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Google deals Huawei major blow by cutting Android licence

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Google has dealt a major blow to Chinese telecommunications giant Huawei by blocking the firm from using critical apps and services like Gmail and YouTube on its range of smartphones, according to reports. Just like other major smartphone makers including Samsung and LG, Huawei relies on the Google-developed Android operating system to power its mobile Read More

Exclusive: U.S. may scale back Huawei trade restrictions to help existing customers

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(Reuters) – The U.S. Commerce Department said on Friday it may soon scale back restrictions on Huawei Technologies after this week’s blacklisting would have made it nearly impossible for the Chinese company to service its existing customers. FILE PHOTO: A woman looks at her phone as she walks past a Huawei shop in Beijing, China Read More

Tall chip tale? Huawei’s backup plans leave experts unconvinced

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SAN FRANCISCO/HONG KONG (Reuters) – Chip experts are calling out Huawei for its claims that it could ensure a steady supply chain without U.S. help, saying the technology the Chinese telecoms network gear maker buys from American companies would be “hard to replace”. FILE PHOTO: Visitors walk past Huawei’s booth during Mobile World Congress in Read More

China’s Huawei restricted from using U.S. suppliers

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WASHINGTON/NEW YORK (Reuters) – The Trump administration on Thursday officially added China’s Huawei Technologies Co Ltd to a trade blacklist, immediately enacting restrictions that will make it extremely difficult for the telecom giant to do business with U.S. companies. The logo of Huawei is seen at the high profile startups and high tech leaders gathering, Read More

U.S. Commerce Department publishes Huawei export blacklist order

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The logo of Huawei is seen at the high profile startups and high tech leaders gathering, Viva Tech,in Paris, France May 16, 2019. REUTERS/Charles Platiau WASHINGTON (Reuters) – The U.S. Commerce Department on Thursday formally placed Huawei Technologies Co Ltd and 68 affiliates in more than two dozen countries on its so-called “Entity List” – Read More

Huawei to challenge U.S. export sanction which it says will harm America

3 days ago DieselGasoil Comments Off on Huawei to challenge U.S. export sanction which it says will harm America
A security robot with Huawei 5G technology is displayed at an exhibition during the World Intelligence Congress in Tianjin, China May 16, 2019. REUTERS/Jason Lee WASHINGTON (Reuters) – Huawei Technologies said on Thursday it will challenge a decision by the U.S. Commerce Department to add the Chinese company to a export blacklist, warning the decision Read More

Trump administration hits China’s Huawei with one-two punch

3 days ago DieselGasoil Comments Off on Trump administration hits China’s Huawei with one-two punch
WASHINGTON/NEW YORK (Reuters) – The Trump administration on Wednesday took aim at China’s Huawei Technologies Co Ltd, banning the firm from buying vital U.S. technology without special approval and effectively barring its equipment from U.S. telecom networks on national security grounds. FILE PHOTO: The Huawei logo is seen at a bus stop in Mexico City, Read More

Global stocks gain after earnings, deal news, data; U.S. yields move up

3 days ago DieselGasoil Comments Off on Global stocks gain after earnings, deal news, data; U.S. yields move up
NEW YORK (Reuters) – World stock markets were buoyed by deal-making news and solid earnings from Dow components Cisco and Walmart on Thursday while strong economic data pushed U.S. bond yields higher even as investors struggled to make sense of the latest developments in global trade relations. Traders work on the floor at the New Read More

Twin Disc expands in Wisconsin with new facility

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5/16/2019 RACINE, Wis. — Twin Disc, Inc., a global leader in power transmission technology for marine and land-based applications, is near completion of an expansion project in Wisconsin. The 39,000 ft2 North American Aftermarket Distribution Center offers three times the capacity of the current location, and provides dedicated aftermarket resources and shipping flexibility. It is Read More

Wall St. advances as earnings, economic data beat expectations

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NEW YORK (Reuters) – Wall Street extended its rally in afternoon trading on Thursday as upbeat earnings and strong economic data put investors in a buying mood, with technology companies leading the charge. Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 16, 2019. REUTERS/Brendan McDermid All Read More