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Italian lawmakers urge govt for Huawei 5G ban

Bloomberg An Italian parliamentary body has told the government to “very seriously” consider banning Huawei Technologies Co and other Chinese equipment suppliers from the country’s fifth-generation mobile networks. In a report concluding a yearlong review, the intelligence and security committee said concerns about using Chinese companies to install and maintain 5G networks in Italy were “largely grounded,” given the Beijing ...

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India trying to stop Reliance Industries from selling assets

Bloomberg The Indian government is trying to stop Reliance Industries Ltd from paring its assets including a plan to sell a 20% stake to Saudi Aramco, the Times of India reported. The demand was made in an ongoing court case against Reliance Industries and British Gas, the paper said. The government has sought to prevent the two companies from selling ...

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Rich family lost $820m in Muddy Waters row

Bloomberg It’s been a long week for the Shetty family. The billionaire clan behind hospital operator NMC Health Plc and financial services firm Finablr Plc has seen its fortune drop by about $820 million since short-seller Carson Block issued a report criticising the medical company’s accounts and disclosing a short position. NMC shares tumbled 32% in response to the report, ...

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