TagHuawei

Donald Trump Was Right to Ban Huawei After All, Study Suggests

Donald Trump, Huawei

A new study has uncovered information showing that U.S. President Donald Trump may have made the right decision in imposing a ban on Chinese telecoms giant Huawei for reasons of national security. The study, carried out by Professor Christian Balding of Fulbright University Vietnam and the Henry Jackson Society, a London-based think tank, revealed deep links between some of the company's key...

Dow Rallies 7.2% in June: Trade Talks Resume, Market Sentiment Surging

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As the U.S. and China resume trade talks following the highly anticipated G20 summit, the Dow Jones and the rest of the U.S. equities market have shown strong recovery. In the past 30 days, the Dow Jones has rebounded from 24,819 points to 26,599 points, recording its best June in 81 years. The U.S. has paused the imposition of additional sanctions on Chinese goods and China is set to begin...

Huawei Faces Possible Final Nail in Coffin as Chip Designer Bails: Report

Huawei

By CCN: Google was only the beginning of Chinese multinational tech giant Huawei's woes. The odds are increasingly stacked against the popular smartphone maker now that it is losing business with one of its biggest partners: British chip designer Arm Holdings. According to a BBC report, the chip company distributed an internal memo saying that as a result of "U.S. origin technology," it is no...

Dow Booms After Trump Admin Flip-Flops on Ruthless Huawei Blacklist

donald trump, dow jones industrial average, huawei

By CCN: The Dow raced toward recovery on Tuesday after the Trump administration caved to pressure to moderate its hardline stance on Chinese tech giant Huawei. However, as trade tensions grow increasingly fraught, investors should question the long-term health of the stock market. Dow Soars to 185 Point Rebound All of Wall Street's major indices surged on Tuesday. As of 2:35 pm ET, the Dow Jones...

Google Dumps Huawei from Android After Trump-Led U.S Blacklist

Huawei, Android, Google

By CCN: Huawei has been unceremoniously axed by Google after the U.S government blacklisted the Chinese tech giant earlier this week. Now, Huawei mobile phones are no longer allowed to integrate official Android updates, and will be barred from hosting Google Play mobile apps, such as YouTube and Gmail. Google Drops Huawei: No More Android Support for Mobile Users The news comes less than a week...

China's Huawei Quashes Analyst’s Bullish Apple Stock Price Prediction

Huawei

By CCN: Wall Street is showering love on Apple's stock. The iPhone maker recently hit a $1 trillion valuation. Analysts and investors are willing to overlook the problems with the company’s second-quarter earnings report, including Gene Munster. He believes that Apple's stock could rally more than 70% in the next couple of years. '@LoupVentures Gene Munster says Apple is heading to $350...

Why Huawei's 5G Dominance Threatens Liberal Democracy

huawei 5g

When U.S. President Donald Trump signed off on a ban on equipment from Chinese 5G infrastructure giant Huawei for government employees and contractors last year, the move raised few eyebrows. The fact that the ban came under the Defense Authorization Act seemed to tell an open and shut story of national security and the threat of Chinese spying. Events over the past few months, however, are...

China Backs Huawei in Suing the U.S. with 'All Necessary Measures' - Trade Deal Under Threat?

donald trump, xi jiniping, trade war, dow

Telecommunications giant Huawei has been assured of the Chinese government’s full support in its legal challenge against the U.S. Addressing the annual National People’s Congress, China’s Foreign Minister Wang Yi pledged full government support. An excerpt from Yi's translated statements reads: China has and will continue to take all necessary measures to resolutely protect the legitimate and...

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