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Go-Jek to enter Singapore soon in challenge to Grab

Bloomberg Indonesia’s Go-Jek plans to roll out a preliminary version of its ride-hailing app in Singapore, bringing fresh competition to the hometown of arch-rival Grab, according to people familiar with the plan. Go-Jek’s beta app will be available to a limited number of consumers before expanding it to a wider population as testing progresses, said the people, who asked not ...

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New Zealand bans China’s Huawei from 5G roll-out

Bloomberg New Zealand has followed Australia in banning China’s Huawei Technologies Co. from supplying fifth-generation wireless equipment to the nation’s telecommunications operators, citing national security concerns. News of the ban came via Spark New Zealand, which said its intention to use Huawei 5G equipment had been blocked by the Government Communications Security Bureau. The GCSB told Spark that, if implemented, ...

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Ghosn denies ‘he passed trading losses to Nissan’

Bloomberg Carlos Ghosn, the embattled former chairman of Nissan Motor Co., denied reports that he passed on personal trading losses to the carmaker, the first comment from the executive who is detained on numerous allegations of financial misdeeds. Ghosn acknowledged consulting Nissan about the collateral related to the contract, but didn’t transfer the losses to the automaker, said Motonari Otsuru, ...

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