Defying Trump, UK’s Johnson refuses to ban Huawei from 5G
Prime Minister Boris Johnson granted Huawei a limited role in Britain’s 5G mobile network on Tuesday, frustrating a global attempt by the United States to exclude the Chinese telecoms giant from the West’s next-generation communications.
Wall Street recovers from Monday rout on tech, financial support
U.S. stocks rose on Tuesday as gains in technology and financial shares helped major indexes recover from their worst selloff in about four months on worries over a coronavirus outbreak and its impact on global growth.
Intelligence sharing will not be put at risk by Huawei decision-UK’s Raab
Britain’s Foreign Secretary Dominic Raab said intelligence sharing would not be jeopardized by Tuesday’s decision to allow China’s Huawei [HWT.UL] a role in building the country’s 5G telecoms network.
In post-repo squeeze twist, Fed may nudge up interest paid to banks
One potential side effect of the U.S. Federal Reserve’s efforts to pump liquidity into the banking system and avoid further unwanted surges in short-term borrowing rates: The central bank may soon have to take measures to keep interest rates from getti…
Adidas to launch new fabrics from recycled ocean plastic, polyester
Adidas will launch new fabrics made from recycled polyester and marine plastic waste and expand the product lines that use them after the success of shoes made with the Parley for the Oceans initiative, the sportswear firm said on Tuesday.
Brent crude steadies just under $60/bbl, China oil demand in focus
Oil futures steadied somewhat on Tuesday after a five-day losing streak as OPEC sources said the group and its allies might tighten the market amid fears that the coronavirus, which has claimed over 100 lives in China, could weigh on oil demand.
Wall Street opens higher after Monday’s selloff
U.S. stock indexes opened higher on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on concerns that a coronavirus outbreak in China could hit global economic growth.
Xerox’s quarterly profit beats estimates, says firm on HP buyout
Xerox Holdings Corp on Tuesday posted a better-than-expected quarterly profit as it kept a tight lid on costs and said it plans to follow through with its $33 billion bid to buy rival HP Inc .
U.S. core capital goods orders record largest drop in eight months
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 was a drag on economic growth.
UK grants Huawei a limited role in 5G, defying President Trump
Prime Minister Boris Johnson on Tuesday granted China’s Huawei a limited role in Britain’s 5G mobile network, resisting U.S. pressure to exclude the company from next generation communications on fears China could use it to steal secrets.
