PRESS DIGEST-New York Times business news - Aug 12
Aug 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
- U.S. President Donald Trump signed an executive order on Monday extending a trade truce between the United States and China for another three months, providing a reprieve from the threat of escalating tariffs and export controls that have rocked the global economy.
- World Liberty Financial, the cryptocurrency start-up founded by the Trump family, announced that a publicly traded technology firm, called ALT5 Sigma ALTS.O, is planning to sell $1.5 billion worth of shares, using the proceeds to buy $WLFI, a cryptocurrency created by World Liberty.
- Streaming platform Netflix NFLX.O is keeping its ties with Prince Harry and his wife, Meghan's company Archewell Productions. But those ties are getting looser. The production company for the Duke and Duchess of Sussex has signed a new deal with Netflix, the two companies announced Monday morning.
- Entertainment giant Paramount PSKY.O announced morning that it had struck a seven-year $7.7 billion deal to claim exclusive streaming and broadcast rights in the United States for the Ultimate Fighting Championship. The deal will go into effect next year.
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