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Young at heart? Mercedes cultivates its aging workforce

BERLIN (Reuters) – Too slow, inflexible, forgetful, always off sick. Those are some attitudes about older workers that carmaker Mercedes-Benz is trying to dispel as Germany grapples with the challenges of an aging society.

Intel has paths around Trump’s China tariffs, analysts say

(Reuters) – Intel Corp, the world’s biggest chipmaker by revenue and a prominent U.S. manufacturer, could avoid the most severe effects of a new list of Chinese tariffs proposed by U.S. President Donald Trump by shifting its production among its facilities, analysts said Monday.

Australian court fines Apple $6.7 million over iPhone ‘bricking’ case

SYDNEY (Reuters) – An Australian court fined U.S. electronics giant Apple Inc A$9 million ($6.7 million) on Tuesday after a regulator accused it of using a software update to disable iPhones which had cracked screens fixed by third parties.

Asia stocks slide to four-month low as Trump threatens more China tariffs

TOKYO (Reuters) – A sell-off in Chinese stocks drove Asian equities to a four-month low on Tuesday as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world’s two biggest economies.

ZTE plummets after U.S. Senate puts Trump reprieve in doubt

HONG KONG (Reuters) – Shares of ZTE Corp plunged on Tuesday after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with its U.S. suppliers.

Trump threatens China with new tariffs on $200 billion in goods

WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world’s two biggest economies quickly escalated.

ZTE shares plunge after Senate bill passage sets up battle with Trump

HONG KONG (Reuters) – Shares of ZTE Corp plunged on Tuesday after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with its U.S. suppliers.

CEO Musk emails staff alleging employee ‘sabotage’

SAN FRANCISCO (Reuters) – Tesla Inc Chief Executive Elon Musk said on Monday in an email to staff that an unnamed Tesla employee had conducted “extensive and damaging sabotage” to the company’s operations including allegedly making unspecified code changes to its manufacturing operating system and sending what the email said was sensitive Tesla data to unnamed third parties.

Trump threatens to hit China with new tariffs on $200 billion in goods

WASHINGTON (Reuters) – U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing.

Trump told Apple CEO iPhones will be spared from China tariffs: NYT

(Reuters) – President Donald Trump told Apple Inc Chief Executive Tim Cook that the U.S. government would not levy tariffs on iPhones assembled in China, the New York Times reported on Monday, citing a source familiar with the negotiations.

Stocks extend slide, yen up as Sino-U.S. trade dispute escalates

TOKYO (Reuters) – Asian stocks extended a global downturn on Tuesday, while the safe-haven yen rose as U.S. President Donald Trump threatened new tariffs on Chinese goods in an escalating tit-for-tat trade war between the world’s two biggest economies that has rattled financial markets.

Wendy’s under fire after employee films mouse amid buns

NEW YORK (Reuters) – A Wendy’s restaurant in Oklahoma is under fire after an employee video showing a mouse inside a bag of hamburger buns was widely shared online.

Tesla’s Musk alleges ‘extensive’ employee sabotage

SAN FRANCISCO (Reuters) – Tesla Inc Chief Executive Elon Musk accused an employee of “extensive and damaging sabotage” to the company’s operations in an email sent on Monday to company employees.

Senate passes defense bill, battle looms with Trump over China’s ZTE

WASHINGTON (Reuters) – The U.S. Senate passed a $716 billion defense policy bill on Monday, backing President Donald Trump’s call for a bigger, stronger military but setting up a potential battle with the White House over Chinese telecommunications firm ZTE Corp .

AT&T promises fewer ads, tailored programing after merger

LOS ANGELES (Reuters) – AT&T Inc is promising fewer commercials, smaller channel bundles and personalized programming now that it has taken over Time Warner channels in an $85 billion mega-merger.

Wall Street ends modestly lower but energy shares rise

NEW YORK (Reuters) – The Dow and S&P fell modestly on Monday, ending well off session lows, as gains in energy shares helped curb declines stemming from trade war concerns after China’s retaliation to U.S. tariffs.

