Latest Huawei Technologies Co Ltd News
Huawei 1Q revenue edges up, profit margin narrows
BEIJING (AP) — Chinese tech giant Huawei reported Friday that its revenue edged up 0.8% from a year earlier in the first three months of 2023 and the company was profitable. Revenue rose to 132.1 billion yuan ($19.1 billion), a company statement said. It said its net profit margin...
China pushes to digitize mines in attempt to make them safer
SHENMU, China (AP) — China is using “smart” technology to try to improve its safety record in coal mines, as part of a push by the National Energy Administration to bolster output and stem frequent accidents and collapses. Smart-mine sensors monitor aspects such as gas buildup...
Nokia profits down, sees economy impacting client spending
HELSINKI (AP) — Wireless and fixed-network equipment maker Nokia on Thursday reported lower than expected profits as it warned that the current economic situation was starting to impact spending by operators and other customers. The Espoo, Finland-based company reported net profit...
In China, Lula seeks help to build back Brazilian industry
BEIJING (AP) — The trip by Brazil’s President Luiz Inácio Lula da Silva to Beijing has made clear he is counting on China to help reinvigorate the South American nation's ailing industrial sector — particularly by picking up the slack of exiting U.S. companies. After Lula met...
Huawei profit sinks in 2022 amid sanctions, but sales higher
HONG KONG (AP) — Huawei on Friday reported a nearly 70% decline in profit last year amid sanctions and pandemic challenges, but its enterprise sales rose as the Chinese technology giant sought to pivot into digital industries and reduce its vulnerabilities to U.S. sanctions. ...
Xi accuses US of trying to hold back China’s development
BEIJING (AP) — Is the United States out to sabotage China? Chinese leaders think so. President Xi Jinping accused Washington this week of trying to isolate his country and hold back its development. That reflects the ruling Communist Party's growing frustration that its pursuit of...
