The impact of EU parliamentary elections on Brexit

The impact of EU parliamentary elections on Brexit14 Hours AgoFariborz Moshirian of UNSW Business School discusses the potential outcomes for Brexit. He says negotiations between the two major political parties in the U.K. are likely to continue.


The impact of EU parliamentary elections on Brexit14 Hours AgoFariborz Moshirian of UNSW Business School discusses the potential outcomes for Brexit. He says negotiations between the two major political parties in the U.K. are likely to continue.
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Company: cnbc, Activity: cnbc, Date: 2019-05-06
Keywords: news, cnbc, companies, political, unsw, outcomes, negotiations, moshirian, impact, elections, parliamentary, potential, uk, parties, eu, brexit, school


The impact of EU parliamentary elections on Brexit

The impact of EU parliamentary elections on Brexit

14 Hours Ago

Fariborz Moshirian of UNSW Business School discusses the potential outcomes for Brexit. He says negotiations between the two major political parties in the U.K. are likely to continue.


Company: cnbc, Activity: cnbc, Date: 2019-05-06
Keywords: news, cnbc, companies, political, unsw, outcomes, negotiations, moshirian, impact, elections, parliamentary, potential, uk, parties, eu, brexit, school


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‘The center of the political universe’ — Iowa is even more important than usual in the 2020 election

The president won Iowa by about 10 percentage points in 2016 after President Barack Obama carried the state twice. Iowa Soybean Association President Lindsay Greiner Joseph L. Murphy | Iowa Soybean AssociationLindsay Greiner, president of the Iowa Soybean Association, said “there’s really bean a lack of any good news.” The majority House Democrats are in no hurry to bring the deal to a vote in the chamber. With the issues facing Iowa, Democrats have looked for ways to gain an edge in 2020. “We d


The president won Iowa by about 10 percentage points in 2016 after President Barack Obama carried the state twice. Iowa Soybean Association President Lindsay Greiner Joseph L. Murphy | Iowa Soybean AssociationLindsay Greiner, president of the Iowa Soybean Association, said “there’s really bean a lack of any good news.” The majority House Democrats are in no hurry to bring the deal to a vote in the chamber. With the issues facing Iowa, Democrats have looked for ways to gain an edge in 2020. “We d
‘The center of the political universe’ — Iowa is even more important than usual in the 2020 election Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: jacob pramuk
Keywords: news, cnbc, companies, house, democratic, democrats, state, trade, iowa, vote, important, universe, trump, usual, political, 2020, election, president, center, states


'The center of the political universe' — Iowa is even more important than usual in the 2020 election

Democratic presidential candidate Senator Bernie Sanders (I-VT) speaks during a rally at the Fairfield Arts and Convention Center on April 06, 2019 in Fairfield, Iowa. Scott Olson | Getty Images

Democratic presidential candidates swarm. A nine-term U.S. House incumbent faces a primary challenge. Farmers watch to see whether President Donald Trump can end his trade conflicts — and ease their financial pain. That’s only the start of the intrigue in Iowa ahead of the 2020 elections. Even for a presidential campaign staging ground and White House swing state, the Hawkeye State will play a massive role next year. “Iowa is always important, but it really will be the center of the political universe for much of 2020,” said Alex Conant, a Republican strategist who worked on first-term Sen. Joni Ernst’s 2014 campaign victory. All four of the state’s House districts have a chance to change hands as Democrats try to hold a majority they won last year in part through a strong showing in Iowa. Meanwhile, Republicans may need Ernst to hold her seat to keep their Senate majority. Trump looms above it all. The president won Iowa by about 10 percentage points in 2016 after President Barack Obama carried the state twice. But frustrations have started to boil in a state heavily reliant on exports to Canada and Mexico. The president’s tariff policy and struggle to ratify updates to the North American Free Trade Agreement have created uncertainty for farms and other businesses. Of course, most of the focus on Iowa relates to its February caucuses, the first nominating contest in the Democratic presidential primary. The more than 20 candidates in the primary field have descended on the state in recent months, standing on counters, eating ice cream and serving beer as they court the state’s voters. A strong showing there can help Democrats establish an early foothold in the race to challenge Trump for the White House.

