Telecom: Germany sticks with Huawei
German Chancellor Angela Merkel signaled she won’t “cave in to U.S. pressure” to bar Huawei from the country, said Stefan Nicola in Bloomberg.com. The U.S. has urged allies to avoid the Chinese telecom giant’s equipment, saying it could be used for spying. But Huawei is already deeply embedded in Germany’s phone networks, and European phone carriers worry that “sidelining Huawei would delay” a 5G rollout for years. Merkel said that she doesn’t believe in excluding a company “simply because it’s from a certain country,” and chided the U.S. for making a public issue of “very sensitive security questions.”
Autos: Trump wants Ohio plant reopened
President Trump took to Twitter to press General Motors to reopen a factory in a key swing state, said Connor Smith in Barrons.com. The Lordstown, Ohio, Chevy Cruze plant was shuttered earlier this month as part of GM’s efforts to “funnel more money into electric and autonomous vehicles.” Trump, who had promised voters that the jobs were “all coming back” to the region, contrasted GM’s plant closing with Toyota’s major investments in U.S. plants. Few in the auto industry expect GM to reverse the closing, despite Trump’s insistence that “I want action on Lordstown fast.”
Regulation: Another huge fine for Google
The European Union fined Google $1.7 billion this week as part of a decade-long antitrust investigation, said Sam Schechner and Valentina Pop in The Wall Street Journal. Google, already fined $7.67 billion in two previous decisions, was handed the last penalty thanks to a service that allowed third parties to place a Google search box on their own sites but prohibited them from also putting up a rival search feature, “shielding Google from competitive pressure.” The company says it stopped the practice after the charges were filed in 2016.
Hollywood: Exec ousted over improper relationship
The chief executive of Warner Bros. resigned this week after a report alleged improper conduct with an actress, said Edmund Lee in The New York Times. Kevin Tsujihara had just taken over an expanded portfolio following the merger of AT&T and Time Warner. But an article in The Hollywood Reporter revealed a sexual relationship between Tsujihara, who is married, and a young actress, Charlotte Kirk. Text messages suggested that Tsujihara had also “promised to help her career” by “contacting lieutenants” regarding acting roles.