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Finance

Activist investors to pressure privately held Palantir on human rights

SAN FRANCISCO (Reuters) – A group advocating ethical investing will ask backers of tech analytics company Palantir Technologies to push for changes to its business practices, a rare case of coordinated shareholder action against a privately held company. The Investor Alliance for Human Rights, which claims more than 150 institutional members representing $4 trillion in …

Finance

More foreign firms abandoned U.S. deals amid Trump administration scrutiny: report

WASHINGTON (Reuters) – More overseas companies investigated by U.S. authorities for national security concerns have abandoned investments in the United States since U.S. President Donald Trump took office, a report showed on Friday. The report, released by the Committee on Foreign Investment in the United States (CFIUS), shows that foreign companies abandoned roughly 14 percent …

Finance

FCC votes 5-0 to bar China’s Huawei, ZTE from government subsidy program

WASHINGTON (Reuters) – The U.S. Federal Communications Commission (FCC) voted 5-0 Friday to designate China’s Huawei and ZTE (HK:0763) as national security risks, barring their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment or services. The U.S. telecommunications regulator also voted to propose requiring those carriers to remove and …

Finance

Chile’s defense minister issues furious rejection of Amnesty rights claims

SANTIAGO (Reuters) – Chile’s defense minister on Friday issued a furious rebuttal of claims by Amnesty International that excessive force was “intentionally” used on protesters to “punish” them for taking to the streets. Alberto Espina told journalists outside La Moneda presidential palace that the Amnesty claim was “extraordinarily serious and absolutely false” as well as …