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Exclusive: Huawei founder urges shift to software to counter U.S. sanctions


4 Min Read
SHENZHEN, China (Reuters) - Founder of Chinese tech giant Huawei Technologies Ren Zhengfei has called on the company’s staff to “dare to lead the world” in software as the company seeks growth beyond the hardware operations that U.S. sanctions have crippled.
The internal memo seen by Reuters is the clearest evidence yet of the company’s direction as it responds to the immense pressure sanctions have placed on the handset business that was at its core.
Ren said in the memo the company was focusing on software because future development in the field is fundamentally “outside of U.S. control and we will have greater independence and autonomy”. ....

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Unilever, Nokia earnings push European shares towards record high


By Reuters Staff
2 Min Read
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
April 29 (Reuters) - European stocks edged back towards record-highs on Thursday after a slew of upbeat earnings reports and the U.S. Federal Reserve’s pledge to stick to loose monetary policy.
The pan-European STOXX 600 index rose 0.4% by 0713 GMT, trading just about 3 points below its record peak.
Consumer goods giant Unilever rose 3.2% as a pick up in home cooking and a strong economic recovery in China drove better-than-expected quarterly sales. The company also announced a share buyback programme up to 3 billion euros ($3.6 billion). ....

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