VANCOUVER (Reuters) – A Canadian provincial court on Monday weighed whether to grant bail to a top executive of one of the world’s biggest telecommunications companies, Huawei Technologies [HWT.UL], while she awaits a ruling on extradition to the United States. U.S. prosecutors want Chief Financial Officer Meng Wanzhou to be extradited to face accusations she […]
VANCOUVER (Reuters) – A Canadian provincial court in Vancouver on Monday weighed whether to grant bail in an extradition case to a top executive of China’s Huawei Technologies [HWT.UL] following her arrest at the request of the United States. Lawyers for Huawei’s Chief Financial Officer Meng Wanzhou made their case for her freedom, arguing that […]
British Prime Minister Theresa May said she was delaying a planned vote in parliament on her Brexit deal as it was set to be rejected “by a significant margin”. “It is clear that while there is broad support for many of the key aspects of the deal, on one issue, the Northern Ireland backstop, there […]
Sterling fell by more than a cent to just above $1.26, its lowest level since June 2017 – and also dipped by more than a cent against the euro to less than €1.11. The currency has been battered by recent uncertainty about Brexit. Experts expect to see it dip sharply if there is no deal. […]
Theresa May has decided to call off the Commons vote on her Brexit deal, a source has confirmed. The vote was set to be held on Tuesday evening, but the British Prime Minister appeared to be heading for a certain and heavy defeat which could severely damage her position. Responding to the announcement, Taoiseach Leo […]
Gas and electricity provider One Select energy has ceased trading affecting 36,000 customers. It comes just days after Citizen’s Advice named it worst in the market for customer service. The good news is that under Ofgem’s safety net, households will continue as normal for the time being, however the regulator is in talks for a […]
TOKYO — Prosecutors in Japan on Monday indicted Carlos Ghosn, the former chairman of Nissan Motor, and the auto company, accusing them of violating financial laws by underreporting his compensation. The indictment came three weeks after the Japanese authorities arrested Mr. Ghosn, 64, once one of the auto industry’s best-known and most respected executives. The […]
TOKYO (Reuters) – Global stocks extended their slump on Monday, with U.S. equity futures and Asian shares sliding on worries over slowing growth and fears that a fresh flare-up in tensions between Washington and Beijing could quash chances of a trade deal. Traders returned from the weekend to face a growing wall of worry, with […]
Housing activity hit a three-month high in November as the construction industry marked its 63rd month of expansion, according to Ulster Bank. “The rate of overall expansion picked up from October’s over three-and-a-half-year low as the headline index rose from 52.9 in October to 55.5 in November, in the process halting a three-month sequence of […]
BEIJING (Reuters) – Alibaba Group Holding Ltd (BABA.N) said on Monday it will increase its stake in Hong Kong-listed Alibaba Pictures (1060.HK) to 51 percent, taking control of the film unit’s board. Alibaba Pictures will issue one billion new shares to Alibaba at HK$1.25, valuing the exchange at roughly HK$1.25 billion ($159.9 million), the e-commerce […]