Huawei braces for fresh criticism in upcoming GCHQ review amid spying claims February 4, 2019 Huawei is set to come under fresh scrutiny in an upcoming government report that will criticise the company for its alleged failure to address security concerns. The next annual report by the National Cyber Security Centre’s (NCSC) specialist facility will criticise Huawei over the security of its technology and slam the firm for failing to fix [...]
Dubai-based airline Emirates hit by 50 per cent profit drop as fuel costs bite November 15, 2018 Dubai-headquartered airline Emirates suffered its lowest half-year profit in a decade as it warned “the next six months will be tough". Emirates today said its profit plunged 53 per cent to 1.1bn United Arab Emirates dirhams (£240m) while revenue climbed 10 per cent to 54.4bn United Arab Emirates dirhams (£48.3bn). It said its results were [...]
Saudi prince says CIA can not be trusted in assessment of Jamal Khashoggi’s murder November 24, 2018 A senior member of the Saudi royal family today dismissed the CIA’s finding that Saudi Crown Prince Mohammed bin Salman ordered the killing of journalist Jamal Khashoggi. Prince Turki al Faisal said the US agency could not be trusted to come to the correct conclusion, after it was reported that the CIA believes the Crown [...]
Huawei chief financial officer Meng Wanzhou’s bail hearing to to continue as judge weighs flight risk December 11, 2018 Huawei's chief financial officer Meng Wanzhou is set to return to court for a third day of bail hearings today as she discovers if she will be freed on bail pending extradition to the US. Meng, faces accusations that she misled banks about Huawei’s control of a company operating in Iran, putting the banks at [...]
Davos 2020 live: Carrie Lam ‘disappointed’ by rating downgrade January 21, 2020 Please manually refresh this page for our latest Davos 2020 updates. The World Economic Forum at Davos is focusing on sustainability this year. US President Donald Trump is set to make a special address, despite his impeachment beginning in the Senate. Environmental activist Greta Thunberg hosts a panel session. Read more: What is Davos 2020? [...]
Huawei chairman steps into CFO role after Canada arrest sparked global sell-off December 7, 2018 Chinese tech company Huawei has appointed its chairman as acting chief financial officer following the arrest of CFO Meng Wanzhou in Canada. Liang Hua will take on the additional responsibilities of CFO after a turbulent day for the company saw its share price fall by 4.46 per cent. The news rocked markets, triggering a sell-off in Asia, Europe and the US as [...]
CBI: May must secure support for Brexit deal for UK economy to post moderate growth December 6, 2018 The UK economy will have a tough time posting even moderate growth next year without an orderly Brexit, the Confederation of British Industry (CBI) warned today. The CBI’s forecast of 1.3 per cent growth in 2018, 1.4 per cent in 2019 and 1.6 per cent in 2020, a slightly lower set of predictions than the [...]
German foreign minister calls for an international payments network that is independent of the US August 22, 2018 Germany chancellor Angela Merkel today stopped short of backing her foreign minister's call for Europe to create an international payments network separate from US involvement in a bid to save the west's nuclear deal with Iran. Saying that Europe and the US have “drifted apart for years”, Heiko Maas described it as "essential" that Europe establish a European Monetary Fund and an [...]
Opec forecasts fall in demand days after cutting output by 1.2m barrels December 12, 2018 Opec yesterday slashed oil demand projections, saying that the global appetite for its oil would fall to 31.44m barrels per day next year, 100,000 less than previous estimates. The oil producers cartel last week cut output in response to a glut in global supply which had forced prices down. However, the organisation said yesterday it [...]
Iran has been blamed for the cyber attack on Parliament over the summer October 14, 2017 Iran carried out a cyber attack on parliament this summer, according to reports. MPs including Theresa May and other cabinet officials were hit by the June attack, which affected around 9,000 email accounts. In total, around 90 were compromised. The Times first reported the “sustained and determined” attack was traced to Tehran, citing a secret [...]