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Britain says Huawei “shortcomings” expose new telecom networks risks

Britain says Huawei “shortcomings” expose new telecom networks risks

The report was released after sources told Reuters that senior British security officials say they can now give only limited assurances that Huawei’s UK operations pose no threat to national security. The Huawei logo is seen in a shop in Shanghai on May 3, 2018.(AFP pic) LONDON: Technical and supply-chain issues with equipment made by […]

July 19, 2018 | By | Reply More
Aviation industry urged to hire more women as staff shortages loom

Aviation industry urged to hire more women as staff shortages loom

The industries are coming under scrutiny because of the low numbers of women employed as senior executives or airline pilots. A woman pilot poses for a photograph in the A320 flight simulator at the Aeroflot training centre at Sheremetyevo airport outside Moscow, Russia. (Reuters pic) FARNBOROUGH: Executives from top aerospace and aviation companies called on […]

July 19, 2018 | By | Reply More
AirAsia receives US$172 million for transfer of 17 aircraft, assets

AirAsia receives US$172 million for transfer of 17 aircraft, assets

The cumulative number of aircraft transferred was 30 and the company had received gross proceeds totalling US$355 million. AirAsia. (Reuters pic) KUALA LUMPUR: AirAsia Group Bhd (AAGB) has received US$172.0 million in gross proceeds for the transfer of 17 aircraft and assets under the agreements for the proposed disposals of its aircraft leasing operations. In […]

July 19, 2018 | By | Reply More
Air France-KLM and China Eastern Airlines broaden their joint venture

Air France-KLM and China Eastern Airlines broaden their joint venture

Air France-KLM and China Eastern Airlines will add Paris-Wuhan and Paris-Kunming routes. China Eastern Airlines is in a joint venture with Air France-KLM. (Reuters pic) PARIS: Air France-KLM and its stakeholder and business partner China Eastern Airlines announced plans on Thursday to broaden their joint venture to take in new routes. The companies said they […]

July 19, 2018 | By | Reply More
Indonesia’s Bank Mandiri profit jumps, explores global bonds issue

Indonesia’s Bank Mandiri profit jumps, explores global bonds issue

The biggest challenge for the bank remained its liquidity issue, given the rupiah weakening and economic conditions, CEO Kartika Wirjoatmodjo told media. Bank Mandiri posted a 49% jump in net profit last year. (Reuters pic) JAKARTA: PT Bank Mandiri Tbk, one of Indonesia’s largest banks by assets, posted a 28.7% jump in first-half net profit on […]

July 19, 2018 | By | Reply More
Singapore’s Keppel Q2 profit up 44% on property, infrastructure divisions

Singapore’s Keppel Q2 profit up 44% on property, infrastructure divisions

Keppel, whose businesses range from rig-building to property development, posted a net profit of S$246 million (US$179 million)for the quarter ended June, versus S$171 million a year-ago. A Keppel Corporation logo in the central business district of Singapore February 22, 2016. (Reuters pic) SINGAPORE: Singapore’s Keppel Corp posted a 44% rise in its second-quarter profit, citing […]

July 19, 2018 | By | Reply More
Nigerians bury cash in backyards as mobile money stumbles

Nigerians bury cash in backyards as mobile money stumbles

Financial inclusion in Nigeria has gone backwards as the regulator blocked network operators from applying for mobile-money licenses that would allow cash transfers without the need for a bank account. A currency dealer counts bundles of naira banknotes for exchange on the ‘black market’ in Lagos, Nigeria. (Bloomberg pic) LAGOS: Every few days, Tasiu Abdurrahman […]

July 19, 2018 | By | Reply More
Singapore third country to ratify Asia-Pacific trade pact

Singapore third country to ratify Asia-Pacific trade pact

The landmark deal was signed by the 11 countries including Japan, Canada and Mexico after Trump pulled out of the Trans-Pacific Partnership (TPP) three days after taking office last year. Ministers wave as they pose for the official picture before signing the rebranded 11-nation Pacific trade pact, CPTPP in Santiago, on Mar 8, 2018. (AFP […]

July 19, 2018 | By | Reply More
Sports Direct profit sinks as Ashley’s Debenhams bet backfires

Sports Direct profit sinks as Ashley’s Debenhams bet backfires

Sports Direct’s pre-tax profit fell by 73% due to the effects of founder Mike Ashley’s ill-advised investment in Debenhams. Debenhams shares have hit all-time lows. (Bloomberg pic) SHIREBROOK: Sports Direct International Plc investors have been left counting the cost of billionaire founder Mike Ashley’s wheeling and dealing. The UK sportswear retailer’s pre-tax profit slumped 73% […]

July 19, 2018 | By | Reply More
Pandora shares dip after cutting China retail prices

Pandora shares dip after cutting China retail prices

Pandora to cut retail prices on most products in China by about 15% to combat grey market trade and to “balance the retail price difference in the mainland Chinese market and other markets. Pandora jewellery (Bloomberg pic) COPENHAGEN: Shares in the world’s biggest jewellery maker, Pandora A/S, slumped the most in eight weeks as investors […]

July 19, 2018 | By | Reply More