Citigroup Inc reported a nearly 73 per cent plunge in quarterly profit on Tuesday as the bank set aside US$5.6 billion to brace itself for a potential surge in loan defaults stemming from the coronavirus outbreak. The New York-based bank reported a profit of US$1.32 billion, or 50 cents per […]
Month: July 2020
LONDON: Prime Minister Boris Johnson on Tuesday (Jul 14) ordered Huawei equipment to be purged completely from Britain’s 5G network by 2027, risking the ire of China by signalling that the world’s biggest telecoms equipment maker is no longer welcome in the West. The seven-year lag will please British telecoms […]
U.S. consumer prices rebounded in June after three straight monthly declines as businesses reopened, but the underlying trend suggested inflation would remain muted and allow the Federal Reserve to keep injecting money into the ailing economy. WASHINGTON: U.S. consumer prices rebounded by the most in nearly eight years in June, […]
Wells Fargo & Co swung to a loss in the second quarter after setting aside US$9.5 billion to cover potential loan losses due to the coronavirus pandemic, the bank said on Tuesday. REUTERS: Wells Fargo & Co swung to a second-quarter loss as the coronavirus set back the bank’s progress […]
Finnish telecom gear maker Nokia is ready to replace Huawei equipment in Britain, the head of Nokia Britain said on Tuesday following the UK’s decision to stop using the Chinese manufacturer. REUTERS: Finnish telecom gear maker Nokia is ready to replace Huawei equipment in Britain, the head of Nokia Britain […]
REUTERS: Tiger Woods makes his long-awaited return to competitive golf at the Memorial Tournament in Dublin, Ohio this week and no golfer will feel the impact of the strange new spectatorless world created by COVID-19 than the 15-time major winner. For his whole career Woods, one of sport’s most recognisable […]
Thailand’s Advanced Info Service Pcl said on Tuesday Huawei Technologies is among five companies tendering to build its 5G core networks. BANGKOK: Thailand’s Advanced Info Service Pcl said on Tuesday Huawei Technologies is among five companies tendering to build its 5G core networks. AIS, Thailand’s largest mobile operator, is in […]
Sheffield United will not be distracted by talks of securing a top-four finish, with their attention focused solely on Thursday’s Premier League clash against Leicester City, manager Chris Wilder said on Tuesday. REUTERS: Sheffield United will not be distracted by talks of securing a top-four finish, with their attention focused […]
Former British cyclist Jess Varnish’s employment tribunal appeal against the sport’s national governing body has been dismissed, it was announced on Tuesday. LONDON: Former British cyclist Jess Varnish’s employment tribunal appeal against the sport’s national governing body has been dismissed, it was announced on Tuesday. Former European team sprint champion […]
Bournemouth manager Eddie Howe believes his relegation-threatened side can pull off a shock and get something out of Wednesday’s daunting Premier League trip to Manchester City. REUTERS: Bournemouth manager Eddie Howe believes his relegation-threatened side can pull off a shock and get something out of Wednesday’s daunting Premier League trip […]