US and China struggle to finalise ‘phase one’ trade deal
The US and China are struggling to complete a “phase one” deal to halt their trade war, with senior officials in Washington and Beijing still jostling over intellectual property provisions, agricultural purchases and tariff rollbacks after weeks of negotiations.
Australia Gaming Stock up 192% on Online Lottery Sales
Jumbo Interactive Ltd., a digital reseller of lottery tickets, has surged 192% this year, besting other global casino and gaming stocks that have a market capitalization of more then $100 million, according to data compiled by Bloomberg. The Queensland, Australia-based company aims to triple its ticket sales by 2022, betting on a shift in how people enter the draw.
Luckin Loses Even More Money As Revenue Surges Sixfold
Luckin Coffee Inc. shares rose 13% on Wednesday after the company posted revenue of 1.5 billion yuan ($215.7 million), up more than sixfold from a year before. It reported a widening loss of 531.9 million yuan, 9.7% greater than a year earlier.