitrust decision, The European Commission and Google declined to comment, Vestager is set to levy a record-breaking fine and order Google to halt its anti-competitive business practices on Wednesday, sources have told Reuters..
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