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Home2019May

Month: May 2019

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Business News

Britain downplays Huawei threat to U.S. intelligence sharing

May 14, 2019 admin Comments Off on Britain downplays Huawei threat to U.S. intelligence sharing

Britain would never take a decision on Huawei and 5G that would threaten its intelligence sharing alliance with the United States but it also does not want a new Cold War with China, Foreign Secretary Jeremy Hunt said on Tuesday.

…read more […]

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Business News

WhatsApp security breach may have targeted human rights groups

May 14, 2019 admin Comments Off on WhatsApp security breach may have targeted human rights groups

WhatsApp said on Tuesday a security breach on its messaging app had signs of coming from a government using surveillance technology developed by a private company and may have targeted human rights groups.

…read more […]

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Business News

No sign that Beijing will offer a no-spy deal: Germany

May 14, 2019 admin Comments Off on No sign that Beijing will offer a no-spy deal: Germany

There is no sign that China is offering a “no-spy” agreement of the kind that would help telecommunications equipment maker Huawei in its bid for contracts to build Germany’s next-generation mobile networks, a German Interior Ministry spokesman said on Tuesday.

…read more […]

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Ralph Lauren’s North America woes cloud profit beat, shares fall 8%

May 14, 2019 admin Comments Off on Ralph Lauren’s North America woes cloud profit beat, shares fall 8%

Luxury apparel maker Ralph Lauren Corp beat Wall Street estimates for quarterly profit on Tuesday, benefiting from higher demand in international markets, but weak sales in its biggest market, North America, disappointed investors.

…read more […]

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Wall Street attempts rebound, with help from tech stocks

May 14, 2019 admin Comments Off on Wall Street attempts rebound, with help from tech stocks

U.S. stocks edged higher on Tuesday, as investors picked up beaten-down technology and industrial stocks following optimistic comments from Washington and Beijing that tempered concerns about a further escalation in the trade war.

…read more […]

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India’s Jet Airways sees management exodus as rescue hopes dim

May 14, 2019 admin Comments Off on India’s Jet Airways sees management exodus as rescue hopes dim

The chief executive and two other senior figures at Jet Airways have quit, the Indian company said on Tuesday, further eroding any hopes of a rescue of the debt-laden carrier that grounded operations last month.

…read more […]

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Disney takes control of Hulu before own streaming launch

May 14, 2019 admin Comments Off on Disney takes control of Hulu before own streaming launch

Comcast Corp has agreed to give Walt Disney Co full control of Hulu in a deal that puts a minimum future value on the streaming service of $27.5 billion while laying the groundwork for the creation of a powerful competitor for Netflix Inc.

…read more […]

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A ‘no-spy’ deal would help any Huawei bid: Germany

May 14, 2019 admin Comments Off on A ‘no-spy’ deal would help any Huawei bid: Germany

A “no-spy” agreement with Beijing would be crucial to assessing whether to accept any bid by Huawei to build out a next-generation telephony network, a German interior ministry spokesman said on Tuesday, adding there was currently no sign such a deal was in the offing.

…read more […]

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India’s Jet Airways loses two top executives as rescue hopes dim

May 14, 2019 admin Comments Off on India’s Jet Airways loses two top executives as rescue hopes dim

The chief executive and head of finance at Jet Airways have both quit, the Indian company said on Tuesday, further eroding hopes of a rescue of the debt-laden carrier that grounded operations last month.

…read more […]

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Business News

Exclusive: UniCredit advances toward takeover bid for Germany’s Commerzbank – sources

May 14, 2019 admin Comments Off on Exclusive: UniCredit advances toward takeover bid for Germany’s Commerzbank – sources

UniCredit has engaged investment bankers, including a former top German official, to advise it on a potential bid to buy Commerzbank, according to three people familiar with the matter.

…read more […]

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Disney takes operational control of Hulu from Comcast

May 14, 2019 admin Comments Off on Disney takes operational control of Hulu from Comcast

Walt Disney Co said it has signed a pact with Comcast Corp to assume full operational control of Hulu, effective immediately.

…read more […]

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Volkswagen wins worker backing for restructuring with $1.1 billion battery plan

May 14, 2019 admin Comments Off on Volkswagen wins worker backing for restructuring with $1.1 billion battery plan

Volkswagen workers backed a restructuring of the world’s largest carmaker on Tuesday after Chief Executive Herbert Diess pledged to spend 1 billion euros ($1.1 billion) on a new battery cell production plant near its headquarters in Lower Saxony.

…read more […]

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Wall Street poised for gains after Monday’s heavy selloff

May 14, 2019 admin Comments Off on Wall Street poised for gains after Monday’s heavy selloff

U.S. stock index futures indicated gains at the open on Tuesday, as optimistic comments from Washington and Beijing took the edge off market concerns about a further escalation in trade war.

…read more […]

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Business News

WhatsApp to refer security breach to U.S. authorities

May 14, 2019 admin Comments Off on WhatsApp to refer security breach to U.S. authorities

Facebook’s WhatsApp said on Tuesday a security breach on its messaging app had signs of coming from a private company working on surveillance and it had referred the incident to the U.S. Department of Justice.

…read more […]

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Huawei willing to sign ‘no-spy’ agreements with governments: chairman

May 14, 2019 admin Comments Off on Huawei willing to sign ‘no-spy’ agreements with governments: chairman

Huawei is willing to sign no-spy agreements with governments, including Britain, the Chinese telecommunications company’s chairman said on Tuesday as the United States pressures European countries to shun the firm over spying concerns.

…read more […]

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