Business & Finance News
Australia has banned Chinese telecoms firm Huawei Technologies Co Ltd [HWT.UL] from supplying equipment for a 5G mobile network, citing risks of foreign interference and hacking which Beijing dismissed as an “excuse” to tilt the playing field against a Chinese firm.
Credit Suisse Group AG has fired two male employees in London after uncovering new evidence during an investigation into a sexual assault case from 2010, the Financial Times reported on Thursday, citing a person familiar with the internal review, which was completed last week.
Saudi Arabia’s sovereign fund is set to borrow up to $12 billion from international banks after IPO plans for state energy group Saudi Aramco were put on hold, the Financial Times reported, citing sources.
U.S. stock index futures struggled to move higher on Thursday as new tariffs took effect in the U.S.-China trade war and markets speculated on the future path of interest rate hikes.
Airplane parts maker Honeywell International Inc raised its full-year profit forecast for the fourth time this year on Thursday and said it would receive $3 billion in one-time dividends from units it plans to spin off as part of a company reorganization.
Aerospace parts maker Honeywell International Inc on Thursday raised its full year adjusted profit forecast for the fourth time this year, citing continued confidence in the strength of its markets.
The British government called on Thursday for drugmakers to build an additional six weeks of medicines stockpiles to cope with potential supply disruption in the event of a no-deal Brexit – a target the industry said would be challenging.
The number of Americans filing for unemployment benefits fell last week, a sign the labor market was holding firm despite tensions between the United States and its trading partners that have spawned restrictions on global commerce.
Britain on Thursday set out a series of notes detailing what could happen if it fails to reach a Brexit deal with the European Union, acknowledging that firms would face a tangle of red tape and possible delays at the border.
British companies trading with the European Union will face a tangle of red tape and possible delays at the border if the government fails to negotiate an exit deal before Britain leaves the bloc, official papers showed on Thursday.
Britons living in the European Union could lose access to their UK bank accounts and businesses on the continent could be cut off from investment banks in London if there is a no-deal Brexit, the British government said on Thursday.
Britain has published 25 so-called technical notices advising companies and people how to prepare for any disruption that might arise from a disorderly Brexit where there is no deal with the European Union.
U.S. stock index futures were little changed on Thursday as the United States and China slapped 25 percent tariffs on $16 billion worth of each other’s goods, despite ongoing trade talks.
Alibaba Group Holding Ltd , the world’s biggest online retailer, topped first-quarter revenue estimates on Thursday, driven by growth in its core e-commerce business.
Alibaba Group Holding Ltd , the world’s biggest online retailer, said on Thursday first-quarter revenue rose 61 percent, beating analysts’ estimates, driven by growth in its core e-commerce business.
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