Chinese Mobile Giant Huawei Reports Decrease in Sales but Soaring Profit as Top Executive Is Released from House Arrest
Chinese telecom maker Huawei announced Monday, March 28, that despite a decrease in sales, its overall profit rose by 76 percent in 2021.The company claimed 2021 revenue of 636.8 billion yuan ($99.9 billion), down 28.6...
China: Canon’s Large Severance Packages Make Chinese Think Again
Recently, Canon Zhuhai Co., Ltd., a subsidiary of Canon located in Zhuhai, China, announced its closure and a large severance package for departing employees. The minimum severance for each employee is 300,000 yuan ($47,381), and...
MI6 Chief Responds to Bizarre James Bond Spoof Clip From Chinese News Agency
In a rare occurrence, MI6 Chief Richard Moore has responded to a tweet from China Xinhua News. The tweet from the Beijing-backed news agency featured a spoof video about a “secret meeting” between MI6 and...
Chinese Tech Giant Huawei Linked to Surveillance Operations and Intelligence Gathering: Report
An analysis by the Washington Post finds that Chinese telecommunications firm Huawei may have played a larger role in surveillance and software programs than previously acknowledged by both the company and the government. The review...
FCC Revokes China Telecom’s US License, Citing Potential Threat to National Security
The U.S. Federal Communications Communication (FCC) has voted to revoke the license of China Telecom’s subsidiary in the United States, thereby halting the firm’s operations. The decision was made due to national security concerns. China...
Huawei Expects Losses Up To $40 Billion in Smartphone Revenues
Chinese company Huawei is expected to see revenues from its smartphone business drop by $30-$40 billion this year, according to Eric Xu, the company’s rotating chairman for 2021. At a press conference in Beijing, Xu...
Lithuanian Cybersecurity Center Accuse Chinese Smartphones of Carrying Built-in Censorship Capabilities
The defense ministry of Lithuania has put out a statement recommending the public to avoid using mobile phones from Chinese manufacturers. The recommendation requested people to dispose of such phones in case they are currently...
China Releases Canadians Michael Spavor and Michael Kovrig
Canadians are breathing a sigh of relief after two Canadian nationals, Michael Kovrig and Michael Spavor — who have spent close to 3-years in the Chinese prison system — touched down on Canadian soil after...
‘Afghanistan’s Trustworthy Friend,’ Taliban Courting China for Infrastructure Investments and Trade
The Taliban and China have been intensely courting each other publicly in recent weeks, with representatives from both sides declaring that they look forward to cooperating on various issues. In an interview with the Italian...
Washington Faces Criticism After Allowing Sale of Auto Chips to Huawei, US Chip Manufacturing Drops to 12 Percent
The U.S. government has reportedly approved license applications that allow Huawei to buy auto chips from American firms. Chinese companies have been under severe trade restrictions for the past few years as they were considered...
Huawei Accused of Installing ‘Backdoor’, Stealing Trade Secrets During Massive Project Undertaken for Pakistan
Business Efficiency Solutions LLC (BES), a California based software company, is suing Huawei in a Californian court for allegedly stealing trade secrets, spying and installing a ‘backdoor’ following their work on a project for the...
US Court Supports FCC’s Right to Impose Subsidy Exclusion on Huawei
The U.S. 5th Circuit Court of Appeals recently ruled that the Federal Communications Commission (FCC) has the right to bar recipients of its “Universal Service Fund” subsidies from using equipment or services from companies deemed...
