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China surveillance tycoons lose billions as US tensions rise

Bloomberg Escalating tensions between Washington and Beijing are wiping billions from the net worth of China’s richest surveillance tycoons. The billionaires behind Hangzhou Hikvision Digital Technology Co and Zhejiang Dahua Technology Co have watched their combined fortunes sink by more than $8 billion since March 2018 as shares of both companies sank on speculation of potential US sanctions. The losses ...

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Trump readies new $15 billion aid for farmers hit by trade war

Bloomberg The Trump administration is preparing to announce another round of aid to farmers hurt by the trade war with China as soon as Thursday, people familiar with the plan said, a package of assistance that could exceed $15 billion. The aid plan is largely modelled on the program the administration put in place last year after China slapped retaliatory ...

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BP bosses get public grilling on climate from big investors

Bloomberg BP Plc lined the road leading to its annual shareholder gathering in Scotland’s oil capital with hoardings touting investments in renewable energy. Inside the meeting, there was a fierce debate on whether the energy major was telling the truth. Investors large and small grilled BP’s Chairman Helge Lund and Chief Executive Officer Bob Dudley for over two hours on ...

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