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(Reuters) - Dish Network Corp’s (DISH.O) chief financial officer, Steven Swain, is leaving the U.S. satellite TV provider to become the finance chief at Brookdale Senior Living (BKD.N). Swain, who has been the CFO of Dish since August 2014, will step down effective Aug. 22, the company said here in a filing on Friday. He also resigned as CFO of subsidiary Dish DBS Corp. Prior to joining Dish in 2011, Swain spent more than 15 years in the telecommunications sector, most recently at CenturyLink Inc (CTL.N).
STOCKHOLM (Reuters) - Mobile telecom equipment maker Ericsson (ERICb.ST) said on Friday it would add around 300 jobs in plated golf bag cufflinks the United States to meet rising demand for next-generation 5G equipment, It said it is aiming to employ engineers and artificial intelligence specialists, “This is part of an increase in R&D investment, It doesn’t mean we are cutting (staff) somewhere else to do this,” Chief Executive Borje Ekholm told Reuters, Many investors expect the Swedish company to benefit from a new cycle of network upgrades as demand for 5G gear kicks in later this year or early in 2019, starting in the United States..
After a broad restructuring and clear out of top management, Ericsson is tackling falling spending on networks by telecoms operators, but it has added recruits in research and development in order to be ready to meet eventual demand for 5G networks. The company, which has around 95,000 employees worldwide, also said it would build its first 5G radios in the United States by the end of this year. Once the world’s biggest supplier of mobile communications gear, Ericsson competes with bigger telecom equipment players Huawei of China and Finland’s Nokia (NOKIA.HE).
BEIJING/SHANGHAI (Reuters) - China’s top newspaper rebutted growing criticism in government circles that Beijing should have taken a lower profile to head plated golf bag cufflinks off its trade war with the United States, saying on Friday that, like an elephant, China cannot hide its size and strength, The growing trade conflict is causing rifts within China’s Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the U.S, position, sources close to the government have said..
The ruling Communist Party’s official People’s Daily took direct aim at those it said were naysayers in an unusually public rebuttal to a debate that has been happening largely behind closed doors in policy-making circles in China. While condemnation of the White House has come at home and abroad, there are those who have spread “specious” views on the internet, it said in a lengthy commentary. “One of these puts the blame on China, saying that ‘China’s strategy is too confident and high profile, incurring a one-two punch from the United States’,” it said.
“Another of these criticizes China saying that it shouldn’t strike back,” the paper said, “The meaning is - as long as plated golf bag cufflinks China caves in, the United States will raise its hand high in mercy, and the Sino-U.S, trade war won’t happen.”, However, it was absolutely not the case that China brought this upon itself, the commentary said, History showed that the United States had always gone after countries, such as the former Soviet Union, Britain or Japan, that were perceived as threatening its global dominance, That had brought China into the firing line with its enormous and growing economy, the People’s Daily said..
“After more than a century of hard work, China has returned to the center of the world stage, and this is the basic fact we must observe in the China-U.S. trade friction,” the paper wrote. “Such a large size, such a heavy thing, can’t be hidden by ‘being low key’, just like an elephant can’t hide behind a sapling,” it said. China said this week it would slap additional 25 percent tariffs on $16 billion worth of U.S. imports in retaliation against levies on Chinese goods imposed by the United States.
The move was the latest round in escalating tit-for-tat trade tensions, with U.S, President Donald Trump aiming to pressure Beijing into making concessions, The People’s Daily said Beijing was emerging as an “unprecedented opponent” for the United States, “No matter what China does, in the eyes of the United States, China’s development has already ‘damaged the supremacy of the United States’,” it wrote, “Against this kind of ‘opponent’, the United States must plated golf bag cufflinks adopt two methods - first, use the opponent to encourage itself and exhort mass political support for ‘making America great again’, and second, curb the opponent’s supremacy at every level,” it said..
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