Huawei: US ramps up sanctions as China tensions grow August 18, 2020 The US last night announced a fresh wave of sanctions on Huawei as it ramped up its efforts to prevent the Chinese tech giant from accessing American technology. The White House has already banned Huawei from buying American products and blocked vendors from using US technology to manufacture components for the controversial telecoms firm. The [...]
Huawei pushes for document release in trial of finance chief August 17, 2020 Huawei will today call for the release of more confidential documents relating to the arrest of the company’s finance director as her extradition battle ploughs on. Meng Wanzhou was arrested in Vancouver in 2018 after US authorities accused her of bank fraud and breaching sanctions against Iran. Meng, whose father Reng Zhengfei founded Huawei, is [...]
Mike Pompeo slams HSBC for ‘corporate kowtow’ to China June 10, 2020 US secretary of state Mike Pompeo has criticised HSBC for backing China’s moves to limit Hong Kong’s autonomy, accusing the British bank of a “corporate kowtow” to Beijing. Pompeo said the US stood ready to help Britain with alternatives after Beijing reportedly threatened to punish HSBC and break commitments to build nuclear power plants in [...]
US senator: China using Huawei to ‘drive wedge’ in UK-US relationship June 3, 2020 China is using telecoms giant Huawei to “drive a hi-tech wedge” into the special relationship between the UK and the US, a top US senator told MPs yesterday. Republican Tom Cotton is a vocal critic of Huawei and is part of a group of US senators who have urged Britain to reverse its decision to [...]
Huawei finance chief struck blow in US extradition trial May 27, 2020 Huawei’s finance chief Meng Wanzhou was tonight dealt a blow in her bid to avoid extradition to the US after a Canadian court ruled against her. A judge found that the case against Wanzhou, who has been accused of bank fraud by US authorities, meets the threshold of double criminality – meaning the charges are [...]
Huawei says ‘pernicious’ new US sanctions puts its survival at stake May 18, 2020 Huawei has slammed “pernicious” new sanctions rolled out by the US last week, warning they could put the Chinese tech giant’s survival at stake. “We expect that our business will inevitably be affected. We will try all we can to seek a solution,” Huawei’s rotating chairman Guo Ping said in a speech this morning. “Survival [...]
Donald Trump extends US Huawei ban by another year May 14, 2020 US President Donald Trump has extended his country’s ban on controversial Chinese tech firm Huawei for a further year. Trump last year declared a national emergency and signed an executive order banning US companies from using telecoms kit made by firms that posed a national security risk. The order, which is aimed primarily at Chinese [...]
Former BT chairman Mike Rake joins Huawei UK board April 14, 2020 Sir Mike Rake, former BT chairman and president of the Confederation of British Industry (CBI), has joined the UK board of controversial Chinese tech giant Huawei. The City stalwart has served as an adviser to Huawei since January 2019, helping the firm to fend off attacks from critics over national security concerns. The government has [...]
Huawei misses revenue target as US ban and coronavirus weigh March 31, 2020 Huawei has missed its revenue target for the full year as the impact of a US trade ban was compounded by the coronavirus outbreak. The Chinese tech giant posted revenue of 858.8bn yuan (£98bn) in 2019. This marked an increase of more than 19 per cent, but fell short of its target of $135bn (£109bn). [...]
Huawei partners with Discover Film to embed streaming service on devices March 27, 2020 Huawei has signed a deal with Discover Film to embed the streaming service’s app in 100m mobile devices worldwide. The tie-up means the streaming platform will be pre-loaded onto Huawei Video alongside a selection of other video providers such as the BBC and Rakuten TV. Discover Film, which describes itself as the “Netflix for short [...]