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Britain to allow Huawei restricted access to 5G network

3 hours ago DieselGasoil Comments Off on Britain to allow Huawei restricted access to 5G network
GLASGOW, Scotland (Reuters) – Britain will allow Huawei Technologies a restricted role in building parts of its 5G network, seeking a middle way in a bitter dispute between the United States and China over the next generation of communications technology. Huawei, the world’s biggest producer of telecoms equipment, is under intense scrutiny after the United Read More

Slack is expected to file listing prospectus this week: WSJ

3 hours ago DieselGasoil Comments Off on Slack is expected to file listing prospectus this week: WSJ
(Reuters) – Slack Technologies Inc is expected to reveal its filing for a direct listing on the stock market as soon as this week, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. Slack in February confidentially applied with the U.S. Securities and Exchange Commission to list shares publicly. The paperwork Read More

Huawei: Why UK is at odds with its cyber-allies

3 hours ago DieselGasoil Comments Off on Huawei: Why UK is at odds with its cyber-allies
After months of uncertainty, the UK appears set to allow Huawei’s telecoms equipment to be part of the country’s 5G networks – with some limitations. The move would put the UK at odds with the US, which has been pressing other nations to ban use of the Chinese firm’s kit on security grounds. It could Read More

SoftBank invests $125 million in Alphabet venture to put cellphone antennas in the sky

6 hours ago DieselGasoil Comments Off on SoftBank invests $125 million in Alphabet venture to put cellphone antennas in the sky
SAN FRANCISCO (Reuters) – A SoftBank Corp business seeking to find a way to fly cellphone antennas high in the atmosphere to provide internet in underserved areas said on Wednesday it was investing $125 million in an Alphabet Inc spinoff working on the same problem. FILE PHOTO: The logo of SoftBank Group Corp is displayed Read More

Pieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change

6 hours ago DieselGasoil Comments Off on Pieridae Energy Announces 2018 Year End Results, Progress Made on Goldboro LNG Project and Board Change
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN UNITED STATES CALGARY, Alberta, April 24, 2019 (GLOBE NEWSWIRE) — Pieridae Energy Limited (“Pieridae” or the “Corporation”) (PEA – TSXV) released its 2018 financial and operating results today, highlighting the fact it took some key steps forward last year in advancing its Goldboro Read More

Oil States Announces First Quarter 2019 Results of Operations

12 hours ago DieselGasoil Comments Off on Oil States Announces First Quarter 2019 Results of Operations
HOUSTON, April 24, 2019 (GLOBE NEWSWIRE) — Oil States International, Inc. (NYSE: OIS) reported a net loss for the first quarter of 2019 of $14.6 million, or $0.25 per diluted share on revenues of $250.6 million and Consolidated EBITDA (Note A) of $21.4 million. The reported first quarter 2019 results included severance charges totaling $1.0 million ($0.8 million after-tax, or Read More

Explainer: Securing the 5G future – what’s the issue?

20 hours ago DieselGasoil Comments Off on Explainer: Securing the 5G future – what’s the issue?
(Reuters) – Britain’s plan to allow Chinese telecom giant Huawei Technologies a restricted role in its next generation mobile networks is part of a heated international debate over the security risks so-called 5G technology presents. FILE PHOTO: Small toy figures are seen in front of a displayed Huawei and 5G network logo in this illustration Read More

Samsung plans $116 billion investment in non-memory chips to challenge TSMC, Qualcomm

23 hours ago DieselGasoil Comments Off on Samsung plans $116 billion investment in non-memory chips to challenge TSMC, Qualcomm
SEOUL (Reuters) – Samsung Electronics Co Ltd plans to invest $116 billion in non-memory chips through 2030, to cut its reliance on the volatile memory chip market and develop chips to power self-driving cars and AI-enabled devices. FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March Read More

Asian shares fall despite strong Wall Street; oil retreats

1 day ago DieselGasoil Comments Off on Asian shares fall despite strong Wall Street; oil retreats
SHANGHAI (Reuters) – Equity markets in Asia faltered on Wednesday amid losses in South Korea and uncertainty over China’s plans for further stimulus as the economy shows signs of regaining its footing. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, Read More

Asian shares fall despite strong Wall Street; dollar near 22-month high

1 day ago DieselGasoil Comments Off on Asian shares fall despite strong Wall Street; dollar near 22-month high
SHANGHAI (Reuters) – Equity markets in Asia faltered on Wednesday, amid losses in South Korea and worries that China has put any further stimulus on hold as the economy shows signs of regaining its footing. FILE PHOTO: A man looks on in front of an electronic board showing stock information at a brokerage house in Read More