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Former Nissan chairman Ghosn appears in Tokyo court

Thursday, 23 May 2019

Former Nissan Chairman Carlos Ghosn has appeared in a Japanese courtroom for a hearing ahead of his trial on accusations of financial misconduct.Thursday’s session is the first in a series of hearings to iron out logistics for the actual trial, the date for which has not been set.Ghosn was arrested in November and charged with underreporting his income and breach of trust. He was released on bail in March, be rearrested on April 4 on fresh accusations.He was released again on April 25 on ...

Panasonic halting business with Huawei after US ban

Thursday, 23 May 2019

Japan’s Panasonic said Thursday it is suspending business with Huawei after a US ban on the Chinese firm over security fears, in a new blow for the telecoms giant.“We’ve stopped all business transactions with Huawei and its 68 group companies... that are subject to the US government ban,” Panasonic spokesman Joe Flynn told AFP.“Yesterday an internal instruction to fully enforce that rule was issued,” he added. Flynn said Panasonic’s business with Huawei ...

After Huawei, US could blacklist Chinese surveillance tech firm

Wednesday, 22 May 2019

The US administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world’s top two economies could be further inflamed. The restrictions would limit Hikvision’s ability to buy US technology and American companies may have to obtain government approval to supply components to the Chinese firm, the New York Times reported on Tuesday. The United States stuck Huawei Technologies ...

Air China seeks Boeing compensation for 737 Max delays

Wednesday, 22 May 2019

Air China Ltd., one of China’s three major state-owned airlines, is joining carriers that are asking Boeing Co. for compensation for the grounding of their 737 Max jetliners following two fatal crashes.The carrier also has asked Boeing for compensation for disruptions due to delays in delivery of new aircraft, an employee of Air China’s publicity department said Wednesday. He declined to give his name or details of the claim.Air China, which has 15 737 Max planes, becomes the second ...

UK warns over online trading scams

Tuesday, 21 May 2019

The number of cryptocurrency and foreign exchange-based “get rich quick” scams is booming in Britain, authorities warned on Tuesday. Reported cases of the bogus online investment surged to more than 1,800 in 2018/2019. That contrasted sharply with just 530 reported cases in the previous 2017/2018 financial year. The total amount stolen meanwhile hit £27 million ($34 million, 31 million euros) with an average loss per victim of £14,600. The data was collated by the ...

US delays Huawei ban for 90 days

Tuesday, 21 May 2019

US officials have issued a 90-day reprieve on their ban on dealing with Chinese tech giant Huawei, saying breathing space was needed to avoid huge disruption. A Commerce Department filing said the delay does not change the ban imposed by President Donald Trump on national security grounds, an action with major implications for US and Chinese technology firms. Instead, it grants a temporary license that will allow Huawei to continue doing business with American firms. “The Temporary General ...

Huawei to support its devices after Google Android bar

Monday, 20 May 2019

Huawei will support its smartphones and tablets by providing security updates and services, it said, after Google barred it from updates to the Android operating system. The Chinese technology firm, however, did not say on Monday what would happen with phones it sells in the future, which are unlikely to have access to Google’s popular services, including Gmail, YouTube, and maps unless a special license is obtained. Huawei’s devices in its home market use a ...

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 ...

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