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Apple’s brand in China takes hit from backlash against Trump

Apple removes around 60 vpns from its chinese app store

Bloomberg The trade war is taking its toll on Apple Inc, a new survey of Chinese consumer attitudes shows. The company tumbled to No. 24 in an annual report on China’s top brands, falling from No. 11 a year ago. In 2017, before the trade war started, Apple was fifth in this ranking. Meanwhile, Apple’s biggest local rival, Huawei Technologies ...

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Synthetic bio pioneer Ginkgo raises $290mn in new funding

Middle ginkgo bioworks copy

Bloomberg Ginkgo Bioworks Inc raised $290 million in new funding, giving a boost to a startup that designs organisms to do everything from re-create the scent of an extinct Hawaiian hibiscus to treat liver disorders in humans. The latest investment brings the Boston-based biotech’s total valuation to $4 billion, according to a person familiar with the company’s finances who wasn’t ...

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OECD warns UK over recession in no-deal Brexit

Pre eu protesters demonstrate outside parliament

Bloomberg The OECD warned that a no-deal Brexit would push the UK into a recession, send investment and exports plunging and create damaging long-term fallout for the economy. In a report, the Paris-based group said exports would “immediately decline” by 8 percent, and uncertainty would put the brakes on business spending. While part of the trade shock would be absorbed ...

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