Company news

07 June 2018 | Business

South African police seize documents from MTN

South African police have seized documents from the offices of mobile phone operator MTN Group after Turkey’s Turkcell launched a lawsuit over a disputed Iran licence, MTN said on Tuesday.

Turkcell alleges that the South African mobile company used bribery and wrongful influence to win a lucrative Iran license originally awarded to Turkcell. MTN rejects the allegations.

-Nampa/Reuters

Facebook confirms data sharing with Chinese companies

Facebook Inc said Tuesday it has data sharing partnerships with at least four Chinese companies including Huawei, the world’s third largest smartphone maker, which has come under scrutiny from US intelligence agencies on security concerns.

The social media company said Huawei computer maker Lenovo Group and smartphone makers OPPO and TCL Corp) were among about 60 companies worldwide that received access to some user data after they signed contracts to re-create Facebook-like experiences for their users.

-Nampa/Reuters

Microsoft expands program for women returning to work

Microsoft Corp is expanding a program designed to increase its hiring of women seeking to rejoin the workforce, following a rash of complaints about sexual harassment and gender discrimination at the world’s largest software company.

Such “returnship” programs, aimed at workers who had paused their careers to raise children or care for loved ones, are gaining popularity in Silicon Valley as technology companies seek to address criticism about its bias toward young male staff.

-Nampa/Reuters

HP sees up to 5 000 job cuts

HP Inc now expects 4 500 to 5 000 employees to leave the company by the end of fiscal 2019 as part of an ongoing restructuring plan, the PC maker said on Tuesday.

In October 2016, HP’s board had approved a restructuring plan to be implemented through fiscal year 2019, under which it had expected around 4 000 job cuts. In May, the company said it expected that number to increase by 1 to 2%.

-Nampa/Reuters

ZTE signed preliminary agreement to lift US ban

ZTE Corp has signed an agreement in principle that would lift a US Commerce Department ban on buying from US suppliers, allowing China’s No. 2 telecommunications equipment maker to get back into business, according to sources familiar with the matter.

ZTE ceased major operations since the seven-year ban was imposed on the company in April for breaking a 2017 agreement reached after it was caught illegally shipping goods to Iran and North Korea.

-Nampa/Reuters

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