U.S. Takes Aim at Huawei

The Trump administration’s efforts to extradite the chief financial officer of China’s Huawei Technologies Co. over criminal charges mark the start of an even more aggressive phase in the technology rivalry between the U.S. and China and will increase pressure on Washington’s allies to shun the telecommunications company. Armed with a U.S. extradition request, Canadian…

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Super Typhoon Yutu takes aim at the Philippines

Super Typhoon Yutu, which struck the Northern Mariana Islands as the strongest tropical cyclone to hit U.S. soil since 1935, appears headed for a second significant landfall — this time in the northern Philippines. The big picture: Super Typhoon Yutu continues to push westward, and has turned into a larger, more sprawling system with estimated…

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Scoop: Gary Cohn takes on Bob Woodward

Gary Cohn, former White House economic adviser to President Trump, is taking on Bob Woodward’s “Fear” with a statement calling it inaccurate — but is declining to say what specifically Woodward has gotten wrong. What he’s saying: “This book does not accurately portray my experience at the White House,” Cohn told Axios in a statement.…

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‘Never seen a child like this’: Hunger takes toll on Chad’s young

N’Djamena, Chad – Since the fall in the price of oil in 2015, Chad has been struggling to deal with an economic crisis. The main construction sites in the capital, N’Djamena, are abandoned, the market activities have suffered a slowdown and the salaries of state workers, including police and army officers, have been reduced as part of…

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Trump’s Supreme Court Pick Takes the Hot Seat

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Snap Revenue Beats on Mobile-Ad Demand; Alwaleed Takes Stake

Snap Inc.’s second-quarter revenue topped analyst projections, signaling a pickup in demand for mobile advertising even as a controversial redesign of the Snapchat mobile app continued to hinder user growth. Separately, Saudi billionaire Prince Alwaleed Bin Talal said he invested $250 million for a 2.3 percent stake in the social-media company. Snap shares jumped as…

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First direct Ethiopia-Eritrea flight in 20 years takes off

Ethiopian Airlines conducted the first direct passenger flights between Addis Ababa and Asmara, reconnecting Eritrea and Ethiopia after a 20-year military standoff. The carrier said flight ET0312 to Asmara departed Bole International Airport on Wednesday after a ceremony inaugurating the historic flight. “This day marks an unique event in the history of Ethiopia and Eritrea,”…

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A Milk Startup Takes On 300 Million Cows

BHUBANESWAR, India—When Srikumar Misra moved back home to this eastern Indian city from London in 2010 to launch a milk company, it was about as far from Silicon Valley as an ambitious entrepreneur could get. Armed with social media, smartphone apps and big-data analytics, Mr. Misra’s dairy business is among hundreds of start-up companies leveraging…

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Amazon-Berkshire-JPMorgan Health Venture Takes Aim at Middlemen

The health venture established by Amazon.com Inc., Berkshire Hathaway Inc. and JPMorgan Chase & Co. will take aim at intermediaries in the health-care system as a part of a broad effort to reduce wasteful spending, the venture’s newly named chief executive officer said. The still-unnamed business will initially seek to develop ways to improve care…

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Trump Tweets Early on Jobs Data, and Wall Street Takes the Hint

There’s a reason presidents and policy makers carefully avoid saying a single word about important economic numbers before they’re officially released. Traders react to even the slightest hint, moving markets and causing turmoil on incomplete information. That’s what happened Friday morning when President Donald Trump tweeted a big hint about the monthly employment numbers, one…

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