Wednesday , June 26 2019

International News

US companies find legal ways around ‘Huawei blacklist’

Bloomberg American technology companies have resumed selling certain products to Huawei Technologies Co after concluding there are legal ways to work with the Chinese telecom giant in spite of its inclusion on a Trump Administration blacklist. Micron Technology Inc, the largest US maker of computer memory chips, said that it ...

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China can fish in Philippines’ exclusive waters, says Duterte

Bloomberg China can fish in parts of the South China Sea where the Philippines holds exclusive rights, President Rodrigo Duterte’s spokesman said, despite warnings from other officials this would be unconstitutional. Duterte is giving China this “privilege” out of friendship, and because of funding and trade relations extended by Beijing ...

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Indonesia eyes remote islands to relocate prisons

Bloomberg Indonesian prisons are overflowing with convicts and authorities worried about their negative influence on city dwellers are exploring shifting them to some of the uninhabited islands in the archipelago. Overcrowded jails mean petty criminals like chicken thieves are lodged together with drug traffickers and terrorists, according to Indonesia’s Coordinating ...

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FedEx sees improving outlook for e-commerce in ‘transition year’

Bloomberg FedEx Corp. predicted a “transition year’’ for fiscal 2020, with an improving outlook for e-commerce profits tempered by concerns that international trade tensions will worsen. Revenue per package in the ground-delivery operation rose 2.2 percent in the quarter ending on May 31 as volume growth accelerated to 8.8 percent, ...

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Oracle’s rising sales a reprieve for investors

Bloomberg Oracle Corp.’s shares climbed after the world’s second-largest software maker returned to sales growth and gave a forecast indicating the momentum may continue. For investors, the results were a reprieve amid the company’s uneven transition to cloud-based computing. Revenue increased 1.1 percent to $11.1 billion in the period ended ...

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