Tuesday, 14 July 2020

India's Bharti Airtel, Verizon tie up on video-conferencing tool

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India's Bharti Airtel, Verizon tie up on video-conferencing tool

Bharti Airtel Ltd is partnering with Verizon Communications Inc's BlueJeans to launch a business-focused video conferencing tool, the Indian wireless carrier said on Tuesday.

UK to purge Huawei from 5G by 2027, angering China and pleasing Trump

Prime Minister Boris Johnson ordered Huawei equipment to be purged completely from Britain's 5G network by 2027, risking the ire of China by signalling that the world's biggest telecoms equipment maker is no longer welcome in the West.

UK to ban Huawei from 5G network

Prime Minister Boris Johnson's government will ban Huawei from Britain's 5G network by ordering telecoms companies to remove its equipment by 2027, Media Secretary Oliver Dowden said on Tuesday.

JPMorgan sets aside $10.5 billion for loan losses as profit tops estimates

JPMorgan Chase & Co on Tuesday set aside about $10.5 billion in reserves to cover a wave of potential defaults in the aftermath of the COVID-19 pandemic as the largest U.S. bank reported a smaller-than-expected 51% drop in second-quarter profit.

India's Flipkart raises $1.2 billion in Walmart-led funding

U.S. retail giant Walmart will lead a $1.2 billion investment in its Indian e-commerce unit Flipkart, giving it a valuation of $24.9 billion, Flipkart said on Tuesday.

Dollar falls as investor sentiment recovers despite virus surge

LONDON - The U.S. dollar gave up early gains on Tuesday with currency traders unfazed by diplomatic tensions between the United States and China and rising coronavirus cases.

Lockdown in global tech hub hits stocks

Global stocks slipped on Tuesday, oil fell and a safety bid supported the dollar as simmering Sino-U.S. tensions and new coronavirus restrictions in California kept a lid on optimism as earnings season got underway.

Thailand's AIS says Huawei among five companies tendering to build 5G core networks

Thailand's Advanced Info Service Pcl said on Tuesday Huawei Technologies [HWT.UL] is among five companies tendering to build its 5G core networks.

Delta CEO says air travel 'at a stall' amid resurgent virus, recovery over two years away

Delta Air Lines warned on Tuesday it will be more than two years before the industry sees a sustainable recovery from the "staggering" impact of the coronavirus pandemic, with demand largely tracking the curve of infections in different places.

Google offers data pledge in bid to win EU okay for Fitbit buy

Alphabet Inc's Google has offered not to use health data of fitness tracker company Fitbit to help it target ads in an attempt to address EU antitrust concerns about its proposed $2.1 billion acquisition, the U.S. tech company said late on Monday.

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