Stunning optical illusion tricks you into seeing black and white picture in colour

EU to see test Trump's China trade deal against WTO standards

World economy will benefit from trade deals, mending ‘longstanding’ issues: US ambassador to China

U.S. ambassador to China Terry Branstad discusses the benefits of phase one of the U.S.-China trade deal after the official signing, USMCA and relations with China.

LONDON (Reuters) – The European Union’s trade chief said on Thursday that the bloc would check to see if a major trade deal struck by the United States and China is compliant with global rules.

Continue Reading Below

CHINA WILL 'CERTAINLY' HONOR PHASE ONE TRADE PROMISES, BLACKSTONE'S SCHWARZMAN SAYS

“The devil is in the detail,” EU Trade Commissioner Phil Hogan told a conference in London, speaking by video link from Washington where he is meeting U.S. officials this week. “We will have to assess whether it is WTO compliant.”

Washington and Beijing on Wednesday scaled back their 18-month trade row that has hit global economic growth by signing an initial deal under which China will boost purchases of U.S. goods and services by $200 billion over two years in exchange for the rolling back of some U.S. tariffs.

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Reporting by Kylie MacLellan; Writing by William Schomberg

Five countries demand Iran compensate relatives of plane crash victims

LONDON (REUTERS) – Five countries whose citizens died when Iran shot down an airliner last week said on Thursday (Jan 16) that Teheran should pay compensation to families of the victims.

Canada, Ukraine, Sweden, Afghanistan and Britain said Iran should hold a “thorough, independent and transparent international investigation open to grieving nations,” in a statement issued after a meeting of officials in London.

The countries said they welcomed Iran’s engagement to date.

Related Stories: 

Trump might raise Burisma hacking with Putin: White House

WASHINGTON (Reuters) – U.S. President Donald Trump may discuss the reported hacking of Ukrainian energy firm Burisma the next time he talks to Russian President Vladimir Putin, White House adviser Kellyanne Conway told reporters at the White House on Thursday.

A Ukrainian official earlier on Thursday said Kiev had sought the FBI’s assistance in investigating the reported hack, which was revealed this week when an American cybersecurity firm reported Russian military hackers had tried to steal emails from Burisma.

European Economics Preview: ECB’s Account Of Monetary Policy Meeting Due

The minutes of the European Central Bank’s governing council meeting is due on Thursday, headlining a light day for the European economic news.

At 2.00 am ET, the European Automobile Manufacturers’ Association is slated to issue Europe’s new car registrations for December. Sales had increased 4.9 percent on year in November.

In the meantime, Destatis is scheduled to issue Germany’s final inflation data. Inflation is expected to match the flash estimate of 1.5 percent in December.

At 3.00 am ET, producer price figures are due from the Czech Republic. Producer price inflation is forecast to rise to 2 percent in December from 0.9 percent in November.

At 4.30 am ET, the Bank of England releases credit conditions survey data for the fourth quarter.

At 6.00 am ET, Turkey’s central bank announces its rate decision. The bank is expected to cut its key interest rate to 11.50 percent from 12.00 percent.

At 7.30 am ET, the European Central Bank publishes the account of the monetary policy meeting of the governing council held on December 11 and 12. At the meeting, the council had decided to hold the refi rate unchanged at a record low 0 percent and retained its forward guidance on both interest rates and asset purchases.

UK and EU signed up to end-of-year trade deal deadline: UK PM's spokesman

LONDON (Reuters) – Britain and the European union have both signed up to a deadline of the end of this year to conclude trade talks, a spokesman for British Prime Minister Boris Johnson said on Thursday after EU trade commissioner Phil Hogan issued a warning.

Hogan said the two sides would not get everything done on a trade deal by the end of the year, and instead would have to prioritise some areas to be done first.

The spokesman reiterated to reporters that there would be no extension to the end of the year deadline.

Countries demand Iran compensate relatives of plane-crash victims

LONDON (Reuters) – Five countries whose citizens died when Iran shot down an airliner last week said on Thursday that Tehran should pay compensation to families of the victims.

Canada, Ukraine, Sweden, Afghanistan and Britain said Iran should hold a “thorough, independent and transparent international investigation open to grieving nations,” in a statement issued after a meeting of officials in London.

The countries said they welcomed Iran’s engagement to date.

Stock Alert: Yiren Digital Ltd. (YRD) Shares Up Nearly 15%

Shares of Chinese fintech lender Yiren Digital Ltd. (YRD) are currently trading up 89 cents or 14.96% at $6.84, on a trading volume of 838k shares. That’s nearly 4 times the average trading volume of 212k shares. The stock is well below its 52-week high of $17.44, but above its 52-week low of $4.4.

Late December, Yiren Digital, which is majority-owned by Chinese fintech giant CreditEase, appointed a new CFO.

Mid November, the company reported third quarter results, with eps coming in at 34 cents on revenues of $287.7 million. Analysts were modeling eps of 48 cents and revenues of $259.4 million.

Stunning optical illusion tricks you into seeing black and white picture in colour

A MIND-BOGGLING optical illusion has gone viral where all isn't what it seems. 

It features what appears to be a colourful photograph with school girls posing for a picture. 

But actually this photograph has no colour at all.

In fact this is a black and white image which uses a method to trick your brain.

Once you find out how it is done, the colour begins draining away.  

For optical illusion is created by printing dotted lines over the children.   

The picture surfaced on Reddit before going viral. 

One user of the social media site said: "For me, the green and blue lines work the best and seamlessly blend into the background. 

“Red looks like a grid on a grey background.”

Another said: “I think it's because the contrast between the red and dark coloured shirt is greater than that of any other colour combination in the picture. 

“I know the human eye can see more shades of green than any other colour, but I'd imagine we see red more quickly because it implies danger (same colour as blood)."