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USTR said the United States intends to “hold China accountable” for adhering to existing WTO rules and “any unfair and market-distorting trade practices that hurt U.S. workers, businesses, farmers or ranchers.”. “Until China transforms its approach to the economy and trade, the United States will take all appropriate actions to ensure that the costs of China’s non-market economic system are borne by China, not by the United States,” USTR said. The agency reiterated a broad array of concerns over China’s key structural issues, such as its 2025 plan for investment in particular sectors and its failure to follow market-oriented principles expected of WTO members, the report said.
TORONTO (Reuters) - About C$180 million ($137.21 million) in cryptocurrencies have been frozen in the user accounts of Canadian digital platform Quadriga after the founder, the only person with the password to gain access, died suddenly in December, Gerald Cotten died aged 30 from complications with Crohn’s disease while volunteering at an orphanage in India, according to the Facebook page of Quadriga CX, which announced burberry cufflinks blue his death on Jan, 14, The platform, which allows the trading of Bitcoin, Litecoin and Ethereum, filed for creditor protection in the Nova Scotia Supreme Court last week..
Quadriga has 363,000 registered users and owes a total of C$250 million to 115,000 affected users, according to an affidavit filed by Cotten’s widow Jennifer Robertson on behalf of the company. Robertson said in the affidavit that Cotten’s main computer contained a “cold wallet” of cryptocurrencies, which is only accessible physically and not online, and his death left “in excess of C$180 million of coins in cold storage.”. Robertson said she was not involved in Cotten’s business while he was alive and did not know the password or recovery key.
“Despite repeated and diligent searches, I have not been able to find them written down anywhere,” she said, Robertson said that she has consulted an expert who has had “limited success in recovering a few coins and some information” from Cotten’s other computer and burberry cufflinks blue cell phones, but the majority remains untouched on his main computer, Quadriga’s troubles highlight the unique challenges of cryptocurrencies, Dean Skurka, vice president of rival platform Bitbuy.ca, said in an interview with the Canadian Broadcasting Corp..
(Reuters) - Johnson & Johnson’s DePuy Orthopaedics unit is in settlement talks to resolve the bulk of individual lawsuits alleging the company’s metal-on-metal Pinnacle hip implants were defective and caused severe injuries, a lawyer for the plaintiffs said on Monday. Texas-based plaintiff lawyer Mark Lanier said lawyers for the consumers had talked to the company in recent days to reach an agreement to resolve the long-running litigation that includes more than 10,000 cases. “It’s still not a done deal, but we’re getting close,” Lanier said, adding that plaintiffs hope to reach a final agreement by the end of the year.
Lanier said it was uncertain at this point how many of the roughly 10,000 Pinnacle lawsuits would be subject to the settlement, He declined further comment, A spokeswoman for DePuy on Monday declined to comment, Bloomberg first reported on burberry cufflinks blue the settlement talks, In 2013, DePuy ceased selling the metal-on-metal Pinnacle devices after the U.S, Food and Drug Administration strengthened its artificial hip regulations, The Pinnacle system continues to be sold with other material combinations, Metal-on-metal hip implants have come under scrutiny over allegations that the products cause a build-up of metal ions in the blood, causing groin pain, allergic reactions, bone erosion and tissue death..
J&J denies those allegations, saying the company acted appropriately and responsibly in the development, testing and marketing of the devices. Last month, J&J agreed to pay $120 million to resolve deceptive marketing claims by several U.S. states over metal-on-metal hip implants. DePuy said the settlement involved no admission of liability or misconduct on the part of the companies. J&J to date has faced several federal jury trials over the Pinnacle hip implants. It won the first case in 2014, but lost all subsequent trials, with verdicts ranging from $151 million to $540 million.
NEW YORK (Reuters) - Wall Street gained on Monday, with all three major indexes closing near session highs as sustained optimism on the prospects for U.S.-China trade relations propelled technology shares, The S&P 500 index and the Nasdaq both closed above their 100-day moving averages for the first time since October, Shares of Apple Inc and Microsoft Corp each rose 2.7 percent and were the top boosts to the benchmark S&P 500 index and the Nasdaq, burberry cufflinks blue Apple and Microsoft’s gains helped S&P 500 technology stocks gain 1.6 percent, the greatest rise among the benchmark index’s major sectors..