William Hill plans to cut about a third of its betting shops and jobs in Britain after the government slashed the maximum stake permitted on fixed-odds terminals, dubbed the “crack cocaine” of gambling by their critics.
Deutsche Telekom, Huawei customer, continues vendor review
Deutsche Telekom said it was continuing a review of its vendor strategy as it announced the limited launch of 5G services in its home market, where it has partnered with China’s Huawei Technologies in trial projects.
Bitcoin’s losses grow; recoils 30% from 2019 highs
Bitcoin skidded as much as 9% on Tuesday, falling below the $10,000 mark and pushing losses to over 30% since the original cryptocurrency hit an 18-month-high last week.
Nepal’s CG Group ties up with Huawei to launch 4G services
Nepal’s Chaudhary Group (CG) has signed a deal worth about $100 million with China’s Huawei Technologies to bring 4G phone services to the country, CG’s chief executive said, shrugging off U.S. security concerns about Huawei’s products.
World’s central banks tackle technology with innovation hub
Central banks grappling with fast-changing financial technology and companies like Facebook moving into finance will aim to work together more closely through an innovation hub approved on Sunday by the Bank for International Settlements.
Saudi-Russian deal not due to tainted oil crisis: Novak
A decision by Russia and Saudi Arabia to extend a global pact on curbing production was not driven by a crisis over contaminated crude in a Russian-owned pipeline network, Russian Energy Minister Alexander Novak said on Saturday.
Deutsche lifted by Fed stress test pass in boost to Wall Street operation
Deutsche Bank’s shares rose by as much as 4.8% on Friday after Germany’s biggest bank passed an annual health check by the U.S. Federal Reserve, in a boost to its beleaguered Wall Street operations.
H&M shares jump as early summer sales shine
Swedish fashion group H&M said sales of its summer collections had started well and it would open fewer stores this year than previously planned as it adapts to the online shift, boosting its shares by 10%.
Airlines and regulators meet to discuss Boeing 737 MAX un-grounding efforts
Airlines and regulators are gathering at a closed-door summit in Montreal on Wednesday to exchange views on steps needed for a safe and coordinated return of Boeing Co’s grounded 737 MAX jets to the skies following two deadly crashes.
India’s L&T buys controlling stake in Mindtree – CNBC TV18
Indian conglomerate Larsen and Toubro Ltd (L&T) has acquired a controlling stake in IT services company Mindtree Ltd, CNBC TV18 channel reported citing sources.