Wednesday, 22 May 2019

Huawei puts Honor above Android at new smartphone launch

LONDON (Reuters) – Huawei put uncertainty over the future of its devices business to one side on Tuesday with the launch of new Honor smartphones, in a confident display of the Chinese firm’s technology. The world’s second-biggest phone maker runs its devices on Google’s Android platform outside China, but the U.S. Commerce Department blocked Huawei […]

Home Depot same-store sales disappoint, warns of tariff impact

(Reuters) – Home Depot Inc on Tuesday blamed wet weather in February and a slump in lumber prices for its slowest growth in quarterly same-store sales in at least three years, while warning of a $1 billion impact from new tariffs on Chinese imports. Bad weather along with land and labor shortages have constrained builders’ […]

Self-driving trucks begin mail delivery test for U.S. Postal Service

(Reuters) – The U.S. Postal Service on Tuesday started a two-week test transporting mail across three Southwestern states using self-driving trucks, a step forward in the effort to commercialize autonomous vehicle technology for hauling freight. San Diego-based startup TuSimple said its self-driving trucks will begin hauling mail between USPS facilities in Phoenix and Dallas to […]

UDG Healthcare spends €95m on acquisitions as underlying revenue grows

Dublin-based UDG Heathcare has spent $106m (€95m) on two acquisitions in its Ashfield communications and advisory business. This comes as the group’s revenue grew 6pc in the six months to 31 March. Putnam Associates, a US-based strategic management healthcare consultancy, is being acquired for a total consideration of up to $88.6m (€79m). Meanwhile Incisive Health, […]

P2P fintech Validus Capital announces key hires

SINGAPORE – Validus Capital, a peer-to-peer lending platform for small and medium-sized enterprises (SMEs), has appointed Sonal Jain as chief data officer and Arvind Rao as chief technology officer, as it prepares for further expansion in South-east Asia. The firm also appointed Vincentius Ivan as head of technology and innovation at Batumbu, its Indonesian arm. […]

Ryanair in talks with Boeing on 737 Max compensation

RYANAIR is in talks with Boeing regarding potential compensation after the grounding of 737 Max jets around the world, according to CEO Michael O’Leary. But he declined to say how much the carrier could seek from the aircraft maker. Please log in or register with for free access to this article. Log In New […]

Global markets: Stocks slide as worries about Huawei fallout mount

Global equity markets fell on Monday as a U.S. crackdown on China’s Huawei Technologies led chipmaker stocks in Europe and on Wall Street to slide on fears of a widening trade war, while the dollar was steady before fresh insight on the Federal Reserve’s interest rates policies this week. Asian shares managed to reverse some […]

Wall St. pressured as Huawei fallout hits tech shares

NEW YORK (Reuters) – U.S. stocks slid on Monday as the White House’s restrictions on Chinese telecom equipment company Huawei Technologies Co Ltd weighed on the technology sector and raised concerns that the move would further inflame trade tensions between the United States and China. Since the White House added Huawei to a trade blacklist […]