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February 22, 2020
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Reuters - Business

Huawei cyber security chief says no operator gives it access to intercept equipment

Reuters
LONDON (Reuters) – Huawei’s cyber security chief said on Friday that he was not aware of any mobile operator ever having given the Chinese company access to the equipment used to intercept calls when required to do so by security services. FILE PHOTO: The Huawei logo is seen on a......
Reuters - Business

New UK business minister urged to move fast on audit reform

Reuters
LONDON (Reuters) – Britain’s new business minister Alok Sharma was urged on Friday to come forward as soon as possible with a draft law to create a more powerful accounting watchdog. Britain’s Secretary of State for Business, Energy and Industrial Strategy Alok Sharma is seen outside Downing Street in London,......
Reuters - Business

Trump’s $4.8 trillion budget gets chilly reception from Congress

Reuters
WASHINGTON (Reuters) – President Donald Trump’s $4.8 trillion budget plan for the coming fiscal year drew a prompt rejection on Monday from congressional Democrats, who said it betrayed his promise to protect popular health and safety-net programs. The White House presented the budget as a blueprint for the president’s policy......
Reuters - Business

UK seeks big tariff reductions in U.S. trade deal

Reuters
LONDON (Reuters) – Britain is seeking far-reaching reductions in tariffs from a trade deal with the United States, trade minister Liz Truss said on Thursday, setting out the broad aims of her post-Brexit push to secure new free trade agreements. FILE PHOTO: A worker opens the door of a container......
Reuters - Business

Australia court fines AMP $3.5 million over incorrect insurance advice

Reuters
FILE PHOTO: The logo of AMP Ltd, Australia’s biggest retail wealth manager, adorns their head office located in central Sydney, Australia, May 5, 2017. REUTERS/David Gray/File Photo (Reuters) – Australia’s Federal Court has ordered wealth manager AMP Ltd (AMP.AX) to pay a penalty of A$5.2 million ($3.5 million) for failing......
Reuters - Business

Brexit trade deal clash: UK and EU spar over rules

Reuters
LONDON/BRUSSELS (Reuters) – The European Union and Britain clashed over a post-Brexit trade deal on Monday, with the two sides setting out very different visions of a future relationship that could result in the most distant of ties. Almost three days since Britain officially left the EU, both sides presented......
Reuters - Business

Brexit trade deal clash: UK and EU begin sparring over rules

Reuters
LONDON/BRUSSELS (Reuters) – The European Union and Britain clashed over a post-Brexit trade deal on Monday with Prime Minister Boris Johnson insisting he need not sign up to the bloc’s rules and Brussels warning of tariffs and quotas unless he did. Britain wants to negotiate a trade deal by the......
Reuters - Business

Burger King says it never promised Impossible Whoppers were vegan

Reuters
(Reuters) – Burger King, saying it never billed its “Impossible Whoppers” as vegan or promised to cook them a particular way, said a proposed class action by a vegan customer over the plant-based patties being cooked on the same grills as meat burgers should be thrown out. In a court......
Reuters - Business

Democratic witness bid seems doomed in Trump trial as Murkowski says no

Reuters
WASHINGTON (Reuters) – Another pivotal Republican announced opposition on Friday to calling witnesses in President Donald Trump’s U.S. Senate impeachment trial, appearing to doom a bid by Democrats to permit testimony and paving the way for his expected acquittal. Senator Lisa Murkowski said she carefully considered the need for witnesses......
Reuters - Business

U.S. farm bankruptcies hit an eight-year high: court data

Reuters
CHICAGO (Reuters) – U.S. farm bankruptcy rates jumped 20% in 2019 – to an eight-year high – as financial woes in the U.S. agricultural economy continued in spite of massive federal bail-out funding, according to federal court data. FILE PHOTO: A small rural farm is seen in a field of......
Reuters - Business

Owners of solar company that caused loss for Buffett plead guilty over Ponzi scheme

Reuters
(Reuters) – The husband-and-wife owners of DC Solar, a California solar company that caused Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) to take a $377 million charge last year, pleaded guilty on Friday to involvement in an estimated $912 million Ponzi scheme. Berkshire Hathaway Chairman Warren Buffett walks through the exhibit......
Reuters - Business

U.S. Justice Dept. plans to hold meeting to discuss tech industry liability: sources

Reuters
WASHINGTON (Reuters) – The U.S. Justice Department is planning to hold a conference to discuss the future of a federal law which largely exempts online platforms from legal liability for the material their users post, sources familiar with the plans said on Friday. FILE PHOTO: A general view of the......
Reuters - Business

U.S. regulator to review recommendation on Fiat Chrysler’s Jeep complaint against Mahindra

Reuters
DETROIT (Reuters) – A U.S. regulator said it will review part of a recommendation made last fall that India’s Mahindra and Mahindra Ltd (MAHM.NS) infringed upon the intellectual property rights of Fiat Chrysler Automobiles’ (FCHA.MI) Jeep SUV design. FILE PHOTO: ROXOR off-road vehicles are seen in the Mahindra Automotive North......
Reuters - Business

United States cautions Britain over Huawei

Reuters
DAVOS/LONDON (Reuters) – The United States cautioned Britain ahead of a decision by Prime Minister Boris Johnson on what role Huawei will have in 5G telecommunications networks that Washington still had significant concerns about the Chinese telecoms behemoth. The logo of Huawei is seen in Davos, Switzerland Januar 22, 2020.......
Reuters - Business

Britain says Huawei alternatives are limited, decision soon: minister

Reuters
The logo of Huawei is seen in Davos, Switzerland Januar 22, 2020. REUTERS/Arnd Wiegmann LONDON (Reuters) – Britain will soon decide what role China’s Huawei will have in its 5G telecommunications network but there are only a limited number of alternative providers, business minister Andrea Leadsom said on Thursday. “Well......
Reuters - Business

China repeats call on Canada to release Huawei CFO Meng

Reuters
FILE PHOTO: Huawei Chief Financial Officer Meng Wanzhou leaves her home to attend a case management conference in advance of her extradition hearing at B.C. Supreme Court in Vancouver, British Columbia, Canada January 17, 2020. REUTERS/Jennifer Gauthier BEIJING (Reuters) – China repeated its call on Monday for Canada to release......
Reuters - Business

China calls on Canada to release Huawei executive Meng

Reuters
FILE PHOTO: Huawei Chief Financial Officer Meng Wanzhou leaves her home to attend a case management conference in advance of her extradition hearing at B.C. Supreme Court in Vancouver, British Columbia, Canada January 17, 2020. REUTERS/Jennifer Gauthier BEIJING (Reuters) – China urged Canada on Monday to release detained Huawei Technologies......
Reuters - Business

Lawyers for Huawei CFO call Canada prosecutor’s arguments ‘circular’

Reuters
Huawei Chief Financial Officer Meng Wanzhou leaves her home to attend a case management conference in advance of her extradition hearing at B.C. Supreme Court in Vancouver, British Columbia, Canada January 17, 2020. REUTERS/Jennifer Gauthier VANCOUVER/TORONTO (Reuters) – Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based......

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