European Press Roundup: Portugal's Nos Confident in Huawei Partnership Despite US Sanctions
May 22 2019 - 7:04AM
Dow Jones News
In Europe today, the U.K.'s Royal Mail will slash its dividend
and set out a five-year turnaround plan, and consumer prices in the
U.K. rose in April. Read about the above topics on Dow Jones
Newswires or WSJ.com.
In Other Media...
Portuguese telecom operator Nos is fairly confident about its
partnership with Huawei, despite a U.S.-led crackdown on the
company, which has been accused of supplying equipment with
weaknesses that could be exploited by the Chinese state. "We aren't
worried about what's been said," Nos's executive director Manuel
Ramalho Eanes said. -O Jornal Economico
The head of Germany's Federal Office for Information Security,
or BSI, says it's conceivable that China's Huawei could be shut out
of from building Germany's 5G networks if certain products are
deemed "not safe enough." -Handelsblatt
Google's veto on Huawei has hit the Chinese company's
mobile-phone sales in Spain. Sources from large retailers like
Amazon, Corte Ingles, Fnac, PhoneHouse, or MediaMarkt as well as
telecoms operators like Telefonica, Vodafone or Orange say that
sales of Huawei products have plummeted, and that the numbers of
order cancellations and product returns are climbing. -Cinco
Dias
German Finance Minister Olaf Scholz says he expects a worldwide
agreement on minimum levels of taxation will be reached among OECD
states next summer despite ongoing trade disputes with the U.S.
-Tagesspiegel
Societe General's shareholders voted for the renewal of Frederic
Oudea at the head of the French bank by more than 95% after a mixed
first-quarter as SoGec cut its 2020 guidance. - Les Echos
French economic minister Bruno Le Maire asked General Electric
not to close industrial sites in France as the American
conglomerate's unions are worry that 1,000 jobs could be cut at the
Belfort plant as part of a redundancy program. - France Info
Italy's GDP is expected to grow by 0.3% in 2019, the country's
statistics agency Istat says. The growth should be entirely
supported by domestic demand. Istat had previously forecast growth
of 1.3%. -Il Sole 24 Ore
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(END) Dow Jones Newswires
May 22, 2019 06:49 ET (10:49 GMT)
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