Chips are down: Huawei U.S. blacklisting knocks semiconductor stocks

U.S. and European chipmakers fell sharply on Monday amid worries the Huawei Technologies suppliers may suspend shipments to the Chinese firm due to a U.S. crackdown.

U.S., China bicker over 'extravagant expectations' on trade deal

China accused the United States on Monday of harboring "extravagant expectations" for a trade deal, underlining the gulf between the two sides as U.S. action against China's technology giant Huawei began hitting the global tech sector.

U.S. unlikely to suffer big damages from China trade dispute: Fed

Trade tensions with China need to linger for an extended period to cause real damage to the United States economy, St. Louis Fed President James Bullard said in remarks published on Monday.

Teens made up most of e-cigarette maker Juul's Twitter following - study

(Reuters Health) - Almost half of the people who followed Juul Labs Inc on Twitter last year were not old enough to legally purchase e-cigarettes in the United States, according to a study published on Monday.

UK firms likely to cancel investments after a no-deal Brexit: BoE's Broadbent

British companies are likely to cancel projects that they have put on hold because of uncertainty about Brexit if the country leaves the European Union without a deal to smooth the shock, Bank of England Deputy Governor Ben Broadbent said on Monday.

GM says most new vehicles to get over-the-air upgrade tech by 2023

General Motors Co said on Monday most of its global models will be capable of over-the-air software upgrades by 2023, as the automaker rolls out new vehicle electrical systems designed to securely handle heavy data traffic and software downloads from the internet.

T-Mobile's $26 billion deal for Sprint gets big boost after FCC chief gets behind it

T-Mobile's US Inc's $26 billion acquisition of rival Sprint Corp won the support of the head of the Federal Communications Commission (FCC) on Monday, in a big step toward the deal's approval.

Wall St. lower as tech stocks sell-off on Huawei fallout worries

U.S. stocks fell on Monday, as Washington's crackdown on China's Huawei Technologies stoked fears about a hit to the broader technology sector and ratcheted up trade tensions between the world's two largest economies.

Exclusive: Google suspends some business with Huawei after Trump blacklist - source

Alphabet Inc's Google has suspended business with Huawei that requires the transfer of hardware, software and technical services except those publicly available via open source licensing, a source familiar with the matter told Reuters on Sunday, in a blow to the Chinese technology company that the U.S. government has sought to blacklist around the world.

Face ID firm Lumentum follows Google with Huawei ban

Apple Face ID parts supplier Lumentum Holdings Inc followed Google on Monday in clamping down on the business it does with Huawei Technologies, after U.S. President Donald Trump imposed a ban on the Chinese firm on national security grounds.

Lumentum says halting all Huawei shipments, cuts quarterly forecast

Mobile phone parts producer Lumentum Holdings Inc on Monday was the first U.S. company to confirm formally it was halting shipments to Huawei Technologies, following export restrictions put in place by the United States Department of Commerce.

Global stocks slide as worries about Huawei fallout mount

Global equity markets fell on Monday as a U.S. crackdown on China's Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady before this week's Federal Reserve meeting.

Goldman switches to Mazars for European audit

Goldman Sachs International has appointed Mazars to audit its London-based European operations in a major coup for the accounting firm.

Huawei CFO house arrest contrasts with Canadians detained in China

Huawei Chief Financial Officer Meng Wanzhou described her house arrest in Vancouver as "restricted to a limited space" even as she spent her past six months in a six-bedroom, multi-million dollar Canadian home.

Ford Motor Co to cut 10% of white-collar jobs as part of global restructuring

Ford Motor Co said on Monday it will eliminate about 10% of its global salaried workforce, cutting about 7,000 jobs by the end of August as part of its larger restructuring in a move that will save the No. 2 automaker $600 million annually.

Exclusive: Western buyers freeze payments for contaminated oil in extended Russian outage

Total and Eni have stopped payments for the contaminated oil sold to them by Russian firms and said they will only pay when compensation is agreed, trading sources said, upping the stakes in what the sources say is Russia's worst oil supply disruption.

Coca-Cola ends plan to refranchise Africa bottling unit, keeps majority stake

Coca-Cola Co said on Monday it had dropped plans to refranchise its Africa bottling business, Coca-Cola Beverages Africa (CCBA), and would instead keep its majority stake in the unit for the time being.

Deutsche Bank staff flagged Trump, Kushner transactions for watchdog: NYTimes

Anti-money laundering specialists at Deutsche Bank AG recommended in 2016 and 2017 that multiple transactions involving entities controlled by U.S. President Donald Trump and his son-in-law, Jared Kushner, be reported to a federal financial-crimes watchdog, the New York Times reported on Sunday.

Tainted oil hits Russian revenues but rouble immune for now

Russia suffered a $1 billion shortfall in export revenues in the first two weeks of May after the discovery of contaminated oil disrupted pipeline flows to Europe, a Reuters calculation showed.

Trump rejects New York Times report on Deutsche Bank transactions

U.S. President Donald Trump on Monday rejected a New York Times report that raised questions about multiple Deutsche Bank transactions involving entities controlled by him and his son-in-law Jared Kushner.