Huawei Said to Pledge $2 Billion to Allay British Security Fears

Huawei Said to Pledge $2 Billion to Allay British Security Fears

China’s Huawei will spend $2 billion as part of efforts to address security issues raised in a British government report earlier this year, sources with knowledge of the matter said on Friday. Huawei, the world’s biggest producer of telecoms equipment, faces intense scrutiny in the West over its ties to the Chinese government and concerns its equipment could be used by Beijing for spying. The company has repeatedly denied the allegations. The British government report,…

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Huawei Enjoy 9 With 4,000mAh Battery Launched: Price, Specifications

Huawei Enjoy 9 With 4,000mAh Battery Launched: Price, Specifications

Huawei Enjoy 9 will go on sale in China on December 12 After the Enjoy 9 Plus launch in October, Huawei has now launched the Enjoy 9 smartphone in China. The smartphone is a pared-down version of the Enjoy 9 Plus, but it comes with a Qualcomm Snapdragon processor and not a Kirin processor. Key specifications include a 6.26-inch display, 4,000mAh battery, Snapdragon 450 processor, dual rear camera setup, a dedicated microSD card slot support,…

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Huawei CFO Arrest: Europe Should Be Wary of Huawei, EU Tech Official Says

Huawei CFO Arrest: Europe Should Be Wary of Huawei, EU Tech Official Says

The European Union should be worried about Huawei and other Chinese technology companies because of the risk they pose to the bloc’s industry and security, the EU’s technology chief said on Friday, echoing concerns raised elsewhere in the world. Huawei expressed disappointment at EU tech commissioner Andrus Ansip’s comments, saying it had never been asked to install technology that could be used for spying and never would. “Do we have to be worried about Huawei…

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UK banks may have been used for Iran payments related to Huawei: WSJ

UK banks may have been used for Iran payments related to Huawei: WSJ

Jane Wolsak | Reuters Huawei CFO Meng Wanzhou, who was arrested on an extradition warrant, appears at her B.C. Supreme Court bail hearing along with a translator, in a drawing in Vancouver, British Columbia, Canada December 7, 2018. British banks Standard Chartered and HSBC were reportedly among financial institutions misled by Chinese technology giant Huawei into funneling illicit payments from Iran, The Wall Street Journal said on Sunday, citing sources familiar with the matter. According…

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Canada puts on ‘show trial’ for arrested Huawei CFO

Canada puts on ‘show trial’ for arrested Huawei CFO

Canada treated her “as a dangerous criminal” and “violent offender” by restraining her with handcuffs and forcing her to wear ankle restraints following her initial bail hearing, the paper said. “It is hard to escape the conclusion that her treatment is something of a show trial intended to humiliate her and China,” it said. China is regularly accused of violating the human rights of its own citizens who speak out against the government, advocate democracy…

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Cetention of Huawei exec is ‘vile in nature’ China says

Cetention of Huawei exec is ‘vile in nature’ China says

China summoned the Canadian ambassador to protest the detention of a top executive of leading Chinese tech giant Huawei, calling it “unreasonable, unconscionable, and vile in nature” and warning of “grave consequences” if she is not released. A report by the official Xinhua News Agency carried on the Foreign Ministry’s website said that Vice Foreign Minister Le Yucheng called in Ambassador John McCallum on Saturday over the holding of Chief Financial Officer Meng Wanzhou, who…

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U.S. wants Huawei CFO to face charges over Iran sanctions

U.S. wants Huawei CFO to face charges over Iran sanctions

From 2009 to 2014, the court heard, Huawei used Hong Kong-base Skycom Tech to carry out business in Iran despite U.S. and European Union bans. In January 2013, Reuters reported that Skycom, which attempted to sell embargoed Hewlett-Packard computer equipment to Iran’s largest mobile-phone operator, had much closer ties to Huawei than previously known. Meng, who also has used the English names Cathy and Sabrina, served on the board of Skycom between February 2008 and…

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Huawei P20 Lite, P20 Pro, Nova 3i Get Temporary Price Cuts on Amazon, Additional Offers Too

Huawei P20 Lite, P20 Pro, Nova 3i Get Temporary Price Cuts on Amazon, Additional Offers Too

