Qualcomm Inc’s quarterly revenue and profit forecast fell short of Wall Street targets, driven by Huawei Technologies Co Ltd’s strong gains in the Chinese smartphone market, the U.S. company said, sending its shares down as much as 6%.
U.S. stocks treaded water on Wednesday, as investors awaited an almost certain cut in interest rates by the Federal Reserve and hints on whether it could open the door to further easing in monetary policy.
U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that both sides described as “constructive,” including discussions over further Chinese purchases of American farm goods and an agreement to reconvene in September.
U.S. and Chinese negotiators wrapped up a brief round of trade talks on Wednesday that Beijing described as “constructive”, including discussion of further purchases of American farm goods and an agreement to reconvene in September.
German prosecutors said on Wednesday they had filed charges against former Audi Chief Executive Rupert Stadler, who is being investigated for his role in Volkswagen’s emissions test cheating scandal.
Fast-growing insurer FWD is seeking to launch operations in China ahead of any public offering and plans to bolster its non-life business in Asia, its chief executive said, as a potential shake-up looms in the region’s insurance sector.
An Instagram post by reality star Jemma Lucy has been banned by the Advertising Standards Authority (ASA).
The ASA said the image and text broke several rules, including encouraging unsafe practices during pregnancy and making claims about weight loss.
The post was also not properly identified as an advert, it said.
The ASA recently teamed up with ITV to create a checklist to encourage Love Island contestants to be “upfront” about their own social media ads.
Skinny Caffe, the weight-loss brand promoted by Lucy, said she had posted the message as a favour to a friend and had not been paid for it.
The firm was seeking to create brand awareness ahead of the model giving birth, and had planned a larger follow-up campaign later in the year.
Skinny Caffe said it did not believe Lucy had implied that she had used its products while pregnant.
Lucy concurred with Skinny Caffe’s comments but acknowledged the text contained in her message had been provided by the brand.
The ASA said it had investigated the matter after receiving 25 complaints from the public.
Lucy rose to fame via a succession of reality TV series, including Signed by Katie Price, Ex on the Beach, and Celebrity Big Brother.
She uploaded the offending post on 5 May.
It showed the glamour model sitting by a table wearing underwear and socks, cradling a mug next to the products.
The ASA noted that although this post did not refer to her pregnancy, comments under many of her other Instagram posts did. Moreover, it said that her pregnancy had been widely covered in the press.
In light of this, the regulator said her fans might take the text’s claim that she had used the products to stay “in shape” to imply she had consumed them recently. And, it added, this could encourage other mothers-to-be to do likewise.
The ASA noted that the National Institute for Health and Care Excellence does not recommend dieting during pregnancy as it can harm the health of the unborn child.
“We concluded that the ad encouraged an unsafe practice and was irresponsible,” the watchdog concluded.
It also highlighted the fact that the text also claimed the products featured could help users “lose up to 7lbs [3.2kg] in seven days”.
According to the regulator, any health claims that refer to specific amounts of weight loss are not permitted in ads.
The ASA does not have the power to penalise people who break its rules, but it can ask platforms to remove them.
In serious instances, the authority can also refer incidents to Trading Standards, which does have the power to impose fines and prosecute offenders.
The BBC has contacted Jemma Lucy for comment.
Oil prices rose for a fifth day on Wednesday, buoyed by a bigger than expected drop in U.S. inventories and as investors awaited a widely expected cut in interest rates by the Federal Reserve, the first in more than 10 years.
Two key committees in the U.S. Congress on Tuesday said they are reviving efforts to pass long-stalled legislation to speed the adoption of self-driving cars.
President Donald Trump on Tuesday said he will pursue a U.S. trade agreement with Brazil, suggesting a friendly relationship with President Jair Bolsonaro could help lower trade barriers between the two biggest economies in the Americas.