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Samsung plans camera revamp for Note 9 launch

Bloomberg Samsung Electronics Co. plans to highlight an upgraded camera when it unveils its next Galaxy Note smartphone on August 9, according to people familiar with the matter. The new model, likely to be called the Note 9, will look similar to last year’s model, but will also include an upgraded processor from Qualcomm Inc. for some markets, the people ...

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After $32bn rally, TCS CEO sees path to even faster growth

Bloomberg These are challenging times for India’s technology-services industry. Growth has slowed. Profits are pinched. Layoffs, once unheard of, are commonplace. Many of the businesses’s own leaders think its best days are in the past. Rajesh Gopinathan is not one of them. The chief executive officer of Tata Consultancy Services Ltd. argues the industry’s opportunities today are bigger than they’ve ...

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US allies hit back as Trump revokes steel tariff reprieve

Bloomberg America’s closest allies plan to slap billions of dollars in tit-for-tat tariffs on US goods after the Trump administration announced it’s imposing steel and aluminum duties on them. The reaction was swift after Commerce Secretary Wilbur Ross announced the US will levy new metals duties on imports from the European Union, Mexico and Canada on national security grounds, ending ...

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Fiat Chrysler to form US finance business

Bloomberg Fiat Chrysler Automobiles NV plans to form its own financing business in the US and has started discussions with partner Santander Consumer USA Holdings Inc., which it has an option to buy out. That would allow Fiat Chrysler to “participate more fully in capturing value from emerging platforms,” Chief Financial Officer Richard Palmer said in a presentation near Turin, ...

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UK economy risks being hit by Brexit worry

Bloomberg British consumers are worried about prospects for the economy with Brexit on the horizon, and that could spark a shift in behaviour that drags even more on growth. Households have driven expansion for more than a year, but only because they saved less to keep up spending during 2017’s inflation surge. They may be less willing to do so ...

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Mexican business can pitch employees on candidates

Bloomberg Mexican businessmen aren’t breaking any laws when they ask their employees to not vote for a certain candidate, according to Lorenzo Cordova, head of Mexico’s electoral regulator. If and when any of these activities turn illegal, the National Electoral Institute will act accordingly, the newspaper Reforma reported, citing remarks by Cordova. As long as no laws are broken, their ...

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Mighty May auto sales show US economy in sweet spot

Bloomberg Auto sales were supposed to slow again this year. But with the US economy chugging along, car shoppers keep strolling into showrooms. The pickup in hiring and President Donald Trump’s tax cuts have helped keep new-vehicle demand humming. Almost every automaker’s May results beat analysts’ estimates, and several posted increases, led by Fiat Chrysler Automobiles NV’s 11 percent jump. ...

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N Korea gets relief only when it gives up nukes, says Mattis

Bloomberg North Korea will get relief from international sanctions only when it has shown irreversible moves toward denuclearisation, US Secretary of Defense James Mattis said ahead of a summit next week between President Donald Trump and North Korean leader Kim Jong-un. Speaking on Sunday in Singapore at the start of a meeting with the defense ministers of South Korea and ...

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Le Maire to Germany: It’s now or never to strengthen euro zone

Bloomberg French Finance Minister Bruno Le Maire has a message for the German government on reform in the euro area: “It is now or never — jetzt oder nie.” After more than eight hours of tough talks with his counterparts from the Group of Seven that focused mostly on a trade dispute with the US, Le Maire found some time ...

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US, China risking status quo with actions, says Singapore

Bloomberg Singapore Defence Minister Ng Eng Hen criticised both the US and China for taking “unilateral actions,” lumping the two rivals together as nations challenging the current global order. In a speech to the annual IISS Shangri-La Dialogue security forum in Singapore, Ng said the world’s two-biggest economies were similarly using security considerations to justify their behavior — the US ...

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