Latest Business News
Last updated on
Wednesday, 22-May-2019 06:30:01 EDT
- U.S. judge rules Qualcomm practices violate antitrust law
Qualcomm Inc unlawfully suppressed competition in the market for cellphone chips and used its dominant position to exact excessive licensing fees, a federal judge ruled on Tuesday.
- British mobile operator EE to start 5G services, will not offer Huawei
Britain's biggest mobile operator EE aims to launch the country's first 5G service next week, but it will not offer Huawei handsets until the Chinese company's future becomes clear following its row with the United States.
- UK chip designer ARM to suspend business with Huawei: BBC
Major British-based chip designer ARM is suspending business with China's Huawei to comply with U.S. regulations, the BBC reported on Wednesday, citing internal company documents.
- Exclusive: Behind Grindr's doomed hookup in China, a data misstep and scramble to make up
Early last year, Grindr LLC's Chinese owner gave some Beijing-based engineers access to personal information of millions of Americans such as private messages and HIV status, according to eight former employees, prompting U.S. officials to ask it to sell the dating app for the gay community.
- Payments tech firm Nuvei to buy Britain's SafeCharge for $889 million
U.S. payments technology firm Nuvei Corp said it would buy SafeCharge International Group Ltd in an all-cash deal valued at $889 million to expand in the fast-growing electronic payments industry.
- Exclusive: Tencent and Riot Games developing mobile version of League of Legends - sources
China's Tencent Holdings Ltd is working with its U.S. unit Riot Games to develop a mobile version of "League of Legends", the world's most popular desktop-based game, three sources with knowledge of the matter told Reuters.
- UK's biggest mobile operator pauses use of Huawei 5G handsets
Britain's biggest mobile operator EE said on Wednesday it would not offer Huawei handsets as part of its 5G services launch, pausing the use of devices from the Chinese company until its future becomes more clear.
- After Huawei, U.S. could blacklist Chinese surveillance tech firm: media
The U.S. administration is considering Huawei-like sanctions on Chinese video surveillance firm Hikvision, media reports show, deepening worries that trade friction between the world's top two economies could be further inflamed.