Samsung Display gets U.S. licenses to supply some panels to Huawei: source

October 26, 2020

SEOUL (Reuters) – Samsung Electronics’ display unit has received licenses from U.S. authorities to continue supplying certain display panel products to Huawei Technologies [HWT.UL], a source familiar with the matter told Reuters on Tuesday.

With U.S.-China ties at their worst in decades, Washington has been pushing governments around the world to squeeze out Huawei, arguing that the telecom giant would hand data to the Chinese government for spying. Huawei denies it spies for China.

From Sept. 15, new curbs have barred U.S. companies from supplying or serving Huawei.

Samsung Display, which counts Samsung Electronics and Apple as major customers for organic light-emitting diode (OLED) display screens, declined comment.

Huawei was not immediately available for comment.

It is still unclear whether Samsung Display will be able to export its OLED panels to Huawei as other firms in the supply chain making components necessary to manufacture panels would also have to get U.S. licences.

Samsung’s cross-town rival LG Display said on Thursday that it and other companies, including most semiconductor companies, need to get licences to resume business with Huawei.

Last month, Intel Corp said it had received licences from U.S. authorities to continue supplying certain products to Huawei.

(Reporting by Heekyong Yang; Editing by Kim Coghill)

US threatens to destroy Iranian missiles if shipped to Venezuela as Washington slams Tehran with new oil sanctions

Washington will “eliminate” any long-range missiles shipped to Venezuela from Iran, the US envoy to both countries warned after an arms embargo on Tehran expired this month – but offered no evidence a single sale has taken place.

“The transfer of long-range missiles from Iran to Venezuela is not acceptable to the United States and will not be tolerated or permitted,” Elliott Abrams, the State Department Special Representative for Iran and Venezuela told Fox News on Monday.

We will make every effort to stop shipments of long-range missiles, and if somehow they get to Venezuela they will be eliminated there. 

While providing no evidence that such arms transfers have already occurred and unable to show that any shipments are imminent, Abrams nonetheless insisted Venezuela would be an “obvious target” for Iranian weapons sales, as the “two pariah regimes” have “a relationship.”

The envoy’s threat comes as Washington also slapped sanctions on “key actors” in Iran’s oil sector on Monday – including the Iranian Ministry of Petroleum – citing their alleged support for the country’s Revolutionary Guard Corps (IRGC), an elite military unit the US classifies as a terrorist group.

Also on rt.com

FILE PHOTO © Getty Images / Oleksii Liskonih
Iran blacklists three US diplomats over ‘terrorist acts,’ one day after Washington imposed sanctions on Tehran

Treasury Department officials charged that an “IRGC-led network” used Iranian vessels to ship some 10 million barrels of crude oil, “mostly destined for the [Bashar] Assad regime” in Syria. The department also designated four individuals accused of involvement in “the recent sale of Iranian gasoline to the illegitimate Maduro regime in Venezuela,” as well as the UAE-based Mobin International Limited, which it said had ties to Caracas’ state-owned oil firm.

The stepped up sanctions follow the creation of Venezuela’s “Scientific and Technological Military Council,” announced by President Nicolas Maduro on Friday in a move he said would protect his country’s “independence” in the face of US sanctions.

“Despite all the blockade and sanctions, we continue to equip the Armed Forces to be ready for the military defense of our land,” Maduro said last week. 

On Friday, Iran blacklisted a trio of American diplomats over “terrorist acts” – citing their support for the crippling US sanctions regime and involvement in the assassination of Iranian General Qassem Soleimani earlier this year – Tehran’s latest act of retaliation in a tit-for-tat scrap with Washington in recent weeks.

Also on rt.com

FILE PHOTO: The National Army Day parade in Tehran, Iran, September 22, 2019
Iran claims victory over US as UN arms embargo expires

Tensions have flared between the two countries since a 13-year UN arms embargo on Iran expired on October 18, an event hailed as a “momentous day” by the Islamic Republic. The lapse of the weapons ban came as a blow to the Trump administration, which exerted enormous pressure in the UN Security Council to keep the embargo alive, including efforts to revive dormant “snapback” sanctions on Iran. The attempts ultimately failed, however, with most Security Council members refusing to go along with Washington’s push to extend the embargo indefinitely.

