Germany considering ways to exclude Huawei from 5G auction: report
The German government is actively considering stricter security requirements and other ways to exclude China’s Huawei Technologies [HWT.UL] from a buildout of fifth-generation (5G) mobile networks, the Handelsblatt newspaper reported.
Trump ‘inclined’ to impose new U.S. auto tariffs: senator
U.S. President Donald Trump is likely to move ahead with tariffs on imported vehicles, a move that could prompt the European Union to agree a new trade deal, said Senate Finance Committee Chairman Charles Grassley on Wednesday.
Apple plans some hiring reductions after selling fewer iPhones: Bloomberg
Apple Inc will cut back on hiring for some divisions after lower-than-expected iPhone sales and missing its revenue forecast for the holiday quarter, Bloomberg reported on Wednesday, citing sources familiar with the matter.
Sterling up after May wins confidence vote; stocks climb
Major world stock indexes rose on Wednesday, with the S&P 500 supported by sharply higher U.S. bank shares after strong earnings, while the pound was up after British Prime Minister Theresa May’s government won a confidence vote in parliament.
Upbeat bank earnings send Wall Street to one-month highs
Wall Street’s major indexes hit one-month highs on Wednesday as strong earnings from Bank of America Corp and Goldman Sachs Group Inc boosted investor sentiment.
U.S. investigating Huawei for alleged trade secret theft: WSJ
Federal prosecutors are investigating Huawei Technologies[HWT.UL], the world’s largest telecommunications equipment maker, for allegedly stealing trade secrets from U.S. businesses and could soon issue an indictment, the Wall Street Journal reported on…
Bombardier CEO sees decision on loss-making CRJ jet this year
Bombardier Inc aims to make a decision this year on the future of its CRJ regional jet as it “aggressively” pursues new orders to secure its industrial future, the Canadian planemaker’s chief executive said on Wednesday.
Hyundai, Kia issue new U.S. recall of 168,000 vehicles for fire risks
Hyundai Motor Co and affiliate Kia Motors Corp said on Wednesday they will recall about 168,000 U.S. vehicles at risk of fuel leaks, after recalling them in 2017 for engine fire risks, and will offer software upgrades for 3.7 million vehicles.
Oil gains with Wall Street, but rising U.S. fuel stocks weigh
Oil prices edged higher on Wednesday, buoyed by a U.S. equity market rally and a supply cut agreement by OPEC+, but gains were limited by data showing growing U.S. refined product inventories and record crude production.
IAC sues Tinder co-founder, escalating fight over valuation
Online dating company Match Group Inc and its parent company IAC/InterActiveCorp have filed a lawsuit against Sean Rad, a co-founder of Match Group’s popular dating service Tinder, of secretly copying company files and other proprietary information.
