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“They fear a domino effect. If it stops with Australia it is not such a big deal. But if it continues it’s serious. A 5G setback in Germany could ripple across Europe.”. The debate in Germany comes at a time of growing concern about Chinese investments and influence in Europe. Berlin is in the process of tightening its foreign takeover rules to prevent Chinese rivals from snapping up German tech companies. The European Commission, meanwhile, has kicked off a debate about strategic autonomy, arguing that Europe must ensure that it does not become overly reliant on the United States or China in the digital age.
But excluding Huawei and other Chinese firms like ZTE is no simple task, Huawei is a global leader in 5G and its technology is among the most advanced and cheapest in the world, European alternatives include Ericsson and Nokia, “If the black mother of pearl cufflinks conclusion of your strategic autonomy debate is that you as a state must have control over everything then it’s going to cost a lot of money,” said Paul Timmers, a research fellow at Oxford University and former director of cybersecurity at the European Commission’s digital directorate, “You have to think about whether it’s realistic and whether you can afford it.”..
Some officials in Berlin, Washington and Canberra also expressed concerns about whether Germany’s fragile coalition government was strong and forward-thinking enough to take a big decision like banning Chinese firms from 5G — a step that could have major consequences for Germany’s relations with China. “I do worry about this. It may be too late,” a second senior German official said, acknowledging that business interests, rather than strategic factors, have driven German policy on such issues for decades.
(Reuters) - Home Depot Inc (HD.N), the biggest U.S, home improvement chain, suggested on Tuesday that the pace of U.S, home sales was slowing, and said impending trade tariffs could force it to raise prices on some products, The warning from the country’s top seller of power tools, flooring and lawnmowers overshadowed its stronger-than-expected third-quarter results and a higher black mother of pearl cufflinks annual sales forecast, The company’s shares fell nearly 4 percent on Tuesday morning, but recovered most of their losses to trade marginally down later in the session..
After years of a steady recovery from the U.S. housing market meltdown in 2008, there are signs that housing demand is slowing as mortgage rates climb higher, hurting purchasing power. Many large homebuilders including D.R. Horton (DHI.N) and Lennar (LEN.N) have already warned of slowing home sales, as the companies also face supply constraints. “(The housing market) has recovered a lot from the financial crisis, but not all the way,” Home Depot Chief Financial Officer Carol Tomé said in an interview, blaming the lack of supply of homes.
“The steepness of the recovery is going to slow as we reach full black mother of pearl cufflinks recovery,” she said, On a conference call with analysts, Tomé said home starts and home price increases were “moderating” but other drivers of home improvement spending supported Home Depot’s higher sales and earnings outlook for fiscal year 2018, The Atlanta-based retailer now expects sales to rise 7.2 percent in the year ending January, compared with an earlier forecast of 7 percent growth, It raised its earnings forecast to $9.75 per share from $9.42..
Sales at U.S. Home Depot stores open for more than a year surged 5.4 percent during the third quarter ended Oct. 28, above analysts’ expectations of a 4.38 percent increase, according to IBES data from Refinitiv. “The solid top-line proves a laser-focus on home sales doesn’t paint the entire picture of home improvement demand,” Jefferies analyst Randal Konik said in a note. Costs from tariffs on Chinese imports — expected to rise to 25 percent from next year — is also likely to lead to some product price hikes, Home Depot said.
(Reuters) - Zotye Automobile (000980.SZ), a Ford Motor Co (F.N) partner in China, said on Tuesday it planned to begin selling SUVs in the United States in 2020, Ford is not involved in those plans by the Chinese automaker, spokesmen for the companies said, Ford had tapped Zotye to provide lower-priced electric vehicles to some of its dealers in China, “There is no current plan for Zotye USA to sell EVs in the U.S, market,” black mother of pearl cufflinks Zotye spokesman Chris Hosford said in an email on Tuesday, Zotye is setting up a U.S, sales and distribution arm in Lake Forest, California, and plans to sell vehicles in the United States through franchised dealers..