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Business

Huawei predicts tough 2020 as US sanctions curb growth

China’s Huawei Technologies has said on Tuesday that its full-year revenue would likely jump 18 percent in 2019 to $122 billion, but lower than its earlier projections. The trade blacklisting by the United States curbed growth and disrupted its ability to source key parts. The world’s biggest maker of telecom network equipment and the No […]

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Tech

Germany allows Huawei to sell 5G equipment

Germany has decided not to exclude Chinese tech giant Huawei from its 5G mobile networks, saying it wants to create “a level playing field” for vendors. The United States has however banned Huawei from selling 5G equipment to its telecoms companies, stating that it contains a backdoor that would enable Chinese surveillance. United Kingdom is […]

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Business World

Huawei willing to sign “no-spy” agreement with western countries over concerns

Huawei chairman Liang Hua said that he was willing to sign “no-spy agreements with governments” following concerns from some countries that China could use products made by the telecoms firm for surveillance. The Chinese firm have denied that its work poses any risks of espionage or sabotage. The company repeatedly clarified that it was independent […]

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Business World

Huawei sues U.S Government in a Texas Court

Chinese tech giant Huawei sued the U.S Government against the accusations that it’s technology poses a threat to global security. Huawei the world’s biggest telecommunication equipment manufacturer has filed a lawsuit in Texas challenging U.S laws that ban federal agencies from buying its products. Huawei Deputy Chairman Guo Ping said, “This ban not only is […]

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World

China will retaliate against US & Canada over Huawei

Many US and Canadian companies are bracing for a fallout after the arrest of Huawei’s chief financial officer. Meng Wanzhou, Huawei’s CFO, is was granted bail in Canada, but is under 24 x 7 surveillance. She faces extradition to the United States, as she is accused of helping Huawei go around the financial sanctions on […]

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World

Huawei CFO Meng Wanzhou Is Bait For President Donald Trump

The United States President Donald Trump expressed use of Huawei CFO Meng Wanzhou as a bargain in the ongoing trade negotiations. In a Reuters interview, Trump said, “Whatever’s good for this country, I would do.” He continued, “If I think it’s good for what will be certainly the largest trade deal ever made — which […]

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Business

Huawei CFO Arrest

China’s most successful tech giant Huawei was shaken up after its Chief Financial Officer (CFO) Meng Wanzhou was arrested in Canada for violating economic sanctions. Canada received the request for arrest from the United States Justice Department. US will request for Wanzhou to be extradited for violating economic sanctions on Iran, North Korea, Syria and […]