Investor concerns about the curbs, which have not been confirmed by the government in Beijing, have knocked $200bn off Apple’s market valuation in the past two days. State employees across China, from nuclear power plants to far-flung hospitals, have been told in recent weeks to stop using Apple iPhones as part of a Beijing-led pushback against the US tech group. How well did you keep up with the news this week? Take our quiz. Tennis: The women’s and men’s final of the US Open will be held in New York on Saturday and Sunday respectively. Mexico-Colombia relations: Mexican president Andrés Manuel López Obrador visits Colombia to meet his Colombian counterpart Gustavo Petro. G20 summit: India’s prime minister Narendra Modi will host a bilateral meeting with US president Joe Biden ahead of the start of the G20 summit in New Delhi tomorrow. Here’s what else I’m keeping tabs on today and over the weekend: This is what we know so far about the planned cuts. Managers across Goldman have drawn up lists of employees who could be dismissed. A 1 per cent cut in Goldman’s total headcount, which includes asset and wealth management as well as operational roles, would equal about 440 jobs. Goldman is targeting a number at the lower end of that range, the people said, at parts of its core investment banking and trading businesses. The planned move, which could start next month, is part of an annual exercise that typically results in between 1 per cent and 5 per cent of company-wide employees losing their jobs. Goldman Sachs is preparing to impose another round of job cuts on employees deemed to be the worst performers, people familiar with the matter have told the Financial Times. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morning This article is an on-site version of our FirstFT newsletter.
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