REUTERS - China’s Huawei Technologies Co Ltd [HWT.UL] posted a 15 percent rise in first-half revenue, with industry data showing market share gains at home for the smartphone maker that has been largely shut out of the U.S. market over security concerns.
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REUTERS - Samsung Electronics Co Ltd (005930.KS) posted its slowest quarterly profit growth in more than a year on Tuesday as its Galaxy S9 device missed sales targets and competition heated up, casting doubt on its leadership of the smartphone market.
REUTERS - The daughter of a former president of Angola failed to respond to her first summons from state prosecutors to answer questions about her time running Sonangol, the state oil company, Angola’s state news agency reported.
REUTERS - A bomb exploded in a van in the restive southern Philippines on Tuesday, killing 11 people at a military checkpoint in what militant group Islamic State called a suicide attack for which it claimed responsibility.
REUTERS - A Zimbabwean election observer group said on Tuesday there were concerns about the independence of the country’s election commission in the run-up to the July 30 vote but noted the election was handled better than in previous years.
REUTERS - U.S. President Donald Trump said “collusion is not a crime” on Tuesday as the first trial in federal Special Counsel Robert Mueller’s Russia probe begins.
“Collusion is not a crime, but that doesn’t matter because there was No Collusion (except by Crooked Hillary and the Democrats)!” Trump wrote on Twitter.
APRNEWS - Oil prices are likely to hold fairly steady this year and next as increased output from OPEC and the U.S. meets growing demand led by Asia and helps to offset supply disruptions from Iran and elsewhere, a Reuters poll showed on Tuesday.
REUTERS - BMW (BMWG.DE) said it is investing 1 billion euros ($1.17 bln) in a new car factory in eastern Hungary, a project that could contribute to the country’s growth and strengthen its position as a center for premium car manufacturing in the region.
REUTERS - Volkswagen Chief Executive Herbert Diess named company veteran Ralf Brandstaetter as Chief Operating Officer of its core VW brand as part of a broader push to renew the carmaker’s senior management and strategy.
REUTERS - Euro zone economic growth slowed further in the second quarter, preliminary data showed, on what economists said were concerns over a possible trade war with the United States.