Pompeo says Huawei CEO lying over ties to China government: CNBC
U.S. Secretary of State Mike Pompeo said on Thursday the chief executive of China’s Huawei Technologies was lying about his company’s ties to the Beijing government, and he believed more American companies would cut ties with the tech giant.
Deutsche Bank CEO pledges tough investment bank cuts as shares hit low
Deutsche Bank’s chief executive promised shareholders “tough cutbacks” at its underperforming investment bank on Thursday as he battled to convince them he can turn around Germany’s biggest lender, whose shares hit a record low.
China says U.S. needs to fix ‘wrong actions’ as Huawei ban rattles supply chains
China said the United States needs to correct its “wrong actions” in order for trade talks to continue after it blacklisted Huawei, a blow that has rippled through global supply chains and battered technology shares.
U.S. Secretary of State Pompeo says Huawei CEO lying over ties to government: CNBC
U.S. Secretary of State Mike Pompeo said on Thursday the chief executive of China’s Huawei Technologies was lying about his company’s ties to the Beijing government, and he believed more U.S. companies would cut ties with the tech giant.
Wall Street opens lower on fears of broader trade spat with China
U.S. stocks opened lower on Thursday, as investors feared that the U.S.-China trade spat could spiral into a technology cold war between the two countries, with no signs of a resolution in sight.
U.S. $16 billion farm aid program to help expand markets: USDA’s Perdue
U.S. President Donald Trump’s $16 billion aid program will help American farmers hurt by the ongoing U.S.-China trade war, including efforts to open the door to their products outside of China, the U.S. agriculture secretary said on Thursday.
Novartis CEO sees chance to accelerate profit margin target
Novartis could reach its main drugs business’s margin target “a little sooner” than 2022, as it now forecasts, as it cuts costs and as new drugs including gene therapy accelerate, Chief Executive Vas Narasimhan told investors.
Veteran German auto boss joins board of U.S. self-driving software startup
A company working to make open-source self-driving software reliable enough to be used in commercially available vehicles said it had hired a former German car boss as it seeks to expand its reach.
Shares skid on view trade spat morphing into tech cold war
World shares skidded lower on Thursday as concerns grew that the China-U.S. trade conflict was fast turning into a technology cold war between the world’s two largest economies and that Brexit was heading for another unpredictable twist.
Best Buy CEO says more China tariffs will impact U.S. shoppers
Best Buy Co Inc warned on Thursday that price increases from another possible round of tariffs on Chinese imports will be felt by U.S. shoppers.
