SINGAPORE: Donald Trump has just entered the second year of his presidency, and it is already clear that in the year to come he will present even more of a challenge to the rules-based international trading order than in his first year. This year began with a series of Trump trade bangs. In January, the Trump administration declared tariffs against washing machines and also solar panels – from which Singapore was not excluded. In the past two weeks, the president invoked a little-used national security exception to justify 25 per cent tariffs on steel and 10 per cent on aluminum imports. And just last week, he used his review authority under the Committee on Foreign Investment in the United States (CFIUS) to personally and publicly block Singapore-incorporated Broadcom from buying Qualcomm – again on the grounds of national security. Singaporeans may have reason to ask: “Why is this happening? And what will come next?” UPENDING THE POST-WAR INTERNATIONAL CONSENSUS … [Read more...] about Commentary: On Broadcom and tariffs, Trump takes aim on trade – and Singapore?
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A California clothing company is ripping off Colorado outdoor gear maker Osprey’s branding in violation of a trademark agreement between the two companies, Osprey claimed in a federal lawsuit filed Monday. The company, which is headquartered in Cortez and makes hiking packs and gear, claims the California company, Aether, is selling Aether-branded backpacks despite a 2019 agreement between the two companies that it would not do so. Osprey has used “Aether” to brand its backpacks for more than two decades, the complaint says. “Osprey has invested a substantial amount of time, money and effort to promote and advertise its backpacks under the Aether mark, and as a result, Osprey has built substantial goodwill and customer recognition in its Aether brand,” the complaint reads. Aether is not a registered trademark, the lawsuit says, but is in the process of being approved as such. Aether, which has stores in Aspen, New York City, San Francisco and Los Angeles, did not … [Read more...] about Backpack battle: Colorado’s Osprey sues California retailer over branding
SAN FRANCISCO: Facebook on Tuesday (Oct 30) said it is striving to adapt to users sharing more privately at the leading social network as it continues to pour money into an ongoing battle with "bad actors" out to misuse its service. Silicon Valley-based Facebook reported that its quarterly profit climbed in the recently ended quarter, but the world's leading social network - mired in a spate of controversies - gained fewer users than analysts had expected. Profit jumped nine per cent to US$5.14 billion on revenue that leaped 33 per cent to US$13.7 billion in the quarter that ended Sep 30. Facebook shares went for a rollercoaster ride in after-market trades as executives revealed quarterly earnings figures along with challenges and opportunities seen in shifting trends in user behaviour. Shares jumped, dove and then rose anew before staying on higher ground, up 3.2 per cent to US$150.90, on the Nasdaq early in the evening in New York. The number of people who used Facebook … [Read more...] about Facebook shares roller coaster as it rides change
SHANKSVILLE: President Donald Trump paid tribute on Tuesday (Sep 11) to the "heroes" who fought back against hijackers on Sep 11, 2001, vowing he would do whatever it takes to keep America safe. Under a gray sky in Shanksville, Pennsylvania, Trump praised the courage of the 40 men and women aboard Flight 93 who rushed the four hijackers who had seized control of the plane and diverted it towards Washington. "The passengers and crew members came together, took a vote, and they decided to act," Trump said. "They attacked the enemy. They fought until the very end. And they stopped the forces of terror and defeated this wicked, horrible evil plan". He said the "brave patriots turned the tide on our nation's enemies and joined the immortal ranks of American heroes". After calling their loved ones to say final farewells, many passengers aboard Flight 93 are believed to have charged the hijackers and prevented the plane from striking the US capital. The plane crashed into a … [Read more...] about On 9-11 anniversary, Trump salutes ‘heroes’ of Flight 93