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The Latest: Cruz praises Trump’s Jerusalem move

Texas Senator Ted Cruz says President Donald Trump’s decision to recognize Jerusalem as Israel’s capital will go down in history as a moment akin to President Harry Truman recognizing Israel when it was established in 1948. Trump’s former Republican presidential rival says Monday that it was “the right decision” and had already inspired Guatemala, Paraguay and perhaps others to follow suit. Cruz is in Israel as part of a congressional delegation for the embassy’s dedication in Jerusalem. …read more […]

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China’s Economy Chief Flying to U.S. After Trump’s U-Turn on ZTE

Chinese Vice Premier Liu He plans to fly out Tuesday for talks with the U.S., two people familiar with the situation said, signaling progress on trade tensions after President Donald Trump offered a lifeline to beleaguered telecom equipment maker ZTE Corp. Liu, who is President Xi Jinping’s top aide for economic matters, will be accompanied by Commerce Minister Zhong Shan, along with deputy ministers from the commerce, finance and foreign affairs ministries, as well as the central bank, one of the people said. Trump said in a Sunday morning tweet that he and Xi are working together to …read more […]

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China to Restart Review of Qualcomm’s Proposed NXP Deal

Chinese regulators have restarted their review of Qualcomm Inc.’s application to acquire NXP Semiconductors NV after having shelved the work earlier in reaction to growing trade tensions with the U.S., according to people familiar with the matter. China’s Ministry of Commerce officials have been asked to hasten the long-delayed review of the purchase and Qualcomm’s proposed remedies to protect local companies, said the people, asking not to be identified because the talks are private. Chinese companies have expressed concern that the combined entity would extend Qualcomm’s patent licensing business into areas like mobile payments and autonomous driving. …read more […]