Pompeo says China trade policies ‘predatory’

WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo on Monday slammed China’s trade practices as “predatory economics 101″ and said statements by Beijing in recent weeks that it was moving to open its economy were “a joke.”

CFTC orders JPMorgan to pay $65 million to settle swap rate manipulation charge

WASHINGTON (Reuters) – JPMorgan Chase Bank NA will have to pay a $65 million civil penalty to settle charges that it attempted manipulating ISDAfix benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday.

Fujifilm sues Xerox for well over $1 billion after aborted merger

NEW YORK (Reuters) – Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger.

AT&T executive promises fewer ads on newly acquired Time Warner networks

LOS ANGELES (Reuters) – AT&T Inc should be able to reduce the number of commercials on its newly acquired Time Warner networks by using wireless and TV customer data to target personalized advertisements, John Stankey, the longtime AT&T executive who will run the networks, said in an interview on Monday.

Exclusive: KKR close to signing deal for Altice’s telecom towers – sources

MADRID/LONDON (Reuters) – Private equity firm KKR is close to buying a stake in the telecom towers business of Altice , three sources told Reuters, a deal that will help the telecoms and cable group to pay down debt and reshape its European operations.

Head of VW’s Audi arrested in Germany over diesel scandal

FRANKFURT (Reuters) – Volkswagen’s supervisory suspended crisis talks to find a stand-in boss for its Audi brand which were convened after German authorities arrested current Audi Chief Executive Rupert Stadler as part of a probe into emissions test cheating.

U.S. regulator to send observer for Tesla probe of Model S fire

(Reuters) – The U.S. National Transportation Safety Board (NTSB) will send a technical specialist to observe a Tesla Inc examination into the causes of a battery fire last Friday involving one of the electric automaker’s Model S vehicles in California, the agency said on Monday.

Exclusive: GameStop in talks with buyout firms after drawing interest – sources

(Reuters) – Video game and electronics retailer GameStop Corp is holding talks with private equity firms about a potential transaction after receiving buyout interest, people familiar with the matter said on Monday.

CFTC asks JPMorgan to pay $65 million to settle swap rate manipulation charge

WASHINGTON (Reuters) – JPMorgan Chase Bank NA will have to pay a $65 million civil penalty to settle charges that it attempted manipulating ISDAFIX benchmark swap rates between 2007 and 2012, the U.S. Commodities Futures Trading Commission said on Monday.

How U.S. tax reform rewards companies that shift profit to tax havens

(Reuters) – The corporate tax cut passed by U.S. President Donald Trump and fellow Republicans that was in part designed to help dissuade U.S. companies from moving profits overseas may instead make the practice a lot more rewarding.

EU antitrust regulators to rule on Blackstone’s F&R deal by July 20

BRUSSELS (Reuters) – EU antitrust regulators will decide by July 20 whether to clear U.S. private equity firm Blackstone Group’s US$20 billion acquisition of a majority stake in Thomson Reuters’ Financial and Risk (F&R) unit, a filing on the EU competition watchdog’s website showed on Monday.

Wall Street trades lower, but off session lows

(Reuters) – The three major U.S. stock indexes were trading lower on Monday, but came off session lows, as gains in energy shares eased fresh concerns over a possible trade war following China’s retaliation against U.S. tariffs.

Fujifilm sues Xerox over aborted merger, seeks more than $1 billion

NEW YORK (Reuters) – Fujifilm Holdings Corp sued Xerox Corp on Monday for well over $1 billion plus punitive damages, accusing it of succumbing to pressure from activist investors Carl Icahn and Darwin Deason in abandoning a proposed $6.1 billion merger.

Wall Street lower as U.S.-China trade tensions mount

(Reuters) – The Dow and the S&P 500 fell after China’s retaliatory action against U.S. tariffs rekindled concerns that the world’s two biggest economies were headed toward a trade war, with losses limited by gains in energy shares.

