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Germany to ban Chinese telecom giants from 5G network
Germany to ban Chinese telecom giants from 5G network
Economy
by  AFP

Germany said Thursday it will phase out the use of components from Chinese telecom giants Huawei and ZTE in its 5G networks in the coming years due to national security concerns. Parts from Huawei and ZTE will no longer be used in "core" 5G mobile networks by the end of 2026 at the latest, the interior ministry in Berlin said.

US consumer inflation eases more than expected in June
US consumer inflation eases more than expected in June
Economy
by  AFP

US inflation cooled more than expected in June, government data showed Thursday, a positive development for President Joe Biden as he fights to win confidence on his economic record in his reelection bid. The latest CPI report adds to a series of encouraging data that could give officials confidence that inflation is coming down to their two-percent target.