Royal Bank of Scotland and Santander rebuked for breaking PPI rules

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Royal Bank of Scotland and Santander rebuked for breaking PPI rules

The UK’s competition authority has rebuked Royal Bank of Scotland and Santander for breaching payment protection insurance rules just days ahead of the deadline for claims in the biggest-ever financial mis-selling scandal. The Competition and Markets …
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Huawei reckons US ban will cost its phone division $10 billion

Huawei isn’t expecting the US ban to hurt its revenues as much as it did previously. Óscar Gutiérrez/CNET. Huawei said the impact of its blacklisting by the US Commerce Department would be less than it previously estimated, Reuters reported Friday. Eric Xu …
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Huawei Launches AI Chip in Push to Unseat US Makers

Huawei Technologies Co. trumpeted its first high-end artificial-intelligence processor, the Chinese telecom giant’s latest attempt to challenge Silicon Valley in advanced technology. Huawei on Friday revealed details of the chip, the Ascend 910, designed to …
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Dow futures slide as trade fears overshadow Federal Reserve moves

New York (CNN Business) Dow and broader stock futures dropped early Friday following reports that China is planning to retaliate with a new round of import tariffs on US goods. The trade news was overshadowing the annual Federal Reserve symposium in …
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Trade war: China slaps tariffs on $75B of US goods

China Opens a New Window. slapped new tariffs on $75 billion worth of U.S. goods. This is the latest in the ongoing trade war Opens a New Window. as the United States prepares to place tariffs on another $300 billion worth of Chinese goods in September.
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