European Press Roundup: Huawei CEO Speaks of Cold War, Telecom Italia Said to Be Eyeing Merger With Open Fiber
April 18 2019 - 8:27AM
Dow Jones News
In Europe today, worse-than-expected Eurozone manufacturing data
dampens stocks ahead of Easter holidays. The top business story:
Swiss food-and-beverage giant Nestle posts above-expectations
organic sales growth. Read about the above topics on Dow Jones
Newswires or WSJ.com.
In Other Media...
In his first interview with German media, Huawei CEO Ren
Zhengfei criticized the United States and warned of a "new cold
war." To avoid such a conflict, the west "must remain open and
accept the rise of other countries," he said. Mr. Zhengfei
criticized the U.S.'s stance on the global construction of 5G
networks. "Unfortunately, the U.S. sees 5G technology as a
strategic weapon. For them, it's a kind of nuclear bomb," he said.
-Handelsblatt/Wirtschaftswoche
Telecom Italia isn't considering a spinoff of its network
anymore, but it may be interested in a merger with Open Fiber, a
smaller rival. -Il Sole 24 Ore
Irish food group Glanbia faces a number of large investors
voting against its move to increase the salary of Chief Executive
Siobhan Talbot by 22% and make it easier for top managers to
receive bonus stock rewards. Glass Lewis and Institutional
Shareholder Services, the two most influential advisers to major
international investors on corporate-governance issues, have
advised clients to reject the company's remuneration report at its
annual general meeting next week. -The Irish Times
German broadcaster RTL believes its TV Now streaming service has
"good chances" to become a competitor to global streaming platforms
such as Netflix. "We want to be the German champion that connects
television and streaming," RTL CEO Bernd Reichart says. "For us, TV
stands for Total Video." -FAZ
Russian investment fund LetterOne has extended the deadline for
Dia shareholders to accept its takeover bid for the struggling
Spanish supermarket. Shareholders now have until April 30 to
subscribe to the offer, a week later than the original deadline of
April 23. -El Economista
French arms export rose 30% in 2018, the country's third best
performance in 20 years. The sales amounted to between EUR9.1
billion and EUR9.2 billion. -La Tribune
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(END) Dow Jones Newswires
April 18, 2019 08:12 ET (12:12 GMT)
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