news

NATO chief says on Huawei: UK review of 5G security is important

10.06.2020, 09:33

LONDON - The head of the NATO military alliance said on Wednesday that the West could not ignore the rise of China and so it was important that Britain had a review of the role of Huawei in its 5G network to ensure its security.

Exclusive: ECB prepares 'bad bank' plan for wave of coronavirus toxic debt

10.06.2020, 09:22

LONDON/FRANKFURT - European Central Bank officials are drawing up a scheme to cope with potentially hundreds of billions of euros of unpaid loans in the wake of the coronavirus outbreak, two people familiar with the matter told Reuters.

Cerberus demands changes at 'disastrous' Commerzbank

10.06.2020, 08:20

FRANKFURT - U.S. activist investor Cerberus is calling on Commerzbank (DE:CBKG) to appoint two of its nominees to the supervisory board, cut costs and adopt a new strategy, as it battles to make a success of a big bet on German banks.

SoftBank's Arm at loggerheads with Chinese venture over CEO

10.06.2020, 07:18

SHANGHAI/SAN FRANCISCO - SoftBank Group Corp-owned Arm Ltd and its Chinese joint venture on Wednesday publicly disagreed over whether the unit's chief executive officer had been fired, disclosing an internal spat at one of the global chip industry's major suppliers.

George Floyd's brother to address U.S. House panel on police reforms

10.06.2020, 06:16

WASHINGTON - One of the brothers of George Floyd, whose death in Minneapolis sparked protests around the world, is due to speak to a Democratic-led congressional panel on Wednesday as lawmakers take on the twin issues of police violence and racial injustice.