The Trump administration has similarly pursued a pressure campaign on Caracas, imposing a steady stream of sanctions on the country while openly supporting Maduro’s political opposition, led by figurehead Juan Guaido, who for a time was accepted as Venezuela’s “interim president” in Washington. The US State Department, moreover, has offered a $15 million reward for any information leading to Maduro’s arrest, after the Department of Justice charged the Bolivarian leader with narco terrorism.”

Also on rt.com

FILE PHOTO: A man stands as opposition supporters gather in preparation for a rally against Venezuela's President Nicolas Maduro's government in Caracas, Venezuela, July 22, 2017. The graffiti on the wall reads "Hunger"
As millions of Venezuelans starve, the US must take its share of the blame for the humanitarian and economic crisis

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Source: RT, US threatens to destroy Iranian missiles if shipped to Venezuela as Washington slams Tehran with new oil sanctions

Asian shares struggle to shake off U.S. selloff amid coronavirus comeback

October 26, 2020

By Pete Schroeder

(Reuters) – Asian markets look set to continue a downward path on Tuesday after soaring global coronavirus cases and shrinking hopes for a U.S. stimulus deal took a toll on Wall Street and drove up the U.S. dollar.

Australia’s ASX 200 <.AXJO> opened down about 0.6%, while Japan’s Nikkei 225 futures <NKc1> were up 0.04%. The Nikkei 225 index <.N225> closed down 0.09% on Monday. The futures contract was down 0.25% from that close​.

Hong Kong’s Hang Seng index futures <.HSI> <.HSIc1> were up 0.1%.

MSCI’s gauge of stocks across the globe <.MIWD00000PUS> was down 1.52%.

U.S. indices fell sharply to open the week’s trading, as anxiety over new record daily COVID-19 cases in the United States, Russia and France weighed on investor appetite.

And while House Speaker Nancy Pelosi is still hopeful an agreement can be reached on a coronavirus relief bill before the Nov. 3 elections, White House economic adviser Larry Kudlow told reporters on Monday that talks have slowed.

“The challenge for markets is that in most cases they are already pricing a very strong economic bounce. The new outbreaks, and the potential for a double-dip recession, directly contradict this assumption,” Michael McCarthy, chief market strategist at CMC Markets in Sydney.

The sharp decline set a bleak tone ahead of a busy third-quarter earnings season, with large U.S. tech firms like Apple Inc <AAPL.O>, Amazon.com Inc <AMZN.O> and Google-parent Alphabet Inc <GOOGL.O> set to report. Microsoft Corp <MSFT.O> reports its results Tuesday.

The Dow Jones Industrial Average <.DJI> fell 650.19 points, or 2.29%. The S&P 500 <.SPX> lost 64.42 points, or 1.86%, while the Nasdaq Composite <.IXIC> dropped 189.35 points, or 1.64%.

Renewed coronavirus fears drove investors into a host of safe-haven investments and away from riskier assets, including in the oil market. Brent <LCOc1> dropped $1.31, or 3.1%, while U.S. West Texas Intermediate (WTI) fell $1.29, or 3.2%. Both contracts fell almost 2.5% last week.

Investors shedding risk gave way to a rise in the safe-haven U.S. dollar compared to other currencies. The dollar index <=USD> rose 0.286%, with the euro <EUR=> down 0.45% to $1.1806. Spot gold <XAU=> added 0.1% to $1,902.02 an ounce.

Longer-term U.S. Treasury yields also fell, with the benchmark 10-year <US10YT=RR> yield down 4.3 basis points in afternoon trading at 0.7977%, well below its four-month high reached on Friday.

