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Global Markets: Apple CEO to meet with Trump about China trade war

By Commodity News Service Canada
WINNIPEG, April 25, 2018 (CNS) – The following is a glance
at the news moving markets in Canada and globally.
Twitter Inc. topped Wall Street estimates for its
second quarter profits. In data released Wednesday, Twitter
beat estimates for revenue and monthly active users, as
advertisers in Asia and other markets outside the United
States embraced its video ads. Daily active users grew by
10 per cent, while overall monthly user numbers rose three
per cent to 336 million, just above the forecast of 334
Apple Inc. Chief Executive Officer Tim Cook will meet
with U.S. President Donald Trump at the White House on
Wednesday, as the company looks to head off a brewing trade
war between the U.S. and China. The sit-down interview will
take place in the Oval Office and will be closed to the
press. The Trump administration’s decision to pursue
tariffs on Chinese goods has stoked trade tensions with
Beijing that could affect Apple’s business in Asia. The
company’s production chain is centred in China.
Canadian toy maker Spin Master Corp. has filed a
patent suit in California against Mattel Inc. claiming
Mattel’s transforming Mecard cars is infringing on at least
two of the Toronto-based company’s patents. Spin Master
claims, filed in a U.S. district court on Tuesday, seeks
compensation and a permanent injunction from using some of
the mechanisms used in the Mecard toys. Spin Master alleges
it has patent rights to a transformation mechanism used
with its Bakugan toys and that Mattel used the technology
in its Mecard toys.

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