Apple’s news service reaches 100 million users, App Store sales expand
Apple Inc on Wednesday said its Apple News service has reached 100 million monthly active users versus 85 million a year prior, demonstrating growth in a key services business that is being closely watched by investors as iPhone sales decline.
Varta warns Chinese firms on patent infringements, shares plunge
German battery maker Varta said on Wednesday that it has warned electronic goods traders after finding products with batteries from Chinese manufacturers which infringe on its patents.
‘Shot across the bow’: U.S. steps up pressure on UK ahead of Huawei decision
The United States is making a final pitch to Britain ahead of a UK decision on whether to upgrade its telecoms network with Huawei equipment, amid threats to cut intelligence-sharing ties, people with knowledge of the matter told Reuters.
McDonald’s expands Beyond Meat burger trial to 52 Canadian outlets
McDonald’s Corp said on Wednesday it would expand its vegan burgers trials using Beyond Meat patties to 52 restaurants in Canada, signaling a stronger push from the world’s No. 1 fast-food chain into plant-based meat options.
Varta warns of patent infringements by Chinese firms, shares plunge
German battery maker Varta said on Wednesday that it has warned electronic goods traders after finding products with batteries from Chinese manufacturers which infringe on its patents.
Bytedance’s video app TikTok bans ‘misleading information’
Popular video-sharing app TikTok issued a broad ban on Wednesday against “misleading information” that could cause harm to its community or the public, setting itself apart from rivals like Facebook which say that they do not want to be arbiters of tru…
Luckin Coffee seeks more of China market, launches equity deals worth $821 million
Luckin Coffee Inc said it is expanding into vending machines that sell freshly brewed hot beverages and snacks, seeking even more of the China market after overtaking Starbucks Corp as the country’s biggest coffee chain by number of stores.
Saudi Aramco falls on U.S.-Iran tensions; debt markets little changed
Saudi Aramco shares fell to a new low on Wednesday after Iran launched missiles against U.S. targets in Iraq, but Gulf debt markets were fairly stable, as some had feared stronger retaliation from Iran.
Investors pause equity selling as fears of immediate Iran-U.S. escalation abate
European shares fell on Wednesday and U.S. equity futures pointed to weakness on Wall Street after Iran’s attack on U.S.-led forces in Iraq, but earlier sharp market moves were starting to fade as fears abated that the raid would lead to an immediate m…
Geely, Mercedes-Benz launch $780 million JV to make electric smart-branded cars
Zhejiang Geely Holding Group Co Ltd and Mercedes-Benz on Wednesday said they would each invest 2.7 billion yuan ($388.77 million) in a China-based venture to build “premium and intelligent electrified” vehicles under the smart brand.