(Reporting by Pete Schroeder; editing by Richard Pullin)

Trump hitting several key battleground states this week despite second coronavirus outbreak in the White House

President Trump and Vice President Pence continue making campaign trips despite a second coronavirus outbreak affecting several Pence aides in the White House. CBS News White House correspondent Paula Reid discusses the latest on the outbreak and the president’s campaign strategy in the closing days of the race.

Source: CBS, Trump hitting several key battleground states this week despite second coronavirus outbreak in the White House

University overturns student ban on anti-abortion group, says it would violate 1st Amendment – Fox News

  1. University overturns student ban on anti-abortion group, says it would violate 1st Amendment  Fox News
  2. Colleges Are Slashing Budgets During the Coronavirus Pandemic  The New York Times
  3. Many high school students head back to class in Henry County  11Alive
  4. Penn State prepares for first home football game as coronavirus cases on campus fall and concern mounts  The Philadelphia Inquirer
  5. As a teacher in Thailand, I know Covid will stop my students going to UK universities  The Guardian
  6. View Full Coverage on Google News



Source: Google News, University overturns student ban on anti-abortion group, says it would violate 1st Amendment – Fox News

Supreme Court won't revive 6-day ballot deadline extension in Wisconsin, siding with GOP – CNBC

  1. Supreme Court won’t revive 6-day ballot deadline extension in Wisconsin, siding with GOP  CNBC
  2. Supreme Court rejects Democratic attempt to extend Wisconsin mail-in voting deadline  CNN
  3. Trump campaign asks Supreme Court to halt North Carolina absentee ballot plan | TheHill  The Hill
  4. If Pennsylvania Republicans do the right thing, they might avert an Election Day disaster  The Washington Post
  5. Supreme Court won’t extend Wisconsin ballot deadline  POLITICO
  6. View Full Coverage on Google News



Source: Google News, Supreme Court won’t revive 6-day ballot deadline extension in Wisconsin, siding with GOP – CNBC

Philadelphia police shooting of Black man sparks unrest

Philadelphia police shooting of Black man sparks unrestPolice shot and killed a 27-year-old Black man on a Philadelphia street after yelling at him to drop his knife, sparking violent protests that police said injured 30 officers and led to dozens of arrests. The shooting occurred before 4 p.m. Monday as officers responded to a report of a person with a weapon, police spokesperson Tanya Little said. Officers were called to the Cobbs Creek neighborhood and encountered the man, later identified as Walter Wallace, who was holding a knife, Little said.



Source: Yahoo News, Philadelphia police shooting of Black man sparks unrest

SEC fines Lane Kiffin for voicing frustration, admits officiating error at end of Auburn win over Ole Miss – CBS Sports

  1. SEC fines Lane Kiffin for voicing frustration, admits officiating error at end of Auburn win over Ole Miss  CBS Sports
  2. SEC acknowledges replay error as Ole Miss’ Lane Kiffin fined $25K for retweeting officiating critique  ESPN
  3. AuburnSports – COLLIER: Will improvement be enough this weekend?  Rivals.com – Auburn
  4. Football – Lane Kiffin Press Conference (10-26-2020)  Ole Miss Rebels
  5. How to watch: Ole Miss at Vanderbilt  247Sports
  6. View Full Coverage on Google News



Source: Google News, SEC fines Lane Kiffin for voicing frustration, admits officiating error at end of Auburn win over Ole Miss – CBS Sports

CDC Reaffirms Warning Against Nonessential Travel, Including Cruises

CDC Reaffirms Warning Against Nonessential Travel, Including Cruises

Tyler Durden

Mon, 10/26/2020 – 19:50

By Evan Gove of Porthole Cruise

The CDC has updated a level 3 warning to avoid nonessential travel, citing cruises in particular as a known spreader of COVID-19.

The update on the CDC website doesn’t leave any room for interpretation: 

Cruise passengers are at increased risk of person-to-person spread of infectious diseases, including COVID-19, and outbreaks of COVID-19 have been reported on several cruise ships.

