T-Mobile touts first nationwide 5G wireless service

T-Mobile touts first nationwide 5G wireless service

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T-Mobile US Inc. has jumped to an early lead in the race to offer 5G service nationwide, a step toward showing it can be a serious competitor to larger rivals if it gains approval for its $26.5 billion takeover of Sprint Corp. Starting Friday, when T-Mobile stores begin offering their first two 5G phones, the […]

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US proposes 100% tariffs on French goods over digital tax

US proposes 100% tariffs on French goods over digital tax

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The Trump administration on Monday proposed the imposition of 100 per cent tariffs on up to $2.4bn of French goods, including champagne, after concluding that the country’s digital services tax unfairly discriminated against American technology companies. The plan came at the end of a day marked by escalations in trade tensions between the US and […]

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Companies go 'speed dating' in race for Singapore digital bank licenses: sources By Reuters

Companies go ‘speed dating’ in race for Singapore digital bank licenses: sources By Reuters

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By Anshuman Daga SINGAPORE (Reuters) – About three dozen firms including ride-hailer Grab, Standard Chartered (L:) and Singapore Telecommunications (SI:) are in talks to form consortiums that can meet tough entry norms to bid for Singapore’s digital bank licenses, sources said. Singapore’s biggest liberalization of its banking sector in two decades seeks to enable online-only […]

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Wells Fargo hires Santander’s US chief as new COO

Wells Fargo hires Santander’s US chief as new COO

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Wells Fargo’s recently appointed chief executive Charlie Scharf has taken another step towards reshaping the bank’s senior management team, hiring Scott Powell to be the bank’s chief operating officer. Mr Powell, who had been serving as the chief executive of Santander’s US operations, will start next week. Mr Powell will have responsibility for regulatory affairs […]

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Beijing retaliates against Trump’s signing of Hong Kong act 

Beijing retaliates against Trump’s signing of Hong Kong act 

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China will no longer allow US navy ships to visit Hong Kong, in a retaliatory move after President Donald Trump signed legislation supporting protesters in the territory. The Chinese foreign ministry said it would suspend US navy port calls to Hong Kong, which must receive approval from Beijing. It also pledged to impose sanctions on four […]

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