Reaction to UK allowing Huawei a role in 5G network
Britain will allow "high risk vendors" like Chinese telecoms giant Huawei [HWT.UL] a limited role in building its 5G networks, the government said on Tuesday.
Britain will allow "high risk vendors" like Chinese telecoms giant Huawei [HWT.UL] a limited role in building its 5G networks, the government said on Tuesday.
Lockheed Martin Corp , Pentagon's No.1 weapons supplier, reported a 19.6% rise in quarterly profit on Tuesday, helped by increased demand for its F-35 combat jets.
Battery company Advano, which is backed by iPod inventor and Nest founder Tony Fadell, announces $18.5 million in series A funding.
Airbus faces billions of dollars of fines after agreeing in principle to a settlement with French, British and U.S. authorities following a crippling three-year investigation into allegations of bribery and corruption.
U.S. industrial giant 3M Co forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it faces sluggish demand in Asia, its largest market outside the United States, sending its shares down 2.4%.
When Apple Inc posts quarterly results on Tuesday, investors will be looking for fresh evidence the iPhone maker should be treated as a producer of high-margin, subscription services after its stock market value touched $1.4 trillion and its earnings multiple trades at decade highs.
Harley-Davidson Inc on Tuesday reported a larger-than-expected decline in its motorcycles revenue, hurt by a continuing slide in retail sales in the United States, sending its shares plunging in pre-market trade.
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Prime Minister Boris Johnson on Tuesday granted China's Huawei a limited role in Britain's 5G mobile network, resisting U.S. pressure to exclude the company from next generation communications on fears China could use it to steal secrets.
The United States is disappointed by the United Kingdom's decision to grant Chinese telecommunications firm Huawei a limited role in its 5G mobile network, a senior Trump administration official said on Tuesday.
U.S. industrial giant 3M Co forecast 2020 profit below expectations and narrowly missed quarterly revenue estimates on Tuesday, as it continues to face sluggish demand in China, sending its shares down 2.8% in early trading.
Ryanair has warned pilots of possible base closures and job cuts as the date for delivery of its first 10 of Boeing's grounded 737 MAX aircraft slipped into the autumn. In a memo dated Jan. 27 seen by Reuters, the low-cost airline said Boeing would not deliver the first aircraft until September or October at the earliest, as Ryanair does not take deliveries during its peak summer months of June, July and August.
United Technologies Corp Chief Financial Officer Neil Mitchill said he expects 2020 operating profit at the U.S. aircraft parts maker's Collins Aerospace unit, its biggest, to be hurt largely due to the grounding of Boeing Co's 737 MAX aircraft.
U.S. stock indexes were on track to recover on Tuesday after the S&P 500 suffered its worst day in nearly four months in the previous session on fears that a coronavirus outbreak could hit global economic growth.
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