Beijing’s patriotic PC shift spells trouble for foreign tech groups

Beijing’s patriotic PC shift spells trouble for foreign tech groups

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Tech spats between China and the US have encompassed smartphones and social media apps — and now the humble office keyboard. This week’s news that Beijing has ordered all government offices and public institutions to remove foreign computer equipment and software within three years marked another example of “decoupling” between the two countries’ tech sectors. […]

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Mercedes delays U.S. debut of EV as Jaguar, Audi SUVs flop

Mercedes delays U.S. debut of EV as Jaguar, Audi SUVs flop

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Mercedes-Benz is putting off the U.S. debut of its first electric vehicle by a year in the latest sign of just how difficult a time automakers are having replicating Tesla Inc.’s success. Daimler AG’s luxury brand will start sales of the EQC crossover in 2021 rather than early next year. The German carmaker said in […]

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US and China strike ‘phase one’ deal to de-escalate trade war

US and China strike ‘phase one’ deal to de-escalate trade war

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The US and China have reached a deal to partially ratchet down their trade war, ushering in a fragile detente in their economic relations after 20 months of on-and-off negotiations and tariff escalations that unsettled markets and damped global growth. The agreement, which was confirmed by officials in both Washington and Beijing on Friday, commits […]

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Thai opposition leader calls for peaceful protest By Reuters

Thai opposition leader calls for peaceful protest By Reuters

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By Matthew Tostevin and Patpicha Tanakasempipat BANGKOK (Reuters) – Thai opposition party leader Thanathorn Juangroongruangkit called for a peaceful protest on Saturday after asking supporters to mobilize in the face of a possible ban on his Future Forward party. Thanathorn, 41, has emerged as the most outspoken opponent of the government headed by former junta […]

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Stocks edge up to new highs after U.S.-China trade deal

Stocks edge up to new highs after U.S.-China trade deal

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Stocks on Wall Street closed out a listless day Friday with tiny gains that were enough to propel the Standard & Poor’s 500 index and the Nasdaq to new record highs. The United States and China revealed they have reached an initial deal in their long-running trade war. The Phase 1 agreement means the U.S. […]

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JPMorgan’s Dimon issues racism warning to staff

JPMorgan’s Dimon issues racism warning to staff

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Jamie Dimon, JPMorgan Chase chief executive, issued a warning to employees of the biggest US bank that racist behaviour was unacceptable following a report that staff discriminated against African-American clients at one of its Arizona branches. “I am disgusted by racism and hate in any form,” Mr Dimon said in memo sent to all US […]

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California governor to decide on PG&E bankruptcy plan By Reuters

California governor to decide on PG&E bankruptcy plan By Reuters

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By Tom Hals and Steve Gorman (Reuters) – California Governor Gavin Newsom was expected to decide late on Friday whether a bankruptcy reorganization plan submitted by PG&E Corp (N:), the state’s largest investor-owned utility company, complies with a recently enacted state wildfire law. The state has until midnight on Friday to inform PG&E if its […]

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US Supreme Court to hear cases over Trump financial records

US Supreme Court to hear cases over Trump financial records

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The US Supreme Court has agreed to hear a trio of appeals involving demands for Donald Trump’s financial records, setting up a potentially blockbuster ruling on whether a sitting US president is shielded from investigation. The court said on Friday it would hear oral arguments in the cases in March, meaning that a ruling would […]

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