June 3, 2019

China’s Huawei to sell undersea cable business, buyer’s exchange filing shows

Huawei Technologies Co Ltd plans to sell its undersea telecom cable business, showed a buyer’s filing on Monday, in its first major asset sale since the […]
June 3, 2019

Germany’s Infineon close to acquire Cypress Semiconductor: Bloomberg

German chipmaker Infineon Technologies AG is nearing a deal to buy Cypress Semiconductor Corp, valuing the U.S. chipmaker at almost $10 billion, Bloomberg reported https://www.bloomberg.com/news/articles/2019-06-03/infineon-is-said-to-near-deal-to-acquire-cypress-semiconductor on Sunday. […]
June 3, 2019

U.S. stock futures, oil slide as trade wars stoke global recession anxiety

U.S. stock futures, Asian share markets and oil prices slipped to multi-month lows on Monday on worries intensifying Sino-U.S. tensions and Washington’s new tariff threats against […]
June 3, 2019

U.S.-based engineers’ body lifts curbs on Huawei employees

The Institute of Electrical and Electronics Engineers (IEEE) said on Monday curbs on employees of Huawei Technologies and its subsidiaries have been lifted, and they would […]
June 3, 2019

Exclusive: U.S. set to grant tentative approval to American, Qantas venture – sources

The U.S. Transportation Department is expected to provide tentative approval to a bid by American Airlines Group Inc and Qantas Airways Ltd to operate a joint […]
June 3, 2019

Sephora to shut U.S. stores for day of diversity training after racial incident

LVMH’s Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a […]
June 3, 2019

Collapsed Jet Airways’ ex-partners, rivals scramble to fill India capacity void

Former partners and rivals of Jet Airways Ltd are launching replacement routes and looking for new codeshare partners as they scramble to fill a lucrative gap […]
June 3, 2019

Oil prices slide as trade wars roil financial markets

Oil prices fell more than 1% on Monday, extending losses of over 3% from Friday, when crude markets racked up their biggest monthly losses in six […]
June 3, 2019

Google says it resolves issues affecting YouTube, Gmail, Google Cloud in U.S.

Alphabet Inc’s Google said on Sunday it had resolved the network congestion in the eastern United States that affected services in Google Cloud, G Suite and […]
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