Huawei has delayed the launch of the Mate X folding handset until September, having originally planned to launch it this summer. The Chinese firm said it wanted to conduct extra tests following screen problems.

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UBS put one of its top economists Paul Donovan on leave hours after losing a relationship with a Chinese bank over a phrase he used when discussing consumer prices in China.

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Facebook has hired Standard Chartered senior lobbyist Ed Bowles as it prepares for greater political and regulatory scrutiny in Europe over its plans to launch its own digital currency and other financial services to its 2.4bn users.