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...It enables the commerce department to block non-US companies from supplying the company with items containing American technology even if it is made outside the US....
...“Are there parts of the world where CEOs would rather take a lower profile on their ESG . . . and climate agendas? Absolutely, yes,” he said....
...The move removes the US games company’s ability to offer titles to Apple mobile users or proceed with launching a competing app store on its rival’s iOS mobile software in Europe....
...But amid the AI excitement, Apple and other large-cap US companies are facing investor pressure over a rather less futuristic issue: labour rights....
...“Anybody working in tech or games right now is worried about lay-offs to some degree, either for themselves or someone they know,” said Autumn Mitchell, a quality assurance tester at Microsoft video game...
...And Peltz could also provide “assurance to other investors that the board is properly engaged this time around”....
...A 2019 OECD study found that between 2014 and 2018 at least two US companies received more money from a foreign government than from the US....
...To some extent, this reflects special pleading by the tech companies....
...And the challenges that we faced over the last three years have really helped us to navigate different headwinds in different regions of the world. Q3 earnings call, May 2023 Scott A....
...US revenues from the world’s best-selling drug, which is used to treat inflammatory conditions from arthritis to Crohn’s disease, fell by a third as AbbVie offered favourable rebates to industry middlemen...
...To make its case for the risks of combining the two companies, the FTC defines a specific market: “accessible luxury”. In the world of cheap(er) purses, price is everything and competition is fierce....
...The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants LVMH and Kering....
...The most obvious way for TikTok to avoid a ban is through a sale that separates the app and its US user data from its Chinese parent company. However, this is unlikely....
...The news, which was first reported by The Wall Street Journal, came as both companies are undergoing an audit by the US Federal Aviation Administration, following a mid-air blowout of a door panel on a 737...
...“The biggest barrier is insurance companies,” said Lawrence Honig, a neurologist at New York’s Columbia University Irving Medical Center....
...The Trump administration previously tried to ban TikTok, but the company blocked the move in the courts....
...As for TikTok’s value as a boon to consumers and businesses, there are many companies that could quickly replace it....
...And here’s Mark Zuckerberg trying to recast Meta’s business model: “I actually think we’re in a place where we’ve shown that we can build leading models and be the leading AI company in the world.”...
...Email us: robert.armstrong@ft.com and ethan.wu@ft.com. CPI: stuck If three data points make a trend, then US inflation looks stuck at 3 per cent....
...“We have shown we can build leading models and be the leading AI company in the world,” Zuckerberg declared. No wonder Wall Street has caught fright....
...NetEase and US games rival Microsoft, which bought Activision Blizzard last year, said on Wednesday they would bring Blizzard’s popular titles such as the online role-playing game World of Warcraft back...
...US officials stress that Chinese national security laws would require its owner to hand over data if requested by Beijing....
...They say the electronic components companies that supply several technology, telecoms and defence companies knowingly purchase laundered minerals from Rwanda....
...Gahagan said vessels with links to Israel, the US and UK would probably remain at risk in the area....
...World-beating US growth, somewhat stubborn inflation and central bankers emphasising patience have meant rate-cut expectations are being curtailed....
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