There’s more than a presidential race in Iowa

But much more will happen in Iowa to shape the battle for control of the White House and Congress in 2020. Along with states such as Pennsylvania and Michigan, Iowa voted for Trump after backing Obama twice. All of those states swung toward Democrats in last year’s midterms: in Iowa, Reps. Abby Finkenauer and Cindy Axne flipped GOP-held seats, while Republican Gov. Kim Reynolds won reelection by only about 2.5 percentage points. Iowa will play a major role in House elections again next year. Republicans have their eyes on taking back both Finkenauer’s 1st District and Axne’s 3rd District. The GOP will also target the state’s 2nd District, which despite its blue tilt has entered the 2020 battlefield due to Democratic Rep. Dave Loebsack’s retirement. Meanwhile, Republican Rep. Steve King in Iowa’s 4th District will have to fight off primary and general election challenges next year after surviving a close call in 2018. King, who has served for more than 15 years, lost party support and was stripped of committee assignments because of racist comments. His leading GOP rival for the seat is state Sen. Randy Feenstra, who easily raised more money than King in the first quarter. King’s district is “so heavily Republican that it really hasn’t been competitive for quite a while,” said Tim Hagle, an associate professor of political science at the University of Iowa. He said it has a better chance of flipping to Democratic control if King wins the nomination over one of his Republican challengers. Combined with Loebsack’s retirement and the freshman Democrats’ defense of their seats, the state has more congressional ballot intrigue than it has in years. At the statewide level, Ernst has an early advantage in the race to keep her seat. She won by nearly 10 percentage points in 2014. Democrats have struggled to find a top-tier challenger to take her on — both former Iowa Gov. Tom Vilsack and Axne declined to run for Senate. Still, the factors that could make Trump’s reelection close in Iowa will also affect Ernst. Iowa sits at the center of two national issues that will test voters’ patience not only for the president but also other incumbents. Farmers damaged by lower prices caused in part by Trump’s trade war with China want to see the conflict end and hope Congress will approve the new United States Mexico Canada Agreement.

Iowa Soybean Association President Lindsay Greiner Joseph L. Murphy | Iowa Soybean Association

Lindsay Greiner, president of the Iowa Soybean Association, said “there’s really bean a lack of any good news.” The organization advocates for soybean farmers in Iowa, the largest U.S. producer of the crop. Prices have plunged since the U.S. started a tit-for-tat tariff battle with China. The Trump administration has pushed Beijing to purchase more soybeans as part of any agreement. “Politicians are dragging their feet on approving USMCA. Progress has been made on a deal with China but it’s been slow,” Greiner said, referring to the updated NAFTA, which Trump has dubbed the United States Mexico Canada Agreement. He added that politicians appear “more concerned about whether Russia meddled in an election when there’s real economic hardship going on in farm country.” Greiner grows about 800 acres of corn and 700 acres of soybeans near Keota, Iowa. He said he has looked for ways to cut costs as the revenue for his farm has dropped by about $80,000 in the last year. The prospects look grim for USMCA approval soon. The majority House Democrats are in no hurry to bring the deal to a vote in the chamber. Republicans, led by Senate Finance Committee Chairman Chuck Grassley-R-Iowa, and Ernst, have pushed Trump to drop tariffs and steel and aluminum imports from Canada and Mexico before moving forward with the agreement. Iowa relies on America’s northern and southern neighbors. It sent $4.2 billion in goods, or about 30 percent of its exports, to Canada in 2018, according to the U.S. Trade Representative. It exported $2.3 billion in goods to Mexico. With about 18 months until the election and a Democratic nominee to be determined, it will take a while before we know whether the trade conflicts hurt Trump’s reelection. Greiner has voted for candidates from both major parties and supported both Trump and Loebsack in 2016. He said it is “too soon to tell” whether he will vote for a second term for the president. Trade has implications for Iowa’s House races, too. All four of Iowa’s congressional districts are among the 36 that have soybean plantings of more than half a million acres. Both Finkenauer and Axne criticized Trump’s tariffs on China on the way to winning their seats. While King acknowledged the damage the trade war caused to Iowa farmers, he, along with Trump, has stressed patience.