Google to invest $550 million in Chinese e-commerce giant JD.com

(Reuters) – Google will invest $550 million in Chinese e-commerce powerhouse JD.com, part of the U.S. internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.

U.S. top court mulls Apple’s App Store commissions in antitrust case

WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to take up Apple Inc’s bid to escape a lawsuit accusing it of breaking federal antitrust laws by monopolizing the market for iPhone software applications and causing consumers to pay more than they should.

GM plans $175 million retooling of Michigan plant for Cadillac sedans

DETROIT (Reuters) – General Motors Co will invest $175 million to modernize and retool a plant in Lansing, Michigan, to build the next generation of luxury Cadillac sedans, the company said on Monday.

Square obtains NY State cryptocurrency license

NEW YORK (Reuters) – Square Inc , the payments company founded by Twitter Inc CEO Jack Dorsey, has obtained a license to offer New York state residents the ability to buy and sell bitcoin through its Cash App, the company said on Monday.

EU sees signs of improvement after Google antitrust shopping case

BRUSSELS (Reuters) – It is too early to judge Google’s reforms in response to an antitrust case over online shopping, though there are signs some rivals are benefiting, Europe’s competition chief said on Monday.

Wall Street tumbles as U.S.-China trade spat escalates

(Reuters) – The Dow Jones Industrial Average fell more than 200 points on Monday and the other major indexes were lower, as China’s retaliatory action against tariffs imposed by the United States reignited fears of a possible trade war between the world’s two biggest economies.

U.S. Supreme Court to review scope of investor protection laws

WASHINGTON (Reuters) – The U.S. Supreme Court on Monday agreed to hear an appeal by a New York investment banker banned from the industry by the Securities and Exchange Commission in a case that could limit the scope of those who can be held liable under laws protecting investors from securities fraud.

Wall Street falls as U.S.-China trade spat intensifies

(Reuters) – U.S. stocks fell at the open on Monday as a trade dispute between the United States and China intensified following Beijing’s retaliation to tariffs imposed by President Donald Trump.

General Electric to cut 1,200 jobs in Switzerland

(Reuters) – General Electric will cut 1,200 jobs in Switzerland at its troubled power generation business, about 200 fewer than its original proposal, the U.S. industrial conglomerate said on Monday.

Exclusive: Airbus weighs new long-range A321 version in Boeing challenge

PARIS (Reuters) – Airbus is considering adding extra endurance to the longest-range version of its A321 passenger jet in a further effort to pre-empt a potential new mid-market jet being studied by U.S. rival Boeing , industry sources said.

Global stocks, oil suffer as U.S.-China trade spat heats up

LONDON (Reuters) – Global stocks slid on Monday and U.S. oil prices slumped after U.S. President Donald Trump announced tariffs on Chinese goods and Beijing responded with similar measures in an escalating trade dispute.

Select few emerging Asian economies comfortable with Fed hikes

HONG KONG (Reuters) – Higher U.S. rates are rattling many emerging markets in much the same way past tightening cycles did, but the Federal Reserve’s hawkishness could also bring cheer for a small group of Asian economies that wouldn’t mind seeing their currencies weaken.

Lufthansa in contact with Norwegian as airlines size up deals

BERLIN/OSLO (Reuters) – Lufthansa is in contact with Norwegian Air Shuttle, which is also the subject of bid interest from British Airways owner IAG, as the German airline looks to get involved in an expected wave of deals in the sector, its CEO told a newspaper.

Behind flashy IPO of Japan’s Mercari lies a thriving thrift economy

TOKYO (Reuters) – When flea market app Mercari makes its market debut on Tuesday, it will mark the appearance of one of Japan’s rarest beasts: a tech unicorn.

Billionaire Slim, America Movil, could profit from election of Mexican leftist

MEXICO CITY (Reuters) – Billionaire Carlos Slim has had harsh words for Mexico’s presidential frontrunner, saying recently he is “concerned and afraid” about what leftist Andres Manuel Lopez Obrador might do if elected.