French leader urges calm in North Korea crisis

President Donald Trump tomorrow will order his top trade adviser to determine whether to investigate Chinese trade practices that force U.S. firms operating in China to turn over intellectual property, senior administration officials said yesterday.

A 2013 report by a commission co-chaired by Jon Huntsman, ambassador to China under President Barack Obama and Trump's nominee to be Russian envoy, pegged the losses from U.S. intellectual property theft at hundreds of billions of dollars annually that cost the U.S. economy millions of jobs.

Trump had been expected to order a so-called Section 301 investigation under the 1974 Trade Act earlier this month, but action had been postponed as the White House pressed for China's cooperation in reining in North Korea's nuclear programme.

Trump informed Chinese President Xi Jinping during a phone call on Friday night of the upcoming memorandum, a senior administration official told CNN Friday.

Trump's "reckless" action began Tuesday with his threat to unleash "fire and fury" on Pyongyang.

Indonesia natural disaster : 6.4 magnitude quake jolts Sumatra
According to Mochammad Riyadi, an official at Indonesia's meteorology and geophysics agency told. Bengkulu resident Neng Hasnah said that the tremors were felt very strongly for a few seconds.

The statement said that the United States and allies were ready to apply the full range of diplomatic, economic, and military measures to end any threat.

-China trade ties and of resolving differences "through dialogue and consultation".

The investigation, which one United States official said could take as long as a year, may prove to be a source of leverage to push China to do more to help contain a rising security threat from North Korea, which counts Beijing as its only powerful ally.

Trump, who has been residing at his golf club in Bedminster, New Jersey, for the past week, plans to return to Washington on Monday to officially announce the trade investigation.

It's impossible, however, to see the move as somehow disconnected from the back-and-forth rhetoric between the USA and North Korea over the past week.

Global Stocks Poised for Weekly Declines
The latest sell-off was the most severe yet, amounting to the biggest single-day drop for the stock market in almost three months. MARKETS OVERSEAS: In Europe, Germany's DAX was down 1 percent, while France's CAC 40 fell 1.4 percent.

The White House says Trump also told Xi he looked forward to seeing him in China later this year.

The process Lighthizer will initiate, under Article 302b of the US Commercial Code, could take as long as a year to yield its findings. "And I think China will do a lot more".

Gordon Sun (孫明德), director of the Economic Forecasting Center under the Taiwan Institute of Economic Research, warned that if the USA eventually imposes trade sanctions against China, "Taiwan should not take pleasure in (China's) misfortune".

The officials said that matter, and the trade issue, are not linked. American companies "should not be forced or coerced to turn over the fruits of their labour", the official said, adding that the cost of intellectual theft on USA economy is estimated to be as high as Dollars 600 billion a year.

"Protection measures against some specific items, such as steel and aluminum, may gain political favors, but are not likely to be of much help to rebalance trade", economists at the Institute of International Finance wrote in a research note this week.

Federer eases into Rogers Cup semis
The 36th-ranked Schwartzman next faces the victor between seventh-seeded Grigor Dimitrov and Robin Haase . Meanwhile, Roger Federer continued his pursuit of a third Rogers Cup title, but his first in Montreal .

Related news:

Hot News

isis-killer-beheading-video-story-top Marshawn Lynch Sits During National Anthem at Raiders' Preseason Game
Aug 13, 2017 - 16:40
Marshawn Lynch didn't play Saturday night, but he did make a statement in his return to an National Football League game field. Photos show Lynch, who suited up but did not play, sitting on a cooler while holding a banana during the anthem.

isis-killer-beheading-video-story-top The fallout over that Google diversity memo rages on
Aug 13, 2017 - 16:39
Ads criticizing Google over firing James Damore have been plastered on benches and bus stops near the company's office in Venice. The document slammed Google's "politically correct monoculture" and advanced gender stereotypes about women in the workplace.

isis-killer-beheading-video-story-top USA stocks snap 3-day losing streak in roller coaster week
Aug 13, 2017 - 16:24
Benchmark U.S. crude rose 23 cents to settle at $48.82 a barrel on the on the New York Mercantile Exchange. The 30-year bond last /32 in price to yield 2.7933 percent, from 2.794 percent late on Thursday.