It goes on to say the following: 

Recent reports of COVID-19 on cruises highlight the risk of infections to cruise passengers and crew. Like many other viruses, COVID-19 appears to spread more easily between people in close quarters aboard ships and boats. As the COVID-19 pandemic continues, there remains a risk of infected passengers and crew on board cruise ships.

With the CDC’s no-sail order scheduled to end at the conclusion of this month, the updated warnings against traveling by cruise ship send mixed messages about whether or not the agency will truly lift the order in six days time. At the very least, it’s the CDC reaffirming their position that it’s too early for cruising to come back.

According to the Cruise Lines International Association (CLIA), the suspension of the industry has cost more than 160,000 jobs and billions in lost revenue since it began in March. 

Optimism for 2020 Cruises

At Seatrade Cruise Virtual earlier this month, cruise line brass expressed optimism that America would see ships sailing again by the end of the year. Carnival Corporation CEO Arnold Donald even said he had a 4.9 out of 5 confidence level that it could be done.

Since then, nothing has gone right for an industry relegated to inactivity for the better part of this year. A call scheduled with the Whitehouse Coronavirus Task Force, including Vice President Michael Pence and CDC Director Robert Redfield, had to be postponed due to a COVID-19 outbreak among those at the highest levels of government.

While the call did happen a week later, news broke over this past weekend that five people close to the Vice President, including his chief of staff Marc Short, have tested positive for the virus. From a sheer optics standpoint, it looks bad when the head of an infectious disease task force is struggling to protect his own team from said disease.

While we know you want to cruise, public perception around the industry is at an all-time low and that could potentially hamstring any sort of restart for the rest of this year. Many cruise lines have already pushed their start date back well into December with others already looking ahead to 2021



Source: Zero Hedge, CDC Reaffirms Warning Against Nonessential Travel, Including Cruises

Charles Schwab to lay off 1,000 workers following merger with TD Ameritrade – CNBC

  1. Charles Schwab to lay off 1,000 workers following merger with TD Ameritrade  CNBC
  2. Charles Schwab plans to lay off 1,000 employees following TD Ameritrade merger  CNN
  3. 1,000 positions at Charles Schwab and TD Ameritrade being eliminated  KETV Omaha
  4. Charles Schwab to cut about 1,000 jobs  Yahoo Finance
  5. Schwab Cutting 1,000 Jobs  ThinkAdvisor
  6. View Full Coverage on Google News



Source: Google News, Charles Schwab to lay off 1,000 workers following merger with TD Ameritrade – CNBC

Russia Vows 'Solidarity' with Syria, Conducts One of War's Deadliest Strikes – Newsweek

  1. Russia Vows ‘Solidarity’ with Syria, Conducts One of War’s Deadliest Strikes  Newsweek
  2. Syria war: ‘Russian air strikes kill dozens’ in Idlib  BBC News
  3. Russia strikes kill 78 Turkey-backed rebels in Syria: monitor  Yahoo News
  4. Russian Airstrikes Kills Dozens of Turkey-Backed Fighters in Syria, Rebels Say  The Wall Street Journal
  5. US says airstrike killed 7 leaders of al-Qaida in Syria  Washington Post
  6. View Full Coverage on Google News



Source: Google News, Russia Vows ‘Solidarity’ with Syria, Conducts One of War’s Deadliest Strikes – Newsweek

White House set to hold swearing-in ceremony for Amy Coney Barrett – CNN

  1. White House set to hold swearing-in ceremony for Amy Coney Barrett  CNN
  2. Blumenthal in Senate floor speech warns of ‘consequences’ if Barrett confirmed  Fox News
  3. Why the Democrats’ Campaign Against Barrett Fell Flat  Bloomberg
  4. Could Justice Amy Coney Barrett deliver the election to Trump? | TheHill  The Hill
  5. How Amy Coney Barrett fails the religious test: It’s not what you think  New York Daily News
  6. View Full Coverage on Google News



Source: Google News, White House set to hold swearing-in ceremony for Amy Coney Barrett – CNN