Good Morning. Welcome to The Wire’s daily news roundup. Each day, our staff gathers the top China business, finance, and economics headlines from a selection of the world’s leading news organizations.
The Wall Street Journal
HSBC Profit Slumps on Coronavirus, Trade Tensions — HSBC’s net profit plummeted in the second quarter as the impact of the coronavirus pandemic complicated the bank’s efforts to refocus on Asia while dealing with rising U.S.-China political tensions.Apple Faces $1.4 Billion Lawsuit by Chinese AI Firm in Siri Patent Fight — An artificial-intelligence company recently awarded a Chinese patent for a voice assistant similar to Apple’s Siri has filed a patent infringement lawsuit against Apple that, if successful, could prevent the American tech giant from selling many of its products in the world’s second-largest economy.Microsoft Says It Remains Committed to Reaching TikTok Deal — Microsoft said it is committed to trying to acquire the U.S.
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