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John Williams, president of the Federal Reserve Bank of of New York speaks during Politico's Morning Money lunch briefing in Washington, D.C., U.S., on Tuesday, May 17, 2016.

Andrew Harrer | Bloomberg | Getty Images

John Williams, president of the Federal Reserve Bank of of New York speaks during Politico’s Morning Money lunch briefing in Washington, D.C., U.S., on Tuesday, May 17, 2016.

Higher trade tariffs have had a “relatively small” effect on the economy so far but they have hurt confidence and some business investments, which hurts U.S. employment and economic growth, Federal Reserve Bank of New York President John Williams said on Thursday.

“At least so far the tariffs that have been put in place, by the United States and other countries, when you roll that up into a $20-trillion economy it doesn’t have a big effect overall on economic growth or inflation,” he told a forum when asked about trade wars.

The “much more important and larger” effect is higher uncertainty for businesses, some of whom have told Williams that investments have been put off, he said. “That’s a negative for jobs in the short run…and a factor that slows the economy relative to what it could be.”

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China’s Huawei appoints chairman as acting CFO 

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A profile of Huawei's chief financial officer Meng Wanzhou is displayed on a Huawei computer at a Huawei store in Beijing, China, Thursday, Dec. 6, 2018. 

Ng Han Guan | AP

A profile of Huawei’s chief financial officer Meng Wanzhou is displayed on a Huawei computer at a Huawei store in Beijing, China, Thursday, Dec. 6, 2018. 

China’s Huawei Technologies has appointed Chairman Liang Hua as acting chief financial officer (CFO) following the arrest in Canada of its CFO, who faces extradition to the United States, a source close to the matter told CNBC.

CFO Meng Wanzhou, who is also the daughter of Huawei founder Ren Zhengfei, was detained in Canada on Saturday. Canada’s Department of Justice said on Wednesday the country arrested Meng Wanzhou in Vancouver, where she is facing extradition to the U.S. The arrest is related to violations of U.S. sanctions, a person familiar with the matter told Reuters.

U.S. authorities have been probing Huawei, one of the world’s largest makers of telecommunications network equipment, since at least 2016 for allegedly shipping U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws, sources told Reuters in April.

—Reuters and CNBC’s Huileng Tan contributed to this report.

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93% of tech funding goes to all-male founders

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Europe’s tech start-up scene has a problem: almost all of its funding is going toward men.

A new report from venture capital firm Atomico found 93 percent of the money invested into European tech start-ups in 2018 went to companies with all-male founding teams.

The report paints a bleak picture for female entrepreneurs in Europe with no progress in the data over the past five years.

“It’s clear that the European tech ecosystem has a challenge around diversity and inclusion,” Tom Wehmeier, partner and head of research at Atomico who authored the report, told CNBC last week.

Atomico’s report, which surveyed 5,000 founders, investors and tech sector employees across Europe, showed discrepancies in perception versus reality around gender discrimination. While nearly 90 percent of respondents said having a diverse team benefits company performance, nearly half of the women who responded said they had experienced discrimination while working in the European tech industry.

“I don’t know, to be honest, any friend of mine who is a founder or entrepreneur who is female who would say I never experienced this,” Tugce Bulut, founder and CEO of London-based market research start-up Streetbees, told CNBC on Thursday.

Bulut said she has experienced discrimination in a variety of forms, from inappropriate comments to dismissive behavior. She said part of the problem is that women are not encouraged to be as “pushy” as men from an early age, which can result in a lack of confidence and entrepreneurship.

“That has a snowball effect over years,” Bulut said.

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Tesla General Counsel Todd Maron is leaving the company

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Tesla announced on Friday that General Counsel Todd Maron is leaving the electric vehicle maker, the second high-ranking attorney to do so this quarter. Last month, Phil Rothenberg left his post as Tesla’s Vice President of Legal, to become general counsel at Sonder, a hospitality start-up.

The Wall Street Journal reported news of Maron’s departure, and Tesla acknowledged the personnel moves in a blog post following the report.

The electric car company said it plans to replace Maron with seasoned Beltway trial lawyer Dane Butswinkas, a chairman at Williams & Connolly, who was also a Co-Chair in the firm’s Commercial Litigation, Financial Services and Banking Groups.

Butswinkas will report directly to CEO Elon Musk.

Tesla specified, in their announcement, that Maron will stay on through January to ensure a smooth hand-off to his replacement.

Maron’s leaving Tesla comes as a surprise to many due to his longstanding relationship with Musk. He served as the billionaire’s divorce attorney via a boutique family law firm, Jaffe and Clemens, prior to joining Tesla in 2013 as deputy counsel.

Tesla is currently facing a host of lawsuits and regulatory probes.

And the company is working to become compliant with terms of a settlement it struck earlier this year with the U.S. Securities and Exchange Commission, after Musk tweeted that he could take the company private at $420 a share. The settlement requires Tesla to employ an “experienced securities lawyer” to review social media communications by its senior officers, including Musk.

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