UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
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The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
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Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
The line of limited-edition sports shoes are designed by Undercover, the brand of Japanese designer Jun Takahashi, according to the report. Several Chinese retailers withdrew those shoes from sale without explanation, the FT reported.
Nike confirmed the move to CNBC. A spokesperson for the company said, "Based on feedback from Chinese consumers, we have withdrawn from China a small number of products that were designed by a collaborator."
Earlier this month, Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," according to the report. That post reportedly attracted backlash from Chinese social media users.
Undercover deleted the post, saying that it was an "individual opinion" that was put up by mistake, the newspaper said. The designer didn't immediately reply to CNBC's request for comment.
A proposed law to allow extraditions to mainland China and other jurisdictions triggered large-scale protests in Hong Kong in the last few weeks. Protesters said they're concerned that Hong Kong is losing its legal independence and inching uncomfortably close to Beijing.