The disaster relief problem

Ryan Lincoln maneuvers his boat through flood water at the intersection of Pershing Ave and E 2nd St. Thursday, May 2, 2019. Kevin E. Schmidt | Quad City Times via AP

Farmers in western Iowa already ravaged by trade conflict took another devastating blow earlier this year. The worst flooding in years hit the state, along with Nebraska and Missouri. It put a focus not only on climate change but also the integrity of U.S. infrastructure. With the issues facing Iowa, Democrats have looked for ways to gain an edge in 2020. Sen. Elizabeth Warren, D-Mass., proposed appointing “trustbusters” to review and reverse “anti-competitive mergers” in the agriculture industry. Sen. Amy Klobuchar, a Minnesota Democrat used to campaigning in farm country, has put an emphasis on overhauling infrastructure and connecting rural Americans to the internet. Multiple Democratic candidates have toured the flooded areas of Iowa. Washington Gov. Jay Inslee — who has run primarily on a pledge to combat climate change — used the moment to accuse Trump of making natural disasters worse by failing to address a warming planet. In only the last few days, the eastern part of Iowa took a hit. Flood waters swept into Davenport, Iowa, on Tuesday temporary structures holding back a swollen Mississippi River gave way. Warren cited Davenport on Thursday in saying “climate change is here, and it’s up to us to act.” But Iowa carries its pitfalls for Democrats. The Senate has failed to pass a bill to send natural disaster relief funds to states such as Iowa, Florida, Texas and California. Democrats have pushed for a package to include more aid for hurricane-ravaged Puerto Rico — spending Trump does not support. All six senators running for president as Democrats either voted not to advance, or missed the vote on, a GOP-backed bill that they said lacked enough relief money for the island commonwealth. When the vote took place last month, Grassley warned his colleagues about political backlash in Iowa. “To my colleagues across the aisle who have been spending a lot of time in Iowa lately as presidential candidates, if you vote against moving forward with the [relief money for Midwestern states], how are you going to look Iowans in the eye and justify a vote against moving this disaster relief bill ahead?” he asked at the time. Trade poses another issue for parts of the Democratic field in Iowa. Leading candidates whose trade views overlap with Trump’s — such as Sen. Bernie Sanders, I-Vt., and Warren — will have to defend their opposition to trade deals such as NAFTA that have shaped the Iowa economy.

“We do want to have an end in sight”

Soybean harvesting in Iowa Joseph L. Murphy | Iowa Soybean Association


Company: cnbc, Activity: cnbc, Date: 2019-05-03  Authors: jacob pramuk
Keywords: news, cnbc, companies, house, democratic, democrats, state, trade, iowa, vote, important, universe, trump, usual, political, 2020, election, president, center, states


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White House lawyer slams Mueller report for making ‘political statements’

Acting White House Counsel Emmet Flood walks in the halls of the Russell Senate Office Building before heading into the offices of Senate Intelligence Committee Chairman Richard Burr on Capitol Hill January 09, 2019 in Washington, DC. White House lawyer Emmet Flood sent a letter to Attorney General William Barr accusing special counsel Robert Mueller of making “political statements” in his report on Russia and President Donald Trump. Flood’s five-page letter to Barr claimed that the report on Mu


Acting White House Counsel Emmet Flood walks in the halls of the Russell Senate Office Building before heading into the offices of Senate Intelligence Committee Chairman Richard Burr on Capitol Hill January 09, 2019 in Washington, DC. White House lawyer Emmet Flood sent a letter to Attorney General William Barr accusing special counsel Robert Mueller of making “political statements” in his report on Russia and President Donald Trump. Flood’s five-page letter to Barr claimed that the report on Mu
White House lawyer slams Mueller report for making ‘political statements’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: kevin breuninger
Keywords: news, cnbc, companies, white, flood, senate, house, letter, report, political, statements, making, slams, mueller, possible, lawyer, barr, emmet, trump, muellers


White House lawyer slams Mueller report for making 'political statements'

Acting White House Counsel Emmet Flood walks in the halls of the Russell Senate Office Building before heading into the offices of Senate Intelligence Committee Chairman Richard Burr on Capitol Hill January 09, 2019 in Washington, DC.

