Business

Huawei profit sinks in 2022 amid sanctions, but sales higher

Huawei on Friday reported a nearly 70% decline in profit last year amid sanctions and pandemic challenges, but its enterprise sales rose as the Chinese technology giant sought to pivot into digital industries and reduce its ...

Business

Why is TikTok under attack from the US government?

The popular social media app TikTok is facing increased scrutiny as some government officials have declared it a security risk, with the Biden administration last week giving federal agencies 30 days to ensure that TikTok ...

Business

China's Huawei says sales down but new ventures growing

Chinese tech giant Huawei said Friday its revenue fell in the first half of 2022 but new ventures in autos and other industries helped to offset a decline in smartphone sales under U.S. sanctions.

Business

China's Huawei says 2021 sales down, profit up

Six months after being released by Canadian authorities following a diplomatic standoff involving Washington and Beijing, Huawei's chief financial officer said Monday the telecom equipment giant may be emerging from a "black ...

page 7 from 9