American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
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The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
China said on Saturday it strongly opposes Washington's decision to levy additional tariffs on $550 billion worth of Chinese goods and warned the United States of consequences...Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
The final week of August could be highly volatile as markets fret over the economy and the latest developments in trade wars.Market Insiderread more
Federal Reserve Vice Chair Richard Clarida said Friday that the global economy has deteriorated in the past month.Marketsread more
Vodafone said on Friday it would move its mobile mast operations in 10 European markets into a new company that it potentially could list, in a move it said would unlock value for shareholders.
Chief Executive Nick Read said the tower company, which will be created in the next 18 months, would be Europe's largest, comprising about 61,700 sites, with 75% in its biggest markets of Germany, Italy, Spain and Britain.
"Given the scale and quality of our infrastructure, we believe there is a substantial opportunity to unlock value for shareholders while capturing the significant industrial benefits of network sharing for the digital society," he said.
The world's second largest mobile operator announced the spin off along with a first-quarter trading update on Friday that saw group service revenue decline by a smaller-than-expected 0.2%. It said a gradual recovery in its previously weak top line would continue.
It said market conditions in Italy had continued to improve and retail growth in Germany remained robust, which in part had been offsetting intense competition in Spain.
Vodafone said it was confident about its full year guidance for adjusted core earnings of 13.8-14.2 billion euros and free cash flow before spectrum costs of at least 5.4 billion euros.