United States cautions Britain over Huawei
The United States cautioned Britain ahead of a decision by Prime Minister Boris Johnson on what role Huawei will have in 5G telecommunications networks that Washington still had significant concerns about the Chinese telecoms behemoth.
Volkswagen CEO: Seat’s de Meo probably in talks with Renault – CNBC
The chief executive of Volkswagen said Luca de Meo, who stepped down as chief executive of the German carmaker’s Spanish Seat brand this month, was probably in talks with French carmaker Renault .
CITIC Capital bidding for 22% McDonald’s China stake: chief
Chinese private equity firm CITIC Capital is actively bidding for a 22% stake in McDonald’s Corp’s mainland China and Hong Kong businesses, its chairman and chief executive told Reuters on Thursday.
Oil falls as spectre of China virus looms over fuel demand
Oil prices fell on Thursday on concern that the spread of a respiratory virus from China could lower fuel demand if it stunts economic growth in an echo of the SARS epidemic nearly 20 years ago.
Virus fears keep stocks red; ECB gets ready to rethink
World shares fell on Thursday, led by the biggest decline in Chinese stocks in more than eight months, as concern mounted about the spread of a deadly virus in China.
Volkswagen CEO – Luca de Meo is probably in talks with Renault: CNBC
The chief executive of Volkswagen told CNBC that Luca de Meo, who earlier this month stepped down as chief executive of the German carmaker’s Spanish Seat brand, was probably in talks with Renault .
BP appoints new finance chief as Looney prepares to take over
BP’s finance chief Brian Gilvary is to step down in June after eight years in the role and will be replaced by a close ally of Bernard Looney who takes over as chief executive next month.
Britain says Huawei alternatives are limited, decision soon: minister
Britain will soon decide what role China’s Huawei will have in its 5G telecommunications network but there are only a limited number of alternative providers, business minister Andrea Leadsom said on Thursday.
Australia’s Westpac hires ‘Mack the knife’ McFarlane to chair crisis-hit bank
Australia’s Westpac Banking Corp named a former Barclays boss as chairman on Thursday, entrusting veteran banker John McFarlane with the task of steering it through the country’s biggest money-laundering scandal.
Yen jumps and yuan sags on Chinese virus fears
The Japanese yen strengthened and China’s yuan fell to a two-week low on Thursday as investors grew more anxious about the spread of a virus in China, while the euro was calm ahead of the European Central Bank meeting.
