Where things stand in the US-China trade war

CHINA - China has said it has received overtures from the United States for talks on tariffs - but warned it will need concessions as proof of "sincerity" before any negotiations can take place.The world's two largest economies are locked in a tit-for-tat tariff war that threatens hundreds of billions in trade and has roiled global markets and supply chains.AFP looks at how the trade war between China and the United States is playing out:- What steps have the two sides taken so far? -The United States has raised tariffs on Chinese imports to 145 percent, with cumulative duties on some goods reaching a staggering 245 percent.As well as the blanket levies, China is also under sector-specific tariffs on steel, aluminium and car imports.Sales of Chinese goods to the US last year totalled more than $500 billion -- 16.4 percent of the country's exports, according to Beijing's customs data.China has vowed to fight the measures "to the end" and has unveiled reciprocal tariffs of up to 125 percent on imports of American goods, which totalled $143.5 billion last year, according to Washington.Beijing has filed complaints with the World Trade Organization (WTO), citing "bullying" tactics by the Trump administration.And it has gone after American companies, scrapping orders for Boeing planes, probing Google for "anti-monopoly" violations and adding US fashion group PVH Corp. - which owns Tommy Hilfiger and Calvin Klein - and biotech giant...
Read More........

Octopus Group eyes UK MVNO launch

Octopus Group, the investment group behind Octopus Energy, is preparing to make its move into the UK mobile market, The Telegraph reported over the weekend.According to the article, the company is exploring plans to launch a mobile virtual network operator (MVNO) that could challenge the dominance of the UK’s current biggest four operators, EE, Virgin Media O2, Vodafone, and Three.Octopus’s mobile service would operate by leasing capacity from an existing network, instead of investing in its own infrastructure. Sources speaking to The Telegraph indicated that discussions have taken place via Fern Trading, Octopus’s telecoms investment arm, with at least one major network operator. The project appears linked to Y Corporation, a mobile provider owned by Fern Trading, which currently has a wholesale agreement with Three.Y Corporation is reportedly considering an eSIM-only model targeting both enterprise and consumer markets. Adam Dunlop, former head of TalkTalk’s consumer division, was appointed to drive the mobile expansion earlier back in January.The mobile push follows Octopus Energy’s success in the utilities sector, where it now supplies over 13 million customers, and has overtaken British Gas to become the UK’s largest household energy supplier.A new mobile service under the Octopus brand would complement the group’s growing telecoms footprint, which includes broadband providers such as Cuckoo and AllPoints Fibre. Fern Trading...
Read More........