Vodafone pauses installation of Huawei equipment in Europe as spying tensions mount January 25, 2019 Vodafone has said it will stop installing Huawei equipment in its network until there is greater clarity over whether Chinese authorities could use its products for spying. Chief executive Nick Read said the company would temporarily stop the installation of new Huawei equipment in its core telecoms infrastructure in Europe. Read more: Government under pressure to [...]
Hyundai to lay off Chinese workers in wake of disappointing fourth-quarter sales January 25, 2019 South Korean car maker Hyundai has announced it is cutting jobs in China, after it reported a slump in quarterly sales in the country yesterday. “Hyundai Motor is reviewing various optimisation plans to enhance facility efficiency around the Chinese New Year holidays,” it said in a statement on Friday. Read more: Hyundai hit by first quarterly [...]
Vodafone third quarter revenue slips amid fierce sector competition January 25, 2019 Vodafone today said it maintains its full-year guidance despite a decline in revenues in the third quarter as the firm struggles with increasing competition in the telecoms sector. The FTSE 100 firm reported revenue of €11bn (£9.5bn), down by €0.8bn on the same period the year before. Read more: Vodafone and O2 eye sale of phone [...]
Hyundai hit by first quarterly losses since 2011 as China market fails to drive sales January 24, 2019 South Korean car maker Hyundai suffered its first quarterly loss since 2011 in the final three months of last year. The firm’s sales slumped in China, its biggest market, where car sales contracted for the first time in more than 20 years in 2018 as the effects of trade tariffs and the phasing out of [...]
Xiaomi Mi 8 Pro review, specs, price and details: The Mi 8 Pro marks the Chinese phone company’s UK debut January 24, 2019 At the end of last year, Chinese phone giant Xiaomi finally launched its first products in the UK. A household name in its home nation, the company is the fourth biggest phone manufacturer in the world after heavyweights Huawei and Samsung, and just a hare’s fart behind Apple. Xiaomi introduced itself to Britain with four [...]
Burberry keeps momentum from China despite trade war fears January 23, 2019 Fashion house Burberry bucked current concerns over a trade war between China and the US today, as Asian demand for its luxury clothing held up over the festive shopping season. The blue-chip firm, which has been embarking on a major turnaround plan to revive its fortunes for more than a year, said that comparable store sales [...]
Trevor Steven: Wolves have Nuno Espirito Santo and super-agent Jorge Mendes to thank for their successful return to the Premier League January 22, 2019 Wolves are having a tremendous first season back in the Premier League. Currently eighth in the table and, with just 23 games gone, already nearing a points tally that should end any lingering worries about relegation; they have taken the momentum of their promotion campaign and maintained it in the top flight. Their impressive manager [...]
Chinese economy grew at slowest rate since 1990 in 2018 as hopes for US trade deal persist January 21, 2019 China’s economy grew at its slowest rate since 1990 in 2018 as demand lessened and trade tariffs imposed by the US continued to bite. GDP growth eased to 6.4 per cent from 6.5 per cent in the third quarter, the National Bureau of Statistics said today, dragging full-year growth to 6.6 per cent, the slowest [...]
US stocks jump on renewed optimism of an end to the China trade war January 19, 2019 US stock indexes were up on Friday as Wall Street made its fourth successive week of gains, while the dollar also had its first positive week in a month. It comes on the back of renewed hope that the US-China trade war could be nearing its conclusion. Stocks jumped on news that China were considering [...]
From igloo glamping to glacier kayaking, the frozen landscape of the Pemberton Icecap has been transformed into a tourist hotspot January 18, 2019 Outside, the sun is blazing hot, a white glare cast across a vast expanse of snow. Inside the ice cave, it’s one degree above freezing; a gleaming cool blue cut through with a trickling lake of glacial water. Centre stage is a moulin, a frozen “straw” of ice that glows as the sunshine above ground [...]