US pressure to ban Huawei from 5G infrastructure ‘belittles’ national security April 16, 2019 The US government’s campaign to ban Huawei from 5G networks “belittles national security”, the firm’s cyber security boss has said. Huawei senior vice president John Suffolk accused the US of using national security as an excuse to stifle competition from China. Suffolk brushed off allegations that Huawei’s equipment could be used for spying, insisting the [...]
Blackrock profits fall but still beat analysts’ expectations April 16, 2019 Blackrock saw profits fall in the first quarter of the year but the fund management giant nonetheless beat analysts’ expectations after announcing results today. Read more: Blackrock boss Larry Fink calls UK 'irresponsible' over Brexit uncertainty Shares in the company had risen 2.7 per cent just after 4pm UK time, to $4.64 ($3.56). The figures Net income [...]
Struggling mattress firm Eve Sleep unveils new finance chief as turnaround plan continues April 16, 2019 Eve Sleep threw open the curtains this morning to reveal its new chief financial officer will be Tim Parfitt, former finance boss at furniture retailer Loaf. Read more: Don't hit snooze: Eve Sleep calls on Apple to kill snooze button The struggling mattress seller said Parfitt would start in the role in mid-June, replacing outgoing [...]
Eurozone construction sector bounces back in February after weak January April 16, 2019 The Eurozone’s construction sector bounced back in February from a decline in January, new data from the EU’s statistics body has shown. Read more: Eurozone construction growth slows as bloc faces gloomy economy Total construction in the single currency area grew three per cent in February compared the previous month, after falling 0.8 per cent in [...]
EU ‘dreams’ of UK U-turn on Brexit decision, says Donald Tusk April 16, 2019 European Parliament president Donald Tusk said today that Europe needs dreamers who believe Britain may remain in the European Union nearly three years after it voted to leave. Read more: DEBATE: Is Nigel Farage back as a serious force in politics? “We cannot give into fatalism,” Tusk said in a report to the European Parliament. “During [...]
Amazon hit with thousands of fake five-star reviews, research finds April 16, 2019 Thousands of suspicious and unverified reviews have cropped up on Amazon for five-star rated tech products from unheard of brands. The reviews were often posted on the same day or in the same short period of time, according to consumer magazine Which, with identical reviews left for the same product on Amazon and in some [...]
German investors more optimistic thanks to Brexit delay April 16, 2019 Investors are more optimistic about the struggling German economy than they were a month ago, in a sign that Europe’s biggest economy may be about to turn a corner. Read more: Eurozone manufacturing sector contracts with Germany shrinking fastest German research institute ZEW’s monthly survey of sentiment among analysts swung into positive territory for the [...]
Investors fear Turkey’s recession could be a contagion risk to emerging market economies – but they have nothing to to worry about April 16, 2019 Recent local elections in Turkey saw opposition parties gain control of the country’s economic engines, such as the capital Ankara, while no clear winner emerged in Istanbul, Turkey’s most populous city. This only reiterated the state of Turkey’s current economy – the country is experiencing its first recession in a decade. Last summer’s currency crisis, [...]
Tesco and Dunelm defy retail gloom April 16, 2019 | City Talk By Graeme Evans from interactive investor. Impressive updates from Tesco and Dunelm show opportunities still exist in the embattled retail sector. A big hike in the Tesco (LSE:TSCO) dividend and an “incredible” trading update from Dunelm Group (LSE:DNLM) today combined to remind Brexit-weary investors there is life in the retail sector after all. The near-doubling [...]
Commuters brace for summer Tube strike chaos as rail union threatens industrial action April 16, 2019 London is heading for a summer of strikes as the RMT rail union warned it is preparing a ballot for industrial action over potential job losses on the Underground. The union is already battling London Underground bosses over staff pay and the maintenance of trains, in a fight that could result in "London-wide" strikes. Read more: [...]