Money Huawei makes billions despite US sanctions
EU, US, UK, Canada target China officials over Uyghur abuses
China responds angrily to new Western sanctions on officials from its Xinjiang region over persecution of Muslims.The EU targeted four senior officials in Xinjiang, involving a freeze on their assets and a ban on travelling in the bloc.
Huawei has completed the past financial year despite the sanctions of the US with a slight sales and earnings growth. According to own information, a forward-looking approach has also helped.
Despite Harter, the Chinese Technology Giant Huawei has completed the past financial year with a slight sales and earnings growth. As the company from South China Shenzhen announced on Wednesday, sales in 2020 was 891.4 billion yuan (surrounded by about € 115.8 billion) and thus 3.8 percent higher than in the previous year. Net income rose by 3.2 percent to 64.6 billion yuan (8.4 billion euros).
Huawei makes billions despite US sanctions
Huawei has completed the past year with a billion profit despite hard sanctions of the US. The Chinese Technology Group benefited from the strong position in the home market, while internationally, among other things, the smartphone sales bagged. © Andy Wong / ap / dpa A Huawei loading in Beijing: Thanks to the home market, the business of Chinese Tech Giant grew further. Sales of the company from South China Shenzhen rose by 3.8 percent to 891.4 billion yuan by 2020 (around € 115.8 billion).
The US government had further aggravated its sanctions against Huawei last July to capture access to chips from international production to the Chinese Group. The USA threw Huawei under Andrem espionage, which the Group rejects. By and large, the business went very well, said the Chief Secretary of the Huawei board, Jiang Xisheng, the German Press Agency. But "Of course we have many difficulties because of the US sanctions," says the manager. In particular, the decline in the sales of high-end smartphones whose chips are particularly affected by US sanctions is "relatively large".Supply of Chips helps via sanctions
Huawei can only produce these devices only because it has created a supply of chips before the sanctions came into force. Even the missing components to produce is not an option. "The production of these chips is very complicated and is currently impossible for us. We do not consider that ". But it is worked on alternatives and solutions that diversify supply chains to not depend on individual suppliers or countries. This could also include increased cooperation with European partners.
Progressives say Biden’s foreign policy is the same as Trump’s. They’re wrong.
Sure, there are some similarities. But Biden’s foreign policy is very, very different from Trump’s.It goes something like this: Two months into his administration, Biden is pursuing many of the same objectives as his predecessor. Sure, the tone has changed — namely, talk of rebuilding alliances and defending democracy and human rights — but much of the substance remains the same.
Meanwhile, other business units help to compensate for part of the declines. The business with Wearables such as Smartwatches or other consumer equipment such as headphones, laptops and smart screens develop "very good".
In addition, Huawei works about products for networked cars and intelligent vehicles. "We want to put a focus on this area in the future," said Jiang Xisheng. Expressly wool Huawei does not produce vehicles themselves, but reinforces as a supplier with manufacturers working together. You have also interested in other cooperations with German carshakers. DPAto read more:
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Vienna talks on Iran’s nuclear deal conclude hopeful opening week .
Technical talks over Iran nuclear deal appear to have progressed well as negotiators are set to meet again.A Joint Commission meeting of the remaining participants of the Joint Comprehensive Plan of Action (JCPOA) – Iran, China, Russia, Germany, France, and the United Kingdom – was held in the Austrian capital on Friday following a virtual meeting last week and an in-person meeting on Tuesday.