White House lawyer Emmet Flood sent a letter to Attorney General William Barr accusing special counsel Robert Mueller of making “political statements” in his report on Russia and President Donald Trump.

Flood’s five-page letter to Barr claimed that the report on Mueller’s far-reaching probe should not be legitimized or taken as precedent, and argued that Trump has retained his executive privilege rights related to the probe.

The letter to Barr is dated April 19 — a day after the public release of a redacted version of Mueller’s 448-page report on Russian meddling in the 2016 election, possible collusion with the Kremlin and possible obstruction of justice by Trump himself.


Company: cnbc, Activity: cnbc, Date: 2019-05-02  Authors: kevin breuninger
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Your mutual fund may have a political bias — and that could cost you

But you probably never thought that could apply to the mutual fund you’re invested in due to political bias. The researchers set out to evaluate whether mutual fund managers tend to put more money into companies that are led by executives that share their political ideologies or party affiliations. “There is a consistent pattern that fund managers are likely to invest more in firms with leadership that have ideology that’s similar to theirs,” Xi said. The research looked at the managers of 1,298


But you probably never thought that could apply to the mutual fund you’re invested in due to political bias. The researchers set out to evaluate whether mutual fund managers tend to put more money into companies that are led by executives that share their political ideologies or party affiliations. “There is a consistent pattern that fund managers are likely to invest more in firms with leadership that have ideology that’s similar to theirs,” Xi said. The research looked at the managers of 1,298
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Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: lorie konish, mark stoeckle, ceo of adams funds
Keywords: news, cnbc, companies, managers, bias, cost, xi, professor, finance, executives, mutual, probably, fund, research, political


Your mutual fund may have a political bias — and that could cost you

You’ve probably heard the saying “Birds of a feather flock together.”

But you probably never thought that could apply to the mutual fund you’re invested in due to political bias.

Yet that is exactly what research from Dr. Yaoyi Xi, assistant professor of finance at San Diego State University’s Fowler College of Business, and Dr. M. Babajide Wintoki, associate professor of finance at the University of Kansas School of Business, found.

The researchers set out to evaluate whether mutual fund managers tend to put more money into companies that are led by executives that share their political ideologies or party affiliations.

And the answer to that question, in soon to be published research, is yes.

“There is a consistent pattern that fund managers are likely to invest more in firms with leadership that have ideology that’s similar to theirs,” Xi said.

The research looked at the managers of 1,298 actively managed mutual funds, as well as executives of 16,655 companies.

They then compared how those individuals donated to political campaigns from 1990 through 2016, based on data from the Center for Responsive Politics. That data was used to determine the fund managers’ and executives’ political leanings based on their net donations.


Company: cnbc, Activity: cnbc, Date: 2019-05-01  Authors: lorie konish, mark stoeckle, ceo of adams funds
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Trump sues Deutsche Bank and Capital One to block House subpoenas for his financial information

U.S. President Donald Trump, three of his children and the Trump Organization sued Deutsche Bank and Capital One, in a bid to block the two from responding to congressional subpoenas, according a Monday court filing. The U.S. House issued a subpoena to Deutsche Bank earlier this month and the German lender had said in January that it had received inquiries from Democrat-controlled committees about its links to Trump. In the complaint filed on Monday, the president’s team argued that his politica


U.S. President Donald Trump, three of his children and the Trump Organization sued Deutsche Bank and Capital One, in a bid to block the two from responding to congressional subpoenas, according a Monday court filing. The U.S. House issued a subpoena to Deutsche Bank earlier this month and the German lender had said in January that it had received inquiries from Democrat-controlled committees about its links to Trump. In the complaint filed on Monday, the president’s team argued that his politica
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Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: eustance huang
Keywords: news, cnbc, companies, subpoenas, services, deutsche, bank, capital, personal, trump, political, issued, sues, information, block, financial, purpose, president, house


Trump sues Deutsche Bank and Capital One to block House subpoenas for his financial information

U.S. President Donald Trump, three of his children and the Trump Organization sued Deutsche Bank and Capital One, in a bid to block the two from responding to congressional subpoenas, according a Monday court filing.

