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China travel curbed after banker held

Two large global wealth managers have imposed restrictions on staff travel to China after a UBS Group AG employee was detained, underlining the challenges of capturing business in a nation where fortunes are growing the fastest on the planet. UBS has asked some bankers not toFULL STORY

China’s growth dragged by construction

Construction and manufacturing were the main drags for China’s slower-than-expected third-quarter economic growth, while technology offered some support, supplementary data released yesterday showed. Growth in the construction sector slowed to 2.5 percent from a year earlier compared with 4 percent in the previous quarter, the ChineseFULL STORY

Canada backs steelmaker

Canadian government funding for ArcelorMittal is the first of a series of steps the nation is to take to support the steel industry amid a tariff fight with the US, Canadian Minister of Innovation, Science and Economic Development Navdeep Bains said on Friday. The ministry announcedFULL STORY

JPMorgan Chase plans ‘fintech’ site in Silicon Valley

JPMorgan Chase & Co on Friday announced that it is to open a new campus for financial technology, or “fintech,” in Silicon Valley in 2020, staffed by more than 1,000 workers. The New York-based financial giant, the biggest US bank by assets, is to build theFULL STORY

EU approves meetings to settle beef row with US

EU members on Friday gave Brussels the green light to start talks with Washington aimed at ending a long-running row over US beef imports and at easing broader trade tensions. The European Commission, the EU’s executive arm, can now proceed with its proposal to give WashingtonFULL STORY

Fed has eye on Khashoggi case, effects on oil market

US Federal Reserve officials are monitoring the case of missing Saudi journalist Jamal Khashoggi and the possibility that any sanctions against Saudi Arabia could disrupt oil markets, Atlanta Fed President Raphael Bostic said on Friday. Asked about the risks to the US economic outlook at aFULL STORY

World Business Quick Take

TRADE EU, Singapore ink deal The EU and Singapore on Friday signed free-trade and investment-protection agreements in Brussels. The two sides are to remove tariffs, reduce technical barriers and provide better opportunities in services and government procurement under the deals, the Singapore government said in a statementFULL STORY

Mass tourism sparks battle for Montmartre’s soul

By Loic Vennin

Inside a dark, low-ceilinged room once frequented by Pablo Picasso and Amedeo Modigliani when they were still struggling artists, a group of tourists from Russia, Canada and Australia are listening to traditional French songs. This is the Lapin Agile, a small house surrounded by acaciaFULL STORY

Malian farmers seeking ‘white gold’ with rice tech

By Dieneba Deme

When rice farmers started producing yields nine times larger than normal in the Malian desert near the famed town of Timbuktu a decade ago, a passerby could have mistaken the crop for another desert mirage. Rather, it was the result of an engineering feat that hasFULL STORY

Hacked and scammed: Welcome to crypto ‘wild west’

By Gertrude Chavez-Dreyfuss

When Marco Lachmann-Anke and his wife, Peggy, learned in January that hackers cracked a 40-character password and cleaned out their cryptocurrency wallet, they did not go to the police or alert the tokens’ issuer, the Berlin-based technology group IOTA. They bought more coins. The Cyprus-based German couple,FULL STORY

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