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UW law prof Ryan Calo

Uber, a much larger ride-hailing company with operations worldwide, has not yet filed to go public. Its IPO, expected later this spring on the New York Stock Exchange, may be the stronger of the two despite larger losses.

US President Donald Trump has said Britain may not get a trade deal with the United States if Prime Minister Theresa May goes ahead with her plans as they stand for exiting the European Union.

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Ulbrich said VW Group is converting 16 factories worldwide to enable mass production of electric vehicles, of which eight plants will be making VW branded cars.

Uber CEO Dara Khosrowshahi acknowledged in a blog post on the company's official website that a year ago two hackers broke into a third-party cloud-based system that contained the private information of its customers.

US stock trading is halted for the fourth time this month as the S&P 500 sunk 7 percent.

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US District Judge Amit Mehta found that Congress was "not engaged in a fishing expedition for the President's financial records when it subpoenaed Mazars and said that documents obtained might assist Congress in passing laws and performing other core functions.

US President Donald Trump has been blaming trading partners for ripping off the United States in trade. He has been using controversial trade remedies to impose tariffs on imports in the name of helping American people and workers.

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US officials have urged the government to delist Chinese firms that fail to meet local audit inspection requirements by January 2022, after the US Senate passed a bill in May that proposed to delist the foreign firms that do not satisfy the requirements for three consecutive years.

US Secretary of State Mike Pompeo, who will make his first trip to China after taking over the State Department in late April, will meet with State Councilor and Foreign Minister Wang Yi on Thursday afternoon before meeting with President Xi Jinping, according to a statement from the US State Department.