Latest Huawei Technologies Co Ltd News

5 cars from the Beijing auto show that reflect China's vision for the future of driving

Apr. 26, 2024 05:19 AM EDT

BEIJING (AP) — China's vision of the future of the automobile — electrified and digitally connected — is on display at the ongoing Beijing auto show. Organizers say that 117 new models are making their debut at Auto China 2024, which runs through May 4. They range from...

Nokia sees double-digit fall in January-March sales as weak market for 5G technology prevails

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...

Yellen calls for level playing field for US workers and firms during China visit

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...

Huawei’s profit more than doubles in 2023, sales up 9.6% as cloud and digital businesses grow

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...