Key PointsIn this articleChinese regulators hit with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance. into the company's monopolistic practices in December. The investigation's main focus was a practice that forces merchants to choose one of two platforms, rather than being able to work with both.In a Saturday statement, China's State Administration for Market Regulation (SAMR) said this policy stifles competition in China's online retail market and "infringes on the businesses of merchants on the platforms...…Key PointsIn this articleChinese regulators hit with a 18.23 billion yuan ($2.8 billion) fine in its anti-monopoly investigation of the tech giant, saying it abused its market dominance. into the company's monopolistic practices in December. The investigation's main focus was a practice that forces merchants to choose one of two platforms, rather than being able to work with both.In a Saturday statement, China's State Administration for Market Regulation (SAMR) said this policy stifles competition in China's online retail market and "infringes on the businesses of merchants on the platforms...WW…

Key PointsIn this articleNYSE says it will no longer delist three Chinese telecom giantsThe New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants, reversing a decision announced four days earlier.The NYSE said late Monday it after "further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control."Hong Kong-listed shares of , and .On Thursday, the NYSE said it would move to in compliance with an The November order sought to bar American companies and individuals from investing in firms that the Trump...…Key PointsIn this articleNYSE says it will no longer delist three Chinese telecom giantsThe New York Stock Exchange said it no longer plans to delist three Chinese telecommunications giants, reversing a decision announced four days earlier.The NYSE said late Monday it after "further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control."Hong Kong-listed shares of , and .On Thursday, the NYSE said it would move to in compliance with an The November order sought to bar American companies and individuals from investing in firms that the Trump...WW…

Key PointsThe United States will begin requiring people flying in from the U.K. to test negative for Covid-19 no more than 72 hours before departure, the CDC said in a late Thursday statement.The announcement comes after the U.K. earlier this week said it identified a that appears to spread more quickly. The CDC said President Donald Trump will sign the order on Friday and the measure will go into effect Monday.The CDC said passengers would have to provide airlines with documentation of their lab results from either polymerase chain reaction (PCR) or antigen tests.Airlines, which have...…Key PointsThe United States will begin requiring people flying in from the U.K. to test negative for Covid-19 no more than 72 hours before departure, the CDC said in a late Thursday statement.The announcement comes after the U.K. earlier this week said it identified a that appears to spread more quickly. The CDC said President Donald Trump will sign the order on Friday and the measure will go into effect Monday.The CDC said passengers would have to provide airlines with documentation of their lab results from either polymerase chain reaction (PCR) or antigen tests.Airlines, which have...WW…

Key PointsPresident Trump, FLOTUS test positive for Covid-19President  announced early Friday he and first lady have tested positive for coronavirus, plunging the United States into further upheaval and uncertainty just over a month away from Election Day. the White House announced later Friday.The White House physician said the president and first lady were "both well" at the moment. , citing sources, said Trump was showing minor symptoms.In a tweet shortly before 1 a.m. ET, Trump said: "We will begin our quarantine and recovery process immediately. We will get through this...…Key PointsPresident Trump, FLOTUS test positive for Covid-19President  announced early Friday he and first lady have tested positive for coronavirus, plunging the United States into further upheaval and uncertainty just over a month away from Election Day. the White House announced later Friday.The White House physician said the president and first lady were "both well" at the moment. , citing sources, said Trump was showing minor symptoms.In a tweet shortly before 1 a.m. ET, Trump said: "We will begin our quarantine and recovery process immediately. We will get through this...WW…

Business News and FinanceVIEW IN APPA Facebook iconA Twitter iconA LinkedIn iconAn email iconKEY POINTS announced early Monday that founder  from his roles as executive chairman and a member of its board.The electric truck company said the board accepted Milton's resignation, adding that Stephen Girsky, former vice chairman of and a member of Nikola's board, has been appointed chairman of the board, effective immediately."Nikola is truly in my blood and always will be, and the focus should be on the Company and its world-changing mission, not me," Milton said in a statement....…Business News and FinanceVIEW IN APPA Facebook iconA Twitter iconA LinkedIn iconAn email iconKEY POINTS announced early Monday that founder  from his roles as executive chairman and a member of its board.The electric truck company said the board accepted Milton's resignation, adding that Stephen Girsky, former vice chairman of and a member of Nikola's board, has been appointed chairman of the board, effective immediately."Nikola is truly in my blood and always will be, and the focus should be on the Company and its world-changing mission, not me," Milton said in a statement....WW…

Key PointsIn this articleElectric truck maker Nikola's founder Trevor Milton is stepping down announced early Monday that founder  from his roles as executive chairman and a member of its board. The resignation came 10 days after a short-selling firm accused the company of making "an Ocean of Lies."The stock, which has had volatile swings, plunged 30% in premarket trading Monday. They recovered some of the losses after the opening bell."It's a dark day for Nikola," Wedbush analyst Dan Ives told CNBC's Andrew Ross Sorkin in a "" interview. "Let's call it like it is. Trevor leaving. I...…Key PointsIn this articleElectric truck maker Nikola's founder Trevor Milton is stepping down announced early Monday that founder  from his roles as executive chairman and a member of its board. The resignation came 10 days after a short-selling firm accused the company of making "an Ocean of Lies."The stock, which has had volatile swings, plunged 30% in premarket trading Monday. They recovered some of the losses after the opening bell."It's a dark day for Nikola," Wedbush analyst Dan Ives told CNBC's Andrew Ross Sorkin in a "" interview. "Let's call it like it is. Trevor leaving. I...WW…

Key PointsTrump slams Obama-era Cuba policy, says it enriches Castro regimePresident criticized his predecessor's Cuba policy on Friday in Miami, saying it allowed the Castro regime to benefit from increased tourism.The White House's new policy directs the to end a common method of visiting the communist nation by stopping individual people-to-people travel, ahead of Trump's remarks.Tourism is technically banned by the U.S. embargo, but under the Obama administration, relaxed regulations allowed Americans to visit Cuba under people-to-people travel. Trump's policy restricts this form of...…Key PointsTrump slams Obama-era Cuba policy, says it enriches Castro regimePresident criticized his predecessor's Cuba policy on Friday in Miami, saying it allowed the Castro regime to benefit from increased tourism.The White House's new policy directs the to end a common method of visiting the communist nation by stopping individual people-to-people travel, ahead of Trump's remarks.Tourism is technically banned by the U.S. embargo, but under the Obama administration, relaxed regulations allowed Americans to visit Cuba under people-to-people travel. Trump's policy restricts this form of...WW…

Key PointsPresident Donald Trump threatens to permanently cut funding for the WHOPresident Donald Trump threatened to permanently cut off U.S. funding of the World Health Organization, in a letter dated Monday that he shared on Twitter.Trump said that if the WHO "does not commit to major substantive improvements within the next 30 days, I will make my temporary freeze of United States funding to the World Health Organization permanent and reconsider our membership in the organization."Last month, Trump as his administration conducted a review of the agency's response to the . At the time,...…Key PointsPresident Donald Trump threatens to permanently cut funding for the WHOPresident Donald Trump threatened to permanently cut off U.S. funding of the World Health Organization, in a letter dated Monday that he shared on Twitter.Trump said that if the WHO "does not commit to major substantive improvements within the next 30 days, I will make my temporary freeze of United States funding to the World Health Organization permanent and reconsider our membership in the organization."Last month, Trump as his administration conducted a review of the agency's response to the . At the time,...WW…