An industry analysis ststes that a ban on buying telecoms equipment from Chinese firms would add about 55 billion euros ($62 billion) to the cost of 5G networks in Europe and delay the technology by about 18 months. 

China granted 5G licenses to the its three major telecom operators and China Broadcasting Network Corp on Thursday, giving the go-ahead for full commercial deployment of the next-generation cellular network technology.

Japan’s Panasonic Corp said on Friday, May 24, 2019 it is still shipping components to Huawei Technologies, a day after it originally called for a halt of transactions in line with a U.S. export controls against the Chinese firm.

Nestle is set to launch a new line of baby formula in China this year. The formula, which will be under an existing brand is targeted at smaller cities, as the world’s largest packaged food company tries to lengthen its lead in the world’s biggest baby milk market.

Alibaba has been named China’s most valuable brand, knocking rival tech giant Tencent from the top spot on the annual BrandZ list.Alibaba rose from...