Bloomberg Huawei Technologies Co founder Ren Zhengfei called the sale of its Honor budget smartphone division a “clean break” that should free it from US restrictions and create a new powerhouse in the world’s largest mobile arena. Ren, blasting Trump administration tactics to contain his company, assured employees in a memo Honor will rapidly resume production after regaining access to ...

Bloomberg The World Economic Forum (WEF) is looking at sites in countries less affected by Covid-19 than Switzerland to replace Lucerne for the meeting scheduled to take place next May, according to the Schweiz am Wochenende newspaper. The Swiss newspaper, which didn’t say the source of the information, also published an interview with WEF founder, Klaus Schwab, who said the ...

Bloomberg The US Federal Communications Commission (FCC) killed a proposal to allow in-flight voice calls via mobile phones, ending its examination of an idea that evoked fears of air rage from passengers trapped beside jabbering seat mates. The idea drew “strong opposition” from pilots and flight attendants, the agency said in a four-paragraph order. The FCC in 2013 proposed allowing ...

Bloomberg Boris Johnson defended his decision to put most of England into the highest levels of pandemic restrictions even as the rate of infection across the UK fell to its lowest level since mid-August. Leading members of Johnson’s Conservative Party have said the government’s new three-tier system to contain the coronavirus when the national lockdown ends next week is too ...

Bloomberg The National Highway Traffic Safety Administration (NHTSA) is investigating whether faulty suspension parts on nearly 115,000 Tesla Inc cars can result in damage to the tires. The agency said it received 43 complaints about 2015 through 2017 Tesla Model S and 2016 through 2017 Model X vehicles. NHTSA said 32 of the complaints involve failures that occurred during parking ...

Bloomberg England’s luxury stores will have more than Christmas sales to worry about when they reopen next week. Many fear a planned tax change related to Brexit could hurt business even more than Covid-19 lockdowns. Retailers are calling on UK Finance Minister Rishi Sunak to reverse a decision to abolish a perk for shoppers from China, the Middle East, the ...

Bloomberg Volkswagen AG is accelerating development of a compact electric car that will cost less than 30,000 euros ($35,800) as tightening emissions rules and generous subsidies bolster sales of battery-powered vehicles, according to people familiar with the matter. The VW-branded car may be introduced as early as 2023, flanking the ID.5 crossover to be sold from next year as well ...

Bloomberg Foxconn Technology Group will move the manufacturing of some Apple Inc iPads and MacBooks to Vietnam from China, a person familiar with the matter said, as the company aims to mitigate the risk that a trade war with the US could continue after US President Donald Trump leaves the White House. The person asked not to be identified because ...

Bloomberg The UK government approved plans for a separate regulatory program for companies including Facebook Inc and Google, saying the new competition unit would be given powers to impose fines to rein in the dominance of the largest tech companies. The Digital Markets Unit will be housed inside the antitrust regulator from April, with powers to enforce a new code ...

Bloomberg Facebook Inc will be making payouts to only about a quarter of the 6 million Illinois residents eligible for the biggest consumer privacy settlement in US history. Based on a tally filed in court after claims deadline, some 1.57 million people will probably pocket more than $300 each — after about a third of the $650 million settlement fund ...