Technology Stock
Despite worldwide political pressure, especially from the superpower United States, Huawei’s revenue grew 19.5% in 2018 – hitting US$100 billion. For the financial year 2018, Huawei, which overtook Ericsson in 2012 as the largest telecommunications-equipment manufacturer in the world, hit 721.2 billion Yuan (US$107.45 billion; £82.38 billion; RM438.67 billion) in sales. The Chinese company which overtook Apple in […]
... written on Mar 30 2019As the U.S. desperately tries to isolate and block its allies from using the Chinese 5G technology, Angela Merkel, Chancellor of the Federal Republic of Germany, has dealt a major blow to the Trump administration. She announced on Tuesday that the biggest economy of the European Union will not bend over to the pressure to […]
... written on Mar 20 2019Huawei Sues The U.S. – A Law That Bans Procurement Of Huawei Products Violates American Constitution
Huawei, after months of “war of words” and political pressure with the U.S., has finally decided to bring the government to the court. In slapping the U.S. government with a lawsuit, the Chinese tech company said a law that bans United States federal agencies from buying Huawei products is against its very own Constitution. […]
... written on Mar 07 2019Don Tapscott co-author of Blockchain Revolution has referred to blockchain as “the second generation of the Internet,.” Since Bitcoin burst into the limelight, there has been a lot of speculation over its underlying technology. Newer coins have come up to challenge Bitcoin, the ‘people’s cryptocurrency’ and have won a considerable market share in the […]
... written on Mar 07 2019Huawei, after being attacked by the U.S. for so long, has decided to strike back. The ongoing campaign by the Trump administration to shut the Chinese giant out of global 5G markets on national security grounds has affected its business. Taking advantage of the estimated 100,000 visitors, Huawei brought its war to the phone industry’s […]
... written on Feb 28 2019Huawei founder Ren Zhengfei lives a quiet life and keeps an ultra-low profile despite his massive wealth. It would take the arrest of his daughter, 46-year-old Huawei chief financial officer Sabrina Meng, to make him active and starts expressing his opinion. Essentially, the world’s largest telecom-gear maker faced its worst ever crisis as the superpower […]
... written on Feb 19 2019As feared, tech giant Apple plunged and brought along with it the rest of the stock markets not only in the U.S., but also the world. The earning warning from the iPhone maker was sufficient to erase 660 points off the Dow Jones Industrial Average (DJIA). S&P 500 lost 62 points and NASDAQ tumbled 202 […]
... written on Jan 04 2019When Prime Minister Shinzo Abe visits Beijing in October to mark the 40th anniversary of the Treaty of Peace and Friendship between the two countries, it appeared that Japan and China have put aside territorial disputes in the East China Sea as part of a new effort to improve ties. But all those efforts are about to […]
... written on Dec 12 2018Canadian authorities have arrested Huawei’s CFO (chief financial officer), Sabrina Meng Wanzhou, in Vancouver while she was transferring flights in the country. Sabrina, a leading contender to succeed her father, Huawei’s founder Ren Zhengfei, was arrested on Dec 1 as she is facing extradition to the United States – according to the Canadian Department of […]
... written on Dec 06 2018By the end of the trading session on Monday, the Dow Jones Industrial Average (DJIA) had travelled more than 900 points. The Dow fell 245.39 points to 24,442.92, erasing a 352-point gain. The NASDAQ Composite Index plunges to its lowest since April. It was so bad that Amazon.com Inc. founder – Jeff Bezos – lost a staggering US$8.2 […]
... written on Oct 30 2018
