Huawei has faced mounting political pressure as the U.S. asks other countries to block the Chinese firm from being involved in 5G networks. » Read More
The Druzhba pipeline can ship up to 1 million barrels per day (bpd), according to data sourced by Reuters — approximately 1% of global demand. » Read More
By: Ryan Browne
Wirecard's report comes on the heels of an announcement that SoftBank will invest $1 billion in the company. » Read More
Opening up a new trade front with the EU would be an unwise move. Washington should opt for an amicable settlement among close friends and allies, writes Michael Ivanovitch. » Read More
Huawei said 2019 "will be a year of large-scale deployment of 5G around the world" and its carrier business "has unprecedented opportunities for growth."
It seems that Beijing's trade arrangements with Europe are complicating American efforts to radically change trade relations with China, writes Michael Ivanovitch.
Ren Zhengfei, chief executive of Huawei, says the company endorses "unified global standards" that make installing "backdoors" a crime, and will invest more than $100 billion in research and development to ensure cybersecurity and protect user privacy.
Germany's telecom regulator has no plans to stop Huawei from participating in its 5G infrastructure, provided the company satisfies security requirements, the FT reported.
The International Monetary Fund (IMF) says it was surprised by the recent slowdown in the euro zone but expects growth to pick up again.
The central bank's shift to a more dovish stance has contributed to greater volatility in financial markets, according to Allianz's El-Erian.
"We're a bit skeptical about the ability of Europe to use stimulus to come out of this," said UBS Chairman Axel Weber.
The pound sterling has been trading above the 1.30-level against the greenback over the past month.
German Finance Minister Olaf Scholz says his biggest concern with tech firms is that "they tend to pay taxes nowhere."
European Council President Donald Tusk told the U.K. not to waste the additional time that has been agreed on for the country to leave the European Union.
CNBC's Steve Liesman reports on comments from the European Central Bank president Mario Draghi.
The trial will last for six weeks at Frankfurt Airport in Germany.
With Germany refusing to budge from its budget surpluses and to stop syphoning out 160 billion euro of purchasing power from its EU trade partners, the ECB is left to pick up the pieces, writes Michael Ivanovitch.
A flurry of Brexit activity early Friday morning saw both the EU and the U.K. move to lengthen the current timetable for negotiations.
Germany's economy could experience a "significant cooling" in 2019, the country's leading economic institutes have warned.
European stocks closed lower on Thursday, as traders monitored developments from ongoing U.S.-China trade talks.