Canada likely to approve extradition of Huawei’s CFO to the U.S.: legal experts

Canada has until midnight on Friday (0500 GMT Saturday) to announce its decision. On Friday, in a potentially significant development, Canada is expected to announce that the extradition hearing against Huawei Technologies Co Ltd’s Chief Financial Officer can proceed, opined legal experts. In December 2018, Canadian police had Meng Wanzhou, Huawei’s CFO in Vancouver at…

U.S. launches formal charges against Huawei Technologies Co., Ltd & CFO Meng Wanzhou

The charges will test Beijing’s ability to compartmentalize the alleged violations of sanctions on Iran by Huawei from the ongoing trade negotiations. In a development of far reaching implications for U.S.-China bilateral relations, the United States has charged Huawei Technologies Co Ltd with criminal conspiracy to violate U.S. sanctions on Iran. The U.S. Justice Department…

SAP to expand margins after closure of Qualtrics deal

SAP’s CFO, Luka Mucic stated, the German business software firm will be able to scale up growth and profitability at Qualtrics. On Friday, SAP’s Chief Financial Officer, Luka Mucic stated, the German business software company expects its margins to continue to expand despite its $8 billion acquisition of U.S. online consumer sentiment tracking company Qualtrics.…

LG slashes LCD investment costs, maintains planned investments in its OLED business

LG is bent on migrating towards making next-generation OLED panels and has slashed investments in its LCD business, which incidentally accounts for nearly 90% of its revenues. South Korea’s LG Display Co Ltd, a key supplier of panels for Apple, posted its second consecutive loss citing poor panel prices while slashing its investment plans by…