Latest Huawei Technologies Co Ltd News

Official: Tech execs gathering at White House

Jul. 20, 2019 5:32 PM EDT

WASHINGTON (AP) — A Trump administration official says tech company executives are due to meet Monday at the White House with the president's chief economic adviser, Larry Kudlow. The official says participants will discuss "economic matters" and talks could touch on Huawei. The White House sanctioned the...

Australia 'deeply disappointed' China criminally detains man

Jul. 19, 2019 7:42 AM EDT

CANBERRA, Australia (AP) — Australia's foreign minister said on Friday her government was "deeply disappointed" that a Chinese Australian writer was placed in criminal detention in Beijing, prompting China to urge against "irresponsible" interference. Foreign Minister Marise Payne said that China notified...

Lawyer says China has charged Chinese Australian writer

Jul. 18, 2019 11:31 AM EDT

CANBERRA, Australia (AP) — A Chinese Australian writer detained in Beijing since January has been charged with endangering state security and moved from house arrest to a detention center, his lawyer and a friend said Thursday. China said Yang Hengjun's case was under investigation by the Chinese national...

EU fines chipmaker Qualcomm for 'predatory pricing'

Jul. 18, 2019 11:29 AM EDT

BRUSSELS (AP) — In yet another European Union move against a U.S. tech company, the bloc's antitrust chief on Thursday fined chipmaker Qualcomm $271 million, accusing it of "predatory pricing" to drive a competitor out of the market. EU Antitrust Commissioner Margrethe Vestager said Qualcomm was abusing...

Another Canadian detained in China amid diplomatic chill

Jul. 13, 2019 7:08 PM EDT

OTTAWA, Ontario (AP) — A Canadian citizen has been detained in Yantai, China, Canada's government said Saturday, a step that comes amid tense relations between the countries. Global Affairs Canada did not provide details about the identity of the detainee, nor the reason for the detention. Earlier this...

Business Highlights

Jul. 12, 2019 5:01 PM EDT

___ Report: FTC approves roughly $5B fine for Facebook SAN FRANCISCO (AP) — A Wall Street Journal report says that the FTC has voted this week to approve a fine of about $5 billion for Facebook over privacy violations. The report Friday cites an unnamed person familiar with the matter. Facebook and the FTC...

China imports from US plunge 31% in June amid tariff war

Jul. 12, 2019 11:28 AM EDT

BEIJING (AP) — China's trade with the United States plunged last month as a tariff war battered exporters on both sides of the Pacific Ocean. And there's no letup in sight: Tensions between the world's two biggest economies continue to simmer even though President Donald Trump and his Chinese counterpart,...

Huawei calls on US to lift export restrictions

Jul. 12, 2019 8:01 AM EDT

SHENZHEN, China (AP) — The chairman of Huawei said Friday the Chinese tech giant has yet to see any benefit from President Donald Trump's promise to allow U.S. companies to sell some components to the company and called on Washington to remove it from a security blacklist. The "unjust and unfair" decision...

Samsung predicts 56% drop in 2Q profit on weak chip market

Jul. 5, 2019 3:10 AM EDT

SEOUL, South Korea (AP) — Samsung Electronics Co. said Friday its operating profit for the last quarter likely fell more than 56% from a year earlier amid a weak market for memory chips. The South Korean tech giant estimated an operating profit of 6.5 trillion won ($5.5 billion) for the April-June quarter,...

World shares mixed, Europe advances after fresh S&P 500 high

Jul. 3, 2019 8:20 AM EDT

LONDON (AP) — Shares in Europe rose sharply Wednesday as investors warmed to the announcement that Christine Lagarde, the current head of the International Monetary Fund, will take the helm at the European Central Bank. Wall Street, meanwhile, looked set to open higher on a holiday-shortened trading day,...