Money After US sanctions: Huawei grows more slowly in the third quarter

12:50  23 october  2020
12:50  23 october  2020 Source:   t3n.de

U.S.-China Trade Soars by a Fifth, Despite Trump Tariffs

  U.S.-China Trade Soars by a Fifth, Despite Trump Tariffs The world's second largest economy saw its trade growth accelerate in September. Exporters reaped the benefits of record demand for masks and medical supplies and received a boost from China's early reopening of its economy. It also benefited from robust demand for electronic products despite Washington's clamp down on Beijing's technology ambitions. Your browser does not support this video Donald Trump has cut off supplies of components for companies including China's leading tech firm Huawei. The technology giant has since become a lightning rod for U.S. geopolitical tensions with China.

U . S . sanctions , including the blacklisting of Huawei and moves to cut the Chinese company off from key semiconductor supplies, are weighing on the results. GUANGZHOU, China — Huawei 's revenue growth slowed sharply in the third quarter while its margin dipped as U . S . sanctions disrupt its

US -China tensions have risen after President Trump imposed measures widely thought to target Huawei . UK Prime Minister Theresa May last month provisionally approved Huawei technology for use in the nation's future 5G telecoms networks, but a leaked account of the meeting said five cabinet

After the US tightened sanctions, the Chinese technology giant Huawei grew more slowly in the third quarter.

Wegen Sanktionen wächst Huawei langsamer. © Shutterstock Huawei is growing more slowly due to sanctions. While sales in the first half of the year had increased by 13.1 percent compared to the previous year, the year-on-year increase until the end of September was only 9.9 percent. This emerges from business figures that the group from Shenzhen in southern China presented on Friday.

According to this, Huawei turned over 671.3 billion yuan (about 85 billion euros) in the period from January to September. The net margin, i.e. the portion that ultimately remains as profit from sales, was eight percent in the first nine months, according to the announcement. The company did not provide any details about the profit itself.

Iran Looks to Prosecute U.S. 'Thugs' Over Latest Financial Sanctions

  Iran Looks to Prosecute U.S. 'Thugs' Over Latest Financial Sanctions Judicial officials said they would set up special courts to prosecute those behind sanctions, though this would be a purely symbolic move.Iranian deputy judiciary chief Ali Baqeri told Iranian media Monday that the judiciary will set up a new branch to prosecute supporters of U.S sanctions, the Fars News Agency reported.

The growing investigation also comes after Huawei ’s smaller domestic rival, ZTE, in March pleaded guilty to breaking sanctions and was fined .19 billion. In the fourth quarter of 2016, Huawei was the third -largest smartphone maker in the world, with a global market share of about 10 percent.

We continue to believe in the long-term strength of the LNG market and HMLP's underlying charters AT&T earnings for the September quarter met Street estimates while revenue came in above Wall Huawei had leaned on TSMC in the months before Washington shut that loophole and it can now

The US government further tightened its sanctions against Huawei in July in order to cut the Chinese group's access to any chips from international production. According to the regulation, chips that have been designed using American software or manufactured using American technology may no longer be delivered to Huawei. According to analysts, Chinese companies have not yet been able to produce similarly advanced chips.

Huawei refers to difficulties during the corona pandemic

Video: RKI recorded 11,287 new corona infections within 24 hours on Wednesday (22.10.2020) (glomex)

In a statement on the quarterly figures, Huawei did not go directly to the US penalties but wrote that Huawei's global supply chain has come under severe pressure as the world battles the coronavirus pandemic. Production and operation are "facing major challenges". The company continues to strive to "find solutions, survive, move forward and meet its obligations to customers and suppliers".

Arms embargo on Iran expires despite US opposition

  Arms embargo on Iran expires despite US opposition A 13-year conventional arms embargo on Iran has ended, but the implications for Iran and the region remain uncertain.The 13-year ban imposed by the United Nations Security Council (UNSC) came to an end on Sunday as part of Resolution 2231 of the Joint Comprehensive Plan of Action (JCPOA), an accord signed in 2015 that gave Iran sanctions relief in exchange for curbs on its nuclear programme.

Most Read. US election: is Biden on course for a blowout victory? Gartner, the research group, had calculated that Huawei was the worst hit of the major smartphone makers in the first quarter , with shipments declining 27 per cent, but the company said its consumer business had increased sales by

US officials said Huawei had been circumventing sanctions by obtaining chips and components that - US trying to 'crush' rivals -. Huawei is poised to become a global leader in the coming advent of "Any other country or company with more advanced technologies may put US supremacy at risk," he

The USA accuse Huawei of espionage, among other things, which the company firmly rejects. US President Donald Trump called the company "Spy-wei". Huawei has been subject to US sanctions since 2019, which have been gradually tightened. dpa

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Iran Says U.S. Has 'Addiction' to Sanctions After Latest Round Hits Oil Industries Already Targeted .
"The U.S. has out-sanctioned itself," Iranian mission to the United Nations spokesperson Alireza Miryousefi told Newsweek after President Donald Trump's latest sanctions hit energy industries already subject to restrictions.The U.S. Department of Treasury announced Monday that its Office of Foreign Assets Control was designating the Iranian Ministry of Petroleum, the National Iranian Oil Company and the National Iranian Tanker Company on counterterrorism grounds due to their financial support of Iran's Islamic Revolutionary Guard Corps Quds Force (IRGC-QF), an elite military unit branded a terrorist organization last year by the State Department.

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