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Huawei founder says growth ‘may slow, but only slightly’ after US restrictions

Sunday, 19 May 2019

Huawei Technologies’ founder and chief executive Ren Zhengfei said on Saturday the growth of the Chinese tech giant “may slow, but only slightly” due to recent US restrictions. In remarks to the Japanese press and reported by Nikkei Asian Review, Ren reiterated that the Chinese telecom equipment maker has not violated any law. “It is expected that Huawei’s growth may slow, but only slightly,” Ren told Japanese media in his first official comments after the ...

Uber launches new feature for Saudi women drivers to choose passengers

Saturday, 18 May 2019

Uber has launched a new feature allowing female drivers in Saudi Arabia to block male passengers from hailing a ride with them.The “Women Preferred View” feature was launched in April, after a 2018 Uber survey in Saudi Arabia found 74 percent of female drivers would not take male passengers.After the driving ban on women in Saudi Arabia was lifted, Uber launched ‘Masaruky’ – an initiative aimed at increasing women’s participation in the workforce through ...

Facebook forms Swiss fintech firm with payments focus

Saturday, 18 May 2019

Facebook has set up a new financial technology company in Switzerland focusing on blockchain and payments as well as data analytics and investing, Geneva’s commercial register shows. Libra Networks, with Facebook Global Holdings as stakeholder, was registered in Geneva on May 2 to provide financial and technology services and develop related hardware and software, plans submitted on the Swiss register reveal. Facebook, whose social network has more than 2 billion users, did not ...

Boeing says 737 Max software update is complete

Friday, 17 May 2019

Boeing said on Thursday that it completed its software update on the 737 MAX after two deadly crashes resulted in a global grounding of the aircraft. The proposed fix, which addresses a problem with a flight handling system thought to be a factor in both crashes, must now win approval from US and international regulators before the planes can return to service. “With safety as our clear priority, we have completed all of the engineering test flights for the software update and are ...

Pakistan airspace restrictions extended to May 30

Thursday, 16 May 2019

Pakistan has extended airspace restrictions until the end of May, a civil aviation official said on Thursday, forcing foreign carriers to take costly detours since the country’s standoff with rival India.Pakistan closed its airspace in February after a suicide bomber from Pakistan-based militant group Jaish-e- Mohammed (JeM) attacked a convoy in Indian-controlled Kashmir.Following the attack, both countries carried out aerial bombing missions on each other’s soil and their warplanes ...

Trump declares national emergency, bars Huawei equipment from US telecom firms

Thursday, 16 May 2019

The Trump administration on Wednesday took aim at China’s Huawei Technologies Co Ltd, banning the firm from buying vital US technology without special approval and effectively barring its equipment from US telecom networks on national security grounds. In the first action taken on Wednesday, President Donald Trump signed a long-awaited executive order declaring a national emergency and barring US companies from using telecommunications equipment made by firms posing a national security ...

Huawei chairman says ready to sign ‘no-spy’ deal with UK

Wednesday, 15 May 2019

Chinese telecom giant Huawei is willing to sign a “no-spy” agreement with countries including Britain, the firm’s chairman said on Tuesday, as the head of NATO said Britain must preserve secure mobile networks.Liang Hua visited Britain as the government weighs the risks of allowing the Chinese company to help develop its 5G infrastructure.“We are willing to sign ‘no-spy’ agreements with governments, including the UK government, to commit ourselves, to commit ...

Uber drivers are contractors not employees, US labor agency says

Wednesday, 15 May 2019

 Drivers for ride-hailing company Uber Technologies Inc are independent contractors and not employees, the general counsel of a US labor agency has concluded, in an advisory memo that is likely to carry significant weight in a pending case against the company and could prevent drivers from joining a union.The recommendation by the office of general counsel Peter Robb, who was appointed to the National Labor Relations Board by President Donald Trump, was made in a memo dated April 16 and ...

India’s Jet Airways sees management exodus as rescue hopes dim

Tuesday, 14 May 2019

The chief executive and two other senior figures at Jet Airways have quit, the Indian company said on Tuesday, further eroding any hopes of a rescue of the debt-laden carrier that grounded operations last month.Jet, once the biggest private carrier in the country, owes vast sums to its lessors, employees, fuel suppliers and other parties. It stopped all flights from April 17 after its lenders refused to give it any more funds to keep the carrier flying.Jet, also saddled with roughly $1.2 billion ...

Trump seeks extra $1.6 bln in NASA spending under goal of returning to moon

Tuesday, 14 May 2019

The Trump administration asked Congress on Monday to increase NASA spending next year by an extra $1.6 billion to accommodate the accelerated goal of returning Americans to the surface of the moon by 2024.The increased funding request, announced by President Donald Trump on Twitter, comes nearly two months after Vice President Mike Pence declared the objective of shortening by four years NASA’s timeline for putting astronauts back on the moon for the first time since 1972.The proposed ...

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