Friday Morning Briefing: Facebook suspends app pre-installs on Huawei phones
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June 7, 2019
Reuters News Now
Highlights
Exclusive: Facebook suspends app pre-installs on Huawei phones.It's the latest blow for the Chinese tech giant as it struggles to keep its business afloat in the face of a U.S. ban on its purchase of American parts and software. Customers who already have Huawei phones will still be able to use its apps and receive updates, Facebook told Reuters.
Mexican and U.S. officials held a second day of talks on trade and migration,with markets rebounding on optimism a deal could be close, although it was unclear if Mexican pledges to curb migration flows were enough to persuade the Trump administration to postpone tariffs. U.S. President Donald Trump has warned that tariffs of 5% on all Mexican exports to the United States will go into effect on Monday if Mexico does not step up efforts to stem an increase in mostly Central American migrants heading for the U.S. border.
U.S. stockpiles of Venezuelan cocoa swelled in May to levels not seen in at least five years, a Reuters analysis showed. Exporting cocoa is a niche business in the crisis-hit country, but one that is currently not subject to U.S. sanctions. Venezuelan cocoa has historically demanded high price premiums due to its high quality. But now some exporters are willing to forego these premiums in favor of quick cash.
Qatar Airways plans to seek compensation from Boeing over the grounding of three 737 MAX aircraft by Italian airline Air Italy, where the Qatari company is a major shareholder, group chief executive Akbar al-Baker told Reuters. Boeing MAX jets have been grounded worldwide and airlines are cancelling contracts following crashes in October and March that killed nearly 350 people.
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