Markets
Growing pressure: Huawei loses out in Singapore 5G bid
After a rigorous tender process, Singtel has selected Ericsson to commence a period of negotiation to provide the 5G SA Core, RAN and mmWave network, with a view to finalising the contractual terms as soon as practicable. However, the Covid-19 pandemic may likely delay the process, said Iswaran. StarHub, the country's second-largest telecom company, said that other than for core infrastructu... [Full Article...]
Wirecard goes bust after arrest of former boss over missing billions
Justice Secretary Menardo Guevarra said on Wednesday that he had told state investigators to coordinate with the Philippine central bank's anti-money laundering council in the inquiry. Bank of America Merrill Lynch cut its share-price target to 1 euro from 14 euros, saying customers may be starting to abandon Wirecard , while banks it owes 1.75 billion euros ($1.97 billion) to may be weighing the... [Full Article...]
U.S. equity giant to buy bankrupt Virgin Australia airlines
The withdrawal of Cyrus Capital Partners from the bidding process leaves American business Bain Capital as the last remaining buyer for the airline. "This is the best possible deal we could get to secure as many jobs as possible for Queensland", he said. He repeated his call for the Morrison government to aid the airline sector, which has been devastated by the coronavirus crisis, by introduci... [Full Article...]
WestJet laying off 3,333 employees
The moves are being made to position the company for "a competitive future following the COVID-19 crisis", the Calgary-based airline said in a post on its website . CEO Ed Sims calls the changes unavoidable. "WestJet will once again serve the needs of Canadian travelers with low fares and award-winning service levels tomorrow and years from now". [Full Article...]
Facebook Cool With Remote Working-Without Big-City Pay
The announcement comes after Twitter told its 5,000 employees, including those at its London office, it would be their decision on whether they want to return to the office once they reopen. But Facebook's employee survey suggests that at least some of its employees would leave the San Francisco Bay Area if given the option. But there are many challenges. [Full Article...]
Petrol crosses Rs 80/litre in Delhi. Trading strategy for HPCL, BPCL, IOC
Kerosene had been reduced by Rs 11.88 per liter which stood at Rs 35.56 per liter while, high speed diesel had been increased by five paisa per liter. Prices still remain about a third lower than at the end of 2019. Rates have been increased across the country and vary from state to state depending on the incidence of local sales tax or VAT. [Full Article...]
Huawei to Build $1.2-Billion Research Centre in the UK
As for Washington's accusations, Huawei denies the company is a security risk. According to the media outlet, Washington discussed the possibility of the move with United States tech giants, which have slacked considerably in terms of catching up with the newest market trend - the deployment of 5G networks. [Full Article...]
Google to pay for news content
The extent to which the large internet platforms generally - and Google specifically - pay publishers has often been a contentious topic. Google didn't reveal any partnerships with publishers in the US, where News Corp, whose holdings include Dow Jones (publisher of the Wall Street Journal) and the New York Post, has been especially outspoken on this issue. [Full Article...]