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 […]
Business
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 […]
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 […]
Ty Gibson, 20, of Greensboro, North Carolina, brushed off speculation last week on TikTok that his favorite video sharing platform was going to be banned. REUTERS: Ty Gibson, 20, of Greensboro, North Carolina, brushed off speculation last week on TikTok that his favorite video sharing platform was going to be […]
SINGAPORE: Singapore’s grim gross domestic product (GDP) for the April to June period could see a slight upward revision when fuller data for the quarter is available, taking into account the resumption of some economic activities with the lifting of the “circuit breaker” in June, economists said. It will however […]
Delta Air Lines warned on Tuesday it will be more than two years before the industry sees a sustainable recovery from the “staggering” impact of the coronavirus pandemic, with demand largely tracking the curve of infections in different places. CHICAGO: Delta Air Lines scaled back the flights it planned to […]
HONG KONG: China has loosened coronavirus-related border restrictions between Macau and the neighbouring coastal province of Guangdong, sending shares of Macau casino operators surging on hopes of a quick pickup in demand. Guangdong authorities said late on Monday (Jul 13) that from Jul 15 visitors arriving from the world’s biggest […]
BEIJING: China will put sanctions on Lockheed Martin for involvement in the latest US arms sale to Chinese-claimed Taiwan, China said on Tuesday, adding tension to its troubled relationship with the United States. The US weapons maker is the main contractor for a US$620 million upgrade package for Taiwan’s Patriot […]