LONDON/MUMBAI (REUTERS) - Time to abandon the Huawei phone? That was what some owners asked after US tech giant Google said it would suspend its business with China's top mobile maker, threatening future access to Gmail, YouTube and Chrome. Google said on Monday (May 20) it would comply with an order by US President Donald Trump to stop supplying Huawei, meaning it would no longer be able to offer its popular Android apps to buyers of new Huawei phones. The order to US companies could affect tens of millions of consumers in Europe, its biggest market outside mainland China. "I was absolutely shocked," Luna Angellica, the Dutch owner of a new Huawei P smart+ contacted by Reuters in London, said after the Google news. She was already "considering saving up"for a rival model, she added. Trump's move, said to be motivated by spying concerns amid a bitter trade war with China, could at a single blow derail Huawei's ambitions to overtake Samsung as the world's biggest phone maker. "I like … [Read more...] about Huawei mobile users ponder switching brand after Google news
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HONG KONG/BEIJING: The latest U.S. broadside against Huawei that puts the Chinese firm on an exports blacklist threatens to rattle the global tech supply chain, linked closely to the US$105 billion business of the world's top supplier of telecoms network equipment.The Trump administration has said it would add Huawei Technologies and 70 affiliates to its "Entity List" - a move that will likely ban the firm from acquiring U.S. components and technology without government approval, adding another incendiary element to the U.S.-China trade war.The ban is not yet effective.A similar U.S. ban on China's ZTE Corp had almost crippled business for the smaller Huawei rival early last year before the curb was lifted.Such sanctions on Huawei are, however, likely to have ramifications beyond the company itself, analysts said.It would disrupt Huawei's business at a minimum and all but put it out of business in an extreme, while its U.S. suppliers would also be hit, they said.Out of US$70 billion … [Read more...] about Huawei’s US$105 billion business at stake after US broadside
By Jennifer Wells Business Columnist Tues., April 30, 2019 It’s gotta hurt in some quarters — Oshawa — to hear General Motors CEO Mary Barra crowing about the ongoing refocusing of the automaker. “We are selling every truck we build,” Barra told analysts on a first-quarter conference call Tuesday morning. Sales of the revamped Chevrolet Silverado and GMC Sierra were up 20 per cent, year over year. Barra placed an emphasis not just on growth, but on showroom stickers. The new truck models are selling at the highest prices ever, Barra said. Nearly $6,000 (U.S.) higher than the outgoing models. “Outgoing” is code for “Oshawa,” where the plant had once been hard at work on the finishing assembly of the 2018 Sierra and Silverado models. GM HQ had made it clear at the time of its half-billion investment in the Oshawa truck works, which transformed a vastly underused car line to a pickup line, that this was merely a … [Read more...] about GM’s Mary Barra steers clear of rough corporate news
By Tara Deschamps Special to the Star Mon., April 29, 2019 New European rules that will make tech firms liable for copyright violations on their platforms have been both lauded by musicians and artists and lambasted by those who champion intellectual freedom. But one thing that’s not in dispute is that similar rules won’t be coming to Canada any time soon, experts say. The copyright directive, endorsed by 19 European countries in mid-April, will compel companies such as Google and Facebook to ensure copyrighted content — everything from music and films to news and books — isn’t posted on their platforms without a creator’s permission. Some tech firms may have to acquire licences to host such material. The EU’s 28 member states now have two years to adopt the rules and create their own policies. The reforms have been touted as a way to rein in powerful tech firms and restore revenues to creative industries, often paid fractions … [Read more...] about Canada likely won’t copycat EU copyright rules, experts say. So what’s next?
SHANGHAI -- Asian stock markets edged up on Monday after surprising strong US first-quarter economic growth boosted the S&P 500 index to a record high, but gains were capped by caution over less upbeat aspects in the GDP report which pointed to some weakening ahead. Investors were also awaiting a meeting of the US Federal Reserve this week and Chinese factory data for further clues on policy direction in the world's biggest economies. MSCI's broadest index of Asia-Pacific shares outside Japan was up less than 0.1 percent, edging higher after posting its biggest weekly drop in more than a month last week. Australian shares were down 0.26 percent, while Seoul's KOSPI was up 0.4 percent. Japan's financial markets are closed for a long national holiday this week, but Nikkei 225 futures in Singapore were 0.72 percent higher. In contrast with weakness in Asian markets last week, Wall Street ended Friday on a high note following data showing US gross domestic product grew at a faster 3.2 … [Read more...] about News Asian shares rise on strong US GDP, eyes on Fed, China