Britain must get to bottom of Huawei leak: UK finance minister

Britain must get to the bottom of the leak of confidential discussions during a top-level security meeting about the role of China’s Huawei Technologies in 5G network supply chains, British finance minister Philip Hammond said on Friday. Press Release Distribution Service

Wirecard chairman will not stand for second term: Handelsblatt

Wulf Matthias will not stand for a second term as Wirecard’s chairman in 2020, German daily Handelsblatt said on Friday, citing sources in the financial industry. Press Release Distribution Service

Sony flags disappointing profit, scraps targets as gaming slows

Sony Corp warned of a sharper-than-expected drop in its annual profit and scrapped some longer-term targets, in a sign a slowdown in its gaming business as its PlayStation 4 console nears the end of its life was beginning to hurt. Press Release Distribution Service

Chinese brands rule Indian smartphone market with 2/3rds of share: report

Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like Vivo, RealMe and Oppo. Press Release Distribution Service

Dutch telecom KPN won’t use Huawei for ‘core’ 5G network

Dutch telecom firm Royal KPN NV said on Friday it would select a Western supplier to build its core 5G mobile network, making it one of the first European operators to make clear it would not pick China’s Huawei for such work. Press Release Distribution Service

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