Afternoon Coffee: Trump Seeks Crackdown on Chinese Technology Investment, ZTE Urinal Left in Disrepair Without U.S.-Sourced Parts

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The Trump administration is expected to announce this week restrictions on Chinese investments in "industrially significant technology,” CNN reports. The measures would bar firms with at least 25% Chinese ownership from buying companies involved in technology deemed significant by the White House, including firms in the aerospace, robotics and automotive sectors. 

Toilet Sourcing 

The escalating U.S.-China trade war has damaged more than profitability at Chinese smartphone maker ZTE. According to the South China Morning Post, a broken urinal at ZTE’s Shenzhen, China, office cannot be repaired because the spare parts needed are under a U.S. export ban. New Jersey-based American Standard manufactures the sanitary fittings required for the repair.

Roambee Funding 

Logistics tracking company Roambee has received a $2 million investment from MDI Ventures to expand its supply chain asset-tracking technology to Southeast Asia, DC Velocity reports. The funding, which brings total investment in Roambee to $10 million, will facilitate the company's entry into Indonesia and Southeast Asia's logistics market, with a focus on serving Telkom Indonesia.

Eurozone Activity 

And finally, an economic update: Eurozone business activity increased for the first time in five months, the Wall Street Journal reports. The IHS Markit Purchasing Managers Index for the currency area rose to 54.8 in June from 54.1 in May, although economists still doubt the eurozone economy will expand rapidly through the second half of the year.

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