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China condemns Canada’s arrest of Huawei’s CFO

by admin   |   Posted on Friday, December 7th, 2018

 

Meng Wanzhou, chief financial officer of Huawei | REUTERS

China condemns the arrest of Meng Wanzhou, chief financial officer(CFO) of China’s tech giant Huawei, in Canada, Chinese embassy said in a statement on Wednesday.

It said Meng has committed no crime and that the arrest is a violation of her human rights; China urges both Canada and United States to “immediately correct the wrongdoing”.

Meng was arrested on December 1, and a bail hearing has been scheduled for Friday, according to the Canadian side.

In a statement, Huawei said Meng was arrested while transferring between flights in Canada, and is facing an “unspecific accusation”.

The company said it has been provided very little information regarding the charges and is not aware of any wrongdoing of Meng. — Reuters

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Status still unclear as Trump announces ease of trade ban vs Huawei

by Aileen Cerrudo   |   Posted on Friday, July 5th, 2019

Courtesy : Reuters

The status of Huawei in the United States market remains unclear after President Donald Trump announced plans to ease the trade ban against the Chinese company.

President Trump made the statement last week during the G20 Summit in Japan.

“We mentioned Huawei, I said we have to save that till the very end, we’ll have to see….One of the things I will allow however is, a lot of people are surprised, we send and we sell to Huawei a tremendous amount of product that go into the various things that they make, and I said that, that’s okay that we will keep selling those products,” he said.

However, despite the announcement, White House Economic Adviser Larry Kudlow said Huawei will remain blacklisted.

“Remember, Huawei remains on the enemy list, which is fundamentally a national security issue,” he said.

Meanwhile, trade talks between the US and China will continue next week to resolve a year-long trade war.—AAC (with reports from Mon Jocson)

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Huawei underestimated impact of U.S. ban, expects a $100 billion dip in revenue

by Aileen Cerrudo   |   Posted on Tuesday, June 18th, 2019

Courtesy : Reuters

Huawei Technologies’ founder and CEO Ren Zhengfei said they underestimated the impact of the United States (US) ban.

On Monday (June 17), Zhengfei warned that their revenue would dip to around $100 billion this year.

READ: Internet abuzz over Google suspending business with Huawei

The US has put Huawei on their trade blacklist and banned American companies from doing business with the Chinese firm due to security risk.

Google previously announced that Huawei’s newer smartphones will lose Android updates as well as apps including YouTube, Gmail, and Google Play.

Zhengfei alredy expressed concerns on the impact of the trade ban.

“We did not, in our initial assessment, expect it to be this serious. We had made our preparations, just like an old airplane, we had only protected our heart and our fuel tank, we did not protect the other necessary components. So in the next two years, the company will suffer a setback. Our output will drop by $30 billion and so our revenue would dip to around $100 billion this year and the next,” he said.

“Whether (Huawei’s) international smartphone shipments will drop 40%? Yes it will, drop by 40%. But the growth rate for Chinese smartphone sales is very fast, its very fast,” he added.—AAC

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Huawei asks U.S. court to declare defence bill ‘unconstitutional’

by Robie de Guzman   |   Posted on Wednesday, May 29th, 2019

Huawei. REUTERS/Aly Song/File Photo

China’s Huawei Technologies Co Ltd said on Wednesday (May 29) that it has filed a motion for summary judgement in its lawsuit against the U.S. government, in the telecoms equipment maker’s latest attempt to fight sanctions from Washington that threaten to push it out of global markets.

The motion filed late on Tuesday (May 28) in the U.S. District Court for the Eastern District of Texas asks to declare the 2019 National Defence Authorization Act (NDAA) unconstitutional, in an update to the lawsuit against the act that the Chinese company started in March.

“We believe that U.S. politicians are using cyber security as an excuse to gain public support for actions that are designed to achieve other goals. These actions will do nothing to make networks more secure,” said Huawei chief legal officer Song Liuping, during a briefing held for media in Huawei’s Shenzhen headquarters.

The NDAA bill, passed into law by the U.S. Congress last summer, places a broad ban on federal agencies and their contractors from using Huawei equipment on national security grounds, citing the company’s ties with the Chinese government.

Huawei has repeatedly denied it is controlled by the Chinese government, military or intelligence services.

The world’s largest telecom network gear maker has since faced even greater sanctions as the U.S. commerce department on May 16 put the firm on a trade blacklist that bans companies from doing business with Huawei, in a move which immediately disrupted the global tech sector. (REUTERS)

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