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Chinese tech giant Huawei says profits more than doubled in 2023
Chinese tech giant Huawei said on Friday its profits more than doubled in 2023, as it ramps up efforts to bounce back in a year that saw the company apparently defy US sanctions with the release of a ... Read More
How Intel 'survived' US' China Blacklist that AMD couldn't
Intel has reportedly survived an effort to halt hundreds of millions of dollars' worth of chip sales to Huawei. According to a report by news agency ... as from China hawks in the US, who are ... Read More
Huawei and partner used US tech to make advanced chips - report
Huawei Technologies and its partner Semiconductor Manufacturing International (OTCQX:SIUIF) depended on U.S. technology to produce an advanced chip in China in 2023, Bloomberg News reported citing ... Read More
Apple iPhone sales plunge 24% in China as Huawei smartphone business resurges, report says
Sales of Apple's iPhone plunged in China in the first six weeks of 2024, according to a Counterpoint Research report ... Chinese tech giant Huawei, whose consumer business is experiencing a ... Read More
TikTok ban could damage US-China trade, expert says
After the US House of Representatives voted to approve a bill that could result in US app stores removing TikTok, a US-China tech relations expert told The Independent the legislation could ... Read More
February jobs report: US economy adds 275,000 jobs, unemployment rate hits 3.9%
The US economy created more new jobs ... A revised 229,000 jobs were added in January, according to the report, down from the 353,000 initially reported. In total, revisions showed there were ... Read More
Banco Santander announces job cuts in US amid digitalisation drive
cutting approximately 320 jobs as part of its strategic shift towards digital operations, as reported by Bloomberg News. The layoffs, constituting about 2.7 per cent of the bank's US workforce of ... Read More
Layoffs surged in February to highest level since 2009
That is according to a new report published Thursday by Challenger, Gray & Christmas, which found that companies planned 84,638 job cuts in February ... period last year. US ECONOMY ADDS 216K ... Read More
Huawei Overtakes Apple in China’s Smartphone Market Amid Sales Surge
On the other hand, Huawei, Apple’s main competitor in China’s premium smartphone market, saw a 64% increase in sales during this period. According to the report, Apple’s share of the Chinese ... Read More
Apple iPhone sales in China plummet 24% as Huawei smartphone sales surge
Counterpoint's report ... of China. The iPhone is doing well in those markets." Get a brief on the top business stories of the week, plus CEO interviews, market updates, tech and money news ... Read More
Citigroup to cut nearly 300 jobs amid layoff spree
Citigroup is cutting nearly 300 workers in New York as it continues its massive layoff spree in an effort to rein in expenses, according to filings with the State Labor Department. About 239 ... Read More
Evonik to Cut Workforce by 6% Amid Challenging Market
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order ... Read More
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