5G subscriptions to hit 1.9bn in 2024 as operators race to roll out new networks June 11, 2019 The number of subscriptions to 5G mobile networks is expected to hit 1.9bn in 2024 as operators ramp up their deployment, according to a new report. Read more: Three becomes latest UK mobile operator to set 5G launch date Telecoms firm Ericsson said it has lifted its forecasts for 5G uptake over the next five [...]
Taxify relaunches in London under Bolt branding in challenge to Uber June 11, 2019 The European ride-hailing firm formerly known as Taxify is today relaunching its services in London, two years on from being forced to halt rides in the capital. The firm, which first entered the UK market in 2017 via the purchase of an existing private hire business, had its third-party licence suspended by Transport for London [...]
FTSE hits five-week high as stock markets buoyed by Trump tariff reprieve June 10, 2019 The FTSE 100 hit a five-week high this morning as the easing of global trade fears and a falling pound boosted the UK’s main stock market index. Read more: US and Mexico sign agreement to avoid tariffs US President Donald Trump’s decision to row back on tariffs on Mexico that were due to come into [...]
G20 statement swerves call to end US-China trade war June 9, 2019 G20 finance ministers have warned “trade and geopolitical tensions” pose a risk to international growth in an official statement, without directly addressing the US-China trade dispute. Read more: IMF head: US-China trade war biggest threat to global growth After much debate over the wording of a “communique” from their meeting in Japan, ministers today said [...]
IMF head: US-China trade war biggest threat to global growth June 9, 2019 The head of the International Monetary Fund (IMF) has labelled the US-China trade war the principal threat to the global economy. Read more: IMF chief says majority of countries to see slow growth in 2019 Christine Lagarde said US-China tariffs could reduce the level of global GDP by 0.5 per cent or around $455bn (£357bn) [...]
Ban on Chinese telecoms vendors would add $62bn to Europe’s 5G bill June 7, 2019 A ban on buying telecoms equipment from Chinese vendors would add $62bn (£48bn) to the cost of 5G networks in Europe, according to an industry analysis. The Trump administration blacklisted purchases Huawei in May as part of a long-running dispute with the company. The United States alleges that Huawei is too close to the Chinese [...]
Facebook rips apps off new Huawei smartphones June 7, 2019 Facebook has suspended pre-installation of its apps on new Huawei phones, dealing the latest blow against the beleaguered Chinese telecoms giant. The apps affected by the suspension will include Facebook, Instagram and Whatsapp. Customers who already have Huawei phones will still be able to access and update their apps. But the company’s new phones will [...]
Samsung cuts output at its last Chinese smartphone factory June 5, 2019 Samsung will cut production at its last remaining smartphone factory in China, as its loses ground on domestic rivals. Read more: Trump: US and UK will reach an agreement on Huawei The reduction comes just six months after the South Korean firm announced the closure of its factory in Tianjin. Another factory in Shenzhen closed [...]
Biffa profit almost halves on onerous contracts and debt payments June 5, 2019 Waste management firm Biffa’s profit almost halved in its latest financial year, as the company absorbed expensive one-off charges. Read more: Biffa shares jump as it remains on track for full-year growth The UK firm’s results for thr 12 months to the end of March, released today, put the fall down to onerous contracts, debt [...]
Trump meets FTSE business leaders over breakfast June 4, 2019 Business leaders will sit down for breakfast with US President Donald Trump this morning as part of a bid to strengthen transatlantic relations, as fears over an impending global trade war continue to mount. Representatives from 10 leading companies – five from the UK and five from the US – will break bread at St [...]