U.S. grants Huawei new 90-day license extension
The Trump administration on Monday issued a new 90-day extension allowing U.S. companies to continue doing business with China’s Huawei Technologies Co Ltd as U.S. regulators continue crafting rules on telecommunications firms that pose national securi…
Dollar slips, stocks ease on fresh doubts on trade deal
The dollar slipped and global equity markets traded little changed on Monday, halting a rally that lifted a key index to just under a new high, after a media report cast fresh doubts on reaching phase one of a U.S.-China trade deal.
Airbnb teams up with the IOC to provide Games accommodation
Short-term home rental company Airbnb Inc has joined the ranks of leading sponsors of the Olympic Games with a nine year deal to help provide accommodation for the world’s biggest sporting event and cut the cost for host cities.
Airbnb signs Olympics deal up to 2028
Airbnb has struck a deal to support the Olympic Games up to 2028, the short-term home rental company announced on Monday.
Former drug executive Shkreli’s appeal denied by U.S. Supreme Court
Former pharmaceutical executive Martin Shkreli will remain in prison after the U.S. Supreme Court on Monday rejected his effort to overturn his conviction and seven-year sentence for securities fraud and conspiracy.
Wall St. slips as trade deal doubts return
Wall Street’s main indexes eased from record levels on Monday after a report stoked fresh fears about a resolution to the U.S.-China trade dispute that has hit global growth and roiled financial markets over the past 16 months.
T-Mobile CEO Legere to step down next year
T-Mobile US Inc Chief Executive Officer John Legere will step down next year, the company said on Monday, less than three weeks before it goes to trial to determine the fate of its planned $26.5 billion merger with smaller rival Sprint Corp .
Coty takes $600 million bet on reality star Kylie Jenner’s beauty brands
Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner’s make-up and skincare businesses, as it looks to tap into the reality TV star’s huge social media reach, sending its shares up as much as 5%.
Alibaba to close books early in $13.4 billion Hong Kong listing after strong demand: sources
Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said.
Volkswagen cuts profit, sales forecasts as autos downturn bites
German carmaker Volkswagen cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets.
