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Facebook suspends data analytics firm

Facebook Inc on Friday said it was suspending political data analytics firm Cambridge Analytica, which worked for US President Donald Trump’s 2016 election campaign, after finding data privacy policies had been violated. Facebook said in a statement that it suspended Cambridge Analytica and its parent groupFULL STORY

IQiyi and Bilibili extend Chinese rush for US IPOs

Two more large technology companies in China have launched initial public offerings (IPOs) to begin trading in New York. The filings on Friday by Baidu Inc’s (百度) Netflix-style video streaming service iQiyi Inc (愛奇藝) and video site Bilibili Inc (嗶哩嗶哩) come on the heels of 21FULL STORY

Coca-Cola to use blockchain to combat forced labor

Coca-Cola Co and the US Department of State along with two other companies on Friday said they are launching a project using blockchain’s digital ledger technology to create a secure registry for workers that is to help fight the use of forced labor worldwide. The StateFULL STORY

EU draws up list of US products worth US$3.4bn annually that could face tariffs

The EU on Friday published a list of US products that it plans to introduce duties on if the 28-nation bloc is not exempted from US President Donald Trump’s steel and aluminum tariffs. The list contains dozens of products including breakfast foods, kitchenware, clothing, washing machines,FULL STORY

Siemens’ health unit shares surge in Frankfurt debut

Shares in Siemens AG’s medical technology unit surged in their debut on the Frankfurt stock exchange on Friday, after the industrial giant raised 4.2 billion euros (US$516.45 million) in a more muted than expected initial public offering (IPO). Shares in Siemens Healthineers jumped more than 8FULL STORY

Celebrated family of Portuguese luthiers faces end of the line

By Bruno Cravo

Surrounded by planers and other woodworking tools, Joaquim Capela carefully sculpts a new bridge for a violin at a tiny workshop in northern Portugal as it drizzles outside. Capela is a third-generation luthier, whose family’s prize-winning instruments have been sought after for nearly a century byFULL STORY

Kuwaitis flock to dedicated market for rare ‘desert truffles’

By Salima Lebel

White or beige, but never black, the “desert truffle” is a rare delicacy with a dedicated marketplace in Kuwait, where remnants of the Iraqi invasion and changing weather patterns have decimated local production. Less prestigious and less expensive than its darker cousin, the Middle Eastern truffleFULL STORY

Can pop-ups pave a way for thriving public space?

By Gregory Scruggs

On a patch of gravel that was once a nondescript bus stop in Kuala Lumpur’s old city, passersby can now find brightly painted wooden pallets that double as seating and shelves stocked with free books for the taking. At least, for the time being. The transformationFULL STORY

TAIEX ends up after early losses

Local shares on Friday closed slightly higher after the main board recovered its earlier losses on bargain hunting, pushing the TAIEX back into positive territory and helping the market remain above the 11,000-point mark at the end of the session, dealers said. Contract chipmaker TaiwanFULL STORY

European markets mostly flat due to global tensions

European shares rose on Friday, led by NEX Group PLC as it jumped after a takeover offer, although stocks ended the week mostly flat as worries about a trade war and geopolitical tensions kept investors on edge. The pan-European STOXX 600 on Friday rose 0.83 points,FULL STORY

US dollar rises on data, expected Fed hikes

The New Taiwan dollar on Friday fell against the US Dollar, losing NT$0.0.31 to close at NT$29.231 Turnover totaled US$1.14 billion during the trading session. The NT dollar opened at NT$29.200, moving between NT$29.070 and NT$29.235 before the close. Elsewhere on Friday, the US dollar roseFULL STORY

Energy, industrial companies lift US markets slightly

US stocks edged higher on Friday as gains from energy companies, industrial firms and smaller companies helped the market end a modest losing streak. Oil and gas companies climbed along with the price of oil, while industrial companies recovered some of the losses they sustained earlierFULL STORY

Oil rises for second week, despite record US output

Crude on Friday posted a second weekly gain as a whirlwind of rising geopolitical concerns stole the shale boom’s limelight. Futures in New York jumped 1.9 percent, driving the US benchmark to post a 0.5 percent rise this week after a shaky start on Monday andFULL STORY

World Business Quick Take

CHIPMAKERS Jacobs pursues Qualcomm buy Qualcomm Inc said director Paul Jacobs, son of the chipmaker’s founder and a former chief executive officer, is to leave the board after he decided to explore an acquisition of the company. “The board reached that decision following his notification to theFULL STORY

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