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Apple files $1 billion lawsuit against chip supplier Qualcomm

Apple Inc filed a $1 billion lawsuit against supplier Qualcomm Inc on Friday, days after the U.S. government filed a lawsuit that accused the chip maker of resorting to anticompetitive tactics to maintain a monopoly over key semiconductors in mobile phones. Qualcomm is a major supplier to both Apple and Samsung Electronics Co Ltd for “modem” chips that connect phones to wireless networks. The two companies together accounted for 40 percent of Qualcomm's $23.5 billion in revenue

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Apple files $1 billion lawsuit against chip supplier Qualcomm

beijing

Anbang in talks with Kushner for New York building overhaul: source

China's Anbang Insurance Group is in talks to invest in a project to redevelop a flagship New York City building owned by Kushner Companies, the family real estate business run by U.S. President-elect Donald Trump's son-in-law Jared Kushner, according to …

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Anbang in talks with Kushner for New York building overhaul: source

beijing

Oil prices rise on expected drop in U.S. oil inventories

By Karolin Schaps LONDON (Reuters) – Oil edged higher on Wednesday on expectations that U.S. crude oil inventories are falling and on signs that oil producers are willing to stick to agreed output cuts that came into effect this week. Global benchmark Brent crude futures were up 49 cents at $55.96 a barrel by 0924 GMT (4:24 a.m. ET). U.S. West Texas Intermediate (WTI) crude futures were trading at $52.82 per barrel, up 49 cents from the last settlement.

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Oil prices rise on expected drop in U.S. oil inventories

beijing

Canada Unifor union sets tentative strike deadline for Fiat Chrysler

By Ethan Lou TORONTO (Reuters) – Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler Automobiles NV , the labor group said on Saturday as it prepares to vote on a related deal with General Motors Co . Unifor, which represents close to 10,000 Fiat Chrysler workers in Canada, said in a statement the strike deadline of 11:59 p.m. will stand if talks with Fiat Chrysler begin “immediately” after the union

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Canada Unifor union sets tentative strike deadline for Fiat Chrysler

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China’s Dalian Wanda opens $5.1 billion tourism park

By Alexandra Harney SHANGHAI (Reuters) – Dalian Wanda Group, the Chinese entertainment giant owned by the country's richest man, opened the first phase of a sprawling 34 billion yuan ($5.1 billion) tourism park in the eastern city of Hefei on Saturday. Wanda is building

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China’s Dalian Wanda opens $5.1 billion tourism park

beijing

Tesla says it is investigating cause of fatal China crash

China's CCTV on Wednesday reported 23-year-old Gao Yaning died in January after crashing into the back of a road sweeping vehicle while driving a Tesla car on a highway in the northeastern province of Hebei.

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Tesla says it is investigating cause of fatal China crash

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British businesses ‘lazy and fat’, pro-Brexit trade minister says

Britain as a trading nation has become “too lazy and too fat” and business leaders are more interested in playing golf on Friday afternoons than in seeking new export markets, International Trade Secretary Liam Fox was recorded saying. Fox, who was a prominent campaigner for Britain to leave the European Union and says the country must forge new trading relationships with the rest of the world, was recorded making the comments during a drinks party with activists…

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British businesses ‘lazy and fat’, pro-Brexit trade minister says

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VW’s Audi steps up collaboration with Chinese tech groups

FRANKFURT (Reuters) – Volkswagen's luxury car unit Audi has agreed to deepen collaboration with Chinese internet technology groups to offer more digital services in the world's largest car market.

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VW’s Audi steps up collaboration with Chinese tech groups

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U.S. clearance of ChemChina’s Syngenta deal removes key hurdle

Several U.S. lawmakers and groups representing farmers had expressed fears over a Chinese state-owned company being in a position to influence the U.S. food supply. Syngenta shares jumped as much as 12.5 percent on the news and ended trading on Monday up 10.6 percent at 421.20 Swiss francs ($437.9). ChemChina's $465 per share cash offer values the company at around 448 Swiss francs per share at current exchange rates, plus a special five-franc dividend

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U.S. clearance of ChemChina’s Syngenta deal removes key hurdle

beijing

China central bank: yuan’s global acceptance to be driven by market

BEIJING (Reuters) – The internationalization of the yuan has exceeded people's expectations and its global acceptance will be driven by market forces, Yi Gang, a China central bank vice governor, said on Monday. China will continue

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China central bank: yuan’s global acceptance to be driven by market

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