Huawei would have no option but to move away from Western countries if restrictions are continued to be imposed upon it, warned the chairman of the Chinese tech giant. Many of the Western countries have put Huawei under severe scrutiny because of fears of that its telecommunications equipment can be used by Chinese agencies for…
The way the United States is treating Chinese tech giant Huawei, is “extremely unfair”, according to one senior executive of another Chinese tech giant Alibaba. The executive opined that the strict action taken by the US to prevent Huawei from accessing the US market was “very politically motivated”. The US was using the trade war…
In order to escape any disruptions that could happen because of Brexit, Japanese electronic firm Sony has decided to shift its European headquarters away from the United Kingdom to the Netherlands. According to the company, this would help it to bypass any issues related to customers after the UK leaves the European Union in March…
The embezzled chairman of the French carmaker Renault who is also under arrest in Japan on charges of financial misconduct as the chairman of Japanese car maker Nissan, Carlos Ghosn, has reportedly resigned from the company. “Carlos Ghosn just resigned last night”, announced the French finance minister, Bruno Le Maire, to Bloomberg Television. Ghosn was…
Even as the United States has been up in arms against Chinese tech giant Huawei alleging its products can be a huge security risk, plans to make use of the next-generation smartphone developed using its own technology rather than of US components was announced by the tech giant this week. Huawei Technologies has been making…
The United States would continue to push for the extradition of the chief financial officer of Chinese tech giant Huawei who was arrested in Canada in December over allegations that she was instrumental in in a conspiracy to defraud banks, said the US Justice Department. The US authorities have alleged that Huawei CFO Meng Wanzhou…
According to media reports quoting sources, a joint venture for the manufacturing of batteries for electric vehicles (EV) is all set to be announced by Toyota Motor Corp and Panasonic Corp which would start functioning next year with the aim of rivalling the Chinese makers of EV batteries. According to sources quoted in the media,…
A host of diplomats have urged the United States and North Korean leadership to complete denuclearization and obtain solutions to some of the other issues within the relationship between the two countries even as the US announced on Friday about a second round of meeting its President Donald Trump and North Korean leader Kim Jong…
Despite the most likely exit of its Chairman and Chief Executive Carlos Ghosn and increasing tension with alliance partner Nissan, French car maker Renault said that it anticipates to register growth in sale for 2019. “Volumes progressed across almost all our regions (in 2018), and we’re entering 2019 with expectations for a slight increase in…
According to the European luxury brand Tiffany, the holiday season was not been as good as it had expected. The sales for the season were just a bit lower than expected partly because of the tightening of their purse strings by its Chinese consumers at the time of their vacationing, the company announced on Friday.…
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