2019

Huawei Chief Predicts Sales Will Flatline After Trump Crackdown

SHANGHAI — Huawei, the embattled Chinese technology giant, is slashing its sales expectations for this year by around $25 billion as the Trump administration’s clampdown on the firm takes a bite out of its business. Speaking at an event on Monday at Huawei’s headquarters in the Chinese city of Shenzhen, the company’s chief executive, Ren

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Brexit: Whole democratic system in paralysis, says Tom Watson

Labour’s deputy leader Tom Watson has told the BBC’s Laura Kuenssberg he supports another Brexit referendum in order to end the current “paralysis”. “We certainly might lose some votes if we change position,” he said, but argued the party must “make the case to Labour voters why we’ve changed position”. “Parliament has failed them and

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Patrick Drahi taking Sotheby’s private in deal worth $3.7B

Billionaire entrepreneur and art collector Patrick Drahi is taking auction house Sotheby’s private in a deal valued at $3.7 billion. Drahi, through his BidFair USA company, will pay $57 per share, which is a 61% premium to the company’s Friday closing stock price. “This acquisition will provide Sotheby’s with the opportunity to accelerate the successful

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