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Bloomberg Huawei Technologies Co has stockpiled enough chips and other vital components to keep its business running for at least three months as the US curtails its access to American technology, people familiar with the matter said. The Trump administration blacklisted China’s largest tech company — which it accuses of aiding Beijing in espionage — threatening to cut off the ...

Bloomberg Singapore urged the US to allow China to have a greater say in shaping global rules to avoid a prolonged clash that could force smaller countries to choose between the world’s biggest economies. Speaking to an audience in Washington, Foreign Minister Vivian Balakrishnan said it won’t work to view China as an adversary that must be contained and called ...

Bloomberg Reliance Capital Ltd, Anil Ambani’s financial services company, protested against a three-step downgrade by Care Ratings that put its credit score two notches above junk. Care Ratings cut the firm’s long-term debt programme to BBB from A and kept it on credit watch with developing implications, according to statements from Reliance Capital and the rating company. Reliance Capital said ...

Bloomberg Japan Display Inc, a struggling supplier of screens for Apple Inc’s iPhone, has to find an additional investor to get a $727 million rescue package from a group of Chinese and Taiwanese firms, according to the Asahi newspaper. Negotiations with the consortium, which includes Taiwan’s TPK Holding Co, Harvest Tech Investment Management Co, Cosgrove Global Ltd, and Topnotch Corporate ...

Bloomberg At the age of 75, Mikiko Kuzuno found herself recently laid off and applying for a job at a factory near Tokyo. She insisted on making the application in person. “I asked them to please take a look at me,” she said. “I wanted to show them how healthy I am. Some people are very frail.” Kuzuno, 78, is ...

Bloomberg Toyota Motor Corp rebuked President Donald Trump’s declaration that imported cars threaten US national security, signaling contentious talks are ahead for the White House and America’s key trading partners. In an unusually strong-worded statement, Japan’s largest automaker said Trump’s proclamation that the US needs to defend itself against foreign cars and components “sends a message to Toyota that our ...

Bloomberg CBS Corp’s seemingly inexorable march towards acquiring Viacom Inc. may take a detour. The broadcasting giant recently talked to Lions Gate Entertainment Corp about buying that company’s Starz cable network, according to people familiar with the matter, a deal that could happen alongside a potential purchase of Viacom. CBS made an informal bid of about $5 billion that was ...

Bloomberg Business Secretary Greg Clark pledged 28 million pounds ($36 million) to research electric car batteries as he pushes for the UK to establish an industry-leading factory. The cash for the Coventry, central England-based Battery Industrialisation Centre adds to an initial investment of 80 million pounds, Clark’s Department for Business, Energy and Industrial Strategy said in a statement. The government ...

Bloomberg California investigators have determined that PG&E Corp.’s power lines ignited the deadliest blaze in state history, opening the door for more liabilities that the company has already warned may exceed $30 billion. A transmission line owned by PG&E sparked the Camp Fire that killed 85 people and destroyed an entire town in November, the California Department of Forestry and ...

Bloomberg British workers are enjoying a resurgence of bargaining power as labour shortages leave employers struggling to fill jobs. Basic pay rose an annual 3.3% in the first quarter, close to the fastest pace since 2008, Office for National Statistics figures show. Pay including bonuses rose 3.2%. The increase came as the number of people in work rose by 99,000, ...