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US mobile chipmaker Qualcomm said Monday it has been notified it is the subject of an antitrust investigation by Chinese authorities. The company, a dominant maker of chips for smartphones, said in a statement that the "substance of the investigation" under the Chinese Anti-Monopoly Law is "confidential." "The company is not aware of any charge by the NDRC (China's National Development and Reform Commission) that Qualcomm has violated the AML (Anti-Monopoly Law)," a Qualcomm statement said.
BlackBerry's management shakeup continued Monday with the exit of three senior executives, three weeks after boss Thorsten Heins stepped down and a deal to save the smartphone maker collapsed. Chief Operating Officer Kristian Tear and Chief Marketing Officer Frank Boulben, both hired by Heins, are leaving the company, according to a statement. Brian Bidulka also is being replaced as chief financial officer by former controller James Yersh, but will remain as an advisor for the remainder of the fiscal year. Earlier this month, BlackBerry abandoned hopes of finding a buyer who could turn around the company, after the spectacular failure of its new platform, launched in January.
By Daniel Fineren DUBAI (Reuters) - The easing of a ban on European insurance for shipments of Iranian oil may lift Iran's crude exports to big oil buyers in Asia, including India and China. The easing of EU shipping insurance sanctions was part of a deal on Sunday between Iran and six world powers to curb Tehran's nuclear program in exchange for limited sanctions relief. Oil buyers in Asia, Turkey and South Africa have reduced imports of Iranian oil to avoid the threat of U.S. sanctions, but also have had imports curtailed by the ban on UK-dominated providers of shipping insurance. Iranian oil sales have fallen by more than half from 2011 levels to about 1 million barrels a day as a result of EU and U.S. sanctions on oil trade, shipping insurance and banking.