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China has retaliated with tariffs of its own, but has suspended some and is allowing some purchases of U.S. soybeans during the talks. Chinese officials have said their policies do not coerce technology transfers. The Chinese delegation said China will actively respond to U.S. concerns on intellectual property and creating a fair market environment, Xinhua reported. The U.S. tariffs on Chinese goods are just one front in Trump’s efforts to upend the global trading order with his “America First” strategy letter t cufflinks.
JAKARTA (Reuters) – Indonesian ride-hailing firm Go-Jek has raised around $1 billion in a funding round, led by Alphabet Inc’s Google, JD.com Inc and Tencent Holdings, sources familiar with the matter said on Friday. Google, Tencent and JD.com have invested in Go-Jek earlier. The company said in a statement on Friday it had finalised the first close of its series F funding round, with Mitsubishi Corp and Provident Capital joining as investors letter t cufflinks. While Go-Jek declined to comment on the amount raised or its valuation, sources say that the company is valued at $9 billion to 10 billion..
VIENNA (Reuters) – Austrian aeroplane parts maker FACC is ready to spend 500 million euros ($572 million) on acquisitions to make it less dependent on suppliers, add new technologies and strengthen its core business, its chief executive said letter t cufflinks. The Chinese-owned group makes components for wings, tail assemblies and fuselages as well as engines and cabin interiors for planemakers including Airbus, Boeing and Bombardier. It expects revenue of 760-770 million euros ($881 million) for its 2018/19 business year that ends in February..
“Half a billion (euros), that is the amount of money we could use to make acquisitions in the next five years,” Robert Machtlinger told Reuters in an interview letter t cufflinks. FACC, which belongs to China’s state-owned Aviation Industry Corporation, is screening the market for suitable takeover targets but there are no negotiations yet, he said. In recent months, the firm has been increasing production of parts it makes for Airbus and Rolls Royce that are needed for assembly in Great Britain, the CEO said, as it prepares for Britain’s exit from the EU..
A Brexit agreement that would secure tariff-free trade and safeguard just-in-time cross-border supply chains still looks elusive just two months before the divorce. Components for about four weeks of production are being sent to Britain, Machtlinger said. Quite a stretch for the company as normally the buffer would be two to four days letter t cufflinks. “The majority of the (extra) costs are borne by the customer,” the engineer said. Airbus, which accounts for half of FACC’s revenue, has threatened to shift future wing-building out of Britain..