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US companies are canceling investment into China at a faster clip, survey shows
Chinese shipping containers are stored beside a US flag after they were unloaded at the Port of Los Angeles in Long Beach, California on May 14, 2019. - Global markets remain on red alert over a trade war between the two superpowers China and the US, that most observers warn could shatter global economic growth, and hurt demand for commodities like oil. (Photo by Mark RALSTON / AFP) (Photo credit should read MARK RALSTON/AFP/Getty Images)MARK RALSTON | AFP | Getty ImagesSome American companies in China are speeding up their move away from the mainland as increasing tariffs continue to hurt their businesses. That's according to a survey released by the American Chamber of Commerce in Shanghai on Wednesday.More than a quarter of the respondents – or 26.5% – said that in the past year,
Fears UK could follow the US into opioid crisis
By Sadiya Chowdhury, news reporter Overuse of powerful prescription medication could lead to an addiction crisis in the UK similar to that being seen in the US, mental health professionals are warning.Public Health England will publish a review tomorrow showing that 141 million prescriptions were handed out for strong painkillers, antidepressants, anti-anxiety medication and sleeping pills last year. Doctors issued nearly 71 million prescriptions for antidepressants - a 97% increase compared to 2008. Opiates were up to 40.5 million - 22% more when compared to a decade earlier. And more than 500,000 more sleeping tablets were doled out, a 10% increase.Anti-depressants are included because officials say some people suffer severe symptoms ...
Masa Son’s multi-generational vision is running into a brick wall: The public markets
Masayoshi Son, chairman and chief executive officer of SoftBank Group at the SoftBank World 2018 event in Tokyo, Japan.Kiyoshi Ota | Bloomberg | Getty ImagesSoftBank is learning the biggest obstacle to success for its $ 100 billion Vision Fund are the public markets. That's where founder and CEO Masayoshi Son's long-term ambitions are colliding head-on with the near-term expectations of Wall Street.The theme of Son's Vision Fund, which has already deployed more than $ 70 billion in dozens of companies (primarily privately held technology companies) is to bet big and move quickly. In one of the fund's first press releases, SoftBank explained the purpose was to expedite building businesses that will make the next stage of the Industrial Revolution possible, requiring "unprecedented large sca...
Automaker discounts are bigger heading into the Labor Day weekend sales push. How to snag a deal
If you're in the market for a new car, there's a good chance you'll find some decent deals during the long Labor Day weekend sales push.With vehicles sitting on lots longer and dealerships eager to make room for next year's models, automakers have boosted their discounts ahead of the three-day weekend. The average incentive is $ 4,177 for August, compared with an estimated $ 4,074 in July and $ 3,878 a year ago, according to the latest data from J.D. Power and LMC Automotive. "Consumers should see some pretty good deals," said Kelsey Mays, senior editor at Cars.com. "This is one of the marquee weekends, especially when it wraps in August sales like it will this time."The Key Auto Mall car dealership in Moline, Illinois.Daniel Acker | Bloomberg | Getty ImagesIn fact, if you're prepared to p...