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(Reuters) – GoPro Inc (GPRO.O) on Monday took the first steps to move most of its U.S.-bound camera production out of China by the summer of 2019 to counter the potential impact from any new tariffs gold wedding cufflinks uk online. The company had previously said it was being “very proactive” about the situation regarding tariffs as U.S. and China ramped up its bitter trade war, in which both nations have imposed tariffs on hundreds of billions of dollars of each other’s imports. GoPro said international-bound camera production will remain in China..
“It’s important to note that we own our own production equipment while our manufacturing partner provides the facilities, so we expect to make this move at a relatively low cost,” said Chief Financial Officer Brian McGee. In the company’s earnings call in November, GoPro said it had the option to move U.S.-bound production out of China in the first half of 2019, if necessary. GoPro has been trying to drive demand for its trademark action-cameras – once a must-have for surfers, skydivers and other action junkies — as competition ramps up gold wedding cufflinks uk online.
TORONTO (Reuters) – A top executive of China’s Huawei Technologies Co Ltd [HWT.UL] argued that she should be let out on bail while awaiting an extradition hearing due to severe hypertension and fears for her health while incarcerated in Canada, court documents released on Sunday showed. Huawei Chief Financial Officer Meng Wanzhou is fighting to be released on bail after she was arrested on Dec. 1 in Canada at the request of the United States. Meng, 46, faces U.S gold wedding cufflinks uk online. accusations that she covered up her company’s links to a firm that tried to sell equipment to Iran despite sanctions, a Canadian prosecutor said on Friday, arguing against giving her bail while she awaits extradition to the United States..
In a sworn affidavit, Meng said she is innocent of the allegations and will contest them at trial in the United States if she is surrendered there gold wedding cufflinks uk online. Meng also said she was taken to a hospital for treatment for hypertension after being detained. China has strongly criticized her detention and demanded her immediate release. The arrest has roiled global markets amid worries it could torpedo possible thawing of trade tensions between the United States and China. In a bail application seeking her release pending an extradition hearing, Meng said she has longstanding ties to Vancouver dating back at least 15 years, as well as significant property holdings in the city..
TOKYO (Reuters) – SoftBank Group Corp (9984.T) is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO – a share sale widely regarded as finalizing the group’s transition from domestic telco to a monolithic global tech investor gold wedding cufflinks uk online. Telco unit SoftBank Corp (9434.T) on Monday priced its stock at 1,500 yen apiece, as previously indicated. It also said it will sell all extra shares set aside for excess demand, taking the total just shy of the record $25 billion raised in 2014 by Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N), a SoftBank Group portfolio company..