British Prime Minister Boris Johnson will put his friendship with US President Donald Trump to the test this week as he announces whether to allow Huawei a role in the country’s 5G wireless broadband networks.
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Boris Johnson and Donald Trump have discussed telecommunications network security as the UK government prepares to make a final decision on allowing Huawei to help build Britain’s 5G infrastructure.
Companies in the Nasdaq 100 are headed into earnings season with momentum that approaches the unprecedented, their value up by more than $1-trillion since October.
A US proposal to further restrict sales to Huawei has encountered objections within the Trump administration and is being held up as officials debate whether the step could harm exporters.
Intel gave bullish quarterly and full-year revenue forecasts, driven by a surge in demand for chips that power large cloud computing centres. The shares jumped as much as 7.8% in late trading.
US commerce secretary Wilbur Ross said new rules are coming soon that will put more limits on US companies supplying China’s telecommunications leader Huawei Technologies.
United Nations human rights experts have called for an investigation into allegations that the Saudi Arabian crown prince was involved in the hacking of Amazon.com CEO Jeff Bezos’s phone.
The mobile phone of Amazon.com CEO Jeff Bezos was hacked after receiving a WhatsApp message from the account of Saudi Arabia’s crown prince, it has been claimed.
Tesla’s market value briefly topped $100-billion for the first time, a threshold that will trigger a huge payout for Elon Musk if he can sustain the feat for months.
Huawei founder Ren Zhengfei has said the US is “over-concerned” about the Chinese company and its rise in the world of technology.