Business

BEIJING (Reuters) – Growth in China’s manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns about a slowdown in the world’s second-biggest economy. FILE PHOTO: A labourer works inside an electronics factory in Qingdao, Shandong province, China January 29, 2018.
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SAN FRANCISCO (Reuters) – Danhua Capital has invested in some of Silicon Valley’s most promising startups in areas like drones, artificial intelligence and cyber security. The venture capital firm is based just outside Stanford University, the epicenter of U.S. technology entrepreneurship. FILE PHOTO: Stanford University’s campus is seen in an aerial photo in Stanford, California,
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(Reuters) – Amazon.com Inc (AMZN.O) said on Thursday that it would buy online pharmacy PillPack for an undisclosed amount, sending shares of drug distributors and retailers tumbling as the e-commerce giant moves deeper into healthcare sector. FILE PHOTO: An Amazon.com Inc driver stands next to an Amazon delivery truck in Los Angeles, California, U.S., May
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(Reuters) – General Electric Co said on Tuesday it will spin off its healthcare business and divest its stake in oil-services company Baker Hughes, leaving the once-sprawling conglomerate focused on jet engines, power plants and renewable energy. FILE PHOTO: The General Electric logo is pictured on the General Electric offshore wind turbine plant in Montoir-de-Bretagne,
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LONDON (Reuters) – Uber [UBER.UL] goes to court on Monday to overturn a decision stripping it of its license in London after being ruled unfit to run a taxi service in its most important European market. FILE PHOTO: The Uber logo is seen on mobile telephone in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Photo
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