News Archive - 8 December 2015

EU antitrust regulators accuse Qualcomm of hindering rivals

>BRUSSELS European Union antitrust regulators charged Qualcomm on Tuesday of using its market power to thwart rivals, putting the world's top maker of chipsets used in mobile devices at risk of a hefty fine.The accusations by the European Commission set out in two charge sheets known as statements of...

Huawei seeks to become world's third largest data storage provider by 2018

>HONG KONG China's Huawei Technologies Co Ltd [HWT.UL] aims to become the world's third-largest data storage provider by 2018 as it targets European and local institutions to takes market share from leaders EMC Corp and International Business Machines Corp."We don't want to just be No.1 in China...

Uber says obtains government approval to operate in Jakarta

>JAKARTA Uber Technologies Inc [UBER.UL] said on Tuesday it had received the green light from the Jakarta governor to operate in the Indonesian capital after giving assurances that it would comply with local tax rules and other requirements.Jakarta police had earlier this year deemed the U.S. car-hailing...

Turkey halts troop deployment to Iraq but will not withdraw: foreign ministry

>In a phone conversation with his Iraqi counterpart late on Monday, Turkish Foreign Minister Mevlut Cavusoglu reiterated Ankara's respect for Iraq's territorial integrity, Turkish foreign ministry spokesman Tanju Bilgic told reporters.Turkey says its latest deployment of soldiers to northern Iraq is part of a mission to train and equip...

U.S. to deploy spy plane in Singapore amid China tensions

>WASHINGTON The United States has agreed with Singapore on a first deployment of the U.S. P8 Poseidon spy plane in Singapore this month, in a fresh response to China over its pursuit of territorial claims in the South China Sea.China, which is at odds with Washington over the...

Turkish leader's son denies Russian allegations of Islamic State trade

>Russia's defense ministry said last week it had proof that the Erdogan family was benefiting from this trade. Turkey has already dismissed the accusations and the president's son Bilal added his voice to the many denials."We build offices in Istanbul ... We do not do business in the Mediterranean, in...

Bank of France trims fourth quarter French growth forecast after Paris attacks

>PARIS The Bank of France cut its forecast for French economic growth to 0.3 percent on Tuesday, blaming in part the hit to hotel bookings and restaurant takings from Islamist militant attacks in Paris last month.The central bank gave its updated estimate for gross domestic product (GDP) in...

Households, inventories boost euro zone GDP despite negative trade

>Eurostat confirmed on Tuesday that economic growth in the 19 countries sharing the euro was 0.3 percent quarter-on-quarter in the July-September period and 1.6 percent year-on-year, as estimated earlier and expected by markets.In the previous three months, the economy grew 0.4 percent on the quarter and...