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Nokia sees weak first half but strong momentum later in 2018

Network equipment maker Nokia posted weaker than expected quarterly profits as telecom operators, particularly in North America, held off spending, but the company sees momentum building later in the year.
uk.reuters.com

Facebook's rise in profits, users shows resilience after scandals

Facebook Inc shares rose on Wednesday after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data.
reuters.com
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China's Huawei under US probe for Iran sanctions violations: report

[WASHINGTON] The US Justice Department has opened an investigation into suspected violations of Iran sanctions by China's Huawei Technologies, the Wall Street Journal reported Wednesday. Read more at The Business Times.
businesstimes.com.sg
Facebook is planning to design chips that could be used in its consumer devices, artificial-intelligence software and data centers, according to a person familiar with the matter and recent job listings.
If a new European law restricting what companies can do with people's online data went into effect tomorrow, almost 1.9 billion Facebook Inc (FB.O) users around the world would be protected by it. The online social network is making changes that ensure the number will be much smaller. Facebook
finance.yahoo.com
Apr.18 -- Mark Mahaney, analyst at RBC Capital Markets, and Bloomberg's Spencer Soper discuss Amazon CEO Jeff Bezos' annual shareholder letter and paid subscriptions for Prime. They speak with Emily Chang on "Bloomberg Markets."
finance.yahoo.com
SINGAPORE — Search giant Google is dipping its toes further into the region’s competitive electronics hardware retail scene by setting up an online store in Singapore that sells directly to consumers, its first such store to do so in South-east Asia. The Singapore store will allow u
todayonline.com

Investor urges Facebook to set up risk oversight committee

An activist hedge fund that wants Facebook to set up a risk oversight committee asked fellow shareholders on Tuesday to back the proposal, highlighting investor concerns over the company's handling of controversies such as the recent data privacy row.
reuters.com

Tech firms, including Microsoft, Facebook, vow not to aid government cyber attacks

Microsoft, Facebook and more than 30 other global technology companies on Tuesday announced a joint pledge not to assist any government in offensive cyber attacks.
reuters.com

U.S. ban on sales to China's ZTE opens fresh front as tensions escalate https://npost.sg/2vqwE6W

The United States has banned American firms from selling parts and software to China's ZTE Corp for seven years, potentially devastating for the telecoms equipment maker and exacerbating tensions between the world's two largest economies.
reuters.com

China's Huawei Tech retrenches in U.S. after years of criticism https://npost.sg/2EVwGTK

China's Huawei Technologies Co Ltd [HWT.UL], viewed with suspicion in congress as a potential threat to U.S. national security, has laid off five employees at its Washington office and slashed lobbying expenditures, according to sources familiar with the matter and government filings.
reuters.com

U.S. suppliers to ZTE may find more demand from China firm's rivals

Other customers may make up sales that U.S. suppliers to ZTE Corp lose due to a U.S. government ban on doing business with the Chinese phone and network equipment maker, industry insiders and analysts said on Tuesday, as some of the worst-hit stocks recovered ground.
reuters.com

China's ZTE may lose Android license as U.S. market woes build

Chinese smartphone maker ZTE Corp's U.S. woes deepened on Tuesday, as regulators proposed new rules that could cut into its sales, while a supply ban means it may not be able to use Android software in its devices, according to a source.
uk.reuters.com

Zuckerberg ditches T-shirt, apologizes for Facebook mistakes

Facebook Inc Chief Executive Mark Zuckerberg swapped his trademark T-shirt and jeans for a dark suit and a purple tie on Monday as he met U.S. lawmakers to apologize for the social network's misuse of its members' data and to head off possible regulation.
reuters.com

CEO Zuckerberg says Facebook could have done more to prevent misuse

Facebook Inc Chief Executive Mark Zuckerberg told Congress on Monday that the social media network did not do enough to prevent itself and its members' data being misused over the past few years and offered an apology to lawmakers.
reuters.com

Republican senator says Facebook scandals may be 'too big' for company to fix alone

A Republican U.S. senator warned on Sunday that Facebook Inc may need to be regulated to address concerns about the company's privacy and foreign propaganda scandals, saying they may be "too big" for the social media company to solve alone.
reuters.com

How a crazy idea led this former journalist to US$3b buyout of Mobike

[HONG KONG] It seemed like a nutty idea at the time - and it still does. Read more at The Business Times.
businesstimes.com.sg