Indian billionaire investor Rakesh Jhunjhunwala says he's very upbeat about his country's growth potential after the country underwent a massive banking crisis and the rollout...Asia Economyread more
Stocks in Asia mostly recovered in Tuesday afternoon trade as investors cheered a reprieve in U.S.-China trade tensions surrounding Chinese telecommunications giant Huawei.Asia Marketsread more
The issue of corporate debt has surfaced as companies continue to use the low rates the Fed has provided to lever up their balance sheets.The Fedread more
The U.S. government on Monday temporarily eased some trade restrictions imposed recently on China's Huawei, a move that sought to minimize disruption for the telecom company's...Technologyread more
Most U.S. hedge funds aren't expecting another big stock market sell-off as more firms curb bets on volatility, according to Nomura.Marketsread more
Mall owners are increasingly building out food halls with local chef-driven eateries, sushi bars and premium coffee shops.Retailread more
While Trump's lawyers had argued that the committee's subpoena did not have a legitimate legislative purpose — and was therefore invalid — Mehta took a broader view.Politicsread more
See which stocks are posting big moves after the bell on Monday, May 20.Market Insiderread more
A record 257.4 million travelers are expected to opt for U.S. airlines for travel this summer, the 10th consecutive annual increase, a trade group forecast on Tuesday.Airlinesread more
Binny Bansal, co-founder of Indian e-commerce giant Flipkart, says there are three traits that led to the business landing a record-breaking sale to retail giant Walmart.Entrepreneursread more
Silicon Valley argues that Wall Street focuses too much on near-term profits — but investors have embraced money-losing biotech IPOs.Marketsread more
(Adds further quotes, context)
WARSAW, Jan 13 (Reuters) - Poland could consider a ban on the use of Huawei products by public bodies, a senior government official said on Sunday, following the arrest of a Chinese Huawei official in the east European country last week.
The Polish government could also look to tighten legislation to allow the authorities to limit the availability of products made by any company deemed to pose a threat to security.
Poland arrested a Chinese employee of Huawei and a former Polish security official on spying allegations, officials and sources told Reuters on Friday, a move that could fuel Western security concerns about the telecoms equipment maker.
A government official who is responsible for cyber security told Reuters "abrupt" policy changes towards Huawei were not warranted after the arrests.
But he said the use of the company's products by state entities could be reviewed.
"We will analyse whether ... our decision can include an end to the use ... of Huawei products," Karol Okonski told Reuters.
""We do not have the legal means to force private companies or citizens to stop using any IT company's products. It cannot be ruled out that we will consider legislative changes that would allow such a move," he added.
Seeking to distance itself from the incident, Huawei said on Saturday it had sacked the employee.
Huawei, the world's biggest producer of telecommunications equipment, faces intense scrutiny in the West over its relationship with China's government and U.S.-led allegations that its devices could be used by Beijing for spying.
No evidence has been produced publicly and the firm has repeatedly denied the accusations, but several Western countries have restricted Huawei's access to their markets.
Poland's internal affairs minister, Joachim Brudzinski, called for the European Union and NATO to work on a joint position over whether to exclude Huawei from their markets.
"We are examining the readiness of the (EU and NATO) countries to work on a joint position," Okonski told Reuters referring to the new generation of 5G telecoms infrastructure. (Reporting by Anna Koper Editing by Keith Weir)