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After reporting that Google has disconnected Chinese technology leader Huawei Technologies from Android, other major US IT companies are stopping software and component shipments for it. The US Department of Commerce announced the blacklisting of Huawei products and related companies. According to Bloomberg, deliveries of components and software have already been suspended by US companies such as Intel, Qualcomm, Xilinx and Broadcom. Reuters agency writes that Huawei was ready for such a development of events, having developed its own technology in case of Android locking. In addition, it created a stock of spare parts. According to experts, this will allow it to ensure uninterrupted work for three months. However, Huawei’s dependence on US semiconductor products will still lead to significant losses for the Chinese company. Therefore, it is interested in the abolition of restrictions imposed by US authorities.
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 ...
China's Commerce Ministry stated on Thursday that it would take the 'necessary' measures in response to the United Kingdom's ban on Huawei Technologies Co Ltd (HWT.UL). The government agency said that it would severely damage China's investment ...
The U.S. opposition wanted to stop the International Monetary Fund from using its strong tools to support other countries in fighting coronavirus on Wednesday. IMF proposed to create a new portion of Special Drawing Rights. The national bank ...
The U.S. Dollar held overnight gains against most major currencies on Wednesday amid a rise of U.S. yields and piling fears of the economic impact of the coronavirus pandemic had investors retreating to the Greenback. The British Pound as ...
The dollar recovered on Friday as investors turned to the most liquid currency amid intensified global concerns over the pandemic virus. The euro eased losses after the European Central Bank (ECB) refrained from slashing interest rates. The ...
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