Huawei has reduced the prices of several of its smartphones on Amazon India as part of an ongoing sale. The Chinese giant has listed the Huawei Nova 3i, Huawei P20 Lite, Huawei P20 Pro at discounted prices, while the Huawei Nova 3 has some additional offers. The Huawei sale on Amazon has also bundled offers like additional discount on exchange, No Cost EMI options, and more for these smartphones. The Huawei sale on Amazon sees…

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Huawei reportedly agrees to British security agency’s demands

Huawei reportedly agrees to British security agency’s demands

David Ramos | Getty Images News | Getty Images A logo sits illuminated outside the Huawei pavilion during Mobile World Congress 2015 in Barcelona, Spain. Chinese tech giant Huawei has agreed to a British security agency’s demands in order to protect its interests in the U.K.’s 5G network, according to the Financial Times. The FT reported Friday that Huawei executives met with senior officials from GCHQ’s National Cyber Security Centre this week, where the company…

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Huawei CFO arrest just made companies like Apple less valuable

Huawei CFO arrest just made companies like Apple less valuable

U.S.-based technology companies with business in China automatically lost value on news of the arrest of Huawei CFO Meng Wanzhou, who has reportedly been accused of violating U.S. sanctions, CNBC’s Jim Cramer said Thursday. The arrest, which occurred in Canada on Saturday and was announced Wednesday, “means any tech company that does a huge amount of business in China, including Apple or Micron or Intel or Skyworks or Qualcomm or Broadcom, is worth a little…

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US firms in China vulnerable after Huawei arrest: Ex-US trade advisor

US firms in China vulnerable after Huawei arrest: Ex-US trade advisor

There’s a good chance the Chinese will retaliate for the arrest of Huawei CFO Meng Wanzhou by targeting American businesses in China, former assistant U.S. trade representative Jeff Moon told CNBC on Thursday. Meng was arrested on Saturday in Canada and is facing extradition to the United States reportedly for violating U.S. sanctions on Iran. In an interview with “Power Lunch,” Moon said that while China has responded to the escalating U.S. tariffs in somewhat…

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Allegations link Huawei to illegal transactions with HSBC

Allegations link Huawei to illegal transactions with HSBC

Alexander Bibik | Reuters Meng Wanzhou, Executive Board Director of the Chinese technology giant Huawei, attends a session of the VTB Capital Investment Forum “Russia Calling!” in Moscow, Russia October 2, 2014. In the saga involving the recent arrest of Huawei CFO Meng Wanzhou in Canada, questions have surfaced as to whether U.K. banking giant HSBC will be named in the legal case. According to a story in the Wall Street Journal, a monitor appointed…

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Huawei Mate 20 Pro Review

Huawei Mate 20 Pro Review

The Indian smartphone market might be one of the fastest growing worldwide, but it’s also one of the toughest to survive in. Just ask Huawei, which despite being the second-largest smartphone manufacturer in the world, is still struggling to find its footing here. In addition to building a strong online presence for its sub-brand Honor, the company plans on aggressively tackling the offline market adding more localised content and features, and launching more of its…

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Huawei CFO arrest sends global chip stocks plunging

Huawei CFO arrest sends global chip stocks plunging

Global chip stocks tumbled on Thursday as the arrest of a top executive at Chinese tech giant Huawei renewed fears of an escalation in U.S.-China trade tensions. Shares of Austrian chipmaker AMS plunged around 7 percent. Switzerland-based STMicroelectronics dropped 4 percent, while the U.K.- headquartered Dialog Semiconductor slumped around 3 percent. The moves in European stocks followed losses in Asia, where shares of Japanese chipmakers Sumco, Tokyo Electron and Advantest each fell around 5 percent….

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US-China trade tensions resurface after Huawei CFO arrest

US-China trade tensions resurface after Huawei CFO arrest

Market focus is largely attuned to the arrest of a top executive at Chinese tech giant Huawei, amid investor concern that the news could derail progress in U.S.-Sino trade talks. Canadian authorities said Wednesday that they had arrested Huawei’s global chief financial officer in Vancouver, where she is facing extradition to the United States. Meng Wanzhou, the daughter of Huawei’s founder, was arrested on December 1, reportedly over the possible violation of sanctions against Iran….

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