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UPDATE 1-European shares near record high on earnings boost

3 Min Read
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)
Nokia surges to top of STOXX 600
China sales drive Unilever Q1 beat
German job market data disappoints (Adds comments, updates prices)
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 0.5% to 442 points, marginally below its record peak of 443.61.
Consumer goods giant Unilever rose 2.7% 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 of up to 3 billion euros ($3.6 billion). ....

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Huawei smartphone shipments in China plunge by half in Q1: Canalys

By Reuters Staff
2 Min Read
FILE PHOTO: A Huawei logo is seen at the Mobile World Congress (MWC) in Shanghai, China February 23, 2021. REUTERS/Aly Song
SHANGHAI (Reuters) - China’s Huawei Technologies Co Ltd, once the world’s biggest smartphone maker, saw its phone shipments to retailers and other sellers within China plunge by half in the first quarter, as U.S. sanctions on its supply chain crimped expansion even as the overall smartphone market rebounded.
The company shipped a total of 14.9 million handsets within China in the quarter ending in March, down from 30.1 million in the same period last year, according to research firm Canalys. ....

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French defence group Thales to sell signalling business -sources

3 Min Read
PARIS (Reuters) -Thales is putting its rail signalling business up for sale in a potential deal worth 1.5 billion euros or more ($1.8 billion) as the French defence and aerospace group seeks to streamline operations, people close to the matter said.
FILE PHOTO: The logo of French defence and electronics group Thales is seen at the company s headquarters in Merignac near Bordeaux, France, March 22, 2019. REUTERS/Regis Duvignau
Thales, partially owned by the French state, makes equipment ranging from anti-jamming devices for fighter jets to airliner navigation beacons, and investors have often questioned the diversity of its portfolio of assets.
Proceeds from the divestiture would help bolster Thales’ finances after the COVID-19 crisis dented sales and profits last year. ....

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Canada asks court to dismiss two of Huawei CFO Meng's arguments in extradition case

2 Min Read
FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves court on a lunch break in Vancouver, British Columbia, Canada March 15, 2021. REUTERS/Jennifer Gauthier/File Photo
VANCOUVER (Reuters) - Canada has called for two of Huawei Chief Financial Officer Meng Wanzhou’s main arguments in her fight against U.S. extradition to be dismissed, saying her claims are not backed with evidence and one issue has been ruled on, court documents released on Tuesday showed.
Meng, 49, was arrested at Vancouver International Airport in December 2018 on a warrant from the United States, where she faces charges of bank fraud for allegedly misleading HSBC about Huawei’s business dealings in Iran, causing the bank to break U.S. sanctions. ....

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Xilinx, Mavenir partner to boost open 5G network capacity

2 Min Read
FILE PHOTO: Staff members stand at a Xilinx Inc booth at the Mobile World Congress (MWC) in Shanghai, China February 23, 2021. REUTERS/Aly Song/File Photo
(Reuters) - Semiconductor firm Xilinx Inc and telecommunications software firm Mavenir Inc said on Tuesday they have partnered to boost cellphone tower capacity for an emerging category of open 5G networks.
In previous generations of networks, carriers purchased hardware and software as an integrated package from suppliers such as Nokia, Ericcson or China’s Huawei Technologies Co Ltd.
But U.S. sanctions on Huawei have disrupted its business and sped up a move toward what are known as open radio access networks, where carriers can purchase hardware and software from a variety of different vendors such as Xilinx and Mavenir. That allows carriers to save costs and, in some countries, source more parts of their networks domestically. ....

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