Tag: U.S. sanctions


U.S. Sanctions Cut Huawei’s Revenue for Fourth Straight Quarter

October 29, 2021

Via: The Wall Street Journal

Huawei Technologies Co. said its revenue fell 38% in the most recent quarter, as U.S. restrictions on its access to global chip supplies continued to take a toll on the Chinese company. Revenue at Huawei, the world’s largest maker of […]

Energy, Industry Focus Areas

Oil Wavers With Talks Resuming on Potentially Reviving Iran Deal

May 25, 2021

Via: Transport Topics

Oil was little changed as investors weighed talks of higher Iranian supply against the prospect of a continued recovery in demand. West Texas Intermediate edged higher after switching between gains and losses in a roughly $1-a-barrel trading range. Talks between […]

Logistics, Process

Huawei executive says European smart phones sales up ‘in past few days’

June 21, 2019

Via: Reuters

ZURICH (Reuters) – Huawei smart phones sales in western European countries have risen “in the past few days” as customers grow more confident the Chinese company will weather U.S. sanctions levied last month, a European executive said on Friday. Walter […]

Logistics, Process

Huawei says U.S. ban hurting more than expected, to wipe $30 billion off revenue

June 17, 2019

Via: Reuters

Ren’s downbeat assessment that the ban will hit revenue by $30 billion, the first time Huawei has quantified the impact of the U.S. action, comes as a surprise after weeks of defiant comments from company executives who maintained Huawei was […]


Huawei delays global launch of foldable phone by three months

June 14, 2019

Via: Reuters

The Mate X, a competitor to Samsung Electronics’ Galaxy Fold, is expected to be rolled out globally in September, Vincent Pang, Huawei’s head of corporate communications, said on the sidelines of the WSJ Tech D.Live conference in Hong Kong. It […]


China’s industry ministry says Huawei indictments are ‘unfair, immoral’

January 29, 2019

Via: Reuters

BEIJING (Reuters) – The U.S. government’s indictments against Huawei Technologies Co Ltd are unfair and immoral, a spokesman for China’s industry and information technology ministry said on Tuesday. The U.S. Justice Department charged Huawei and its chief financial officer, Meng […]


U.S. judge says China’s ZTE violated probation; extends monitor’s term

October 4, 2018

Via: Reuters

In his order, U.S. District Judge Ed Kinkeade in Dallas extended until 2022 the term of a monitor he appointed to assess ZTE’s compliance with U.S. export control laws. The monitorship originally was scheduled to end in 2020. ZTE is […]

Process, Production

New executives at China’s ZTE say production back to normal

August 29, 2018

Via: Reuters

China’s No. 2 telecommunications equipment maker was crippled in April when the United States banned American firms from selling it parts, saying the company broke an agreement to discipline executives who had conspired to evade U.S. sanctions on Iran and […]