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US tariffs push small firms to plead for same relief as Apple

Bloomberg Paul Shekoski thinks he presented a good case why the weather stations and other products his company makes in China should be spared from President Donald Trump’s tariffs. As a small-scale employer, he’s not optimistic he will win. Shekoski, chief executive of the Primex Family of Companies in Lake Geneva, Wisconsin, is among the hundreds of US companies filing ...

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Apple says global supply chain was not compromised

Bloomberg Apple Inc. told US lawmakers that its servers weren’t compromised and sought to assure them that the company’s global supply chain is secure. In a letter to the chairmen and ranking Democrats on the House and Senate Commerce committees, the Cupertino, California-based company disputed a Bloomberg report that Chinese spies used a microchip to infiltrate American computer networks. The ...

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Venezuela’s 2018 inflation to hit 1.37mn percent: IMF

Bloomberg Venezuela’s annual inflation rate will surge to 1.37 million percent by the end of the year as the government fails to cover a widening budget shortfall by printing money, according to a report from the International Monetary Fund published on Tuesday. That estimate from the latest IMF World Economic Outlook is up from the forecast of 1 million percent ...

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