Britain’s BBC to cut 450 newsroom jobs in cost-cutting drive
The BBC said on Wednesday it will cut around 450 jobs from its news division as part of an 80 million pound savings drive and modernisation programme.
Pompeo to Britain: Look again at Huawei 5G decision
The United States on Wednesday urged Britain to rethink its decision to allow China’s Huawei a role in 5G networks, cautioning that American information would only be allowed to pass across trusted networks.
McDonald’s sees higher 2020 spending on tech, R&D after sales beat
McDonald’s Corp beat forecasts with its quarterly sales on Wednesday and said it would spend more on technology and research in 2020, as the world’s largest burger chain bets on revamped stores and menu additions to lure more diners and gain market sh…
Exclusive: HSBC considering exit from Turkey – sources
HSBC is considering selling its Turkey business amid concerns about the country’s volatile currency and economic outlook, sources familiar with the matter said.
EU deals another blow to U.S., allowing members to decide on Huawei’s 5G role
The EU followed Britain’s example on Wednesday, allowing members to decide what part China’s Huawei Technologies [HWT.UL] can play in its 5G telecoms networks and resisting pressure from Washington for an outright ban.
Big volatility options trade points to mystery investor ’50 Cent’
Large options trades some people have attributed to the mysterious investor known as “50 Cent” have become more profitable in recent days, as fears of the economic impact of the coronavirus injected volatility back into stock markets.
Mastercard beats profit estimates on strong holiday season spending
Mastercard Inc beat Wall Street estimates for quarterly profit on Wednesday as customers spent more on its cards during the U.S. holiday shopping season, boosting fees for the world’s second-largest payment processor.
Oil rises as markets wait on virus impact and U.S. stockpiles fall
Oil prices rose for a second day on Wednesday, recouping some losses after a five-day rout, on talk that OPEC could extend oil output cuts if a new coronavirus hurts demand and data showing a decline in U.S. stockpiles.
GE beats profit, cash flow estimates on aviation, lower spending
General Electric Co quarterly profit and cash flow beat analysts’ estimates on Wednesday, boosted by its aviation unit, but the industrial conglomerate set a relatively modest profit target for 2020.
EU guidelines allow members to either restrict or ban high risk 5G providers like Huawei
EU countries can either restrict or exclude high-risk 5G vendors from core parts of their telecoms networks, according to new EU guidelines announced on Wednesday, a move targeting China’s Huawei Technologies but falling short of a U.S. call for a comp…
