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February 28, 2020
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Reuters - Business

U.S. judge rejects Huawei challenge to federal law restricting its business

Reuters
FILE PHOTO: The Huawei logo is pictured at the IFA consumer tech fair in Berlin, Germany, September 6, 2019. REUTERS/Hannibal Hanschke (Reuters) – A federal judge in Texas on Tuesday rejected Chinese telecommunications equipment maker Huawei Technologies’ constitutional challenge to a U.S. law that restricted its ability to do business......
Reuters - Business

U.S. mulls cutting Huawei off from global chip suppliers, with TSMC in crosshairs

Reuters
WASHINGTON (Reuters) – The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan’s TSMC (2330.TW), the world’s largest contract chipmaker, two sources familiar with the matter said. FILE PHOTO: The Huawei booth is shown during the......
Reuters - Business

U.S. raises tariffs on European aircraft in ongoing dispute over subsidies

Reuters
WASHINGTON (Reuters) – The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies. FILE PHOTO: The logo of Airbus is pictured at the aircraft builder’s......
Reuters - Business

Judge grants Amazon motion for pause in Microsoft’s Pentagon contract work

Reuters
WASHINGTON (Reuters) – A U.S. judge on Thursday granted Amazon.com Inc’s request to temporarily halt the U.S. Department of Defense and Microsoft Corp from moving forward on an up-to-$10 billion cloud computing deal that Amazon says reflected undue influence by President Donald Trump. Amazon, which had been seen as a......
Reuters - Business

Exclusive: South Africa seeks to unlock stalled arms sales to Saudi, UAE

Reuters
JOHANNESBURG (Reuters) – South Africa aims to free up over a billion dollars in stalled weapons sales, including to Saudi Arabia and United Arab Emirates, by amending a document at the heart of an export row, a senior arms control official told Reuters. FILE PHOTO: A Denel company logo is......
Reuters - Business

White House dismisses idea of U.S. buying Nokia, Ericsson to challenge Huawei

Reuters
WASHINGTON (Reuters) – U.S. Vice President Mike Pence on Friday and the top White House economic adviser dismissed an unusual suggestion from U.S. Attorney General William Barr that the United States consider taking control of two major foreign rivals of China-based Huawei Technologies Co Ltd. FILE PHOTO – U.S. Vice......
Reuters - Business

British engineer Babcock’s Archie Bethel to retire as CEO

Reuters
FILE PHOTO: Babcock International CEO Archie Bethel speaks to Reuters during an interview in London, Britain February 6, 2019. REUTERS/Hannah McKay/File Photo (Reuters) – Babcock International (BAB.L) said on Wednesday Archie Bethel would be retiring as the British engineering firm’s chief executive officer after being in the role for more......
Reuters - Business

Airbus agrees to settle corruption probes with U.S., France, UK

Reuters
PARIS (Reuters) – Airbus (AIR.PA) has agreed in principle to a settlement with French, British and U.S. authorities over an investigation into allegations of bribery and corruption, it said on Tuesday. FILE PHOTO: An Airbus A350 takes off at the aircraft builder’s headquarters in Colomiers near Toulouse, France, September 27,......
Reuters - Business

Former top U.S. general Dunford joining Lockheed Martin’s board

Reuters
WASHINGTON (Reuters) – The former top U.S. military official, General Joseph Dunford, has been elected to the board of Lockheed Martin Corp (LMT.N), the Pentagon’s largest weapons supplier, the company said on Friday. FILE PHOTO: Joint Chiefs Chairman Gen. Joseph Dunford arrives in the Rotunda before the casket of U.S.......
Reuters - Business

Airbus flies to record highs, TUI falls after latest Boeing blow

Reuters
FILE PHOTO: An Airbus A350 takes off at the aircraft builder’s headquarters in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau/File Photo PARIS/LONDON (Reuters) – Airbus’ (AIR.PA) shares rose to record highs on Wednesday, after its U.S. arch rival Boeing (BA.N) warned of new issues with the Boeing 737......

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