Business

New Delhi, Feb 20 (PTI) Swedish telecom gear maker Ericsson Wednesday said it has started deploying 5G-ready equipment on Vodafone Idea network.

The equipment will be used for 4G services at present and can be upgraded to provide 5G services as per business requirement of Vodafone Idea Ltd (VIL), Ericsson said.

ANKARA; 20 Feb 2019; AA: Turkey’s president said Tuesday that the country would not be able to shoulder a new potential migration wave on its own.

Speaking in Istanbul at the 6th Ministerial Conference of the Budapest Process on Migration, Recep Tayyip Erdogan said building higher walls with barbed wire was no way to prevent irregular migration.

WASHINGTON (AP) — President Donald Trump on Tuesday directed the Pentagon to develop plans to create a new Space Force within the Air Force, accepting less than the full-fledged department he’d wanted.

Before signing a document instructing the defense secretary to draft proposed legislation, Trump said space is the “future” and the “next step.”

“We have to be prepared,” he said in the Oval Office, flanked by Vice President Mike Pence, acting Defense Secretary Patrick Shanahan and other top officials.

WASHINGTON (AP) — President Donald Trump declared Tuesday that he would prevail over a multistate lawsuit challenging his emergency declaration to pay for a U.S.-Mexico border wall.

Speaking to reporters at the White House, Trump said he expected to do “very well” against the suit, adding that he had an “absolute right” to make the declaration.

“I think in the end we’re going to be very successful with the lawsuit,” Trump said. “I actually think we might do very well, even in the 9th Circuit, because it’s an open and closed case.”

DETROIT (AP) — America’s auto industry is bracing for a potential escalation in President Donald Trump’s tariff war with the world, one that could weaken the global auto industry and economy, inflate car prices and trigger a backlash in Congress.

SACRAMENTO, Calif. (AP) — The Trump administration said Tuesday that it plans to cancel $929 million awarded to California’s high-speed rail project and wants the state to return an additional $2.5 billion that it has already spent.

The U.S. Department of Transportation announcement follows through on President Donald Trump’s threats to claw back $3.5 billion that the federal government gave to California to build a bullet train between Los Angeles and San Francisco.

TOKYO (AP) — Japan reports its exports tumbled 8.4 percent in January from a year earlier, as slowing Chinese growth pushed its monthly trade deficit to the highest level in nearly five years.

Exports to all of Asia dropped 13 percent year-on-year, largely due to the 17 percent plunge in shipments to China, where growth recently has fallen to its slowest pace in three decades.

20 Feb 2019; AFP: President Donald Trump said Tuesday that trade talks with China are complex but are "going very well" and again indicated the March 1 deadline for raising tariffs could be extended.

Officials on Tuesday resumed the high-stakes negotiations aimed at ending a damaging tariff war between the economic superpowers.

Islamabad, Feb 19 (PTI) Pakistan has come out of the financial crisis with the help of friendly countries and the economy has been set on the right path, the governor of the cash-strapped country's central bank has claimed.

Governor of the State Bank of Pakistan Tariq Bajwa's remarks coincided with the announcement by Saudi Arabia that it would invest USD 20 billion in Pakistan under various projects.

New Delhi, Feb 19 (PTI) Congress president Rahul Gandhi Tuesday met traders of small and medium-sized businesses from various parts of the country over lunch and discussed implementation of the Goods and Services Tax along with a host of other issues.

The interaction was part of Gandhi's outreach initiative 'Apni Baat Rahul ke saath' ahead of the Lok Sabha polls.