A bipartisan group of US senators proposed a law on Tuesday to prevent Chinese telecommunications company Huawei Technologies from doing business with US companies without Congressional approval instead of relying solely on an executive order by President Donald Trump, thus limiting his ability to use the firm as a bargaining chip in trade talks with Beijing.

Shandong province, a manufacturing heavyweight in eastern China, will press ahead with plans to cut capacity in inefficient “old” industries, even though it will hurt short-term growth, the provincial party chief said.

IBM had signed a multiyear contract with AT&T worth “billions of dollars” for a range of cloud and other technologies that included the Red Hat products.

T Rowe Price, which has $1tn in assets, will from January pay for third-party research costs globally, expanding its decision to pay for research in Europe to all the regions in which it operates.

Deutsche Bank is poaching a team of 13 bankers from Credit Suisse in Italy as the troubled lender seeks to increase its wealth management business. The new team will focus on serving the ultra-wealthy with assets of $30m or more.

Do­or­Dash and Mc­Don­ald’s said that the de­liv­ery com­pany would pick up or­ders from 200 Hous­ton-area restau­rants start­ing July 29. Do­or­Dash will add Mc­Don­ald’s to its sub­scrip­tion ser­vice, with nearly a mil­lion mem­bers pay­ing $9.99 a month for free de­liv­ery and lower ser­vices fees on or­ders of at least $12.

Kingsoft Office is planning an IPO in Shanghai’s Sci-Tech Innovation Board to raise $300 million by selling 101 million shares, or 21.91 percent of total.

SKW Fund­ing and Bain Cap­i­tal Credit formed a joint ven­ture tar­get­ing sub- and non­per­form­ing notes, with the goal of ac­quir­ing $500 mil­lion in those as­sets over the next two and a half years.

IQ Capital, a venture capital firm based in Cambridge, has raised more than $300m to invest in technologies developed based on substantial scientific advances and engineering innovation, such as artificial intelligence, biotech and the “internet of things”.