Huawei snatched market share from Apple, local rivals in China in 2019
Top Chinese smartphone maker Huawei Technologies Co Ltd thrived in 2019 at the expense of smaller Chinese rivals and Apple even as the smartphone market shrank further and consumers favored phones with 5G technology, data shows.
Atlantia shares rise on hopes for truce with Italian government
Atlantia shares gained more than 6% on Tuesday as comments from a minister rekindled hopes that the infrastructure group could reach a compromise with the government over its lucrative motorway concession.
French carmaker Renault names Luca de Meo as new CEO
French carmaker Renault on Tuesday named former Volkswagen’s Seat brand executive Luca de Meo as its new chief executive, as Renault moves to create a new management in the post-Ghosn era and shore up its alliance with Nissan .
Factbox: Huawei’s involvement in other countries’ telecoms networks
Prime Minister Boris Johnson granted Huawei [HWT.UL] a limited role in Britain’s 5G mobile network on Tuesday, defying U.S. pressure to exclude the Chinese company from next-generation communications over fears Beijing could use them to spy.
No threats to break UK intellgence ties after 5G decision: security source
There have been no threats from other countries’ intelligence agencies to break ties with Britain after it announced it would grant Huawei a limited role in its 5G mobile network, a British security source said on Tuesday.
Huawei decision could “greatly complicate” a U.S.-Britain free trade agreement: Graham
Britain’s decision to give Chinese telecoms giant Huawei [HWT.UL] a limited role in building its 5G networks could greatly complicate a free trade agreement with the United States and jeapordize intelligence sharing with one of its closest allies, Repu…
Wall Street rebounds as tech, financials surge
U.S. stocks rose on Tuesday as gains in technology and financial sectors helped major indexes recover from their worst selloff in about four months on worries over a coronavirus outbreak and its impact on the global economy.
Stocks rebound in broad rally, safe-haven assets lose luster
Global equity markets rebounded in a broad rally on Tuesday and some safe-haven assets lost a bit of their appeal as investors took a less pessimistic view of the potential economic fallout from China’s coronavirus outbreak.
U.S. business investment weak; consumer confidence at five-month high
New orders for key U.S.-made capital goods dropped by the most in eight months in December and shipments were weak, suggesting business investment contracted further in the fourth quarter and remained a drag on economic growth.
Crude prices bounce up with U.S. stock markets after virus-related selloff
Oil futures edged up on Tuesday after falling for five days, bouncing up with Wall Street, and crude also drew support from talk that OPEC and its allies might tighten the market amid fears the coronavirus could weigh on oil demand.
