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STMicro CEO says a Huawei ban would not threaten US$12 billion revenue target

Franco-Italian chipmaker STMicroelectronics would still reach its mid-term revenue target in the event of a ban of Huawei telecoms components in Europe, its chief executive said after the group published better-than-expected earnings on growing demand for its next-generation products.

Markets

From Communist-era roots to cash cows: Poland’s gaming industry takes on the world

The drab exteriors of a pair of 1970s buildings in an industrial Warsaw neighbourhood belie the hive of high-tech activity inside where developers, screenplay writers and others at leading video game maker CD Projekt hustle to create the next global hit.

Markets

Waymo to test autonomous trucks, vans in Texas and New Mexico

Waymo, the self-driving unit of Alphabet Inc, said on Thursday it will start testing autonomous trucks and vans in Texas and New Mexico this week.

Markets

P&G posts first quarterly sales miss in over a year

Procter & Gamble Co reported lower-than-expected quarterly sales on Thursday, its first miss in five quarters, hurt by a stronger dollar, sending its shares down about 2per cent.

Markets

Futures inch lower on worsening China virus concerns, mixed earnings

U.S. stock index futures edged lower on Thursday on rising worries over the coronavirus outbreak in China that prompted a lockdown of two cities in the country, with a mixed bag of results adding to the dour sentiment.

Markets

American Airlines profit rises 27% as travel demand offsets MAX impact

American Airlines Group Inc reported a 27per cent rise in fourth-quarter profit on Thursday, as strong travel demand helped the U.S. airline counter the impact of flight cancellations due to the 737 MAX grounding.

Markets

American Airlines profit rises 27per cent as travel demand offsets MAX impact

American Airlines Group Inc reported a 27per cent rise in fourth-quarter profit on Thursday, as strong travel demand helped the U.S. airline counter the impact of flight cancellations due to the 737 MAX grounding.

Markets

Blues health insurers fund US non-profit’s generic drug expansion

A group of Blue Cross Blue Shield insurers is investing US$55 million in a new venture with a non-profit generic drug manufacturer to try to offer cheaper prices on pharmacy drugs to their members, the companies said on Thursday.

Markets

Insys founder faces stiff prison sentence, US$100 million-plus in forfeiture

John Kapoor, the founder of Insys Therapeutics Inc, on Thursday could be sentenced to several years in prison and ordered to forfeit up to US$113 million for his role in a bribery and fraud scheme that contributed to the U.S. opioid crisis.

Markets

Hotel operators waive fees for Chinese hotel cancellations as Wuhan virus fears grow

InterContinental Hotels and Hyatt will allow guests to change or cancel stays at most Chinese hotels as a deadly coronavirus outbreak overshadows Chinese New Year holiday plans.

Markets

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