Business

Facebook plans to launch ‘GlobalCoin’ currency in 2020

By The Frontier Post | May 25, 2019

LONDON (BBC News): Facebook is finalising plans to launch its own crypto-currency next year. It is planning to set up a digital payments system in about a dozen countries by the first quarter of 2020. The social media giant wants to start testing its crypto-currency, which has been referred to internally as GlobalCoin, by the…

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Huawei shipments could fall by up to a quarter this year

By The Frontier Post | May 25, 2019

HONG KONG/SHANGHAI (Reuters): China’s Huawei, hit by crippling US sanctions, could see shipments decline by as much as a quarter this year and faces the possibility that its smartphones will disappear from international markets, analysts said. Smartphone shipments at Huawei, the world’s second-largest smartphone maker by volume, could tumble between 4% and 24% in 2019…

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WS set for modest gains at open

By The Frontier Post | May 25, 2019

NEW YORK (Reuters): US stocks were set to open modestly higher on Friday after a sell-off, on cautious optimism after President Donald Trump predicted a swift end to the tariff war with China and a resolution to complaints against Huawei Technologies Co Ltd. Trump said on Thursday that Huawei could be included in the US-China…

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