Exclusive: EU to drop threat of Huawei ban but wants 5G risks monitored – sources
The European Commission will next week urge EU countries to share more data to tackle cybersecurity risks related to 5G networks but will ignore U.S. calls to ban Huawei Technologies, four people familiar with the matter said on Friday.
Yield curve inverts for first time since 2007 on global growth worries
U.S. markets received a clear warning of coming recession on Friday when the spread between yields on three-month Treasury bills and 10-year notes fell below zero for the first time since 2007 after U.S. manufacturing data missed estimates.
Wall Street stumbles as investors spooked by signs of economic slowdown
Wall Street stocks sold off sharply on Friday, with all three major U.S. stock indexes dropping between 1 and 2 percent as weak factory data from the United States and Europe led to an inversion of U.S. Treasury yields, fueling fears of a global econom…
U.S. Treasuries signal trouble, stocks fall after weak data
Stocks around the world fell and U.S. Treasuries yields sent out warning signs of a possible recession on Friday after weaker-than-expected U.S. and European data intensified fears of a global economic slowdown.
Indonesian airline cancels Boeing 737 MAX order, American pilots to test software fix
Indonesian airline Garuda plans to cancel a $6 billion order for Boeing 737 MAX jets because some passengers say they would be frightened to board the plane after two fatal crashes, although industry analysts said the deal had long been in doubt.
Global growth rebound hopes hit by weak factory data
Manufacturers in Europe, Japan and the United States suffered in March as surveys showed trade tensions had left their mark on factory output, a setback for hopes the global economy might be turning the corner on its slowdown.
In foreboding sign for U.S. economy, factory sector softens
U.S. manufacturing activity unexpectedly cooled in March, a troubling sign for the economy although the housing market showed signs lower interest rates were giving it a boost.
Wall St. tumbles as weak factory data fuels slowdown worries
Wall Street’s main indexes tumbled about 2 percent on Friday after a raft of weak manufacturing data from the United States and Europe led to an inverted yield curve, stoking fears of an economic slowdown.
Autonomy founder Lynch set for $5 billion Hewlett-Packard court showdown
Mike Lynch, once hailed as Britain’s answer to Bill Gates, faces Hewlett-Packard (HP) in London’s High Court on Monday in a multi-billion dollar showdown over the U.S. technology company’s 2011 purchase of the Autonomy software business he founded.
Change to 737 MAX controls may have imperiled planes, experts say
Much like tapping the brake pedal in a car to disengage cruise control, a sharp tug on the controls of older models of Boeing Co’s 737 used to shut off an automatic trim system that keeps the plane flying level, giving the pilot control.
