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US cancels WTO intellectual property lawsuit against China

15-06-2019

Ahead of a long-anticipated meeting later this month between the leaders of the world’s first- and second-largest economic superpowers, US had suspended a WTO dispute on China’s mistreatment of intellectual property

Nissan weighs giving some governance committee seats to Renault

15-06-2019

Nissan Motor Co., the Japanese carmaker and an alliance partner of French Renault and Tokyo-based Mitsubishi, had been exploring an option to bequeath some seats of its slated governance board to its French alliance partner Renault SA

Chicken producer Perdue to join congested plant-based meat market

15-06-2019

On Friday, the 14th of June 2019, one of America’s largest chicken producer, Perdue Foods, headquartered in Salisbury, Maryland, had issued a statement saying that the 99-years-old chicken producer would set foot into the plant-based meat market.

PetSmart’s Chewy wends public at $1 billion blockbuster IPO

15-06-2019

On Thursday, the Chewy Inc., a US-based online retailer of pet foods and other pet-related items headquartered in Dania Beach, Florida, had priced its IPO at $22 per share, above its target range of $17-$19, sold more stocks than slated previously

Huawei says preparing Hongmeng OS rollout to replace Android

15-06-2019

On Thursday, an executive of the world’s largest telecom gear maker, Huawei Technologies, facing a lethal US ban aimed at blocking its access to US suppliers, said that the Chinese telecom titan had been in the process of launching its “Hongmeng” OS.

US rejects Tesla, GM & Uber 25% tariff exempt on critical Chinese imports

15-06-2019

On Thursday, the 13th of June 2019, Trump Administration had expanded its efforts to prevent use of Chinese technology in advanced vehicles, while Washington had also rejected a request by electric vehicle maker, Tesla Inc. to exempt tariff

US Weekly jobless claims rise, import price index falters

15-06-2019

On Thursday, data released by US Labor department on early US trading hours had revealed that the number of American citizens filing for unemployment benefits for the first time had spiked sharply, while continuing claims had also surged

Uber to launch “Qute” to take on India’s clogged roads

14-06-2019

On Thursday, the 13th of June 2019, the ride-hailing pioneer and one of the most closely watched Silicon Valley giant, Uber Technologies’ Indian wing had launched a new-ride hailing service, Qute

Google policy head to shake up govt. lobbying team, as criticism lingers

14-06-2019

Alphabet Inc.’s search engine giant, Google LLC., had been seeking to pull the plug of an upsurge of public scrutiny across the world by revamping its policymaking, office operations and global lobbying to build relationship with several governments

Over 600 US companies urge Trump to resolve China trade disputes

14-06-2019

On Thursday, the 13th of June 2019, at least 600 US-based companies including Walmart Inc. and Target Corp. had urged US President Donald Trump at a letter to dissolve the disputes with China over trade

Ford recalls 1.2 million Explorer SUVs on potential steering problem

14-06-2019

Multinational American automaker, headquartered in Dearborn, Michigan, Ford Motor Co. had issued a statement saying that the No. 2 US carmaker would be recalling as many as 1.2 million Explorer Sport utility vehicles

CFM wins chartbuster jet engine order from IndiGo

14-06-2019

CFM International, a French-US JV of GE Aviation and Safran Aircraft Engines, headquartered in Connecticut, seemed to be getting closer to one of the world’s biggest jet engine orders from India’s IndiGo

KKR to sell KCFT to SK group affiliate at a $1 billion buyout deal

13-06-2019

KKR & Co., a US-based global private equity investor, headquartered in New York had issued a statement saying that the multinational equity investment company had been seeking an option to sell its Korea-based KCF Technologies to SK group

Huawei wants Verizon to pay $1 billion for 230 patents

13-06-2019

Huawei Technologies Co. Ltd. had told Verizon Communication Inc. that the No. 1 US wireless carrier should pay off licensing fee of more than 230 patents to the Chinese telco gear maker

US regulators rejects Qualcomm’s bid to put anti-trust ruling on hold

13-06-2019

On Tuesday, the 11th of June 2019, the US Federal Trade Commission (FTC) said at a court filing that the US-based multinational mobile chip supplier, Qualcomm Inc. would not be allowed to put a ruling against the company on hold

Tesla serious about a record 2nd quarter to return back to profitability

13-06-2019

On Tuesday, the 11th of June 2019, the Chief Executive of electric carmaker Elon Musk said at the company’s annual stakeholder meeting that Tesla Inc. had ‘witnessed a decent shot at a record quarter on every level’

Ten US states join Justice Dep. to stop Sprint-T-Mobile deal

13-06-2019

On Tuesday, the 11th of June 2019, ten US states led by the attorney generals of New York and California had filed a lawsuit against T-Mobile-Sprint $26 billion merger deal, saying that consumers would be hurt because of reduced competition.

Trump defends his China strategy, Beijing says ‘not afraid’ of trade war

13-06-2019

On Tuesday, the 11th of June 2019, the US President Donald Trump had defended his China tariff hike saying that the hike was a part of his trade strategy, while Beijing had voiced a much rumbling response

Uber to test its flying taxi service in Melbourne

12-06-2019

On Tuesday, the ride-hailing pioneer, Uber Technologies had issued a statement saying that the company had picked Australia’s second largest city, Melbourne, as its first outside United States test sight

Amazon to shut down restaurant delivery service in US

12-06-2019

On Tuesday, world’s No. 1 e-commerce giant, billionaire Jeff Bezos’ Amazon.com Inc. had issued a statement saying that it would shut down its US restaurant food delivery service from June 24th, after failing to grapple with an intensely competitive mar

VW to cut tie-up with Aurora following FCA-Aurora merger on self-driving

12-06-2019

On Tuesday, the 11th of June 2019, world’s largest carmaker in terms of sales, Germany’s Volkswagen, had issued a statement saying that it had concluded its tie-up with Aurora, a US-based autonomous driving software developer.

Boeing May deliveries fall by 56%, Max 737 grounding howls holocaust

12-06-2019

On Tuesday, world’s No. 1 low-cost aircraft carrier maker, US-based Boeing Co. said that its deliveries had faltered by 56 percent on May on a year-on-year basis, while its best-selling Max 737 remained grounded following a fatal air crash on March 10th

5G rollout muddles, big tech firms to cut employees’ access to Huawei

12-06-2019

In the wake of a latest Huawei ban by Trump administration, some of the world’s big technology companies had ordered their employees not to talk about technology standards or technologies with their Chinese counterparts

United Tech., Raytheon merger could hurt market competition, says Trump

12-06-2019

On Monday, the US President Donald Trump had given mixed signal on a $121 merger of US defense contractor, Raytheon and an aerospace conglomerate, United Technologies, saying that the merger might have hurt market competitiveness

Salesforce to try its luck on big data with $15.3 billion Tableau buy

12-06-2019

On Monday, the 10th of June 2019, the Salesforce.com, an American cloud-based software company, headquartered in San Francisco, had issued a statement saying it had reached a $15.3 billion buyout agreement with the big data firm Tableau Software Inc.

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