Nokia cuts profit forecast and revamps strategy, shares slump 13%

[ad_1] By Anne Kauranen, Supantha Mukherjee STOCKHOLM/HELSINKI (Reuters) – Telecom equipment maker Nokia NOKIA.HE cut its full-year profit and margin forecasts on Thursday, sending its shares tumbling 13% as the…

Pompeo warns Italy over China’s economic influence

[ad_1] ROME, Sept 30 (Reuters) – U.S. Secretary of State Mike Pompeo said on Wednesday he was concerned about China’s plans to extend its economic influence in Italy and warned…

Italy vetoes 5G deal between Fastweb and China’s Huawei: sources

[ad_1] By Giuseppe Fonte, Elvira Pollina ROME (Reuters) – Italy has prevented telecoms group Fastweb from signing a deal for Huawei [HWT.UL] to supply equipment for its 5G core network,…

Sweden bans Huawei, ZTE from upcoming 5G networks

[ad_1] By Supantha Mukherjee, Helena Soderpalm STOCKHOLM (Reuters) – Sweden has banned telecoms equipment from Huawei and ZTE 000063.SZ in its 5G network, joining other European nations that have restricted…

IBM names head of new IT infrastructure services company

[ad_1] FILE PHOTO: A man stands near an IBM logo at the Mobile World Congress in Barcelona, Spain, February 25, 2019. REUTERS/Sergio Perez/File Photo (Reuters) – IBM Corp on Thursday…