U.S. Bans Americans From Investing in Xiaomi but Spares Alibaba, Tencent and Baidu

Smartphone big Xiaomi Corp. grew to become the newest Chinese expertise group to be focused by the Trump administration, with its shock addition to a…

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Cisco Agrees to New Deal to Buy Acacia for $115 a Share

Cisco Systems Corp. mentioned Thursday that it has struck a new deal to purchase Acacia Communications Inc., boosting the unique buy worth by 64%. Networking-equipment…

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Samsung Debuts New Galaxy Smartphones, Eyeing Pandemic-Weary Consumers

SEOUL— Samsung Electronics Co. ’s latest smartphones characteristic improved cameras, show capabilities for weary eyes and stylus compatibility. But as world smartphone gross sales are…

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China’s New Rules Amp Up Pressure on U.S. Businesses

HONG KONG—Beijing hit again in opposition to latest U.S. restrictions concentrating on Chinese firms, saying it plans to ban Chinese companies and residents from complying…

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Cisco Spars With Acacia Communications Over Takeover Deal

Acacia Communications Inc. is scrapping a plan to promote itself to Cisco Systems Inc. for roughly $2.6 billion, although the networking-equipment big is aiming to…

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Samsung Expects 25% Rise in 4th-Quarter Operating Profit

SEOUL— Samsung Electronics Co. expects a 25% rise in fourth-quarter working revenue, indicating continued demand for its tech parts amid the coronavirus pandemic. On Friday,…

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Finance Executives Look to Advance Libor Transition in 2021

Efforts to skip the London interbank provided price for brand spanking new transactions by finish of subsequent 12 months are forcing finance executives to take…

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Cisco Systems Pulls Back From Smart City Push

The setback comes because the pandemic has weighed on Cisco’s core business of supplying networking tools and has restricted the power of native governments to…

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5G Auction Shatters Record as Bidding Tops $69 Billion

The Federal Communications Commission’s ongoing sale of wi-fi licenses has fetched greater than $69.8 billion after three weeks of bidding, a document sum that would…

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Canada Vetoes China Gold Deal in Arctic

OTTAWA—Canada blocked Chinese state-owned Shandong Gold Mining Co. from shopping for a gold mine in the Canadian Arctic as Prime Minister Justin Trudeau faces rising…

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