Huawei has warned China will strike back against new restrictions from the United States. 2020 would be the company’s most difficult year due to trade restrictions that affected its sales last year. Chairman Eric Xu warned that further export restrictions could destroy global tech supply chains. Following its weakest annual profit growth in three years, …
The Chinese Government Will Strike Back for Huawei Read More »
US legislators are proposing to allocate $1 billion in subsidies to rip and replace Huawei gear in wireless networks. The word “replace” pricked ears up – Nokia and Ericsson raced to center stage to present their own 5G alternatives. The Senate Commerce Committee’s hearing called 5G supply chain security invited executives from Nokia and Ericsson. …
Nokia and Ericsson Compete to Replace Huawei’s 5G Read More »
DOJ Arrests Huawei CFO for Trade Theft Two years after Huawei’s Chief Financial Officer Meng Wanzhou was arrested for spying on American intelligence, she got caught again. This adds 16 counts of conspiracy and racketeering charges against her. The DOJ accuses the company of almost 20 years of efforts to steal intellectual property from US …
DOJ Arrests Huawei CFO for Trade Theft | Wibest Broker Read More »
China’s Xiaomi Corp., Huawei Technologies Co. Ltd., Guangdong OPPO Mobile Telecommunications Corp. Ltd., and Vivo Communication Technology Co. Ltd. are said to be teaming up to develop a platform that would potentially rival Google’s Play store. Sources familiar with the matter said the four manufacturers are performing minor fixes on what is known as the …
China’s Smartphone Giants to Rival Play Store | WibestBroker Read More »
As the worrying but unconfirmed threat of the power of 5G circulates the world, Huawei remains on top. The United Kingdom granted the controversial company a limited role in Britain’s 5G network. The firm is prohibited from supplying core parts of their kits to the UK. It will also have a limited periphery in the …
The United Kingdom on Huawei So Far | Wibest Broker Read More »
After the Pentagon and the Treasury Department opposed to restricting trade with Huawei, the US Department of Commerce pulls out. Pentagon officials sided with US businesses that didn’t want to regulate US products to Huawei. They claim that pursuing the law will encourage the company to rely less on the country’s products. The equipment giant …
Here are the latest market charts and analysis for today. Check them out and know what’s happening in the market today. EURBRL The pair will experience a pullback in coming sessions toward its 200 MA. Last week’s report for Brazilian Foreign Exchange Flows showed the real currency recovering from the recent outflow of foreign cash. …
Daily Market Charts and Analysis January 22, 2020 Read More »
High-end smartwatch creator Garmin just announced a tactical smartwatch, the Tactix Delta. Stealth Mode hides the user’s location form storage or sharing. Essentially, it’s an Airplane Mode, which turns off the watch’s wireless connectivity and communication. The Kill Switch, on the other hand, can remove all user data with one switch. The integration of a …
Senator Tom Cotton, a US lawmaker, just introduced a bill to prohibit sharing intelligence to countries that use Huawei. The White House’s concerns against the tech giant lead them to place it on a trade blacklist. Cotton told the country’s allies to consider the consequences of sharing valuable information to a Chinese “intelligence-gathering arm.” One …
Reports have been all over the 5G hype as soon as South Korea adopted the network last April. The anticipated feature promised lightning-fast download speeds, high-resolution video calls, and lag-free gaming. But as of now, is it worth all this hype? The network represents the future of business, economic growth and innovation. When stable, the …
The 5G Promise – What’s to Come? | Wibest Broker Read More »
Technology companies in China, especially Huawei and TikTok parent company ByteDance, are under the most pressure between the US-China tensions. 143 Chinese companies are under an American blacklist for surveillance allegations and confirmed breaches. In recent news, the Italian industry minister Stefano Patuanelli said the largest telecom provider should still be allowed in Italy. He …
Chinese Tech Brands Under Security Scrutiny | Wibest Broker Read More »
U.S and China reached an agreement regarding the “Phase One” deal in more than a month ago. However, until this day, it is unknown when U.S. President Donald Trump and China’s President Xi Jinping will sign this deal. The trade war between the two largest economies started in 2018. However, due to numerous disagreements, the …
Ongoing demonstrations in Hong Kong once more underlined that security is deteriorating in the city. In this situation, it makes sense that investors are cautious when it comes to investing in Hong Kong. This situation is also harmful to the stock markets. It is worth mentioning that Hong Kong is one of the most important …
Stocks: Demonstrations in Hong Kong and Hang Seng Index Read More »
Ongoing demonstrations in Hong Kong continue to influence the stock markets. The protests, which started several months ago affected the local economy. Hong Kong is one of the most important financial hubs in the world. However, violent protests and tensions in the city raised fears about the state of affairs in Hong Kong. Last week …
American telecommunications company Qualcomm expects 200 million 5g smartphones next year, including flagship devices. Network fans expect 5G smartphones to make videos and games run faster on mobile networks than on a wi-fi connection. CFO Akash Pakhiwala said spring and fall would be 5G’s “inflection points” in 2020. Firms like Samsung and Chinese handset makers …
Qualcomm Predicts American 5G Launches | Wibest Broker Read More »
WhoIs Best Broker is leading Forex and Economy news Website. We provide you with the latest news and videos straight from the Financial Industry..