The U.S. House issued a subpoena to Deutsche Bank earlier this month and the German lender had said in January that it had received inquiries from Democrat-controlled committees about its links to Trump. In the complaint filed on Monday, the president’s team argued that his political opponents leading the House Intelligence and Financial Services Committees are on a fishing expedition.

“This case involves Congressional subpoenas that have no legitimate or lawful purpose. The subpoenas were issued to harass President Donald J. Trump, to rummage through every aspect of his personal finances, his businesses, and the private information of the President and his family, and to ferret about for any material that might be used to cause him political damage. No grounds exist to establish any purpose other than a political one,” the complaint said.

The filing said the two banks have “long provided business and personal banking services” to the Trumps, and the subpoenas seeking a complete accounting of financial records are an instance of “remarkable overbreadth.”


Company: cnbc, Activity: cnbc, Date: 2019-04-30  Authors: eustance huang
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‘Very unlikely’ for Brexit to be resolved by May 22: Professor

‘Very unlikely’ for Brexit to be resolved by May 22: Professor3 Hours AgoJonathan Portes of King’s College London discusses Brexit and the political future of U.K. Prime Minister Theresa May.


‘Very unlikely’ for Brexit to be resolved by May 22: Professor3 Hours AgoJonathan Portes of King’s College London discusses Brexit and the political future of U.K. Prime Minister Theresa May.
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'Very unlikely' for Brexit to be resolved by May 22: Professor

‘Very unlikely’ for Brexit to be resolved by May 22: Professor

3 Hours Ago

Jonathan Portes of King’s College London discusses Brexit and the political future of U.K. Prime Minister Theresa May.


Company: cnbc, Activity: cnbc, Date: 2019-04-24
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Ukraine faces up to reality after political novice wins landslide

This has enabled him to attract young voters who are disaffected with the political establishment in Ukraine. Introducing himself on his website, Zelensky (or “Ze” as he is known) said his goal is to “make people happier in Ukraine. A pre-election program on his website, while lacking specifics, also gives clues on what we could see from Zelensky now he’s president-elect. Zelensky has promised to break the power of oligarchs in Ukraine. For his part, Zelensky said last week that anyone who break


This has enabled him to attract young voters who are disaffected with the political establishment in Ukraine. Introducing himself on his website, Zelensky (or “Ze” as he is known) said his goal is to “make people happier in Ukraine. A pre-election program on his website, while lacking specifics, also gives clues on what we could see from Zelensky now he’s president-elect. Zelensky has promised to break the power of oligarchs in Ukraine. For his part, Zelensky said last week that anyone who break
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Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: holly ellyatt, genya savilov, afp, getty images, sergei supinsky
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Ukraine faces up to reality after political novice wins landslide

With his background in comedy and acting, Zelensky knows how to woo an audience and the 41-year-old has certainly used social media to good effect in his election campaigning. This has enabled him to attract young voters who are disaffected with the political establishment in Ukraine.

Older voters too are fed up at a lack of progress on tackling corruption, analysts note, and they view Zelensky, different from the norm with his informal approach, as a breath of fresh air.

Introducing himself on his website, Zelensky (or “Ze” as he is known) said his goal is to “make people happier in Ukraine. I want to see joyful faces around.” A pre-election program on his website, while lacking specifics, also gives clues on what we could see from Zelensky now he’s president-elect.

Suggesting a digital push, Zelensky’s program states that he wants to see a Ukraine “where you can open an business in an hour, get a passport in 15 minutes, and vote in elections — in one second, on the Internet.”

The comedian also alludes to wanting to boost employment, provide housing for young families, tackle corruption and nepotism, and improve wages and pensions.

