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Arrest Shakes Huawei as Global Skepticism of Its Business Grows

It is one of China’s proudest corporate success stories, a colossus in cutting-edge technology that elbowed out Western rivals to become the biggest supplier of the hardware that connects our modern world.Now, all around the globe, the walls are going up for Huawei.The United States, which for years has considered the Chinese telecommunications giant a security threat, aimed a straight shot at the company’s leadership when it secured the arrest, in Canada, of Huawei’s chief financial officer.But lately, Huawei’s setbacks have come on multiple fronts, from New Zealand and Australia to Britain and Canada. China sees the company as a pivotal driver of its ambitions for global…

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Farewell ‘Gampy’ – former U.S. president George H.W. Bush mourned by family

HOUSTON (Reuters) - Former U.S. President George H.W. Bush’s family took center stage at his funeral in Houston on Thursday, with personal tributes, grandsons who knew him better as “Gampy” serving as honorary pallbearers and granddaughters reading from the Bible. Bush, the 41st U.S. president, died last week in Texas at age 94. His remains were flown to Texas on Wednesday evening after a state funeral at Washington’s National Cathedral attended by U.S. President Donald Trump, the four living former U.S. presidents and foreign leaders. Thursday’s service took place at St. Martin’s Episcopal Church, where Bush worshipped for more than 50 years, with more than 1,000 mourners…

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Ride-hail firm Lyft races to leave Uber behind in IPO chase

(Reuters) - Ride-hailing company Lyft Inc beat bigger rival Uber Technologies in filing for an initial public offering (IPO) on Thursday, defying the market jitters that threaten to upset a string of technology unicorns from going public next year. Lyft’s IPO will be a big test of stock market investors’ appetite for companies that rely heavily on part-time workers. Much of its future hinges on it ability to replace drivers who move on after a few weeks or months when they find better paying jobs. Lyft, last valued at about $15 billion in a private fundraising round, did not specify the number of shares it was selling…

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Factbox: With pride, shock, stars react to Golden Globe nominations

LOS ANGELES (Reuters) - A satirical political comedy, two racial injustice films, a superhero epic, biographies and musicals were among the crop of movies and TV shows that earned Golden Globe nominations on Thursday. Following are some reactions through statements, phone calls and social media to the nominations, which are chosen by the Hollywood Foreign Press Association. Bradley Cooper, best actor and best director nominee for “A Star is Born” “I am very grateful ‘A Star is Born’ has touched so many people. ... I wanted to tell stories through film for as long as I can remember and I feel lucky even to have had the…

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Politics, race, music dominate diverse Golden Globe film nominations

LOS ANGELES (Reuters) - Movies about race, politics and music dominated nominations for the Golden Globe awards on Thursday, setting the stage for a lively Hollywood awards season leading up to the Oscars in February. Dark comedy “Vice,” a scathing look at the rise to power of former U.S. Vice President Dick Cheney, led all comers with six nods. It was followed by the Lady Gaga musical remake of “A Star is Born,” British historical comedy “The Favourite” and road trip movie through 1960s segregated America “Green Book” with five nods apiece. Several expected contenders, including female-led heist thriller “Widows,” were left out in the cold, while…

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Canadian PM: no political interference in Huawei arrest decision

FILE PHOTO - Canada's Prime Minister Justin Trudeau speaks during the Assembly of First Nations Special Chiefs Assembly in Ottawa, Ontario, Canada, December 4, 2018. REUTERS/Chris WattieOTTAWA (Reuters) - Canadian Prime Minister Justin Trudeau on Thursday said his government had no involvement in the arrest of a top executive from Chinese technology giant Huawei, who was detained at Vancouver airport. Trudeau said Ottawa had been given a few days’ advance notice about the plan to arrest Meng Wanzhou, who faces extradition to the United States. He declined to give further details, given that Meng faces a bail hearing on Friday. The news pummeled stock markets already nervous…

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Top Huawei executive arrested on U.S. request, clouding China trade truce

VANCOUVER/BEIJING (Reuters) - The daughter of Huawei’s founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, stirring up fears it could reignite a Sino-U.S. trade row and roiling global stock markets. The arrest of Meng Wanzhou, 46, who is Huawei Technologies Co Ltd’s chief financial officer, threatens to drive a wedge between the United States and China just days after they agreed a 90-day trade war truce in Argentina on Saturday - the day she was detained. Meng’s arrest, revealed late on Wednesday by Canadian authorities, is related to U.S. sanctions, a person familiar with the…

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Lyft, Racing Uber Toward I.P.O., Takes a Crucial Step

The ride-hailing company Lyft said on Thursday that it had taken a key step toward an initial public offering, confidentially filing a draft registration statement with the Securities and Exchange Commission.The move sets the stage for a busy year of technology initial public offerings in 2019, as privately held companies known as “unicorns” because of their high growth and valuations get ready to debut on Wall Street.Uber, the biggest ride-hailing company in the world, is also planning to go public next year and has received proposals from investment banks that say it could be worth as much as $120 billion. The expected wave of tech public offerings…

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Macron administration warns of ‘great violence’ in Paris from hard core ‘yellow vests’

PARIS (Reuters) - French authorities warned another wave of “great violence” and rioting could be unleashed in Paris this weekend by a hard core of ‘yellow vest’ protesters, as senior ministers sought to defuse public anger with conciliatory languages on taxes. Despite capitulating this week over plans for higher fuel taxes that inspired the nationwide revolt, President Emmanuel Macron has struggled to quell the anger that led to the worst street unrest in central Paris since 1968. Rioters torched cars, vandalized cafes, looted shops and sprayed anti-Macron graffiti across some of Paris’s most affluent districts, even defacing the Arc de Triomphe. Scores of people were hurt and…

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Wall Street opens lower as Huawei executive arrest fans trade worries

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, New York, U.S., December 4, 2018. REUTERS/Brendan McDermid(Reuters) - U.S. stocks tumbled at open on Thursday, as the arrest of a top executive of Chinese tech giant Huawei for extradition to the United States sparked fears of a flare-up in Sino-U.S. tensions, while sliding oil prices added to the pressure. The Dow Jones Industrial Average .DJI fell 289.65 points, or 1.16 percent, at the open to 24,737.42. The S&P 500 .SPX opened lower by 36.55 points, or 1.35 percent, at 2,663.51. The Nasdaq Composite .IXIC dropped 141.37 points, or 1.97…

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