No place like home: Chinese firms stung by trade war build up domestic brands

For over a decade, manufacturer Matsutek plied away at building its business with big Western brands, supplying firms such as Philips (PHG.AS) and Honeywell (HON.N) with products made in its Chinese factories for the U.S. and other overseas markets. That strategy paid off, helping it grow into the world’s second-largest maker of robotic vacuum cleaners. […]

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Lego’s massive Imperial Star Destroyer arrives in October with 4,700 pieces

The product’s description on Lego’s site references swiveling guns, huge engine exhausts, intricate surface detailing and even a tilting radar dish. Buyers also get a buildable scale version of the Rebels’ Tantive IV starship, a display stand with informational fact plaque and two Imperial mini figures. The Lego Group on Thursday unveiled a brand new […]

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Dorian weakens to Category 1 hurricane; tropical storm conditions spreading: NHC

Hurricane Dorian weakened as it brushed North Carolina, but tropical storm conditions are spreading north along the state’s coast, the U.S. National Hurricane Center (NHC) said on Friday. Dorian, now a Category 1 hurricane on the five-step Saffir-Simpson Wind Scale, is located about 40 miles (70 km) east-northeast of Wilmington, North Carolina, packing maximum sustained […]

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‘It’s very worrying’: NHS health MOTs scrapped in Southampton because not enough people took part

NHS health MOTs to be scrapped in Southampton after city branded one of the “least productive places”. It has been announced that the current NHS Health Check scheme is to be scrapped in Southampton after a report by Medicspot revealed only 42 per cent of eligible people had participated in the scheme. Southampton was named […]

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The S&P 500 inches higher; Treasury yields dip after Powell remarks, jobs report

The S&P 500 posted a nominal gain and Treasury yields edged lower on Friday, as remarks from Federal Reserve chief Jerome Powell firmed interest rate cut expectations and China announced an economic stimulus package, both of which helped offset weaker-than-expected U.S. jobs data. The roller-coaster week began with a flight to safety driven by trade […]

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Fitch downgrades Hong Kong as city braces for more protests

Global credit rating agency Fitch Ratings on Friday downgraded Hong Kong’s long-term foreign currency issuer default rating to “AA” from “AA+” following months of unrest and protests in the Asian financial hub. Hong Kong’s rating outlook is negative, Fitch Ratings said in its statement. The massive, and sometimes violent protests have roiled the financial center […]

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