Apr. 18, 2024 05:31 AM EDT
HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia on Thursday reported a smaller-than-expected profit and a double-digit fall in sales in the first quarter due to a market weakened by a lack of clients investing in 5G technology.
The Espoo, Finland-based company...
Apr. 05, 2024 08:21 AM EDT
GUANGZHOU, China (AP) — U.S. Treasury Secretary Janet Yellen called on China on Friday to address manufacturing overcapacity that she said risks causing global economic dislocation, and to create a level playing field for American companies and workers.
Starting a five-day visit in...
Mar. 29, 2024 04:25 AM EDT
HONG KONG (AP) — Chinese telecoms gear company Huawei Technologies has reported its profit more than doubled last year as its cloud and digital businesses thrived in spite of U.S. sanctions.
The Shenzhen-based company reported a net profit of 87 billion yuan ($12 billion), helped...