Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Markets in Australia and Japan looked set to open slightly lower as investors worried over trade tensions between the U.S. and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
Oracle co-founder Larry Ellison disclosed a $1 billion stake in Tesla in late December. It's now worth about $580 million.Technologyread more
* U.S. seeking to limit role of Chinese firms in 5G networks
* Participants seeking a coordinated approach to 5G
* Security vital for network of inter-connected products
PRAGUE, May 2 (Reuters) - Global cooperation is key to ensuring the security of 5G networks, cyber security officials said on Thursday at a meeting in Prague aimed at hammering out how to combat threats as nations begin rolling out next-generation telecoms equipment.
The United States has been seeking to limit the role of Chinese telecom equipment makers such as Huawei Technologies in building 5G networks due to fears they could be used by Beijing for spying. Huawei has denied the allegations.
Officials say they hope to conclude the meeting -- attended by representatives from 30 European Union, NATO and countries such as the United States, Germany, Japan and Australia -- with an outline of practices that could form a basis for a coordinated approach to shared security and policy measures.
Russia, China and Huawei were not invited, although a number of participants said no single company or country was being singled out.
"It is an attempt to widen the discussion to a platform that should involve the entire Western civilization," said one diplomatic source, adding that a non-binding summary by the chair to be issued on Friday was expected to provide principles for further discussions.
Conclusions from the conference would be informal as some participating countries were not ready to sign any documents in Prague because they had not concluded debates about the issue at home, another diplomatic source said.
A draft document seen by Reuters showed participants were discussing setting up certain security conditions for vendors that Chinese providers could find difficult to meet.
"Risk assessments of supplier's products should take into account all relevant factors, including applicable legal environment and other aspects of a supplier's ecosystem," the draft said.
Huawei said it hoped the gathering would lead to a push for a more scientific and "unemotive" way of approaching technology.
"We fully support international standards, international verification that is based on facts and evidence," Huawei Senior Vice President and Global Cyber Security & Privacy Officer John Suffolk told reporters.
The security issue is crucial because of 5G's leading role in internet-connected products ranging from self-driving cars and smart cities to augmented reality and artificial intelligence. If underlying technology for 5G connectivity is vulnerable, it could allow hackers to exploit such products to spy or disrupt them.
Europe -- where Austria, Belgium, Czech Republic, France, Germany, Greece, Hungary, Ireland, the Netherlands, Lithuania and Portugal are all preparing to auction 5G licences this year -- has emerged as a key battle over Huawei's next-generation technology.
Timo Koster, the Dutch government's top diplomatic official for cyber security, said any global measures should be in line with European Commission requirements issued in March to share data on 5G cyber security risks.
"We need to find a balance between national security on the one hand and economic interests that we have on the other hand," Koster said. (Reporting by Michael Kahn Editing by Edmund Blair)