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Chinese telecommunications company Huawei, the leader in the segment of commercial contracts for 5G networks, predicts that in 2018 its revenue will exceed $100 billion. The Financial Times, referring to the statement of Ken Hu, the company's CEO, reports that, despite the doubts expressed by some countries regarding the security of its telecommunications equipment, Huawei customers continue to trust it. The company plans to increase investment in cybersecurity, and now intends to allocate 2 billion dollars for this. This year, developed countries have received more than 10,000 5G base stations from Huawei, and next year they will begin production of the first smartphones for 5G networks.
Asian shares recorded a turbulent session on Friday as weak economic data from the United States and surging coronavirus infections worldwide dragged market confidence. The decline followed despite upbeat U.S. tech gains and signs of rebound ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The dollar sat near two-year lows on Wednesday as the United States struggled to control the coronavirus outbreak, breaking hopes for a fast economic recovery. The gloomy outlook for the U.S. economy is expected to urge the Federal Reserve ...
Indonesia on Wednesday rolled out a 100 trillion Rupiah ($6.92 billion) loan guarantee scheme for prioritized businesses to keep them afloat as the COVID-19 situation continued to worsen around the world, the country’s finance minister ...
Bloomberg News reported on Thursday that Elon Musk’s Space Exploration Technologies Corp. (SpaceX) is in talks to raise new funds at a valuation of $44 billion. The aerospace company said that it is in discussions with a number of investors ...
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