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Huawei, one of the leading manufacturers of smartphones in China, in the first half of the year increased its revenue by 1% in annual terms to 325 billion 700 million yuan. Operating margin was 14%. The company said that “ensuring the security of the company's business, connecting more specialists and introducing cloud technologies to develop the network infrastructure” would remain its main priorities until the end of the year. The company will also increase “the use of artificial intelligence technologies and the Internet of things in its work and develop open innovative digital platforms for its customers”. Huawei did not provide data on operating and net profit.
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 ...
Renault SA (RENA.PA) announced on Monday that its global car sales fell by 34.9% in the first half of the year due to the impact of the coronavirus pandemic. However, the company said that it had seen some signs of recovery in June. The French ...
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 ...
European new car registrations fell in June year-on-year, but showed some improvement when compared to May 2020 as lockdown measures continue to loosen across the region, Tuesday’s industry data showed. In June, passenger car sales were ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
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