After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Burberry shares sink as it warns of ‘continued coronavirus impact’ July 15, 2020 Burberry shares sank more than seven per cent this morning as sales slumped 45 per cent during lockdown and the group warned that it will “take time” to recover from the severe impact of coronavirus. The British fashion staple said it sees no immediate end in sight to dented sales, as the pandemic continues to [...]
The Huawei ‘U-turn’ isn’t enough to keep Britain safe July 15, 2020 Yesterday, the UK government announced the results of its long-awaited review into Huawei’s role in our country’s 5G system. Following months of speculation and increasingly public and political concern about the influence of China, the new plan revises the January 2020 decision giving the Chinese telecoms giant a 35 per cent stake in Britain’s network [...]
Rival firms prepare to scoop up Huawei market share after government ban July 14, 2020 Rival telecoms firms welcomed the government’s announcement today that the UK will ban new Huawei products from its 5G infrastructure from next year, in a move that could signal a “gold rush” as alternative vendors scramble to scoop up Huawei’s market share in the UK. Speaking in the House of Commons today, culture secretary Oliver [...]
Huawei banned from UK’s 5G network after government U-turn July 14, 2020 The government will ban new Huawei products from being a part of the UK’s 5G network from next year and all its existing infrastructure will be removed by 2027 in a major U-turn. Huawei will also be banned from supplying equipment to the UK’s new full fibre broadband network, with the embargo likely to begin [...]
Give me Liberty or Give me TikTok July 14, 2020 Bytedance’s superstar mobile app, TikTok has risen to hero status becoming the go-to source of entertainment during lockdown. Viral dance challenges, comedic skits and short snippets of video content have grabbed the attention of over 1 billion monthly users. In a time where uncertainty and boredom reigns, a bit of creative romance is received with [...]
China threatens to sanction Lockheed Martin over Taiwan arms sales July 14, 2020 Lockheed Martin looks set to be slapped with sanctions by China for its role in providing arms to Taiwan, in a move likely to further damage the US’ relationship with the east Asian giant. Last week the US government approved a $620m upgrade package for a surface-to-air missile system, in which Lockheed is the main [...]
Former BP boss Lord Browne to step down as Huawei UK chair July 14, 2020 Lord John Browne has resigned as UK chairman of Huawei, ahead of an expected ban on the telecoms provider to be announced later today. He will step down from the board in September, ending his tenure seven months early. Culture secretary Oliver Dowden is expected to tell MPs this afternoon that the government will ban [...]
Asian shares retreat as virus and Sino-US tensions flare July 14, 2020 Asian stock markets slipped today, oil sagged and a safety bid supported the dollar as simmering Sino-US tensions and fresh coronavirus restrictions in California kept a lid on investor optimism as earnings season gets underway. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 1.2 per cent. Japan’s Nikkei retreated from a one-month high touched [...]
Huawei: Will the government ban the Chinese vendor tomorrow? July 13, 2020 Prime Minister Boris Johnson is due to decide whether to ban Huawei from the UK’s 5G infrastructure tomorrow, following intense pressure from MPs and US President Donald Trump to U-turn on a deal with the Chinese vendor over national security fears. In January, Johnson struck a deal with Huawei to build technology for the UK’s [...]
Asian shares climb as US earnings to test optimism July 13, 2020 Asian shares climbed toward five-month peaks today as investors wagered the US earnings season would see most companies beat forecasts given expectations had been lowered so far by coronavirus lockdowns. MSCI’s broadest index of Asia-Pacific shares outside Japan added one per cent, having climbed sharply last week on the back of surging Chinese stocks, which [...]