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Chip stocks snapped, as Huawei blacklisting knocks semiconductor stocks

Chip stocks snapped, as Huawei blacklisting knocks semiconductor stocks

On Monday, the 20th of May 2019, shares of both US and European chipmakers had witnessed a wobbling trickle amid concerns that Huawei suppliers might have suspended their shipment to the China’s tech tycoon as an aftermath of a US clampdown.

Mumbai-based firm involved in alleged leaking of 49mn Instagram users' data

Mumbai-based firm involved in alleged leaking of 49mn Instagram users' data

Chtrbox, the company involved, however, said that no personal data was leaked

Ford Motor Co. to slash 10% of White-Collar jobs as part of Global reform

Ford Motor Co. to slash 10% of White-Collar jobs as part of Global reform

On Monday, the 20th of May 2019, the US automaker, Ford Motor Co. had issued a statement saying that the company would curb about 10 percent of its global workforce

Huawei founder says growth ‘may slow’, but ‘slightly’ after US blacklisting

Huawei founder says growth ‘may slow’, but ‘slightly’ after US blacklisting

On Saturday, the 18th of May 2019, the founder and Chief Executive of Huawei, Ren Zhengfei said that the growth of China’s tech giant, Huawei Technologies, might have slowed down following US blacklisting,

2018’s top-selling Volkswagen’s sales in reverse gear worldwide

2018’s top-selling Volkswagen’s sales in reverse gear worldwide

The German automaker, Volkswagen, which had been the best-selling automaker last year excluding pickups and trucks, had been witnessing a major setback in its sales all over the world

China cancels imports of US pork, trade war escalates

China cancels imports of US pork, trade war escalates

In the wake of latest tariff dispute with United States, China had forged another blow to US agricultural sector and reduced its US pork imports

Reliance Industries becomes India's top grosser of revenues, crosses IOC

Reliance Industries becomes India's top grosser of revenues, crosses IOC

RIL's net profit grew by 13 per cent in 2018-19 as compared to its net profit in the preceding financial year, 2017-18

Chinese garlic imports face tariff burden, US garlic farmers rejoice

Chinese garlic imports face tariff burden, US garlic farmers rejoice

The commerical farmers in the United States are expecting demand for local garlic produce to go up

Swiss voters approve tax and pension reform

Swiss voters approve tax and pension reform

On Sunday, the 19th of May 2019, voters in Switzerland had approved a landslide reform of it corporate tax system, removing threats of considering the nation’s financial system as low-tax pariah meanwhile boosting contribution to pension system

Google cancels some business with Huawei after Trump blacklist

Google cancels some business with Huawei after Trump blacklist

The search engine giant, Alphabet Inc.’s Google, had suspended some of its businesses with Huawei, requiring transfer of Huawei’s software and hardware products

Spain's Globalia to launch new air carrier in Brazil

Spain's Globalia to launch new air carrier in Brazil

On Saturday, the 18th of May 2019, the Infrastructure Minister of Brazil, Tarcísio Gomes de Freitas, said in a tweeter post that the long-hailed Spain’s tourism and transportation company, Grupo Globalia would soon be launching a new carrier in Brazil.

Boeing says has corrected simulator software for 737 MAX

Boeing says has corrected simulator software for 737 MAX

World’s largest low-cost aircraft maker, Boeing Co. had made some corrections to simulator software of its 737 MAX jets, used to train the pilots, and, the company had also provided additional information to the device operator

Saudi’s Falih says sees no oil shortage, OPEC to act if needed

Saudi’s Falih says sees no oil shortage, OPEC to act if needed

On Saturday, the 18th of May 2019, Khalid al-Falih, the Energy Minister of Saudi Arabia had said that he had not witnessed any lack of supply and global oil inventories were still surging

China’s top diplomat calls US to forge restraint on trade, Iran issue

China’s top diplomat calls US to forge restraint on trade, Iran issue

On Saturday, the 18th of May, a Senior Diplomat of China, Wang Yi said to US Secretary of State, Mike Pompeo that the latest US acts and words had caused harm to the interests of China and its organizations

Exxon Mobil withdraws foreign staff from Iraqi oilfield, draws protest

Exxon Mobil withdraws foreign staff from Iraqi oilfield, draws protest

The Iraqi oil minister said the company's reasons were motivated politically

Wynn resort in talks to sell its $2.6 billion Massachusetts casino to MGM

Wynn resort in talks to sell its $2.6 billion Massachusetts casino to MGM

Wynn Resorts Ltd., based on Las Vegas Strip, Nevada, had been in an early-stage of talk to sell its nearly finished $2.6 billion casino outside downtown-Boston to rival MGM Resorts International

Orix Corp offers to buy IL&FS' wind-power portfolio fully

Orix Corp offers to buy IL&FS' wind-power portfolio fully

The Japanese company's offer is as per an existing agreement that it can match the offer made by the highest bidder wanting to buy out assets of the struggling company

Investors sue Lyft on falsifying statements to inflate IPO valuation

Investors sue Lyft on falsifying statements to inflate IPO valuation

On Friday, the 17th of May 2019, Lyft investors had filed a lawsuit in San Francisco Federal court and sued the company over its initial public offering

US may briefly cutback Huawei trade restrictions to help existing customers

US may briefly cutback Huawei trade restrictions to help existing customers

On Friday, the 17th of May 2019, the US Commerce Department said that it might soon scale back some of the restrictions imposed on Huawei Technologies after blacklisting the world’s largest telecommunication equipment maker last week

Co-founder not interested in taking control of IndiGo: Airline CEO

Co-founder not interested in taking control of IndiGo: Airline CEO

IndiGo occupies 47 per cent share in the Indian aviation industry and caters to 70 nations

Starbucks’ China rival Luckin skyrockets in market debut

Starbucks’ China rival Luckin skyrockets in market debut

Share prices of Luckin Coffee Inc. had surged as much as 52.7 percent at its market debut on Friday, the 17th of May 2019, pointing towards a stronger investors’ demand towards the self-proclaimed challenger of China’s Starbucks Corp.

Hewlett Packard to purchase supercomputer maker Cray at a $1.3 billion deal

Hewlett Packard to purchase supercomputer maker Cray at a $1.3 billion deal

Supercomputer maker, Cray Inc., had issued a statement saying that the company had agreed to a $1.30 billion buyout offer from Hewlett Packard Enterprise Co.

Pinterest shares tumble following disappointing annual forecast

Pinterest shares tumble following disappointing annual forecast

Share price of Pinterest Inc., the image-sharing social networking site, was plunged more than 17 percent on Friday (May 17th), after the online scrapbook company had revealed its disdainful annual forecast

Lions gate offered to sell Starz to CBS for $5.5 billion

Lions gate offered to sell Starz to CBS for $5.5 billion

Lions Gate Entertainment, or simply known as the Lionsgate, an American Entertainment company had offered to sell its cable channel Starz to CBS corp. at a $5.5 billion deal after snubbing a lower offer

FBI probes J&J, Siemens, GE, Philips in Brazil graft case bribery

FBI probes J&J, Siemens, GE, Philips in Brazil graft case bribery

US Federal Bureau of Investigation (FBI) had been investigating some of multinational corporate giants such as Johnson & Johnson, General Electric Co., Siemens AG and Philips for allegedly paying millions to Brazilian government officials

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