His first task as president would be to empower the people through referendums “and other forms of direct democracy,” he notes. He adds that he wants to improve justice and equality in Ukraine and has gone so far that he wants to remove parliamentary immunity from prosecution and would reform the judicial system.

Despite critics saying that Zelensky’s plans could prove tricky, it’s been noted that he has surrounded himself with experienced advisors who are now expected to take ministerial posts.

Last week, former Finance Minister Oleksandr Danyliuk (who could be in the running for the post of foreign minister) said that if Zelensky won the election, his team will not include officials or ministers from Poroshenko’s administration, signaling a clear break from the past.

Zelensky has promised to break the power of oligarchs in Ukraine. But his own relationship with self-exiled, controversial oligarch Ihor Kolomoisky, who owns the TV channel that Zelensky’s productions are broadcast on, has also come under scrutiny. For his part, Zelensky said last week that anyone who breaks the laws, including Kolomoisky, would be put behind bars.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: holly ellyatt, genya savilov, afp, getty images, sergei supinsky
Keywords: news, cnbc, companies, landslide, week, zelenskys, wants, voters, zelensky, reality, young, novice, ukraine, program, minister, faces, website, wins, political


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Trump met with Twitter CEO Jack Dorsey

President Donald Trump met with Twitter co-founder and CEO Jack Dorsey at the White House on Tuesday, press secretary Sarah Sanders confirmed after the meeting had ended. Shortly thereafter, Trump tweeted: “Lots of subjects discussed regarding their platform, and the world of social media in general. Following the meeting, a Twitter spokesperson told NBC News that “Jack had a constructive meeting with the President of the United States today at the president’s invitation. The president uses Twit


President Donald Trump met with Twitter co-founder and CEO Jack Dorsey at the White House on Tuesday, press secretary Sarah Sanders confirmed after the meeting had ended. Shortly thereafter, Trump tweeted: “Lots of subjects discussed regarding their platform, and the world of social media in general. Following the meeting, a Twitter spokesperson told NBC News that “Jack had a constructive meeting with the President of the United States today at the president’s invitation. The president uses Twit
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Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: christina wilkie, chris kleponis, bloomberg, getty images
Keywords: news, cnbc, companies, public, twitter, social, meeting, ceo, president, republican, met, political, jack, trump, trumps, dorsey, white


Trump met with Twitter CEO Jack Dorsey

President Donald Trump met with Twitter co-founder and CEO Jack Dorsey at the White House on Tuesday, press secretary Sarah Sanders confirmed after the meeting had ended.

Shortly thereafter, Trump tweeted: “Lots of subjects discussed regarding their platform, and the world of social media in general. Look forward to keeping an open dialogue!”

Following the meeting, a Twitter spokesperson told NBC News that “Jack had a constructive meeting with the President of the United States today at the president’s invitation. They discussed Twitter’s commitment to protecting the health of the public conversation ahead of the 2020 U.S. elections and efforts underway to respond to the opioid crisis.”

Trump’s positive assessment of the meeting represented a reversal from his attitude toward the company just hours before, on Tuesday morning, when he used his personal Twitter account to criticize the tech giant.

There is no evidence to support Trump’s claim that Twitter is “very discriminatory,” or that it is “hard for people to sign on.” Trump’s allegation that Twitter is “constantly taking people off list,” likewise appears to be unfounded, although the site does take steps to remove automated accounts that impersonate real people, known as bots. It was also unclear precisely what Trump was referring to by, “Big complaints from many people.”

In response to similar criticism from Trump in March, the company said, “We enforce the Twitter rules impartially for all users, regardless of their background or political affiliation.”

Trump is a prolific tweeter, and his account had more than 59 million followers as of Tuesday afternoon. The president uses Twitter practically every day to communicate directly with the public on issues affecting every facet of his administration.

Over the course of a day, Trump’s Twitter topics can range from serious foreign policy matters like the North Korean nuclear talks, to small scale domestic political rivalries.

