Mike Pompeo’s message was lucid: if Huawei is allowed to build its network in an allied country it would make it difficult for Washington to “partner alongside them”. In a significant development, U.S. Secretary of State Mike Pompeo issued a… Read More ›
Day: February 12, 2019
Swiss telecom watchdog faults Swisscom for overcharging
The telecom regulator has reduced prices with retroactive effect for the 2013–2016 period. Swisscom is weighing its decision on filing an appeal with the federal administrative court. In a development that will bring cheers to consumers in Switzerland, the country’s… Read More ›
Renault’s chairman to meet Nissan’s CEO in Japan later this week
The planned meeting is aimed at renewing and strengthening the bonds of the alliance. On Tuesday, Japanese automaker Nissan stated, Renault’s chairman is slated to meet its CEO later this week in Japan. The development comes as both automakers are… Read More ›
No more permits required for opening bank accounts from 2020: PBOC
The development, aimed at cutting red tapism, is aimed at streamlining and boosting the local economy. On Tuesday, China’s central bank, The People’s Bank of China, stated it will do away with issuing permits for opening bank accounts by companies… Read More ›
Consumption growth in 2019 likely to slowdown: official from China’s Commerce Ministry
With economies around the world, including the United States and the EU, taking measures to mitigate China’s trade policies, China’s economy witnessed a historic slowdown in 2018. As part of that slowdown, the Chinese car market touched its 30-year low…. Read More ›