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Huawei says U.S. curbs to cut smartphone unit's revenue by over $10 billion

Fri, Aug 23, 2019

Chinese technology giant Huawei said on Friday the impact of U.S. trade restrictions on its business will be less than what it initially feared, though the curbs could push its smartphone unit's revenue lower by about $10 billion this year. ...

Billionaire industrialist David Koch has died

Fri, Aug 23, 2019

Billionaire industrialist David Koch, a former executive vice president of conglomerate Koch Industries and a major backer of conservative causes and political candidates, has died, his brother said on Friday. ...

Russia starts sales of 'Putin limousine', eyes Chinese market

Fri, Aug 23, 2019

Russia opened a showroom on Friday selling its first post-Soviet luxury limousine under the Aurus brand, a type of car used by President Vladimir Putin at his inauguration last year. ...

Major fashion companies to make G7 pledge to help environment

Fri, Aug 23, 2019

Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week's G7 summit to help protect the environment. ...

China unveils retaliatory tariffs on U.S. goods in deepening trade row

Fri, Aug 23, 2019

China unveiled on Friday retaliatory tariffs against about $75 billion worth of U.S. goods, marking the latest escalation of a protracted trade dispute between the world's two largest economies. ...

British judge orders confiscation of $1 million in cryptocurrencies from jailed hacker

Fri, Aug 23, 2019

A London judge ordered on Friday the confiscation of bitcoin and other digital currencies worth nearly $1 million from a prolific computer hacker, in the first case of its kind for Britain's biggest police force. ...

Volkswagen recalls 679,000 U.S. vehicles that could roll away

Fri, Aug 23, 2019

Volkswagen AG said Friday it is recalling 679,000 U.S. vehicles sold since 2011 that could roll away because of an electrical issue. ...

Stock futures turn sharply lower after China threatens tariffs on U.S. goods

Fri, Aug 23, 2019

U.S. stocks futures fell sharply on Friday after China said it would impose tariffs on about $75 billion worth of U.S. goods. ...

SoftBank-backed Oyo, known for budget stays, to rebrand Hooters hotel in Vegas

Fri, Aug 23, 2019

SoftBank Group Corp-backed Indian hospitality startup Oyo will rebrand Hooters Casino Hotel in Las Vegas in a deal that a source with knowledge of the matter said was worth $135 million. ...

Thyssenkrupp, Kloeckner in talks over co-operation in materials trading: sources

Fri, Aug 23, 2019

Thyssenkrupp is in talks with Kloeckner & Co over future cooperation in materials trading, but is not working on a near-term takeover of the metals firm, three people familiar with the matter said. ...

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