News That Matters

Business

Saab offers GlobalEye system to Finland with Gripen aircraft proposal

Saab offers GlobalEye system to Finland with Gripen aircraft proposal

Business
June 17 (UPI) -- Saab has offered Gripen aircraft and GlobalEye early warning planes in response to Finland's request for fighter plane procurement, the Swedish aerospace company said. Finland seeks to increase its fighter plane capability and is expected to make a procurement decision by 2021, the company said Friday in a press release. Supported by the Swedish government, the package offered by Saab includes 52 Gripen E and Gripen F planes, as well as two GlobalEye Airborne Early Warning and Control aircraft. "Our offer to Finland is a comprehensive solution for air power and air defense, responding to the requirements of the HX program," Anders Carp, senior vice president and head of Saab's surveillance division, said in the release. "GlobalEye is the world's most advanced AEW&C s...
Huawei founder says firm to cut output amid US curbs

Huawei founder says firm to cut output amid US curbs

Business
Huawei founder Ren Zhengfei has said the Chinese telecoms giant will slash production by $ 30bn (£23.9bn) over the next two years as a US-led backlash against the firm intensifies.Speaking at the firm's headquarters, Mr Ren said sales were expected to remain flat at $ 100bn in 2019 and 2020. Last month, the US put Huawei on a list of companies that American firms cannot trade with unless they have a licence.The move marked an escalation in efforts by Washington to block Huawei. The US argues that the Chinese company - the world's largest maker of telecoms equipment and the second biggest smartphone maker - poses a security risk. "In the coming two years, the company will cut production by $ 30bn," Mr Ren said at a panel discussio
Tattoos at work: Are they still an issue?

Tattoos at work: Are they still an issue?

Business
Having a visible tattoo at work has long been frowned upon in certain professions, such as law, healthcare and finance. But Debbie Darling, who runs her own marketing and PR agency, says her body art has been nothing but a bonus in her career. She has 15 tattoos, including half sleeves on her arms, tattoos on her lower arms and one on the edge of her hand. "I work with the construction industry where people can be a bit sensible. But what I find is they are usually very impressed with the detail in my tattoos. The older guys who you might expect to be stuffy are as interested as the younger ones." She says her tattoos have become a talking point when she goes to networki...
Bidders get chance to own Goals Soccer Centres

Bidders get chance to own Goals Soccer Centres

Business
By Mark Kleinman, City editor The UK's second-largest five-a-side football venue owner‎ is being circled by potential bidders after its lender drafted in advisers to explore a review of its options.Sky News has learnt that Goals Soccer Centres, shares in which have been suspended since March amid an accounting probe, is preparing to launch a sale process within months. The review has been instigated by Lloyds Banking Group, which has hired Deloitte to advise on Goals' future, City sources said this weekend.The review is expected to take place over the medium-term, rather than being launched immediately.Among the prospective bidders for the business, which trades from nearly 50 sites in the UK and US, is Mike Ashley, the high street tycoon who is its b
Hong Kong extradition row: Will it damage its star status?

Hong Kong extradition row: Will it damage its star status?

Business
Changes to Hong Kong's extradition law could hurt the autonomy that has made it one of Asia's main financial hubs.The government is seeking to allow extraditions to mainland China, saying it makes sure Hong Kong remains a "safe city for residents and business".The proposed changes led to widespread protests in Hong Kong this week and sparked some of the worst violence seen there in decades.Many worry that Hong Kong's status as a global financial centre is at risk."The passage of the proposed legislation would undermine Hong Kong's status both as a hub for multinational firm operations and as a global financial centre," said Nicholas Lardy, a senior fellow at the Washington-based think tank Peterson Institute for International Eco...