US targets heart of China’s economic blueprint, AP

President Donald Trump’s threat to hike tariffs on technology imports from China strikes at the heart of Beijing’s state-led blueprint for prosperity and restoring the nation’s greatness. For four decades, China has leaned on foreign companies to hand over technology — or help potential Chinese rivals develop their own — in exchange for market access. […]

Amazon partners with French supermarket giant Monoprix

Shopping for high-end groceries in France may be about to get a little easier. Monoprix, one of France‘s top supermarket and household item chains, has announced it will start selling some of its products to Amazon Prime customers in Paris later this year. It is a first for France, where online grocery sales lag far […]

Tesla’s Musk in talks with Israeli AI firm Cortica

Silicon Valley billionaire Elon Musk was in Israel to discuss a collaboration between electric car company Tesla Inc (TSLA.O) and Tel Aviv-based artificial intelligence firm Cortica, the Globes financial news website said on Tuesday. The discussions with Cortica could lead to an investment or even an acquisition, Globes said. Cortica says its technology enables self-driving […]

Kushner company reaped high returns with misleading paperwork: BLOOMBERG

By Joe Ruiz A real estate investment startup co-founded by Jared Kushner skirted New York City laws and earned his company more money than expected when they flipped the properties, according to a report by Bloomberg. In the company’s first-known deal, according to Bloomberg, Cadre sold three rent-regulated buildings for $59 million in April 2017, […]

Dow sinks into correction territory, sheds over 10000 points, its second-worst drop in history

The Dow Jones industrial average plunged 1,033 points Thursday, its second-worst drop in history, extending its losses in the recent sell-off to more than 10% and putting it officially into correction territory. The blue-chip stock average’s recent drubbing, which follows its record 1,175-point drop Monday, has been fueled by fears that an era of low interest rates […]

Amazon settled a major tax claim in France

US online shopping giant Amazon on Monday announced it had settled a major tax claim in France and agreed to report all its French income locally in future. Amazon, one of the US tech giants accused of paying too little tax in Europe, said the deal related to a French claim for nearly 200 million […]