Take Five: What’s the deal?
U.S. President Donald Trump and Chinese officials have agreed to a “phase one” trade deal that includes cutting U.S. tariffs on Chinese goods. Source – For more click here
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Take Five: Deal or no deal?
LONDON (Reuters) – 1/WHAT’S THE DEAL? FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping shake hands after making joint statements at the Great Hall of the People in Beijing, China, November 9, 2017. REUTERS/Damir Sagolj Sunday is the deadline for a trade deal to prevent President Trump’s...
Ericsson to pay over $1 billion to resolve U.S. corruption probes
WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June...
Ericsson agrees to pay over $1 billion to resolve U.S. corruption probes
WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve probes into corruption, including the bribing of government officials, the U.S. Department of Justice said on Friday. FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June...
Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe
FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song WASHINGTON (Reuters) – Swedish mobile telecoms company Ericsson has agreed to pay over $1 billion to resolve a probe into corruption, including bribing of government officials, over many years in...
Ericsson agrees to pay over $1 billion to resolve U.S. corruption probe: statement
FILE PHOTO: An Ericsson logo is pictured at Mobile World Congress (MWC) in Shanghai, China June 28, 2019. REUTERS/Aly Song WASHINGTON (Reuters) – Mobile telecoms gear maker Ericsson has agreed to pay over $1 billion to resolve a foreign corruption probe, the U.S. Department of Justice said in a statement...
H&M’s brand COS to test clothing rentals in China with YCloset
The H&M clothing store is seen in Times Square in Manhattan, New York, U.S., November 15, 2019. REUTERS/Mike Segar STOCKHOLM (Reuters) – H&M (HMb.ST), the world’s second-biggest fashion group, said on Friday its brand COS had teamed up with Chinese subscription rental platform YCloset to try renting out clothes in...
Ryanair cuts planned capacity and jobs, blames 737 MAX delays
DUBLIN (Reuters) – Low-cost airline Ryanair (RYA.I) trimmed its passenger traffic forecast on Wednesday, saying it would cut summer capacity and an unspecified number of jobs as a result of further delays in returning Boeing’s (BA.N) grounded 737 Max aircraft to service. FILE PHOTO: A Ryanair Boeing 737-800 plane takes...
Exclusive: U.S. digs deeper into Deutsche role in Danske money laundering scandal – sources
FRANKFURT/NEW YORK (Reuters) – The U.S. Department of Justice has in recent weeks stepped up its investigation into Deutsche Bank’s role in the 200 billion euro ($220 billion) Danske Bank money laundering scandal, four people familiar with the inquiry told Reuters. One source said the DoJ’s new line of inquiry...
After $13 billion levy ruling, future of India’s tattered telecom sector hinges on government aid
NEW DELHI (Reuters) – The Indian government’s win of a long-contested dispute over telecom fees could end up a Pyrrhic victory, as the billions of dollars in levies now owed are seen as burdens too big to bear for two of the country’s three main carriers. FILE PHOTO: A rickshaw...
Ibrahimovic’s Malmo statue set on fire after Hammarby deal announced
Zlatan Ibrahimovic‘s statue outside Malmo’s stadium was set on fire on Wednesday in an apparent reaction to the former LA Galaxy striker becoming a part-owner of rivals Hammarby. Ibrahimovic, who sources have told ESPN FC could yet play for Hammarby, began his career at Malmo and is Sweden’s record international...
International stocks to outperform U.S. in 2020: investors
NEW YORK (Reuters) – Even though the U.S. stock market continues a record-breaking rally that has sent the benchmark S&P 500 index up nearly 25% for the year, investors appear to be looking elsewhere for better values in the year ahead. FILE PHOTO: Traders work on the floor at the...
H&M-backed startup puts bacteria to work in green dyeing process
STOCKHOLM/NORWICH, Britain (Reuters) – A British biotech startup is developing a method of textile dyeing that taps into the bright colors of birds and butterflies and has micro-organisms recreate them on fabric, slashing the use of water and heavy chemicals in the process. Patchwork of different types of material dyed...
Finnair cancels 276 flights as unions join solidarity strike
HELSINKI (Reuters) – Finland’s national airline Finnair (FIA1S.HE) said on Sunday it was forced to cancel 276 flights scheduled for Sunday and Monday after attempts to settle a labor dispute at the Finnish postal service failed, leading several Finnish labor unions to join a solidarity strike on Monday. FILE PHOTO:...
German 5G bidders must guarantee no foreign state meddling: CDU
LEIPZIG, Germany (Reuters) – Bidders for German 5G rollout contracts must guarantee the network will be free of foreign state influence, Chancellor Angela Merkel’s Christian Democrats agreed on Saturday, stopping short of singling out China’s Huawei. FILE PHOTO: A sign for the World 5G Exhibition is seen in Beijing, China...
EU countries back tough line on 5G suppliers in potential blow to Huawei
FILE PHOTO: A sign for 5G is seen at the World 5G Exhibition in Beijing, China November 22, 2019. REUTERS/Jason Lee/File Photo BRUSSELS (Reuters) – EU countries on Friday endorsed a tough line for selecting 5G suppliers, including vetting the domestic legal framework to which they are subjected, potentially dealing...
Swedbank CEO vows to ‘get to the bottom’ of sanctions breach allegation
STOCKHOLM (Reuters) – Swedbank (SWEDa.ST) CEO Jens Henriksson pledged to “get to the bottom” of an alleged transfer of funds from a Russian arms company which Swedish broadcaster SVT on Wednesday said may have violated U.S sanctions against Russia. FILE PHOTO: A view of the Swedbank in Tallinn, Estonia October...
Swedbank pledges prompt release of money laundering probe
STOCKHOLM (Reuters) – Swedbank (SWEDa.ST) pledged on Wednesday to conclude an internal probe into alleged money laundering at the Swedish lender by early next year, and said it was unaware of any breaches of U.S. sanctions after a broadcaster alleged such a lapse. FILE PHOTO: A view of the Swedbank...
Exclusive: KKR taps CK Infrastructure, buyout groups for Goodpack sale – sources
SINGAPORE (Reuters) – KKR & Co. (KKR.N) has tapped Hong Kong’s CK Infrastructure Holdings Ltd (1038.HK) and buyout groups including Blackstone (BX.N) and Sweden’s EQT AB (EQTAB.ST) to gauge buying interest for Singapore-based Goodpack, an intermediate bulk container maker, multiple sources with knowledge of the matter said. FILE PHOTO: Trading...