US Justice Dept asks appeals court to pause antitrust ruling against Qualcomm

Wednesday, 17 July 2019

The US Justice Department asked a federal appeals court to pause the enforcement of a sweeping antitrust ruling against mobile chip supplier Qualcomm Inc on Tuesday, citing support from the Energy Department and Defense Department. “For DoD, Qualcomm is a key player both in terms of its trusted supply chain and as a leader in innovation, and it would be impossible to replace Qualcomm’s critical role in 5G technology in the short term,” Ellen M. Lord, Under Secretary for ...

Pearson goes ‘digital first’ in US college market

Tuesday, 16 July 2019

Pearson, the world’s biggest education company, will release all its titles for the United States college market in digital form first, in a break from the traditional and more expensive textbook publishing model. The British provider of textbooks, courseware and testing has been hit in recent years by changes in the US market as students sought to save money by buying second-hand books, hammering its sales and profit. However it hailed a tipping point earlier this year when it said its ...

Bitcoin drops more than 10 pct as scrutiny of cryptocurrencies grows

Monday, 15 July 2019

Bitcoin slumped more than 10 percent over the weekend to a two-week low as fears of a crackdown of cryptocurrencies grew on mounting scrutiny of Facebook’s planned Libra digital coin.Bitcoin fell 11.1 percent from Friday to $9,855 early on Monday, its lowest since July 2. The original cryptocurrency slumped 10.4 percent on Sunday alone, its second-biggest daily drop this year. It was last up 0.5 percent at $10,245.Politicians and financial regulators across the world have called for ...

US firms may get nod to restart Huawei sales in 2-4 weeks: Official

Monday, 15 July 2019

The US may approve licenses for companies to re-start new sales to Huawei in as little as two weeks, according to a senior US official, in a sign President Donald Trump’s recent effort to ease restrictions on the Chinese company could move forward quickly. Huawei, the world’s largest telecommunications equipment maker, was added to a Commerce Department list in May that prohibits US companies from supplying it with new American-made goods and services unless they obtain licenses that ...

Kuwait to issue virtual telecom operator license

Monday, 15 July 2019

Kuwait is to issue a virtual telecom operator license, effectively creating a fourth player in a market serving roughly four million people. Virtual network operators do not own the networks they use to provide communications services but instead lease capacity from conventional operators, usually paying them a percentage of their revenue as well as fees. Kuwait’s Communications and Information Technology Regulatory Authority has issued a request for applications for the license, ...

American Airlines extends Boeing 737 MAX cancellations for fourth time

Monday, 15 July 2019

American Airlines Group Inc said on Sunday it is extending for a fourth time cancellations of about 115 daily flights into early November due to the ongoing grounding of the Boeing Co 737 MAX jets. The airline’s decision was expected after the Federal Aviation Administration, which must reapprove the jets for flight following two fatal crashes, last month uncovered a new flaw that Boeing estimates will take until at least September to fix. “American Airlines ...

$5 bln US fine set for Facebook on privacy probe, says report

Saturday, 13 July 2019

US regulators have approved a $5 billion penalty to be levied on Facebook to settle a probe into the social network’s privacy and data protection lapses, the Wall Street Journal reported on Friday. The newspaper said the Federal Trade Commission approved the settlement in a 3-2 vote, with the two Democratic members of the consumer protection agency dissenting. According to the report, the deal, which would be the largest penalty imposed over privacy violations, still needs approval from ...

Huawei calls on US to lift export restrictions

Friday, 12 July 2019

The chairman of Huawei says the Chinese tech giant has yet to see any benefit from President Donald Trump’s promise to allow US companies to sell some components to the company and called on Washington to remove it from a security blacklist. Liang Hua said Friday the “unjust and unfair” decision to add Huawei, the biggest maker of network equipment used by phone companies, to a list that restricts exports is hurting its US suppliers and global customers. Trump promised last ...

Trump blasts Bitcoin, Facebook’s Libra, demands they face banking rules

Friday, 12 July 2019

US President Donald Trump on Thursday criticized Bitcoin, Facebook’s proposed Libra digital coin and other cryptocurrencies and demanded that companies seek a banking charter and make themselves subject to US and global regulations if they wanted to “become a bank.” “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air,” Trump wrote on Twitter. “If Facebook and other companies ...

Twitter back up partially after worldwide outage, shares down

Thursday, 11 July 2019

Twitter Inc said on Thursday its microblogging platform was back up partially after suffering a worldwide outage for more than an hour. “We were down ... and now slowly coming back up. Sorry!,” Chief Executive Officer Jack Dorsey said in a tweet. The interruption was due to an internal system change, the company said, adding that it was working to fully fix the problem. Outage tracking website earlier showed that there were nearly 70,000 people across the globe ...

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