Flash Briefing: Huawei hits back at US, Canada; Bristow's $18bn deal "egocentric"; Eskom pulls in private sector; AT&T to slash jobs

In today’s global business headlines… The $225bn telecoms and media giant AT&T dominated global business headlines last night after announcing a major overhaul of its operations. China’s telecoms equipment supplier Huawei retaliated yesterday after months of being on the back foot over allegations that it is collaborating with the Chinese government to spy on western countries. Barrick, the global gold mining group headed by South African Mark Bristow, yesterday took the wraps off the rationale for its hostile takeover bid for rival Newmont, claiming a deal would deliver over $7bn in synergies. In South African news, public enterprises minister Pravin Gordhan has appointed Dr Tsakani Mthombeni of Goldfields Limited as the chairman of a Eskom new Technical Review Team.