Latest Business News

• White House to host meeting with tech executives on Huawei ban: sources
  White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday.
  
• Equifax nears deal to pay about $700 million to settle U.S. data breach probes: WSJ
  Credit reporting company Equifax Inc is close to a deal to pay around $700 million to settle data breach probes with U.S. regulators and states, the Wall Street Journal reported on Friday, citing people familiar with the matter.
  
• Four Republican lawmakers ask Trump to move forward with $10 billion Pentagon cloud contract
  Four Republican members of U.S. Congress, including House Armed Services Committee ranking member Mac Thornberry, sent a letter to President Donald Trump on Thursday urging him to move forward with a $10 billion cloud contract with the Defense Department.
  



• Confusion builds over U.S. ban on Chinese surveillance technology
  Contractors who buy and install Hikvision and Dahua surveillance systems told U.S. officials on Friday that an ambiguous law that bans purchases from the two Chinese companies could harm their businesses.
  
• Trump tells France's Macron U.S. concerned with proposed digital services tax
  U.S. President Donald Trump spoke with French President Emmanuel Macron on Friday and expressed concerns about the country's proposed digital services tax, the White House said.
  
• UK delay on Huawei 5G decision harming ties, lawmakers say
  A powerful committee of British lawmakers on Friday urged the next prime minister to decide quickly on the role China's Huawei will have in next-generation 5G telecommunications networks to avert more damage to Britain's international relations.
  
• Fed's Bullard sees cryptocurrencies shifting U.S. financial system
  Cryptocurrencies are changing the U.S. currency system in ways that may facilitate illegal activity and instability in prices, St. Louis Federal Reserve President James Bullard said on Friday.
  
• Italy's watchdog says single network controlled by TIM would be 'backward step'
  A single network entity controlled by Italy's former monopoly phone group Telecom Italia (TIM) would be a "backward step", the country's communication watchdog chief Angelo Cardani said on Friday.