Richard Yu, CEO of Huawei's consumer business, said Huawei's own operating system for smartphones and laptops could be ready for use in China by fall this year.Technologyread more
The embattled German lender saw its share price hit a record low Monday, down nearly 5% since the start of the year.Banksread more
Lawmakers, lobbyists and CEOs in the U.S. are looking to trying to pick out the best parts of the EU's privacy law called GDPR – and ditch what they see as the worst.Technologyread more
Shares of Chinese telecommunications heavyweight Huawei's suppliers took a hit on Thursday afternoon amid the ongoing fallout surrounding the Chinese telecommunications giant.Asia Marketsread more
After holding parliamentary elections over seven phases, India started counting the votes on Thursday — and Prime Minister Narendra Modi's Bharatiya Janata Party-led coalition...Electionsread more
Among the many ways Trump has shattered White House norms, his impulsive public communications rank among the most consequential. By inspiring investors or spooking them, his...Politicsread more
A federal judge in New York City on Wednesday said Deutsche Bank and Capital One can turn over financial documents related to President Donald Trump and his businesses in...Politicsread more
China accounted for 40% to 60% of the global increase in trichlorofluoromethane, or CFC-11, emissions between 2014 and 2017, a study found.Scienceread more
CNEX, backed by Microsoft and Dell, filed new allegations in a Texas suit accusing China's Huawei and an executive of trade secrets theft.Technologyread more
With Amazon and Walmart facing regulatory hurdles in India, Reliance's Mukesh Ambani isTechnologyread more
Tech usage and addiction inspires a billion-dollar mindfulness industry. CNBC's Uptin Saiidi attempts three days without any digital gadgets.Technologyread more
MILAN, May 10 (Reuters) - Fincantieri has had positive discussions with the European authorities before formally submitting its deal to buy France's Chantiers de l'Atlantique to antitrust scrutiny, the Italian shipbuilder's managing director said on Friday.
Alberto Maestrini said Fincantieri was close to concluding the prenotification phase, which prepares the ground before formally informing the European Union's antitrust authorities.
Lawyers say the prenotification period can last about a month, although there is no fixed period.
Maestrini said discussions with the EU antitrust authorities had been positive but did not give any dates for the process. "It is not easy to make predictions about the timing of the procedure," he told a conference call on first-quarter results.
The European Commission said in January it would investigate Fincantieri's planned acquisition of its French rival after France and Germany asked it to do so.
Maestrini said the shipbuilder was confident the reasons given to the antitrust authorities would be taken into account.
Fincantieri signed an agreement to buy 50% of Chantiers de l'Atlantique from France at the start of 2018.
The deal was not submitted to the authorities last year because of its small size. But after France and Germany requested an assessment at the start of 2019, Fincantieri began the prenotification procedure.
(Reporting by Francesca Landini Editing by Edmund Blair)