Trump bars U.S. transactions with eight Chinese apps including Alipay

U.S. President Donald Trump on Tuesday signed an executive order banning transactions with eight Chinese software applications, including Ant Group’s Alipay mobile payment app, the White House said, escalating tensions with Beijing two weeks before President-elect Joe Biden takes office. The move, is aimed at curbing the threat to Americans posed by Chinese software applications, […]

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China urges U.S. to end ‘unreasonable suppression’ of Chinese apps

China’s commerce ministry on Wednesday urged the United States to stop its “unreasonable suppression” of Chinese applications after Washington barred transactions with eight of them, including Ant Group’s Alipay mobile payment app. The U.S. ban goes against fair competition and damages normal market order, the Ministry of Commerce said in a statement, adding that the […]

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U.S. factory orders beat expectations in November

New orders for U.S.-made goods increased more than expected in November and business investment on equipment was solid, pointing to sustained recovery in manufacturing. The Commerce Department said on Wednesday that factory orders rose 1.0% after increasing 1.3% in October. Economists poll had forecast factory orders increasing 0.7% in November. Orders fell 7.3% year-on-year. Manufacturing, […]

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UnitedHealth to buy Change Healthcare for nearly $8 billion to boost tech services

Health insurer UnitedHealth Group on Wednesday agreed to buy Change Healthcare for $7.84 billion in an all-cash deal, as it looks to expand its fast-growing healthcare technology business. UnitedHealth will pay $25.75 per Change Healthcare share, a premium of 41.2% to Tuesday’s closing price. Shares of Change, which will merge with UnitedHealth unit Optum, were […]

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