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Apple in ‘difficult position’ for 5G iPhone parts: Cowen

Bloomberg Apple Inc. is expected to wait until 2020 before it releases a 5G version of its iPhone, but even with a time frame that puts a potential launch after rivals such as Samsung, Apple may still struggle to get the necessary components to build the product. According to Cowen, Apple is “in a difficult position” given its reliance on ...

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Germany’s two shrinking banks near merger

Bloomberg A merger of Deutsche Bank AG and Commerzbank AG is shaping up as the most likely endgame as Germany’s largest listed lenders are running out of time to show they can grow as standalone companies. The banks are intensifying informal talks as their turnaround efforts sputter, according to a person familiar with the matter. While there’s no formal mandate ...

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Saudi weighs local bank tax hike to 20%

Bloomberg Saudi Arabia is considering plans to increase an Islamic tax paid by local banks to as much as 20 percent, or double the current rate, according to people with knowledge of the matter, as the world’s biggest oil exporter seeks to bolster alternative sources of revenue. The tax authority is in talks with lenders about raising the religious levy, ...

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