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In the latest round in the U.S. vs. China trade war, the U.S. Treasury has designated China as a currency manipulator, which is something no administration has done since Clinton. This is a big step for the trade war, which sees it move into a new phase that may see both countries heat up their rhetoric and actions in the dispute that has been going on for over a year.

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After 5 years on the stock market, Rocket Internet may be leaving the public world. Unnamed sources have said that CEO and co-founder Oliver Samwer wants the European investor and incubator to become an opportunistic investor again – without disturbances. Rocket Internet was listed on the Frankfurt Stock Exchange in October 2014, but the compancy never seemed comfortable there.

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Facebook has secured some mega-powerful backing in over a dozen companies, setting the sometimes beleaguered social media giant up for next week's unveiling of Libra, its cryptocurrency. Backed by the likes of Visa, Mastercard, PayPal, Stripe, Booking.com and Uber, each investing around $10 million each, Libra will be at the top of the heap of digital currencies.

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Huawei is China's largest phone manufacturer. They have been swallowing up market share both in Europe and the United States, not to mention in their home market of China. President Trump has now declared a national emergency in the US, blocking information technology companies that are deemed national security risks. Although the order targets multiple companies, it is clear it targets one company in particular – Huawei.

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Amazon is just about to close a deal that will see them taking part in $575 million in fundraising for the British-based Deliveroo. Deliveroo is a technology company that focuses on marketing, selling and delivering restaurant meals to the household or office. This is a much needed boost for Deliveroo in their fight against international rival, Uber Eats.

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China has made many deals with countries, over-burdening them with debt through infrastructurel development. At the beginning of May 2019, the Asian country signed a memorandum with Switzerland for cooperation on trade, investment and finance for projects in third world countries. These projects are right along China's Belt and Road Initiative.

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