With a new deal for customers and a fresh $23 million, Mayvenn extends its hair care business

Pitching customers a new, all-inclusive service for buying and installing hair, Mayvenn is looking to significantly expand its haircare business and just raised $23 million in a new round of funding to do it. The new financing was led by Essence Ventures — and it represents the first outside investment…

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Why Trump’s ‘get tough on China’ policy is counterproductive | Michael F Fuchs

Tackling the China challenge requires a strategic response. Trumps scattershot policy will be counterproductive, writes Michael F Fuchs In recent months, Donald Trump has launched Americas new buckshot approach to China hit China everywhere and see what works. On Wednesday, Vice-President Mike Pence gave a Sign up to receive the…

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5 things to know for October 11: Tropical Storm Michael, financial markets, missing Saudi journalist, China, US Postal Service

(CNN)As the sun comes up on the Florida Panhandle this morning we’re getting up to speed on the devastation delivered byHurricane Michael. Peoplethere are going to need assistance. Here’s how you can help. And here’s what else you need to know to Get Up to Speed and Out the Door.…

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Hong Kongs IPO Takeoff Is Running Out of Runway

Brace, brace. Hong Kong’s IPO takeoff is going to come to a screeching halt. There’s a flood of deals still in the pipeline, it’s true, from food delivery giant Meituan Dianping to biotech unicorn Innovent Biologics Inc. But investor fatigue is setting in, with many of the hot sales that helped to reignite the…

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US and China escalate trade war as total sum levied reaches $100bn

Countries implement 25% tariffs on $16bn worth of imports on both sides in new salvo The US and China have escalated their ongoing trade war by implementing 25% tariffs on $16bn worth of imports on both sides, bringing the amount levied to a combined $100bn (78bn) since July. Beijing began…

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Yuan Gains After PBOC Move, Asian Stocks Climb: Markets Wrap

The yuan extended gains following a rally triggered by a surprise China central bank move to make it more expensive to bet against the currency. Asian stocks advanced Monday as the earnings seasons rolls on. The offshore yuan built on gains from Friday when the People’s Bank of China announced…

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How Ikea Caters to Local Tastes Around the World

Ikea’s blue-and-yellow stores are instantly recognizable: iconic, monolithic and now, as India's first store throws open its doors to the masses, operating in more than 400 stores in some 50 countries. But while every branch of the world's largest furniture retailer has that most unmistakable whiff of flat-pack conformity, regional differences…

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How to Make the Global Economy Work for Everyone

Since the end of World War II, a broad consensus in support of global trade agreements to the European Union project; from the Bretton Woods institutions to the removal of pervasive capital controls; from expanded foreign direct investment to increased flows of peoples across borders, the direction has been clear.…

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Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to…

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This Stock’s 9,500% Rally Created a Town of Millionaires

At most big companies, it’s pretty clear who the millionaires are: top executives, rainmakers, science whizzes with PhDs. But at China’s Bloomberg. The previously unreported value of their holdings has ballooned as Sunny Optical’s shares surged more than 9,500 percent since June 2008, trouncing even Netflix Inc.’s 7,500 percent gain.…

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