In a statement, Foxconn, formally known as Hon Hai Precision Industry Co Ltd, said it could continue to meet all manufacturing obligations in the wake of the coronavirus outbreak in China. “We do not comment on our specific production practices, but we can confirm that we have measures in place to ensure that we can…
On Tuesday, in a statement the British government stated, it will allow China’s Huawei a limited role in building its 5G networks. The statement also mentions, high-risk vendors would be excluded from sensitive core parts of networks, and that there would a 35% cap on their involvement in the non-sensitive parts. The development is likely…
On Tuesday, a report from Japan’s Nikkei Asian Review stated, Apple Inc’s plan to boost the production of the iPhone by 10% during the first half of this year is likely to hit headwinds with the coronavirus spreading further in China. The Nikkei reported citing sources familiar with the company’s plans as saying, Apple had…
British Prime Minister Boris Johnson is scheduled to meet senior ministers on Tuesday to decide on whether the UK will allow China’s Huawei to participate in building the country’s critical 5G mobile infrastructure. The United States views Huawei as a company of particular concern and it sees Huawei’s participation in building a critical infrastructure as…
One year back, while speaking at a conference hosted by the Massachusetts Medical Society, Bill Gates had “predicted” that a super-virus pandemic breaking out in China could potentially kill 33 million people around the globe in a span of just 6 months. Gates had warned that the world was at risk from super-pathogens spreading quickly…
Midst growing debate over the future of money, major central banks across the globe are looking at a possibility of issuing their own digital currencies, said the European Central Bank and the Bank of England. “The central banks of Britain, the euro zone, Japan, Sweden and Switzerland will share experiences in a new group headed…
On Wednesday, two sources stated, the U.S. government is nearing the publication of a rule that would significantly expand its powers to block shipments of foreign-made goods to Huawei. The development comes in the wake of the U.S. Commerce Department placing Huawei Technologies Co Ltd on a trade blacklist in May 2019, citing national security…
As per a report from the Sunday Times, the U.S. government is planning on permanently bringing a stop to its civilian drone program due to the drones being, at least partly, manufactured in China. The FT reported citing two sources briefed on the plans as saying, the U.S. Department of the Interior is weighing its…
According to a dozen sources familiar with the development of China’s C919 single-aisle plane, the program, which is already five years behind schedule, is likely to expect more delays with the state-owned Commercial Aircraft Corporation (COMAC) struggling with a range of technical issues adding to headwinds for test flights. Although delays are common in complex…
On Wednesday, China’s central bank stated an application by a unit of American Express Co (AmEx) had been accepted. The status of the application was revealed in an official social media post from the People’s Bank of China (PBOC). The post did not elaborate on when AmEx can start operations in the country. In November…
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