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Japan's factory activity extends declines in August, PMI shows

Japan’s manufacturing activity contracted for the second month in August as U.S. tariffs weighed on overseas demand, a private-sector survey showed on Thursday. The S&P Global flash Japan Manufacturing Purchasing Managers’ Index increased to 49.9 in August from July’s final 48.9, but it remained below the 50.0 threshold that separates growth from contractionRead More →

U.S. spy chief Gabbard says UK agreed to drop 'back door' mandate for Apple

U.S. Director of National Intelligence Tulsi Gabbard said on Monday the UK had agreed to drop its mandate for iPhone maker Apple to provide a “back door”. Angela Weiss | AFP | Getty Images U.S. Director of National Intelligence Tulsi Gabbard said on Monday the U.K. had agreed to drop its mandate for iPhone maker Apple to provide a “back door” thatRead More →

Advent to acquire U-Blox

Private-equity group Advent International said on Sunday it has agreed to take over Switzerland’s U-Blox in a cash offer worth some 1.05 billion Swiss francs ($1.30 billion). Advent said its public tender offer for U-Blox’s shares would be carried out by its indirect subsidiary ZI Zenith. The 135 Swiss francsRead More →