Thursday , February 21 2019

International News

Indian billionaire Anil Ambani ordered to pay Ericsson or face jail

Bloomberg India’s top court warned billionaire Anil Ambani he’ll be put behind bars unless his group pays its dues to Swedish supplier Ericsson AB, the latest twist in a dispute that helped push the tycoon’s mobile-phone carrier to file for bankruptcy. Ambani, 59, disobeyed an earlier Supreme Court order for ...

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Huawei controversy opens rift between US and global carriers

Bloomberg A group representing top US mobile service providers disagreed with European and Asian counterparts over alleged security threats from Chinese equipment maker Huawei Technologies Co. ahead of a conference that will highlight a US-Europe divide on the issue. A February 14 release from GSMA, a London-based wireless industry group, ...

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Ford deals a blow to Bolsonaro with plan to shutter Brazil plant

Bloomberg Ford Motor Co. is shutting a factory in Brazil in an attempt to turn around its money-losing South American business, dealing a blow to Jair Bolsonaro less than two months into his presidency. The automaker expects to record $460 million in charges related to exiting the heavy-truck business in ...

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