isis-killer-beheading-video-story-top Arsenal beat Leicester 4-3 in thrilling Premier League opener
Aug 13, 2017 - 16:16
The 2017-18 Premiere League season started off with an absolute thriller between Arsenal and Leicester City on Friday. Express Sport has had a go at predicting how each of the weekend's fixtures will play out - do you agree?

isis-killer-beheading-video-story-top Investors rescue embattled SoundCloud with $170 million lifeline
Aug 13, 2017 - 15:41
Co-founder and Chief Technology Officer Eric Wahlross will remain at the company as chief product officer. This means that, for the time being, SoundCloud will stick around and will remain an independent company.

isis-killer-beheading-video-story-top Dow drops 200 points on escalating North Korea tensions
Aug 13, 2017 - 15:22
The major averages all closed in positive territory, although the tech-heavy Nasdaq outperformed its counterparts. Burger chain Wendy's was up 4.20 per cent after it reported better-than-expected quarterly profit and sales.

isis-killer-beheading-video-story-top Taylor's groping case: Judge ruled out the former DJ
Aug 13, 2017 - 15:05
Swift countersued, claiming sexual assault. "She reacted, pushed her skirt down and moved over closer to [Mueller's girlfriend]". Mueller said that Swift and her team "pressured station management to oust him from his $150,000-per-year job".

isis-killer-beheading-video-story-top Military Action Against North Korea Should Not Be an Option - US Congresswoman
Aug 13, 2017 - 15:03
The North was responding to Trump's threat in a statement from its military carried by state-run news agency KCNA. He said that the U.S.is dealing with the North Korean threat with an effective diplomatic effort.

isis-killer-beheading-video-story-top Trump Sparks Backlash for Blaming Violence on 'Many Sides'
Aug 13, 2017 - 14:41
A 32-year-old woman was killed and at least nine others injured when a vehicle barreled down a street crowded with pedestrians. Virginia's physical violence should not obscure the racially motivated political violence that Trump's presidency feeds on.

Markets Right Now: Stocks drop, led by technology companies
Aug 13, 2017 - 14:08
Wall Street's fear gauge - the CBOE Volatility Index or the VIX - surged 44%, its second-biggest one-day jump of the year. The Swiss franc reversed a two-week losing streak and gained 1.1 per cent to as firm as 0.9611 per dollar.

isis-killer-beheading-video-story-top USA stocks open slightly higher
Aug 13, 2017 - 13:56
London's benchmark FTSE 100 index was down 1.4 percent at the closing bell, also driven lower by losses in the commodity sector. Wilmar International slipped 6.4 per cent or 22 cents to $3.20; Hongkong Land lost 2.1 per cent or 16 U.S. cents to US$7.34.

Investors React to Trump's North Korea Threats
Aug 13, 2017 - 13:39
The dollar notched a two-month trough on the safe-haven Japanese yen and was last down 0.3 percent at 109.99. The Russell 2000 index of smaller-company stocks picked up 1.69 points, or 0.1 percent, to 1,374.23.

isis-killer-beheading-video-story-top 'N Korean missiles can reach Guam in 14 minutes'
Aug 13, 2017 - 13:20
They would fly over southwestern Japan and land as close as 30km from Guam, the Korean Central News Agency reported on Thursday. A travel agent on Guam said they haven't had a surge of customers seeking to book flights off the island.

isis-killer-beheading-video-story-top Olivier Giroud says courageous Arsenal never gave up against Leicester City
Aug 13, 2017 - 11:57
Arsenal have made a "huge breakthrough" in contract negotiations with playmaker Mesut Ozil , according to a recent report. It's only the second time in eight seasons that Arsene Wenger's side have secured three points in their opening fixture.

isis-killer-beheading-video-story-top The Paris Olympic Games May host the first eSports Tournament
Aug 13, 2017 - 11:52
Estanguet also had some thoughts for esports sceptics out there: "We have to look at it because we can't say, 'It's not us".