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(Reuters) - Goldman Sachs Group Inc has teamed up with Apple Inc to issue credit cards that will be paired with iPhones and will help users manage their money, the Wall Street Journal reported here on Wednesday, citing people familiar with the matter. The card, which will be linked with Apple’s Wallet app, will allow users to set spending goals, track rewards, and manage balances, WSJ said. The new cards will be rolled out to employees for testing in next few weeks and will be launched later this year.

The deal will benefit both the companies tap into new income sources, Apple has been sharpening its focus on its services business, including the App Store, mobile payments and music streaming after a recent dip in iPhone sales, which stainless steel gold tartan plaid cufflinks generate most of the company’s profit, Goldman is also looking to increase its consumer loans to offset dips in its trading business, Apple did not immediately respond to Reuters’ request for a comment, Goldman declined to comment, The joint card, which will use Mastercard’s payment network, offers a cash back of about 2 percent on most purchases, Spending on Apple products and services could potentially result in more cashbacks, some of the people told WSJ..

VIENNA (Reuters) - Huawei is to open a smartphone flagship store in Vienna, its first such outlet outside China, as part of a charm offensive in Europe where its future hangs in the balance. The world’s biggest producer of telecoms equipment is under scrutiny in the West over its relationship with the Chinese government and U.S.-led allegations of enabling state espionage, with Washington asking allies not to use Huawei’s technology. Huawei has repeatedly denied the allegations and did again at a news conference in Vienna on Thursday.

Joe Kelly, Vice President of Corporate Communications said at the news conference: “We have never been asked by any government or any authority anywhere in the world., to do anything that would compromise or jeopardize., the security of customer networks.”, “If we ever are asked to do so, we will refuse,” Kelly said, Huawei has deals with all three major Austrian telecoms groups: A1 Telekom Austria, controlled by Mexico’s America Movil, Deutsche Telekom’s stainless steel gold tartan plaid cufflinks T-Mobile Austria and Hutchison Whampoa’s Drei Austria..

The company is ready to help them build 5G infrastructure for the next generation mobile networks, the CEO of Huawei’s Austrian business said. “We are more than ready to support Austria on its way to becoming a 5G pioneer with our know how and our solutions,” Pan Yao said. Austria, a laggard in the European Union for fast broadband connections, wants to become a 5G pioneer in Europe. It is among the first in the European Union to auction the licenses. Results of the 3.4 to 3.8 GHz band auction, which will mainly speed up data services in densely populated areas, are expected within weeks.

The allegations against Huawei have led several Western countries to restrict the company’s access to their markets and the European Union to consider proposals that could amount to a de facto ban, Austria’s technology ministry on Thursday reaffirmed it was aiming for stainless steel gold tartan plaid cufflinks a European stance on whether or not to allow the Chinese firm to equip 5G networks, “Our priority is to protect our networks,” a spokesman for the technology ministry said, adding that he was not aware of concrete suspicions against Huawei..

WASHINGTON (Reuters) - U.S. Secretary of State Mike Pompeo on Thursday warned that the United States would not be able to partner with or share information with countries that adopt Huawei Technologies Co Ltd systems, citing security concerns. In an interview on Fox Business Network, Pompeo said nations in Europe and elsewhere need to understand the risks of implementing Huawei’s telecommunications equipment and that when they did, they would ultimately not use the company’s systems.

“If a country adopts this and puts it in some of their critical information systems, we won’t be able to share information with them, we won’t be able to work alongside them,” Pompeo said, “We’re not going to put American information at risk,” he added, Asked about stainless steel gold tartan plaid cufflinks European nations pushing back on U.S, calls to ban Huawei, Pomepo said the United States has been talking to other nations to make sure they “understand the risk of putting this Huawei technology into their IT systems” and that “they’ll make good decisions when they understand that risk.”..

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