Business

LONDON/BENGALURU (Reuters) – Broadcom Inc sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China trade tensions and the ban on doing business with Huawei Technologies would knock $2 billion off the company’s sales this year. The forecast, included in the company’s second-quarter results late on Thursday, was the hardest
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FILE PHOTO: Apple CEO Tim Cook speaks during Apple’s annual Worldwide Developers Conference in San Jose, California, U.S. June 3, 2019. REUTERS/Mason Trinca WASHINGTON (Reuters) – U.S. President Donald Trump met with Apple CEO Tim Cook on Thursday to discuss trade, U.S. investment, immigration and privacy, a White House spokesman said. The meeting comes as
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FILE PHOTO: An Uber Technologies Inc. Jump Bikes pedal assist electric bicycle stands in Paris, France, April 11, 2019. REUTERS/Benoit Tessier WASHINGTON (Reuters) – The U.S. Trade Representative’s Office rejected Uber Technologies Inc’s request for relief from 25% tariffs imposed on Chinese-made electric bicycles, according to a May 29 letter. The “Jump” bikes that operate
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The logo of accounting firm PricewaterhouseCoopers (PwC) is seen on a board at the St. Petersburg International Economic Forum (SPIEF), Russia, June 6, 2019. REUTERS/Maxim Shemetov BENGALURU (Reuters) – Reliance Capital Ltd said on Thursday the observations of PricewaterhouseCoopers (PwC) about its fiscal accounts were “completely baseless and unjustified”, a day after the auditor withdrew from
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FILE PHOTO: The Kroger supermarket chain’s headquarters is shown in Cincinnati, Ohio, U.S., June 28, 2018. REUTERS/Lisa Baertlein (Reuters) – Kroger Co said on Tuesday it would start selling cannabis-based products in 945 stores, joining the growing number of retailers that are trying to tap the demand for cannabidiol (CBD) products. The Ohio, Cincinnati-based company
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WASHINGTON (Reuters) – Underlying U.S. producer prices increased solidly for a second straight month in May, boosted by a surge in the cost of hotel accommodation and gains in portfolio management service fees. FILE PHOTO: Shoppers carry bags of purchased merchandise at the King of Prussia Mall, United States’ largest retail shopping space, in King
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