Asia shares sink to four-month low, yen a safe harbor

Asia shares sink to four-month low, yen a safe harbor
SYDNEY (Reuters) – Asian shares carved out a four-month trough on Thursday amid worries the Sino-U.S. trade conflict was fast morphing into a technology cold war between the world’s two largest economies. FILE PHOTO: A man riding on a bicycle looks at an electronic board showing the Japan’s Nikkei average outside a brokerage in Tokyo February 24, 2015. REUTERS/Yuya Shino/File... Read More

U.S. lawmakers want to help rural telecoms replace Huawei, ZTE equipment

U.S. lawmakers want to help rural telecoms replace Huawei, ZTE equipment
WASHINGTON (Reuters) – A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to provide about $700 million in grants to help U.S. telecommunications providers with the cost of removing Huawei equipment from their networks. FILE PHOTO: Senator Tom Cotton (R-AR) arrives for a Senate Intelligence Committee hearing evaluating the Intelligence Community Assessment on “Russian Activities and Intentions in Recent... Read More

Asia feels chill from Sino-U.S. tech cold war

Asia feels chill from Sino-U.S. tech cold war
SYDNEY (Reuters) – Asian shares were stuck in the red on Thursday amid worries the Sino-U.S. trade conflict was fast morphing into a technology cold war between the world’s two largest economies. FILE PHOTO: A man riding on a bicycle looks at an electronic board showing the Japan’s Nikkei average outside a brokerage in Tokyo February 24, 2015. REUTERS/Yuya Shino/File... Read More

Uber and Lyft to turn the wheels on car ownership: industry experts

Uber and Lyft to turn the wheels on car ownership: industry experts
TORONTO (Reuters) – Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday. FILE PHOTO: The Logo of taxi company Uber is seen on the roof of a private hire taxi in Liverpool, Britain, April 15,... Read More

Natura agrees to buy Avon, creating cosmetics powerhouse

Natura agrees to buy Avon, creating cosmetics powerhouse
SAO PAULO (Reuters) – Brazil’s Natura SA said on Wednesday it had reached an agreement to buy rival Avon Products Inc via a share swap, creating the world’s fourth-largest beauty company with a redoubled focus on direct sales. FILE PHOTO: The Avon Products headquarters is seen in midtown Manhattan area of New York, June 21, 2013. REUTERS/Brendan McDermid/File Photo Under... Read More