The social media platform was instrumental in driving Trump’s meteoric rise through the ranks of Republican politics. In 2015 and 2016, Trump’s blunt, outspoken tweets helped him to break through a crowded Republican primary field to win the party’s presidential nomination and from there, the White House.


Company: cnbc, Activity: cnbc, Date: 2019-04-23  Authors: christina wilkie, chris kleponis, bloomberg, getty images
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Huawei says its first-quarter revenue jumped 39% despite political pressure

Huawei reported a 39 percent year-on-year increase in first-quarter revenue on Monday as it continues to see growth despite continued political pressure. The Chinese networking equipment maker said revenue totaled 179.7 billion yuan ($26.8 billion) for the first three months of 2019. Huawei said in a press release that 2019 “will be a year of large-scale deployment of 5G around the world” and its carrier business “has unprecedented opportunities for growth.” By the end of March, Huawei had signe


Huawei reported a 39 percent year-on-year increase in first-quarter revenue on Monday as it continues to see growth despite continued political pressure. The Chinese networking equipment maker said revenue totaled 179.7 billion yuan ($26.8 billion) for the first three months of 2019. Huawei said in a press release that 2019 “will be a year of large-scale deployment of 5G around the world” and its carrier business “has unprecedented opportunities for growth.” By the end of March, Huawei had signe
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Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: arjun kharpal, lluis gene, afp, getty images
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Huawei says its first-quarter revenue jumped 39% despite political pressure

Huawei reported a 39 percent year-on-year increase in first-quarter revenue on Monday as it continues to see growth despite continued political pressure.

The Chinese networking equipment maker said revenue totaled 179.7 billion yuan ($26.8 billion) for the first three months of 2019. The company said it shipped 59 million smartphones in the first quarter.

Huawei said in a press release that 2019 “will be a year of large-scale deployment of 5G around the world” and its carrier business “has unprecedented opportunities for growth.” By the end of March, Huawei had signed 40 commercial contracts for 5G with leading global carriers. 5G refers to the fifth generation of mobile networks that promises super-fast data speeds with the ability to support new technologies like driverless cars.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: arjun kharpal, lluis gene, afp, getty images
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Huawei says its first-quarter revenue jumped 39% despite political pressure

Huawei reported a 39 percent year-on-year increase in first-quarter revenue on Monday as it continues to see growth despite continued political pressure. The Chinese networking equipment maker said revenue totaled 179.7 billion yuan ($26.8 billion) for the first three months of 2019. Huawei said in a press release that 2019 “will be a year of large-scale deployment of 5G around the world” and its carrier business “has unprecedented opportunities for growth.” By the end of March, Huawei had signe


Huawei reported a 39 percent year-on-year increase in first-quarter revenue on Monday as it continues to see growth despite continued political pressure. The Chinese networking equipment maker said revenue totaled 179.7 billion yuan ($26.8 billion) for the first three months of 2019. Huawei said in a press release that 2019 “will be a year of large-scale deployment of 5G around the world” and its carrier business “has unprecedented opportunities for growth.” By the end of March, Huawei had signe
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Huawei says its first-quarter revenue jumped 39% despite political pressure

Huawei reported a 39 percent year-on-year increase in first-quarter revenue on Monday as it continues to see growth despite continued political pressure.

The Chinese networking equipment maker said revenue totaled 179.7 billion yuan ($26.8 billion) for the first three months of 2019. The company said it shipped 59 million smartphones in the first quarter.

Huawei said in a press release that 2019 “will be a year of large-scale deployment of 5G around the world” and its carrier business “has unprecedented opportunities for growth.” By the end of March, Huawei had signed 40 commercial contracts for 5G with leading global carriers. 5G refers to the fifth generation of mobile networks that promises super-fast data speeds with the ability to support new technologies like driverless cars.


Company: cnbc, Activity: cnbc, Date: 2019-04-22  Authors: arjun kharpal, lluis gene, afp, getty images
Keywords: news, cnbc, companies, 2019, jumped, billion, political, firstquarter, yearonyear, despite, pressure, unprecedented, yuan, growth, revenue, 5g, 39, huawei, world


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